The most interesting thing for crypto investors in Visa’s earnings isn’t revenue—it’s those few lines about stablecoins.
Visa released its FY2026 Q4 earnings on 10/27 (SEC 8-K + earnings call):
1️⃣ Q4 net revenue was $12.1 billion, up 13% year over year; non-GAAP EPS was $3.48
2️⃣ Full-year net revenue was $45.9 billion, up 15% year over year. Management called it the strongest performance in 15 years (excluding the pandemic rebound and M&A)
3️⃣ Stablecoin settlement reached an annualized run rate of over $25 billion, up 10x year over year, with support for 10 blockchains
4️⃣ One of the founding validators for Circle Arc; also a validator on Tempo and a super validator on Canton
5️⃣ Stablecoin prefunding and cross-border remittances on Visa Direct have moved from pilot to commercial production
6️⃣ More than 225 co-branded stablecoin card programs, up over 70% year over year
My take:
Traditional payment giants aren’t “sitting on the sidelines” when it comes to on-chain—they’re moving VisaNet on-chain. They’re staking out positions across the entire stack: validators, issuance, clearing and settlement, and card issuance.
An annualized $25 billion is still a drop in the bucket compared with Visa’s overall payment volume, but 10x growth tells us one thing: the endgame for stablecoins may not be to kill card networks, but to be absorbed by them.
As for US stocks, short-term price action depends on sentiment, but this cash-flow machine will keep running over the long term. Don’t short leading US stocks just because of a day or two of volatility. Historically, most people who did ended up one step closer to poverty.
I screen; I don’t educate. Do your own research.
Sources: Visa IR / SEC EDGAR 8-K, FY2026 Q4 earnings call transcript
Not investment advice.
Visa released its FY2026 Q4 earnings on 10/27 (SEC 8-K + earnings call):
1️⃣ Q4 net revenue was $12.1 billion, up 13% year over year; non-GAAP EPS was $3.48
2️⃣ Full-year net revenue was $45.9 billion, up 15% year over year. Management called it the strongest performance in 15 years (excluding the pandemic rebound and M&A)
3️⃣ Stablecoin settlement reached an annualized run rate of over $25 billion, up 10x year over year, with support for 10 blockchains
4️⃣ One of the founding validators for Circle Arc; also a validator on Tempo and a super validator on Canton
5️⃣ Stablecoin prefunding and cross-border remittances on Visa Direct have moved from pilot to commercial production
6️⃣ More than 225 co-branded stablecoin card programs, up over 70% year over year
My take:
Traditional payment giants aren’t “sitting on the sidelines” when it comes to on-chain—they’re moving VisaNet on-chain. They’re staking out positions across the entire stack: validators, issuance, clearing and settlement, and card issuance.
An annualized $25 billion is still a drop in the bucket compared with Visa’s overall payment volume, but 10x growth tells us one thing: the endgame for stablecoins may not be to kill card networks, but to be absorbed by them.
As for US stocks, short-term price action depends on sentiment, but this cash-flow machine will keep running over the long term. Don’t short leading US stocks just because of a day or two of volatility. Historically, most people who did ended up one step closer to poverty.
I screen; I don’t educate. Do your own research.
Sources: Visa IR / SEC EDGAR 8-K, FY2026 Q4 earnings call transcript
Not investment advice.