Svmuu News: Visa announced its financial results for the second quarter of fiscal year 2026, reporting net revenue of $11.2 billion, up 17% year-over-year; GAAP net income of $6.0 billion, up 32% year-over-year; and earnings per share of $3.14, up 36% year-over-year—all of which exceeded market expectations.
In April of this year, the company’s board of directors approved a new multi-year stock repurchase program with a total value of $20 billion.
Regarding its stablecoin business, Visa disclosed that the annualized volume of its stablecoin settlement pilot has reached $7 billion, a 50% increase from the previous quarter. The program currently covers nine blockchain networks, including Polygon and Base, and operates more than 130 stablecoin-linked card programs in over 50 countries.
In March of this year, Visa partnered with Bridge, a stablecoin infrastructure company owned by Stripe, to expand its stablecoin-linked card services to more than 100 countries. Earlier reports indicated that Visa, Mastercard, and Stripe are exploring the joint development of a stablecoin infrastructure platform to promote the adoption of stablecoins in the global commercial system.