Visa Inc.
Visa Inc.’s revenue for fiscal 2025 (year ended September 2025) was $40.0 billion, up 11.3% from fiscal 2024. Member of the S&P 500 and Dow Jones; dividend growth for ten consecutive years, revenue growth for five.
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Visa Inc. 10-Q filed Jul 29, 2026
Red flags
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Receivables outpacing revenue
Receivables grew 103.0% while revenue grew 14.4% year over year
What changed
Part I, Item 2, Management’s Discussion and Analysis, against the 10-Q filed Apr 29, 2026: 7 added · 2 removed · 33 modified; 11 with only figures updated
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Modified · Overview
Highlights. For the three and
sixnine months endedMarch 31June 30, 2026, net revenue increased1714% and1615%, respectively, over the prior-year comparable periods,respectively,primarily due to the growth in nominal cross-border volume, nominal payments volume and processed transactions, partially offset by higher client incentives. See Results of Operations—Net Revenue below for further discussion. For the three andsixnine months endedMarch 31June 30, 2026, exchange rate movements increased our net revenue growth by approximately one percentage point.
41 more changes in this Item, word by word, in Powerpack.
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