Visa Inc.VEarnings & Financial Report
Visa Inc. is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
Revenue
$9.6B
Gross Profit
N/A
Operating Profit
$5.4B
Net Profit
$4.6B
Gross Margin
N/A
Operating Margin
56.6%
Net Margin
47.7%
YoY Growth
9.3%
Visa Inc. Q2 FY2025 Financial Summary
Visa Inc. reported revenue of $9.6B (up 9.3% YoY) for Q2 FY2025, with a net profit of $4.6B (down 1.8% YoY) (47.7% margin).
Key Financial Metrics
| Total Revenue | $9.6B |
|---|---|
| Net Profit | $4.6B |
| Gross Margin | N/A |
| Operating Margin | 56.6% |
| Report Period | Q2 FY2025 |
Revenue Breakdown
Visa Inc. Q2 FY2025 revenue of $9.6B breaks down across 4 segments, led by Services at $4.3B (45.1% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Services | $4.3B | 45.1% |
| Client Incentives | $4.0B | 41.4% |
| Service Other | $1.0B | 10.7% |
| Other | $264.0M | 2.8% |
Visa Inc. Revenue by Segment — Quarterly Trend
Visa Inc. revenue by segment across the last 4 reported quarters, showing how each business line (such as Services and Client Incentives) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| Services | — | — | $4.6B | $4.3B |
| Client Incentives | — | — | $4.2B | $4.0B |
| Service Other | $1.2B | $1.2B | $1.2B | $1.0B |
| Other | $491.0M | $314.0M | — | $264.0M |
Visa Inc. Annual Revenue by Year
Visa Inc. annual revenue history includes year-by-year totals (for example, 2025 revenue was $40.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $40.0B |
| 2024 | $35.9B |
Visa Inc. Quarterly Revenue & Net Profit History
Visa Inc. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $10.9B | +14.6% | $5.9B | 53.7% |
| Q4 FY2025 | $10.7B | +11.5% | $5.1B | 47.5% |
| Q3 FY2025 | $10.2B | +14.3% | $5.3B | 51.8% |
| Q2 FY2025 | $9.6B | +9.3% | $4.6B | 47.7% |
| Q1 FY2025 | $9.5B | +10.1% | $5.1B | 53.8% |
| Q4 FY2024 | $9.6B | +11.7% | $5.3B | 55.3% |
| Q3 FY2024 | $8.9B | +9.6% | $4.9B | 54.7% |
| Q2 FY2024 | $8.8B | +9.9% | $4.7B | 53.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.78B | $8.90B | $9.62B | $9.51B | $9.59B | $10.17B | $10.72B | $10.90B |
| YoY Growth | 9.9% | 9.6% | 11.7% | 10.1% | 9.3% | 14.3% | 11.5% | 14.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $92.40B | $91.04B | $94.51B | $91.89B | $92.85B | $100.02B | $99.63B | $96.81B |
| Liabilities | $51.91B | $51.31B | $55.37B | $53.59B | $54.82B | $61.36B | $61.72B | $58.04B |
| Equity | $40.48B | $39.73B | $39.14B | $38.30B | $38.03B | $38.66B | $37.91B | $38.78B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $4.54B | $5.13B | $6.66B | $5.40B | $4.70B | $6.73B | $6.24B | $6.78B |