Visa reports $11.2B Q2 revenue, unveils $20B buyback as stablecoin pilot reaches $7B run rate

The payments company beat market expectations on quarterly revenue, profit and earnings, while highlighting faster growth in stablecoin settlement activity alongside a new multi-year repurchase plan.

Summary

Visa reported fiscal 2026 second-quarter net revenue of $11.2 billion, up 17%, GAAP net income of $6 billion, up 32%, and earnings per share of $3.14, up 36%, with all three topping market expectations. The company also said its board approved a new multi-year $20 billion share buyback plan in April. Alongside those results, Visa said the annualized volume of its stablecoin settlement pilot reached $7 billion, up 50% from the previous quarter, underscoring how the payments group is pairing shareholder returns and core financial growth with continued expansion into blockchain-based settlement infrastructure. Stablecoins are increasingly watched in payments because they can support faster settlement and cross-border transfers, making Visa’s pilot a notable signal of rising activity in crypto-linked payment rails.

Terms & Concepts
  • stablecoin: Digital token usually designed to maintain a fixed value, often by being pegged to a fiat currency.
  • stablecoin settlement pilot: A test program using stablecoins to move or settle payments outside traditional payment rails.
  • share buyback: A company program to repurchase its own stock, often used to return capital to shareholders.