Visa Inc. income statement
In fiscal 2025, Visa Inc. reported revenue of $40.00bn, up 11.3% on the year before, operating income of $23.99bn (a 60.0% margin) and net income of $20.06bn. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Sept 2009 | 2010Sept 2010 | 2011Sept 2011 | 2012Sept 2012 | 2013Sept 2013 | 2014Sept 2014 | 2015Sept 2015 | 2016Sept 2016 | 2017Sept 2017 | 2018Sept 2018 | 2019Sept 2019 | 2020Sept 2020 | 2021Sept 2021 | 2022Sept 2022 | 2023Sept 2023 | 2024Sept 2024 | 2025Sept 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.9 | 8.1 | 9.2 | 10.4 | 11.8 | 12.7 | 13.9 | 15.1 | 18.4 | 20.6 | 23.0 | 21.8 | 24.1 | 29.3 | 32.7 | 35.9 | 40.0 | 44.5 |
| General and administrative | 0.3 | 0.4 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.8 | 1.1 | 1.1 | 1.2 | 1.1 | 1.0 | 1.2 | 1.3 | 1.6 | 1.9 | 2.0 |
| Operating income | 3.5 | 4.6 | 5.5 | 2.1 | 7.2 | 7.7 | 9.1 | 7.9 | 12.1 | 13.0 | 15.0 | 14.1 | 15.8 | 18.8 | 21.0 | 23.6 | 24.0 | 27.0 |
| Interest expense | 0.1 | 0.1 | 0.0 | −0.0 | — | — | — | — | — | — | — | — | — | 0.5 | 0.6 | 0.6 | 0.6 | 0.8 |
| Net interest income | −0.1 | −0.1 | −0.0 | — | — | −0.0 | −0.0 | −0.4 | −0.6 | −0.6 | −0.5 | −0.5 | −0.5 | −0.5 | −0.6 | — | — | — |
| Income before tax | 4.0 | 4.6 | 5.7 | — | — | — | 9.0 | 8.0 | 11.7 | 12.8 | 14.9 | 13.8 | 16.1 | 18.1 | 21.0 | 23.9 | 24.2 | 27.0 |
| Income tax | 1.6 | 1.7 | 2.0 | 0.1 | 2.3 | 2.3 | 2.7 | 2.0 | 5.0 | 2.5 | 2.8 | 2.9 | 3.8 | 3.2 | 3.8 | 4.2 | 4.1 | 4.4 |
| Net income | 2.4 | 3.0 | 3.7 | 2.1 | 5.0 | 5.4 | 6.3 | 6.0 | 6.7 | 10.3 | 12.1 | 10.9 | 12.3 | 15.0 | 17.3 | 19.7 | 20.1 | 22.6 |
| EBITDA | 3.8 | 4.9 | 5.7 | 2.5 | 7.6 | 8.1 | 9.6 | 8.4 | 12.7 | 13.6 | 15.7 | 14.8 | 16.6 | 19.7 | 21.9 | 24.6 | 25.2 | 28.3 |
| Quarter | 2024 Q4Sept 2024 | 2025 Q1Dec 2024 | 2025 Q2Mar 2025 | 2025 Q3Jun 2025 | 2025 Q4Sept 2025 | 2026 Q1Dec 2025 | 2026 Q2Mar 2026 | 2026 Q3Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 9.6 | 9.5 | 9.6 | 10.2 | 10.7 | 10.9 | 11.2 | 11.6 |
| General and administrative | 0.4 | 0.5 | 0.4 | 0.5 | 0.5 | 0.5 | 0.5 | 0.5 |
| Operating income | 6.3 | 6.2 | 5.4 | 6.2 | 6.1 | 6.7 | 7.2 | 6.9 |
| Interest expense | 0.2 | 0.2 | 0.2 | 0.0 | 0.2 | 0.2 | 0.2 | 0.2 |
| Income before tax | 6.4 | 6.2 | 5.4 | 6.3 | 6.2 | 6.7 | 7.2 | 6.8 |
| Income tax | 1.1 | 1.1 | 0.9 | 1.1 | 1.1 | 0.9 | 1.2 | 1.2 |
| Net income | 5.3 | 5.1 | 4.6 | 5.3 | 5.1 | 5.9 | 6.0 | 5.6 |
| EBITDA | 6.6 | 6.5 | 5.7 | 6.5 | 6.5 | 7.1 | 7.6 | 7.2 |
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