| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.00B | $35.93B | $32.65B | $29.31B | $24.11B | $21.85B | $22.98B | $20.61B |
| Cost of Revenue | $7.86B | $7.04B | $6.57B | $5.73B | $4.97B | $4.51B | $4.17B | $3.86B |
| Gross Profit | $32.15B | $28.88B | $26.09B | $23.58B | $19.14B | $17.33B | $18.81B | $16.75B |
| Gross Margin | 80.36% | 80.40% | 79.89% | 80.44% | 79.38% | 79.35% | 81.87% | 81.29% |
| Operating Expenses | $8.15B | $5.29B | $5.09B | $4.76B | $3.33B | $3.25B | $3.81B | $3.80B |
| Operating Income | $23.99B | $23.59B | $21.00B | $18.81B | $15.80B | $14.08B | $15.00B | $12.95B |
| Operating Margin | 59.98% | 65.68% | 64.31% | 64.19% | 65.56% | 64.46% | 65.29% | 62.86% |
| Net Income | $20.06B | $19.74B | $17.27B | $14.96B | $12.31B | $10.87B | $12.08B | $10.30B |
| Net Margin | 50.14% | 54.95% | 52.90% | 51.03% | 51.07% | 49.74% | 52.57% | 49.98% |
| EPS (Basic) | $10.22 | $9.74 | $8.29 | $7.01 | $5.63 | $4.90 | $5.32 | $4.43 |
| EBITDA | $26.00B | $25.59B | $22.62B | $19.54B | $17.38B | $15.07B | $16.07B | $14.03B |
| Stock Option Compensation Expense | $897.00M | $850.00M | $765.00M | $602.00M | $542.00M | $416.00M | $407.00M | $327.00M |
| Price To Earnings Ratio | 33.05 | 28.26 | 27.76 | 25.37 | 38.54 | 39.39 | 31.17 | 32.78 |
| Price To Sales Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Shares Outstanding | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Market Capitalization | $662.96B | $557.87B | $479.57B | $379.46B | $474.52B | $428.00B | $376.58B | $337.66B |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Short Term Receivables | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Inventories | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Property, Plant & Equipment | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Investments and Advances | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Note Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Intangible Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Assets | $99.63B | $94.51B | $90.50B | $85.50B | $82.90B | $80.92B | $72.57B | $69.22B |
| Short Term Debt Incl. Current Port. of LT Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Tax Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Provision for Risks Charges | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Deferred Tax Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $61.72B | $55.37B | $51.77B | $49.92B | $45.31B | $44.71B | $37.89B | $35.22B |
| Non-Equity Reserves | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Preferred Stock - Carrying Value | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Common Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Shareholders Equity | $37.91B | $39.14B | $38.73B | $35.58B | $37.59B | $36.21B | $34.68B | $34.01B |
| Accumulated Minority Interest | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $37.91B | $39.14B | $38.73B | $35.58B | $37.59B | $36.21B | $34.68B | $34.01B |
| Total Liabilities & Stockholders Equity | $99.63B | $94.51B | $90.50B | $85.50B | $82.90B | $80.92B | $72.57B | $69.22B |
| Book Value Per Share | $19.52 | $19.29 | $18.58 | $16.66 | $17.64 | $16.92 | $15.84 | $15.19 |
| Tangible Book Value Per Share | $-4.95 | $-3.30 | $-2.57 | $-3.40 | $-2.83 | $-3.51 | $-3.54 | $-3.91 |
| Full-Time Employees | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Book Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | 20.13% | 20.89% | 19.09% | 17.49% | 14.85% | 13.43% | 16.65% | 14.88% |
| Return on Equity | 52.91% | 50.45% | 44.60% | 42.04% | 32.75% | 30.01% | 34.83% | 30.29% |
| Return on Invested Capital | 28.36% | 28.65% | 25.54% | 23.19% | 17.77% | 15.96% | 20.58% | 17.99% |
| Quick Ratio | 1.08 | 1.28 | 1.45 | 1.45 | 1.75 | 1.91 | 1.56 | 1.61 |
| Current Ratio | 1.08 | 1.28 | 1.45 | 1.45 | 1.75 | 1.91 | 1.56 | 1.61 |
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Net Income | $20.06B | $19.74B | $17.27B | $14.96B | $12.31B | $10.87B | $12.08B | $10.30B |
| Depreciation | $1.22B | $1.03B | $943.00M | $861.00M | $804.00M | $767.00M | $656.00M | $613.00M |
| Other Funds (Non Cash) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Funds from Operations | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Extraordinary Item | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Changes in Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Income Taxes Payable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Operating Activities | $23.06B | $19.95B | $20.75B | $18.85B | $15.23B | $10.44B | $12.78B | $12.71B |
| Capital Expenditures | $1.48B | $1.26B | $1.06B | $970.00M | $705.00M | $736.00M | $756.00M | $718.00M |
| Net Assets From Acquisitions | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale of Fixed Assets and Businesses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase or Sale of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Purchase of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Sale Or Maturity of Investments | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Sources | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Investing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash Dividends Paid | $4.63B | $4.22B | $3.75B | $3.20B | $2.80B | $2.66B | $2.27B | $1.92B |
| Change in Capital Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Repurchase of Common Pref Stock | $13.39B | $16.71B | $12.10B | $11.59B | $8.68B | $8.11B | $8.61B | $7.19B |
| Sale of Common Pref Stock | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Proceeds from Stock Options | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance or Reduction of Debt, Net | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Change in Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Issuance of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Reduction of Long Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Financing Active Other Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Other Financing Activities Uses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash from Financing Activities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Exchange Rate Effect | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Change in Cash | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | $21.58B | $18.69B | $19.70B | $17.88B | $14.52B | $9.70B | $12.03B | $11.99B |
| Preferred Dividends (Cash Flow) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price to Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Company coverage
Visa Inc. functions globally as a leading technology company dedicated to payments. Its primary role is to enable the secure and efficient digital transfer of funds among a wide array of participants, including individual consumers, retail businesses, banking institutions, corporations, strategic partners, and governmental bodies. At the heart of its operations is VisaNet, a highly sophisticated transaction processing network that handles the critical functions of authorizing, clearing, and settling all payment transactions. In addition to this core infrastructure, the company also provides a variety of card products, innovative digital platforms, and an extensive range of supplementary value-added services. These offerings are distributed under several widely recognized brands, including Visa, Visa Electron, Interlink, VPAY, and PLUS. Demonstrating its commitment to enhancing user experience, Visa Inc. has established a key strategic partnership with Ooredoo in Qatar, focused on improving payment solutions for Visa cardholders and Ooredoo customers within the country. The company was established in 1958 and its corporate headquarters are situated in San Francisco, California.
Why it moved over time
Visa beat Q3 earnings on cross-border volume strength and announced 2,600 AI-driven job cuts to boost efficiency, a twin catalyst for revenue resilience and potential margin improvement.
Key fact: Q3 earnings beat driven by cross-border volume growth; company announced 2,600 job cuts citing efficiency and AI-driven shifts.
defenseworld.net: Ashton Thomas Securities LLC Buys New Position in Visa Inc. $VVisa shares fell after JPMorgan CEO Jamie Dimon's warning that markets are underestimating macro risks, prompting a broader financial-sector pullback.
Key fact: JPMorgan CEO Jamie Dimon warned markets are underestimating macro risks following a record quarterly profit.
The Motley Fool: Jamie Dimon Said Markets Are Underestimating Risks Shifting "Like Tectonic Plates." He Made the Warning Right After JPMorgan Posted Its Best Quarter Ever.