Management remarks
Call period: 2026 Q2 · 2026-07-30
Guidance: Sachin Mehra: As we look to the full year of 2026, we expect net revenue growth to be at the high end of low double-digit range on a currency-neutral basis, excluding inorganic activity.Demand and orders: Sachin Mehra: Cross-border volume increased 12% globally for the quarter, reflecting continued growth in both travel and non-travel-related cross-border spending.Analyst Q&A
Analyst Matthew O'Neill asked: Congrats again, Sachin. Maybe a couple of housekeeping questions just to round out after a lot of good thematic ones. Anything to call out or point to with respect to the rebates and incentive trend as a percent of gross payments revenue through the back half of the year? Management Sachin Mehra answered: Sure. So first on your question on rebates and incentives, for Q2, our rebates and incentives actually came in pretty much in line with what our expectations were. So that's kind of pretty much on point. As it relates to Q3, we expect that our rebates and incentives as a percentage of our payment network assessments will be slightly higher than it was in Q2. Look, I mean, at the end of the day, like you said, it's hard to predict because it's largely based on timing of deals and deal performance and things of that sort.管理层陈述
电话会期间：2026 Q2 · 2026-07-30
指引：萨钦·梅赫拉表示：我们预计，在剔除并购活动并按货币中性基准计算的情况下，2026年全年净收入增长率将处于低双位数区间的高端。需求与订单：萨钦·梅赫拉表示：本季度全球跨境交易量增长12%，反映出旅游及非旅游相关跨境支出的持续增长。分析师问答
分析师马修·奥尼尔向萨钦提问，询问下半年回扣与激励支出占总支付收入的比例趋势有何值得关注的内容。管理层萨钦·梅赫拉回应称，第二季度该项支出基本符合预期，预计第三季度其占支付网络服务费的比例将略高于第二季度，但由于其很大程度上取决于交易及交易表现的时机等因素，很难精准预测。This earnings-call research was prepared from company results, regulatory filings, financial statements, and earnings-call transcripts or official replays. It is for informational purposes only and does not constitute investment advice.这篇财报电话会研究基于公司公告、监管文件、财务报表，以及真实电话会文字稿或官方回放整理。内容仅供参考，不构成投资建议。
