Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Visa Inc. has agreed to acquire BioCatch from funds advised by Permira for $2.4 billion, extending its expansion beyond payment processing into behavioral fraud intelligence and digital identity protection.</li><li>Announced on August 3, 2026, the transaction is expected to close by the end of Visa’s fiscal second quarter of 2027, subject to customary conditions.</li><li>BioCatch analyzes behavioral and device-level signals to identify suspicious intent during digital banking sessions, helping financial institutions address account takeovers, scams, money-mule activity, and application fraud.</li></ul>

Visa Inc. has agreed to acquire BioCatch from funds advised by Permira for $2.4 billion, extending its expansion beyond payment processing into behavioral fraud intelligence and digital identity protection.Announced on August 3, 2026, the transaction is expected to close by the end of Visa’s fiscal second quarter of 2027, subject to customary conditions.BioCatch analyzes behavioral and device-level signals to identify suspicious intent during digital banking sessions, helping financial institutions address account takeovers, scams, money-mule activity, and application fraud.

Visa’s $2.4 Billion BioCatch Buyout Could Transform Fraud Defense!

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Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

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  <li>
<a href="https://smartkarma.com/entities/visa-inc-class-a-shares">Visa</a> operates a dominant open-loop payments network, creating a powerful competitive moat through the network effect, connecting billions of cards and millions of merchants globally.</li>
  <li>The company exhibits exceptional profitability, with operating margins consistently exceeding 60%, driven by a scalable, asset-light business model that earns fees on payment volumes and transactions without taking on credit risk.</li>
  <li>Future growth is centered on expanding into new payment flows (B2B, P2P), growing value-added services like risk and fraud management, and innovating in next-generation technologies such as AI and stablecoin settlement to capitalize on the ongoing shift to digital payments.</li>
</ul><p><em>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.</em></p>


  
Visa operates a dominant open-loop payments network, creating a powerful competitive moat through the network effect, connecting billions of cards and millions of merchants globally.
  The company exhibits exceptional profitability, with operating margins consistently exceeding 60%, driven by a scalable, asset-light business model that earns fees on payment volumes and transactions without taking on credit risk.
  Future growth is centered on expanding into new payment flows (B2B, P2P), growing value-added services like risk and fraud management, and innovating in next-generation technologies such as AI and stablecoin settlement to capitalize on the ongoing shift to digital payments.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

<ul><li>Visa Inc. reported its fiscal third quarter 2026 results, showcasing a 14% year-over-year increase in net revenue to $11.6 billion and an 11% rise in earnings per share (EPS), both surpassing expectations.</li><li>The company processed over $4 trillion in payment volume, marking a historic milestone, and its transaction count grew 10% to 72 billion.</li><li>These figures reflect resilient consumer spending and broad-based growth across consumer payments, commercial payments, and money movement segments.</li></ul>

Visa Inc. reported its fiscal third quarter 2026 results, showcasing a 14% year-over-year increase in net revenue to $11.6 billion and an 11% rise in earnings per share (EPS), both surpassing expectations.The company processed over $4 trillion in payment volume, marking a historic milestone, and its transaction count grew 10% to 72 billion.These figures reflect resilient consumer spending and broad-based growth across consumer payments, commercial payments, and money movement segments.

Visa Inc.’s $4 Trillion Milestone: Can AI And Stablecoins Extend The Run?

<ul><li>Visa delivered a strong fiscal second quarter, with net revenue increasing 17% year-over-year to $11.2 billion and EPS rising 20%.</li><li>Payments volume grew 9% in constant dollars to $3.7 trillion, processed transactions rose 9% to 66 billion, and cross-border volume excluding intra-Europe increased 11%.</li><li>The result was supported by broad momentum across consumer payments, commercial and money movement solutions, and value-added services.</li></ul>

Visa delivered a strong fiscal second quarter, with net revenue increasing 17% year-over-year to $11.2 billion and EPS rising 20%.Payments volume grew 9% in constant dollars to $3.7 trillion, processed transactions rose 9% to 66 billion, and cross-border volume excluding intra-Europe increased 11%.The result was supported by broad momentum across consumer payments, commercial and money movement solutions, and value-added services.

Can Visa Convert 200% Stablecoin Growth Into Mainstream Payment Infrastructure Before Rivals Tighten?

<ul><li>In a move that underscores its ambition to deepen its infrastructure footprint beyond traditional card rails, Visa has agreed to acquire Argentina-based Prisma Medios de Pago and its payments arm Newpay from Advent International.</li><li>The transaction, expected to close in Visa’s fiscal second quarter of 2026, represents far more than a geographic expansion.</li><li>Prisma operates core credit, debit, and prepaid issuer processing in Argentina, while Newpay runs the Banelco ATM network, real-time payments services, and the widely used PagoMisCuentas bill payment platform.</li></ul>

In a move that underscores its ambition to deepen its infrastructure footprint beyond traditional card rails, Visa has agreed to acquire Argentina-based Prisma Medios de Pago and its payments arm Newpay from Advent International.The transaction, expected to close in Visa’s fiscal second quarter of 2026, represents far more than a geographic expansion.Prisma operates core credit, debit, and prepaid issuer processing in Argentina, while Newpay runs the Banelco ATM network, real-time payments services, and the widely used PagoMisCuentas bill payment platform.

Visa’s $10B Argentina Power Play? Hidden Synergies Investors Can’t Ignore!

United States

Visa Inc. operates a retail electronic payments network and manages global financial services.  The Company also offers global commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses and government entities.

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Visa (V US)

Visa’s $2.4 Billion BioCatch Buyout Could Transform Fraud Defense!

Visa Inc. has agreed to acquire BioCatch from funds advised by Permira for $2.4 billion, extending its expansion beyond payment processing into...

Baptista Research

Primer: Visa (V US) - Aug 2026

Visa operates a dominant open-loop payments network, creating a powerful competitive moat through the network effect, connecting billions of...

αSK Primers

Visa Inc.’s $4 Trillion Milestone: Can AI And Stablecoins Extend The Run?

Visa Inc. reported its fiscal third quarter 2026 results, showcasing a 14% year-over-year increase in net revenue to $11.6 billion and an 11% rise...

Baptista Research

Can Visa Convert 200% Stablecoin Growth Into Mainstream Payment Infrastructure Before Rivals Tighten?

Visa delivered a strong fiscal second quarter, with net revenue increasing 17% year-over-year to $11.2 billion and EPS rising 20%. Payments volume...

Baptista Research

Visa’s $10B Argentina Power Play? Hidden Synergies Investors Can’t Ignore!

In a move that underscores its ambition to deepen its infrastructure footprint beyond traditional card rails, Visa has agreed to acquire...

Baptista Research

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