Visa Q2 Revenue Hits $11.2 Billion, Up 17% YoY, Stablecoin Settlement Pilot Reaches $7 Billion Annualized

Odaily reported that Visa announced its fiscal 2026 second-quarter results, with net revenue of $11.2 billion, a 17% year-over-year increase; GAAP net income of $6 billion, up 32% year-over-year; and earnings per share of $3.14, a 36% year-over-year increase, all exceeding market expectations.

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

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

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