Visa rises ahead of earnings after announcing 7% job cuts
V•Analyst view and stock performance
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.
Analysts expect revenue and EPS growth
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%.
Shares rise ahead of quarterly results
Shares of Visa V.N rise 1% to $366.62 ahead of its quarterly earnings result due on Tuesday after markets close.
Workforce reduction and spending backdrop
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.
