Visa Inc. Income Statement

Financials in millions USD. Fiscal year is October - September.

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2016 - 2020
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021	2016 - 2020
Operating Revenue	40,000	35,926	32,653	29,310	24,105	Upgrade
Revenue	40,000	35,926	32,653	29,310	24,105	Upgrade
Revenue Growth (YoY)	11.34%	10.02%	11.41%	21.59%	10.34%	Upgrade
Cost of Revenue	894	778	736	743	730	Upgrade
Gross Profit	39,106	35,148	31,917	28,567	23,375	Upgrade
Selling, General & Admin	11,078	10,118	9,047	8,025	6,612	Upgrade
Other Operating Expenses	-	-	-	-	152	Upgrade
Operating Expenses	12,298	11,152	9,990	8,886	7,568	Upgrade
Operating Income	26,808	23,996	21,927	19,681	15,807	Upgrade
Interest Expense	-589	-641	-644	-538	-513	Upgrade
Interest & Investment Income	791	992	745	69	-	Upgrade
Other Non Operating Income (Expenses)	49	14	18	88	25	Upgrade
EBT Excluding Unusual Items	27,059	24,361	22,046	19,300	15,319	Upgrade
Merger & Restructuring Charges	-213	-	-	-	-	Upgrade
Gain (Loss) on Sale of Investments	-51	-44	-82	-296	747	Upgrade
Legal Settlements	-2,562	-462	-927	-868	-3	Upgrade
Other Unusual Items	-39	61	-	-	-	Upgrade
Pretax Income	24,194	23,916	21,037	18,136	16,063	Upgrade
Income Tax Expense	4,136	4,173	3,764	3,179	3,752	Upgrade
Net Income	20,058	19,743	17,273	14,957	12,311	Upgrade
Preferred Dividends & Other Adjustments	205	286	284	327	303	Upgrade
Net Income to Common	19,853	19,457	16,989	14,630	12,008	Upgrade
Net Income Growth	1.60%	14.30%	15.48%	21.49%	13.30%	Upgrade
Shares Outstanding (Basic)	1,940	1,990	2,039	1,936	2,121	Upgrade
Shares Outstanding (Diluted)	1,966	2,029	2,085	2,136	2,188	Upgrade
Shares Change (YoY)	-3.10%	-2.69%	-2.39%	-2.38%	-1.57%	Upgrade
EPS (Basic)	10.23	9.78	8.33	7.56	5.66	Upgrade
EPS (Diluted)	10.20	9.73	8.28	7.00	5.63	Upgrade
EPS Growth	4.85%	17.45%	18.31%	24.45%	15.11%	Upgrade
Free Cash Flow	21,577	18,693	19,696	17,879	14,522	Upgrade
Free Cash Flow Per Share	10.97	9.21	9.45	8.37	6.64	Upgrade
Dividend Per Share	2.440	2.150	1.870	1.575	1.335	Upgrade
Dividend Growth	13.49%	14.97%	18.73%	17.98%	9.43%	Upgrade
Gross Margin	97.77%	97.83%	97.75%	97.47%	96.97%	Upgrade
Operating Margin	67.02%	66.79%	67.15%	67.15%	65.58%	Upgrade
Profit Margin	49.63%	54.16%	52.03%	49.91%	49.81%	Upgrade
Free Cash Flow Margin	53.94%	52.03%	60.32%	61.00%	60.25%	Upgrade
EBITDA	28,028	25,030	22,870	20,542	16,611	Upgrade
EBITDA Margin	70.07%	69.67%	70.04%	70.08%	68.91%	Upgrade
D&A For EBITDA	1,220	1,034	943	861	804	Upgrade
EBIT	26,808	23,996	21,927	19,681	15,807	Upgrade
EBIT Margin	67.02%	66.79%	67.15%	67.15%	65.58%	Upgrade
Effective Tax Rate	17.09%	17.45%	17.89%	17.53%	23.36%	Upgrade

Source: S&P Global Market Intelligence. Standard template. Financial Sources.