Visa Posts Growth, But Currency And Caution Cloud The Story

Visa Inc (NYSE:V) reported better-than-expected revenues and earnings for the fiscal first quarter but left the full-year guidance unchanged, according to Goldman Sachs.

• Visa stock is showing weakness. What’s pulling V shares down?

The Visa Analyst: Analyst Will Nance maintained a Buy rating, while slashing the price target from $417 to $408.

The Visa Thesis: The company reported strong quarterly results, with gross revenues up 14% year-on-year to around $15.17 billion, topping consensus by 1%, driven by volume growth, despite lower incentives, Nance said in the note.

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Visa posted earnings of $3.17 per share, beating the consensus of $3.14 per share, he added.

Management guided to low-double-digit net revenue growth for fiscal 2026 and non-GAAP earnings in the mid-20s, the analyst stated. "Despite the 1% EPS beat, Visa left the full year guide unchanged, as it reflected the impact of lower currency volatility on its cross-border revenues," he wrote.

Against a backdrop of deteriorating investor sentiment, Visa's latest results "reflect a consistent growth algorithm, driven by strong U.S./Global volume growth and increasing revenue diversification with value-added services," Nance further said.

V Price Action: Shares of Visa were down 2.01% to $325,11 at the time of publication on Friday.

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