
Visa Inc. reported a 9% increase in revenue, reflecting steady consumer spending despite ongoing macroeconomic uncertainties. The company's CEO highlighted that consumer spending in the U.S. remained resilient through the second quarter and up to April 21, with no signs of overall weakening. While there was a pull-forward of spending in early April, particularly in electronics, spending levels have stabilized since then. The company also noted that April's spending figures included an artificial boost due to Easter, but excluding this factor, consumer activity remained remarkably stable. Visa maintained its outlook, emphasizing the robustness of consumer demand amid economic challenges.
🇺🇸 Visa Revenue Rises; CEO Says Consumer Remains Resilient https://t.co/fXy3XhV2LN
$V (-0.1% pre) Visa Maintains Outlook Amid ‘Resilient’ Consumer Spending. Revenue Climbs 9%. https://t.co/FrQk8DkomO
Visa on whether US consumer pulled forward spend: certainly happened in early part of April, especially in electronics. But spend has stayed steady since = resilience. Remember April has artificial bump from Easter but ex-that, remarkably stable consumer. $V $MA $AXP $XLY $XLF https://t.co/tD6vZleVmV


