Visa tops Q4 profit, expands stablecoin support
Visa narrowly beat fourth-quarter profit expectations, projected double-digit revenue growth for fiscal 2026, and plans to add support for four stablecoins across four blockchains that can be converted into more than 25 fiat currencies.
U.S. day-to-day spending helped lift transaction volumes in the quarter, while discretionary categories were softer. Cross-border volume rose 12% from a year earlier in the fourth quarter. The stock gained about 1% in late trading.
Chief Financial Officer Chris Suh highlighted broad-based spending, pointing to improvements in retail services and goods, travel and fuel on the earnings call. He indicated tariffs have not had a meaningful effect on results. The company guided to double-digit growth in fiscal 2026 net revenue on a constant-dollar basis.
Visa also is expanding its use of digital tokens to settle payments and move money across its network. Chief Executive Ryan McInerney noted that stablecoin-linked Visa card spending in the quarter was four times higher than a year earlier.
Since 2020, Visa has facilitated more than $140 billion in crypto and stablecoin flows, including over $100 billion in purchases of crypto and stablecoin assets using Visa credentials. The company has more than 130 stablecoin-linked card issuing programs in over 40 countries. Monthly stablecoin settlement volume has surpassed a $2.5 billion annualized run rate, according to the company.
The firm has been piloting stablecoin settlement for cross-border payouts. In late September it began a Visa Direct test that lets banks and financial institutions pre-fund payments using USDC and EURC. McInerney said Visa is extending its solutions layer so clients can access features such as minting and burning stablecoins through its tokenized asset platform.
Visa shares are up about 10% this year, ahead of Mastercard but still trailing American Express, which raised its 2025 outlook earlier this month, and Mastercard reports results on Thursday.
Visa also is expanding its use of digital tokens to settle payments and move money across its network. Chief Executive Ryan McInerney noted that stablecoin-linked Visa card spending in the quarter was four times higher than a year earlier.
“We are adding support for four stablecoins, running on four unique blockchains, representing two currencies, that we can accept and convert to over 25 traditional fiat currencies,”he added.
The firm has been piloting stablecoin settlement for cross-border payouts. In late September it began a Visa Direct test that lets banks and financial institutions pre-fund payments using USDC and EURC. McInerney said Visa is extending its solutions layer so clients can access features such as minting and burning stablecoins through its tokenized asset platform.
Visa shares are up about 10% this year, ahead of Mastercard but still trailing American Express, which raised its 2025 outlook earlier this month, and Mastercard reports results on Thursday.
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