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Visa V Business Segments

TTM Q2 '26TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25
Net revenue by Product
Client incentives-$16.73B-3.1%-$16.22B-3.0%-$15.75B-4.1%-$15.13B-3.0%-$14.69B-3.4%
Data processing revenue$21.63B+4.0%$20.79B+4.0%$19.99B+4.1%$19.21B+3.6%$18.55B+2.4%
International transaction revenue$14.72B+2.4%$14.38B+1.5%$14.17B+2.4%$13.83B+3.3%$13.4B+2.3%
Other revenue$4.74B+8.8%$4.36B+7.5%$4.05B+5.4%$3.85B+6.9%$3.6B+5.3%
Service revenue$18.67B+3.2%$18.09B+3.1%$17.54B+2.4%$17.14B+2.2%$16.77B+2.2%
Net revenue by Geography
International$26.46B+4.5%$25.33B+4.0%$24.37B+3.5%$23.55B+4.3%$22.58B+3.0%
U.S.$16.57B+3.2%$16.06B+2.7%$15.63B+1.9%$15.35B+2.0%$15.04B+1.1%

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Questions, answered.

How does Visa break its business down?
Visa (V) reports net revenue by product across 5 parts — Client incentives, Data processing revenue, International transaction revenue, Other revenue and Service revenue. Each is extracted from the segment footnotes and tracked over time.
Where does Visa's segment data come from?
Segment breakdowns are pulled from the segment footnotes in Visa's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.