Visa Inc.
Financial Performance
Visa Revenue & Financials
Revenue
$40B (FY2025)
Market Cap
$676B
Net Income
$20.1B
Employees
34,100
What is Visa's revenue?
Visa had $40B in revenue for fiscal year 2025, up 11.3% from 2024. Net income was $20.1B.
- Latest revenue
- $40B (FY2025)
- Year-over-year
- +11.3%
- Growth rate (CAGR)
- 11.4% over 9 years
- Peak revenue
- $40B (FY2025)
- Years of data
- 10
- Employees
- 34,100
Financial Analysis
Visa's fiscal year ends September 30. Fiscal 2025 net revenue was USD 40.0 billion, up 11% from USD 35.9 billion in fiscal 2024, and GAAP net income was USD 20.1 billion. Growth continued in fiscal 2026: in the third quarter (April to June 2026) net revenue rose 14% to USD 11.6 billion, quarterly payments volume passed USD 4 trillion for the first time, and Visa returned USD 6.2 billion to shareholders through buybacks and dividends. Fiscal 2026 full-year results are due in late October 2026. Visa Inc. is a global payments technology juggernaut, sustaining a colossal market valuation well over $500 billion.
Revenue Trend Analysis
YoY Change
+11.3%
9-Year CAGR
+11.4%
Peak Year
2025
Trend
Consistent Growth
Visa Inc. has 10 full fiscal year figures on this page, compounding at +11.4% annually over 9 years. The most recent year saw a 11.3% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $40B. Of 9 comparable year-over-year steps, 8 showed growth and 1 showed a decline.
Annual revenue history
Click any row to see year details.
Visa Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row.
| Fiscal Year | Operating cash flow | Total assets | Total liabilities | Source |
|---|---|---|---|---|
| FY2025ended Sep 30, 2025 | $23.1B | $99.6B | $61.7B | Form 10-K |
| FY2024ended Sep 30, 2024 | $19.9B | $94.5B | $55.4B | Form 10-K |
| FY2023ended Sep 30, 2023 | $20.8B | $90.5B | $51.8B | Form 10-K |
| FY2022ended Sep 30, 2022 | $18.8B | $85.5B | $49.9B | Form 10-K |
| FY2021ended Sep 30, 2021 | $15.2B | $82.9B | $45.3B | Form 10-K |
| FY2020ended Sep 30, 2020 | $10.4B | $80.9B | $44.7B | Form 10-K |
| FY2019ended Sep 30, 2019 | $12.8B | $72.6B | $37.9B | Form 10-K |
| FY2018ended Sep 30, 2018 | $12.9B | $69.2B | $35.2B | Form 10-K |
| FY2017ended Sep 30, 2017 | $9.3B | $68B | $35.2B | Form 10-K |
| FY2016ended Sep 30, 2016 | $5.6B | $64B | $31.1B | Form 10-K |
Keep researching Visa
Visa Revenue and Financial FAQ
What were Visa's net revenue and net income in fiscal year 2025?
In fiscal 2025 (ended September 30, 2025), Visa reported record net revenue of $40.0 billion (up 10% year-over-year) and GAAP net income of $20.1 billion, representing an astounding 50.2% net profit margin.
What was Visa's total payments volume and transaction count in FY2025?
Visa processed $14.2 trillion in total payment volume and cleared 257.5 billion processed transactions on VisaNet, averaging over 700 million transactions processed every single day.
What is Visa's free cash flow conversion and operating cash flow?
Visa generates over $22 billion in annual operating cash flow, converting nearly 100% of net income into free cash flow due to minimal capital expenditure requirements (~$1.2 billion annually).
How much capital does Visa return to shareholders via share buybacks?
Visa regularly repurchases $12 billion to $15 billion of its common stock each year, retiring shares at a disciplined pace to steadily drive diluted earnings per share (EPS) growth.
What is Visa's dividend growth track record?
Visa has increased its cash dividend for 16 consecutive years since its 2008 IPO, delivering compound annual dividend growth exceeding 15% with a modest ~20% payout ratio.
What is Visa's balance sheet debt and liquidity position?
Visa maintains an A-rated balance sheet with approximately $18 billion to $20 billion in cash, cash equivalents, and investment securities, counterbalanced by around $22 billion in low-coupon senior unsecured notes.
How do client incentives impact Visa's financial statements?
In FY2025, Visa paid roughly $15 billion in gross client incentives to banks and co-brand partners, which are accounted for as a direct contractual deduction from gross revenues.
What is the breakdown between consumer credit and consumer debit volume?
Global payments volume is balanced almost evenly: debit accounts for approximately 52% of total transaction volume, while credit cards represent 48%, providing resilience across economic expansions and contractions.
What is Visa's market capitalization and valuation profile?
Visa trades as one of the world's most valuable enterprises, commanding a market capitalization between $650 billion and $700 billion and trading at an earnings multiple reflecting its durable economic moat.
How does inflation affect Visa's financial top-line?
Inflation acts as an organic revenue tailwind for Visa; because service fees are levied as an ad valorem percentage on total nominal dollar transaction amounts, rising prices automatically lift Visa's fee collections.
What is Visa's effective corporate tax rate?
Visa reports an effective global GAAP tax rate between 19% and 21%, benefiting from foreign tax credits and normalized US corporate tax provisions.
What is management's forward multi-year financial guidance?
Management guides for high single-digit to low double-digit net revenue growth and low-to-mid-teens EPS growth, driven by digital cash displacement, VAS expansion, and cross-border travel normalization.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Visa Revenue & Financials." CorpDigest, https://corpdigest.com/company/visa/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Visa reported $40B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/visa/financials" target="_blank" rel="noopener">CorpDigest — Visa financials</a></div>Related Financial Audits
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