Visa Income Statement

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

Millions USD. Fiscal year is Oct - Sep.

Quarter Ended	2024-03-31	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	+30 Quarters
Revenue	8,775	8,634	8,609	8,123	7,985	7,936	7,787	7,275	7,189	7,059	6,559	6,130	5,729	5,687	5,101	4,837	5,854	6,054	6,137	5,840	5,494	5,506	5,434	5,240	5,073	4,862	4,855	4,565	4,477	4,461	4,261	3,630	3,626	3,565	3,571	3,518	3,409	3,382	3,229	3,155	Upgrade
Revenue Growth (YoY)	9.89%	8.80%	10.56%	11.66%	11.07%	12.42%	18.72%	18.68%	25.48%	24.13%	28.58%	26.73%	-2.14%	-6.06%	-16.88%	-17.17%	6.55%	9.95%	12.94%	11.45%	8.30%	13.25%	11.93%	14.79%	13.31%	8.99%	13.94%	25.76%	23.47%	25.13%	19.32%	3.18%	6.37%	5.41%	10.59%	11.51%	7.78%	7.19%	8.61%	5.13%	Upgrade
Cost of Revenue	1,603	1,479	1,498	1,481	1,515	1,337	1,356	1,283	1,226	1,125	1,047	1,098	1,114	981	922	941	940	982	871	872	894	807	815	852	824	679	655	698	704	571	690	509	528	499	521	566	483	509	496	463	Upgrade
Gross Profit	7,172	7,155	7,111	6,642	6,470	6,599	6,431	5,992	5,963	5,934	5,512	5,032	4,615	4,706	4,179	3,896	4,914	5,072	5,266	4,968	4,600	4,699	4,619	4,388	4,249	4,183	4,200	3,867	3,773	3,890	3,571	3,121	3,098	3,066	3,050	2,952	2,926	2,873	2,733	2,692	Upgrade
Selling, General & Admin	950	764	988	744	721	763	930	719	764	622	802	580	651	491	648	527	607	693	796	710	606	643	855	582	591	551	672	553	682	484	643	573	416	422	503	443	408	401	488	436	Upgrade
Other Operating Expenses	868	437	573	874	413	746	414	1,125	397	536	395	388	383	371	389	370	383	363	735	350	353	339	358	921	322	305	316	290	283	306	303	2,120	248	248	264	247	237	234	693	236	Upgrade
Operating Expenses	1,818	1,201	1,561	1,618	1,134	1,509	1,344	1,844	1,161	1,158	1,197	968	1,034	862	1,037	897	990	1,056	1,531	1,060	959	982	1,213	1,503	913	856	988	843	965	790	946	2,693	664	670	767	690	645	635	1,181	672	Upgrade
Operating Income	5,354	5,954	5,550	5,024	5,336	5,090	5,087	4,148	4,802	4,776	4,315	4,064	3,581	3,844	3,142	2,999	3,924	4,016	3,735	3,908	3,641	3,717	3,406	2,885	3,336	3,327	3,212	3,024	2,808	3,100	2,625	428	2,434	2,396	2,283	2,262	2,281	2,238	1,552	2,020	Upgrade
Interest Expense / Income	82	187	183	182	142	137	159	111	134	134	125	131	121	136	145	142	118	111	120	128	140	145	150	155	153	154	148	140	135	140	135	131	132	29	1	-8	7	3	8	0	Upgrade
Other Expense / Income	-241	-275	-269	-304	-84	-24	60	208	126	-255	-108	-456	-168	-40	-58	-75	-23	-69	-96	-86	-176	-58	-282	-82	-34	-66	-35	-30	-29	-19	-20	-125	-139	-272	-1	102	-8	-27	-6	-10	Upgrade
Pretax Income	5,513	6,042	5,636	5,146	5,278	4,977	4,868	3,829	4,542	4,897	4,298	4,389	3,628	3,748	3,055	2,932	3,829	3,974	3,711	3,866	3,677	3,630	3,538	2,812	3,217	3,239	3,099	2,914	2,702	2,979	2,510	422	2,441	2,639	2,283	2,168	2,282	2,262	1,550	2,030	Upgrade
Income Tax	850	1,152	955	990	1,021	798	928	418	895	938	714	1,814	602	622	918	559	745	702	686	765	700	653	693	483	612	717	959	855	2,272	909	579	10	734	698	771	471	732	693	477	670	Upgrade
Net Income	4,663	4,890	4,681	4,156	4,257	4,179	3,940	3,411	3,647	3,959	3,584	2,575	3,026	3,126	2,137	2,373	3,084	3,272	3,025	3,101	2,977	2,977	2,845	2,329	2,605	2,522	2,140	2,059	430	2,070	1,931	412	1,707	1,941	1,512	1,697	1,550	1,569	1,073	1,360	Upgrade
Net Income Growth	9.54%	17.01%	18.81%	21.84%	16.73%	5.56%	9.93%	32.47%	20.52%	26.65%	67.71%	8.51%	-1.88%	-4.46%	-29.36%	-23.48%	3.59%	9.91%	6.33%	33.15%	14.28%	18.04%	32.94%	13.11%	505.81%	21.84%	10.82%	399.76%	-74.81%	6.65%	27.71%	-75.72%	10.13%	23.71%	40.91%	24.78%	-3.00%	11.51%	-9.98%	11.02%	Upgrade
Shares Outstanding (Basic)	1,833	1,838	1,858	1,869	1,879	1,884	1,894	1,897	1,909	1,924	1,937	1,946	1,951	1,950	1,938	1,946	1,959	1,969	1,981	1,992	2,005	2,017	2,031	2,041	2,055	2,069	2,080	2,099	2,114	2,122	2,143	2,162	2,173	2,202	2,194	2,220	2,228	2,241	2,240	2,253	Upgrade
Shares Outstanding (Diluted)	2,293	2,299	2,319	2,335	2,348	2,357	2,370	2,384	2,397	2,414	2,428	2,439	2,449	2,456	2,467	2,470	2,484	2,496	2,511	2,522	2,536	2,548	2,562	2,578	2,594	2,611	2,624	2,644	2,666	2,683	2,702	2,649	2,665	2,695	2,712	2,713	2,725	2,745	2,764	2,782	Upgrade
Shares Change	-2.34%	-2.46%	-2.15%	-2.06%	-2.04%	-2.36%	-2.39%	-2.26%	-2.12%	-1.71%	-1.58%	-1.26%	-1.41%	-1.60%	-1.75%	-2.06%	-2.05%	-2.04%	-1.99%	-2.17%	-2.24%	-2.41%	-2.36%	-2.50%	-2.70%	-2.68%	-2.89%	-0.19%	0.04%	-0.45%	-0.37%	-2.36%	-2.20%	-1.82%	-1.88%	-2.48%	-2.85%	-24.67%	-4.59%	-24.73%	Upgrade
EPS (Basic)	2.29	2.39	2.26	2.00	2.04	1.99	1.86	1.60	1.70	1.84	1.64	1.18	1.38	1.42	0.98	1.07	1.39	1.46	1.34	1.37	1.31	1.30	1.23	1.00	1.12	1.07	0.90	0.87	0.18	0.86	0.80	0.17	0.71	0.80	0.62	0.69	0.63	0.63	0.43	0.54	Upgrade
EPS (Diluted)	2.29	2.39	2.26	2.00	2.03	1.99	1.86	1.60	1.70	1.83	1.65	1.18	1.38	1.42	0.97	1.07	1.38	1.46	1.35	1.37	1.31	1.30	1.23	1.00	1.11	1.07	0.90	0.86	0.18	0.86	0.79	0.17	0.71	0.80	0.62	0.69	0.63	0.63	0.44	0.54	Upgrade
EPS Growth	12.81%	20.10%	21.51%	25.00%	19.41%	8.74%	12.73%	35.59%	23.19%	28.87%	70.10%	10.28%	0%	-2.74%	-28.15%	-21.90%	5.34%	12.31%	9.76%	37.00%	18.02%	21.50%	36.67%	16.28%	516.67%	24.42%	13.92%	405.88%	-74.65%	7.50%	27.42%	-75.36%	12.70%	26.98%	40.91%	27.78%	0%	14.55%	-5.38%	14.89%	Upgrade
Free Cash Flow	4,257	3,347	6,622	5,502	3,650	3,922	5,581	5,017	3,222	4,059	3,763	4,235	3,171	3,353	1,928	2,841	1,251	3,684	3,793	3,190	1,908	3,137	3,267	3,581	2,703	2,672	2,693	3,342	250	2,337	2,311	171	716	1,853	1,596	2,037	890	1,657	1,566	1,833	Upgrade
Free Cash Flow Per Share	2.11	1.66	3.25	2.68	1.77	1.90	2.69	2.41	1.54	1.93	1.77	1.99	1.49	1.57	0.91	1.33	0.58	1.71	1.75	1.46	0.87	1.42	1.47	1.61	1.20	1.18	1.19	1.46	0.11	1.00	0.98	0.07	0.30	0.77	0.66	0.84	0.49	0.91	0.86	1.00	Upgrade
Dividend Per Share	0.520	0.520	0.450	0.450	0.450	0.450	0.375	0.375	0.375	0.375	0.320	0.320	0.320	0.320	0.300	0.300	0.300	0.300	0.250	0.250	0.250	0.250	0.210	0.210	0.210	0.195	0.165	0.165	0.165	0.165	0.140	0.140	0.140	0.140	0.120	0.120	0.120	0.120	0.100	0.100	Upgrade
Dividend Growth	15.56%	15.56%	20.00%	20.00%	20.00%	20.00%	17.19%	17.19%	17.19%	17.19%	6.67%	6.67%	6.67%	6.67%	20.00%	20.00%	20.00%	20.00%	19.05%	19.05%	19.05%	28.21%	27.27%	27.27%	27.27%	18.18%	17.86%	17.86%	17.86%	17.86%	16.67%	16.67%	16.67%	16.67%	20.00%	20.00%	20.00%	20.00%	20.48%	20.48%	Upgrade
Gross Margin	81.73%	82.87%	82.60%	81.77%	81.03%	83.15%	82.59%	82.36%	82.95%	84.06%	84.04%	82.09%	80.56%	82.75%	81.93%	80.55%	83.94%	83.78%	85.81%	85.07%	83.73%	85.34%	85.00%	83.74%	83.76%	86.03%	86.51%	84.71%	84.28%	87.20%	83.81%	85.98%	85.44%	86.00%	85.41%	83.91%	85.83%	84.95%	84.64%	85.32%	Upgrade
Operating Margin	61.01%	68.96%	64.47%	61.85%	66.83%	64.14%	65.33%	57.02%	66.80%	67.66%	65.79%	66.30%	62.51%	67.59%	61.60%	62.00%	67.03%	66.34%	60.86%	66.92%	66.27%	67.51%	62.68%	55.06%	65.76%	68.43%	66.16%	66.24%	62.72%	69.49%	61.61%	11.79%	67.13%	67.21%	63.93%	64.30%	66.91%	66.17%	48.06%	64.03%	Upgrade
Profit Margin	53.14%	56.64%	54.37%	51.16%	53.31%	52.66%	50.60%	46.89%	50.73%	56.08%	54.64%	42.01%	52.82%	54.97%	41.89%	49.06%	52.68%	54.05%	49.29%	53.10%	54.19%	54.07%	52.36%	44.45%	51.35%	51.87%	44.08%	45.10%	9.60%	46.40%	45.32%	11.35%	47.08%	54.45%	42.34%	48.24%	45.47%	46.39%	33.23%	43.11%	Upgrade
Free Cash Flow Margin	48.51%	38.77%	76.92%	67.73%	45.71%	49.42%	71.67%	68.96%	44.82%	57.50%	57.37%	69.09%	55.35%	58.96%	37.80%	58.73%	21.37%	60.85%	61.81%	54.62%	34.73%	56.97%	60.12%	68.34%	53.28%	54.96%	55.47%	73.21%	5.58%	52.39%	54.24%	4.71%	19.75%	51.98%	44.69%	57.90%	26.11%	48.99%	48.50%	58.10%	Upgrade
Effective Tax Rate	15.42%	19.07%	16.94%	19.24%	19.34%	16.03%	19.06%	10.92%	19.70%	19.15%	16.61%	41.33%	16.59%	16.60%	30.05%	19.07%	19.46%	17.66%	18.49%	19.79%	19.04%	17.99%	19.59%	17.18%	19.02%	22.14%	30.95%	29.34%	84.09%	30.51%	23.07%	2.37%	30.07%	26.45%	33.77%	21.73%	32.08%	30.64%	30.77%	33.00%	Upgrade
EBITDA	5,844	6,476	6,066	5,563	5,654	5,341	5,253	4,170	4,883	5,229	4,625	4,724	3,950	4,081	3,396	3,271	4,139	4,267	4,003	4,159	3,977	3,934	3,851	3,119	3,523	3,538	3,394	3,186	2,968	3,265	2,786	673	2,694	2,788	2,403	2,290	2,414	2,385	1,670	2,139	Upgrade
EBITDA Margin	66.60%	75.01%	70.46%	68.48%	70.81%	67.30%	67.46%	57.32%	67.92%	74.08%	70.51%	77.06%	68.95%	71.76%	66.58%	67.62%	70.70%	70.48%	65.23%	71.22%	72.39%	71.45%	70.87%	59.52%	69.45%	72.77%	69.91%	69.79%	66.29%	73.19%	65.38%	18.54%	74.30%	78.20%	67.29%	65.09%	70.81%	70.52%	51.72%	67.80%	Upgrade
Depreciation & Amortization	249	247	247	235	234	227	226	230	207	198	202	204	201	197	196	197	192	182	172	165	160	159	163	152	153	145	147	132	131	146	141	120	121	120	119	130	125	120	112	109	Upgrade
EBIT	5,595	6,229	5,819	5,328	5,420	5,114	5,027	3,940	4,676	5,031	4,423	4,520	3,749	3,884	3,200	3,074	3,947	4,085	3,831	3,994	3,817	3,775	3,688	2,967	3,370	3,393	3,247	3,054	2,837	3,119	2,645	553	2,573	2,668	2,284	2,160	2,289	2,265	1,558	2,030	Upgrade
EBIT Margin	63.76%	72.15%	67.59%	65.59%	67.88%	64.44%	64.56%	54.16%	65.04%	71.27%	67.43%	73.74%	65.44%	68.30%	62.73%	63.55%	67.42%	67.48%	62.42%	68.39%	69.48%	68.56%	67.87%	56.62%	66.43%	69.79%	66.88%	66.90%	63.37%	69.92%	62.07%	15.23%	70.96%	74.84%	63.96%	61.40%	67.15%	66.97%	48.25%	64.34%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).