Visa Inc. (V)

Visa Income Statement

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

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

Updated Oct 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q