Added to YB: 2026-08-27
Pitch date: 2026-08-20
V [neutral]
Visa Inc.
+4.36%
current return
Author Info
Bob’s Payment Stock Substack is a former analyst and portfolio manager. Fundamental buy-and-hold investor. Talking stocks and markets. Focus on Payments, Financial Technology, and Payroll and HCM. Sign up for the newsletter.
Company Info
Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.
Market Cap
$702.0B
Pitch Price
$367.87
Price Target
N/A
Dividend
0.70%
EV/EBITDA
22.77
P/E
32.55
EV/Sales
16.02
Sector
Financial Services
Category
growth
Payments and FinTech Earnings Recap: Q2 2026 - Visa Inc.
V (earnings): FQ3 organic net rev +12% (13% FYTD), decel 3pts vs March on higher client incentives/tougher FX-vol comp; FY26 organic outlook raised to low-end of low-teens despite bigger FX headwind. VAS +34% FXN (~high-20s organic), now ~1/3 of net rev. US payment volume strongest since FY19 ex-pandemic, broad-based, though partly one-off (World Cup, Prime Day shift, gas); constructive underlying spend — positive given V's larger US mix vs MA. Watch: ex-VAS network rev only +5-6% FXN; marketing/advisory (likely lowest-margin) boosted by Olympics/World Cup, tough FY27 comp. Pismo+debit push targets SMB banks/fintechs (JKHY, MQ). NTM P/E >25x, ~2pts below LT avg; author says fair.
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