Visa is laying off about 2,600 employees, or 7% of its workforce, and plans to redirect the savings into growth areas including affluent customers, cross-border activity, business payments, stablecoins, and geographic expansion. The move follows a fiscal third quarter in which net revenue rose 14% year-over-year to $11.6 billion and non-GAAP earnings per share advanced 11% to $3.32, while value-added services revenue surged 34% on a constant-currency basis to $3.8 billion. Management now expects full-year net revenue growth at the low end of low teens and EPS growth at the low end of mid-teens. Visa stock trades at a forward price-to-earnings ratio of 27.9 times, and analysts maintain a consensus Strong Buy rating with 33 of 40 analysts rating it Strong Buy.
Visa Inc. Class AStrong earnings and EPS growth, with cost cuts and investment plans, support positive outlook.