NEW ORLEANS, July 31, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until September 23, 2025 to file lead plaintiff applications in a securities class action lawsuit against Flywire Corporation (“Flywire” or the “Company”) (NasdaqGS: FLYW), if they purchased the Company’s securities between February 28, 2024 and February 25, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Eastern Distric ...

Financial Performance - The company reported a 16% increase in net revenues and a 12% increase in adjusted net income on a non-GAAP currency neutral basis compared to the previous year [5][33] - Operating expenses rose by 14%, with operating income increasing by 17% [34] - Net income and EPS increased by 12% and 14% respectively, with EPS reaching $4.15, including a $0.09 contribution from share repurchases [34] Business Line Performance - Payment Network net revenue grew by 13%, driven by domestic and cross-border transaction growth [38] - Value-added services and solutions net revenue increased by 22%, with acquisitions contributing approximately 4 percentage points to this growth [38] - The company continues to expand its partnerships with major retailers and fintechs, enhancing its service offerings [7][10][11] Market Performance - Worldwide gross dollar volume (GDV) increased by 9% year-over-year, with U.S. GDV up by 6% and international GDV up by 10% [35] - Cross-border volume increased by 15% globally, reflecting growth in both travel and non-travel related spending [36] - Card present transactions grew significantly, with contactless transactions now representing 75% of all in-person switch purchase transactions [37] Company Strategy and Industry Competition - The company is focused on diversifying its business model and enhancing its product offerings to capture new market opportunities [6][22] - The strategy includes leveraging advanced analytics, loyalty programs, and security solutions to differentiate from competitors [7][18] - The company is also expanding its presence in the commercial payments space, targeting small businesses and fleet card solutions [22][73] Management Commentary on Operating Environment and Future Outlook - Management remains optimistic about growth, citing strong consumer spending supported by low unemployment and wage growth [6][44] - The company is tightening its full-year net revenue outlook to the high end of the previously shared range, expecting low teens growth on a currency neutral basis [46] - Ongoing geopolitical and economic uncertainties are acknowledged, but the company believes its diversified business model will mitigate risks [44][45] Other Important Information - The company repurchased $2.3 billion worth of stock during the quarter, with an additional $1 billion planned through July 2025 [34] - The effective tax rate is expected to be in the 20% to 21% range for both Q3 and the full year [50] Q&A Session Summary Question: Impact of lapping portfolios on growth metrics - Management confirmed that the lapping of portfolios, including Citizens and Wells Fargo, has had a pronounced impact on year-over-year growth metrics and will continue to do so [53][55] Question: Differentiation in value-added services - The company emphasized its carefully curated portfolio of value-added services, particularly in cybersecurity and consumer engagement, which allows for pricing power [62][66] Question: Cross-border volume growth expectations - Management noted that cross-border volumes are well diversified and continue to grow, with travel volumes representing about 60% of total cross-border volumes [95] Question: Client incentives and rebates - Management indicated that client incentives as a percentage of payment network assessments are expected to increase in the second half of the year, driven by competitive market dynamics [99] Question: Market share in regions with strong local players - The company is focused on differentiating its product set in markets like Brazil and India, emphasizing partnerships and competitive solutions to capture market share [111]

Financial Performance - Mastercard's net revenue increased by 17% to $8.133 billion, or 16% on a currency-neutral basis[3] - Adjusted operating expenses increased by 15% to $3.260 billion, or 14% on a currency-neutral basis[3] - Adjusted operating income increased by 18% to $4.873 billion, or 17% on a currency-neutral basis[3] - Adjusted net income increased by 13% to $3.769 billion, or 12% on a currency-neutral basis[3] - Adjusted diluted EPS increased by 16% to $4.15, or 14% on a currency-neutral basis[3] Volume and Transaction Growth - Worldwide Gross Dollar Volume (GDV) increased by 9% year-over-year[14] - Switched transactions grew by 10% year-over-year[20] - Card growth was 6%, with 3.6 billion Mastercard and Maestro-branded cards issued globally[22] Revenue Drivers - Payment Network net revenue increased 13%, driven by domestic and cross-border transaction and volume growth[26] - Value-added Services and Solutions net revenue increased 22%, with acquisitions contributing approximately 4 ppt to this growth[27] Cross-Border Performance - Cross-border volume increased 15% globally[17]

Mastercard Incorporated MA will release earnings results for the second quarter before the opening bell on Thursday, July 31. Analysts expect the Purchase, New York-based company to report quarterly earnings at $4.02 per share, up from $3.59 per share in the year-ago period. Mastercard is projected to report quarterly revenue of $7.98 billion, compared to $6.96 billion a year earlier, according to data from Benzinga Pro. Mastercard on July 16 announced it is launching a new set of benefits called The Master ...

Core Insights - Triba Research aims to identify high-quality businesses capable of delivering sustainable, double-digit returns over the long term [1] - The firm's strategy emphasizes companies with strong competitive advantages, operating in growing markets, maintaining low debt levels, and led by skilled management teams [1] - Triba Research prioritizes long-term value creation while staying informed about the latest market developments [1]

Financial Performance - Total revenue reached $229.6 million, reflecting an 8% year-over-year growth, or 10% on a constant currency basis[10] - Adjusted EBITDA was $92.6 million, an 8% increase year-over-year, with an adjusted EBITDA margin of 40.3%[10] - Adjusted EPS grew by 7% year-over-year to $0.89[10] - Operating cash flow was approximately $86.1 million[9] Segment Performance - Merchant Acquiring revenue increased by 4% year-over-year to $47.3 million, with adjusted EBITDA up 10% to $20.0 million[23, 14] - Payment Services in Puerto Rico and the Caribbean saw a 4% revenue increase to $56.4 million, with adjusted EBITDA up 5% to $33.0 million[25, 14] - Latin America Payments and Solutions experienced a 15% revenue growth to $86.1 million, or 20% on a constant currency basis, with adjusted EBITDA up 33% to $23.3 million[28, 19] - Business Solutions revenue grew by 4% year-over-year to $64.5 million, but adjusted EBITDA decreased by 13% to $26.0 million[30, 14] Liquidity and Capital Allocation - The company returned $6.4 million to shareholders through dividends and executed $3.7 million in share repurchases[11] - Liquidity stood at $484.5 million as of June 30, 2025[11] Outlook - The company projects revenue between $901 million and $909 million, representing a GAAP growth of 6.6% to 7.6%[40] - Adjusted EPS is projected to be between $3.44 and $3.52, reflecting a growth of 4.8% to 7.0%[40]

SO WHAT: If you purchased Fiserv common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. WHAT TO DO NEXT: To join the Fiserv class action, go to https://rosenlegal.com/submit-form/? case_id=42465 or call Phillip Kim, Esq. at 866-767-3653 or email case@rosenlegal.com for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no la ...

PayPal Holdings PYPL experienced a sharp decline in its stock price on Tuesday following its second-quarter 2025 earnings report, despite exceeding earnings per share and revenue expectations and raising its full-year profit guidance. The market reacted negatively to a slowdown in branded checkout Total Payment Volume growth and management's commentary flagging a "slight softening" in U.S. retail spending, raising concerns about the immediate trajectory of key growth areas. Following the release, Wall Stree ...

Core Insights - Visa Inc. reported Q3 fiscal 2025 EPS of $2.98, exceeding the Zacks Consensus Estimate of $2.86 by 4.2%, with a year-over-year increase of 23.1% [1][9] - Net revenues reached $10.2 billion, reflecting a 14.3% year-over-year growth and surpassing the consensus mark by 3.1% [1][9] Business Performance - The increase in quarterly results was driven by higher processed transactions and payment volumes, although partially offset by rising operating expenses [2] - Visa's payments volume grew 8% year over year on a constant-dollar basis, with processed transactions increasing 10% to 65.4 billion, exceeding expectations [3][9] - Cross-border volume rose 12% year over year, with a notable 11% increase excluding intra-European transactions [4] Revenue Breakdown - Service revenues increased 9% year over year to $4.3 billion, aligning with consensus estimates [5] - Data processing revenues grew 15% year over year to $5.2 billion, surpassing the Zacks Consensus Estimate [5] - International transaction revenues rose 14% year over year to $3.6 billion, driven by higher cross-border volumes [6] - Other revenues reached $1 billion, climbing 32% year over year [6] Operating Expenses - Adjusted operating expenses increased 13% year over year to $3.3 billion, primarily due to higher marketing and administrative costs [7] - Interest expenses significantly decreased by 80.1% year over year to $39 million [7] Balance Sheet Highlights - As of June 30, 2025, Visa had cash and cash equivalents of $17.1 billion, up from $12 billion at the end of fiscal 2024 [8] - Total assets increased to $100 billion from $94.5 billion at the end of fiscal 2024 [8] - Long-term debt decreased to $19.6 billion from $20.8 billion as of September 30, 2024 [8] Cash Flow and Capital Deployment - Visa generated net cash from operations of $6.7 billion, a 31.1% year-over-year increase, with free cash flows at $6.3 billion, up 33.3% [10] - The company returned $6 billion to shareholders through share buybacks and dividends, with $29.8 billion remaining under its repurchase program [11] Future Outlook - For Q4 FY25, Visa anticipates high-single-digit to low-double-digit growth in net revenues and low double-digit growth in operating expenses [12] - EPS is expected to grow in the upper-mid to high-single digits [12] - For fiscal 2025, management projects low double-digit growth in net revenues and operating expenses, with EPS growth in the low teens [13]

J Sainsbury, the supermarket chain, was on Wednesday racing to resolve an issue with the card payments giant Visa which was impacting customers' ability to pay for their online grocery orders. Sky News understands that Sainsbury's is working with Visa to address the issue after a number of shoppers reported that their card payments had failed. The retailer ruled out the possibility of a cyberattack and said its website and app were functioning normally, with no direct impact on customers. Money latest: The ...