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Visa Inc. (V) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

Financials · Transaction & Payment Processing Services · DATA UPDATED 2026-07-02

Visa Inc. (V) operates in the Transaction & Payment Processing Services industry and is headquartered in San Francisco, United States with about 34,100 employees. Its market capitalization is roughly $677 billion. In the fiscal year ended 2025-09-30, V reported $40.0B in revenue and $20.1B in net income.

Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions.

Interactive charts & full statements → Open the V valuation workbench →

V Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-03-31	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30
Total Revenue	$43.0B	$40.0B	$35.9B	$32.7B	$29.3B	$24.1B	$21.8B	$23.0B	$20.6B	$18.4B	$15.1B	$13.9B	$12.7B	$11.8B	$10.4B	$9.2B	$8.1B	$6.9B	$6.3B	$3.6B	$2.9B
Operating Income (EBIT)	$26.3B	$24.0B	$23.6B	$21.0B	$18.8B	$15.8B	$14.1B	$15.0B	$13.0B	$12.1B	$7.9B	$9.1B	$7.7B	$7.2B	$2.1B	$5.5B	$4.6B	$3.5B	$1.2B	($1.4B)	$730M
Operating Margin %	61.1%	60.0%	65.7%	64.3%	64.2%	65.6%	64.5%	65.3%	62.9%	66.1%	52.3%	65.3%	60.6%	61.5%	20.5%	59.4%	56.9%	51.2%	19.7%	-40.4%	24.8%
Net Income	$22.2B	$20.1B	$19.7B	$17.3B	$15.0B	$12.3B	$10.9B	$12.1B	$10.3B	$6.7B	$6.0B	$6.3B	$5.4B	$5.0B	$2.1B	$3.6B	$3.0B	$2.4B	$804M	($1.1B)	$455M
Net Margin %	51.7%	50.1%	54.9%	52.9%	51.0%	51.1%	49.7%	52.6%	50.0%	36.5%	39.7%	45.6%	42.8%	42.3%	20.6%	39.7%	36.8%	34.1%	12.8%	-30.0%	15.4%
EBITDA	$28.3B	$26.0B	$25.6B	$22.6B	$19.5B	$17.4B	$15.1B	$16.1B	$14.0B	$12.7B	$8.9B	$9.5B	$8.2B	$7.6B	$6.6B	$5.8B	$4.8B	$4.3B	$1.7B	($1.2B)	$966M
Earnings Per Share (EPS)	$12.44	$11.47	$10.05	$8.76	$7.51	$5.91	$5.03	$5.45	$4.60	$3.48	$2.84	$2.50	$2.18	$1.89	$1.55	$1.26	$0.97	$0.74	$0.42	—	—
Shares Outstanding (M)	1,933M	1,976M	2,029M	2,085M	2,136M	2,188M	2,223M	2,272M	2,329M	2,395M	2,414M	2,457M	2,524M	2,624M	3,856M	4,088M	4,384M	3,032M	3,076M	2,848M	2,848M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

V Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	$11.2B	$10.9B	$10.7B	$10.2B	$9.6B	$9.5B	$9.6B	$8.9B
Operating Income (EBIT)	$7.2B	$6.7B	$6.1B	$6.2B	$5.4B	$6.2B	$6.3B	$5.9B
Operating Margin %	64.4%	61.8%	57.3%	60.7%	56.6%	65.5%	66.0%	66.7%
Net Income	$6.0B	$5.9B	$5.1B	$5.3B	$4.6B	$5.1B	$5.3B	$4.9B
Net Margin %	53.6%	53.7%	47.5%	51.8%	47.7%	53.8%	55.3%	54.7%
EBITDA	$7.6B	$7.2B	$6.7B	$6.7B	$5.9B	$6.7B	$6.8B	$6.4B
Earnings Per Share (EPS)	$3.31	$3.17	$2.98	$2.98	$2.76	$2.75	$2.71	$2.42
Shares Outstanding (M)	1,933M	1,933M	1,940M	1,959M	1,974M	1,985M	2,003M	2,029M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

V Free Cash Flow History

Cash flow	TTM → 2026-03-31	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30
Cash from Operations (CFO)	$22.8B	$23.1B	$19.9B	$20.8B	$18.8B	$15.2B	$10.4B	$12.8B	$12.7B	$9.2B	$5.6B	$6.6B	$7.2B	$3.0B	$5.0B	$3.9B	$2.7B	$558M	$531M	$505M	$435M
Capital Expenditures (CapEx)	$1.6B	$1.5B	$1.3B	$1.1B	$970M	$705M	$736M	$756M	$718M	$707M	$523M	$414M	$553M	$471M	$376M	$353M	$241M	$306M	$415M	$160M	$87M
Free Cash Flow (FCF)	$21.2B	$21.6B	$18.7B	$19.7B	$17.9B	$14.5B	$9.7B	$12.0B	$12.0B	$8.5B	$5.1B	$6.2B	$6.7B	$2.6B	$4.6B	$3.5B	$2.5B	$252M	$116M	$345M	$347M
FCF Margin %	49.2%	53.9%	52.0%	60.3%	61.0%	60.2%	44.4%	52.3%	58.2%	46.3%	33.5%	44.5%	52.4%	21.7%	44.5%	38.3%	30.4%	3.6%	1.8%	9.6%	11.8%
Dividends Paid	$4.9B	$4.6B	$4.2B	$3.8B	$3.2B	$2.8B	$2.7B	$2.3B	$1.9B	$1.6B	$1.4B	$1.2B	$1.0B	$864M	$595M	$423M	$368M	$318M	$93M	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

V Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Cash from Operations (CFO)	$3.0B	$6.8B	$6.2B	$6.7B	$4.7B	$5.4B	$6.7B	$5.1B
Capital Expenditures (CapEx)	$383M	$378M	$389M	$421M	$327M	$345M	$309M	$400M
Free Cash Flow (FCF)	$2.6B	$6.4B	$5.8B	$6.3B	$4.4B	$5.1B	$6.4B	$4.7B
FCF Margin %	23.4%	58.7%	54.5%	62.0%	45.5%	53.1%	66.1%	53.2%
Dividends Paid	$1.3B	$1.3B	$1.1B	$1.2B	$1.2B	$1.2B	$1.0B	$1.1B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

V Balance Sheet History

Balance sheet	2026-03-31	2025-09-30	2024-09-30	2023-09-30	2022-09-30	2021-09-30	2020-09-30	2019-09-30	2018-09-30	2017-09-30	2016-09-30	2015-09-30	2014-09-30	2013-09-30	2012-09-30	2011-09-30	2010-09-30	2009-09-30	2008-09-30	2007-09-30	2006-09-30
Total Assets	$95.0B	$99.6B	$94.5B	$90.5B	$85.5B	$82.9B	$80.9B	$72.6B	$69.2B	$68.0B	$64.0B	$39.4B	$38.6B	$36.0B	$40.0B	$34.8B	$33.4B	$32.3B	$35.0B	$4.4B	$3.0B
Cash & Cash Equivalents	$12.4B	$20.2B	$12.0B	$16.3B	$15.7B	$16.5B	$16.3B	$7.8B	$8.2B	$9.9B	$5.6B	$3.5B	$2.0B	$2.2B	$2.1B	$2.1B	$3.9B	$4.6B	$5.0B	$275M	$270M
Total Liabilities	$59.4B	$61.7B	$55.4B	$51.8B	$49.9B	$45.3B	$44.7B	$37.9B	$35.2B	$35.2B	$31.1B	$10.4B	$11.2B	$9.1B	$12.4B	$8.3B	$8.4B	$9.1B	$13.8B	$4.9B	$2.3B
Total Debt (Short + Long-Term)	$24.0B	$25.2B	$20.8B	$20.6B	$22.4B	$21.0B	$24.2B	$20.7B	$18.8B	$18.4B	$18.0B	$3.1B	$3.8B	$2.3B	$6.1B	$1.8B	$44M	$56M	$106M	$41M	$74M
Total Shareholders' Equity	$35.7B	$37.9B	$39.1B	$38.7B	$35.6B	$37.6B	$36.2B	$34.7B	$34.0B	$32.8B	$32.9B	$29.8B	$27.4B	$26.9B	$27.6B	$26.4B	$25.0B	$23.2B	$22.3B	($501M)	$583M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive V viewer.

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