In fiscal 2025, which ended Sep 30, 2025, Visa Inc. reported revenue of $40.0 billion, up 11.3% from the year before. Net income was $20.1 billion, a profit margin of 50.1%. Operating income came to $24.0 billion, an operating margin of 60.0%. Over the twelve months ended Mar 31, 2026, revenue was $43.0 billion and net income was $22.2 billion. Across the 10 fiscal years shown, revenue grew from $15.1 billion in fiscal 2016 to $40.0 billion in fiscal 2025, about 11.4% a year.
USD in millions, except per-share amounts and margins. The percent under a figure is the change from the year before.
| Line |
FY 2026
Mar 31, 2026
|
FY 2025
Sep 30, 2025
|
FY 2024
Sep 30, 2024
|
FY 2023
Sep 30, 2023
|
FY 2022
Sep 30, 2022
|
FY 2021
Sep 30, 2021
|
FY 2020
Sep 30, 2020
|
FY 2019
Sep 30, 2019
|
FY 2018
Sep 30, 2018
|
FY 2017
Sep 30, 2017
|
FY 2016
Sep 30, 2016
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
43,027
+14.4%
|
40,000
+11.3%
|
35,926
+10.0%
|
32,653
+11.4%
|
29,310
+21.6%
|
24,105
+10.3%
|
21,846
-4.9%
|
22,977
+11.5%
|
20,609
+12.3%
|
18,358
+21.7%
|
15,082
+8.7%
|
| Selling, general and administrative |
1,991
+16.7%
|
1,926
+20.5%
|
1,598
+20.2%
|
1,330
+11.4%
|
1,194
+21.2%
|
985
-10.1%
|
1,096
-8.4%
|
1,196
+4.5%
|
1,145
+8.0%
|
1,060
+33.2%
|
796
+45.5%
|
| Operating income |
26,296
+9.8%
|
23,994
+1.7%
|
23,595
+12.4%
|
21,000
+11.6%
|
18,813
+19.0%
|
15,804
+12.2%
|
14,081
-6.1%
|
15,001
+15.8%
|
12,954
+6.7%
|
12,144
+54.1%
|
7,883
-13.0%
|
| Interest expense |
621
|
589
-8.1%
|
641
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Other non-operating income (expense) |
781
+3.4%
|
789
-18.0%
|
962
+41.3%
|
681
+589.9%
|
-139
-118.0%
|
772
+243.1%
|
225
-45.9%
|
416
-10.3%
|
464
+310.6%
|
113
-79.7%
|
556
|
| Pretax income |
26,456
+10.2%
|
24,194
+1.2%
|
23,916
+13.7%
|
21,037
+16.0%
|
18,136
+12.9%
|
16,063
+16.5%
|
13,790
-7.4%
|
14,884
+16.2%
|
12,806
+9.5%
|
11,694
|
—
|
| Income tax |
4,220
+2.6%
|
4,136
-0.9%
|
4,173
+10.9%
|
3,764
+18.4%
|
3,179
-15.3%
|
3,752
+28.3%
|
2,924
+4.3%
|
2,804
+11.9%
|
2,505
-49.8%
|
4,995
+147.2%
|
2,021
-24.2%
|
| Net income |
22,236
+11.8%
|
20,058
+1.6%
|
19,743
+14.3%
|
17,273
+15.5%
|
14,957
+21.5%
|
12,311
+13.3%
|
10,866
-10.0%
|
12,080
+17.3%
|
10,301
+53.8%
|
6,699
+11.8%
|
5,991
-5.3%
|
| Other measures | |||||||||||
| Depreciation and amortization |
1,292
+14.8%
|
1,220
+18.0%
|
1,034
+9.7%
|
943
+9.5%
|
861
+7.1%
|
804
+4.8%
|
767
+16.9%
|
656
+7.0%
|
613
+10.3%
|
556
+10.8%
|
502
+1.6%
|
| EBITDA |
27,588
+10.0%
|
25,214
+2.4%
|
24,629
+12.2%
|
21,943
+11.5%
|
19,674
+18.5%
|
16,608
+11.9%
|
14,848
-5.2%
|
15,657
+15.4%
|
13,567
+6.8%
|
12,700
+51.5%
|
8,385
-12.3%
|
| Interest coverage |
42.34x
|
40.74x
|
36.81x
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
—
|
| Margins | |||||||||||
| Operating margin |
61.12%
|
59.98%
|
65.68%
|
64.31%
|
64.19%
|
65.56%
|
64.46%
|
65.29%
|
62.86%
|
66.15%
|
52.27%
|
| Pretax margin |
61.49%
|
60.48%
|
66.57%
|
64.43%
|
61.88%
|
66.64%
|
63.12%
|
64.78%
|
62.14%
|
63.70%
|
—
|
| Profit margin |
51.68%
|
50.14%
|
54.95%
|
52.90%
|
51.03%
|
51.07%
|
49.74%
|
52.57%
|
49.98%
|
36.49%
|
39.72%
|
| EBITDA margin |
64.12%
|
63.03%
|
68.55%
|
67.20%
|
67.12%
|
68.90%
|
67.97%
|
68.14%
|
65.83%
|
69.18%
|
55.60%
|
| Effective tax rate |
15.95%
|
17.10%
|
17.45%
|
17.89%
|
17.53%
|
23.36%
|
21.20%
|
18.84%
|
19.56%
|
42.71%
|
—
|
How these figures are calculated
Annual columns are full-year amounts from the annual report (Form 10-K, 20-F, or 40-F). If a company restates a year, the latest filed number is shown. USD in millions, except per-share amounts and margins. Weighted average shares are in millions. Interest expense and finance costs are positive costs. A negative amount on a gain (loss) or income (expense) line is a loss or an expense. EBITDA is operating income plus depreciation and amortization. Interest coverage is operating income divided by interest expense. The first column is the trailing twelve months through the latest quarter. More on our methodology.
New to this? Read How to Read an Income Statement, With a Real Example.
Company profile
- Industry
- Services-Business Services, NEC (SIC 7389)
- Listed as
- V (NYSE)
- Fiscal year ends
- September 30
- Incorporated in
- DE
- Headquarters
- San Francisco, CA
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1403161
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Source: SEC EDGAR filings. This is company-reported data, not investment advice.