U.S. Movers: CoStar, PayPal, S&P Global, Starbucks, Visa

Scott Peters
30 Apr, 2025
New York City

Visa Inc. gained 0.6% to $343.50 after the digital payment company reported second-quarter 2025 results.

Net revenue climbed to $9.59 billion from $8.77 billion, net income dropped to $4.58 billion from $4.66 billion, and diluted earnings per share rose to $2.32 from $2.29 a year ago.

Total cross-border volume surged 13% in the quarter, as payments volume increased 8% and the number of processed transactions jumped 9%.

The total number of cards jumped 7%, of which credit cards were up 5% and debit cards up 8%.

The company returned $5.6 billion in dividends and share repurchases and authorized a new $30.0 billion multi-year share repurchase program.

Visa guided third-quarter revenue to grow at a low double-digit percent, compared to $8.9 billion in 2024, and diluted earnings per share to increase at high teens, compared to $2.40 a year earlier.

The company estimated operating expenses to increase by a low double-digit percent in the third quarter, compared to $3.0 billion a year ago.

For the full year, the company said revenue is expected to grow at a low double-digit percent, compared to $35.9 billion in 2024, and diluted earnings per share to increase by low teens, compared to GAAP diluted earnings per share of $9.73 a year earlier.

Operating expense for the full year is expected to grow at a high single-digit to low double-digit percent, compared to $12.33 billion a year ago.

S&P Global Inc. traded flat at $491.76 after the financial information and analytics company reported first-quarter 2025 results.

Revenue edged up 8% to $3.78 billion from $3.49 billion, net income jumped 10% to $1.09 billion from $991 million, and diluted earnings per share climbed 12% to $3.54 from $3.16 a year ago.

Separately, the company announced its plan to separate its Mobility division into a standalone public company in a deal to be completed within 12 to 18 months.

The data analytics company guided fiscal 2025 revenue to grow between 4% and 6%, compared to $14.21 billion in 2024, and diluted earnings per share to increase between $14.60 and $15.10, compared to $12.35 a year earlier.

The operating profit margin is expected to be between 42.5% and 43.5%, compared to 39.3% in 2024.

Starbucks Corp. dropped 6.5% to $79.33 after the coffee chain retailer reported second-quarter 2025 results.

Revenue jumped 2.3% to $8.76 billion from $8.56 billion, net earnings slumped 50.3% to $384.2 million from $772.4 million, and diluted earnings per share fell 50% to 34 cents from 68 cents a year ago.

Sales in North America increased 1.5%, while international sales jumped 6.2% in the quarter.

Global comparable sales declined 1%, driven by a 2% decline in comparable transactions, partially offset by a 1% increase in average ticket.

North America comparable store sales dropped 1%, while international comparable store sales increased 2%, and comparable sales in China were flat.

The company opened 213 net new stores in the second quarter, ending the period with 40,789 stores, of which 53% are company-operated and 47% are licensed.

The U.S. and China comprised 61% of the company’s global portfolio, with 17,122 and 7,758 stores in the U.S. and China, respectively.

CoStar Group Inc. eased 0.6% to $82.24 after the technology provider to the property markets reported first-quarter 2025 results.

Revenue jumped to $732 million from $656 million, net income swung to a loss of $14.8 million from a profit of $6.7 million, and diluted earnings per share swung to a loss of 4 cents from a profit of 2 cents a year ago.

The company guided fiscal 2025 revenue to be between $3.11 billion and $3.15 billion, compared to $2.74 billion in 2024.

Second-quarter revenue is expected to range between $770 million and $775 million, compared to $678 million a year earlier.

PayPal Holdings Inc. eased 0.3% to $66.15 after the online payment platform operator reported first-quarter 2025 results.

Revenue jumped to $7.79 billion from $7.70 billion, net income surged to $1.29 billion from $888 million, and diluted earnings per share rose to $1.29 from 83 cents a year ago.

“This is our fifth consecutive quarter of profitable growth with progress across branded checkout, PSP, omnichannel, and Venmo,” the company said in a release to investors.