Subtext

Visa Inc. V

SectorFinancials
Transcripts66
Date range2009-02-05 – 2025-04-29
Calls charted66

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-16-8+0+8+162009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · Overall: -2.62009 Q2 · Overall: +0.82009 Q3 · Overall: +5.12009 Q4 · Overall: +8.42010 Q1 · Overall: -1.82010 Q2 · Overall: +1.42010 Q3 · Overall: -0.32010 Q4 · Overall: +1.52011 Q1 · Overall: +5.42011 Q2 · Overall: +1.22011 Q3 · Overall: +7.62011 Q4 · Overall: +3.32012 Q1 · Overall: +7.62012 Q2 · Overall: +5.72012 Q3 · Overall: -1.22012 Q4 · Overall: +3.32013 Q1 · Overall: +8.52013 Q2 · Overall: +0.52013 Q3 · Overall: -2.02013 Q4 · Overall: +1.12014 Q1 · Overall: -4.42014 Q2 · Overall: +0.42014 Q3 · Overall: -0.62014 Q4 · Overall: +2.82015 Q1 · Overall: -0.22015 Q2 · Overall: +8.52015 Q3 · Overall: +0.52015 Q4 · Overall: +3.32016 Q1 · Overall: +0.32016 Q2 · Overall: -0.32016 Q3 · Overall: +3.22016 Q4 · Overall: +3.92017 Q1 · Overall: +8.02017 Q2 · Overall: +6.42017 Q3 · Overall: +7.92017 Q4 · Overall: +5.12018 Q1 · Overall: +8.02018 Q2 · Overall: +10.02018 Q3 · Overall: +7.62018 Q4 · Overall: +7.62019 Q1 · Overall: -1.52019 Q2 · Overall: +6.92019 Q3 · Overall: +7.92019 Q4 · Overall: +7.72020 Q1 · Overall: +1.42020 Q2 · Overall: -0.52020 Q3 · Overall: -4.02020 Q4 · Overall: +3.82021 Q1 · Overall: +7.52021 Q2 · Overall: +9.72021 Q3 · Overall: +12.02021 Q4 · Overall: +13.82022 Q1 · Overall: +10.02022 Q2 · Overall: +7.52022 Q3 · Overall: +4.82022 Q4 · Overall: +1.12023 Q1 · Overall: +7.92023 Q2 · Overall: +6.82023 Q3 · Overall: +3.32023 Q4 · Overall: +9.62024 Q1 · Overall: +8.02024 Q2 · Overall: +8.92024 Q3 · Overall: +9.92024 Q4 · Overall: +9.32025 Q1 · Overall: +13.32025 Q2 · Overall: +6.6
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-25-12+0+12+252009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · CEO: +4.62009 Q2 · CEO: +5.92009 Q3 · CEO: +12.62009 Q4 · CEO: +21.62010 Q1 · CEO: +0.02010 Q2 · CEO: +5.02010 Q3 · CEO: +3.42010 Q4 · CEO: +12.42011 Q1 · CEO: +11.62011 Q2 · CEO: +6.82011 Q3 · CEO: +16.32011 Q4 · CEO: +13.72012 Q1 · CEO: +14.32012 Q2 · CEO: +12.22012 Q3 · CEO: +11.02013 Q1 · CEO: +12.62013 Q2 · CEO: +3.72013 Q3 · CEO: +2.22013 Q4 · CEO: +9.02014 Q1 · CEO: -2.12014 Q2 · CEO: +10.52014 Q3 · CEO: +6.62014 Q4 · CEO: +9.12015 Q1 · CEO: +7.42015 Q2 · CEO: +15.82015 Q3 · CEO: +4.82015 Q4 · CEO: +14.32016 Q1 · CEO: +8.12016 Q2 · CEO: +12.22016 Q3 · CEO: +10.32016 Q4 · CEO: +14.62017 Q2 · CEO: +20.42017 Q3 · CEO: +17.52017 Q4 · CEO: +18.72018 Q1 · CEO: +15.32018 Q2 · CEO: +15.42019 Q1 · CEO: +8.12019 Q2 · CEO: +17.52019 Q3 · CEO: +14.12019 Q4 · CEO: +16.02020 Q1 · CEO: +9.42020 Q2 · CEO: +7.92020 Q3 · CEO: +6.32020 Q4 · CEO: +12.22021 Q1 · CEO: +13.22021 Q2 · CEO: +14.92021 Q3 · CEO: +16.42021 Q4 · CEO: +18.02022 Q1 · CEO: +14.92022 Q2 · CEO: +12.22022 Q3 · CEO: +10.52022 Q4 · CEO: +7.82023 Q1 · CEO: +17.32023 Q2 · CEO: +14.22023 Q3 · CEO: +14.52023 Q4 · CEO: +16.82024 Q1 · CEO: +19.42024 Q2 · CEO: +20.32024 Q3 · CEO: +18.82024 Q4 · CEO: +20.02025 Q1 · CEO: +18.72025 Q2 · CEO: +13.32009 Q1 · CFO: +0.02009 Q2 · CFO: +2.02009 Q3 · CFO: +2.12009 Q4 · CFO: +5.62010 Q1 · CFO: +0.92010 Q2 · CFO: +8.52010 Q3 · CFO: +5.92010 Q4 · CFO: +1.52011 Q1 · CFO: +6.52011 Q2 · CFO: +4.22011 Q3 · CFO: +8.42011 Q4 · CFO: +1.12012 Q1 · CFO: +6.02012 Q2 · CFO: +9.32012 Q3 · CFO: -2.72012 Q4 · CFO: -0.92013 Q1 · CFO: +7.62013 Q2 · CFO: +5.22013 Q3 · CFO: +0.02013 Q4 · CFO: -0.42014 Q1 · CFO: -0.72014 Q2 · CFO: -1.42014 Q3 · CFO: -7.22014 Q4 · CFO: -0.92015 Q1 · CFO: +0.62015 Q2 · CFO: +1.42015 Q3 · CFO: +1.92016 Q1 · CFO: -2.92016 Q4 · CFO: +2.22017 Q1 · CFO: +1.02017 Q2 · CFO: +3.62017 Q3 · CFO: +7.22017 Q4 · CFO: +2.42018 Q1 · CFO: +2.12018 Q2 · CFO: +14.42018 Q3 · CFO: +9.92018 Q4 · CFO: +8.22019 Q1 · CFO: -7.42019 Q2 · CFO: +1.42019 Q3 · CFO: +8.22019 Q4 · CFO: +6.12020 Q1 · CFO: -1.12020 Q2 · CFO: -9.02020 Q3 · CFO: -8.72020 Q4 · CFO: -1.42021 Q1 · CFO: +0.02021 Q2 · CFO: +7.82021 Q3 · CFO: +14.52021 Q4 · CFO: +13.22022 Q1 · CFO: +10.32022 Q2 · CFO: +5.82022 Q3 · CFO: +7.42022 Q4 · CFO: -2.02023 Q1 · CFO: +2.42023 Q2 · CFO: +5.42023 Q3 · CFO: +0.02023 Q4 · CFO: +8.32024 Q1 · CFO: +5.22024 Q2 · CFO: +9.82024 Q3 · CFO: +6.62024 Q4 · CFO: +3.42025 Q1 · CFO: +17.92025 Q2 · CFO: +7.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-21-11+0+11+212009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42009 Q1 · Prepared remarks: +0.72009 Q2 · Prepared remarks: +5.12009 Q3 · Prepared remarks: +8.82009 Q4 · Prepared remarks: +16.42010 Q1 · Prepared remarks: +3.22010 Q2 · Prepared remarks: +13.22010 Q3 · Prepared remarks: +9.42010 Q4 · Prepared remarks: +9.72011 Q1 · Prepared remarks: +15.42011 Q2 · Prepared remarks: +4.82011 Q3 · Prepared remarks: +16.02011 Q4 · Prepared remarks: +10.72012 Q1 · Prepared remarks: +13.32012 Q2 · Prepared remarks: +12.22012 Q3 · Prepared remarks: +6.42012 Q4 · Prepared remarks: +8.32013 Q1 · Prepared remarks: +14.02013 Q2 · Prepared remarks: +8.52013 Q3 · Prepared remarks: +4.12013 Q4 · Prepared remarks: +5.72014 Q1 · Prepared remarks: +0.32014 Q2 · Prepared remarks: +12.52014 Q3 · Prepared remarks: +8.62014 Q4 · Prepared remarks: +9.02015 Q1 · Prepared remarks: +8.12015 Q2 · Prepared remarks: +13.22015 Q3 · Prepared remarks: +4.52015 Q4 · Prepared remarks: +5.62016 Q1 · Prepared remarks: +4.52016 Q2 · Prepared remarks: +3.42016 Q3 · Prepared remarks: +4.72016 Q4 · Prepared remarks: +7.02017 Q1 · Prepared remarks: +14.32017 Q2 · Prepared remarks: +16.12017 Q3 · Prepared remarks: +15.72017 Q4 · Prepared remarks: +7.22018 Q1 · Prepared remarks: +11.22018 Q2 · Prepared remarks: +13.12018 Q3 · Prepared remarks: +13.32018 Q4 · Prepared remarks: +10.22019 Q1 · Prepared remarks: +2.32019 Q2 · Prepared remarks: +10.52019 Q3 · Prepared remarks: +15.22019 Q4 · Prepared remarks: +13.42020 Q1 · Prepared remarks: +6.82020 Q2 · Prepared remarks: -1.92020 Q3 · Prepared remarks: -3.62020 Q4 · Prepared remarks: +6.92021 Q1 · Prepared remarks: +9.42021 Q2 · Prepared remarks: +10.72021 Q3 · Prepared remarks: +18.42021 Q4 · Prepared remarks: +14.32022 Q1 · Prepared remarks: +14.52022 Q2 · Prepared remarks: +10.22022 Q3 · Prepared remarks: +8.42022 Q4 · Prepared remarks: +4.12023 Q1 · Prepared remarks: +11.02023 Q2 · Prepared remarks: +11.22023 Q3 · Prepared remarks: +9.52023 Q4 · Prepared remarks: +12.62024 Q1 · Prepared remarks: +16.32024 Q2 · Prepared remarks: +9.62024 Q3 · Prepared remarks: +17.32024 Q4 · Prepared remarks: +9.12025 Q1 · Prepared remarks: +13.92025 Q2 · Prepared remarks: +15.52009 Q1 · Q&A responses: +1.12009 Q2 · Q&A responses: +2.22009 Q3 · Q&A responses: +5.62009 Q4 · Q&A responses: +5.02010 Q1 · Q&A responses: -2.92010 Q2 · Q&A responses: +0.82010 Q3 · Q&A responses: -1.52010 Q4 · Q&A responses: +0.72011 Q1 · Q&A responses: +1.92011 Q2 · Q&A responses: +3.92011 Q3 · Q&A responses: +3.82011 Q4 · Q&A responses: -1.42012 Q1 · Q&A responses: +4.52012 Q2 · Q&A responses: +4.02012 Q3 · Q&A responses: -3.12012 Q4 · Q&A responses: +1.62013 Q1 · Q&A responses: +8.02013 Q2 · Q&A responses: +0.02013 Q3 · Q&A responses: -2.62013 Q4 · Q&A responses: +4.22014 Q1 · Q&A responses: -3.52014 Q2 · Q&A responses: -3.02014 Q3 · Q&A responses: -5.92014 Q4 · Q&A responses: -2.12015 Q1 · Q&A responses: +0.82015 Q2 · Q&A responses: +3.02015 Q3 · Q&A responses: +1.32015 Q4 · Q&A responses: +4.82016 Q1 · Q&A responses: +3.12016 Q2 · Q&A responses: +0.92016 Q3 · Q&A responses: +6.12016 Q4 · Q&A responses: +3.22017 Q1 · Q&A responses: +4.22017 Q2 · Q&A responses: +3.12017 Q3 · Q&A responses: +7.92017 Q4 · Q&A responses: +6.82018 Q1 · Q&A responses: +7.22018 Q2 · Q&A responses: +12.02018 Q3 · Q&A responses: +5.42018 Q4 · Q&A responses: +7.32019 Q1 · Q&A responses: -1.12019 Q2 · Q&A responses: +7.42019 Q3 · Q&A responses: +3.32019 Q4 · Q&A responses: +5.32020 Q1 · Q&A responses: -0.32020 Q2 · Q&A responses: +2.92020 Q3 · Q&A responses: +0.92020 Q4 · Q&A responses: +3.12021 Q1 · Q&A responses: +6.02021 Q2 · Q&A responses: +13.42021 Q3 · Q&A responses: +8.52022 Q1 · Q&A responses: +8.32022 Q2 · Q&A responses: +7.22022 Q3 · Q&A responses: +5.82022 Q4 · Q&A responses: -0.92023 Q1 · Q&A responses: +9.72023 Q2 · Q&A responses: +5.02023 Q3 · Q&A responses: +0.72023 Q4 · Q&A responses: +10.12024 Q1 · Q&A responses: +5.42024 Q2 · Q&A responses: +12.32024 Q3 · Q&A responses: +5.32024 Q4 · Q&A responses: +11.12025 Q2 · Q&A responses: +0.0
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$1.68$6.99$12.302009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42014 Q1: $2.412014 Q2: $2.502014 Q3: $2.592014 Q4: $2.712015 Q1: $2.792015 Q2: $2.872015 Q3: $2.992015 Q4: $3.002016 Q1: $3.022016 Q2: $3.102016 Q3: $3.312016 Q4: $3.422017 Q1: $3.582017 Q2: $3.802017 Q3: $4.002017 Q4: $4.222018 Q1: $4.802018 Q2: $5.062018 Q3: $5.322018 Q4: $5.542019 Q1: $5.742019 Q2: $6.012019 Q3: $6.272019 Q4: $6.472020 Q1: $6.582020 Q2: $5.662020 Q3: $5.822020 Q4: $5.792021 Q1: $6.212021 Q2: $6.692021 Q3: $7.262021 Q4: $7.402022 Q1: $7.832022 Q2: $8.082022 Q3: $8.422022 Q4: $8.622023 Q1: $9.052023 Q2: $9.482023 Q3: $9.852023 Q4: $10.212024 Q1: $10.542024 Q2: $10.882024 Q3: $11.072024 Q4: $11.56

Forward P/E

19.5828.4037.212009 Q12011 Q22013 Q32015 Q42018 Q12020 Q22022 Q32024 Q42014 Q1: 23.222014 Q2: 21.082014 Q3: 20.802014 Q4: 23.942015 Q1: 23.942015 Q2: 23.932015 Q3: 23.742015 Q4: 26.642016 Q1: 23.922016 Q2: 25.222016 Q3: 24.622016 Q4: 23.172017 Q1: 25.082017 Q2: 25.102017 Q3: 26.462017 Q4: 26.822018 Q1: 25.542018 Q2: 26.552018 Q3: 27.712018 Q4: 23.692019 Q1: 26.592019 Q2: 28.412019 Q3: 27.962019 Q4: 28.592020 Q1: 22.582020 Q2: 34.202020 Q3: 35.252020 Q4: 35.992021 Q1: 35.912021 Q2: 34.312021 Q3: 30.832021 Q4: 28.682022 Q1: 27.082022 Q2: 24.272022 Q3: 23.682022 Q4: 24.732023 Q1: 23.902023 Q2: 23.562023 Q3: 25.162023 Q4: 25.702024 Q1: 27.042024 Q2: 25.152024 Q3: 26.062024 Q4: 26.79

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2015 Q1 tone ↓ -3.0 fwd EPS ↑ +0.09 Tone cooled even as the forward EPS estimate rose.
  • 2015 Q3 tone ↓ -8.0 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2017 Q4 tone ↓ -2.8 fwd EPS ↑ +0.22 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q3 tone ↓ -2.4 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2019 Q1 tone ↓ -9.1 fwd EPS ↑ +0.20 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q1 tone ↓ -6.3 fwd EPS ↑ +0.11 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↓ -3.5 fwd EPS ↑ +0.16 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q1 tone ↓ -3.8 fwd EPS ↑ +0.42 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q2 tone ↓ -2.5 fwd EPS ↑ +0.26 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -2.7 fwd EPS ↑ +0.34 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q4 tone ↓ -3.7 fwd EPS ↑ +0.21 Tone cooled even as the forward EPS estimate rose.
  • 2023 Q3 tone ↓ -3.4 fwd EPS ↑ +0.37 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q22025-04-29+6.6——View →
2025 Q12025-01-30+13.3——View →
2024 Q42024-10-29+9.3$11.5626.8View →
2024 Q32024-07-23+9.9$11.0726.1View →
2024 Q22024-04-23+8.9$10.8825.1View →
2024 Q12024-01-25+8.0$10.5427.0View →
2023 Q42023-10-24+9.6$10.2125.7View →
2023 Q32023-07-25+3.3$9.8525.2View →