James Fawcett

“I wanted to ask kind of a follow-on question related to how you're investing in agentic commerce and all the new money movement capabilities. As these flows continue to develop, how much of an opportunity do you expect to genuinely be incremental to Visa versus potentially a migration of existing card volumes?”

“I want to touch on the increase in pay and acts and kind of the comments that were made in the shareholder letter about getting some increased participation from merchants there.”

“I just wanted to follow up a little bit on the AI opportunities and initiatives and maybe how that we should expect that will flow through to earnings and margins in particular.”

“I wanted to ask quickly on forward flow and financing, just wondering how we should think about expectations for loans sold on both pay later and fair financing and how we should think about evolution of gain-on-sale margins with the fair value change.”

“I was just hoping we could double-click on the change in general contractor for Phase 2.”