Abdullah Durmaz
Investment Thesis
Visa Inc. (NYSE:V) is capitalizing on the ongoing global shift towards card-based and electronic payments. I believe the company’s business model is robust, underpinned by its consistent revenue streams, solid margins, and substantial cash flow. The migration of shopping to online from physical stores is a key driver for electronic payments that has rapidly accelerated due to COVID-19, and the company’s revenue and earnings have continued to grow after a temporary setback during the pandemic in 2020. I see V as a good defensive stock to have in the portfolio, and I assign a buy rating to the stock.
Post Q1 Earnings Outlook: Resilient Consumer Amid Weak Macro
In the first quarter of its 2024 fiscal year, Visa reported a slight deceleration in revenue and payment volume growth. Visa’s payments volume increased by 8.4% year-on-year, a small step down from the 8.8% reported in the prior quarter, mainly…
