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VISA
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Arincen80/100B

VISA income statement 2003–2026

45.90B USD over the last twelve months, and 45.90B USD in fiscal year 2026.

Revenue Operating income Net income

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Fiscal year
TTM
30 Sept 2026
FY2026
30 Sept 2026
FY2025
30 Sept 2025
FY2024
30 Sept 2024
FY2023
30 Sept 2023
FY2022
30 Sept 2022
FY2021
30 Sept 2021
FY2020
30 Sept 2020
FY2019
30 Sept 2019
FY2018
30 Sept 2018
FY2017
30 Sept 2017
45.90B45.90B40.00B35.93B32.65B29.31B24.11B21.85B22.98B20.61B18.36B
Revenue growth
+14.76%+14.76%+11.34%+10.02%+11.41%+21.59%+10.34%-4.92%+11.49%+12.26%+21.72%
Cost of revenue
9.00B9.00B7.86B7.04B6.57B5.73B4.97B4.51B4.17B3.86B3.25B
Gross profit
36.90B36.90B32.15B28.88B26.09B23.58B19.14B17.33B18.81B16.75B15.11B
Gross margin
80.39%80.39%80.36%80.40%79.89%80.44%79.38%79.35%81.87%81.29%82.31%
Selling, general and administrative
8.79B8.79B4.37B3.79B3.22B3.04B2.52B2.48B2.76B2.58B2.39B
Operating expenses
8.79B8.79B8.15B5.29B5.09B4.76B3.33B3.25B3.81B3.80B2.97B
28.11B28.11B23.99B23.60B21.00B18.81B15.80B14.08B15.00B12.95B12.14B
Operating income growth
+17.15%+17.15%+1.69%+12.36%+11.62%+19.04%+12.24%-6.13%+15.80%+6.67%+54.05%
Operating margin
61.24%61.24%59.99%65.68%64.31%64.19%65.56%64.46%65.29%62.86%66.15%
Interest income
———————————
Interest expense
758.00M758.00M589.00M641.00M644.00M538.00M513.00M516.00M533.00M612.00M563.00M
Other non-operating income
-17.00M-17.00M200.00M321.00M37.00M-677.00M259.00M-291.00M-117.00M-148.00M-450.00M
Pretax income
28.09B28.09B24.19B23.92B21.04B18.14B16.06B13.79B14.88B12.81B11.69B
Income tax
4.59B4.59B4.14B4.17B3.76B3.18B3.75B2.92B2.80B2.51B5.00B
Effective tax rate
16.34%16.34%17.10%17.45%17.89%17.53%23.36%21.20%18.84%19.56%42.71%
23.50B23.50B20.06B19.74B17.27B14.96B12.31B10.87B12.08B10.30B6.70B
Net income growth
+17.18%+17.18%+1.60%+14.30%+15.48%+21.49%+13.30%-10.05%+17.27%+53.77%+11.82%
Net margin
51.20%51.20%50.15%54.95%52.90%51.03%51.07%49.74%52.57%49.98%36.49%
Basic shares
1.69B1.69B1.94B2.00B2.09B2.14B2.13B2.14B2.19B2.24B2.31B
1.91B1.91B1.97B2.03B2.09B2.14B2.19B2.22B2.27B2.33B2.40B
Change in diluted shares
-3.00%-3.00%-3.11%-2.69%-2.39%-2.38%-1.57%-2.16%-2.45%-2.76%-0.79%
EPS (basic)
12.4412.4410.229.748.297.015.634.905.324.432.80
12.3212.3210.209.738.287.005.634.895.324.422.80
EPS growth
+20.78%+20.78%+4.83%+17.51%+18.29%+24.33%+15.13%-8.08%+20.36%+57.86%+12.90%
Dividends per share
2.682.682.362.081.801.501.281.201.000.830.66
Dividend growth
+13.56%+13.56%+13.46%+15.56%+20.00%+17.19%+6.67%+20.00%+21.21%+25.00%+17.86%
EBITDA
30.25B30.25B26.00B25.59B22.62B19.54B17.38B15.07B16.07B14.03B12.72B
EBITDA margin
65.91%65.91%65.01%71.23%69.29%66.65%72.10%69.00%69.95%68.08%69.28%
EBIT
28.85B28.85B24.78B24.56B21.68B18.67B16.58B14.31B15.42B13.42B12.16B

Figures in USD. Shares and EPS are adjusted for stock splits. Quarterly growth is on the same quarter a year before; TTM is the last four quarters.

Common questions about VISA's income statement

Source: Financial Modeling Prep

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