Visa Inc. Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	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
Operating Revenue	41,391	40,000	35,926	32,653	29,310	24,105
Revenue	41,391	40,000	35,926	32,653	29,310	24,105
Revenue Growth (YoY)	12.47%	11.34%	10.02%	11.41%	21.59%	10.34%
Cost of Revenue	920	894	778	736	743	730
Gross Profit	40,471	39,106	35,148	31,917	28,567	23,375
Selling, General & Admin	11,484	11,078	10,118	9,047	8,025	6,612
Other Operating Expenses	-	-	-	-	-	152
Operating Expenses	12,748	12,298	11,152	9,990	8,886	7,568
Operating Income	27,723	26,808	23,996	21,927	19,681	15,807
Interest Expense	-601	-589	-641	-644	-538	-513
Interest & Investment Income	758	791	992	745	69	-
Other Non Operating Income (Expenses)	49	49	14	18	88	25
EBT Excluding Unusual Items	27,929	27,059	24,361	22,046	19,300	15,319
Merger & Restructuring Charges	-	-213	-	-	-	-
Gain (Loss) on Sale of Investments	17	-51	-44	-82	-296	747
Legal Settlements	-3,226	-2,562	-462	-927	-868	-3
Other Unusual Items	-	-39	61	-	-	-
Pretax Income	24,720	24,194	23,916	21,037	18,136	16,063
Income Tax Expense	3,928	4,136	4,173	3,764	3,179	3,752
Net Income	20,792	20,058	19,743	17,273	14,957	12,311
Preferred Dividends & Other Adjustments	200	205	286	284	327	303
Net Income to Common	20,592	19,853	19,457	16,989	14,630	12,008
Net Income Growth	4.11%	1.60%	14.30%	15.48%	21.49%	13.30%
Shares Outstanding (Basic)	1,929	1,940	1,990	2,039	1,936	2,121
Shares Outstanding (Diluted)	1,953	1,966	2,029	2,085	2,136	2,188
Shares Change (YoY)	-3.03%	-3.10%	-2.69%	-2.39%	-2.38%	-1.57%
EPS (Basic)	10.68	10.23	9.78	8.33	7.56	5.66
EPS (Diluted)	10.65	10.20	9.73	8.28	7.00	5.63
EPS Growth	7.36%	4.85%	17.45%	18.31%	24.45%	15.11%
Free Cash Flow	22,928	21,577	18,693	19,696	17,879	14,522
Free Cash Flow Per Share	11.74	10.97	9.21	9.45	8.37	6.64
Dividend Per Share	2.520	2.440	2.150	1.870	1.575	1.335
Dividend Growth	13.51%	13.49%	14.97%	18.73%	17.98%	9.43%
Gross Margin	97.78%	97.77%	97.83%	97.75%	97.47%	96.97%
Operating Margin	66.98%	67.02%	66.79%	67.15%	67.15%	65.58%
Profit Margin	49.75%	49.63%	54.16%	52.03%	49.91%	49.81%
Free Cash Flow Margin	55.39%	53.94%	52.03%	60.32%	61.00%	60.25%
EBITDA	28,987	28,028	25,030	22,870	20,542	16,611
EBITDA Margin	70.03%	70.07%	69.67%	70.04%	70.08%	68.91%
D&A For EBITDA	1,264	1,220	1,034	943	861	804
EBIT	27,723	26,808	23,996	21,927	19,681	15,807
EBIT Margin	66.98%	67.02%	66.79%	67.15%	67.15%	65.58%
Effective Tax Rate	15.89%	17.09%	17.45%	17.89%	17.53%	23.36%

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