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Visa Inc. (V)

NYSE Financials Transaction & Payment Processing Services S&P 500Dow 30
$422.65
+0.06 (+0.01%)
Close of Nov 06, 2026 · end-of-day data
Source: Visa Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 06, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue$18.36B$20.61B$22.98B$21.85B$24.11B$29.31B$32.65B$35.93B$40.00B$45.90B
Operating income$12.14B$12.95B$15.00B$14.08B$15.80B$18.81B$21.00B$23.59B$23.99B$28.11B
Interest expense—————$538.00M$644.00M$641.00M$589.00M$758.00M
Pre-tax income$11.69B$12.81B$14.88B$13.79B$16.06B$18.14B$21.04B$23.92B$24.19B$28.09B
Income tax$5.00B$2.50B$2.80B$2.92B$3.75B$3.18B$3.76B$4.17B$4.14B$4.59B
Net income$6.70B$10.30B$12.08B$10.87B$12.31B$14.96B$17.27B$19.74B$20.06B$23.50B
EBITDA$12.70B$13.57B$15.66B$14.85B$16.61B$19.67B$21.94B$24.63B$25.21B$29.51B
Operating margin66.2%62.9%65.3%64.5%65.6%64.2%64.3%65.7%60.0%61.2%
Net margin36.5%50.0%52.6%49.7%51.1%51.0%52.9%55.0%50.1%51.2%

Balance sheet

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash & equivalents$9.87B$8.16B$7.84B$16.29B$16.49B$15.69B$16.29B$11.97B$17.16B$12.94B
Short-term investments—$3.43B$4.11B$3.60B——————
Receivables$1.13B$1.21B$1.54B$1.62B$1.97B$2.02B$2.29B$2.56B$3.13B$3.75B
Total current assets$19.02B$18.22B$20.97B$27.64B$27.61B$30.20B$33.53B$34.03B$37.77B$30.49B
Goodwill$15.11B$15.19B$15.66B$15.91B$15.96B$17.79B$18.00B$18.94B$19.88B$20.80B
Total assets$67.98B$69.22B$72.57B$80.92B$82.90B$85.50B$90.50B$94.51B$99.63B$94.36B
Total current liabilities$9.99B$11.30B$13.41B$14.51B$15.74B$20.85B$23.10B$26.52B$35.05B$31.59B
Short-term debt$1.75B$0$0$3.00B$999.00M$2.25B$0$0$5.57B$2.72B
Long-term debt$16.62B$16.63B$16.73B$21.07B$19.98B$20.20B$20.46B$20.84B$19.60B$19.36B
Total debt$18.37B$16.63B$16.73B$24.07B$20.98B$22.45B$20.46B$20.84B$25.17B$22.07B
Total liabilities$35.22B$35.22B$37.89B$44.71B$45.31B$49.92B$51.77B$55.37B$61.72B$58.25B
Shareholders' equity$32.76B$34.01B$34.68B$36.21B$37.59B$35.58B$38.73B$39.14B$37.91B$36.11B

Cash flow

fiscal years · USD
Fiscal yearFY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Operating cash flow$9.32B$12.94B$12.78B$10.44B$15.23B$18.85B$20.75B$19.95B$23.06B$23.73B
Capital expenditures$707.00M$718.00M$756.00M$736.00M$705.00M$970.00M$1.06B$1.26B$1.48B$1.67B
Free cash flow$8.61B$12.22B$12.03B$9.70B$14.52B$17.88B$19.70B$18.69B$21.58B$22.06B
Investing cash flow$735.00M-$3.08B-$591.00M$1.43B-$152.00M-$4.29B-$2.01B-$1.93B$708.00M-$994.00M
Financing cash flow-$5.92B-$10.79B-$12.06B-$3.97B-$14.41B-$12.70B-$17.77B-$20.63B-$18.96B-$28.24B
Dividends paid$1.58B$1.92B$2.27B$2.66B$2.80B$3.20B$3.75B$4.22B$4.63B$5.11B
Share buybacks$6.89B$7.19B$8.61B$8.11B$8.68B$11.59B$12.10B$16.71B$18.32B$20.45B
Stock-based compensation$235.00M$327.00M$407.00M$416.00M$542.00M$602.00M$765.00M$850.00M$897.00M$928.00M
Depreciation & amortization$556.00M$613.00M$656.00M$767.00M$804.00M$861.00M$943.00M$1.03B$1.22B$1.40B

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.