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Visa and Stablecoins: Is 24/7 Crypto Settlement the Next Big Payments Breakthrough?

Visa’s first-quarter earnings for fiscal year 2026 reflect a robust overall performance with continued expansion and innovation across its portfolio. The company reported a 15% increase in net revenue year-over-year, reaching $10.9 billion, and a 15% jump in earnings per share, alongside a solid growth in payments volume. Revenue growth was driven by strong performances in value-added services, commercial and money movement solutions, and consumer payments. Key financial drivers include an 8% year-over-year growth in payments volume, a 9% increase in processed transactions, and an 11% growth in cross-border volume (excluding intra-Europe transactions), showcasing resilient consumer spending and international spending trends. The company achieved a 13% increase in service revenue and 17% growth in data processing revenue. However, international transaction revenue increased by only 6%, lagging behind cross-border volume growth due to lower-than-expected currency volatility and adverse mix and hedging impacts.