Visa Inc Class A

V: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$549.00	Wqv	Kjcnhpft

Visa Earnings: Quarter Largely Maintains Recent Trends

Brett Horn

Oct 24, 2023

We think Visa’s fiscal fourth quarter largely showed a continuation of recent trends. Growth remains healthy as consumer spending appears to be resilient, and the company is still seeing a modest benefit from a bounceback in cross-border spending. Overall, we don’t see any major surprises, and company guidance suggests management believes recent trends will continue into fiscal 2024. We will maintain our $241 fair value estimate for the wide-moat company. We see the shares as fairly valued at the moment.

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