Fundies.
English

VISA INC.

EDGAR
V Current report (8-K) · filed 2026-10-27

Annual consolidated revenue for 2025: about USD 40B, using the latest reported figures. The previous period, 2024, was about USD 35.93B.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments
Watchlist

Latest quarter

Revenue

11.6 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Revenue: 11633000000 USD Source

Operating margin

59.12%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 6877000000 USD Source
  • Revenue: 11633000000 USD Source

Operating cash flow

6.55 billion USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 16342000000 USD Source
  • Operating Cash Flow: 9788000000 USD Source
Cash and cash equivalents
12.4 billion USD Source
Exact value

12359000000 USD

Long-term debt including current maturities
20.9 billion USD Source
Exact value

20920000000 USD

Shares outstanding
Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

44.5 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 40000000000 USD · 2024-10-01 – 2025-09-30 Source
  • Revenue: 29276000000 USD · 2024-10-01 – 2025-06-30 Source
  • Revenue: 10901000000 USD · 2025-10-01 – 2025-12-31 Source
  • Revenue: 11230000000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 11633000000 USD · 2026-04-01 – 2026-06-30 Source

Net income

22.6 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 20058000000 USD · 2024-10-01 – 2025-09-30 Source
  • Net income: 14968000000 USD · 2024-10-01 – 2025-06-30 Source
  • Net income: 5853000000 USD · 2025-10-01 – 2025-12-31 Source
  • Net income: 6021000000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 5628000000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

22.6 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Operating cash flow: 23059000000 USD · 2024-10-01 – 2025-09-30 Source
  • Operating cash flow: 16821000000 USD · 2024-10-01 – 2025-06-30 Source
  • Operating cash flow: 6780000000 USD · 2025-10-01 – 2025-12-31 Source
  • Operating cash flow: 9788000000 USD · 2025-10-01 – 2026-03-31 Source
  • Operating cash flow: 6780000000 USD · 2025-10-01 – 2025-12-31 Source
  • Operating cash flow: 16342000000 USD · 2025-10-01 – 2026-06-30 Source
  • Operating cash flow: 9788000000 USD · 2025-10-01 – 2026-03-31 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-10-27.

Financial data available through: 2025-09-30.

Coverage by financial measure
  • Revenue: 11 of 11 periods available· newest 2025-09-30
  • Operating income: 11 of 11 periods available· newest 2025-09-30
  • Net income: 11 of 11 periods available· newest 2025-09-30
  • Operating cash flow: 11 of 11 periods available· newest 2025-09-30
  • capital expenditure: No compatible figures in this window
  • Total assets: 11 of 11 periods available· newest 2025-09-30
  • Total liabilities: 11 of 11 periods available· newest 2025-09-30
  • Current assets: 11 of 11 periods available· newest 2025-09-30
  • Current liabilities: 11 of 11 periods available· newest 2025-09-30
  • Cash and cash equivalents: 11 of 11 periods available· newest 2025-09-30
  • Long-term debt including current maturities: 7 of 11 periods available· newest 2021-09-30
  • shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    +11.3%

    Prior period

    USD 35.93 billion

    –

    Current period

    USD 40 billion

    –

    Exact inputs and evidence

    40000000000 − 35926000000 = 4074000000 USD

    35926000000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    40000000000 USD · 2024-10-01 – 2025-09-30

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Net income

    +1.6%

    Prior period

    USD 19.74 billion

    –

    Current period

    USD 20.06 billion

    –

    Exact inputs and evidence

    20058000000 − 19743000000 = 315000000 USD

    19743000000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    20058000000 USD · 2024-10-01 – 2025-09-30

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

  • Operating cash flow

    +15.6%

    Prior period

    USD 19.95 billion

    –

    Current period

    USD 23.06 billion

    –

    Exact inputs and evidence

    23059000000 − 19950000000 = 3109000000 USD

    19950000000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    23059000000 USD · 2024-10-01 – 2025-09-30

    Inspect current input Current source
    Share or cite

    The citation records this snapshot. The page link may show a newer release later.

Comparable inputs unavailable for: Capital expenditure.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-10-01 – 2025-09-30

  • Revenue USD 40 billion 100% of revenue
  • Operating costs Derived USD 16.01 billion 40% of revenue
  • Operating income USD 23.99 billion 60% of revenue
  • Tax, interest and other Derived USD 3.94 billion 9.8% of revenue
  • Net income USD 20.06 billion 50% of revenue

Cash

  • Operating cash flow USD 23.06 billion 58% of revenue
  • Capital expenditure Unavailable An input is unavailable.
  • Free cash flow Derived Unavailable An input is unavailable.

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 40%13%48%
  • 2017 36%30%34%
  • 2018 50%13%37%
  • 2019 53%13%35%
  • 2020 50%15%36%
  • 2021 51%14%34%
  • 2022 51%13%36%
  • 2023 53%11%36%
  • 2024 55%11%34%
  • 2025 50%9.8%40%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2015-10-01 – 2016-09-3015082000000 7199000000 Derived 7883000000 1892000000 Derived 5991000000 Unavailable
Source
2017 2016-10-01 – 2017-09-3018358000000 6214000000 Derived 12144000000 5445000000 Derived 6699000000 Unavailable
Source
2018 2017-10-01 – 2018-09-3020609000000 7655000000 Derived 12954000000 2653000000 Derived 10301000000 Unavailable
Source
2019 2018-10-01 – 2019-09-3022977000000 7976000000 Derived 15001000000 2921000000 Derived 12080000000 Unavailable
Source
2020 2019-10-01 – 2020-09-3021846000000 7765000000 Derived 14081000000 3215000000 Derived 10866000000 Unavailable
Source
2021 2020-10-01 – 2021-09-3024105000000 8301000000 Derived 15804000000 3493000000 Derived 12311000000 Unavailable
Source
2022 2021-10-01 – 2022-09-3029310000000 10497000000 Derived 18813000000 3856000000 Derived 14957000000 Unavailable
Source
2023 2022-10-01 – 2023-09-3032653000000 11653000000 Derived 21000000000 3727000000 Derived 17273000000 Unavailable
Source
2024 2023-10-01 – 2024-09-3035926000000 12331000000 Derived 23595000000 3852000000 Derived 19743000000 Unavailable
Source
2025 2024-10-01 – 2025-09-3040000000000 16006000000 Derived 23994000000 3936000000 Derived 20058000000 Unavailable
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 40B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.43.2B32.4B21.6B10.8B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue15082000000
2017Revenue18358000000
2018Revenue20609000000
2019Revenue22977000000
2020Revenue21846000000
2021Revenue24105000000
2022Revenue29310000000
2023Revenue32653000000
2024Revenue35926000000
2025Revenue40000000000

Revenue growth

Change in revenue from the same financial period one year earlier.

11.3% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.23.9%16.1%8.4%0.7%-7.1%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over year8.7%
2017Year over year21.7%
2018Year over year12.3%
2019Year over year11.5%
2020Year over year-4.9%
2021Year over year10.3%
2022Year over year21.6%
2023Year over year11.4%
2024Year over year10%
2025Year over year11.3%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 60% 2025
Net margin 50.1% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.71%54%36%18%0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin52.3%
2017Operating margin66.2%
2018Operating margin62.9%
2019Operating margin65.3%
2020Operating margin64.5%
2021Operating margin65.6%
2022Operating margin64.2%
2023Operating margin64.3%
2024Operating margin65.7%
2025Operating margin60%
2016Net margin39.7%
2017Net margin36.5%
2018Net margin50%
2019Net margin52.6%
2020Net margin49.7%
2021Net margin51.1%
2022Net margin51%
2023Net margin52.9%
2024Net margin55%
2025Net margin50.1%
2016Free cash flow marginNot reported
2017Free cash flow marginNot reported
2018Free cash flow marginNot reported
2019Free cash flow marginNot reported
2020Free cash flow marginNot reported
2021Free cash flow marginNot reported
2022Free cash flow marginNot reported
2023Free cash flow marginNot reported
2024Free cash flow marginNot reported
2025Free cash flow marginNot reported

Operating cash flow

Cash generated by the company’s normal business operations.

USD 23.1B 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.24.9B18.7B12.5B6.2B0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow5574000000
2017Operating cash flow9317000000
2018Operating cash flow12941000000
2019Operating cash flow12784000000
2020Operating cash flow10440000000
2021Operating cash flow15227000000
2022Operating cash flow18849000000
2023Operating cash flow20755000000
2024Operating cash flow19950000000
2025Operating cash flow23059000000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

Not enough comparable data to show this history.
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flowUnavailable
2017Free cash flowUnavailable
2018Free cash flowUnavailable
2019Free cash flowUnavailable
2020Free cash flowUnavailable
2021Free cash flowUnavailable
2022Free cash flowUnavailable
2023Free cash flowUnavailable
2024Free cash flowUnavailable
2025Free cash flowUnavailable

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

61.9% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.67%50%33%17%0%201620212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016Liabilities / assets48.6%
2017Liabilities / assets51.8%
2018Liabilities / assets50.9%
2019Liabilities / assets52.2%
2020Liabilities / assets55.3%
2021Liabilities / assets54.7%
2022Liabilities / assets58.4%
2023Liabilities / assets57.2%
2024Liabilities / assets58.6%
2025Liabilities / assets61.9%

Current assets to current liabilities

Current assets divided by current liabilities.

1.08× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.06×1.54×1.03×0.51×0.00×201620212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016Current assets / current liabilities1.78×
2017Current assets / current liabilities1.9×
2018Current assets / current liabilities1.61×
2019Current assets / current liabilities1.56×
2020Current assets / current liabilities1.91×
2021Current assets / current liabilities1.75×
2022Current assets / current liabilities1.45×
2023Current assets / current liabilities1.45×
2024Current assets / current liabilities1.28×
2025Current assets / current liabilities1.08×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2015-10-01 – 2016-09-30
USD 5.99 billion
Exact value

Exact value: 5991000000 USD

2015-10-01 – 2016-09-30: 5991000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 5.57 billion
Exact value

Exact value: 5574000000 USD

2015-10-01 – 2016-09-30: 5574000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2017 2016-10-01 – 2017-09-30
USD 6.7 billion
Exact value

Exact value: 6699000000 USD

2016-10-01 – 2017-09-30: 6699000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 9.32 billion
Exact value

Exact value: 9317000000 USD

2016-10-01 – 2017-09-30: 9317000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2018 2017-10-01 – 2018-09-30
USD 10.3 billion
Exact value

Exact value: 10301000000 USD

2017-10-01 – 2018-09-30: 10301000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 12.94 billion
Exact value

Exact value: 12941000000 USD

2017-10-01 – 2018-09-30: 12941000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2019 2018-10-01 – 2019-09-30
USD 12.08 billion
Exact value

Exact value: 12080000000 USD

2018-10-01 – 2019-09-30: 12080000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 12.78 billion
Exact value

Exact value: 12784000000 USD

2018-10-01 – 2019-09-30: 12784000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2020 2019-10-01 – 2020-09-30
USD 10.87 billion
Exact value

Exact value: 10866000000 USD

2019-10-01 – 2020-09-30: 10866000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 10.44 billion
Exact value

Exact value: 10440000000 USD

2019-10-01 – 2020-09-30: 10440000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2021 2020-10-01 – 2021-09-30
USD 12.31 billion
Exact value

Exact value: 12311000000 USD

2020-10-01 – 2021-09-30: 12311000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 15.23 billion
Exact value

Exact value: 15227000000 USD

2020-10-01 – 2021-09-30: 15227000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2022 2021-10-01 – 2022-09-30
USD 14.96 billion
Exact value

Exact value: 14957000000 USD

2021-10-01 – 2022-09-30: 14957000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 18.85 billion
Exact value

Exact value: 18849000000 USD

2021-10-01 – 2022-09-30: 18849000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2023 2022-10-01 – 2023-09-30
USD 17.27 billion
Exact value

Exact value: 17273000000 USD

2022-10-01 – 2023-09-30: 17273000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 20.76 billion
Exact value

Exact value: 20755000000 USD

2022-10-01 – 2023-09-30: 20755000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2024 2023-10-01 – 2024-09-30
USD 19.74 billion
Exact value

Exact value: 19743000000 USD

2023-10-01 – 2024-09-30: 19743000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 19.95 billion
Exact value

Exact value: 19950000000 USD

2023-10-01 – 2024-09-30: 19950000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

2025 2024-10-01 – 2025-09-30
USD 20.06 billion
Exact value

Exact value: 20058000000 USD

2024-10-01 – 2025-09-30: 20058000000 USD Inspect Net Income Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

USD 23.06 billion
Exact value

Exact value: 23059000000 USD

2024-10-01 – 2025-09-30: 23059000000 USD Inspect Operating Cash Flow Open source
Share or cite

The citation records this snapshot. The page link may show a newer release later.

Unavailable Not reported for this period.
Unavailable

Free cash flow cannot be calculated because Capital expenditure is unavailable for this period.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

94 filings · 5,133 latest values · 5,133 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001403161, 1403161, V, edgar:1403161

Also known as VISA INC., Visa Inc.