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Visa V Net margin

Net margin at other companies

American Express logo
American ExpressAXP
15.1%-0.2pp
Mastercard logo
MastercardMA
45.9%+0.7pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
15%+0.7pp
U.S. Bancorp logo
U.S. BancorpUSB
27%+2.8pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
23.3%+15.3pp
Corpay logo
CorpayCPAY
24.6%-0.6pp

Other financials

Income statement

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Revenue$11.2B+17.1%
Operating income$7.2B+33.1%
Net income$6.0B+31.6%

Balance sheet

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Cash & equivalents$18.7B-2.3%
Total debt$25.5B+3.3%
Total equity$35.7B-6.2%
Total assets$95.0B+2.4%

Cash flow

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Operating cash flow$3.0B-35.9%
CapEx$383.0M+17.1%
Free cash flow$2.6B-39.9%

Valuation

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Market cap$628.3B-14.0%
Enterprise value$635.13B-13.7%
P/E28.3×-8.5×
P/S14.6×-4.8×

Profitability

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Operating margin61.1%-2.6pp

Returns & leverage

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Return on equity60.3%+9.7pp
Debt / equity0.7×+0.1×
Current ratio1.1×0.0×

Where this comes from

Calculated from Visa’s reported figures.

Based on trailing twelve months.

The official record: Visa’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Visa's net margin?
Visa (V) reported net margin of 51.7% in Q1 2026.
How has Visa's net margin changed year-over-year?
Visa's net margin decreased by 2.2% year-over-year, from 52.9% to 51.7%.
What is the long-term trend for Visa's net margin?
Over 4 years (2021 to 2025), Visa's net margin has grown at a 1.3% compound annual growth rate (CAGR), from 198.9% to 209.4%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.