- Mastercard: Strong Q1, Rising Estimates & Continued Tech Push
May 11, 2026
Wall Street is warming up to Mastercard Incorporated MA after a strong first-quarter 2026 report, as analysts have begun raising forecasts, signaling growing confidence in MA’s earnings outlook. Over the past week alone, the Zacks Consensus Estimate for 2026 EPS saw three upward revisions, while the 2027 estimate picked up four.Zacks Investment Research
Image Source: Zacks Investment Research
For 2026, Mastercard’s earnings are now projected at $19.58 per share, which indicates 15.1% growth year over year. For 2027, the estimate has climbed to $22.65, pointing to another 15.7% increase. Revenue forecasts are moving in the same direction. Analysts now expect $36.97 billion in 2026 revenue and $41.59 billion in 2027, implying growth of 12.8% and 12.5%, respectively.
Mastercard beat EPS estimates for four straight quarters, with an average surprise of 5.5%.
Mastercard Incorporated Price, Consensus and EPS SurpriseMastercard Incorporated Price, Consensus and EPS Surprise
Mastercard Incorporated price-consensus-eps-surprise-chart | Mastercard Incorporated Quote
So, what exactly is driving this optimism? The answer is simple: execution.
Mastercard’s Key Q1 Highlights
Mastercard posted adjusted earnings per share of $4.60, beating the Zacks Consensus Estimate by 4.6% and rising 23.3% from the year-ago quarter. Net revenue reached $8.4 billion, topping estimates by 1.3% and increasing 15.8% year over year. For a detailed analysis, read our blog here.
Spending trends remained healthy. Gross dollar volume rose 7% on a local-currency basis to $2.7 trillion, coming in 1.8% above consensus. Switched transactions increased 9%, showing that transaction momentum remains steady as digital payments keep gaining share.
Cross-border volume, one of Mastercard’s most valuable growth levers, climbed 13% year over year. The first quarter performance signals resilient international travel and cross-border commerce, even amid uneven macro conditions. Rival Visa Inc. V is seeing similar strength in global payment trends, but Mastercard’s broader international mix gives it a slightly different growth angle than Visa.
VAS is Fueling the Next Leg of Growth
While the core network remains strong, Mastercard’s services business is becoming a bigger growth driver.The company’s value-added services (VAS) segment delivered another strong quarter, as revenues jumped 22% year over year to $3.5 billion, supported by pricing and the strong performance of security, digital and authentication solutions, as well as customer acquisition and engagement services.
The company continues to invest aggressively in fraud prevention, identity verification and analytics capabilities. With digital commerce expanding and fraud risks rising globally, demand for smarter security and analytics is likely to remain strong. Mastercard is increasingly positioning itself as more than a card network. It is trying to become a deeper partner in security, data and decision-making across commerce.
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Where Mastercard is Placing its Next Bets
Mastercard is also pushing to stay ahead of the next wave of payment innovation. Two areas are drawing increasing attention: stablecoins and agentic commerce.
On the stablecoin side, Mastercard is expanding settlement capabilities through partnerships and infrastructure investments. Management believes blockchain-based payments can complement its existing rails, particularly in areas like cross-border money movement. The planned BVNK acquisition is designed to strengthen Mastercard’s stablecoin toolkit and could eventually reduce friction and cost in money movement.
Still, this opportunity is likely to take time to scale. In the December quarter,Visa tempered expectations around stablecoins becoming a mainstream consumer payment tool in highly developed digital markets, arguing that existing systems already provide speed and convenience. Mastercard is still leaning into the opportunity, but for now, stablecoins remain more of a strategic positioning move than a near-term major revenue driver.
The more immediate innovation push is AI-driven commerce. Mastercard is pushing deeper through Mastercard Agent Pay with major partners including Google, Microsoft, OpenAI, and others. Global enablement is largely complete, with nearly all Mastercard cards now capable of supporting agent-driven payments. Management has also pointed to B2B agents as the larger long-term opportunity.
In the first quarter, Mastercard launched Verifiable Intent, a tamper-resistant record of what a user authorized when an AI agent initiates a transaction. It also noted that the FIDO Alliance is using it as a foundation for emerging security standards, showing Mastercard is trying to help set the standards, not just follow them.
Shareholder Returns Remain a Major Pillar
Mastercard continues to return significant capital to shareholders, supported by strong free cash flow generation. During the first quarter of 2026, the company returned $777 million in dividends and repurchased $4 billion worth of shares. As of late April 2026, it retained $11.7 billion in remaining buyback authorization, following an additional $1.7 billion in repurchases quarter to date. For Q1 2026, operating cash flow reached $3 billion, up from $2.4 billion in the year-ago quarter.
Mastercard’s Price Performance & Valuation
Even after the strong quarter, shares have lagged. Year to date, the stock is down 13.2%. That is better than the industry’s 17% decline, but it trails the S&P 500’s 9% gain. Visa is down 9.1% over the same period, while American Express Company AXP has slipped 14.6%.
Price Performance – MA, V, AXP, Industry & S&P 500Zacks Investment Research
Image Source: Zacks Investment Research
From a valuation standpoint, Mastercard is trading at a forward P/E ratio of 23.96X, lower than its five-year median of 30.51X but well above the industry average of 16.26X. In comparison, Visa trades at 22.57X and American Express at 17.09X.Zacks Investment Research
Image Source: Zacks Investment Research
What Could Hold the Stock Back?
Still, a few risks stand out. Adjusted operating expenses remain elevated, rising 11% in 2024, 14.3% in 2025 and 11.5% in the first quarter of 2026. At the same time, rebates and incentives, classified as contra-revenue, increased 16.1% in 2024, 16.4% in 2025 and 23.1% in the first quarter of 2026, putting pressure on net revenue growth.
Competition is also evolving. Stablecoin initiatives backed by major retailers and technology firms could eventually threaten traditional card rails. Adoption is still limited, but the pace of innovation is fast enough that investors can’t ignore it.
Regulatory scrutiny remains a major overhang. In the United States, the Department of Justice has accused Mastercard and Visa of using market dominance to sustain elevated merchant fees. The proposed Credit Card Competition Act could also reshape routing rules, potentially weakening network economics.
Europe adds another layer of uncertainty. In June 2025, the Competition Appeal Tribunal in London ruled that Mastercard and Visa’s multi-lateral interchange fees breached European competition law. The U.K. Payment Systems Regulator is expected to introduce fee caps, which could limit growth. Meanwhile, some U.K. banks are exploring domestic alternatives that could slowly reduce reliance on U.S.-based card networks.
Conclusion
Overall, Mastercard remains a high-quality payments franchise with strong earnings momentum, expanding value-added services, and a growing footprint in next-generation areas like stablecoins and agentic commerce. While regulatory pressure, rising incentives, and expense growth remain key watch points, estimate revisions and consistent execution continue to support the near-term outlook. With analysts raising forecasts after a solid first-quarter 2026 beat, it still looks positioned for steady growth.Mastercard currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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This article originally published on Zacks Investment Research (zacks.com).
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- Musk, Cook Set to Join Trump for Xi Summit, White House Says
May 11, 2026
(Bloomberg) -- The White House is inviting Tesla Inc.’s Elon Musk, Apple Inc.’s Tim Cook and Boeing Co.’s Kelly Ortberg and executives from other large companies to accompany President Donald Trump on his trip to China this week, according to an official.
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Goldman Sachs Group Inc.’s David Solomon, Blackstone Inc.’s Stephen Schwarzman, BlackRock Inc.’s Larry Fink, Citigroup Inc.’s Jane Fraser and Meta Platforms Inc.’s Dina Powell McCormick are also on the list of those expected to join Trump’s delegation for his summit with his Chinese counterpart Xi Jinping, a White House official said.
The group of more than a dozen top executives is joining Trump for a visit that the US president hopes will unlock a series of business deals and purchase agreements with Beijing. It is comprised mostly of representatives of major financial, technology, aerospace and agricultural firms.
Larry Culp of General Electric Co., Brian Sikes of Cargill Inc., Sanjay Mehrotra of Micron Technology Inc. and Cristiano Amon of Qualcomm Inc. are also expected to attend, the official said. Rounding out the list is Visa Inc.’s Ryan McInerney, Mastercard Inc.’s Michael Miebach, Illumina Inc.’s Jacob Thaysen and Coherent Corp.’s Jim Anderson.
Tesla shares jumped as much as 1.3%, reversing losses of about 2.7% earlier in the session, and Coherent stock sharply extended gains. Shares of Illumina, GE, Boeing, Cisco, Visa, Mastercard and Apple all hit session highs following the White House announcement.
Chuck Robbins of Cisco Systems Inc. appeared on the White House official’s list but a company spokesperson said later he would be unable to accept the invitation, citing upcoming earnings.
Boeing is said to be closing in one of the largest sales in its history, a 500-aircraft order for 737 Max jets set to be unveiled when Trump travels to Beijing, according to people familiar with the matter. Ortberg said last month the order has the potential to be a “big number.”
Tesla, Apple, Micron, Qualcomm and Coherent did not immediately respond to requests for comment. Meta declined to comment.
The delegation does not include Jensen Huang, chief executive officer of Nvidia Corp., the world’s most valuable company and maker of the advanced chips powering the global AI boom, according to a person familiar with the matter. His exclusion marks a potential setback for Nvidia in its bid to export its AI processors to China, a market that Huang has said could reach $50 billion in sales.
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The company had no comment. Huang said last week on CNBC he would join the delegation if invited.
Electric Cars
China is the world’s largest car market and a crucial one for Tesla. The electric-vehicle maker is working to stabilize its business in China as it contends with fierce competition from homegrown manufacturers such as BYD Co. Vehicle shipments last month from Tesla’s Shanghai factory, which serves both the local and export markets, climbed 36% from a year earlier.
The company hopes to get a boost later this year from the possible approval of its automated-driving technology by Chinese regulators.
--With assistance from Maggie Eastland, Jordan Fitzgerald and Richard Clough.
(Updates with Robbins’ inability to attend in sixth paragraph)
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- Nvidia CEO Huang not going to China during Trump visit, source says
May 11, 2026
By Karen Freifeld
WASHINGTON, May 11 (Reuters) - Nvidia CEO Jensen Huang is not going to Beijing during President Donald Trump's trip to China this week, a person familiar with the matter said on Monday.
Huang was not invited, the source said, with the White House focusing more on agriculture and commercial aviation matters, such as orders for Boeing planes, on the current trip. The White House did not immediately respond to a request for comment.
A number of CEOs were expected to travel with Trump to help drum up business for U.S. companies, a top priority for his administration.
A person familiar with the matter confirmed last week that Citigroup CEO Jane Fraser was invited. Qualcomm CEO Cristiano Amon will attend as long as the trip goes ahead as planned, another source with knowledge of the matter said last week.
Trump has developed a strong relationship with Huang since he has been in office and agreed to allow the company's H200 AI chips to be exported to China. But they have not yet been sold, Commerce Secretary Howard Lutnick said on April 22nd, citing difficulties with Chinese companies getting permission to buy them from the Chinese government.
(Reporting by Karen Freifeld; Editing by Chizu Nomiyama and Nick Zieminski)
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- Your Card, Your Security. Tap: A Safer Way to Verify Identity — Visa, Keyno, and Fidelity Bank (Bahamas) Lead the Transformation
May 11, 2026
Visa and Keyno reimagine identity verification for the digital era, launching the next generation of Tap use cases — Tap to Confirm and Tap to Activate — first with Fidelity Bank (Bahamas) Limited
MIAMI, May 11, 2026--(BUSINESS WIRE)--Visa (NYSE: V) today announced a major step forward in how consumers verify their identity in the digital era, with the first-ever deployment of its Tap to Confirm and Tap to Activate technology for issuing banks. Launched in collaboration with fintech partner Keyno and Fidelity Bank (Bahamas) Limited, this innovation represents a paradigm shift in how consumers prove who they are to their financial institutions — turning the physical Visa card into a trusted identity credential that works with a simple tap inside the banking app they already use.
As commerce becomes increasingly digital, identity verification has emerged as one of the defining challenges of modern banking and payments. Instead of relying on one-time passcodes, call center verification, or other complex authentication processes, cardholders can now confirm their identity or activate a new card simply by tapping their Visa card to their mobile device — providing EMV-level security while delivering a frictionless user experience.
Visa Powers the Next Era of Identity Verification
The breakthrough technology showcases Visa's innovation leadership by leveraging advanced EMV cryptography and Visa's proprietary Chip Authenticate service. The solution integrates Visa's robust Transaction Exchange (VTEX) API for real-time card data authentication directly through VisaNet — the world's most advanced payment processing network, handling over 150 billion transactions annually.
"Identity verification has become one of the defining challenges of digital commerce — and one of the biggest points of friction for consumers and issuers alike. With tap authentication, Visa is transforming the card in your wallet into a secure, intuitive identity credential, delivering an experience that is easier for consumers and more secure for issuers. This is what Visa's payments expertise and global infrastructure make possible," said, Mike Romero, Head of Digital Solutions, Visa Latin America and the Caribbean.
Enabling Issuers and Transforming Consumer Experience
Partnering with Keyno - whose technology provides secure digital card solutions - and launching first with Fidelity, Visa enhances issuers’ ability to:
Accelerate digital onboarding and activation with instant card activation Reduce bank call center costs by turning users to in-app experiences Reduce fraud significantly with best-in-class EMV cryptogram validation that surpasses SMS-based authentication Offer customers faster, tap-based authentication for high-risk activity, like changes to passwords, mailing addresses. high value money transfers, or account limits Eliminate friction while strengthening security - no more wait times for call centers or delayed SMS codes
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"Identity is the key to safe commerce. Now, your Visa card is the key to secure online identity verification. Keyno and Visa are leading the way—making digital banking safer, simpler, and more trusted with just a tap," said, Robert J Steinman, CEO Keyno.
Following the successful Fidelity pilot, Visa is positioning Tap to Confirm as a premium security and authentication solution with global expansion planned throughout the year.
FAQ
Q: What is Tap to Confirm?
Tap to Confirm lets cardholders verify possession of their card for actions like high-value transfers or account changes by simply tapping their Visa card on their own mobile device using the issuer's banking app, replacing OTP with secure EMV authentication.
Q: What is Tap to Activate?
Tap to Activate allows cardholders to activate a new Visa card instantly and securely by tapping the card on their mobile phone within the issuer's app, eliminating the need to call support or enter activation codes.
Q: Who are the partners in this pilot?
Visa has partnered with Keyno (keyno.io), a provider of secure digital card solutions, and Fidelity (www.fidelitygroup.com) for the first commercial rollout of these breakthrough tap features.
Q: How does this improve security?
The solutions use EMV chip cryptogram technology and Visa's Chip Authenticate service for each tap, creating highly secure, fraud-resistant authentication that significantly exceeds the security of other authentication methods.
Q: What are the benefits for cardholders?
Faster, frictionless onboarding and card activation Elimination of passwords, SMS delays, and phone calls EMV-grade security for all authentication actions Intuitive tap gesture requiring no learning curve
Q: When will these features be available?
The initial rollout with Fidelity is now live, with plans for expansion throughout 2026.
Q: Do I need a special app?
For this pilot, these features will be available within Fidelity's FIDSECURE mobile app powered by Keyno's technology and Visa's Tap to Confirm authentication infrastructure.
Q: What makes this different from other authentication methods?
Unlike OTP or app-based authentication, Visa's Tap technology uses the physical card's EMV chip as the authentication factor, providing stronger security while simplifying the user experience.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
About Keyno
Keyno is a fintech innovator that helps issuers reduce card-not-present fraud and accelerate digital adoption through advanced card-security and enablement technologies. Its CVVkey® platform powers Dynamic CVV2, Digital Card Display with Full PAN, 3DS Biometric Authentication, Click-to-Pay Issuer Enablement, and Tap-to-X services for banks, credit unions, and fintechs worldwide.
www.keyno.io
View source version on businesswire.com: https://www.businesswire.com/news/home/20260511068610/en/
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Media Contacts
Catalina Bantula Camps
cbantula@visa.com
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- Visa vs. Mastercard: Better Payments Stock?
May 11, 2026
The payment network world is essentially a duopoly between Visa(NYSE: V) and Mastercard(NYSE: MA). They facilitate hundreds of billions of transactions annually, totaling well into the trillions, underscoring their importance to the global financial system.
Visa and Mastercard's stocks have struggled this year -- down 7.2% and 11%, respectively, year to date through market close on May 8 -- but that doesn't take away from their long-term appeal. Both companies are built to thrive long term, but which is the better stock right now? Let's take a look.
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Recent financial performances
Both companies have delivered strong financial performances in their most recent quarters, but in different areas. With Visa, you're getting larger scale and faster revenue growth. With Mastercard, you're getting faster earnings growth:
Metric Visa Year-Over-Year Growth Mastercard Year-Over-Year Growth Revenue 17% 16% Non-GAAP net income 17% 20% Non-GAAP diluted EPS 20% 23%
Sources: Visa and Mastercard earnings reports.
Value-added services (VAS) -- which include services like data analytics, fraud prevention, and consulting -- were a bright spot for both companies. Visa's and Mastercard's VAS increased 27% and 22% year over year, respectively. This is a sign that they're diversifying their business models and becoming less reliant on just transactions.
Cross-border payments also continued to grow for both companies, which is a major source of profit because they typically earn more per transaction. This is a high-margin segment with plenty of growth opportunities as international travel and digital payments expand globally.
Approach to stablecoins
Stablecoins are digital assets designed to maintain a stable value relative to an asset such as the U.S. dollar. Over the past couple of years, they have grown from a relative niche to large-scale use cases. As major payment networks, Visa and Mastercard have been open about the importance of stablecoins to their long-term growth strategies. However, they're approaching them a bit differently.
Visa CEO Ryan McInerney said Visa wants to establish its role as a "key interoperability layer between this powerful infrastructure and real-world solutions for users." Simply put, Visa wants to act as a middleman to help stablecoins interact smoothly with traditional financial systems.
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Mastercard CEO Michael Miebach noted that Mastercard's planned $1.8 billion acquisition of BVNK (a stablecoin infrastructure provider) will be key to expanding its stablecoin solutions and capabilities. Instead of focusing on being a middleman, Mastercard is trying to build its own foundation.
Which is the better stock right now?
Right now, I would prefer Visa's stock because of the company's scale (and how that plays into the network effect), financial strength, growth rate, and lower valuation.
Scale works in Visa's favor since potential cardholders and merchants are more inclined to choose it because it's widely accepted; has a better long-term debt position compared to capital; is growing revenue and earnings at a similar rate, even with its larger size; and is currently valued less when looking at its price compared to projected earnings over the next 12 months.
Both stocks are worthwhile (even Berkshire Hathaway owns shares in both). But Visa is a much more trustworthy long-term choice in my opinion.
Should you buy stock in Visa right now?
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Stefon Walters has positions in Visa. The Motley Fool has positions in and recommends Mastercard and Visa. The Motley Fool has a disclosure policy.
Visa vs. Mastercard: Better Payments Stock? was originally published by The Motley Fool
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- Visa Tests AI Commerce And Concert Payments As Shares Trade Below Targets
May 11, 2026
Make better investment decisions with Simply Wall St's easy, visual tools that give you a competitive edge.
Visa expanded its Agentic Ready AI agent initiated commerce program into Canada, giving banks and payment partners access to live testing environments for AI driven transactions. The company also launched a global music partnership as the official payment partner for The Weeknd's Asia stadium tour, tying payments to live entertainment and digital experiences. These moves highlight Visa's push into AI enabled commerce and experiential marketing that has not been covered in recent updates.
Visa (NYSE:V) is rolling out new AI and entertainment efforts while its stock trades at $318.79. Over the past 3 years the stock is up 39.8% and over 5 years it is up 45.8%, with the 1 year period showing a decline of 9.7%. Year to date, the share price is down 8.0%, and down 2.5% over the past week, while the past 30 days show a gain of 4.7%.
For investors watching NYSE:V, these AI and music partnerships may be useful to track as Visa refines how its payment network fits into agent led commerce and live events. The practical test environments in Canada and the visibility from The Weeknd's Asia tour could provide more concrete developments to monitor in upcoming product launches, merchant adoption, and consumer engagement tied to Visa's platform.
Stay updated on the most important news stories for Visa by adding it to your watchlist or portfolio. Alternatively, explore our Community to discover new perspectives on Visa.NYSE:V Earnings & Revenue Growth as at May 2026
📰 Beyond the headline: 0 risks and 4 things going right for Visa that every investor should see.
Quick Assessment
✅ Price vs Analyst Target: At $318.79, Visa trades about 20% below the $398.31 analyst price target. ✅ Simply Wall St Valuation: Shares are assessed as trading 14.8% below estimated fair value, flagged as undervalued. ✅ Recent Momentum: The stock is up 4.7% over the past 30 days.
There is only one way to know the right time to buy, sell or hold Visa: head to Simply Wall St's company report for the latest analysis of Visa's Fair Value.
Key Considerations
📊 The Agentic Ready rollout in Canada and The Weeknd partnership both point to Visa testing new use cases for its network in AI-led commerce and live entertainment. 📊 Watch how quickly banks, merchants and consumers adopt these AI agent transactions and stadium experiences, as well as any impact on volumes and engagement metrics that Visa discloses. ⚠️ Execution risk is central here. If AI agents or event tie-ins fail to resonate, the spending on these initiatives may not translate into meaningful network activity.
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Dig Deeper
For the full picture, including more risks and rewards, check out the complete Visa analysis. Alternatively, you can visit the community page for Visa to see how other investors believe this latest news will impact the company's narrative.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include V.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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- Visa Announces Expiration and Results of Exchange Offer for Class B-1 and Class B-2 Common Stock
May 11, 2026
SAN FRANCISCO, May 11, 2026--(BUSINESS WIRE)--Visa (NYSE:V) today announced that its Exchange Offer for Class B-1 and B-2 common stock expired on May 8, 2026. The Exchange Offer allowed each participating holder of Class B common stock to exchange their shares of Class B common stock for a combination of Visa’s Class B-3 common stock, Visa’s Class C common stock and, where applicable, cash in lieu of fractional shares.
Today, Visa has accepted approximately 2.7 million shares of Class B-1 common stock and approximately 119.8 million shares of Class B-2 common stock tendered in the Exchange Offer. Based on the number of shares that were tendered, Visa will issue in exchange: 1
approximately 60.6 million shares of Class B-3 common stock; approximately 23.3 million shares of Class C common stock; and in lieu of issuing fractional shares, Visa will pay cash based on the reported closing Class A common stock price on the NYSE as of the expiration date of $318.79.
The accepted stock includes approximately 98 percent of outstanding Class B-1 and B-2 shares, representing approximately 55 percent of outstanding Class B-1 shares and over 99 percent of outstanding Class B-2 shares. Settlement of the exchange will be made promptly.
About Visa
Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, sellers, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.
Additional Information and Where to Find It
The Exchange Offer was made solely by the Prospectus. Visa has also filed with the SEC a Schedule TO, which contains important information about the Exchange Offer. Copies of the Prospectus, the Registration Statement, the Schedule TO, the Letter of Transmittal and other related documents, and any other information that Visa files electronically with the SEC, may be obtained free of charge at the SEC’s website at www.sec.gov.
Visa has engaged Equiniti Trust Company, LLC and Sodali & Co. to act respectively as exchange agent and information agent for the Exchange Offer. To obtain copies of the Prospectus, the Letter of Transmittal and other related documents and for questions about the terms of the Exchange Offer, you may contact the Information Agent toll-free at (800) 662-5200 (for stockholders) or (203) 658-9400 (for banks and brokers).
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Forward-Looking Statements
This communication contains forward-looking statements that relate to, among other things, the consummation of the Exchange Offer. Forward-looking statements generally are identified by words such as "anticipates," "believes," "estimates," "expects," "intends," "may," "projects," "outlook," "could," "should," "will," "continue" and other similar expressions. All statements other than statements of historical fact could be forward-looking statements, which speak only as of the date they are made, are not guarantees of future events and are subject to certain risks, uncertainties and other factors, many of which are beyond Visa’s control and are difficult to predict. Except as required by law, Visa does not intend to update or revise any forward-looking statements as a result of new information, future events or otherwise.
No Offer or Solicitation
This communication is for informational purposes only and is not intended to and does not constitute an offer to subscribe for, buy or sell, the solicitation of an offer to subscribe for, buy or sell or an invitation to subscribe for, buy or sell any securities or the solicitation of any vote or approval in any jurisdiction pursuant to or in connection with the Exchange Offer or otherwise, nor shall there be any sale, issuance or transfer of securities in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, and otherwise in accordance with applicable law.
_______________ 1 As of the expiration date, the applicable Conversion Rate for the Class B-1 common stock, Class B-2 common stock and Class C common stock was 1.5475 shares of Class A common stock, 1.5075 shares of Class A common stock and 4 shares of Class A common stock, respectively.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260511193035/en/
Contacts
Investor Relations: InvestorRelations@visa.com
Media Relations: Press@visa.com
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- Latest News In Digital Payment - RemitBee Partners With Visa For Global Payment Expansion
May 11, 2026
In a recent development in the realm of digital payments, RemitBee Inc., a Canadian fintech platform, has announced a collaboration with Visa Canada to enhance cross-border payment services. By integrating with Visa Direct, RemitBee aims to provide faster and more secure international transfers to over 190 countries, addressing common issues faced by Canada's immigrant community in sending money abroad. This collaboration not only signifies an important milestone for Canada's domestic fintech sector but also highlights the emergence of a homegrown payment infrastructure that could offer a competitive alternative to foreign-dominated markets in cross-border payments. This partnership is poised to strengthen RemitBee's role as a centralized hub for payment services, potentially giving financial partners and regional operators streamlined access to global markets.
Visa last closed at $318.79 down 0.8%.
In other market news, Corpay was a standout up 12.5% and ending trading at $343.99, hovering around its 52-week high.
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SoFi Technologies ended the day at $15.75 down 1.6%. PayPal Holdings settled at $45.37 down 1.8%. On Thursday, PayPal advised shareholders to vote against two proposals regarding service provision in conflict zones and reducing the threshold to call a special meeting. Nu Holdings closed at $13.80 down 3.2%.
Visa's rapid growth in value-added services and cross-border solutions leverages the global shift to digital payments. Discover how these strategies could redefine Visa's market position by clicking through to our full narrative.
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Navigate through the entire inventory of 215 Digital Payment Stocks including Al Rajhi Banking and Investment, Shanghai Pudong Development Bank and Canara Bank here. Interested In Other Possibilities? This technology could replace computers: discover the 26 stocks are working to make quantum computing a reality.
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Sources:
Simply Wall St "Visa Canada and RemitBee to Power Instant, Secure Canadian Cross-Border Payments" from Visa Canada on GlobeNewswire (published 06 May 2026)
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- Stablecoin disruptors want to vanquish Visa but face a tough task ahead
May 11, 2026
A debate broke out on X last week that, by the standards of social media, was refreshingly civil and informed. The topic was whether Visa will continue to dominate payments in the age of agentic commerce, or if that future belongs to blockchain natives wielding stablecoins.
The debate kicked off with the cofounder of a startup called Modern Treasury musing that it’s easy enough for agents to memorize a 16-digit card number, so why is there a need for stablecoins in the first place? Y Combinator cofounder Paul Graham then retorted, “Because then you have to add card fees. Why drag Visa along with us into the future like a software virus?”
My instinct, in these situations that pit a powerful incumbent against a disruptive new technology, is to side with the latter. Just look at what became of once-dominant industry leaders like Nokia, Kodak and Blockbuster. In the case of Visa, though, it’s harder to proclaim the company is doomed to become a dinosaur in an era of agents and stablecoins.
One reason, as some who responded to Graham’s tweet pointed out, is that Visa’s fees are around 12 basis points, which is not particularly high. The 3% to 4% vig that many merchants pay for a credit card transaction is pocketed by banks, not Visa, and a lot of it flows back to consumers in the form of rewards. Meanwhile, Visa has deep lock-in thanks to a five-sided network that offers global reach and a baked-in fraud resolution process. This isn’t just any old monopoly that the stablecoin disruptors are taking on.
The challenge is heightened further by the fact the credit card giants aren’t exactly standing still. As one analyst noted, both Visa and Mastercard “are insuring they will be orchestrators and not casualties of stablecoins and agentic commerce.” Notably, Visa’s crypto guy, Cuy Sheffield, joined the X debate to muse that his company could integrate stablecoins for instant on-chain merchant settlement—a move he implied could obviate the disruptors’ advantage.
All of this shows that Visa is not going away anytime soon. Still, I’m betting on the disruptors all the same. The rise of programmable money and blockchain rails means it’s easy to lower transaction fees to well below 1 basis point, which is a far cry from Visa’s 12 bps—a discrepancy that brings to mind Jeff Bezos’s famous “your margin is my opportunity.” No doubt crypto challengers like MoonPay, Stripe, Coinbase and AgentCash are thinking the same thing.
A final reason not to declare early victory for Visa: New technologies introduce new types of behavior and, in the coming age of agentic commerce, there will be all sorts of novel businesses that emerge around data, APIs and more. It’s unlikely that Visa will be on the cutting edge of any of this. To borrow a too-familiar cliché from the crypto world, when it comes to agentic commerce, we’re still in the first inning.
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Jeff John Roberts
jeff.roberts@fortune.com
@jeffjohnroberts
This story was originally featured on Fortune.com
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- Your Card, Your Security. Tap: A Safer Way to Verify Identity — Visa, Keyno, and Fidelity Bank (Bahamas) Lead the Transformation
May 11, 2026 · businesswire.com
MIAMI--(BUSINESS WIRE)--Visa (NYSE: V) today announced a major step forward in how consumers verify their identity in the digital era, with the first-ever deployment of its Tap to Confirm and Tap to Activate technology for issuing banks. Launched in collaboration with fintech partner Keyno and Fidelity Bank (Bahamas) Limited, this innovation represents a paradigm shift in how consumers prove who they are to their financial institutions — turning the physical Visa card into a trusted identity cr.
