Latest news with #RyanMcInerney
Yahoo
3 hours ago
- Business
- Yahoo
Visa reports surprising earnings, eyes stablecoins
Visa reports surprising earnings, eyes stablecoins originally appeared on TheStreet. Visa is closing in on its 52-week high, and now we know why. The payments giant reported third-quarter earnings on Tuesday after the bell, posting adjusted earnings per share of $2.98 — beating analyst expectations of $2.83. That's a 23% jump from the same period last year, when earnings stood at $2.42 per share. Revenue also surged to $10.17 billion, topping the $9.82 billion forecast and marking a 14% year-over-year increase from $8.9 billion. The jump came on the back of strong growth in payments volume (up 8%), cross-border volume (up 12%), and processed transactions (up 10%).'Visa delivered another strong quarter, with 14% net revenue growth, 12% GAAP EPS growth and 23% non-GAAP EPS growth,' said CEO Ryan McInerney in a statement. 'Healthy business driver trends continued through the quarter and into the first few weeks of July.' McInerney credited ongoing consumer strength in both discretionary and non-discretionary spending for the strong numbers and emphasized Visa's focus on what comes next. 'Looking ahead, our continued focus on innovation and product development in dynamic areas like AI and stablecoins is helping to shape the future of commerce while delivering sustainable, long-term value for our shareholders,' he added. That mention of stablecoins — arguably one of the hottest trends in payments innovation — signals that Visa is keeping close tabs on how digital assets could reshape global commerce. While McInerney didn't specify any new initiatives, his remark adds to previous efforts by Visa to explore stablecoin settlement on blockchains like Solana and Ethereum. This month, the GENIUS Act was officially passed, marking a major milestone in U.S. digital asset regulation by providing federal recognition and legal clarity for stablecoins. Visa stock was down 1.1% in after-hours trading at $346.44 at the time of writing, but the market may still be digesting the news — and especially the implications of where Visa is placing its next big bets. Visa reports surprising earnings, eyes stablecoins first appeared on TheStreet on Jul 29, 2025 This story was originally reported by TheStreet on Jul 29, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
Visa's Earnings Topped Expectations. Its CEO Says the Credit Giant Is Exploring Stablecoins
Visa (V) reported fiscal third-quarter earnings that topped analysts' expectations, as the company's chief executive said it is working on developing AI and stablecoin products. The credit titan delivered revenue of $10.17 billion, up 14% year-over-year and above the analyst consensus from Visible Alpha. Adjusted earnings rose to $5.83 billon, or $2.98 per share, from $4.91 billion, or $2.42 per share a year earlier, also exceeding estimates. Visa's payments volume increased 8% and its processed transactions grew 10%. CEO Ryan McInerney said the results showed consumer spending "remains resilient." McInerney also said Visa will continue to "focus on innovation and product development in dynamic areas like AI and stablecoins," amid some worries stablecoins could negatively impact traditional payment networks. Stablecoins are cryptocurrencies with a value pegged to another currency or financial asset, such as the U.S. dollar. The recently enacted GENIUS Act established a regulatory framework for private companies to issue stablecoins, potentially opening the door for merchants to bypass card-based payment systems offed by Visa and other payments providers. Visa shares declined close to 3% in after-hours trading. The stock was up about 11% for 2025 through Tuesday's close. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
19-07-2025
- Business
- Yahoo
Visa (V) Strengthens Value-Added Services With FIS Partnership Expansion
Visa Inc. (NYSE:V) ranks among the . Fidelity National Information Services (FIS) and Visa Inc. (NYSE:V) announced on June 30 that they were extending their partnership to offer new value-added services to financial institutions. This move aims to level the playing field for smaller regional and community banks that compete with larger banks. This collaboration aligns with Visa Inc. (NYSE:V) CEO Ryan McInerney's remarks, who said on a January earnings call that the network behemoth is leveraging its value-added offering to strengthen customer relationships and offer a wider range of services to clients. In a similar vein, Andrew Torre was named president of value-added services by Visa Inc. (NYSE:V) earlier in June. According to the press statement announcing Torre's appointment, Visa's value-added services division, which grew by 20% annually since 2021, has grown to a $9 billion global business. Visa Inc. (NYSE:V) is a global payments technology company that operates one of the world's largest electronic payment networks. While we acknowledge the potential of V as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None.
Yahoo
01-07-2025
- Business
- Yahoo
Visa, FIS boost value-added card services
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Visa and Fidelity National Information Services (FIS) have expanded their partnership to provide new value-added services to financial institutions in a bid to level the playing field for smaller regional and community banks competing with bigger banks, the payment giants said Thursday in a press release. Among the credit and debit card issuing services that Visa and FIS are offering to financial institutions are a digital campaign manager for their marketing teams; a branded digital wallet link; and e-commerce fraud mitigation. Visa and FIS are also providing the bank card issuers with stop payment services so cardholders and call centers can stop recurring payments to merchants, the release said. With the new services, Visa and FIS aim to give regional and community banks access to more services that let them increase their card issuer revenue, reduce fraud losses and keep customers, according to the press release. Visa, the biggest U.S. card network, and its rival Masterard are both leaning further into value-added services. In January, Visa CEO Ryan McInerney said during an earnings call that the network giant uses its value-added offering to deepen client relationships and sell customers a broader array of services. The company argues the strategy also results in better sales for banking clients. 'Our collaboration with FIS is making it easier for financial institutions of all sizes to compete more effectively by offering solutions that drive growth and enhance customer retention,' Kathleen Pierce-Gilmore, global head of Visa's issuing solutions, said in the statement. 'We partner to provide banks with more accessible tools from fraud prevention to cutting-edge digital experiences for their customers.' Earlier this month, Visa appointed Andrew Torre as president of value-added services, replacing Antony Cahill, who became the San Francisco-based company's CEO of European operations. Visa's value-added services business logged annualized revenue growth of 20% in the years since 2021, ballooning into a $9 billion global business, according to the release announcing Torre's appointment. Meanwhile, value added services have also been a driver of growth for Mastercard. The company's first-quarter value-added services revenue jumped 16% over the year-earlier period, according to a May earnings release. Beyond its Visa collaboration, FIS made two acquisitions this year to bolster its services aimed at banks and chief financial officers. In February, the company confirmed its purchase of digital corporate banking services company Dragonfly and supply chain finance software provider Demica. The acquisitions will support the company's payments, anti-fraud, treasury and supply chain management offerings. Fraud prevention tools have become critical for payments providers and financial institutions as they combat fraud losses, and prepare for an increase in threats. Fraud losses in card payments will keep rising over the next decade, culminating in $403.88 billion of losses worldwide over the next ten years, industry research firm Nilson Report predicted in a January. Recommended Reading Cash-strapped consumers turn to BNPL: Fed survey
Yahoo
28-06-2025
- Business
- Yahoo
Jim Cramer on Visa: 'You'd Be Nuts to Be In This Frankly'
Visa Inc. (NYSE:V) is one of the 14 stocks Jim Cramer recently shared insights on. The company was mentioned during the episode when Cramer said: 'Over the past couple of weeks, Visa and MasterCard, two of my favorite companies, have pulled back sharply from their all-time highs. Wall Street's suddenly worried about the whole payments industry, might be threatened by advances in crypto, especially now that Congress looks like it'll pass its GENIUS Act, which establishes a framework for regulating Stablecoins. Visa fell over 10% from its high, set on June 11, to its low last Friday… This morning I spoke with Visa CEO, Ryan McInerney, and Ryan told me, I think, a story which made me feel like that, that you'd be nuts to be in this, frankly.' A close-up of a modern payments terminal with a pile of credit cards on the side. Visa (NYSE:V) is a payment technology company that provides transaction processing, credit, debit, and prepaid card products. The company provides offerings like cross-border payment solutions, fraud prevention tools, digital services, and payment integration for e-commerce platforms. While we acknowledge the potential of V as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
