Financials in USD. Standardized financial statements.
A compact view of how Visa Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $40.00B | $35.93B | $32.65B | $29.31B | $24.11B | $21.85B | $22.98B | $20.61B | $18.36B | $15.08B |
| Revenue Growth? | +11.3% | +10.0% | +11.4% | +21.6% | +10.3% | -4.9% | +11.5% | +12.3% | +21.7% | 0.0% |
| Cost of Revenue? | $7.86B | $7.04B | $6.57B | $5.73B | $4.97B | $4.51B | $4.17B | $3.86B | $3.25B | $2.76B |
| Gross Profit? | $32.15B | $28.88B | $26.09B | $23.58B | $19.14B | $17.33B | $18.81B | $16.75B | $15.11B | $12.32B |
| Gross Margin? | +80.4% | +80.4% | +79.9% | +80.4% | +79.4% | +79.3% | +81.9% | +81.3% | +82.3% | +81.7% |
| Operating Expenses? | $8.15B | $5.29B | $5.09B | $4.76B | $3.33B | $3.25B | $3.81B | $3.80B | $2.97B | $4.43B |
| Operating Income? | $23.99B | $23.59B | $21.00B | $18.81B | $15.80B | $14.08B | $15.00B | $12.95B | $12.14B | $7.88B |
| EBITDA? | $26.00B | $25.59B | $22.62B | $19.54B | $17.38B | $15.07B | $16.07B | $14.03B | $12.72B | $8.94B |
| Income Before Tax | $24.19B | $23.92B | $21.04B | $18.14B | $16.06B | $13.79B | $14.88B | $12.81B | $11.69B | $8.01B |
| Income Tax Expense | $4.14B | $4.17B | $3.76B | $3.18B | $3.75B | $2.92B | $2.80B | $2.50B | $5.00B | $2.02B |
| Net Income? | $20.06B | $19.74B | $17.27B | $14.96B | $12.31B | $10.87B | $12.08B | $10.30B | $6.70B | $5.99B |
| EPS? | $10.22 | $9.74 | $8.29 | $7.01 | $5.63 | $4.90 | $5.32 | $4.43 | $2.80 | $2.49 |
| Diluted EPS? | $10.20 | $9.73 | $8.28 | $7.00 | $5.63 | $4.89 | $5.32 | $4.42 | $2.80 | $2.48 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality