Visa Inc.

V Financial Credit Services

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.

407.92 6.42 −1.55%
Market cap
$761.6B
P/E
33.4×
Fwd P/E
32.6×
Dividend yield
0.66%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Visa Inc. (V) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2025: revenue by regions, and margins
International 24,367 60.92%
U.S. 15,633 39.08%
Gross margin 100.00%
Operating margin 59.99%
Pre-tax margin 60.49%

Revenue by product or service $m

Line FY2022 FY2021 FY2020 FY2019 FY2018 FY2017
Data processing revenue 14,438 12,792 10,975 10,333 9,027 7,786
Service revenue 13,361 11,475 9,804 9,700 8,918 7,975
International transaction revenue 9,815 6,530 6,299 7,804 7,211 6,321
Other revenue 1,991 1,675 1,432 1,313 944 841
Client incentives (10,295) (8,367) (6,664) (6,173) (5,491) (4,565)
Revenue 29,310 24,105 21,846 22,977 20,609 18,358

Revenue by region $m

Line FY2025 FY2024 FY2023 FY2022 FY2021 FY2020 FY2019 FY2018 FY2017
International 24,367 21,146 18,515 16,459 12,945 11,721 12,698 11,277 9,654
U.S. 15,633 14,780 14,138 12,851 11,160 10,125 10,279 9,332 8,704
Revenue 40,000 35,926 32,653 29,310 24,105 21,846 22,977 20,609 18,358

Operating figures as reported in each quarter’s results release

Figure Quarter Latest A year before Change
Cross-border volume excluding intra-Europe Q3 FY2026 12.0% 11.0% —
Cross-border volume total Q3 FY2026 13.0% 12.0% —
Payments volume Q3 FY2026 10.0% 8.00% —
Processed transactions Q3 FY2026 10.0% 10.0% —
Total processed transactions Q3 FY2026 71.7B 65.4B +9.63%

As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.