Visa Inc. (V) Presents at Goldman Sachs Communacopia + Technology Conference 2026 Transcript

Visa Inc. (V) Presents at Goldman Sachs Communacopia + Technology Conference 2026 September 8, 2026 4:05 PM EDT Company Participants Ryan McInerney - CEO & Director Conference Call Participants William Nance - Goldman Sachs Group, Inc., Research Division Presentation William Nance Goldman Sachs Group, Inc., Research Division All right, everyone. We're going to get started here. Next up, we're very excited to have Ryan McInerney, CEO of Visa. He's served at Visa for a very long time, nearly a decade. And before that, was CEO of Consumer Banking at JPMorgan. Ryan, thank you for joining us today. Really looking forward to the conversation. Ryan McInerney CEO & Director It's great to be here. Thanks. Question & Answer Session William Nance Goldman Sachs Group, Inc., Research Division All right. So I wanted to kick us off with a reflection of results so far over the past year and really just the notable strength that we've seen. Spend volume growth has been the fastest that it's been since pre-COVID, excluding the post-COVID recovery. Your value-added services portfolio is growing north of 30%, which I want to touch on later. You took over the business in 2023 and 3.5 years later, despite what's been a period of reasonable amount of disruption across the payments ecosystem, Visa is performing really well. So, what would you attribute the success so far? And to the extent that the stock hasn't reflected that, what do you think the market is missing? Ryan McInerney CEO & Director On the last topic about what the market is missing, I think you and the audience might be better positioned to answer that question. On the core of your question, I think, in short, we have a strategy that's working. We have a leadership team that's very experienced and focused on executing that strategy. We have enormous opportunities ahead of us, and we've