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Visa V Q2 2025 earnings

Reported April 29, 2025 · After market close

Revenue$9.6BBeat by $42.6M
EPS$2.76Beat by $0.08
Revenue estimate$9.6B
EPS estimate$2.68

Next report

Oct 27, 2026 (in 2 months)
Revenue estimate$12.1B
EPS estimate$3.43

Financials

Q2 2025

Income statement

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Revenue$9.6B+9.3%
Gross profit$9.4B+9.1%
Operating income$5.4B+1.5%
Net income$4.6B-1.8%
EPS (diluted)$2.32+1.3%

Balance sheet

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Cash & equivalents$19.1B+1.0%
Total debt$24.7B+19.9%
Total equity$38.0B-6.1%
Total assets$92.9B+0.5%

Cash flow

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Operating cash flow$4.7B+3.5%
CapEx$327.0M+16.4%
Free cash flow$4.4B+2.6%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$676.04B+23.1%
Enterprise value$681.62B+23.7%
P/E34×+4.1×
P/S18×+1.9×

Profitability

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Gross margin97.8%0.0pp
Operating margin63.7%-0.4pp
Net margin52.9%-1.0pp
FCF margin54.5%-3.3pp

Returns & leverage

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Return on equity50.7%+4.1pp
Debt / equity0.6×+0.1×
Current ratio1.1×-0.3×

Segments

By product

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Data processing revenue$4.7B+10.4%
Service revenue$4.4B+9.1%
International transaction revenue$3.3B+10.3%
Other revenue$937.0M+23.9%
Client incentives-$3.7B-14.6%

By geography

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U.S.$3.8B—

FAQ

When did Visa report Q2 2025 earnings?
Visa (V) reported Q2 2025 earnings on April 29, 2025 after market close.
What were Visa's Q2 2025 revenue and EPS?
Visa reported revenue of $9.6B and eps of $2.76 for Q2 2025.
Did Visa beat estimates in Q2 2025?
Revenue beat the consensus estimate of $9.6B by $42.6M. EPS beat the consensus estimate of $2.68 by $0.08.
Where can I find Visa's Q2 2025 SEC filings?
You can read the 8-K earnings release (0001403161-25-000035) and the 10-Q periodic report (0001403161-25-000037) directly on SEC EDGAR. The filing index links above go to sec.gov.