| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q3'26 | July 28, 2026 | 6/12 | 1 high, 4 medium, 3 low flags | 4 | 0 | Call sheet → |
| Q2'26 | April 28, 2026 | 10/12 | 3 medium, 3 low flags | 4 | 0 | Call sheet → |
| Q1'26 | 2026-01-29 | 10/12 | 4 medium, 4 low flags | 6 | 0 | Call sheet → |
| Q4'25 | 2025-10-28 | 10/12 | 2 medium, 3 low flags | 6 | 0 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q3'26 | Delivered | DPS-Pismo integrated solution piloting in Q4 Confirmed piloting in Q4 with first client secured |
| Q3'26 | Pending | Wells Fargo to migrate to Pismo's core account ledger Still described as 'over the coming years', no acceleration mentioned |
| Q3'26 | Pending | Expect Q4 to be approximately 1 point step-up from Q3 revenue growth Now guiding Q4 at high end of low double digits, similar to Q3 adjusted basis |
| Q3'26 | Delivered | Operating expense growth expected in low teens for Q3 17% growth technically in 'teens' but at high end |
| Q3'26 | Exceeded | Q3 EPS growth expected mid to high single digits Delivered 11% growth, well above mid-high single digit guidance |
| Q3'26 | Exceeded | Q3 net revenue growth expected in low double digits Delivered 14% growth, above low double digits guidance |
| Q2'26 | Delivered | Expanding Pismo to 15 new countries since acquisition Reached target with France, Philippines, Paraguay, Romania in Q2 |
| Q2'26 | Exceeded | Volatility drag throughout the year Volatility performed better than expected in Q2 |
| Q2'26 | Delivered | Step-up in incentive growth from Q1 to Q2 14% vs 12% growth as forecasted |
| Q2'26 | Delivered | Q2 expense step-up due to Olympics and FIFA 17% expense growth as expected, marketing-driven |
| Q2'26 | Pending | Tax rate between 19-20% long term FY26 lowered to 18-18.5% due to legal settlement benefits |
| Q2'26 | Pending | Adjusted operating expense growth in low double digits Raised to 'low double digits to low teens' due to FIFA marketing |
| Q2'26 | Pending | Full year adjusted net revenue growth in low double digits Raised to 'low double digits to low teens' - exceeded original guidance |
| Q1'26 | Exceeded | Commercial solutions would show strong performance 20% CMS revenue growth was better than expected |
| Q1'26 | Delivered | Cross-border would remain strong 11% growth maintained from prior quarter despite mix headwinds |
| Q1'26 | Exceeded | Value-added services momentum would continue 28% growth exceeded expectations and drove 50% of total growth |
| Q1'26 | Delivered | Marketing expenses would step up in Q2 and Q3 for Olympics/FIFA Q1 showed higher marketing expenses as predicted, with more to come |
| Q1'26 | Delivered | Benefits of new pricing similar in magnitude to 2024 Pricing contributed as expected in Q1 with majority still coming in back half |
| Q1'26 | Delivered | Q3 would have highest incentive growth rate in 2025 Q3 2025 incentives grew faster than other quarters as promised |
| Q1'26 | Pending | Full year adjusted net revenue growth in low double digits Maintained guidance despite FX volatility headwinds - we'll track this |
| Q4'25 | Delivered | Q4 adjusted net revenue growth expected in high single digits to low double digits Came in at 12% nominal, 11% constant currency - within guided range |
| Q4'25 | Delivered | We expected to expand Pismo to clients in more than 5 countries across 4 regions in 2025 Achieved the goal and signed first Pismo stablecoin-linked card deal with Gnosis Pay |
| Q4'25 | Delivered | We are targeting 25 countries for Visa Accept launch with Sri Lanka first Sri Lanka launched, targeting 7M sellers, with 25-country expansion confirmed |
| Q4'25 | Delivered | We expected pricing benefits in FY25 to be similar to FY24 but more back-half weighted Pricing contributed meaningfully to Q4 data processing and service revenue growth |
| Q4'25 | Delivered | We expected Q4 to be the highest growth quarter for incentives in FY25 Incentives grew 17% vs 13% in Q3, as guided |
| Q4'25 | Exceeded | We will soon enter the live transaction pilot phase for agentic commerce with general availability to follow later this year Actually delivered - now powering live agentic transactions and released merchant agent toolkit |
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