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VISA INC

15 managers · $16.2B total
Data: SEC EDGAR 13F · 2026Q2
Manager holders · last 5 qtrsⓘ
15
2025Q2 – 2026Q2 · flat QoQ
Total position
$16.2B
Combined value across tracked managers
Net move this quarter
↓ Trimming
Weighted by holders' share change
HolderQ actionValue% of port.Style
TCIⓘHold$10.5B19.83%Concentrated / Value
EgertonAdd+3.74%$1.5B14.13%Global growth-value
SandsⓘTrim-14.2%$816M3.03%High-conviction growth / Innovation-led
ValueActHold$795M14.1%Activist / Quality
FundsmithⓘTrim-34.93%$693M5.08%Quality growth / Long-term concentrated
PolenⓘTrim-26.17%$619M5.34%Quality growth / GARP concentrated
AkreⓘTrim-32.21%$381M7.44%Quality compounders / Three-legged stool
MarkelAdd+0.95%$348M2.65%Insurance float / Long-term value
Harris (Oakmark)Trim-0.78%$244M0.32%Deep value / Contrarian long-term
Valley ForgeTrim-22.68%$159M5.1%Ultra-concentrated / Quality growth
GivernyⓘTrim-1.63%$134M4.5%Long-term growth-value
MarathonAdd+3.03%$54M2.2%Capital cycle / Contrarian value
HoskingⓘTrim-3.1%$7M0.25%Contrarian value / Global diversified
SaberAdd+4.13%$5M3.69%Concentrated value
AKOTrim-17%$0M7.87%Quality growth / Concentrated long-term
What managers sayⓘ
2026-06-30The Capital Cycle (Marathon)BullPassive’s Massive AI Gamble (June 2026)Detail →
2026-06-18Michael Mauboussin (Consilient Observer)NeutralOpportunities and Expectations: The Present Value of Growth Opportunities in ValuationDetail →
2026-05-25Scottish Mortgage (Baillie Gifford)NeutralAffirm: Why Shoppers are Walking Away from Credit CardsDetail →
2025-10-21Colossus (Invest Like the Best / Business Breakdowns)NeutralKarim Atiyeh - Building Ramp - [Invest Like the Best, EP.445]Detail →
2025-08-05Horizon KineticsBear2nd Quarter 2025 CommentaryDetail →
2025-03-11Colossus (Invest Like the Best / Business Breakdowns)NeutralKelly Granat - Investing At Lone Pine - [Invest Like the Best, EP.414]Detail →
2025-01-28Colossus (Invest Like the Best / Business Breakdowns)BullBlake Hall - Combat, Service, and Innovation - [Invest Like the Best, EP.408]Detail →
2024-12-10Colossus (Invest Like the Best / Business Breakdowns)NeutralMicky Malka - Building Ribbit - [Invest Like the Best, EP.401]Detail →
Earnings Callsⓘ
Q2 2026April 29, 2026
›
Visa's Q2 2026 results beat expectations, with net revenue up 17% year over year—the fastest growth since 2022—driven primarily by strong contributions from VAS and CMS.
Key data: Net revenue of $11.2 billion (+17%), EPS of $3.31 (+20%), payment volume of $3.7 trillion (+9%).
Business developments: VAS revenue reached $3.3 billion (+27%), CMS revenue grew 24%, stablecoin card programs exceeded 160 (transaction volume up nearly 200%); Pismo signed major banks such as Wells Fargo and expanded to 15 countries.
Guidance: Raised full-year net revenue and EPS growth expectations to low-double-digit to low-teens, with Q3 net revenue growth expected to be the lowest quarter of the fiscal year.
Risks/highlights: Management expressed strong optimism about AI agent commerce and stablecoin prospects, but the Middle East conflict caused a slowdown of approximately 2.5 percentage points in CEMEA payment volume growth.
Q1 2026January 30, 2026
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FinancialsⓘFY2025 · Source: SEC EDGAR 10-K

5y revenue CAGR 13% · latest net margin 50.1% · FCF consistently positive

Revenue$40.0B
Rev. YoY+11.3%
Gross margin—
Net margin50.1%
Net income$20.1B
Free cash flow$21.6B
Operating cash flow$23.1B
ROE52.9%

Source: SEC EDGAR company filings (10-K). Foreign issuers (20-F/IFRS) not yet covered.