{"id":237278,"date":"2021-04-28T03:09:00","date_gmt":"2021-04-28T00:09:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/visa-stock-gains-after-earnings-beat-return-to-growth-for-credit-transactions\/"},"modified":"2021-04-28T03:09:00","modified_gmt":"2021-04-28T00:09:00","slug":"visa-stock-gains-after-earnings-beat-return-to-growth-for-credit-transactions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/visa-stock-gains-after-earnings-beat-return-to-growth-for-credit-transactions\/","title":{"rendered":"#\n  Visa stock gains after earnings beat, return to growth for credit transactions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a4e6e0dc78a7\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a4e6e0dc78a7\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/visa-stock-gains-after-earnings-beat-return-to-growth-for-credit-transactions\/#Company_says_e-commerce_is_still_holding_strong_even_as_in-person_spending_rebounds\" >Company says e-commerce is still holding strong even as in-person spending rebounds<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/visa-stock-gains-after-earnings-beat-return-to-growth-for-credit-transactions\/#Emily_Bary\" >Emily Bary<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Visa stock gains after earnings beat, return to growth for credit transactions<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Company_says_e-commerce_is_still_holding_strong_even_as_in-person_spending_rebounds\"><\/span>\n  Company says e-commerce is still holding strong even as in-person spending rebounds<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div class=\"cx--next\">\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000247894\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Shares of Visa Inc. were up more than 1% in after-hours trading Wednesday after its latest earnings showed some recovery in spending amid the pandemic. <\/p>\n<p> The payments company posted fiscal second-quarter net income of $3.0 billion, or $1.38 a share, compared with $3.1 billion, or $1.38 a share, a year earlier. On an adjusted basis, Visa<br \/>\n        V,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203660239\/composite\" class=\"negative\">-0.19%<\/bg-quote><br \/>\n       also earned $1.38 a share, down from $1.39 a share a year prior. The FactSet consensus was for $1.27 a share in both GAAP and adjusted earnings.<\/p>\n<div class=\"paywall\">\n       Visa\u2019s revenue for the quarter dropped to $5.73 billion from $5.85 billion a year prior, while analysts tracked by FactSet were modeling $5.56 billion. <\/p>\n<p>While the headline financials were down relative to a year earlier, Visa saw payments volume grow 11% in the March quarter, with processed transactions rising 8%. Volume from cross-border transactions, or those made between parties from different countries, dropped 11% in the quarter, or 21% when excluding transactions within Europe. <\/p>\n<p>Visa disclosed that fiscal second-quarter payment volume and processed transactions were up 16% compared to the same period in 2019, a data point that the company offered to provide cleaner comparisons to pre-pandemic levels, since part of last year\u2019s March quarter was also impacted by COVID-19. \u201cAll business drivers were consistent or improved from the fiscal first-quarter\u2019s results indexed to 2019,\u201d the company said in an investor presentation.<\/p>\n<p>The pandemic has impacted spending trends, especially with international <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> largely stalled, but Chief Executive Al Kelly said in Visa\u2019s filing that \u201cthe recovery is well underway in a number of key markets.\u201d  Visa saw positive growth in credit transactions during the March quarter, as well as positive growth for card-present transactions. <\/p>\n<p>Debit transactions proved more resilient than credit ones throughout the pandemic as people focused more on spending their own money rather than borrowing. But growth for both debit transactions and e-commerce transactions, another hot area, \u201cstayed at very healthy levels\u201d in the latest quarter, Kelly said in his statement, even as credit and in-person spending turned positive.<\/p>\n<p> Wedbush analyst Moshe Katri told MarketWatch in an email that he was \u201cspecifically encouraged by Visa emphasizing that the pandemic-driven structural volume shift to e-commerce has been sustainable this year\u201d despite the reopening of physical stores. <\/p>\n<p>Visa executives continued to maintain that COVID-19 is driving a shift away from cash that they expect to last beyond the pandemic. <\/p>\n<p>\u201cDebit has become the cash of the e-commerce world,\u201d Kelly added on Visa\u2019s earnings call. <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p>He said that while he expects the gap between debit growth and credit growth to narrow, he\u2019s \u201cnot sure that we get back to those two different card platforms growing at the same level going forward,\u201d as \u201cdebit will continue to outpace the growth of credit\u201d for as far out as he\u2019s looking. <\/p>\n<p>Visa declined to offer an outlook for the full fiscal year, citing uncertainties in forecasting brought on by the pandemic. <\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>      <span>By<\/span><\/p>\n<div class=\"author  hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Emily Bary\",\"subhead\":\"The Wall Street Journal\",\"list\":[]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Emily_Bary\"><\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/marketwatch.com\/author\/emily-bary?mod=MW_author_byline\">Emily Bary<\/a><span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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The payments company posted&#8230;<\/p>\n","protected":false},"author":1,"featured_media":237279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-237278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/237278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=237278"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/237278\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/237279"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=237278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=237278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=237278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}