Visa beats Q3 expectations, but workforce cuts keep investors cautious 💳 Visa reported net revenue of $11.63 billion, up 14% year over year and above market expectations. Adjusted EPS reached $3.32, while payment volume increased 10% and surpassed $4 trillion for the first time. 🌍 Cross-border volume rose 13%, indicating resilient international spending and payment activity. However, operating expenses climbed 19% to $4.8 billion, adding pressure to margins. 🤖 The company plans to cut around 2,600 positions, or about 7% of its workforce, mainly across technology and product teams. The restructuring is intended to improve efficiency through AI and redirect resources toward stablecoins, on-chain payments and other high-growth services. 📉 Visa shares fell about 1% in after-hours trading. The results remain fundamentally strong, but the market reaction suggests investors are weighing current growth against near-term restructuring costs. #Visa