Report
Jim Sinegal
EUR 101.80 For Business Accounts Only

Visa's Growth Continues Unabated as Its Fiscal 2018 Begins

Wide-moat Visa continued to benefit from its dominant position in payment processing and the growth of digital transactions in the first quarter of its 2018 fiscal year. Processed transactions grew by 12% and total payment volume grew by 10% in the September quarter (accelerating to 12% in the December quarter), with net operating revenue expanding by 9% overall (7% in the U.S. and 11% internationally). We believe the company has a long, profitable growth runway ahead of it as consumer spending ...
Underlying
Visa Inc. Class A

Visa is engaged in digital payments. The company facilitates payments between consumers and businesses. The company is focused on its proprietary network, VisaNet, to provide products and services. The company provides a portfolio of business payment solutions, including small business, corporate (travel) cards, purchasing cards, virtual cards/digital credentials, non-card cross-border business-to-business payment options and disbursement accounts, covering various main industry segments around the world. The company also provides several capabilities and services, including fraud prevention and security, processing, loyalty, merchant and digital solutions, consulting and data solutions.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Jim Sinegal

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