Mastercard’s gross dollar volume grew 8% on a local currency basis to $2.9 trillion in the second quarter of 2026. Businesses running on Stripe generated $1.9 trillion in total volume in 2025, up 34% from 2024, and equivalent to roughly 1.6% of global GDP. Adyen’s processed volume reached €803.8 billion in the first half of 2026, up 24%. These payment processing solutions statistics follow card networks, processors, bank rails, debit pricing and stablecoin settlement through company reports, central bank data and Nacha’s ACH figures.
Bank rails are moving too, including the Federal Reserve’s instant payment service. The FedNow Service settled 6,376,467 payments in 2026:Q3, with quarterly volume growth of 27.6%. On the Automated Clearing House (ACH) rail, the ACH Network carried 35.2 billion payments in 2025, valued at $93 trillion, according to Nacha.
Key Takeaways
- Visa’s cross-border volume grew 13% in its fiscal third quarter of 2026, ahead of payments volume growth of 10%.
- Adyen’s processed volume rose 24% in the first half of 2026, while Fiserv’s revenue fell 4% in the second quarter of 2026 under generally accepted accounting principles (GAAP).
- FedNow’s settled payments grew from 915,263 in 2024:Q4 to 6,376,467 in 2026:Q3.
- In 2024, an exempt dual-message debit transaction carried an average interchange fee of $0.61, against $0.22 for a covered transaction.
- Stablecoin payments volume doubled to around $400 billion in 2025, with 60% estimated to represent business-to-business payments, according to Stripe.
- Contactless payments made up 85% of non-remote card payments by number in the euro area in the second half of 2025.
Editor’s Choice
- Mastercard gross dollar volume, Q2 2026: $2.9 trillion.
- Stripe total volume, 2025: $1.9 trillion.
- PayPal total payment volume, Q2 2026: $486.4 billion.
- ACH Network value, 2025: $93 trillion.
- Euro area card payments, second half of 2025: 47.8 billion.
- Visa stablecoin settlement: more than a $20 billion annualized run rate.
Payment Processor Volume Statistics
- Mastercard’s gross dollar volume (GDV) reached $2.9 trillion in Q2 2026, growth of 8% on a local currency basis.
- PayPal’s total payment volume (TPV) increased 10% to $486.4 billion in the second quarter of 2026, or 9% currency-neutral.
- Square’s gross payment volume (GPV) grew 13% year over year in the second quarter to $72.848 billion.
- Adyen processed €803.8 billion in the half year ending June 30, 2026.
- Stripe processed $1.4 trillion in total payment volume in 2024, up 38%, before reaching $1.9 trillion in 2025.
| Processor | Volume measure | Period | Volume | Year-over-year change |
|---|---|---|---|---|
| Mastercard | Gross dollar volume | Q2 2026 | $2.9 trillion | 8% |
| Stripe | Total volume | 2025 | $1.9 trillion | 34% |
| Adyen | Processed volume | H1 2026 | €803.8 billion | 24% |
| PayPal | Total payment volume | Q2 2026 | $486.4 billion | 10% |
| Square | Gross payment volume | Q2 2026 | $72.848 billion | 13% |
Source: Mastercard Q2 2026 earnings release, Stripe 2025 annual letter, Adyen H1 2026 results, PayPal Q2 2026 earnings release, Block Q2 2026 shareholder letter
Each company measures volume differently, so the rows show scale and growth rather than a like-for-like ranking. Mastercard’s GDV measures volume on its card network, while Adyen and Stripe count volume they process for merchants.
About This Data
Figures come from 15 sources. They include 5 earnings releases filed with the SEC, 6 company press releases, 3 central bank and payment system publications, and 1 industry association release. They date from February 2025 to October 2026. Only company-reported or official figures qualify. Figures are reviewed on a rolling basis and updated when sources publish new editions.
Visa and Mastercard Network Growth Rates
- On the Visa network, payments volume for the three months ended June 30, 2026 increased 10% over the prior year on a constant-dollar basis.
- Visa’s cross-border volume grew 13% in total and 12% excluding transactions within Europe, the fastest of the six growth rates in the chart.
- Mastercard’s purchase volume rose 10% on a local currency basis in the second quarter, ahead of its GDV growth.
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Recent Developments
- October 20, 2026: FedNow settled 6,376,467 payments worth $370,862,703,867 in 2026:Q3, with quarterly value growth of 35.0%.
- August 13, 2026: Adyen reported H1 2026 net revenue of €1,302.9 million, up 19% year-on-year (21% on a constant currency basis).
- August 6, 2026: Fiserv reported GAAP revenue of $5.29 billion for the second quarter of 2026, a decrease of 4%.
- July 30, 2026: Mastercard reported second-quarter net revenue of $9.3 billion, an increase of 14%, or 12% on a currency-neutral basis.
- July 28, 2026: PayPal reported 6.8 billion payment transactions for the second quarter, up 8%.
Payment Company Revenue Statistics
- Visa’s net revenue in the fiscal third quarter was $11.6 billion, an increase of 14%; that $11.6 billion is the largest of the four revenue figures in the chart.
- Visa’s GAAP net income was $5.6 billion for the quarter.
- Mastercard’s payment network net revenue increased 10%, or 8% on a currency-neutral basis, below the 14% rise in company-wide net revenue to $9.3 billion.
- Fiserv’s GAAP revenue was $5.29 billion in the second quarter of 2026, down 4% from the second quarter of 2025.
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The two card networks grew revenue at double-digit rates while the merchant and bank technology provider Fiserv shrank. That gap shows how differently network tolls and processing services fared in the same quarter.
Stripe Payment Volume Statistics
- Businesses running on Stripe generated $1.9 trillion in total volume in 2025, up 34% from 2024.
- Stripe’s 2024 total payment volume of $1.4 trillion was equivalent to around 1.3% of global GDP.
- Stripe powers 90% of the Dow Jones Industrial Average and 80% of the Nasdaq 100.
- Stripe’s Revenue suite is on track to hit an annual run rate of $1 billion this year.
- Stripe’s volume rose by $0.5 trillion between 2024 and 2025.
| Stripe metric | 2024 | 2025 |
|---|---|---|
| Total volume | $1.4 trillion | $1.9 trillion |
| Growth over prior year | 38% | 34% |
| Share of global GDP | around 1.3% | roughly 1.6% |
Source: Stripe 2024 and 2025 annual letter announcements
Adyen Processed Volume Statistics
- Adyen’s processed volume grew 5% in H1 2025, or 23% excluding a single large volume customer.
- Processed volume grew 12% in H2 2025, or 19% excluding a single large-volume customer.
- Point-of-sale volume accounted for €173.1 billion of H2 2025 volume, up 26%.
- H1 2026 processed volume reached €803.8 billion, up 24% year-on-year, the highest of the three half-years charted.
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Key finding: Adyen’s H1 2025 volume growth of 5% rose to 23% once a single large volume customer was excluded. Growth then recovered to 24% in H1 2026, with net revenue of €1,302.9 million. Headline growth at a large processor can swing on a single large customer, so the customer-adjusted figure is the steadier signal.
Square Gross Payment Volume Statistics
- Square’s US GPV growth accelerated to 10% year over year, its strongest US growth rate since Q2 2023.
- International GPV grew 28% year over year, or 25% in constant currency.
- GPV from food and beverage sellers was up 20%, while retail and services sellers grew 13% and 7%.
- Square’s quarterly GPV rose from $64,248 million in Q2 2025 to $72,848 million in Q2 2026, the highest of the five quarters charted.
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PayPal Payment Volume and Transaction Statistics
- Payment transactions per active account on a trailing 12-month basis increased 3% to 60.0.
- Payment transactions excluding payment service provider transactions increased 7%.
- Active accounts increased 0.3% to 439 million.
- PayPal’s volume works out to $71.53 per payment transaction in the quarter.
| PayPal metric, Q2 2026 | Value | Year-over-year change |
|---|---|---|
| Total payment volume | $486.4 billion | 10% |
| Payment transactions | 6.8 billion | 8% |
| Active accounts | 439 million | 0.3% |
| Net revenues | $8.7 billion | 5% |
Source: PayPal Q2 2026 earnings release
FedNow Instant Payment Statistics
- FedNow settled 4,997,811 payments in 2026:Q2, quarterly volume growth of 83.2%.
- The average value per payment fell from $122,616 in 2025:Q3 to $58,161 in 2026:Q3.
- Average daily settled volume reached 69,309 payments in 2026:Q3, with an average daily value of $4,031,116,346.
- The FedNow quarterly statistics count settled customer credit transfers only.
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Why it matters: FedNow’s settled payments rose to 6,376,467 in 2026:Q3 while the average value per payment was $58,161, down from $99,414 in 2026:Q1. Falling ticket sizes alongside rising counts suggest the rail is picking up smaller, everyday transfers rather than only large business and treasury payments.
ACH Network Payment Statistics
- Full year ACH Network volume totaled 35.2 billion payments in 2025, up nearly 5% over 2024, with value up almost 8%.
- December 2025 saw the ACH Network’s highest ever monthly volume of 3.22 billion payments.
- Same Day ACH payments averaged 5.8 million per day in 2025, and 7.8 million per day in December 2025.
- The ACH Network’s 2025 payment count was 4,184 times the payments FedNow settled across the four quarters of 2025.
| ACH Network metric, 2025 | Value | Change vs 2024 |
|---|---|---|
| Total payments | 35.2 billion | up nearly 5% |
| Total value | $93 trillion | up almost 8% |
| Same Day ACH payments | 1.4 billion | 16.7% |
| Same Day ACH value | $3.9 trillion | 21.4% |
| Business-to-business payments | close to 8.1 billion | almost 10% |
| Healthcare claim payments | neared 548 million | 7.3% |
Source: Nacha, 2025 ACH Network results
Debit Card Interchange Fee Statistics
- Across all dual-message debit transactions in 2024, the average interchange fee was $0.37, or 0.79% of an average $47.24 transaction.
- Covered transactions made up 61.2% of dual-message transactions by number in 2024.
- Single-message networks averaged $0.26 per exempt transaction and $0.24 per covered transaction.
- On Mastercard debit, exempt transactions averaged $0.63 against $0.24 for covered transactions.
- Dual-message networks charged $0.61 on an average exempt transaction and $0.22 on a covered one, the headline gap in the chart.
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What is the debit interchange fee cap?
The Federal Reserve Board sets this cap. Regulation II provides that a covered issuer may not receive an interchange fee that exceeds $0.21 plus 0.05% of the transaction value, plus a $0.01 fraud-prevention adjustment if eligible. Exempt issuers sit outside that cap, which is why their average fees run higher.
Euro Area Card Payment Statistics
- The number of card payments within the euro area was 47.8 billion in the second half of 2025, 7.9% higher than a year earlier.
- Card payments totaled €1.8 trillion, an average value of around €39 per payment.
- Contactless card payments at physical terminals reached 32.9 billion, 11.9% higher than in the second half of 2024, and accounted for 85% of non-remote card payments by number.
- The split between remote and non-remote transactions was 19% to 81% by number of card payments and 30% to 70% by value, so in-person payments still carry most euro area card spending.
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Stablecoin Payment Processing Statistics
- Bridge, the stablecoin orchestration platform Stripe acquired, saw volume more than quadruple in 2025.
- Privy, acquired by Stripe in July 2025, powers more than 110 million programmable wallets.
- More than 160 stablecoin-linked card programs operate on Visa’s network, with payment volume on those programs growing nearly 200% year over year.
- Visa’s stablecoin settlement volume surpassed a $20 billion annualized run rate.
| Stablecoin metric | Value | Source |
|---|---|---|
| Stablecoin payments volume, 2025 | around $400 billion | Stripe |
| Share estimated to be business-to-business payments | 60% | Stripe |
| Visa stablecoin settlement run rate | more than $20 billion annualized | Visa |
| Visa stablecoin settlement growth | more than 15x year over year | Visa |
| Stablecoin-linked card programs on Visa | more than 160 | Visa |
Source: Stripe 2025 annual letter announcement, Visa onchain lending announcement
The takeaway: Stablecoin payments volume doubled to around $400 billion in 2025, with 60% estimated as business-to-business payments, while Visa’s stablecoin settlement run rate passed $20 billion. Both figures remain small beside card and bank rails, yet the processors themselves are now building the settlement layer.
Conclusion
Mastercard’s $2.9 trillion quarter and Stripe’s $1.9 trillion year show card and processor volume still growing at high single to double digits. The quieter shift sits on bank and stablecoin rails, where FedNow counts and stablecoin settlement are compounding from a small base.
Debit pricing remains the open policy question, with exempt and covered fees far apart. Each company’s next quarterly filing will show whether instant and stablecoin rails keep growing faster than cards.
