Preview: Visa rises ahead of earnings after announcing 7% job cuts

Visa

28/07/2026 18:12

** Shares of Visa V.N rise 1% to $366.62 ahead of its quarterly earnings result due on Tuesday after markets close
** Wall Street analysts are expecting a ~12% rise in net revenue to $11.4 bln culminating in an adj EPS of $3.23, up 8.3%
** V plans to cut 7% of its workforce, or about 2,600 jobs,  as the payments processor seeks to become more efficient, the company announced 
** Consumer spending remained resilient in the second quarter of 2026, which is usually positive for the world's largest payments processor
** Among 45 analysts covering Visa, avg rating is "BUY" and median PT is $410, per LSEG data
** V is up 4.8% YTD vs S&P 500 Financial's .SPSY 4.8% increase
     

 (Reporting by Chibuike Oguh in New York)
 ((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))