Financial Data and Key Metrics - Net revenue for Q2 2024 was $8.8 billion, up 10% YoY, with GAAP EPS up 12% and non-GAAP EPS up 20% [6] - Global payments volume grew 8% YoY in constant dollars, with US payments volume up 6% and international payments volume up 11% [6] - Cross-border volume excluding Intra-Europe rose 16% YoY, and processed transactions grew 11% [6] - Value-added services revenue grew 23% in constant dollars to $2.1 billion, driven by issuing and acceptance solutions and advisory services [31] Business Line Performance - Consumer payments growth was driven by stable payments volume, process transactions, and cross-border volume [31] - New flows revenue improved to 14% YoY growth in constant dollars, with Visa Direct transactions growing 31% YoY [31] - Tap-to-pay grew to 79% of face-to-face transactions globally, excluding the US, up five percentage points YoY [13] - E-commerce payments volume in the US grew several points faster YoY than face-to-face spend, with similar trends in Canada, Brazil, Australia, and India [14] Market Performance - US payments volume grew 6% YoY, with credit and debit both up 6% [26] - International payments volume grew 11% in constant dollars, with strong growth in Latin America, CEMEA, and Europe ex-UK, each growing more than 19% [27] - Cross-border travel volume was up 17% YoY, with strong recovery in LAC, Europe, and CEMEA, but slower recovery in Asia-Pacific [28] Company Strategy and Industry Competition - The company is focused on digitizing cash and check, enhancing e-commerce capabilities, and building new solutions for its network of networks [24] - Visa is expanding its presence in open banking through Tink, with recent agreements in the US including Capital One, Fiserv, and Jack Henry [19] - The company is leveraging its Visa Direct platform to enable faster push payments, with agreements like Thunes expanding its reach to 108 countries [16] Management Commentary on Operating Environment and Future Outlook - The company expects adjusted net revenue growth in the low-double-digits for the full year, with total payments volume growth adjusted to high-single-digits due to trends in Asia [34] - Management remains optimistic about the growth opportunities in consumer payments, new flows, and value-added services, despite macroeconomic challenges [24] - The company has agreed to a landmark settlement with US merchants, lowering credit interchange rates and capping them until 2030, providing clarity and stability to the market [23] Other Important Information - The company has commenced an exchange offer for Visa's Class B1 common stock, set to expire at the end of the following week [22] - Visa has over 9.5 billion tokens globally, with 1 billion tokens in Asia-Pacific, enhancing security and authorization rates in e-commerce [15] Q&A Session Summary Question: Impact of Easter on Q2 trends and tax refund timing [37] - Answer: Easter timing affected April volumes, but growth rates adjusted for the holiday are not meaningful. Tax refund timing has been consistent year-to-date [38] Question: Sizing of faster-growing cross-border segments like remittances and marketplace payouts [39] - Answer: The company does not provide specific breakouts but notes strong e-commerce growth and positive yields across cross-border business [40] Question: US debit trends and guidance for Q3 and full year [41] - Answer: US debit and credit volumes remain stable, with no significant changes in consumer behavior or Reg II impacts [42] Question: Recovery in new flows growth and key drivers [43] - Answer: New flows revenue grew 14% YoY, driven by Visa Direct transactions (up 31%) and stable commercial volumes (up 8%) [44] Question: Incentives and ticket size trends in the US and globally [46] - Answer: Incentive growth is expected to slow in H2, with Q4 being the lowest growth quarter. US ticket sizes are expected to turn positive in H2, while global ATS will remain slightly negative due to Asia [47] Question: Uptick in value-added services growth [48] - Answer: Growth in value-added services is driven by deepening product penetration with existing clients, new product launches, and geographic expansion [50] Question: Open banking opportunity in the US vs Europe [52] - Answer: The US market is less developed than Europe, but Visa is leveraging its Tink platform to expand open banking solutions in the US [53] Question: Visa Deep Authorization and its impact on e-commerce [55] - Answer: Visa Deep Authorization is a transaction risk scoring solution tailored for the US e-commerce market, aimed at reducing fraud and improving authorization rates [57] Question: Middle East deal activity and growth opportunities [59] - Answer: The company is seeing strong execution in the Middle East, with recent deals like Emirates Skywards and Qatar Airways co-brand cards [60] Question: Impact of US merchant settlement on Visa and issuing banks [61] - Answer: The settlement provides clarity and stability, with reduced interchange rates and no increases for five years, allowing the market to focus on growth [62] Question: Evolution of value-added services penetration and pricing [65] - Answer: The company is focused on deepening penetration of value-added services with existing clients, with pricing models varying by product and market [66] Question: Strategies for taking share from domestic card networks [67] - Answer: The company focuses on demonstrating the value of Visa cards over domestic schemes, particularly in e-commerce, cross-border travel, and fraud prevention [68] Question: Prosa's performance and opportunities in Mexico [71] - Answer: Prosa is a strong asset in Mexico, and Visa is leveraging its capabilities to bring value-added services to the market, with significant growth potential [72] Question: Cross-border revenue and volume trends, including FX volatility [74] - Answer: Cross-border revenue growth is impacted by low FX volatility, but the underlying business remains strong, with expectations for mid-teens growth in H2 [75] Question: Expectations for new flows, VAS revenue, and cross-border travel in H2 [77] - Answer: New flows and VAS revenue are expected to grow strongly in H2, with cross-border travel volumes moderated due to slower recovery in Asia-Pacific [78] Question: Service yields and client incentives trends [80] - Answer: Service yields remained stable in Q2, with client incentives lower than expected due to deal timing and performance [81] Question: Quantifying ACH vs domestic network conversion opportunities [84] - Answer: The company is seeing success in converting ACH and domestic network transactions, with significant opportunities in all three areas (cash/check, ACH, domestic networks) [85]

For the quarter ended March 2024, Visa (V) reported revenue of $8.78 billion, up 9.9% over the same period last year. EPS came in at $2.51, compared to $2.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $8.6 billion, representing a surprise of +2.07%. The company delivered an EPS surprise of +3.29%, with the consensus EPS estimate being $2.43.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations t ...

Visa (V) came out with quarterly earnings of $2.51 per share, beating the Zacks Consensus Estimate of $2.43 per share. This compares to earnings of $2.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.29%. A quarter ago, it was expected that this global payments processor would post earnings of $2.33 per share when it actually produced earnings of $2.41, delivering a surprise of 3.43%.Over the last four quarters, the compan ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-33977 VISA INC. (Exact name of Registrant as specified in its charter) Delaware 26-0267673 (State or other jurisdiction (IRS Employer of in ...

Visa Reports Fiscal Second Quarter 2024 Results San Francisco, CA, April 23, 2024 – Visa (NYSE: V) • GAAP net income of $4.7B or $2.29 per share and non-GAAP net income of $5.1B or $2.51 per share • Net revenue of $8.8B, an increase of 10% on a nominal and constant-dollar basis • Growth in payments volume, processed transactions and cross-border volume remained relatively stable • Share repurchases and dividends of $3.8B Income Statement Summary Q2 2024 In billions, except percentages and per share data. Ry ...

I still remember Visa’s initial public offering back in 2008.While it wasn’t the best market environment for an IPO, the initial price decline provided investors with an incredible opportunity. The stock fell under (split-adjusted) $10/share during the depths of the Great Recession.Fast forward sixteen years, and Visa celebrated its anniversary by hitting an all-time high last month of $290/share.The stock has since pulled back along with the general market. Fiscal second-quarter earnings from the payment t ...

Visa cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024. (Photo by ... [+] Jakub Porzycki/NurPhoto via Getty Images)NurPhoto via Getty ImagesVisa (NYSE: V) is scheduled to report its fiscal Q2 2024 results on Thursday, April 25, 2024. We expect Visa Visa to edge past the consensus estimates of earnings and revenues. The company posted better-than-expected results in the last quarter, with net revenues (total revenues minus client incentives) increasing 9% y-o-y to $8.6 billi ...

Standard Chartered has partnered with Visa to facilitate cross-border B2B payments for the bank’s corporate clients. The bank has joined the Visa B2B Connect multilateral payment network and has become Visa’s new settlement partner for a set of currencies, the companies said in a press release emailed to PYMNTS.The solution will launch first for clients of Standard Chartered Singapore and will be expanded to more entities in the coming months, according to the release. “In today’s increasingly interconnecte ...

Analysts on Wall Street project that Visa (V) will announce quarterly earnings of $2.43 per share in its forthcoming report, representing an increase of 16.3% year over year. Revenues are projected to reach $8.6 billion, increasing 7.7% from the same quarter last year.The consensus EPS estimate for the quarter has undergone an upward revision of 0.1% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during th ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Visa (V) , which belongs to the Zacks Financial Transaction Services industry.This global payments processor has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 3.96%.For the last reported quarter, Visa came out with earnings of $2.41 per share versus the ...