Visa’s $14bn services arm is outgrowing its card roots

Visa expects around a quarter of its payments volume to come up for renewal in fiscal 2027. Visa has reported fiscal 2026 net revenue of $45.9bn, with its Value-Added Services (VAS) business generating $14bn in revenue during the year. According to the company’s Q4 2026 results , VAS revenue doubled its 2023 level and grew 30% year on year in constant dollars, while Commercial and Money Movement Solutions (CMS) revenue increased 19% on the same basis.