World Cup Propels Visa's Revenues! Job Cuts and Cautious Forecast Weigh Down!
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Record Volume: In the third fiscal quarter of 2026, Visa's global payment volume surpassed the $4 trillion mark for the first time. Margin Optimization: Alongside a net revenue increase of 14%, Visa announced the reduction of approximately 2,600 positions in its IT and product teams. Outlook Dampened: Despite exceeding quarterly estimates, a lowered growth forecast weighed on the after-hours stock price. The US payment service provider Visa (i)(V) demonstrated robust operational performance in the third quarter of the fiscal year 2026,...
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