Visa, Inc Income Statement (Quarterly)

The table below shows the quarterly income statements for Visa, Inc stock for the past 41 quarters.

Numbers in millions USD, except per-share numbers.

Quarter Ended	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	2014-03-31	2013-12-31	2013-09-30	2013-06-30	2013-03-31	2012-12-31	2012-09-30	2012-06-30	2012-03-31	2011-12-31	2011-09-30	2011-06-30	2011-03-31	2010-12-31	2010-09-30	2010-06-30	2010-03-31	2009-12-31
Revenue	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	3,163	3,155	2,973	3,001	2,958	2,846	2,731	2,565	2,578	2,547	2,383	2,322	2,245	2,238	2,117	2,029	1,959	1,960
Revenue Growth (YoY)	9.95%	12.94%	11.45%	8.3%	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%	6.93%	10.86%	8.86%	17%	14.74%	11.74%	14.6%	10.47%	14.83%	13.81%	12.56%	14.44%	14.6%	14.18%	-	-	-	-
Cost of Revenue	982	871	872	894	807	815	852	824	679	655	698	704	571	690	509	528	499	521	566	483	509	496	463	446	470	499	493	486	454	471	435	431	389	388	363	351	357	353	285	310	274
Gross Profit	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	2,717	2,685	2,474	2,508	2,472	2,392	2,260	2,130	2,147	2,158	1,995	1,959	1,894	1,881	1,764	1,744	1,649	1,686
Selling, General & Admin	693	796	710	606	643	855	582	591	551	672	553	682	484	643	573	416	422	503	443	408	401	488	436	442	369	495	463	394	387	536	453	358	362	449	449	355	368	458	441	365	345
Operating Expenses	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	669	608	723	680	612	592	738	4,737	541	540	633	614	511	515	651	607	527	469
Operating Income	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	2,048	2,077	1,751	1,828	1,860	1,800	1,522	-2,607	1,606	1,618	1,362	1,345	1,383	1,366	1,113	1,137	1,122	1,217
Income Taxes	702	686	765	700	653	693	483	612	717	959	855	2,272	909	579	10.00	734	698	771	471	732	693	477	670	463	676	574	608	587	508	-74.00	-768	317	590	476	539	497	498	422	406	401	445
Interest Income/Expense	111	120	128	140	145	150	155	153	154	148	140	135	140	135	131	132	29.00	1.00	-8.00	7.00	3.00	8.00	-	-	-	-	-	-	-	-	-	-	-	-19.00	11.00	12.00	-4.00	15.00	13.00	28.00	16.00
Other Expense/Income	42.00	24.00	42.00	-36.00	87.00	-132.00	73.00	119	88.00	113	110	106	121	115	6.00	-7.00	-243.00	0.00	94.00	-1.00	-24.00	2.00	-10.00	-13.00	-6.00	-15.00	-5.00	3.00	-1.00	-66.00	0.00	-3.00	-1.00	6.00	-199.00	5.00	-16.00	-83.00	15.00	8.00	9.00
Net Income	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	1,598	1,407	1,192	1,225	1,270	1,293	1,662	-1,839	1,292	1,029	880	1,005	881	884	774	716	713	763
Shares Outstanding	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	2,274	3,108	2,353	3,152	3,188	3,224	3,228	3,240	3,244	3,244	3,236	3,300	3,320	3,332	3,344	3,352	3,356	3,368
Shares Change (YoY)	-2.38%	-2.46%	-2.4%	-2.43%	-2.51%	-2.36%	-2.76%	-2.79%	-2.5%	-2.94%	-2.91%	-2.72%	-3.63%	-2.32%	-2.61%	-2.47%	-1.74%	-2.05%	-1.46%	-2.02%	-27.9%	-4.8%	-28.52%	-28.67%	-3.6%	-27.11%	-2.72%	-1.73%	-0.62%	-0.25%	-1.82%	-2.29%	-2.64%	-3.23%	-1.55%	-1.07%	-1.07%	-	-	-	-
EPS (Basic)	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	0.63	0.55	0.46	0.47	0.48	0.49	0.62	-0.69	0.48	0.38	0.32	0.36	0.31	0.31	0.27	0.24	0.24	0.26
Earnings Per Share (EPS)	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	0.63	0.55	0.47	0.47	0.48	0.48	0.61	-0.69	0.48	0.37	0.32	0.36	0.31	0.31	0.26	0.24	0.24	0.26
EPS Growth (YoY)	12.31%	9.76%	37%	18.02%	21.5%	36.67%	16.28%	516.67%	24.42%	13.92%	405.88%	-74.65%	7.5%	27.42%	-75.36%	12.7%	26.98%	40.91%	27.78%	0%	14.55%	-5.38%	14.89%	31.25%	14.11%	-24.14%	-	0.63%	29.57%	92.77%	-	55.37%	21.17%	21.37%	47.52%	27.92%	20.39%	-	-	-	-
FCF Per Share	1.87	1.92	1.60	0.95	1.56	1.62	1.76	1.32	1.29	1.30	1.59	0.12	1.10	1.08	0.08	0.33	0.84	0.73	0.92	0.40	0.74	0.70	0.81	0.81	0.46	0.81	0.65	0.48	-0.91	0.39	0.36	0.32	0.37	0.23	0.40	0.16	0.28	0.24	0.34	0.17	-0.02
Dividend Per Share	0.30	0.25	0.25	0.25	0.25	0.21	0.21	0.21	0.20	0.17	0.17	0.17	0.17	0.14	0.14	0.14	0.14	0.12	0.12	0.12	0.12	0.10	0.10	0.10	0.10	0.08	0.08	0.08	0.08	0.06	0.06	0.06	0.06	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.03
Dividend Growth (YoY)	20%	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%	20%	20%	20%	20.48%	20.48%	20.48%	20.48%	50.91%	50.91%	50.91%	50.91%	48.65%	48.65%	48.65%	48.65%	19.35%	19.35%	19.35%	19.35%	-	-	-	-
Gross Margin	83.8%	85.8%	85.1%	83.7%	85.3%	85%	83.7%	83.8%	86%	86.5%	84.7%	84.3%	87.2%	83.8%	86%	85.4%	86%	85.4%	83.9%	85.8%	84.9%	84.6%	85.3%	85.9%	85.1%	83.2%	83.6%	83.6%	84%	82.8%	83%	83.3%	84.7%	83.7%	84.4%	84.4%	84%	83.3%	86%	84.2%	86%
Operating Margin	66.3%	60.9%	66.9%	66.3%	67.5%	62.7%	55.1%	65.8%	68.4%	66.2%	66.2%	62.7%	69.5%	61.6%	11.8%	67.1%	67.2%	63.9%	64.3%	66.9%	66.2%	48.1%	64.0%	64.7%	65.8%	58.9%	60.9%	62.9%	63.2%	55.7%	-101.6%	62.3%	63.5%	57.2%	57.9%	61.6%	61.0%	52.6%	56.0%	57.3%	62.1%
Profit Margin	54%	49.3%	53.1%	54.2%	54.1%	52.4%	44.4%	51.4%	51.9%	44.1%	45.1%	9.6%	46.4%	45.3%	11.3%	47.1%	54.4%	42.3%	48.2%	45.5%	46.4%	33.2%	43.1%	50.5%	44.6%	40.1%	40.8%	42.9%	45.4%	60.9%	-71.7%	50.1%	40.4%	36.9%	43.3%	39.2%	39.5%	36.6%	35.3%	36.4%	38.9%
FCF Margin	60.9%	61.8%	54.6%	34.7%	57.0%	60.4%	68.3%	53.3%	55.0%	55.5%	73.2%	5.6%	52.4%	54.2%	4.7%	19.7%	52.0%	44.7%	57.9%	26.1%	49.0%	48.5%	58.1%	57.9%	45.0%	64.1%	67.8%	51.8%	-102.7%	46.2%	44.8%	40.2%	46.6%	31.5%	56.2%	23.7%	41.6%	37.7%	56.8%	29.0%	-3.4%
EBITDA	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	2,168	2,190	1,872	1,934	1,955	1,893	1,677	-2,523	1,689	1,699	1,414	1,629	1,460	1,445	1,289	1,198	1,204	1,286
EBITDA Margin	70.5%	65.2%	71.2%	72.4%	71.4%	70.9%	59.5%	69.4%	72.8%	69.9%	69.8%	66.3%	73.2%	65.4%	18.5%	74.3%	78.2%	67.3%	65.1%	70.8%	70.5%	51.7%	67.8%	68.5%	69.4%	63%	64.4%	66.1%	66.5%	61.4%	-98.4%	65.5%	66.7%	59.3%	70.2%	65%	64.6%	60.9%	59%	61.5%	65.6%
EBIT	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	2,061	2,083	1,766	1,833	1,857	1,801	1,588	-2,607	1,609	1,619	1,337	1,555	1,390	1,378	1,211	1,135	1,142	1,224
EBIT Margin	67.5%	62.4%	68.4%	69.5%	68.6%	67.9%	56.6%	66.4%	69.8%	66.9%	66.9%	63.4%	69.9%	62.1%	15.2%	71.0%	74.8%	64.0%	61.4%	67.1%	67.0%	48.3%	64.3%	65.2%	66.0%	59.4%	61.1%	62.8%	63.3%	58.1%	-101.6%	62.4%	63.6%	56.1%	67.0%	61.9%	61.6%	57.2%	55.9%	58.3%	62.4%