Visa Q2 revenue reaches $11.2 billion, up 17% year-on-year; stablecoin settlement pilot annualized scale hits $7 billion
ChainCatcher reports that Visa announced its financial results for the second quarter of fiscal year 2026, with net revenue of $11.2 billion, up 17% year-on-year; GAAP net profit of $6 billion, up 32% year-on-year; and earnings per share of $3.14, up 36% year-on-year, all exceeding market expectations.
In April, the board authorized a new multi-year stock repurchase program worth $20 billion. In terms of stablecoin business, Visa's settlement pilot has reached an annualized scale of $7 billion, a 50% increase from the previous quarter, covering nine blockchain networks (including Polygon and Base), and operating over 130 stablecoin-linked card programs across more than 50 countries.
In March this year, Visa partnered with Bridge, a stablecoin infrastructure company under Stripe, to expand stablecoin-linked cards to over 100 countries. According to reports in early June this year, Visa, Mastercard, and Stripe are exploring the joint development of a stablecoin platform. If the three major payment networks cooperate on stablecoin infrastructure, it could establish a de facto standard for the circulation of digital dollars in global commerce.
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