CNBC’s Jim Cramer said Wednesday that Visa’s strong earnings may spark a sustained turnaround in the stock after a lackluster stretch. “It was disturbing to see it go down, down, down, because it makes you think that maybe things are slowing” in the economy, he said on ” Squawk on the Street .” “I don’t feel that way after this quarter.” Shares of Visa jumped more than 8% Wednesday after the payments processor reported a quarterly beat on both earnings and revenue the night before. Investors were especially encouraged by the 12% increase in total cross-border volume — a closely watched proxy for international travel and one of the company’s key growth drivers. It also includes international e-commerce transactions. “It’s been just an OK stock this year,” Cramer said, alluding to the fact Visa shares were down almost 12% in 2026 through Tuesday’s close. “What you needed…was to see cross-border go double digits, and cross-border did, and that’s a good sign.” Visa also announced a $20 billion buyback authorization and raised its full-year guidance, reinforcing confidence in spending trends. CEO Ryan McInerney emphasized that demand remained resilient despite ongoing geopolitical uncertainty. “Ourcross-border business is veryresilient; it’s welldistributed,” McInerney said Wednesday night on Visa’s fiscal 2026 second-quarter earnings call. “And while there is some impact in the Middle East as we saw in Q2 and we do expect to see in Q3, we’ve seen that there’s offsetting factors: strength in other regions, other parts of the business.” For example, he mentioned the World Cup in North America this summer as a potential tailwind. Cramer noted that Visa has also leaned into emerging technologies like blockchain and stablecoins, which investors have feared could disrupt its core business. However, Cramer argued anyone buying Visa’s stock should care more about its current fundamentals than long-dated innovation bets. “If you buy it off that, I think that you are thinking very far into the future,” Cramer said. “The fact is, the cross-border was better than I expected, and that’s going to be enough to be able to reverse the decline in the stock.”
