Monday 26 October 2026
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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.
407.92
6.42
−1.55%
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Visa Inc. (V) revenue by segment, product and region
Where the money comes from and where it goes
| 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 49.26% | 12,792 53.07% | 10,975 50.24% | 10,333 44.97% | 9,027 43.80% | 7,786 42.41% |
| Service revenue | 13,361 45.59% | 11,475 47.60% | 9,804 44.88% | 9,700 42.22% | 8,918 43.27% | 7,975 43.44% |
| International transaction revenue | 9,815 33.49% | 6,530 27.09% | 6,299 28.83% | 7,804 33.96% | 7,211 34.99% | 6,321 34.43% |
| Other revenue | 1,991 6.79% | 1,675 6.95% | 1,432 6.55% | 1,313 5.71% | 944 4.58% | 841 4.58% |
| Client incentives | (10,295) (35.12%) | (8,367) (34.71%) | (6,664) (30.50%) | (6,173) (26.87%) | (5,491) (26.64%) | (4,565) (24.87%) |
| 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 60.92% | 21,146 58.86% | 18,515 56.70% | 16,459 56.15% | 12,945 53.70% | 11,721 53.65% | 12,698 55.26% | 11,277 54.72% | 9,654 52.59% |
| U.S. | 15,633 39.08% | 14,780 41.14% | 14,138 43.30% | 12,851 43.85% | 11,160 46.30% | 10,125 46.35% | 10,279 44.74% | 9,332 45.28% | 8,704 47.41% |
| 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% |