Visa Raises Guidance, Cuts 2,600 Jobs in AI Restructuring
V sits 23% above its 52-week low of $293.89.
Summary
Visa delivered a strong Q3 with revenue and earnings growth, payments volume and transactions up ~10%, and raised full-year revenue and EPS guidance. Simultaneously, the company is cutting about 2,600 jobs (~7% of workforce), mostly in tech and product, citing AI-driven efficiency gains. CEO Ryan McInerney framed this as a 'new era' of geographic expansion and new verticals like stablecoins, following the recent launch of Open USD and a $38 billion antitrust settlement. The job cuts signal a serious cost restructuring that could boost margins, while the guidance raise confirms underlying business momentum. Shares rose ~1.6% premarket, reflecting a positive initial reaction. The earnings call later today will provide more detail on the restructuring costs and stablecoin strategy.
At the time of this announcement, V was trading at $362.37 on NYSE in the Finance sector, with a market capitalization of approximately $690.7B. The 52-week trading range was $293.89 to $371.16. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.