Visa Inc. (V) Morgan Stanley Technology, Media & Telecom Conference (Transcript)

Visa Inc. (NYSE:V) Morgan Stanley Technology, Media & Telecom Conference March 8, 2023 12:10 PM ET

Company Participants

Vasant Prabhu – Vice Chair and CFO

Conference Call Participants

James Faucette – Morgan Stanley

James Faucette

All right. We’ll go ahead and get started here with Visa. Very pleased to have CFO, Vasant Prabhu. I was just saying it’s like, is this to the kick-off of the farewell stadium tour.

Vasant Prabhu

Oh my God.

James Faucette

And then you’re a little too modest for that, that’s fine. Before we get started, I do have important disclosures for those please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. If you have any questions please reach out to Morgan Stanley reps.

Question-and-Answer Session

Q – James Faucette

So, Vasant, last week, Visa provided an update on volumes through I guess, the beginning of March or very end of February. Things look great. I mean tell us what you’re seeing. I mean maybe recap that like what you’re takeaways were from that update.

Vasant Prabhu

I think you summarized it. Things look great.

James Faucette

Okay.

Vasant Prabhu

So, look, I think what’s helped us all the way through over the last several years is — all the way through the pandemic, we stayed focused on how our business was doing versus 2019. I think that kept us from becoming manic-depressive like a lot —

James Faucette

Right, right, right.

Vasant Prabhu

And then more recently, we’ve stayed focused on what is our data tell us. And if you listen to talking heads you’d be manic-depressive again as you see with the market. So, our data as you can see has been remarkably stable, right, shockingly stable in a way if you look at our numbers starting all through 2022 quarter by quarter, it’s been stable on almost on

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