Visa’s Spending Growth Slows as Consumers Hit by Inflation

Bloomberg2022-10-26

Visa Inc. saw spending growth slow the most since the depths of the pandemic as inflation weighs on consumers. Shares gained as profit exceeded analysts’ expectations.Volume on the network rose 10.5% ...

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kevinlaisq
2022-10-26
kevinlaisq
Ok
YekGuo98
2022-10-26
YekGuo98
Ok
- Huatahhuat:
  Its hereeree

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Shares gained as profit exceeded analysts’ expectations.Volume on the network rose 10.5% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/visa-spending-growth-slows-consumers-202111553.html\">Source Link</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Visa’s Spending Growth Slows as Consumers Hit by Inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nVisa’s Spending Growth Slows as Consumers Hit by Inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-26 07:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/visa-spending-growth-slows-consumers-202111553.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Visa Inc. saw spending growth slow the most since the depths of the pandemic as inflation weighs on consumers. Shares gained as profit exceeded analysts’ expectations.Volume on the network rose 10.5% ...</p>\n\n<a href=\"https://finance.yahoo.com/news/visa-spending-growth-slows-consumers-202111553.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"V","symbol_name":"Visa","start_time":0,"source_url":"https://finance.yahoo.com/news/visa-spending-growth-slows-consumers-202111553.html","article_id":"1148371077","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1148371077","pubTimestamp":1666741273,"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Visa Inc. saw spending growth slow the most since the depths of the pandemic as inflation weighs on ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"V":"Visa"},"translate_title":"消费者受通胀打击，Visa的支出增长放缓","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"V":0.9},"content_text":"Visa Inc. saw spending growth slow the most since the depths of the pandemic as inflation weighs on consumers. Shares gained as profit exceeded analysts’ expectations.Volume on the network rose 10.5% to $2.93 trillion in the fiscal fourth quarter, Visa said Tuesday. That was shy of the 11% increase analysts in a Bloomberg survey were expecting and a decrease from the 12% growth the firm reported for the previous three months. It was the slowest growth since Visa posted less than 5% for the first fiscal quarter of 2021.“As we look ahead, while some short-term uncertainty exists, we remain confident in Visa’s long-term growth trajectory across consumer payments, new flows and value-added services,” Chief Executive Officer Al Kelly said in a statement.Visa and its rivals have seen spending increases cool with inflation soaring to once-in-a-generation levels. They’re also facing tough comparisons with a year earlier, when spending jumped as economies opened back up as Covid-19 vaccines proliferated and the pandemic began to recede.When planning for 2023, Visa “did not factor in a steep economic downturn or recession,” Kelly said on a conference call with analysts. If such a decline occurs, “it will have some impact.”Cross-border volume, a key metric for San Francisco-based Visa since such transactions are typically more lucrative than domestic spending, climbed 36%, matching analysts’ expectations.“Some economies around the world could face increased pressures so we will be monitoring things very closely,” Kelly said on the call.Revenue for the three months through September jumped 23% on a constant-dollar basis from a year earlier to $7.8 billion, while earnings totaled $4.1 billion, or $1.93 a share. 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