{
  "report_rows": [
    {
      "kpi": "Non-GAAP EPS (FQ3'26)",
      "prediction": "BEAT",
      "answer": "pred ~$3.28 vs. cons ~$3.23",
      "confidence": "HIGH"
    },
    {
      "kpi": "Net revenue (FQ3'26)",
      "prediction": "BEAT",
      "answer": "pred ~$11.50B vs. cons ~$11.36B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Cross-border volume growth ex-Europe cc (FQ3'26)",
      "prediction": "BEAT",
      "answer": "pred ~+11% vs. cons ~+9-10%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 net revenue growth guide",
      "prediction": "BETTER",
      "answer": "guide ~low-teens (~+12-13%) vs. cons ~+12% (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 non-GAAP EPS growth guide",
      "prediction": "BETTER",
      "answer": "guide ~low-teens (~$13.15) vs. cons ~$13.10 (FY26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Q4 net revenue growth (re-accel) guide",
      "prediction": "UNCHANGED",
      "answer": "guide ~+1pt re-accel to ~low-teens vs. cons ~+12% (FQ4'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FQ3 opex growth guide (FIFA marketing)",
      "prediction": "UNCHANGED",
      "answer": "guide ~low-teens vs. cons ~low-teens (FQ3'26)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "VAS growth durability commentary",
      "prediction": "BETTER",
      "answer": "pred ~+24-27% cc vs. framework ~16-18% (FQ3'26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.5,
  "day5_path": "STABILIZE",
  "day5_rationale": "Likely modest EPS/revenue beat plus resilient cross-border (FIFA/travel recovery post-Ramadan) drives an initial pop, but Q3 is management's guided trough (higher incentives, tougher FX-volatility comp, tax rate stepping to ~18.5%) and the stock is near highs/richly positioned vs. a lagging MA, capping upside. A likely reaffirm/modest FY26 raise supports estimates rather than a big cut, so no sharp fade; out-period math (Q4 re-accel already in numbers) leaves little fresh upside to chase. Net: initial gain largely holds but drifts sideways.",
  "day5_confidence": "LOW"
}