Visa Q2 Revenue Reaches $11.2 Billion, Up 17% Year-on-Year; Stablecoin Settlement Pilot Annualized Volume Hits $7 Billion

Odaily reports that Visa has announced its financial results for the second quarter of fiscal year 2026. Net revenue was $11.2 billion, a 17% increase year-over-year; GAAP net profit was $6.0 billion, a 32% increase year-over-year; earnings per share were $3.14, a 36% increase year-over-year. All figures exceeded market expectations.

The company's board of directors approved a new multi-year stock buyback program totaling $20 billion in April of this year.

Regarding its stablecoin business, Visa disclosed that its stablecoin settlement pilot has reached an annualized volume of $7 billion, representing a 50% increase from the previous quarter. The pilot currently covers 9 blockchain networks, including Polygon and Base, and operates over 130 stablecoin-linked card programs across more than 50 countries.

In March of this year, Visa partnered with Bridge, a stablecoin infrastructure company under Stripe, to expand its stablecoin-linked card services to over 100 countries. Previous reports indicated that Visa, Mastercard, and Stripe are exploring the joint development of a stablecoin infrastructure platform to promote the application of stablecoins within the global commerce system.