Visa reported fiscal 2026 second-quarter results with net revenue of $11.2 billion, up 17% year over year, GAAP net income of $6.0 billion, up 32%, and earnings per share of $3.14, up 36%, all above market expectations. According to ChainCatcher, the board authorized a new $20 billion multi-year share repurchase program in April.

Visa said its stablecoin settlement pilot reached an annualized volume of $7.0 billion, up 50% from the prior quarter, spanning nine blockchain networks including Polygon and Base. The company said it operates more than 130 stablecoin-linked card programs across over 50 countries.

In March, Visa partnered with Bridge, a stablecoin infrastructure company under Stripe, to expand stablecoin-linked cards to more than 100 countries. Separately, reports from early June said Visa, Mastercard, and Stripe are exploring building a shared stablecoin platform, which could set a de facto standard for digital dollar circulation in global commerce if the three payment networks collaborate on stablecoin infrastructure.