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	11,117	10,175	9,047	8,025	6,612
Other Operating Expenses	-	-	-	-	152
Operating Expenses	12,337	11,209	9,990	8,886	7,568
Operating Income	26,769	23,939	21,927	19,681	15,807
Interest Expense	-589	-641	-644	-538	-513
Interest & Investment Income	876	992	745	69	-
Other Non Operating Income (Expenses)	-	14	18	88	25
EBT Excluding Unusual Items	27,056	24,304	22,046	19,300	15,319
Merger & Restructuring Charges	-213	-	-	-	-
Gain (Loss) on Sale of Investments	-87	-44	-82	-296	747
Legal Settlements	-2,562	-462	-927	-868	-3
Other Unusual Items	-	118	-	-	-
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	-	286	284	327	303
Net Income to Common	20,058	19,457	16,989	14,630	12,008
Net Income Growth	1.60%	14.30%	15.48%	21.49%	13.30%
Shares Outstanding (Basic)	1,714	1,882	1,903	1,936	2,121
Shares Outstanding (Diluted)	1,714	2,029	2,085	2,136	2,188
Shares Change (YoY)	-15.53%	-2.69%	-2.39%	-2.38%	-1.57%
EPS (Basic)	11.70	10.34	8.93	7.56	5.66
EPS (Diluted)	11.70	9.73	8.28	7.00	5.63
EPS Growth	20.27%	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	12.59	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	66.92%	66.63%	67.15%	67.15%	65.58%
Profit Margin	50.14%	54.16%	52.03%	49.91%	49.81%
Free Cash Flow Margin	53.94%	52.03%	60.32%	61.00%	60.25%
EBITDA	27,989	24,973	22,870	20,542	16,611
EBITDA Margin	69.97%	69.51%	70.04%	70.08%	68.91%
D&A For EBITDA	1,220	1,034	943	861	804
EBIT	26,769	23,939	21,927	19,681	15,807
EBIT Margin	66.92%	66.63%	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