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Visa, Spotify, and UnitedHealth seen as resilient if Fed stays put

The Fed held its benchmark rate at 3.5% to 3.75% at the July 29 meeting, while three voting members wanted a quarter-point increase.

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With the Federal Reserve keeping its benchmark rate elevated, analysts highlighted Visa, Spotify, and UnitedHealth as companies they expect could hold up better than peers that rely more heavily on cheaper financing. The Fed kept the policy rate in a 3.5% to 3.75% target range at its July 29 meeting, and three voting members preferred a quarter-point rate increase, according to MarketBeat Ratings.

The report argues that when borrowing costs stay steady or rise, the market focus can shift from companies waiting for rate cuts to businesses that can keep compounding through their existing cash generation or demand. It singles out models tied to transaction volume, recurring revenue, or essential usage as relatively better positioned than firms whose growth depends on lower interest rates.

For Visa, MarketBeat Ratings points to a transaction-fee revenue structure that it says is less exposed to changes in lending conditions. The outlet also cites Visa’s Q3 2026 results, including 14% year-over-year net revenue growth and 11% EPS growth, with each supported by about 10% growth in processed transactions and payments volume.

The article links Visa’s performance to a mix of payment drivers, including improvements in commercial payments volume, Visa Direct transaction growth, and increases in value-added services revenue, suggesting it is not dependent on one segment alone.

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