Visa released its FY2026 Q2 financial results (as of April 29) on June 22: net revenue of $11.2 billion, up 17% year over year; GAAP net profit of $6.0 billion; earnings per share of $3.14, with all three metrics exceeding market expectations. Visa’s stablecoin settlement pilot has an annualized run rate of $7 billion, and the pilot has expanded to 9 blockchain networks including Polygon and Base.
Visa Q2 FY2026 Financial Data: Net Revenue, Net Profit, and EPS
According to Visa’s financial results release (FY2026 Q2, as of April 29, 2026):
Net revenue: $11.2 billion, up 17% year over year, exceeding market expectations
GAAP net profit: $6.0 billion, up 32% year over year
Earnings per share (EPS): $3.14, up 36% year over year, exceeding market expectations
Stock buybacks: The board approved a multi-year stock buyback program of $20 billion in April 2026
Stablecoin pilot status: 9 blockchain networks, and partnerships with 130+ credit card programs
According to Visa’s financial report disclosures:
Quantitative data: annualized run rate of $700 million, up 50% in a single quarter; expanded to 9 blockchain networks (including Polygon and Base, as of April 29, 2026); operating stablecoin-linked credit card programs in over 50 countries, totaling more than 130.
Visa-Stripe Bridge cooperation (announced March 3): Visa and Bridge, a stablecoin infrastructure company acquired by Stripe, reached a cooperation agreement to promote stablecoin-linked cards to more than 100 countries; the cooperation will connect Visa’s merchant network with Stripe’s developer ecosystem, enabling merchants to accept stablecoin payments without needing to understand the underlying blockchain.
Visa, Mastercard, and Stripe to Share a Stablecoin Platform
Early June reports said Visa, Mastercard, and Stripe are exploring the creation of a shared stablecoin platform. The media report has not yet been supported by official formal statements from the three companies; Visa’s financial report this time also made no specific statement about such a shared platform.
The reporting outlet’s analysis and assessment (not an official Visa position): If the stablecoin infrastructure partnership among the three major payment networks is realized, it could establish a de facto global standard for digital dollars in commercial circulation. It may increase transaction volume for stablecoin issuers such as Circle (USDC) and Tether (USDT), but Visa building its own settlement rails could also shift some transaction volume from existing DeFi protocols to its proprietary infrastructure.
FAQ
What does the $700 million annualized scale of Visa’s stablecoin pilot represent?
According to Visa’s financial report disclosure, the $700 million figure is the annualized run rate as of FY2026 Q2, with a 50% increase quarter over quarter. Visa’s global payments network processes transactions worth several hundred billion dollars each year, and the stablecoin portion of $700 million is still an early-stage scale. However, the expansion speed covering 9 blockchain networks and 50+ countries is the data point that drew widespread attention in this earnings report.
How will the $20 billion buyback plan affect Visa shareholders?
According to Visa’s announcement, the $20 billion multi-year stock buyback plan was approved by the board in April 2026. It improves earnings per share by reducing the number of outstanding shares. Visa’s EPS this quarter is already up 36% year over year; the buyback plan is proceeding in tandem with performance growth. The specific execution timeline and pace of the buyback will be subject to Visa’s subsequent announcements.
What is the potential impact of Visa’s stablecoin plan on the crypto market?
Based on the analysis and assessment in the reports, Visa’s expansion of stablecoin infrastructure could increase transaction volume for stablecoin issuers such as Circle and Tether, but Visa building its own settlement rails could also shift transaction volume from existing DeFi protocols. These are all analysis and assessments, not an explanation by Visa regarding market impact.
