Visa (V) Financial Statements & Analysis

Visa (V) Income Statement

Visa reported revenue of $40.00B in fiscal 2025 (fiscal year ended Sep 30, 2025), up 11.3% from $35.93B a year earlier. Net income was $20.06B, up 1.6% year over year, a net margin of 50.1%. Gross margin was 80.4% and operating margin 60.0%. In the most recent quarter, Q3 fiscal 2026 (ended Jun 30, 2026), revenue was $11.63B, up 14.4% from the same quarter a year earlier.

Visa Income Statement Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Visa Inc. income statement - Annual data in billions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Revenue & Gross Profit
Revenue	40.00	35.93	32.65	29.31	24.11	21.85	22.98	20.61	18.36
Cost of Revenue	7.86	0.78	6.57	5.73	0.73	4.51	4.17	3.86	3.25
Gross Profit	32.15	35.15	26.09	23.58	23.38	17.33	18.81	16.75	15.11
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	4.37	10.12	3.22	3.04	6.61	2.48	2.76	2.58	2.39
Operating Expenses	8.15	11.55	4.16	4.76	7.57	3.25	3.81	3.80	2.97
Operating Income	23.99	23.60	21.93	18.81	15.80	14.08	15.00	12.95	12.14
Other Income/Expense
Interest Income	0.00	0.96	0.68	0.00	0.77	0.00	0.00	0.00	0.00
Interest Expense	0.59	-0.64	0.64	0.54	-0.51	0.52	0.53	0.61	0.56
Other Income/Expense	0.20	0.32	-0.25	-0.68	0.26	-0.29	-0.12	-0.15	-0.45
Income
Income Before Tax	24.19	23.92	21.04	18.14	16.06	13.79	14.88	12.81	11.69
Income Tax Expense	4.14	4.17	3.76	3.18	3.75	2.92	2.80	2.51	5.00
Net Income	20.06	19.74	17.27	14.96	12.31	10.87	12.08	10.30	6.70
Net Income - Continuous Operations	20.06	19.74	17.27	14.96	12.31	10.87	12.08	10.30	6.70
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	26.00	25.03	22.62	19.54	16.61	15.07	16.07	14.03	12.72
EBIT	26.81	24.00	21.68	18.67	15.81	-	-	-	-
Depreciation & Amortization	1.22	1.03	0.94	0.86	0.80	0.77	0.66	0.61	0.56
Earnings Per Share
Basic EPS	10.00	10.00	8.00	7.00	6.00	5.00	5.00	4.00	3.00
Diluted EPS	10.00	10.00	8.00	7.00	6.00	5.00	5.00	4.00	3.00
Basic Shares Outstanding	1.94	1.99	2.04	2.14	2.12	2.14	2.19	2.24	2.31
Diluted Shares Outstanding	1.97	2.03	2.51	2.14	2.19	2.22	2.27	2.33	2.40

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Visa Financial Statements

What was Visa's revenue in fiscal 2025?

Visa reported revenue of $40.00B in fiscal 2025 (fiscal year ended Sep 30, 2025). That was up 11.3% from $35.93B a year earlier.

Is Visa profitable?

Yes. Visa earned net income of $20.06B in fiscal 2025, a net margin of 50.1%. In fiscal 2024 it earned $19.74B.

What is Visa's operating margin?

Visa's operating income was $23.99B on revenue of $40.00B in fiscal 2025, an operating margin of 60.0%, compared with 65.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition