Cardintel

Visa

Visa Inc.

VBank

15 quarters tracked through Q1 2026

Q1 2026 · Coverage note

A Network, Not an Issuer

Visa is a payment network, not a card-issuing lender. It carries no card receivables and books no credit losses, so the issuer credit metrics Cardintel tracks (net charge-off rate, delinquency, provision) do not apply.

Visa does not lend to cardholders. The credit metrics that anchor Cardintel's issuer briefs do not apply to a network.

Visa earns fees on payment volume — it does not hold card balances or absorb credit losses. The net-charge-off, delinquency, and provision figures that define an issuer brief are structurally absent because Visa takes no consumer credit risk.

Cardintel tracks Visa for the metrics that do matter for a network: payment volume, processed-transaction growth, and cross-border activity (a useful proxy for travel spend). Those network-volume metrics are being built into a dedicated payments-trends view rather than the issuer-credit format.

Until that view ships, Visa's page intentionally shows no credit brief. Reporting issuer-credit metrics for a non-lender would be misleading, and Cardintel's charter is to report only what the data supports.

By the editors. Cardintel.

Credit quality

Net charge-off rate

30+ day delinquency rate

Net interest margin

card segment NIM — sparse

Return on assets

consolidated, Q1 2026, annualized

Scale & earnings

Card receivables (EOP)

Card net revenue

Provision for credit losses

Net charge-offs ($)

Financial summary

P&L, balance sheet, and key drivers

Standardized issuer-summary format used across all coverage. Switch tabs to compare Visa against a peer; change the table quarter independently of the page anchor.

·
MetricVisa
Q1 2026
Prior Q
Q4 2025
Prior Y
Q1 2025
QoQYoY
Card net revenue
Provision for credit losses
Fee income (non-interest)
Net interest incomeSprint 8 — split out of card net revenue
Noninterest expenseSprint 8 — segment expense extraction
Pretax income
Net income

Generated commentary

Visa P&L for Q1 2026 — most line items pending ingestion.

$ in cents (formatted as $B / $M / $). Rows marked “pending” are tracked and will populate as the corresponding ingestion lands. Source: SEC EDGAR 10-K / 10-Q segment data and FFIEC Call Reports.

Overlay peers
VVisaprimary

Net charge-off rate — 5-year history

Visa
Peer median
Peer 90th pct.

Net charge-off rate for Visa (solid) vs. the bank peer median (dashed) and 90th percentile (dotted). Use the controls above to overlay individual peers or a macroeconomic series on the right axis. Source: SEC 10-K/10-Q filings and FFIEC Call Reports; macro series via FRED.

Source: SEC EDGAR 10-Q filings + FFIEC Call Reports. Updated June 4, 2026.Methodology