Visa Inc. (V) Financial Statements
Industry: Business Services (Other) (Services)
In fiscal 2025, Visa reported revenue of $40.00B, up 11.3% from $35.93B the year before. Net income was $20.06B (a 50.1% net margin), or $10.20 per diluted share. Gross margin was 60.0% and operating margin was 60.0%. Operating activities generated $23.06B of cash, leaving $21.58B of free cash flow. At fiscal year end, Visa held $99.63B in total assets against $61.72B in total liabilities, including $17.16B of cash and equivalents.
Open the full interactive Visa financials → Quarterly statements, key ratios, valuation history and price charts.
Visa Key Stats
| Share Price | $396.06 |
|---|---|
| Market Cap | $751.72B |
| P/E Ratio | 38.8 |
| Dividend Yield | 0.66% |
| Revenue YoY Growth | +11.3% |
| 52-Week Range | $294.36 – $396.06 |
| Shares Outstanding | 1.67 billion (basic, 2026 Q3) |
Visa Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $21.85B | $24.11B | $29.31B | $32.65B | $35.93B | $40.00B |
| Cost of Goods Sold | $7.76B | $8.30B | $10.50B | $11.65B | $12.33B | $16.01B |
| Gross Profit | $14.08B | $15.80B | $18.81B | $21.00B | $23.59B | $23.99B |
| Operating Income | $14.08B | $15.80B | $18.81B | $21.00B | $23.59B | $23.99B |
| Pre-Tax Income | $13.79B | $16.06B | $18.14B | $21.04B | $23.92B | $24.19B |
| Income Tax | $2.92B | $3.75B | $3.18B | $3.76B | $4.17B | $4.14B |
| Net Income | $10.87B | $12.31B | $14.96B | $17.27B | $19.74B | $20.06B |
| Diluted EPS | $4.89 | $5.63 | $7.00 | $8.28 | $9.73 | $10.20 |
Visa Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $10.72B | $10.90B | $11.23B | $11.63B |
| Net Income | $5.09B | $5.85B | $6.02B | $5.63B |
| Diluted EPS | $2.59 | $3.03 | $3.14 | $2.97 |
Visa Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $16.29B | $16.49B | $15.69B | $16.29B | $11.97B | $17.16B |
| Current Assets | $27.64B | $27.61B | $30.20B | $33.53B | $34.03B | $37.77B |
| Total Assets | $80.92B | $82.90B | $85.50B | $90.50B | $94.51B | $99.63B |
| Current Liabilities | $14.51B | $15.74B | $20.85B | $23.10B | $26.52B | $35.05B |
| Total Long-Term Debt | $24.07B | $20.98B | $22.45B | $20.46B | $20.84B | $25.17B |
| Total Liabilities | $44.71B | $45.31B | $49.92B | $51.77B | $55.37B | $61.72B |
| Shareholders' Equity | $36.21B | $37.59B | $35.58B | $38.73B | $39.14B | $37.91B |
Visa Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $10.44B | $15.23B | $18.85B | $20.75B | $19.95B | $23.06B |
| Cash From Investing | $1.43B | -$152.0M | -$4.29B | -$2.01B | -$1.93B | $708.0M |
| Cash From Financing | -$3.97B | -$14.41B | -$12.70B | -$17.77B | -$20.63B | -$18.96B |
| Free Cash Flow | $9.70B | $14.52B | $17.88B | $19.70B | $18.69B | $21.58B |
| Dividends Paid | $2.66B | $2.80B | $3.20B | $3.75B | $4.22B | $4.63B |
Figures from Visa's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Visa financials page for every line item.
Visa Company Profile
| Ticker | V |
|---|---|
| Exchange | NYSE |
| Industry | Business Services (Other) (Services) |
| Headquarters | San Francisco, California |
| Incorporated in | Delaware |
| Fiscal Year End | September 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001403161 |
Frequently Asked Questions
What was Visa's revenue in fiscal 2025?
Visa (V) reported revenue of $40.00B for fiscal 2025.
What is Visa's annual revenue history?
Visa's annual revenue by fiscal year: 2020: $21.85B; 2021: $24.11B; 2022: $29.31B; 2023: $32.65B; 2024: $35.93B; 2025: $40.00B.
What was Visa's net income in fiscal 2025?
Visa reported net income of $20.06B for fiscal 2025.
What was Visa's earnings per share (EPS) in fiscal 2025?
Visa's diluted EPS was $10.20 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Visa generate in fiscal 2025?
Visa generated $21.58B of free cash flow in fiscal 2025.
What was Visa's revenue last quarter?
In its most recent reported quarter (2026 Q3), Visa reported revenue of $11.63B.
How much debt does Visa have?
Visa reported $25.17B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Visa are outstanding?
Visa reported a weighted average of 1.67 billion basic shares outstanding in 2026 Q3.
What is Visa's market cap?
Based on its latest closing price, Visa (V) has a market capitalization of about $751.72B.
When does Visa's fiscal year end?
Visa's fiscal year end, as registered with the SEC, is September 30.
Where is Visa headquartered?
Visa lists its business address in San Francisco, California in its SEC filings.