Visa (V) Balance Sheet: Assets & Liabilities

Visa (V) Balance Sheet

As of Sep 30, 2025 (end of fiscal 2025), Visa reported total assets of $99.63B and total liabilities of $61.72B. Shareholders' equity was $37.91B, down 3.1% from $39.14B a year earlier. Total debt stood at $25.17B against $19.00B in cash and short-term investments, a net debt position of $6.17B. That puts debt-to-equity at 0.66, compared with 0.53 a year earlier.

Visa Balance Sheet Analysis

Values in billions USD

Income Statement Balance Sheet Cash Flow Ratios

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Balance sheet showing assets, liabilities, and shareholders' equity for Visa Inc. (V) - 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
Current Assets
Cash and Cash Equivalents	17.16	11.98	16.29	15.69	16.49	16.29	7.84	8.16	9.87
Short-Term Investments	1.83	3.20	3.84	2.83	2.03	3.75	4.24	3.55	3.56
Cash & Short-Term Investments	19.00	15.18	20.13	18.52	18.51	20.04	12.07	11.71	13.44
Accounts Receivable	3.13	7.02	4.47	2.02	3.73	2.88	4.59	2.79	2.55
Inventory	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Current Assets	4.84	11.84	8.93	3.94	5.37	4.72	4.31	3.72	3.03
Total Current Assets	37.77	34.03	33.53	30.21	27.61	27.65	20.97	18.22	19.02
Non-Current Assets
Property, Plant & Equipment (Net)	4.24	3.82	3.43	3.22	2.72	2.74	2.70	2.47	2.25
Long-Term Investments	1.00	2.55	1.92	2.14	1.71	0.23	2.16	4.08	1.93
Goodwill	19.88	18.94	18.00	17.79	15.96	15.91	15.66	15.19	15.11
Intangible Assets	27.65	29.05	26.10	25.07	27.66	27.81	26.78	27.56	27.85
Other Non-Current Assets	9.10	8.28	7.39	7.09	7.25	6.59	4.32	1.70	1.82
Total Non-Current Assets	61.86	60.48	56.97	55.30	55.29	53.27	51.60	51.01	48.95
Total Assets	99.63	94.51	90.50	85.50	82.90	80.92	72.57	69.23	67.98
Current Liabilities
Accounts Payable	0.56	5.74	0.38	0.34	0.27	0.17	0.16	0.18	0.18
Short-Term Debt	5.57	0.00	0.00	2.25	1.00	3.11	0.00	0.00	1.75
Current Portion of Long-Term Debt	5.57	-	-	2.25	1.00	-	-	-	-
Accrued Liabilities	8.50	8.17	8.27	5.18	4.53	-	-	-	-
Other Current Liabilities	13.99	12.60	21.12	8.44	14.15	11.10	12.93	10.87	7.82
Total Current Liabilities	35.05	26.52	23.10	20.85	15.74	14.51	13.42	11.31	9.99
Non-Current Liabilities
Long-Term Debt	19.60	20.84	20.46	20.20	19.98	21.53	16.73	16.63	16.62
Deferred Tax Liabilities	5.55	5.30	5.11	5.33	6.13	5.24	4.81	4.62	5.98
Other Non-Current Liabilities	1.52	8.02	3.09	3.54	3.46	3.43	2.94	2.67	2.63
Total Non-Current Liabilities	26.67	28.86	28.67	29.07	29.57	30.20	24.48	23.91	25.22
Total Liabilities	61.72	55.37	51.77	49.92	45.31	44.71	37.89	35.22	35.22
Stockholders' Equity
Common Stock	0.00	0.00	0.00	19.55	21.94	0.00	0.00	0.00	0.00
Retained Earnings	15.11	17.19	18.04	16.12	15.35	14.09	13.50	11.32	9.51
Accumulated Other Comprehensive Income	0.25	-0.31	-1.32	-2.37	0.44	0.35	-0.65	0.55	0.88
Additional Paid-in Capital	21.93	21.23	20.31	19.55	-3.21	16.68	16.37	16.67	16.85
Shares Outstanding	1.93	1.97	2.02	2.08	-	-	-	-	-
Total Stockholders' Equity	37.91	39.14	38.73	35.58	37.59	36.21	34.68	34.01	32.76
Total Liabilities & Equity	99.63	94.51	90.50	85.50	82.90	80.92	72.57	69.23	67.98

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

Frequently Asked Questions About Visa Balance Sheet

How much debt does Visa have?

Visa had total debt of $25.17B as of Sep 30, 2025, against $19.00B in cash and short-term investments. Its debt-to-equity ratio was 0.66. Total debt was $20.84B a year earlier.

What are Visa's total assets?

Visa reported total assets of $99.63B as of Sep 30, 2025, up 5.4% from $94.51B a year earlier. Total liabilities were $61.72B.

What is Visa's shareholders' equity?

Visa's shareholders' equity was $37.91B as of Sep 30, 2025, or about $19.69 of book value per share.

What is the debt-to-equity ratio?

The debt-to-equity ratio divides a company's total debt by its shareholders' equity. It shows how much of the business is financed with borrowed money; normal levels vary widely by industry. Full definition