Visa Inc.
Visa Inc.’s revenue for fiscal 2025 (year ended September 2025) was $40.0 billion, up 11.3% from fiscal 2024. In the quarter to June 2026, revenue grew 14.4%, EPS grew 10.4%, free cash flow fell 2.73% and total debt fell 5.09%, each against the same quarter a year earlier. 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. (V) Operating margin
Visa Inc.'s operating margin over the twelve months to 30 June 2026 was 60.7%, up 0.7 percentage points from fiscal 2025 (60.0%). Over the past ten years it has ranged from 52.3% (fiscal 2016) to 66.2% (fiscal 2017); the current reading is higher than 18% of that period. That is above the Credit Services industry median of 0.34% and above the Financial sector median of 0.00%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 60.0% | (5.69) |
| FY2024 | 65.7% | 1.37 |
| FY2023 | 64.3% | 0.12 |
| FY2022 | 64.2% | (1.37) |
| FY2021 | 65.6% | 1.10 |
| FY2020 | 64.5% | (0.83) |
| FY2019 | 65.3% | 2.43 |
| FY2018 | 62.9% | (3.29) |
| FY2017 | 66.2% | 13.88 |
| FY2016 | 52.3% | (13.03) |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 59.1% | (5.30) |
| Mar 2026 | 64.4% | 2.62 |
| Dec 2025 | 61.8% | 4.47 |
| Sep 2025 | 57.3% | (3.40) |
| 42 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| V Visa Inc. | 60.7% |
| MA Mastercard Incorporated compare | 58.3% |
| PYPL PayPal Holdings, Inc. compare | 17.4% |
| AFRM Affirm Holdings, Inc. compare | 9.79% |
| COF Capital One Financial Corporation compare | 0.00% |
| SOFI SoFi Technologies, Inc. compare | 0.00% |
| AXP American Express Company compare | 0.00% |
| ALLY Ally Financial Inc. compare | 0.00% |
| SYF Synchrony Financial compare | 0.00% |
| Credit Services industry median | 0.34% |
| Financial sector median | 0.00% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
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- Piotroski F-score
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