Visa slips ahead of quarterly earnings report

Visa

27/10/2026 17:07

** Shares of Visa V.N drop 1% at $400.25 in afternoon trading ahead of its quarterly earnings report due after markets close
** Visa is on track to report a ~15% increase in adj. EPS to $3.44 on revenue of $12 billion, up ~13%
** The payments processor's revenue and adj. EPS have beat analyst expectations every time over the last 8 quarters
** European payment groups serving 130 million people, including Spain's Bizum, Italy's Bancomat and Brussels-based Wero, are joining forces to create a cross-border payments network as Europe seeks to curb its dependence on Visa and Mastercard MA.N 
** Among 43 analysts average rating is "buy" and median PT is $421, according to data compiled by LSEG
** Visa is up 14% YTD vs S&P 500 Financial index .SPSY, which is up ~2% YTD

 (Reporting by Chibuike Oguh in New York)
 ((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))