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Analyst
Fahed Kunwar
Period: Reporting periods mapped to calendar 2025 Q2 – 2026 Q2 (5 quarters; questions recorded in 2).
- Questions
- 3on tracked calls
- Challenge rate
- 33%1 of 3 questionsLimited sample
- Companies
- 2questioned at least once
- Reporting periods
- 2with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 3 of 3 questions from 2 companies
VVisa Inc.2 questions · 2 reporting periods · 1 of 2 challenging
Calendar 2026 Q2
is there something that will change this algorithm? Or do you see this as more sustainable
Show response
Suh praised the VAS result but did not address whether the Investor Day growth algorithm still holds, redirecting to execution and the close of FY2026.
Calendar 2025 Q2
incentive growth as a percentage of revenue has been going up about 1 percentage point a year
Show response
Suh declined to frame incentives as percentage of revenue inflection point. Said it's simply not how Visa thinks about the business, focused on net revenue growth. Incentives are a tool to achieve mutual goals with partners, impacted by volume of expirations and renewals varying year to year. Will not comment on relationship between the two. Net revenue growth and volume growth are the focus, the most important thing.
MAMastercard1 question · 1 reporting period · 0 of 1 challenging
Calendar 2025 Q2
how much has pricing been a factor in this quarter versus kind of that being share of wallet
Show response
Sachin said pricing ability is tied to long-term value delivery trajectory, not quarter-by-quarter. Sees continued potential on a going-forward basis.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| V Visa Inc. | 2 | —Rate withheld: fewer than 3 questions |
| MA Mastercard | 1 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q2 | 2 | 0%none of 2 questions | 2 |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | No questions recorded | — | — |
| 2026 Q1 | No questions recorded | — | — |
| 2026 Q2 | 1 | 100%1 of 1 question | 1 |
- 2025 Q22 questions · challenge rate 0% (none of 2 questions) · 2 companies
- 2025 Q3No questions recorded
- 2025 Q4No questions recorded
- 2026 Q1No questions recorded
- 2026 Q21 question · challenge rate 100% (1 of 1 question) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Revenue Growth2
- Pricing2
- Guidance Reliability1
- Margin1