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Sentiment · FY2026 Q2
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“We are collaborating with both Visa and Mastercard to facilitate these transactions through their respective debit rails.”
Jack Henry's Rapid Transfers uses Visa debit rails to move funds, positioning Visa as a transaction-enablement partner.
“We are collaborating with both Visa and MasterCard to facilitate these transactions through their respective debit rails.”
Jack Henry routes its new Rapid Transfers over Visa and Mastercard debit rails, using their network certification.
“The Visa derivative adjustment in the fourth quarter was negative $41 million primarily related to Visa's December announcement of a litigation escrow funding.”
PNC booked a negative $41M Visa derivative adjustment tied to Visa's December litigation escrow funding announcement, reflecting PNC's legacy Visa share exposure.
“The Carta Visa Infinite card allows eligible clients to link their accounts and access their cash instantly anywhere in the world with no foreign transaction fees, an especially compelling benefit for our global client base.”
IBKR's new premium card runs on the Visa network (Carta Visa Infinite), a co-brand/network partner read-through for Visa serving IBKR's global client base.
“Visa's pre-dispute resolution service through VERIFY, which will help to reduce merchant costs”
PayPal integrated Visa's VERIFY pre-dispute resolution service into its enterprise offering, a commercial partnership using Visa's product.
“We see agentic fundamentally changing the payments landscape and are working with Google, Mastercard and Visa to bring agentic to mainstream commerce.”
Fiserv is working with Visa to bring agentic commerce to mainstream payments.
“in combination with great companies that we're working with, like Shopify or Visa or PayPal or Mastercard, we've got to figure out how do we make sure that we bring all of these small businesses along”
Cloudflare names Visa among the payment partners it is collaborating with on the future business model of the agentic internet.
“we're currently in discussions with Visa, Chase, and American Express and expect to have new deals in the U.S. in place later this year.”
Marriott is negotiating new co-brand credit card deals with Visa.
“We're working with Visa and Mastercard and other FIs to make sure that we can authorize the transaction, it doesn't get declined”
FIS partners with Visa (and Mastercard) on authorizing agentic-commerce transactions for its bank clients rather than competing on the merchant side.
“We are collaborating with both Visa and MasterCard to facilitate these transactions through their respective debit rails.”
Jack Henry's new Rapid Transfers product for SMBs and consumers relies on partnerships with Visa's debit rails to move funds instantly between accounts.
“other non-interest income of $198 million included negative Visa derivative fair value adjustments of $35 million, primarily related to Visa's September announcement of a litigation escrow funding”
PNC took a $35M negative fair-value mark on its Visa derivative tied to Visa's September litigation-escrow funding announcement, a read-through on Visa's ongoing interchange litigation exposure.
“we did things for financial services with Visa for dispute management, which is built together on our industry data model”
ServiceNow built a joint financial-services dispute-management solution with Visa on its industry data model.
“we recently announced new digital wallet enablement of iOS wallets such as Klarna in 14 countries, and Vips MobilePay in The Nordics.”
Visa enabled tap-to-pay for Klarna's iOS wallet across 14 countries, extending Klarna's in-store reach on Visa rails.
“including the loss of some interlinked volumes, to the Capital One debit migration and severe weather that affected certain spend categories.”
Visa cited Capital One's debit migration to its own network as a driver of lost interlink volume, a read-through on Capital One steering debit volume off Visa.
“PayPal's Zoom recently expanded its Visa Direct cross-border reach to more than 60 markets.”
PayPal's Xoom expanded its use of Visa Direct to more than 60 markets, a read-through on PayPal's growing reliance on Visa's money-movement rails for cross-border payouts.
“we announced partnerships with leading Internet security players, first Cloudflare, and then Akamai, who collectively serve millions of businesses globally”
Visa named Akamai a partner in its trusted agent protocol for securing agentic commerce.
“we announced partnerships with leading Internet security players, first Cloudflare, and then Akamai, who collectively serve millions of businesses globally”
Visa named Cloudflare a partner in bringing trust to agentic commerce via its trusted agent protocol.
“we are building interoperability between key elements of Visa Intelligent Commerce and Google's new universal commerce protocol”
Visa is building interoperability with Google's new universal commerce protocol, a read-through on Google's push into agentic-commerce standards.
“We also reached an agreement with AWS to make Visa Intelligent Commerce available on AWS Marketplace to support developers building AgenTik Commerce solutions”
Amazon's AWS Marketplace will distribute Visa Intelligent Commerce, positioning AWS as a channel for developers building agentic-payment workflows on Visa.
“Block announced the pilot launch of a new Cash App Visa debit card, which enables Afterpay as a feature for their customers to pay over time anywhere Visa is accepted, and leverages Visa's DPS issuer processing solution for the debit component.”
Block's new Cash App Visa debit card uses Visa Flex and Visa's DPS issuer processing, signaling deeper Block reliance on Visa rails for its Afterpay pay-over-time feature.
“we enabled Apple Pay for Visa cards issued in China for cross-border face-to-face, in-app, and online transactions.”
Visa enabled Apple Pay for its China-issued cards across cross-border and online use, deepening the Visa–Apple Pay tokenization partnership and Apple Pay's cross-border footprint.
“I was wondering if you could talk about some of the differences and similarities between Visa's Trusted Agent Protocol and Stripe's Agentic Commerce Protocol.”
An analyst framed Stripe's Agentic Commerce Protocol as a competing standard to Visa's Trusted Agent Protocol, positioning Stripe as a rival in agentic-commerce payment rails.
“We recently won Trip.com's global virtual travel card issuing business, which will be issued through their fintech, TripLink.”
Visa won Trip.com's global virtual travel card issuing business (via its TripLink fintech), a commercial card win reflecting Trip.com's travel-payments buildout.
“the Klarna card launched in 15 European markets, building on its success in the U.S. where it had over 1 million sign-ups in less than 3 months, and they will expand to even more markets soon.”
Klarna's Visa Flex-powered card expanded to 15 European markets after over 1 million US sign-ups in under 3 months, signaling strong consumer traction for Klarna's card product.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Tien-Tsin Huang | JPMorgan | 6 (0%) |
| Harshita Rawat | Bernstein | 6 (0%) |
| Sanjay Sakhrani | KBW | 6 (0%) |
| Darrin Peller | Wolfe Research | 6 (0%) |
| Tim Chiodo | UBS | 5 (0%) |
| Jim Faucette | Morgan Stanley | 4 (0%) |
| Jason Kupferberg | Wells Fargo | 4 (0%) |
| Bryan Keane | Citigroup | 4 (0%) |
| Will Nance | Goldman Sachs | 4 (0%) |
| Dan Perlin | RBC Capital Markets | 3 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 | 6 (0%) |
| KBW | 1 | 6 (0%) |
| Bernstein | 1 | 6 (0%) |
| JPMorgan | 1 |
Visa delivered Q1 net revenue of $10.9B, up 15% (13% constant currency), with EPS of $3.17, up 15%, as value-added services revenue surged 28% constant-currency to $3.2B driving roughly half of total growth. FY2026 full-year adjusted EPS growth was characterized as a bit higher within the low-double-digit range due to a lower tax rate. Tokens crossed 17.5 billion with AgenTik commerce going live across 100-plus partners, the stablecoin settlement run rate reached $4.6B annualized across 50-plus countries, and a $3.8B share buyback was executed.
Revenue Growth | Innovation & R&D | Demand | Macroeconomic | Pricing | Competitive Dynamics | Geographic Expansion | Margin | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 5 | 6 | 4 | 4 | 2 | 2 | 2 | |
| 2025Q2 | 3 | 1 | 3 | 4 | 2 | 1 | 2 | |
| 2025Q3 | 4 | 5 | 1 | 1 | 4 | 1 | 1 | |
| 2025Q4 | 3 | 5 | 4 | 2 | 1 | 1 | 3 | 1 |
| 2026Q1 | 5 | 3 | 1 | 1 | 3 | 1 | 1 | |
| 2026Q2 | 6 | 5 | 1 | 1 | 3 | 2 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 5 | 3 | 4 | 3 | 5 | 6 |
| Innovation & R&D | 6 | 1 | 5 | 5 | 3 | 5 |
| Demand | 4 | 3 | 1 | 4 | 1 | 1 |
| Macroeconomic | 4 | 4 | 1 | 2 | 1 | |
| Pricing | 2 | 2 | 4 | 1 | 1 | |
| Competitive Dynamics | 2 | 1 | 1 | 3 | 3 | |
| Geographic Expansion | 2 | 1 | 3 | 1 | ||
| Margin | 2 | 1 | 1 | 1 | 2 |
| UBS | 1 | 5 (0%) |
| Wells Fargo | 2 | 5 (0%) |
| Goldman Sachs | 1 | 4 (0%) |
| Citigroup | 1 | 4 (0%) |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
V Visa Inc. | 9 | +17.1% | |
| AXP American Express Company | 8 | +10.3% | |
| COF Capital One | 6 | +44.2% | |
| MA Mastercard | 8 | +15.8% | |
| PYPL PayPal | 5 | +7.2% | |
| SYF Synchrony Financial | 7 | +16.6% |