Visa V · NYSE Services-Business Services, NEC · Fiscal year ends Sep 30
annual quarterly
Last 5 fiscal years
Revenue and net income $0 $10B $20B $30B $40B Sep 2021 Sep 2022 Sep 2023 Sep 2024 Sep 2025 Income statement Fiscal year Sep 2021 Sep 2022 Sep 2023 Sep 2024 Sep 2025 Revenue $24.1B $29.3B $32.7B $35.9B $40B Operating income $15.8B $18.8B $21B $23.6B $24B Net interest incomeBanks −$513M −$538M −$644M – – Interest expense – $538M $644M $641M $589M Pre-tax income $16.1B $18.1B $21B $23.9B $24.2B Income tax $3.8B $3.2B $3.8B $4.2B $4.1B Net income $12.3B $15B $17.3B $19.7B $20.1B
Balance sheet Fiscal year Sep 2021 Sep 2022 Sep 2023 Sep 2024 Sep 2025 Cash & equivalents $16.5B $15.7B $16.3B $12B $17.2B Receivables $2B $2B $2.3B $2.6B $3.1B Current assets $27.6B $30.2B $33.5B $34B $37.8B Net PP&E $2.7B $3.2B $3.4B $3.8B $4.2B Goodwill $16B $17.8B $18B $18.9B $19.9B Total assets $82.9B $85.5B $90.5B $94.5B $99.6B Payables $266M $340M $375M $479M $555M Deferred revenue – – – – $1.7B Current liabilities $15.7B $20.9B $23.1B $26.5B $35B Short-term debt $999M $2.3B $0 $0 $5.6B Long-term debt $21B $20.2B $20.5B $20.8B $19.6B Total liabilities $45.3B $49.9B $51.8B $55.4B $61.7B Shareholders' equity $37.6B $35.6B $38.7B $39.1B $37.9B Backlog (remaining obligations) $1.7B $1.8B $2.9B $4.1B $4.9B
Cash flow Fiscal year Sep 2021 Sep 2022 Sep 2023 Sep 2024 Sep 2025 Operating cash flow $15.2B $18.8B $20.8B $20B $23.1B Capital expenditure $705M $970M $1.1B $1.3B $1.5B Free cash flow $14.5B $17.9B $19.7B $18.7B $21.6B Depreciation & amortisation $804M $861M $943M $1B $1.2B Stock-based compensation $542M $602M $765M $850M $897M Acquisitions $75M $1.9B $0 $915M $887M Share buybacks $8.7B $11.6B $12.1B $16.7B $18.3B Dividends paid $2.8B $3.2B $3.8B $4.2B $4.6B Dividend per share 0.32 0.38 0.45 0.52 0.59
Key ratios Fiscal year Sep 2021 Sep 2022 Sep 2023 Sep 2024 Sep 2025 Revenue growth (YoY) – 21.6% 11.4% 10.0% 11.3% Operating income growth (YoY) – 19.0% 11.6% 12.4% 1.7% Operating margin 65.6% 64.2% 64.3% 65.7% 60.0% Net margin 51.1% 51.0% 52.9% 55.0% 50.1% Return on equity 32.8% 42.0% 44.6% 50.4% 52.9% ROCEEBIT ÷ (assets − current liabilities) 23.5% 29.1% 31.2% 34.7% 37.2% Free cash flow margin 60.2% 61.0% 60.3% 52.0% 53.9% Cash conversion (CFO ÷ net income) 1.24x 1.26x 1.20x 1.01x 1.15x Receivable days 30 25 26 26 29 Interest cover – 35.0x 32.6x 36.8x 40.7x Debt ÷ equity 0.58x 0.63x 0.53x 0.53x 0.66x Net debtDebt − cash & equivalents; excludes investments; negative = net cash $5.5B $6.8B $4.2B $8.9B $8B Current ratio 1.75x 1.45x 1.45x 1.28x 1.08x
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.