Visa’s Q2 net revenue rose 17% to $11.2B, driven by 9% global payments volume growth and 11% cross-border increase, while only $7B of its $14T processed comes from cryptocurrencies despite 130 stablecoin card programs in 40 countries. CFO Chris Suh cautioned that stablecoin and agentic commerce ventures contribute minimally today.
Visa posted net revenue of $11.2B in Q2, up 17% year-on-year, driven by a 9% rise in global payments volume and an 11% increase in cross-border transactions. Total processed transactions grew 9%, supported by strong consumer, commercial and money-movement segments.
Since 2023, Visa has launched 130 stablecoin-linked card issuing programs across 40 countries, but only $7B of its $14T annual settlement volume originates from cryptocurrencies. This represents a small fraction of overall processed value despite broad program rollout.
CFO Chris Suh emphasized that stablecoins and agentic AI commerce contribute minimally to current revenue, noting the vast majority of Visa’s business remains in traditional fiat payments. He highlighted mature debit, credit and cross-border operations as the main growth drivers.
A federal judge granted preliminary approval to the proposed settlement between Visa, Mastercard and merchants, marking a key step toward resolving long-running antitrust litigation over interchange fees and reducing legal uncertainty.
