Financial Data and Key Metrics Changes - Visa reported net revenue of $10.2 billion, an increase of 14% year over year, and EPS rose by 23% year over year [6][35][42] - Overall payments volume grew by 8% year over year in constant dollars, with U.S. payment volume increasing by 7% and international payments volume by 10% [6][35][36] - Cross-border volume, excluding intra-Europe, rose by 11% in constant dollars, and processed transactions grew by 10% year over year [7][35][36] Business Line Data and Key Metrics Changes - Consumer payments revenue was driven by strong payments volume, cross-border volume, and processed transaction growth [41] - Commercial and Money Movement Solutions (CMS) revenue grew by 13% year over year in constant dollars, with Visa Direct transactions increasing by 25% [15][42] - Value-added services revenue reached $2.8 billion, growing by 26% year over year in constant dollars, driven by strength across all portfolios [25][42] Market Data and Key Metrics Changes - Total international payments volume increased by 10% year over year, consistent with Q2 when adjusted for leap year [35][36] - U.S. payments volume growth was generally consistent with Q2, with e-commerce growing faster than face-to-face spend [36][38] - Cross-border volume growth remained strong and above pre-COVID levels, despite currency weakness and travel impacts [31][39] Company Strategy and Development Direction - Visa is focused on innovation in areas such as AI and stablecoins, with a commitment to evolving its product offerings [8][20] - The company aims to deepen relationships with clients and expand its digital payment solutions, including account-to-account payments and open banking initiatives [14][19] - Visa's strategy includes enhancing its value-added services and leveraging its global scale to capture growth opportunities [32][42] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer spending and the company's ability to navigate macroeconomic challenges [30][48] - The outlook for Q4 remains strong, with expectations for continued growth in net revenue and EPS [46][48] - Visa is planning for FY 2026, evaluating various macroeconomic scenarios and client renewals to drive future growth [95][96] Other Important Information - Visa's operating expenses grew by 13%, primarily due to higher personnel costs and lower-than-expected FX benefits [43][66] - The company issued €3.5 billion in fixed-rate senior notes and repurchased approximately $4.8 billion in stock during the quarter [43][44] - Visa is actively involved in the stablecoin space, supporting regulatory clarity and exploring its use in remittances and cross-border transactions [20][23] Q&A Session Summary Question: Follow-up on the fourth quarter guide - Management indicated that Q4 is expected to be fundamentally strong, with resilient consumer spending and normalization of prior one-time impacts [52][54] Question: Investment priorities and operating expenses - Management confirmed that investment priorities remain unchanged, focusing on product development and growth, while Q3 operating expenses were higher due to FX and personnel costs [62][66] Question: Spread between international transaction fees and nominal cross-border volume - Management explained that the spread was impacted by higher currency volatility, hedging losses, and changes in mix, particularly with U.S. inbound travel [70][74] Question: Visa Direct's growth and pricing dynamics - Management highlighted Visa Direct's significant growth and its role as a cross-border money movement platform, with pricing strategies varying by region and use case [78][84] Question: Expectations for volume transactions in fiscal 2026 - Management expressed confidence in the growth potential across its business segments and the ongoing momentum in value-added services [90][92] Question: Role of stablecoins in remittances - Management discussed the potential for stablecoins to facilitate faster and cheaper cross-border transactions, benefiting both consumers and service providers [100][104] Question: Growth of advisory services related to stablecoins - Management confirmed strong growth in the advisory business, particularly around stablecoins, and highlighted opportunities for monetization through consulting services [108][110]

Financial Data and Key Metrics Changes - The company reported net revenue of $10.2 billion, an increase of 14% year over year, and EPS rose by 23% year over year [6][35] - Overall payments volume grew by 8% year over year in constant dollars, with U.S. payment volume increasing by 7% and international payments volume by 10% [6][35] - Cross-border volume, excluding intra-Europe, rose by 11% in constant dollars, and processed transactions grew by 10% year over year [6][35] Business Line Data and Key Metrics Changes - Consumer payments revenue was driven by strong payments volume, cross-border volume, and processed transaction growth [42] - Commercial and money movement solutions revenue grew by 13% year over year in constant dollars, with Visa Direct transactions increasing by 25% [42] - Value-added services revenue reached $2.8 billion, growing by 26% year over year in constant dollars, driven by strength across all portfolios [43][25] Market Data and Key Metrics Changes - Total international payments volume increased by 10% year over year, consistent with Q2 when adjusted for leap year [35] - U.S. payments volume growth was generally consistent with Q2, with e-commerce growing faster than face-to-face spend [36] - Cross-border volume growth remained strong and above pre-COVID levels, despite impacts from currency weakness and travel to specific countries [32] Company Strategy and Development Direction - The company is focused on advancing its product developments in areas such as AI and stablecoins, aiming to lead in consumer payments, commercial solutions, and money movement [8][21] - Visa is enhancing its digital future through innovations like Visa Intelligent Commerce and the Flex credential, which targets various use cases [12][9] - The company is committed to expanding its stablecoin capabilities, seeing product market fit in emerging markets and cross-border money movement [21][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of consumer spending and the company's ability to capture significant opportunities ahead [32][49] - The company anticipates strong growth in Q4, with adjusted net revenue expectations remaining unchanged in the high single digits to low double digits [47][49] - The strength and diversity of Visa's business model are expected to drive long-term growth, even amid changing economic conditions [49][49] Other Important Information - Operating expenses grew by 13%, higher than expected due to lower FX benefits and increased personnel costs [44] - The company issued €3.5 billion of fixed-rate senior notes and repurchased approximately $4.8 billion in stock during the quarter [44] - Visa's total credentials increased by 7% year over year, with over 50% of e-commerce transactions now tokenized globally [9] Q&A Session Summary Question: Follow-up on the fourth quarter guide - Management indicated that Q4 is expected to be fundamentally strong, with resilient consumer spending and normalization of one-time impacts from the previous year [52][54] Question: Investment priorities and operating expenses - Management confirmed that investment priorities remain unchanged, focusing on a rich product pipeline, while Q3 operating expenses were higher due to FX benefits and personnel costs [62][66] Question: Spread between international transaction fees and nominal cross-border volume - Management explained that higher currency volatility, hedging losses, and mix impacts contributed to the spread dynamics, with U.S. inbound travel affecting yields [70][74] Question: Visa Direct's growth and pricing dynamics - Management highlighted Visa Direct's significant growth and its role as a cross-border money movement platform, with pricing strategies varying by region and use case [78][86] Question: Expectations for fiscal 2026 - Management expressed confidence in the growth opportunities across its three engines and indicated that more details would be provided in the next earnings call [90][96] Question: Role of stablecoins in remittances - Management discussed the potential of stablecoins to enable faster and cheaper cross-border transactions, benefiting both end users and clients [99][102] Question: Growth in advisory services related to stablecoins - Management confirmed strong growth in advisory services, particularly around stablecoins, and emphasized the importance of their consulting capabilities in this area [105][107] Question: Incentives for Q4 and fiscal 2026 - Management noted that Q4 is expected to see the highest growth in incentives, with no changes to the adjusted net revenue guidance [110][111]

Financial Performance - Visa's Q3 2025 net revenue reached $10.2 billion, a 14% increase year-over-year[4] - GAAP net income was $5.3 billion, up 8% year-over-year, with GAAP earnings per share at $2.69, a 12% increase[4] - Non-GAAP net income was $5.8 billion, a 19% increase year-over-year, and non-GAAP earnings per share were $2.98, a 23% increase[4] - Operating expenses increased by 35% on a GAAP basis and 13% on a non-GAAP basis[2] Business Drivers - Payments volume increased by 8% year-over-year in constant dollars[5] - Cross-border volume, excluding intra-Europe transactions, increased by 11% year-over-year[5] - Total cross-border volume increased by 12% year-over-year[5] - Processed transactions increased by 10% year-over-year[5] Capital Allocation - The company returned $6.0 billion to shareholders through share repurchases and dividends[6] - Share repurchases amounted to $4.828 billion in Q3 2025[37] - Dividends paid totaled $1.154 billion in Q3 2025[37] Financial Outlook - For Q4 2025, Visa anticipates high-single-digit to low-double-digit growth in net revenue on a non-GAAP adjusted constant-dollar basis[39] - The company projects high-single-digit to low-double-digit growth in operating expenses on the same basis for Q4 2025[39] - Diluted Class A common stock earnings per share are expected to grow by a high-single-digit percentage for Q4 2025 on a non-GAAP adjusted constant-dollar basis[39]

Worldline entered into talks to sell its digital-services unit as the French payments company seeks to focus its activities after its stock collapsed following media reports alleging that it turned a blind eye to fraud https://t.co/jtejvRGqOd ...

PayPal's installment payment portfolio again grew more than the core business, with BNPL volume up more than 20%. During PayPal's Q2 earnings call, Chief Executive Alex Chriss devoted the most airtime to digital wallet growth and last week's launch of PayPal World. PayPal Holdings Inc. used its Q2 earnings call to talk less about inflation or consumer spending softness and more about the tactics it says will secure its place at the virtual and in-store cash register. Chief Executive AlexChriss laid out a fi ...

Core Insights - Mastercard is expected to report Q2 2025 earnings on July 31, 2025, with an estimated EPS of $4.05 and revenues of $7.99 billion, reflecting year-over-year increases of 12.8% and 14.7% respectively [1][2][8] Financial Performance - The full-year 2025 revenue estimate for Mastercard is $31.96 billion, indicating a 13.5% year-over-year growth, while the EPS estimate is $16.04, suggesting a 9.9% increase [3] - Mastercard has consistently surpassed earnings estimates, achieving an average surprise of 3.7% over the last four quarters [4] Earnings Predictions - The company is projected to experience growth in switched transactions, cross-border volumes, and value-added services, contributing to its Q2 performance [8] - The Gross Dollar Volume (GDV) is expected to rise by 7.4% year-over-year, with domestic operations increasing by nearly 7% and international operations by 6% [9] - Switched transactions are anticipated to grow by 10.4% year-over-year, driven by consumer spending and contactless payment initiatives [10] - Cross-border volumes are expected to increase by 17.1%, with domestic assessments and transaction processing assessments projected to rise by 10.2% and 13.5% respectively [11] Cost and Margin Considerations - Adjusted operating expenses are expected to rise nearly 16% year-over-year, influenced by higher general and administrative costs as well as advertising and marketing expenses [14] - Payments network rebates and incentives are projected to increase by 12.6% year-over-year, which may impact margins despite strong revenue growth [14][13] Stock Performance and Valuation - Mastercard's stock has gained 8% year-to-date, outperforming the industry average of 4.7% [15] - The current forward P/E ratio for Mastercard is 32.33, above its five-year median of 31.74 and the industry average of 22.19 [17] - Competitors Visa and American Express are trading at lower forward P/E ratios of 28.31 and 18.85 respectively, indicating better value [19] Strategic Outlook - Mastercard is enhancing its competitive edge through digital capabilities, merchant engagement, and customer experience improvements [20] - The company is focusing on tokenized transactions and stablecoin infrastructure as part of its innovative strategy [20] - Value-added services are expected to remain a significant growth driver, supported by robust cash flows for dividends and strategic investments [20]

In this article Courtesy: Cash App Cash App is going on the offensive in peer-to-peer payments. The Block-owned payments platform on Tuesday unveiled Pools, a new peer-to-peer feature designed to make group payments simple. It's the company's first major P2P product launch in nearly two years. "This is the first time we're going into out-of-network payments with Pools," said Owen Jennings, Block's head of business, referring to the feature's ability to accept contributions via Apple Pay or Google Pay from p ...

Paypal(PYPL.O)2025年Q2营收82.9亿美元，去年同期78.85亿美元，市场预期80.86亿美元。 ...

PayPal Holdings, Inc. PYPL will release earnings results for the second quarter before the opening bell on Tuesday, July 29. Analysts expect the San Jose, California-based company to report quarterly earnings at $1.30 per share, up from $1.19 per share in the year-ago period. PayPal is projected to report quarterly revenue of $8.08 billion, compared to $7.88 billion a year earlier, according to data from Benzinga Pro. PayPal unveiled a new feature that allows users to connect their personal cryptocurrency w ...

Core Viewpoint - Robbins LLP has initiated a class action lawsuit on behalf of investors who acquired Flywire Corporation securities during a specified period, alleging that the company misled investors about its business prospects and revenue growth sustainability [1][2]. Group 1: Allegations and Financial Impact - The complaint asserts that Flywire Corporation failed to disclose the overstated strength and sustainability of its revenue growth [2]. - It is alleged that the company understated the negative impact of permit- and visa-related restrictions on its business [2]. - On February 25, 2025, Flywire announced disappointing financial results for Q4 and FY 2024, revealing expected revenue declines of over 30% year-over-year in Canadian and Australian markets due to recent policy changes and new visa rules [3]. - Following this announcement, Flywire's stock price dropped by $6.59 per share, or 37.36%, closing at $11.05 per share on February 26, 2025, as multiple analysts downgraded their recommendations and cut price targets [3]. Group 2: Class Action Participation - Shareholders may be eligible to participate in the class action against Flywire Corporation, with options to serve as lead plaintiff or remain an absent class member [4]. - The representation in the class action is on a contingency fee basis, meaning shareholders incur no fees or expenses [5].