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Visa V Operating margin

Operating margin at other companies

Mastercard logo
MastercardMA
58.3%+2.6pp
PayPal Holdings, Inc. logo
PayPal Holdings, Inc.PYPL
17.4%-0.7pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
15.7%-1.2pp
Marqeta logo
MarqetaMQ
-4%-5.3pp
ACI Worldwide logo
ACI WorldwideACIW
18.4%-3.0pp
Global Payments logo
Global PaymentsGPN
15.3%-10.4pp

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$683.58B+2.9%
Enterprise value$691.67B+3.2%
P/E30.3×-2.5×
P/S15.4×-1.7×

Profitability

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Gross margin97.7%-0.1pp
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 operating margin?
Visa (V) reported operating margin of 60.7% in Q2 2026.
How has Visa's operating margin changed year-over-year?
Visa's operating margin decreased by 2.5% year-over-year, from 62.2% to 60.7%.
What is the long-term trend for Visa's operating margin?
Over 4 years (2021 to 2025), Visa's operating margin has grown at a -2.2% compound annual growth rate (CAGR), from 65.6% to 60%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.

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