Visa's Earnings Topped Expectations. Its CEO Says the Credit Giant Is Exploring Stablecoins

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Visa's payments volume increased 8% year-over-year and its processed transactions grew 10% Visa (V) reported fiscal third-quarter earnings that topped analysts' expectations, as the company's chief executive said it is working on developing AI and stablecoin products.

The credit titan delivered revenue of $10.17 billion, up 14% year-over-year and above the analyst consensus from Visible Alpha. Adjusted earnings rose to $5.83 billon, or $2.98 per share, from $4.91 billion, or $2.42 per share a year earlier, also exceeding estimates. Visa's payments volume increased 8% and its processed transactions grew 10%.

CEO Ryan McInerney said the results showed consumer spending "remains resilient."

McInerney also said Visa will continue to "focus on innovation and product development in dynamic areas like AI and stablecoins," amid some worries stablecoins could negatively impact traditional payment networks.

Stablecoins are cryptocurrencies with a value pegged to another currency or financial asset, such as the U.S. dollar. The recently enacted GENIUS Act established a regulatory framework for private companies to issue stablecoins, potentially opening the door for merchants to bypass card-based payment systems offed by Visa and other payments providers.

Visa shares declined close to 3% in after-hours trading. The stock was up about 11% for 2025 through Tuesday's close.

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