Visa Q2 Revenue Reaches $11.2 Billion, Up 17% Year-over-Year; Annualized Stablecoin Settlement Pilot Reaches $7 Billion
Odaily reports that Visa has announced its fiscal second-quarter results for 2026. Net revenue was $11.2 billion, up 17% year-over-year; GAAP net income was $6.0 billion, up 32% year-over-year; and earnings per share were $3.14, up 36% year-over-year. All figures exceeded market expectations.
The company's board of directors approved a new multi-year stock repurchase program totaling $20 billion in April of 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. 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 in the global commercial system.
