Visa Inc. (V) — Financial statements
Income statement, balance sheet, and cash flow for Visa Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 40,000↑11.3% | 35,926↑10.0% | 32,653↑11.4% | 29,310↑21.6% | 24,105 | |
| Cost of Revenue | 7,855↑11.5% | 7,042↑7.2% | 6,567↑14.5% | 5,733↑15.4% | 4,970 | |
| Gross Profit | 32,145↑11.3% | 28,884↑10.7% | 26,086↑10.6% | 23,577↑23.2% | 19,135 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 2,685↑20.2% | 2,233↑19.1% | 1,875↑10.4% | 1,699↑22.4% | 1,388 | |
| Selling & Marketing Expenses | 1,684↑7.9% | 1,560↑16.3% | 1,341↑0.4% | 1,336↑17.6% | 1,136 | |
| SG&A Expenses | 4,369↑15.2% | 3,793↑17.9% | 3,216↑6.0% | 3,035↑20.2% | 2,524 | |
| Other Expenses | 3,782↑152.8% | 1,496↓20.0% | 1,870↑8.2% | 1,729↑114.3% | 807 | |
| Operating Expenses | 8,151↑54.1% | 5,289↑4.0% | 5,086↑6.8% | 4,764↑43.0% | 3,331 | |
| Total Costs & Expenses | 16,006↑29.8% | 12,331↑5.8% | 11,653↑11.0% | 10,497↑26.5% | 8,301 | |
| Operating Results | ||||||
| Operating Income | 23,994↑1.7% | 23,595↑12.4% | 21,000↑11.6% | 18,813↑19.0% | 15,804 | |
| Depreciation & Amortization | 1,220↑18.0% | 1,034↑9.7% | 943↑9.5% | 861↑7.1% | 804 | |
| EBITDA | 26,003↑1.6% | 25,591↑13.1% | 22,624↑15.8% | 19,535↑12.4% | 17,380 | |
| EBIT | 24,783↑0.9% | 24,557↑13.3% | 21,681↑16.1% | 18,674↑12.7% | 16,576 | |
| Interest & Other Income | ||||||
| Net Interest Income | -589↑8.1% | -641↑0.5% | -644↓19.7% | -538↓4.9% | -513 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 589↓8.1% | 641↓0.5% | 644↑19.7% | 538↑4.9% | 513 | |
| Non-Operating Income | -789↑18.0% | -962↓41.3% | -681↓589.9% | 139↑118.0% | -772 | |
| Other Income / Expenses | 200↓37.7% | 321↑767.6% | 37↑105.5% | -677↓361.4% | 259 | |
| Income Before Tax | 24,194↑1.2% | 23,916↑13.7% | 21,037↑16.0% | 18,136↑12.9% | 16,063 | |
| Income Tax Expense | 4,136↓0.9% | 4,173↑10.9% | 3,764↑18.4% | 3,179↓15.3% | 3,752 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 20,058↑1.6% | 19,743↑14.3% | 17,273↑15.5% | 14,957↑21.5% | 12,311 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 20,058↑1.6% | 19,743↑14.3% | 17,273↑15.5% | 14,957↑21.5% | 12,311 | |
| Bottom-Line Net Income | 19,853↑0.6% | 19,743↑14.3% | 17,273↑15.5% | 14,957↑21.5% | 12,311 | |
| EPS (Basic) | 10.22↑4.9% | 9.74↑17.5% | 8.29↑18.3% | 7.01↑24.5% | 5.63 | |
| EPS (Diluted) | 10.20↑4.8% | 9.73↑17.5% | 8.28↑18.3% | 7.00↑24.3% | 5.63 | |
| Weighted Average Shares | 1,942↓2.8% | 1,997↓4.2% | 2,085↓2.4% | 2,136↑0.3% | 2,130 | |
| Weighted Average Diluted Shares | 1,966↓3.1% | 2,029↓2.7% | 2,085↓2.4% | 2,136↓2.4% | 2,188 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.