Get started

Financials · V

Visa Inc. (V) financials

For fiscal 2026 (ended Sep 30, 2026), Visa Inc. reported $45.90B of revenue and $23.50B of net income.

Revenue, FY2026
$45.90B
Revenue growth, YoY
+14.8%
Net income, FY2026
$23.50B
Net income growth, YoY
+17.2%
Net margin
51.2%
Free cash flow, FY2026
$22.06B
Cash
$12.94B
Total debt
$22.07B
P/E
32.13
P/S
16.45
Market cap
$755.16B
Annual revenue$45.90B
FY2017FY2026
Annual net income$23.50B
FY2017FY2026
Annual free cash flow$22.06B
FY2017FY2026

V revenue and earnings growth

V revenueQ4 2026$12.14B

Quarter YoY
+13.2%
QoQ
+4.3%
FY YoY
+14.8%
5Y CAGR
+13.7%
10Y CAGR
+11.8%

V revenue was $12.14B in fiscal Q4 2026 (ended Sep 30, 2026), up 13.2% from a year earlier and up 4.3% from the prior quarter. For the full fiscal 2026 it was $45.90B, up 14.8% from fiscal 2025. Compound annual growth was +13.7% over 5 years and +11.8% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

V net incomeQ4 2026$6.00B

Quarter YoY
+17.9%
QoQ
+6.6%
FY YoY
+17.2%
5Y CAGR
+13.8%
10Y CAGR
+14.6%

V net income was $6.00B in fiscal Q4 2026 (ended Sep 30, 2026), up 17.9% from a year earlier and up 6.6% from the prior quarter. For the full fiscal 2026 it was $23.50B, up 17.2% from fiscal 2025. Compound annual growth was +13.8% over 5 years and +14.6% over 10 years. It rose in 9 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

V free cash flowQ4 2026$6.89B

Quarter YoY
+17.8%
QoQ
+12.3%
FY YoY
+2.2%
5Y CAGR
+8.7%
10Y CAGR
+15.9%

V free cash flow was $6.89B in fiscal Q4 2026 (ended Sep 30, 2026), up 17.8% from a year earlier and up 12.3% from the prior quarter. For the full fiscal 2026 it was $22.06B, up 2.2% from fiscal 2025. Compound annual growth was +8.7% over 5 years and +15.9% over 10 years. It rose in 7 of the last 10 fiscal years. Fiscal 2026 is the highest of the 15 fiscal years on file.

Export CSV

Income statement

Income statement
Line item
FY2026
Sep 30, 2026
FY2025
Sep 30, 2025
FY2024
Sep 30, 2024
FY2023
Sep 30, 2023
FY2022
Sep 30, 2022
FY2021
Sep 30, 2021
FY2020
Sep 30, 2020
FY2019
Sep 30, 2019
FY2018
Sep 30, 2018
FY2017
Sep 30, 2017
Revenue$45.90B$40.00B$35.93B$32.65B$29.31B$24.11B$21.85B$22.98B$20.61B$18.36B
Selling, general and admin$2.30B$1.93B$1.60B$1.33B$1.19B$985.00M$1.10B$1.20B$1.15B$1.06B
Operating income$28.11B$23.99B$23.59B$21.00B$18.81B$15.80B$14.08B$15.00B$12.95B$12.14B
Interest expense$758.00M$589.00M$641.00M$644.00M$538.00M-----
Pre-tax income$28.09B$24.19B$23.92B$21.04B$18.14B$16.06B$13.79B$14.88B$12.81B$11.69B
Income tax$4.59B$4.14B$4.17B$3.76B$3.18B$3.75B$2.92B$2.80B$2.50B$5.00B
Net income$23.50B$20.06B$19.74B$17.27B$14.96B$12.31B$10.87B$12.08B$10.30B$6.70B

Balance sheet

Balance sheet
Line item
FY2026
Sep 30, 2026
FY2025
Sep 30, 2025
FY2024
Sep 30, 2024
FY2023
Sep 30, 2023
FY2022
Sep 30, 2022
FY2021
Sep 30, 2021
FY2020
Sep 30, 2020
FY2019
Sep 30, 2019
FY2018
Sep 30, 2018
FY2017
Sep 30, 2017
Cash and equivalents$12.94B$17.16B$19.76B$21.99B$20.38B$19.80B$19.17B$10.83B$10.98B$12.01B
Receivables$3.75B$3.13B$2.56B$2.29B$2.02B$1.97B$1.62B$1.54B$1.21B$1.13B
Current assets$30.49B$37.77B$34.03B$33.53B$30.20B$27.61B$27.64B$20.97B$18.22B$19.02B
Goodwill$20.80B$19.88B$18.94B$18.00B$17.79B$15.96B$15.91B$15.66B$15.19B$15.11B
Total assets$94.36B$99.63B$94.51B$90.50B$85.50B$82.90B$80.92B$72.57B$69.22B$67.98B
Current liabilities$31.59B$35.05B$26.52B$23.10B$20.85B$15.74B$14.51B$13.41B$11.30B$9.99B
Short-term debt$2.72B$5.57B$0$0$2.25B$999.00M$3.00B$0$0$1.75B
Long-term debt$19.36B$19.60B$20.84B$20.46B$20.20B$19.98B$21.07B$16.73B$16.63B$16.62B
Total debt$22.07B$25.17B$20.84B$20.46B$22.45B$20.98B$24.07B$16.73B$16.63B$18.37B
Total liabilities$58.25B$61.72B$55.37B$51.77B$49.92B$45.31B$44.71B$37.89B$35.22B$35.22B
Shareholders' equity$36.11B$37.91B$39.14B$38.73B$35.58B$37.59B$36.21B$34.68B$34.01B$32.76B

Cash flow

Cash flow
Line item
FY2026
Sep 30, 2026
FY2025
Sep 30, 2025
FY2024
Sep 30, 2024
FY2023
Sep 30, 2023
FY2022
Sep 30, 2022
FY2021
Sep 30, 2021
FY2020
Sep 30, 2020
FY2019
Sep 30, 2019
FY2018
Sep 30, 2018
FY2017
Sep 30, 2017
Operating cash flow$23.73B$23.06B$19.95B$20.75B$18.85B$15.23B$10.44B$12.78B$12.94B$9.32B
Capital expenditures$1.67B$1.48B$1.26B$1.06B$970.00M$705.00M$736.00M$756.00M$718.00M$707.00M
Free cash flow$22.06B$21.58B$18.69B$19.70B$17.88B$14.52B$9.70B$12.03B$12.22B$8.61B
Investing cash flow-$994.00M$708.00M-$1.93B-$2.01B-$4.29B-$152.00M$1.43B-$591.00M-$3.08B$735.00M
Financing cash flow-$28.24B-$18.96B-$20.63B-$17.77B-$12.70B-$14.41B-$3.97B-$12.06B-$10.79B-$5.92B
Dividends paid$5.11B$4.63B$4.22B$3.75B$3.20B$2.80B$2.66B$2.27B$1.92B$1.58B
Share repurchases$20.45B$18.32B$16.71B$12.10B$11.59B$8.68B$8.11B$8.61B$7.19B$6.89B
Stock-based compensation$928.00M$897.00M$850.00M$765.00M$602.00M$542.00M$416.00M$407.00M$327.00M$235.00M
Depreciation and amortization$1.40B$1.22B$1.03B$943.00M$861.00M$804.00M$767.00M$656.00M$613.00M$556.00M

Key ratios

Key ratios
Line item
FY2026
Sep 30, 2026
FY2025
Sep 30, 2025
FY2024
Sep 30, 2024
FY2023
Sep 30, 2023
FY2022
Sep 30, 2022
FY2021
Sep 30, 2021
FY2020
Sep 30, 2020
FY2019
Sep 30, 2019
FY2018
Sep 30, 2018
FY2017
Sep 30, 2017
Revenue growth, YoY14.8%11.3%10.0%11.4%21.6%10.3%-4.9%11.5%12.3%21.7%
Net income growth, YoY17.2%1.6%14.3%15.5%21.5%13.3%-10.0%17.3%53.8%11.8%
Operating margin61.2%60.0%65.7%64.3%64.2%65.6%64.5%65.3%62.9%66.2%
Net margin51.2%50.1%55.0%52.9%51.0%51.1%49.7%52.6%50.0%36.5%
Free cash flow margin48.1%53.9%52.0%60.3%61.0%60.2%44.4%52.3%59.3%46.9%
Return on equity65.1%52.9%50.4%44.6%42.0%32.8%30.0%34.8%30.3%20.4%
Return on assets24.9%20.1%20.9%19.1%17.5%14.9%13.4%16.6%14.9%9.9%
Current ratio0.971.081.281.451.451.751.911.561.611.90
Debt to equity0.610.660.530.530.630.560.660.480.490.56

Source: XBRL data Visa Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

V peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
V$45.90B+14.8%$23.50B51.2%$755.16B
MA$36.29B+15.3%$16.96B46.7%$568.62B
BABACN¥1.02T+2.7%CN¥103.59B10.1%$265.13B
ACN$74.18B+6.5%$8.37B11.3%$174.20B
UBER$56.53B+13.9%$3.46B6.1%$140.05B
PDDCN¥431.85B+9.7%CN¥97.84B22.7%$118.18B
DASH$17.06B+35.0%$1.06B6.2%$78.33B
MELI$38.52B+47.1%$1.89B4.9%$76.55B
RELX£9.59B+1.7%£2.06B21.5%$70.19B

V FAQ

7 questions
  • What is V revenue?
    Visa Inc. (V) reported $45.90B of revenue for fiscal 2026 (ended Sep 30, 2026). That is up 14.8% from the year before.
  • Is V profitable?
    Yes. Visa Inc. earned $23.50B in net income for fiscal 2026 (ended Sep 30, 2026), a net margin of 51.2%.
  • How much cash and debt does V have?
    Visa Inc. reported $12.94B in cash and cash equivalents and $22.07B of debt on its most recent balance sheet in SEC filings.
  • How fast is V revenue growing?
    Visa Inc.'s revenue changed +14.8% in fiscal 2026, to $45.90B. Its compound annual growth rate was +13.7% over 5 years and +11.8% over 10 years.
  • What is V free cash flow?
    Visa Inc. generated $22.06B of free cash flow for fiscal 2026 (ended Sep 30, 2026), which is operating cash flow of $23.73B less capital expenditures.
  • When did V last report financial results?
    The latest statements here come from Visa Inc.'s 10-K filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this V financial data come from?
    Quantisnow builds these statements from the structured XBRL data Visa Inc. files with the SEC. It is provided for information only and is not investment advice.