Visa Inc.

VNYSE

$411.43

Last price · USD

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Visa Inc. income statement

Annual · USD millions except per-share data · 26 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Revenue & gross profit
Revenue	40,000	35,926	32,653	29,310	24,105	+13.5%
Cost of revenue	7,855	7,042	6,567	5,733	4,970	+12.1%
Gross profit	32,145	28,884	26,086	23,577	19,135	+13.8%
Operating expenses & income
General & administrative	2,685	2,233	1,875	1,699	1,388	+17.9%
Selling & marketing	1,684	1,560	1,341	1,336	1,136	+10.3%
SG&A (combined)	4,369	3,793	3,216	3,035	2,524	+14.7%
Total operating expenses	8,151	5,289	5,086	4,764	3,331	+25.1%
Cost and expenses	16,006	12,331	11,653	10,497	8,301	+17.8%
Operating income	23,994	23,595	21,000	18,813	15,804	+11.0%
Non-operating & other
Interest expense	589	641	644	538	513	+3.5%
Net interest income	(589)	(641)	(644)	(538)	(513)	—
Non-operating income (excl. interest)	(789)	(962)	(681)	139	(772)	—
Other expenses	3,782	1,496	1,870	1,729	807	+47.1%
Total other income (expenses), net	200	321	37	(677)	259	-6.3%
Profitability
Depreciation & amortization	1,220	1,034	943	861	804	+11.0%
Income before tax	24,194	23,916	21,037	18,136	16,063	+10.8%
Income tax expense	4,136	4,173	3,764	3,179	3,752	+2.5%
Net income from continuing operations	20,058	19,743	17,273	14,957	12,311	+13.0%
Net income	20,058	19,743	17,273	14,957	12,311	+13.0%
Bottom line net income	19,853	19,743	17,273	14,957	12,311	+12.7%
Additional fields
Ebit	24,783	24,557	21,681	18,674	16,576	+10.6%
Ebitda	26,003	25,591	22,624	19,535	17,380	+10.6%
Eps	$10.22	$9.74	$8.29	$7.01	$5.63	+16.1%
Eps Diluted	$10.20	$9.73	$8.28	$7.00	$5.63	+16.0%
Weighted Average Shs Out	1,942	1,997	2,085	2,136	2,130	-2.3%
Weighted Average Shs Out Dil	1,966	2,029	2,085	2,136	2,188	-2.6%