Visa's earnings exceeded expectations. Its CEO stated that the credit giant is exploring stablecoins. This summary is generated by AI. Visa reported its earnings for the third quarter of fiscal year 2023, with revenue of $10.17 billion, a year-over-year increase of 14%, and adjusted earnings of $5.83 billion. Despite concerns that they may disrupt traditional payment networks, the company remains focused on innovation in artificial intelligence and stablecoins. DeFodi Images / Getty Images. Visa's payment volume increased by 8% year-over-year, with transaction volume rising by 10%. Visa (V) reported fiscal third-quarter earnings that surpassed analyst expectations, with the company’s CEO stating they are committed to developing artificial intelligence and stablecoin products. The credit giant's revenue reached $10.17 billion, a 14% increase year-over-year, surpassing Visible Alpha's analyst consensus. Adjusted earnings grew from $4.91 billion, or $2.42 per share, in the same period last year to $5.83 billion, or $2.98 per share, also exceeding expectations. Visa's payment volume rose by 8%, and processed transactions increased by 10%. CEO Ryan McInerney stated that these results show consumer spending "remains resilient." McInerney also noted that Visa will continue to "focus on innovation and product development in dynamic areas like artificial intelligence and stablecoins," despite some concerns that stablecoins could have a negative impact on traditional payment networks. Stablecoins are cryptocurrencies pegged to another currency or financial asset, such as the dollar. The recently enacted GENIUS Act establishes a regulatory framework for private companies to issue stablecoins, which could open the door for merchants to bypass Visa and other card-based payment systems. Visa's stock fell nearly 3% in after-hours trading. As of Tuesday's close, the stock had risen about 11% in 2025. Read the original article on Investopedia.