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Visa (V) and Wealthsimple said Tuesday they are working together on a stablecoin settlement pilot program in Canada.Wealthsimple can now satisfy certain settlement obligations with Visa Canada in USD Coin through the pilot program, they said.Price: $322.20, Change: $-4.65, Percent Change: -1.42%
Visa Canada Partners With Wealthsimple on Stablecoin Settlement Pilot Program in Canada
Electronic Arts (EA) said Monday it has agreed to a global, multi-year collaboration with Visa (V) for branded experiences across EA SPORTS franchises such as EA SPORTS FC and EA SPORTS College Football.Financial details of the partnership were not disclosed.Under the collaboration, players globally can earn in-game rewards and participate in a branded Visa Objective in EA SPORTS FC 26, including Squad Building Challenges and a branded Visa Live Game Mode, the company said.In EA SPORTS College Football, players can participate in Visa-themed College Ultimate Team challenges, featuring curated objectives, lineup-building moments, and limited-time events, to earn in-game rewards, Electronic Arts added.Price: $202.13, Change: $+0.03, Percent Change: +0.02%
Ryan McInerney, Director, Chief Executive Officer, on April 29, 2026, sold 31,455 shares in Visa (V) for $10,699,204. Following the Form 4 filing with the SEC, McInerney has control over a total of 280,342 Class A common shares of the company, with 15,174 shares held directly and 265,168 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1403161/000140316126000081/xslF345X05/form4.xml
Mastercard's (MA) first-quarter results outpaced Wall Street's estimates, though the payments giant said that the Middle East conflict was impacting spending on cross-border travel.Adjusted earnings rose to $4.60 a share for the three months through March from $3.73 a year earlier, topping the FactSet-polled consensus of $4.41. Revenue climbed 16% to $8.40 billion, ahead of the Street's view for $8.26 billion.Cross-border volume increased 13%, marking a slowdown from a 14% jump in the fourth quarter, according to an investor presentation.While travel and non-travel spending gained in the first quarter, the company experienced "some impact on cross-border travel" from the Iran war in March, Chief Financial Officer Sachin Mehra said during an earnings call, according to a FactSet transcript.Cross-border volume for the month of April through Tuesday grew 9% year-over-year, making a further deceleration compared with the first quarter's tally."We are operating in a period of heightened uncertainty, magnified by the ongoing conflict in the Middle East," Mehra told analysts. "Since the outbreak of the conflict at the end of February, we have seen restrictions on travel and a reduction in the world's energy supply."The stock fell 3.7% in Thursday trade, and is down 11% year to date.Gross dollar volume jumped 7.3% in local currency terms to $2.703 trillion in the first quarter.For the second quarter, Mastercard expects annual revenue growth at the low end of low double digits, on an adjusted basis, according to the slide deck. The Street is looking for $9.11 billion in sales."We assume the conflict ends in (the second quarter) and the related headwinds will be largest in (the second quarter), and then progressively recover as we move through the second half of the year," Mehra told analysts.Mastercard maintained its non-GAAP 2026 revenue growth outlook that assumes the company finishing the year at the high end of low double digits, the presentation showed. The market view is for revenue of $37 billion.Visa (V) lifted its full-year growth outlook on Tuesday and logged better-than-expected fiscal second-quarter results.Price: $507.29, Change: $-17.94, Percent Change: -3.42%
US equities closed mixed Wednesday after the Federal Reserve kept interest rates steady at the end of what was likely Jerome Powell's last policy meeting as central bank chief.The Dow Jones Industrial Average fell 0.6% to 48,861.8, while the Nasdaq Composite and the S&P 500 were little changed at 24,673.2 and 7,136, respectively. Most sectors ended in the red, led by utilities, while energy paced the gainers.The central bank's Federal Open Market Committee left its policy rate unchanged as policymakers saw the Middle East conflict fueling uncertainty around the US economic outlook.In a post-meeting press conference, Powell said he will stay on as a Fed governor for an indefinite period after his term as Fed chief expires on May 15. Earlier in the day, the US Senate Banking Committee voted to advance Kevin Warsh's nomination as Fed chair to the Republican-controlled Senate.Fed Governor Stephen Miran dissented from the majority at the meeting, preferring to reduce rates by a quarter percentage point, the FOMC said. Cleveland Fed President Beth Hammack, Minneapolis Fed President Neel Kashkari and Dallas Fed President Lorie Logan supported the policy decision, but opposed including an easing bias in the statement.There were only minor changes to the policy statement, but overall sentiment "leaned slightly hawkish, with several participants voting against maintaining the current easing bias," TD Economics said in a report."It seems very unlikely that a Warsh Fed will quickly pivot to lowering interest rates," TD Senior Economist Thomas Feltmate said in a note. "Decisions are made by a majority vote, and it's becoming clear that many participants are reluctant to take rates any lower amid a resilient economy and still elevated inflationary pressures."Oil prices surged after President Donald Trump reportedly rejected an Iranian proposal to lift a US naval blockade. Brent crude was last up 7.5% at $119.62 per barrel, while West Texas Intermediate crude jumped 7.8% to $107.70.Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.In a social media post on Wednesday, Trump said Iran "better get smart soon.""Crude oil has resumed its war-driven rally, with Brent rising almost non-stop since a brief mid-month tumble to ($86 per barrel), when hopes for a peace deal and a short-lived reopening of the Strait of Hormuz triggered a sharp but temporary correction," Saxo Bank Head of Commodity Strategy Ole Hansen said in a report Wednesday.US Treasury yields were higher, with the 10-year rate up 6.4 basis points at 4.42% and the two-year rate rising 9.1 basis points to 3.94%.In company news, Visa (V) shares jumped 8.3%, the biggest gain on the Dow, after the payments giant lifted its full-year growth outlook and reported better-than-expected fiscal second-quarter results.NXP Semiconductors (NXPI) shares surged nearly 26%, the best performer on the S&P 500, after the company reported fiscal first-quarter results late Tuesday.Brown-Forman (BF.A, BF.B) class B shares slumped 10%, among the steepest declines on the S&P 500. The company said late Tuesday that it and Pernod Ricard terminated discussions regarding a potential business combination.Gold fell 1% at $4,560.50 per troy ounce, while silver dropped 1.5% to $72.14 per ounce.
Financial stocks were mixed in late Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.1%.The Philadelphia Housing Index was falling 1.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.9%.Bitcoin (BTC-USD) was declining 1.4% to $75,268.8, and the yield for 10-year US Treasuries rose 6.2 basis points to 4.42%.In economic news, the Federal Open Market Committee maintained its federal funds rate target at 3.50% to 3.75%, as expected, but four officials dissented, its statement Wednesday afternoon showed.Federal Reserve Chair Jerome Powell said Wednesday at a press conference that he will remain on the Federal Reserve board for a period of time after his term as chair ends on May 15, noting the recent attacks on the Fed and saying that "the things that have happened really in the last three months I think left me no choice but to stay until I see them through at least that long."In corporate news, Blackstone (BX) is planning to integrate its growth business into a new West Coast-based unit that will focus on its AI portfolio and high-growth tech bets, Bloomberg reported, citing an internal company note. Blackstone shares were down 1.6%.PayPal (PYPL) Chief Executive Enrique Lores told managers this week that he is reorganizing the company to make Venmo its own standalone segment within PayPal, CNBC reported. PayPal shares rose 2.6%.Robinhood (HOOD) shares fell past 13% after it reported Q1 earnings and revenue that missed analysts' expectations.Visa (V) shares jumped more than 8% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.
Visa's (V) net revenue growth is set to accelerate, driven by pricing actions, value-added services expansion, cross-border strength and Visa Direct, UBS Securities said in a note Wednesday.With updated guidance pointing to low-double-digit to low-teens net revenue growth, Visa appears positioned to accelerate from about 11.5% last year to nearly 13% on an organic foreign exchange-neutral basis.UBS said the strength reflects a combination of structural drivers, including expanding value-added services, ongoing pricing initiatives across multiple programs, resilient cross-border activity and steady growth in Visa Direct, which contributes about 8% to 9% of payment volumes.The firm said Visa also remains well-positioned for both transaction and yield enhancement in areas such as agentic commerce, including tokenization and authentication services, as well as emerging opportunities in stablecoins and new payment flows.The brokerage also highlighted a migration of Wells Fargo (WFC) to Pismo's core account ledger over the coming years as part of the bank's core modernization efforts, describing it as a notable incremental win for Visa's platform strategy.UBS has a buy rating on Visa and raised the price target to $410 from $390.Shares of Visa rose 9% in Wednesday afternoon trading.Price: $336.94, Change: $+27.64, Percent Change: +8.94%
Financial stocks edged down in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.4%.Bitcoin (BTC-USD) was declining 0.5% to $75,931, and the yield for 10-year US Treasuries rose 4.8 basis points to 4.40%.In sector news, the US Senate Banking Committee on Wednesday voted 13-11 to advance Kevin Warsh's nomination as the next chair of the Federal Reserve, according to media reports. Warsh is on track to be confirmed by the full Senate before current Fed Chair Jerome Powell's term ends on May 15, the reports said.In corporate news, Robinhood (HOOD) shares fell past 13% after it reported Q1 earnings and revenue that missed analysts' expectations.Visa (V) shares jumped nearly 9% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.OppFi (OPFI) shares rose 1.8% after it has agreed to acquire BNCCORP and its wholly owned unit BNC National Bank in a cash-and-stock deal valued at about $130 million.
US benchmark equity indexes were lower intraday ahead of the Federal Reserve's monetary policy decision.The Dow Jones Industrial Average was down 0.6% at 48,825.5 after midday, while the Nasdaq Composite lost 0.4% to 24,560.8. The S&P 500 fell 0.3% to 7,117. Barring energy, all sectors were in the red, led by industrials.Markets widely expect the US central bank's policy committee to keep its benchmark lending rate unchanged for a third consecutive meeting. Fed Chair Jerome Powell will hold a press conference at 2:30 pm ET.Ahead of the rate decision, the US Senate Banking Committee voted Wednesday to advance Kevin Warsh's nomination as Fed chair to the Republican-controlled Senate.Warsh is President Donald Trump's pick to replace Powell, whose term as Fed chief expires on May 15. Trump has repeatedly criticized Powell for the central bank's cautious view on lowering interest rates.Today's monetary policy meeting could be Powell's last as Fed chief should the full Senate confirm Warsh in the week of May 11. Powell's term on the Fed's Board of Governors runs through January 2028, though its unclear if he would exit the Fed or decide to stay on.Oil prices surged Wednesday after Trump reportedly rejected an Iranian proposal to lift the naval blockade. Brent crude was up 7.1% at $119.20 per barrel, while West Texas Intermediate crude jumped 6.9% to $106.79.Trump told Axios on Wednesday he will maintain the US naval blockade of Iranian ports until Tehran agrees to a nuclear deal. Iran wanted the Strait of Hormuz opened before the two sides could sit down to discuss uranium enrichment at a later stage.In a social media post on Wednesday, Trump said Iran "better get smart soon.""Crude oil has resumed its war-driven rally, with Brent rising almost non-stop since a brief mid-month tumble to ($86 per barrel), when hopes for a peace deal and a short-lived reopening of the Strait of Hormuz triggered a sharp but temporary correction," Saxo Bank Head of Commodity Strategy Ole Hansen said in a report Wednesday.US Treasury yields were higher intraday, with the 10-year rate up 5.3 basis points at 4.41% and the two-year rate rising 6.4 basis points to 3.91%.Magnificent 7 companies Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META) are scheduled to release quarterly results after the markets close.In company news, Visa (V) shares were up 9.1% intraday, the biggest gain on the Dow, after the payments giant lifted its full-year growth outlook and reported better-than-expected fiscal second-quarter results.Wingstop (WING) reduced its 2026 domestic same-store sales outlook as the restaurant chain reported weaker-than expected first quarter revenue. The stock was down 4.1% intraday.Gold fell 1% at $4,563.80 per troy ounce, while silver dropped 1.5% to $72.13 per ounce.
Financial stocks edged down in Wednesday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) fractionally lower.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.4%.Bitcoin (BTC-USD) was declining 0.5% to $75,931, and the yield for 10-year US Treasuries rose 4.8 basis points to 4.40%.In corporate news, Visa (V) shares jumped nearly 9% after it lifted its full-year growth outlook and reported better-than-expected fiscal Q2 results.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $20 to $440, valuing shares at 29.5x our FY 27 (Sep.) EPS, a modest premium to Visa's five-year historical average of 29.1x. We increase our FY 26 EPS estimate to $13.21 from $12.95 and raise FY 27's to $14.94 from $14.66. AI is benefiting Visa more than disrupting it. Value-added services continue their strong momentum, growing 27% in the March quarter, significantly faster than overall revenue growth of 17%. Additionally, cross-border volumes have held steady despite geopolitical tensions in Iran, while payments volume is accelerating. Competitive dynamics are also improving. Revenue growth has outpaced client incentive growth in three of the past four quarters, reversing the previous five years, when client incentives consistently grew faster than revenues. Looking ahead, Visa's positioning as a leader in agentic commerce suggests continued strength, led by rising transaction counts and expanding value-added service adoption.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We increase our 12-month target price by $20 to $440, valuing shares at 29.5x our FY 27 (Sep.) EPS, a modest premium to Visa's five-year historical average of 29.1x. We increase our FY 26 EPS estimate to $13.21 from $12.95 and raise FY 27's to $14.94 from $14.66. AI is benefiting Visa more than disrupting it. Value-added services continue their strong momentum, growing 27% in the March quarter, significantly faster than overall revenue growth of 17%. Additionally, cross-border volumes have held steady despite geopolitical tensions in Iran, while payments volume is accelerating. Competitive dynamics are also improving. Revenue growth has outpaced client incentive growth in three of the past four quarters, reversing the previous five years, when client incentives consistently grew faster than revenues. Looking ahead, Visa's positioning as a leader in agentic commerce suggests continued strength, led by rising transaction counts and expanding value-added service adoption.
The Dow Jones Industrial Average and the S&P 500 Index were down, while the Nasdaq Composite was roughly flat in late-morning trading Wednesday amid an ongoing blockade of Iranian ports by the US and ahead of the Federal Reserve's decision on interest rates in the afternoon.The US Senate Banking Committee on Wednesday voted 13-11 to advance Kevin Warsh's nomination as the next Fed chair, according to media reports.In company news, Visa (V) reported fiscal Q2 adjusted earnings late Tuesday of $3.31 per diluted share, up from $2.76 a year earlier and above the FactSet consensus analyst estimate of $3.10. Fiscal Q2 revenue was $11.23 billion, up from $9.59 billion a year ago and above the FactSet consensus of $10.75 billion. Visa said its board authorized a new $20 billion multi-year share buyback program in April. The company also said it has expanded its Agentic Ready program to clients in the Asia Pacific and Latin America regions to prepare the payment sector for AI agent-led commerce. Visa shares were up 8.6% around midday.Robinhood Markets (HOOD) reported Q1 earnings late Tuesday of $0.38 per diluted share, up from $0.37 a year earlier but below the FactSet consensus of $0.39. First-quarter revenue was $1.07 billion, up from $927 million a year earlier but below the FactSet consensus of $1.14 billion. The company said its board updated its share buyback authorization to $1.5 billion in March. Robinhood shares were down 13.3%.KalVista Pharmaceuticals (KALV) and Chiesi Group said Wednesday they have entered into a definitive agreement through which Chiesi will acquire KalVista for $27 per share in cash, or about $1.9 billion. The deal is expected to close in Q3, they said. KalVista shares were up 38.9%.NXP Semiconductors (NXPI) reported Q1 non-GAAP earnings late Tuesday of $3.05 per diluted share, up from $2.64 a year earlier and above the FactSet consensus of $2.98. First-quarter revenue was 43.18 billion, up from $2.84 billion a year ago and above the FactSet consensus of $3.16 billion. For Q2, the company said it expects non-GAAP EPS of $3.29 to $3.72 on revenue of $3.35 billion to $3.55 billion. Analysts polled by FactSet expect $3.21 and $3.28 billion, respectively. NXP shares were up 23.7%.Seagate Technology (STX) reported fiscal Q3 non-GAAP earnings late Tuesday of $4.10 per diluted share, up from $1.90 a year earlier and above the FactSet consensus of $3.51. Fiscal Q3 revenue was $3.11 billion, up from $2.16 billion a year ago and above the FactSet consensus of $2.96 billion. For fiscal Q4, the company said it expects non-GAAP EPS of $5.00, plus or minus $0.20, above the FactSet consensus of $3.99. Fiscal Q4 revenue is expected to be $3.45 billion, plus or minus $100 million, above the FactSet consensus of $3.16 billion. Seagate shares were up 14.2%.Price: $336.58, Change: $+27.28, Percent Change: +8.82%
Visa (V) said Wednesday it has expanded its Agentic Ready program to clients in the Asia Pacific and Latin America regions to prepare the payment sector for AI agent-led commerce.The initiative allows issuing banks and payment partners to test agent-initiated payments in controlled, real-world environments and validate processes including card enrollment, tokenization, authentication and transaction authorization, the company said.Participants can also evaluate trust, security and control mechanisms and identify operational readiness gaps before agent-led transactions scale broadly, Visa said.Visa said the program was first launched with banks and issuing partners across Europe, including the UK.Shares of the company were up about 8.4% in Wednesday trading.Price: $338.35, Change: $+29.05, Percent Change: +9.39%
Visa (V) has an average rating of buy and mean price target of $397.73, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $335.28, Change: $+25.98, Percent Change: +8.40%
US equity futures were largely flat pre-bell Wednesday as traders anticipated the financial results from four of the "Magnificent Seven" and the Federal Reserve's latest policy announcement.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were down 0.1% and Nasdaq futures were 0.2% higher.Slated to report quarterly earnings after-market today are Alphabet (GOOG, GOOGL), Microsoft (MSFT), Amazon (AMZN), and Meta Platforms (META), among others.The Federal Open Market Committee is widely expected to maintain the target range for its federal funds rate at 3.50% to 3.75% at its meeting today. Federal Reserve Chairman Jerome Powell is due to leave his post before the next committee meeting in June but has said he will remain until his named replacement, Kevin Warsh, is confirmed.The committee's statement following the meeting is due for release at 2 pm ET, with Fed Chair Powell's press conference scheduled to begin at 2:30 pm ET.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 3.8% at $108.34 per barrel and US West Texas Intermediate crude 4% higher at $103.93 per barrel.Durable goods new orders rose 0.8% in March after a 1.2% decrease in the prior month, compared with expectations for a 0.5% gain in a survey of analysts compiled by Bloomberg.Housing starts rose to an annual rate of 1.502 million in March, exceeding expectations for 1.38 million and above the 1.356 million pace in the prior month.The US advance international trade in goods deficit widened to $87.87 billion in March from $83.49 billion in the previous month, compared with expectations for $88 billion.In other world markets, Japan's Nikkei closed 1% lower, Hong Kong's Hang Seng ended 1.7% higher, and China's Shanghai Composite finished 0.7% higher. Meanwhile, the UK's FTSE 100 was down 1%, and Germany's DAX index was flat in Europe's early afternoon session.In equities, Seagate Technology (STX) shares were up 16% after the company posted fiscal Q3 non-GAAP earnings and revenue that beat analysts' estimates, in addition to issuing a better-than-expected fiscal Q4 outlook. NXP Semiconductors (NXPI) stock was up 21% after the company reported fiscal Q1 non-GAAP earnings and revenue that surpassed analysts' consensus and also setting higher-than-expected fiscal Q2 guidance. Visa (V) shares were up 5.7% after the company posted a fiscal Q2 adjusted earnings and revenue beat.On the losing side, Robinhood Markets (HOOD) shares dropped 12% after the company reported Q1 earnings and revenue that fell short of analysts' consensus. Booking (BKNG) and Deutsche Bank (DB) saw their stock decline 4.8% and 3.1%, respectively, despite posting higher Q1 adjusted earnings and revenue.
Visa (V) shares rose early Wednesday after the payments giant lifted its full-year growth outlook and reported better-than-expected fiscal second-quarter results.The company now anticipates per-share adjusted earnings to increase by low-teens and adjusted revenue to rise by low-double-digit to low-teens, each on constant-dollar bases, for fiscal 2026, it said in a late Tuesday earnings presentation. It previously estimated both metrics to grow by low-double-digits, respectively.The current consensus on FactSet is for non-GAAP EPS of $12.98 and sales of $45.05 billion for the fiscal year. The stock advanced 4.5% in the most recent premarket activity.The increased revenue growth guidance reflects the company's "strong year-to-date performance" and current assumptions on "drivers, incentives, volatility and expected higher value-added services revenue growth, which incorporates the increased enthusiasm from our clients for the upcoming FIFA World Cup," Chief Financial Officer Christopher Suh said during an earnings call, according to a FactSet transcript.Visa continues to expect broader consumer spend stability from a macro perspective, although the conflict in the Middle East has introduced uncertainty in the short term, especially related to cross-border travel spend in the Central and Eastern Europe, Middle East and Africa region, according to Suh.The company forecasts improvements in inbound travel in the US and Latin America due to the 2026 FIFA World Cup, Suh told analysts.For the three-month period ended March, adjusted EPS increased to $3.31 from $2.76 a year earlier, ahead of the Street's view for $3.10. Revenue rose 17% to $11.23 billion, topping the average analyst estimate of $10.75 billion. On a constant-dollar basis, revenue advanced 16% on a yearly basis."Consumer spending remained resilient, and our strategy and innovations fueled strong performance in consumer payments, commercial and money movement solutions and value-added services," Chief Executive Ryan McInerney said in a statement.Visa's cross-border volume, excluding transactions within Europe, rose 11% on a constant-dollar basis. Payments volume grew 9% year over year in constant dollars, with the US logging a gain of 8%, according to Suh. Payments volume moved 10% higher in international markets, Suh said on the call.Service revenue increased 13% to $4.98 billion while data processing revenue jumped 18% to $5.54 billion. International transaction revenue inclined 10% to $3.63 billion. Other revenue soared 41%, primarily driven by growth in advisory and other value-added services, especially marketing services revenue, as well as pricing, Suh told analysts.For the ongoing three-month period, Visa expects adjusted EPS and net revenue to grow by mid-to-high single digits and by low double digits, respectively, in constant dollar terms. The Street is looking for non-GAAP EPS of $3.20 and sales of $11.24 billion.
(Updates with share repurchase and dividend information in the last two paragraphs.)Visa (V) reported fiscal Q2 adjusted earnings late Tuesday of $3.31 per diluted share, up from $2.76 a year earlier.Analysts polled by FactSet expected $3.10.Revenue for the three months ended March 31 was $11.23 billion, up from $9.59 billion a year earlier.Analysts polled by FactSet expected $10.75 billion.In April, the company's board authorized a new $20 billion multi-year share repurchase program, it said.Visa also maintained its quarterly dividend at $0.67 per share, payable June 1 to holders on record as of May 12.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:Visa posted excellent Mar-Q results with adj. EPS of $3.31 vs. $2.76 a year ago, beating consensus by $0.21. Revenue of $11.2B rose 17% Y/Y, beating consensus by 4% and marking the strongest growth since 2022. We view this as an excellent result, as concerns surrounding AI disruption or geopolitical uncertainty did not manifest in Visa's performance. Adjusted operating margin held firm at 68.0%, a good result given prior guidance indicated likely margin compression. Strong performance was broad based with data processing revenue up 18% to $5.5B and other revenue surging 41% to $1.3B, reflecting successful expansion in value-added services. Cross-border volume excluding intra-Europe advanced 11% on a constant currency (CC) basis while payments volume grew 9%. Geographic strength was led by LAC (+14% CC), CEMEA (+13% CC), and Europe (+11% CC), with encouraging acceleration in the U.S. to 8%. We applaud the board's authorization of a new $20B multi-year share repurchase program given Visa's muted valuation.
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