Visa 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
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	7,832	7,855	7,042	6,567	5,733	4,970
Gross Profit	33,559	32,145	28,884	26,086	23,577	19,135
Selling, General & Admin	4,572	4,369	3,793	3,216	3,035	2,524
Depreciation & Amortization Expenses	1,264	1,220	1,034	943	861	804
Other Operating Expenses	3,226	2,562	462	927	868	3
Total Operating Expenses	9,062	8,151	5,289	5,086	4,764	3,331
Operating Income	24,497	23,994	23,595	21,000	18,813	15,804
Interest Income	824	789	962	681	-139	772
Interest Expense	-601	-589	-641	-644	-538	-513
Total Non-Operating Income (Expense)	223	200	321	37	-677	259
Pretax Income	24,720	24,194	23,916	21,037	18,136	16,063
Provision for Income Taxes	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
Net Income to Common	20,792	20,058	19,743	17,273	14,957	12,311
Net Income Growth	4.11%	1.60%	14.30%	15.48%	21.49%	13.30%
Shares Outstanding (Basic)	1,930	1,940	1,992	2,047	2,084	2,129
Shares Outstanding (Diluted)	2,180	2,192	2,400	2,514	2,569	2,626
Shares Change (YoY)	-6.88%	-8.66%	-4.52%	-2.16%	-2.14%	-1.46%
EPS (Basic)	10.66	10.22	9.74	8.29	7.01	5.63
EPS (Diluted)	10.66	10.20	9.73	8.28	7.00	5.63
EPS Growth	7.46%	4.83%	17.51%	18.29%	24.33%	15.13%
Free Cash Flow	22,928	21,577	18,693	19,696	17,879	14,522
Free Cash Flow Growth	6.26%	15.43%	-5.09%	10.16%	23.12%	49.65%
Free Cash Flow Per Share	10.52	9.84	7.79	7.83	6.96	5.53
Dividends Per Share	2.520	2.440	2.150	1.870	1.575	1.335
Dividend Growth	3.28%	13.49%	14.97%	18.73%	17.98%	9.43%
Gross Margin	81.08%	80.36%	80.40%	79.89%	80.44%	79.38%
Operating Margin	59.18%	59.98%	65.68%	64.31%	64.19%	65.56%
Profit Margin	50.23%	50.14%	54.95%	52.90%	51.03%	51.07%
FCF Margin	55.39%	53.94%	52.03%	60.32%	61.00%	60.24%
EBITDA	25,761	25,214	24,629	21,943	19,674	16,608
EBITDA Margin	62.24%	63.03%	68.55%	67.20%	67.12%	68.90%
EBIT	24,497	23,994	23,595	21,000	18,813	15,804
EBIT Margin	59.18%	59.98%	65.68%	64.31%	64.19%	65.56%
Effective Tax Rate	15.89%	17.10%	17.45%	17.89%	17.53%	23.36%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q