V Visa V · NYSE · Financials
SEC EDGAR ↗ SEC EDGAR Filings checked 23 Oct 2026, 16:23 UTC Financials checked 23 Oct 2026, 16:23 UTC
Some records were last checked more than 24 hours ago. These are the last verified records; check the official source for the latest filings.
Annual reporting period: 2024-10-01 — 2025-09-30 · USD
Annual revenue $40B Year over year +11.3%
Annual net income $20.06B Consolidated net income
Annual operating income $23.99B Consolidated basis
Operating margin 60.0% Operating income / revenue
Revenue over time ANNUAL
2017-09-30 · 18,358,000,000 USD
2017 $18.36B
2018-09-30 · 20,609,000,000 USD
2018 $20.61B
2019-09-30 · 22,977,000,000 USD
2019 $22.98B
2020-09-30 · 21,846,000,000 USD
2020 $21.85B
2021-09-30 · 24,105,000,000 USD
2021 $24.11B
2022-09-30 · 29,310,000,000 USD
2022 $29.31B
2023-09-30 · 32,653,000,000 USD
2023 $32.65B
2024-09-30 · 35,926,000,000 USD
2024 $35.93B
2025-09-30 · 40,000,000,000 USD
2025 $40B Each bar is one fiscal year of revenue, ending on the date shown.
Income statement CONSOLIDATED Line 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 Revenue $40B $35.93B $32.65B $29.31B $24.11B $21.85B $22.98B $20.61B $18.36B Selling, general and administrative $1.93B $1.6B $1.33B $1.19B $985M $1.1B $1.2B $1.15B $1.06B Operating expenses $16.01B $12.33B $11.65B $10.5B $8.3B $7.77B $7.98B $7.66B $6.21B Operating income $23.99B $23.6B $21B $18.81B $15.8B $14.08B $15B $12.95B $12.14B Non-operating income $200M $321M $37M $-677M $259M $-291M $-117M $-148M $-450M Income tax expense $4.14B $4.17B $3.76B $3.18B $3.75B $2.92B $2.8B $2.51B $5B Net income $20.06B $19.74B $17.27B $14.96B $12.31B $10.87B $12.08B $10.3B $6.7B
Balance sheet CONSOLIDATED Line 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 Total assets $99.63B $94.51B $90.5B $85.5B $82.9B $80.92B $72.57B $69.23B $67.98B Current assets $37.77B $34.03B $33.53B $30.21B $27.61B $27.65B $20.97B $18.22B $19.02B Cash and equivalents $17.16B $11.98B $16.29B $15.69B $16.49B $16.29B $7.84B $8.16B $9.87B Accounts receivable $3.13B $2.56B $2.29B $2.02B $1.97B $1.62B $1.54B $1.21B $1.13B Property, plant and equipment $4.24B $3.82B $3.43B $3.22B $2.72B $2.74B $2.7B $2.47B $2.25B Total liabilities $61.72B $55.37B $51.77B $49.92B $45.31B $44.71B $37.89B $35.22B $35.22B Current liabilities $35.05B $26.52B $23.1B $20.85B $15.74B $14.51B $13.42B $11.31B $9.99B Accounts payable $555M $479M $375M $340M $266M $174M $156M $183M $179M Short-term debt $5.57B $0M $0M $2.25B $999M $3B $0M $0M $1.75B Long-term debt $19.6B $20.84B $20.46B $20.2B $19.98B $21.07B $16.73B $16.63B $16.62B Shareholders' equity $37.91B $39.14B $38.73B $35.58B $37.59B $36.21B $34.68B $34.01B $32.76B Retained earnings $15.11B $17.29B $18.04B $16.12B $15.35B $14.09B $13.5B $11.32B $9.51B
Cash flow statement CONSOLIDATED Line 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 Operating cash flow $23.06B $19.95B $20.76B $18.85B $15.23B $10.44B $12.78B $12.94B $9.32B Investing cash flow $708M $-1.93B $-2.01B $-4.29B $-152M $1.43B $-591M $-3.08B $735M Financing cash flow $-18.96B $-20.63B $-17.77B $-12.7B $-14.41B $-3.97B $-12.06B $-10.79B $-5.92B Capital expenditure $1.48B $1.26B $1.06B $970M $705M $736M $756M $718M $707M Depreciation and amortisation $1.22B $1.03B $943M $861M $804M $767M $656M $613M $556M Dividends paid $4.63B $4.22B $3.75B $3.2B $2.8B $2.66B $2.27B $1.92B $1.58B Share buybacks $18.32B $16.71B $12.1B $11.59B $8.68B $8.11B $8.61B $7.19B $6.89B
Key ratios COMPUTED HERE Line 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 Operating margin 60.0% 65.7% 64.3% 64.2% 65.6% 64.5% 65.3% 62.9% 66.2% Net margin 50.1% 55.0% 52.9% 51.0% 51.1% 49.7% 52.6% 50.0% 36.5% Return on equity 52.9% 50.4% 44.6% 42.0% 32.8% 30.0% 34.8% 30.3% 20.4% Return on assets 20.1% 20.9% 19.1% 17.5% 14.9% 13.4% 16.6% 14.9% 9.9% Asset turnover 0.40× 0.38× 0.36× 0.34× 0.29× 0.27× 0.32× 0.30× 0.27× Current ratio 1.08× 1.28× 1.45× 1.45× 1.75× 1.91× 1.56× 1.61× 1.90× Debt to equity 162.8% 141.5% 133.6% 140.3% 120.5% 123.5% 109.2% 103.6% 107.5% Net debt $8.01B $8.86B $4.18B $6.76B $4.49B $7.78B $8.89B $8.47B $8.49B Free cash flow $21.58B $18.69B $19.7B $17.88B $14.52B $9.7B $12.03B $12.22B $8.61B
Amounts are as filed. An em dash means that line was not reported, not that it is nil; rows marked “computed” and the whole key-ratios table are worked out here from those amounts.
About this record 9 fiscal years from 2017 to 2025, covering 26 statement lines, collected from SEC EDGAR. The most recent was confirmed on 2025-11-06.
Its 59.98% operating margin in the latest fiscal year is at or above 98% of the 45 listed companies collected here, closest to NVIDIA 60.38% and Mastercard 57.63%.
The fiscal year does not follow the calendar: the most recent one ran from 2024-10-01 to 2025-09-30. Set beside a December-year company it would be two different twelve-month periods compared as one.
This page offers no investment view or forecast about Visa. The amounts are as the company filed them, the ratios follow from those amounts, and no currency is converted.
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