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.
Visa Inc. V is set to report its third-quarter fiscal 2026 results on July 28, 2026, after market close. The Zacks Consensus Estimate for the to-be-reported quarter's earnings is currently pegged at $3.23 per share on revenues of $11.35 billion.
U.S. Secretary of State Marco Rubio on Thursday announced a new visa restriction policy that he said would target individuals responsible for or complicit in cybercrime and cyber-enabled crimes.
Beyond analysts' top-and-bottom-line estimates for Visa (V), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2026.