Visa Inc. (V)

Visa Balance Sheet

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

Fiscal Quarter	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021
Cash & Equivalents	14,756	17,164	17,092	11,734	12,367	11,975	12,947	12,993	13,591	16,286	15,590	13,842	13,334	15,689	14,047	12,299	14,720	16,487	18,034	16,494
Short-Term Investments	1,641	1,833	2,088	2,017	1,967	3,200	3,697	4,710	5,005	3,842	3,166	2,752	2,785	2,833	3,309	1,230	1,201	2,025	1,206	2,058
Cash & Short-Term Investments	16,397	18,997	19,180	13,751	14,334	15,175	16,644	17,703	18,596	20,128	18,756	16,594	16,119	18,522	17,356	13,529	15,921	18,512	19,240	18,552
Cash Growth	14.39%	25.19%	15.24%	-22.32%	-22.92%	-24.61%	-11.26%	6.68%	15.37%	8.67%	8.07%	22.66%	1.24%	0.05%	-9.79%	-27.07%	-11.75%	-7.63%	15.65%	52.68%
Accounts Receivable	6,443	7,317	7,698	6,963	6,273	7,015	4,649	5,830	5,031	4,474	4,736	4,064	4,240	3,952	3,881	3,767	3,956	3,726	3,515	3,225
Other Receivables	-	232	-	-	-	832	-	-	-	206	-	-	-	190	-	-	-	83	-	-
Receivables	6,443	7,549	7,698	6,963	6,273	7,847	4,649	5,830	5,031	4,680	4,736	4,064	4,240	4,142	3,881	3,767	3,956	3,809	3,515	3,225
Prepaid Expenses	1,457	985	1,973	2,643	2,424	1,238	1,596	1,547	1,488	1,328	1,204	1,236	1,049	828	1,462	1,269	1,092	613	726	736
Restricted Cash	4,708	4,198	3,735	3,859	4,081	4,264	2,857	2,588	2,881	2,699	2,542	2,547	2,458	2,346	2,688	1,908	1,319	1,052	3,240	3,064
Other Current Assets	5,992	6,037	5,812	5,718	5,510	5,509	5,293	5,107	4,736	4,697	4,432	4,216	3,993	4,367	3,584	3,618	3,618	3,621	1,321	1,324
Total Current Assets	34,997	37,766	38,398	32,934	32,622	34,033	31,039	32,775	32,732	33,532	31,670	28,657	27,859	30,205	28,971	24,091	25,906	27,607	28,042	26,901
Property, Plant & Equipment	4,276	2,591	4,143	4,023	3,974	2,537	3,766	3,630	3,472	2,116	3,370	3,359	3,236	2,112	3,146	3,120	2,908	2,110	2,707	2,684
Long-Term Investments	484	999	1,203	1,470	1,757	2,545	3,037	3,092	2,809	1,921	2,122	2,840	2,735	2,136	2,240	2,296	2,087	1,843	1,111	110
Goodwill	19,885	19,879	19,880	19,641	19,548	18,941	18,816	18,837	18,120	17,997	18,082	18,078	18,024	17,787	17,977	18,143	16,555	15,958	16,021	15,980
Other Intangible Assets	27,664	30,245	27,660	26,408	25,889	29,049	26,243	26,375	26,739	27,901	26,576	26,574	26,307	26,656	26,093	27,006	27,272	28,784	28,023	27,823
Long-Term Deferred Tax Assets	-	128	-	-	-	140	-	-	-	126	-	-	-	87	-	-	-	80	-	-
Other Long-Term Assets	9,508	8,019	8,740	8,377	8,098	7,266	8,139	7,690	7,537	6,906	7,414	7,247	7,226	6,518	6,983	7,152	7,201	6,514	6,767	6,697
Total Assets	96,814	99,627	100,024	92,853	91,888	94,511	91,040	92,399	91,409	90,499	89,234	86,755	85,387	85,501	85,410	81,808	81,929	82,896	82,671	80,195
Accounts Payable	433	555	462	421	405	479	331	338	348	375	281	280	258	340	228	182	252	266	172	126
Accrued Expenses	6,734	6,411	6,381	5,732	5,916	5,629	5,983	5,451	5,893	4,833	5,290	4,624	4,676	4,526	4,409	4,049	3,690	3,098	2,544	2,235
Current Portion of Long-Term Debt	1,589	5,569	5,548	3,948	3,929	-	-	-	-	-	-	-	-	2,250	3,249	3,548	3,247	999	-	-
Current Portion of Leases	-	150	-	-	-	150	-	-	-	106	-	-	-	98	-	-	-	103	-	-
Current Income Taxes Payable	-	512	-	-	-	577	-	-	-	1,500	-	-	-	365	-	-	-	325	-	-
Current Unearned Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	696	647
Other Current Liabilities	22,735	21,851	22,036	20,280	18,841	19,682	16,298	17,654	16,393	16,284	15,659	14,193	14,419	13,274	12,423	10,923	11,379	10,948	10,611	9,703
Total Current Liabilities	31,491	35,048	34,427	30,381	29,091	26,517	22,612	23,443	22,634	23,098	21,230	19,097	19,353	20,853	20,309	18,702	18,568	15,739	14,023	12,711
Long-Term Debt	19,588	19,602	19,590	16,814	16,680	20,836	20,602	20,603	20,703	20,777	20,560	20,606	20,487	20,522	20,546	17,479	17,673	19,978	20,996	20,974
Long-Term Leases	-	763	-	-	-	685	-	-	-	412	-	-	-	422	-	-	-	471	-	-
Long-Term Deferred Tax Liabilities	5,241	5,549	5,755	5,160	5,192	5,301	5,119	5,145	5,275	5,114	5,380	5,462	5,443	5,332	5,685	6,081	6,078	6,128	6,240	5,212
Other Long-Term Liabilities	1,717	756	1,588	2,468	2,629	2,035	2,978	2,723	3,064	2,365	3,083	3,025	3,180	2,791	3,387	3,557	3,416	2,991	3,622	3,602
Total Liabilities	58,037	61,718	61,360	54,823	53,592	55,374	51,311	51,914	51,676	51,766	50,253	48,190	48,463	49,920	49,927	45,819	45,735	45,307	44,881	42,499
Common Stock	-	-	-	-	-	-	-	-	20,490	-	20,290	20,095	19,827	19,545	-	-	-	18,855	-	-
Additional Paid-In Capital	21,980	21,934	21,746	21,579	21,324	21,229	20,832	20,709	-	20,452	-	-	-	-	18,962	18,876	18,776	-	18,787	18,505
Retained Earnings	16,018	15,106	15,956	16,518	17,438	17,289	18,578	19,347	18,422	18,040	17,908	17,610	16,403	16,116	14,960	14,651	14,606	15,351	15,294	15,513
Comprehensive Income & Other	228	124	91	-947	-1,370	-412	-1,106	-1,173	-794	-1,457	-1,003	-1,025	-1,287	-2,404	-1,290	-525	-183	303	577	331
Total Common Equity	38,226	37,164	37,793	37,150	37,392	38,106	38,304	38,883	38,118	37,035	37,195	36,680	34,943	33,257	32,632	33,002	33,199	34,509	34,658	34,349
Shareholders' Equity	38,777	37,909	38,664	38,030	38,296	39,137	39,729	40,485	39,733	38,733	38,981	38,565	36,924	35,581	35,483	35,989	36,194	37,589	37,790	37,696
Total Liabilities & Equity	96,814	99,627	100,024	92,853	91,888	94,511	91,040	92,399	91,409	90,499	89,234	86,755	85,387	85,501	85,410	81,808	81,929	82,896	82,671	80,195
Total Debt	21,177	26,084	25,138	20,762	20,609	21,671	20,602	20,603	20,703	21,295	20,560	20,606	20,487	23,292	23,795	21,027	20,920	21,551	20,996	20,974
Net Cash (Debt)	-4,780	-7,087	-5,958	-7,011	-6,275	-6,496	-3,958	-2,900	-2,107	-1,167	-1,804	-4,012	-4,368	-4,770	-6,439	-7,498	-4,999	-3,039	-1,756	-2,422
Net Cash Per Share	-2.47	-3.64	-3.04	-3.55	-3.16	-3.24	-1.95	-1.42	-1.03	-0.57	-0.87	-1.92	-2.08	-2.25	-3.02	-3.50	-2.32	-1.40	-0.80	-1.10
Filing Date Shares Outstanding	1,906	1,913	1,924	1,936	1,950	1,956	1,966	1,992	2,000	1,999	2,025	2,037	2,044	2,048	2,055	2,066	2,080	2,090	2,109	2,115
Total Common Shares Outstanding	1,908	1,916	1,927	1,940	1,951	1,962	1,974	1,990	1,998	2,014	2,027	2,039	2,046	2,055	2,057	2,068	2,081	2,097	2,109	2,118
Working Capital	3,506	2,718	3,971	2,553	3,531	7,516	8,427	9,332	10,098	10,434	10,440	9,560	8,506	9,352	8,662	5,389	7,338	11,868	14,019	14,190
Book Value Per Share	20.03	19.40	19.61	19.15	19.17	19.42	19.41	19.54	19.08	18.39	18.35	17.99	17.08	16.19	15.87	15.96	15.96	16.46	16.44	16.22
Tangible Book Value	-9,323	-12,960	-9,747	-8,899	-8,045	-9,884	-6,755	-6,329	-6,741	-8,863	-7,463	-7,972	-9,388	-11,186	-11,438	-12,147	-10,628	-10,233	-9,386	-9,454
Tangible Book Value Per Share	-4.89	-6.76	-5.06	-4.59	-4.12	-5.04	-3.42	-3.18	-3.37	-4.40	-3.68	-3.91	-4.59	-5.44	-5.56	-5.88	-5.11	-4.88	-4.45	-4.46
Land	-	72	-	-	-	72	-	-	-	71	-	-	-	72	-	-	-	72	-	-
Buildings	-	1,004	-	-	-	1,042	-	-	-	1,022	-	-	-	1,003	-	-	-	1,008	-	-
Machinery	-	2,240	-	-	-	2,301	-	-	-	2,146	-	-	-	2,230	-	-	-	2,048	-	-
Construction In Progress	-	191	-	-	-	222	-	-	-	344	-	-	-	285	-	-	-	226	-	-

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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