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Visa V Gross margin

Gross margin at other companies

Fidelity National Information Services logo
Fidelity National Information ServicesFIS
35.9%-0.7pp
Marqeta logo
MarqetaMQ
70%+0.6pp
ACI Worldwide logo
ACI WorldwideACIW
49.1%-1.2pp
Global Payments logo
Global PaymentsGPN
63.9%-9.8pp
WEX logo
WEXWEX
59.6%0.0pp
Deluxe logo
DeluxeDLX
52.5%-0.4pp

Other financials

Income statement

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Revenue$11.6B+14.4%
Gross profit$11.4B+14.1%
Operating income$6.9B+11.3%
Net income$5.6B+6.8%
EPS (diluted)$2.97+10.4%

Balance sheet

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Cash & equivalents$18.8B-23.2%
Total debt$26.9B-12.5%
Total equity$35.2B-9.0%
Total assets$94.6B-5.4%

Cash flow

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Operating cash flow$6.6B-2.6%
CapEx$417.0M-1.0%
Free cash flow$6.1B-2.7%

Valuation

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Market cap$688.08B+4.3%
Enterprise value$696.17B+4.6%
P/E30.5×-2.0×
P/S15.5×-1.5×

Profitability

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Operating margin60.7%-1.5pp
Net margin50.8%-1.4pp
FCF margin47.2%-9.5pp

Returns & leverage

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Return on equity61.2%+9.4pp
Debt / equity0.8×0.0×
Current ratio-0.1×

Where this comes from

Calculated from Visa’s reported figures.

Based on trailing twelve months.

The source filing: Visa’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 28, 2026, 8:00 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001403161-26-000104

FAQ

What is Visa's gross margin?
Visa (V) reported gross margin of 97.7% in Q2 2026.
How has Visa's gross margin changed year-over-year?
Visa's gross margin decreased by 0.1% year-over-year, from 97.8% to 97.7%.
What is the long-term trend for Visa's gross margin?
Over 4 years (2021 to 2025), Visa's gross margin has grown at a 0.2% compound annual growth rate (CAGR), from 97% to 97.8%.
What does gross margin mean?
Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

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