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Cards
Tracks the number of Visa cards issued, indicating market penetration and potential for transaction growth as more consumers use Visa for payments.Cards in force have expanded steadily with only a brief mid‑2025 pause before resuming growth, signaling durable consumer and commercial adoption that aligns with management’s reported credential and tokenization gains. That expanding base fuels payments volume and high‑margin value‑added services, supporting double‑digit top‑line momentum; however, near‑term profit conversion may be muted by higher client incentives, severance and FX headwinds, so issuer‑processing and AI investments are key to protecting future margin upside.
Date | Cards |
|---|---|
Sep 30, 2026 | 5.20B |
Jun 30, 2026 | 5.20B |
Mar 31, 2026 | 5.10B |
Dec 31, 2025 | 5.00B |
Sep 30, 2025 | 4.90B |
Jun 30, 2025 | 4.80B |
Mar 31, 2025 | 4.80B |
Dec 31, 2024 | 4.70B |
Sep 30, 2024 | 4.60B |
Jun 30, 2024 | 4.50B |