Overview
Digital payments giant's fiscal Q1 revenue rose 15%, beating analysts' expectations
Adjusted EPS for fiscal Q1 beat consensus, rising 15% yr/yr
Company repurchased approximately 11 mln shares for $3.8 bln
Outlook
Visa did not provide specific financial guidance for future quarters
Result Drivers
PAYMENTS VOLUME - Growth in payments volume contributed to revenue increase
CROSS-BORDER TRANSACTIONS - Cross-border volume excluding intra-Europe rose 11%, aiding revenue growth
CONSUMER SPENDING - Resilient consumer spending and a strong holiday season supported earnings growth
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Beat | $10.90 bln | $10.69 bln (25 Analysts) |
Q1 Adjusted EPS | Beat | $3.17 | $3.14 (26 Analysts) |
Q1 Adjusted Net Income | Slight Beat* | $6.10 bln | $6.08 bln (21 Analysts) |
Q1 Net Income | $5.90 bln |
*Applies to a deviation of less than 1%; not applicable for per-share numbers.
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 37 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Visa Inc is $404.00, about 23.6% above its January 28 closing price of $326.98
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 27 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)