Visa Inc. (V): Stephen Mandel Likes This Payments Company

We just covered Lone Pine’s Non-AI Strategy Falters: 10 Non-AI Stocks Weighing Down Stephen Mandel’s 2026 Returns and Visa Inc. (NYSE:V) ranks 8th on this list.

Visa Inc. (NYSE:V) has been a staple in the 13F portfolio of Lone Pine Capital. The fund first disclosed a stake in the company back in the third quarter of 2011. This position comprised over 9 million shares. In the following quarter, the fund added to this holding by more than 111%, growing the stake to just under 20 million shares. Thereafter, it trimmed the position in the next quarter before selling it off completely. New positions were then opened in 2012-2013, 2014-2017, 2020, and 2021-2023. Filings for the fourth quarter of 2025 show that the fund had yet again opened a new position in the stock comprising over 15,000 shares.

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Despite the 11% fall in Visa Inc. (NYSE:V) this year, the business itself is arguably as healthy as ever. In Q1 2026, the company delivered 15% revenue growth, $10.9 billion, and 15% EPS growth, $3.17, both beating analyst estimates. It also maintained operating margins at an industry-leading 68%. The stablecoin settlement activity of the firm reached a $4.5 billion annualized run rate in January. The firm operates as a payment technology company in the United States and internationally. It offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services.

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