Visa Posts Strong Earnings Amid Consumer Spending Resilience, Yet Shares Dip
Visa's fiscal first-quarter results surpassed analyst expectations, with adjusted earnings reaching $3.17 per share and revenue hitting $10.9 billion. The 15% year-over-year growth was fueled by robust holiday spending, particularly among higher-income households, as payment volumes ROSE 8% and cross-border transactions jumped 12%.
Despite the beat, shares fell 1.9%, extending a 5.4% year-to-date decline. The market's muted reaction contrasts with the S&P 500's 1.4% gain, suggesting investor concerns about future growth prospects despite Visa's low double-digit revenue guidance for fiscal 2026.