Visa is a global payments technology company that facilitates digital payments through its extensive network, enabling secure and efficient transactions for consumers, merchants, and financial institutions
By providing a variety of services, including credit and debit card processing, electronic payment solutions, and fraud prevention, Visa connects buyers and sellers across the world. The company plays a crucial role in the modernization of the payments landscape, continually innovating to enhance user experience, expand access to financial services, and support economic growth through its partnerships with various stakeholders in the financial ecosystem.
Stablecoins, which play a major role in the global cryptocurrency ecosystem, saw massive adoption in 2024, with their transfer volumes beating those of both Visa and Mastercard combined.
According to Koyfin data, the payments firm posted fiscal first-quarter adjusted earnings of $2.75 per share on Thursday, compared with the average analysts’ estimate of $2.66 per share.
Major stock indices have completed their recovery following Monday's sharp drop, buoyed by tech stocks rallying on the back of solid earnings and positive macroeconomic data. The S&P 500 index stands at 6,118 points at midday trading in New York, not far from the all-time high of 6,128 points reached last Friday.
Market indexes seemed poised to slip into the red this afternoon, just 30 minutes before the close, after the White House announced 25% tariffs on Canada and Mexico starting Feb 1, with Canada vowing retaliation.
Investors spent most of the day digesting a fourth-quarter gross domestic product (GDP) reading that missed expectations, in addition to several megacap earnings reports.
