2024-05-15 14:00:28 ET
Visa, Inc. (V)
Barclays 14th Annual Emerging Payments and FinTech Forum
May 15, 2024, 10:20 am ET
Company Participants
Chris Suh - CFO
Conference Call Participants
Ramsey El-Assal - Barclays
Presentation
Ramsey El-Assal
Okay. Welcome back, everyone. It's a great pleasure to welcome Chris Suh, Chief Financial Officer of Visa with us today on stage.
Chris Suh
Great. Thank you.
Ramsey El-Assal
Great, great to have you.
Question-and-Answer Session
Q - Ramsey El-Assal
Why don't we just jump right in and talk about kind of the recent trends you're seeing. I thought the volumes in your most recent quarter seem to hang in pretty well after that sort of weather impact of January. Kind of give us an updated view of what you're seeing out there in terms of spending, in terms -- and then maybe more broadly, just after you do that, some thoughts on the consumer.
Chris Suh
Okay. Great. Yes. Hi, everyone. Thanks for having me here. Yes, it's a good place to start, I think. Let's recap Q2 a bit. Financially, it was a strong quarter for us. We started 10% revenue growth, revenue and EPS exceeding our expectations. From an underlying driver standpoint, we continue to see relatively stable volumes. Total -- global total payment volume grew 8% Q2, which is the same growth as in Q1. And then as you sort of look at by region, in the U.S., payment volumes was up 6%, which is again stable to Q1 once you normalize for the impacted extra day for leap year....
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Visa, Inc. (V) Barclays 14th Annual Emerging Payments and FinTech Forum Transcript