Management remarks
Call period: 2026 Q3 · 2026-07-28
Guidance: Christopher Suh: We expect Q4 net revenue growth in the high end of low double digits.Demand and orders: Ryan McInerney: Our commercial and money movement solutions revenue grew 17%, year over year, with 13% year over year commercial payment volume growth both in constant dollars as our product development continued to help us win business.Analyst Q&A
Analyst Harshita Rawat asked: There were quite a few announcements coming out of your payment forum on OpenAI partnership, new capabilities. Can you tell us more about how you see Visa's opportunity within AgenTek Commerce not just with regards to capturing and tokenizing those volumes, but also creating an opportunity for you to sell more of your service and expand your addressable market into new economic contracts like agent-to-agent? Management Ryan McInerney answered: So that is where we are investing. You know, I think you know, across all of this, you know, the timing is, you know, tough to predict. I think, to the latter part of your question, but our view is pretty simple. Agentic commerce is a when not an if. We are building, like, the products, the services, the protocols, ensuring that the ecosystem has what it takes, and this will happen. And it will be a positive it will be a positive tailwind for Visa.管理层陈述
电话会期间：2026 Q3 · 2026-07-28
指引：克里斯托弗·苏：我们预计第四季度净收入增长率将处于低双位数区间的高端。需求与订单：瑞安·麦金纳尼：我们的商业与资金流动解决方案收入同比增长17%，商业付款量同比增长13%（均以不变美元计算），这得益于我们的产品开发持续助力我们获取业务。分析师问答
分析师Harshita Rawat问道：你们在支付论坛上公布了多项与OpenAI的合作及新功能，能否详细说明维萨在AgenTek Commerce领域的机遇，不仅限于获取和代币化相关交易量，还包括借此销售更多服务、将可触达市场拓展至代理间交易等新经济合约？管理层Ryan McInerney回应称，这正是我们的投资方向。尽管相关时机难以预测，但我们的观点明确：代理商务是必然趋势而非是否会发生的问题。我们正在打造相关产品、服务和协议，确保生态系统具备所需条件，这一趋势终将实现，并将为维萨带来积极助推作用。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。
