Key Takeaways:
- EPS in-line with expectations
- Revenue missed by 0.2%
- Total revenue: $8.9B, up 9.9% YoY,
- Shares down 1% post-earnings
- Global payments volume grew 7% YoY in constant dollars
- Cross-border volume excluding intra-Europe increased 14% YoY in constant dollars
- Processed transactions grew 10% YoY
- Value-added services revenue grew 23% YoY in constant dollars to $2.2B
- New flows revenue grew 18% YoY in constant dollars, with Visa Direct transactions up 41%
Forward-Looking Statements and Insights:
Ryan McInerney, CEO: “We are very optimistic about the positive impact that generative AI can have, not just on our own productivity, but on our ability to help drive increased sales and lower fraud across the ecosystem.”
Chris Suh, CFO: “We do anticipate in Q4 that we’ll continue to see slight improvement sequentially again. The one watch out I’ll call out is the fuel prices could impact that trajectory and so, we’ll watch that closely.”
