Visa Tops Third-Quarter Earnings Estimates After Cutting 2,600 Jobs to Boost Artificial Intelligence Spending
Visa reported a fiscal third-quarter profit that beat Wall Street estimates hours after the payments company announced it will cut roughly 2,600 jobs, or 7% of its workforce, to streamline operations and increase spending on artificial intelligence.
Adjusted earnings per share reached $3.32, surpassing a $3.23 estimate, while net revenue came in at $11.6 billion. The restructuring plan targets staff as chief executive Ryan McInerney seeks to reorganize the company’s workforce in a more competitive payments market.
From the sources (22 posts)
@firstsquawkVISA TO CUT 7% OF ITS WORKFORCE, TOTALING ABOUT 2,600 JOBS
@wallstengineVISA $V TO CUT 7% OF ITS WORKFORCE, TOTALING ABOUT 2,600 JOBS
@negligible_cap*VISA TO CUT 7% OF ITS WORKFORCE, TOTALING ABOUT 2,600 JOBS “To capture the opportunities ahead and best position Visa to lead this transformation, we must continue evolving how we work,” McInerney wrote. “AI is also helping to accelerate
@polymarketmoneyBREAKING: Visa plans to cut 7% of its workforce, eliminating roughly 2,600 jobs.
@thestalwartVisa is cutting 7% of its workforce
@businessVisa is eliminating about 2,600 jobs as CEO Ryan McInerney seeks to make the firm more efficient as it competes in an increasingly tough payments industry
@ftr_investors$V Visa plans to cut 7% of its workforce (around 2,600 jobs) to improve efficiency amid a more competitive payments market. The layoffs will primarily affect the company's technology and product teams 💳⚙️
@polymarketJUST IN: Visa to reportedly cut 2,600 jobs.
@firstsquawkVISA CONFIRMS MEDIA REPORT ON FIRM PLANNING TO LAY OFF 7% OF ITS WORKFORCE
@layoffaiVISA IS CUTTING 7% OF ITS WORKFORCE Bloomberg reports Visa plans to cut about 2,600 jobs, with technology and product teams taking the biggest hit. CEO Ryan McInerney wants a leaner company as payments competition tightens. The context ma
@stockmktnewzVisa $V just announced that it’s cutting 2,600 jobs, or about 7% of its workforce - WSJ
@macroedgeresVisa to cut 7% of its workforce, eliminating roughly 2,600 jobs #MacroEdge
@exec_sumBREAKING: Visa laid off 7% of jobs, about 2,600 people, in an AI efficiency push $V
@unusual_whalesVisa, $V, has announced plans to cut 2,600 people.
@cointelegraph🚨 UPDATE: Visa is cutting 7% of its workforce, or about 2,600 jobs, as it streamlines operations and increases investment in AI and other growth areas.
@financialjuice$V Visa Q3 2026 Earnings Adj. EPS $3.32, est. $3.23 Rev. $11.6B, est. $11.4B Total Visa processed transactions $71.7B, est. $71.17B
@trendspider$V Q3 Earnings Double Beat Adj. EPS: $3.32 vs $3.23 est Sales: $11.633B vs $11.388B est 🟥 -0.27%
@stockmktnewzVISA $V JUST REPORTED EARNINGS EPS of $3.32 beating expectations of $3.23 🟢 Revenue of $11.6B beating expectations of $11.4B🟢
@alphasenseinc$V Earnings: - GAAP net income of $5.6B or $2.97 per share and non-GAAP net income of $6.3B or $3.32 per share - Net revenue of $11.6B, an increase of 14%, or 13% on a constant-dollar basis - Share repurchases and dividends of $6.2B "Visa
@wallstengineVISA $V Q3’26 EARNINGS HIGHLIGHTS 🔹 Revenue: $11.6B (Est. $11.39B) 🟢; +14% YoY 🔹 Adj. EPS: $3.32 (Est. $3.23) 🟢; +11% YoY 🔹 Payments Volume: +10% YoY 🔹 Cross-Border Volume Total: +13% YoY Other Q3 Metrics: 🔹 Payments Volume: +10% YoY 🔹 Cr
@thetranscript_Visa CEO: "Visa delivered a strong fiscal third quarter, with net revenue up 14% Y/Y GAAP EPS up 10% & non-GAAP EPS up 11%. Consumer & business spending remains resilient..." $V: -0.1% AH
@businessVisa reported a fiscal third-quarter profit that beat Wall Street estimates hours after the world’s biggest payments network told staff that it will eliminate roughly 2,600 jobs