Income StatementBalance SheetCash FlowBusiness Segments
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Visa Income Statement

Revenue, expenses, and profitability over time

Visa generated $40.0B in trailing twelve-month revenue, up 0.1% year-over-year. Net income was $20.1B with a 50.14% net margin. Based on the Q4 2025 filing.

Total Revenue (TTM)$40.0BOperating Income (TTM)$24.0BNet Income (TTM)$20.1B
Latest FilingQ4 2025
Report Date2025-11-06
Market Cap$568.35B
P/E Ratio28.34

Operating Expenses

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Compensation and benefits$1.5B$1.8B$1.7B$1.7B$1.8B$1.7B
Depreciation and amortization$247.0M$282.0M$305.0M$317.0M$282.0M$316.0M
General and administrative$340.0M$481.0M$419.0M$482.0M$481.0M$544.0M
Professional fees$131.0M$143.0M$173.0M$187.0M$143.0M$256.0M
Selling and marketing$293.0M$306.0M$381.0M$421.0M$306.0M$576.0M
Total operating expenses$2.7B$3.3B$4.2B$4.0B$3.3B$4.6B
Litigation provision$9.0M$44.0M$1.0B$615.0M$44.0M$903.0M
Network and processing expense$181.0M$207.0M$224.0M$224.0M$207.0M$239.0M

Income Before Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income before income taxes$6.0B$6.2B$5.4B$6.3B$6.2B$6.2B

Tax

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Income tax expense$1.2B$1.1B$861.0M$1.1B$1.1B$1.1B

Other Income & Expense

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Interest expense$351.0M$182.0M$158.0M$39.0M$182.0M$210.0M
Net investment gains (losses)$275.0M$148.0M$161.0M$195.0M$148.0M$285.0M
Other income (expense), net$88.0M-$34.0M$3.0M$156.0M-$34.0M$75.0M

Net Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Net income$4.9B$5.1B$4.6B$5.3B$5.1B$5.1B

Operating Income

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Operating income$6.0B$6.2B$5.4B$6.2B$6.2B$6.1B

Revenue

MetricQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25
Total revenue$8.6B$9.5B$9.6B$10.2B$9.5B$10.7B

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