# Beta Finch Podcast Script - Visa Q2 2026 Earnings **ALEX:** Welcome to Beta Finch, your AI-powered earnings breakdown where we dive deep into the numbers that matter. I'm Alex, and I'm here with my co-host Jordan to break down Visa's absolutely stellar Q2 2026 results. Before we jump in, I need to mention that this podcast is AI-generated content for educational and entertainment purposes only. Nothing we discuss should be considered investment advice. Always do your own research and consult a qualified financial advisor before making any investment decisions. **JORDAN:** Thanks Alex, and wow - where do we even start with these numbers? Visa just delivered what CEO Ryan McInerney called "the strongest net revenue growth since 2022" - and when you exclude post-pandemic recovery periods, we're talking about the strongest growth since 2013! **ALEX:** The headline numbers are just incredible. Net revenue jumped 17% year-over-year to $11.2 billion, and earnings per share grew 20%. But Jordan, what really caught my attention was how broad-based this strength was across all their business segments. **JORDAN:** Absolutely. Let's break this down for our listeners. Payments volume grew 9% to $3.7 trillion - that's trillion with a T - and they processed 66 billion transactions, also up 9%. But here's what's really interesting: their Value-Added Services business, which is becoming a huge growth driver, jumped 27% and now represents 30% of their total revenue. **ALEX:** That VAS number is crucial because it shows Visa isn't just a traditional payments processor anymore. They're becoming this comprehensive financial technology platform. Ryan McInerney spent a lot of time talking about four key growth drivers, and AI-powered "agentic commerce" was front and center. **JORDAN:** Right, and I have to admit, some of this agentic commerce stuff sounds pretty futuristic. Essentially, they're betting that AI agents - think ChatGPT but for shopping - will create entirely new categories of transactions. These agents might split purchases across multiple transactions to optimize pricing, or even pay for their own data consumption transaction by transaction. **ALEX:** It sounds wild, but McInerney made a compelling case. He said agents will prefer to use Visa cards because they offer privacy, broad acceptance, built-in security protections, and rewards. Plus, Visa already has 5 billion credentials across 200 countries - that's a massive head start. **JORDAN:** The stablecoin strategy was equally fascinating. They're positioning themselves as what McInerney called a "hyperscaling bridge layer" between cryptocurrency infrastructure and real-world applications. They now have over 160 stablecoin card programs globally, and that payment volume grew nearly 200% year-over-year. **ALEX:** And get this - they're settling $7 billion annually in stablecoins with their financial partners, up more than 50% just since last quarter. They've added five new blockchains for settlement, bringing their total to nine. This isn't some distant future play - it's happening right now. **JORDAN:** Let's talk about that Wells Fargo announcement because that was a huge validation of their Pismo acquisition. Wells Fargo is migrating to Pismo's core account ledger as part of their banking modernization. When you can land one of the biggest banks in the US, that's a pretty strong signal about your technology. **ALEX:** CFO Chris Suh was really bullish about their guidance too. They raised their full-year net revenue growth outlook to "low double-digit to low teens" - and they specifically mentioned increased client enthusiasm around the FIFA World Cup driving higher value-added services revenue. **JORDAN:** The FIFA example he gave was incredible. They partnered with one client in Latin America with nearly 20 million cards for FIFA campaigns. In just over three months, that client saw a 10% lift in active cards, and Visa generated $10 million in VAS revenue. That's th This episode includes AI-generated content.
