{"id":99982,"date":"2020-10-29T02:36:00","date_gmt":"2020-10-28T23:36:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/visa-tops-earnings-expectations-but-feels-the-sting-from-travel-slowdown\/"},"modified":"2020-10-29T02:36:00","modified_gmt":"2020-10-28T23:36:00","slug":"visa-tops-earnings-expectations-but-feels-the-sting-from-travel-slowdown","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/visa-tops-earnings-expectations-but-feels-the-sting-from-travel-slowdown\/","title":{"rendered":"#\n  Visa tops earnings expectations but feels the sting from travel slowdown"},"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-6a3f0eefde2cf\" 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-6a3f0eefde2cf\" 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-tops-earnings-expectations-but-feels-the-sting-from-travel-slowdown\/#Company_has_seen_%E2%80%98sharp_recovery_in_limited_corridors_where_international_travel_is_allowed_but_most_borders_remain_closed\" >Company has seen \u2018sharp recovery\u2019 in limited corridors where international travel is allowed, but most borders remain closed<\/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-tops-earnings-expectations-but-feels-the-sting-from-travel-slowdown\/#Visa_headquarters_in_Foster_City_Calif_in_2019\" >Visa headquarters in Foster City, Calif., in 2019.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/visa-tops-earnings-expectations-but-feels-the-sting-from-travel-slowdown\/#Emily_Bary\" >Emily Bary<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#<br \/>\n  Visa tops earnings expectations but feels the sting from <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> slowdown<br \/>\n<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"Company_has_seen_%E2%80%98sharp_recovery_in_limited_corridors_where_international_travel_is_allowed_but_most_borders_remain_closed\"><\/span>\n  Company has seen \u2018sharp recovery\u2019 in limited corridors where international travel is allowed, but most borders remain closed<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\">\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000048841\">\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<div data-layout=\"inline\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          inline\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--inline\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        renoImageFormat-\n        img-inline\n        article__inset__image\n      \" itemscope itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.25%;\" data-mobile-ratio=\"66.25%\" data-layout-ratio=\"66.25%\" data-subtype=\"\" class=\"image-container  responsive-media article__inset__image__image\">\n        <img decoding=\"async\" srcset=\"https:\/\/images.mktw.net\/im-251248?width=140&amp;size=1.509433962264151 140w,\nhttps:\/\/images.mktw.net\/im-251248?width=540&amp;size=1.509433962264151 540w,\nhttps:\/\/images.mktw.net\/im-251248?width=620&amp;size=1.509433962264151 620w,\nhttps:\/\/images.mktw.net\/im-251248?width=700&amp;size=1.509433962264151 700w,\nhttps:\/\/images.mktw.net\/im-251248?width=860&amp;size=1.509433962264151 860w,\nhttps:\/\/images.mktw.net\/im-251248?width=1260&amp;size=1.509433962264151 1260w\" sizes=\"(max-width: 140px) 100px,\n(max-width: 540px) 500px,\n(max-width: 620px) 580px,\n(max-width: 700px) 660px,\n(max-width: 860px) 820px,\n1260px\" src=\"https:\/\/images.mktw.net\/im-251248?width=620&amp;size=1.509433962264151\" data-enlarge=\"https:\/\/images.mktw.net\/im-251248?width=1260&amp;size=1.509433962264151\" alt=\"\" title=\" Visa headquarters in Foster City, Calif., in 2019.\"><\/div><figcaption class=\"wsj-article-caption article__inset__image__caption\" itemprop=\"caption\">\n<h4 class=\"wsj-article-caption-content\"><span class=\"ez-toc-section\" id=\"Visa_headquarters_in_Foster_City_Calif_in_2019\"><\/span> Visa headquarters in Foster City, Calif., in 2019.<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<p>      <span class=\"wsj-article-credit article__inset__image__caption__credit\" itemprop=\"creator\"><br \/>\n            Getty Images<br \/>\n          <\/span><br \/>\n  <\/figcaption><\/figure>\n<\/div>\n<p>       Visa Inc. saw its overall payment volume grow for its fiscal fourth quarter, but the company continued to be weighed down by the pandemic\u2019s impact on international travel.<\/p>\n<p> Like Mastercard Inc.<br \/>\n        MA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/207581792\/composite\" class=\"negative\">-8.11%<\/bg-quote><br \/>\n       a few hours before, Visa<br \/>\n        V,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/203660239\/composite\" class=\"negative\">-4.83%<\/bg-quote><br \/>\n       on Wednesday afternoon reported September-quarter results that showed persistent weakness in travel-related spending despite more improvements in domestic categories. Payment volume for the period rose 4% on a constant-dollar basis, while cross-border volume, excluding intra-Europe transactions, declined 41%.<\/p>\n<div class=\"paywall\">\n       \u201cThe recovery so far has been uneven, V-shaped for domestic volumes but L-shaped for cross-border volumes,\u201d Chief Financial Officer Vasant Prabhu said on the company\u2019s earnings call. Cross-border spending typically delivers higher yields for Visa, so the slowdown there is creating \u201ca drag on revenue growth, which will continue into fiscal year 2021.\u201d<\/p>\n<p>Visa has seen a \u201csharp recovery\u201d in the limited corridors where travel is \u201crelatively frictionless,\u201d including travel from the U.S. to Mexico and travel to Persian Gulf states, and Prabhu said that gives the company hope for what the broader travel landscape could look like once restrictions ease. Still, at this time, \u201cborders remain largely closed,\u201d he acknowledged.<\/p>\n<p>Shares rose 0.6% in after-hours trading Wednesday, after declining 4.8% in the regular session.<\/p>\n<p><strong>Read: Mastercard stock slammed after weak travel spending pressures earnings<\/strong><\/p>\n<p>Visa saw its fiscal fourth-quarter revenue decline to $5.10 billion from $6.14 billion a year prior, while analysts surveyed by FactSet had been projecting $5 billion. <\/p>\n<p>The company posted $2.14 billion in net income, or 97 cents a share, compared with $3.03 billion, or $1.34 a share, a year earlier. On an adjusted basis, Visa earned $1.12 a share, down from $1.47 a year earlier and above the $1.09 FactSet consensus. <\/p>\n<p>Visa declined to provide a formal quantitative outlook for fiscal 2021, citing uncertainties brought on by the pandemic, though the company gave some indications of how the year could play out. The credit-card giant expects declining revenue growth during the first half of fiscal 2021 before that \u201crebound[s] significantly\u201d in the second half, Prabhu said. He pointed to many unknowns around the spread of infections, the impact of vaccines, and other factors that could determine the magnitude of that revenue growth.  <\/p>\n<div id=\"cx-membership-tile\"><\/div>\n<p><strong>PayPal earnings preview: Capitalizing on surging user growth<\/strong><\/p>\n<p>In its report earlier Wednesday, peer Mastercard pointed to some October improvements in domestic spending relative to a year earlier, including a bump toward the end of October that the company said could be attributed to a large e-commerce player\u2019s promotional event. That was widely interpreted to mean Amazon.com Inc.\u2019s<br \/>\n        AMZN,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210331248\/composite\" class=\"negative\">-3.76%<\/bg-quote><br \/>\n       Prime Day, which moved to October this year from its typical July occurrence due to the pandemic. It\u2019s likely Visa saw a similar bump from Prime Day.<\/p>\n<p>Visa shares have declined about 8% over the past three months as the Dow Jones Industrial Average<br \/>\n        DJIA,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/210598065\/realtime\" class=\"negative\">-3.43%<\/bg-quote><br \/>\n       has added 0.5%. <\/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 noreferrer\" 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>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener noreferrer\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B21004575-02D4-D4B5-4572-DBEC99772B35%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Visa tops earnings expectations but feels the sting from travel slowdown &#8221; Company has seen \u2018sharp recovery\u2019 in limited corridors where international travel is allowed, but most borders remain closed Visa headquarters in Foster City, Calif., in 2019. Getty Images Visa Inc. saw its overall payment volume grow for its fiscal fourth quarter, but&#8230;<\/p>\n","protected":false},"author":1,"featured_media":99983,"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-99982","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\/99982","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=99982"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/99982\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/99983"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=99982"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=99982"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=99982"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}