The payments company said profit came in at $5.63 billion amid resilient consumer and business spending.
Visa Inc. is preparing to lay off about 2,600 workers, or about 7% of its workforce, the payments processing giant confirmed with Fast Company.
Visa CEO Ryan McInerney says artificial intelligence is helping ‘shape the way work gets done.' The payments giant reports earnings after the closing bell Tuesday.
Visa is cutting about 2,600 jobs, or 7% of its workforce, primarily from its technology and product teams, Bloomberg reported Tuesday (July 28), citing a staff memo from Visa CEO Ryan McInerney.
Visa plans to cut 7% of its workforce, or about 2,600 jobs, in a bid to make the payments processor more efficient in a tough payments industry, Bloomberg News reported on Tuesday, citing a staff memo.
The 2026 Q2 earnings season is in full swing, with this week's reporting docket jam-packed with notable companies. Among them are two peers: Mastercard (MA) and Visa (V).
Visa remains a dominant global payment processor, posting robust revenue and transaction growth in fiscal 2026. Despite strong fundamentals and innovation in stablecoin platforms, V's valuation remains too high to warrant a bullish upgrade. I maintain a 'hold' rating, awaiting Q3 2026 results for potential catalysts, with analysts expecting further revenue and EPS growth.
Stablecoins spent years waiting for regulatory legitimacy. Now that legitimacy is creating a more complicated problem: almost everyone wants a piece of the business.
In the closing of the recent trading day, Visa (V) stood at $355.74, denoting a +1.18% move from the preceding trading day.
For those seeking cash-generators, both Visa (V) and Apple (AAPL) fit the criteria nicely, with each also soon to report quarterly results.
Visa remains a steady compounder, consistently outperforming the S&P 500 over the past decade. I maintain a "Buy" rating, expecting another earnings and revenue beat driven by robust business fundamentals and a resilient duopoly with Mastercard. V trades at a discount to its 10-year average despite improving profitability, offering a reasonable entry point ahead of earnings.
Visa and Airwallex are joining forces to develop embedded-finance solutions for freight and shipping platforms. The collaboration, announced Thursday (July 23) is designed to modernize the way businesses in these sectors manage payments working capital and cross-border commerce.