BLS

What BLS International Services promised, and what happened

Every commitment management made on a call, tracked from the quarter it was made — reaffirmed, revised, diluted or quietly dropped.

Guidance record · Q1 FY27

what the last two calls moved 16 tracked 2 delivered 3 missed 11 open
  • Visa Business EBITDA Margin delivered said Q3 FY25 Promised: >30% Sustainable Q1 FY27: Achieved 40.3% margin, continuing the trend of performing well above the sustainable target.
  • Effective Tax Rate went quiet said Q3 FY25 Promised: ~12% for FY25 & FY26 Q1 FY27: The promise for FY25 & FY26 remains unverified. Management has now issued new guidance for ~12% ETR for FY27.
  • Revenue and Profitability Growth revised down said Q1 FY26 Promised: 20%-25% for next 3-4 years Q1 FY27: Management revised long-term organic growth guidance down to 15-20% for the next 5 years. Q1 FY27 revenue growth was 25% YoY.

The rest of the ledger

Above is what the last two calls moved. Pro opens all 16 tracked commitments for BLS International Services — every quarter's revision, the source quote behind each one, and the topics management has stopped answering.

See what Pro opens