Visa V · USD
Information Technology · IT Services · US listing · 🇺🇸 United States
S&P 500Dow Jones
422.65
+0.01%
Close of 6 Nov 2026, in USD
At a glance
Figures in USD, from our data supplier.
Revenue
$40.00bn
FY2016FY2025
Net income
$20.06bn
FY2016FY2025
Free cash flow
$21.58bn
FY2016FY2025
Shareholders' equity
$37.91bn
FY2016FY2025
Income statement
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $40.00bn | $35.93bn | $32.65bn | $29.31bn | $24.11bn | $21.85bn | $22.98bn | $20.61bn | $18.36bn | $15.08bn |
| Gross profit | $32.15bn | $28.88bn | $26.09bn | $23.58bn | $19.14bn | $17.33bn | $18.81bn | $16.75bn | $15.11bn | $12.32bn |
| Research and development | — | — | — | — | — | — | — | — | $285.0m | $259.0m |
| Operating income | $24.78bn | $24.24bn | $21.68bn | $18.81bn | $16.32bn | $14.08bn | $15.00bn | $12.95bn | $12.14bn | $8.44bn |
| Net income | $20.06bn | $19.74bn | $17.27bn | $14.96bn | $12.31bn | $10.87bn | $12.08bn | $10.30bn | $6.70bn | $5.99bn |
| Diluted earnings per share | 10.38 | 9.95 | 8.45 | 7.12 | 5.70 | 4.94 | 5.39 | 4.50 | 2.85 | 2.47 |
Balance sheet
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | $99.63bn | $94.51bn | $90.50bn | $85.50bn | $82.90bn | $80.92bn | $72.57bn | $69.22bn | $67.98bn | $64.03bn |
| Cash and short-term investments | $21.99bn | $15.18bn | $20.13bn | $18.52bn | $18.51bn | $20.04bn | $12.07bn | $11.71bn | $13.44bn | $8.94bn |
| Total liabilities | $61.72bn | $55.37bn | $51.77bn | $49.92bn | $45.31bn | $44.71bn | $37.89bn | $35.22bn | $35.22bn | $31.12bn |
| Debt | $25.17bn | $20.84bn | $20.46bn | $22.45bn | $20.98bn | $24.07bn | $16.73bn | $16.63bn | $18.37bn | $15.88bn |
| Shareholders' equity | $37.91bn | $39.14bn | $38.73bn | $35.58bn | $37.59bn | $36.21bn | $34.68bn | $34.01bn | $32.76bn | $32.91bn |
| Shares outstanding | 1,933m | 1,985m | 2,045m | 2,102m | 2,159m | 2,200m | 2,240m | 2,291m | 2,353m | 2,421m |
Cash flow
Fiscal years
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | $23.06bn | $19.95bn | $20.75bn | $18.85bn | $15.23bn | $10.44bn | $12.78bn | $12.71bn | $9.21bn | $5.57bn |
| Capital spending | −$1.48bn | −$1.26bn | −$1.06bn | −$970.0m | −$705.0m | −$736.0m | −$756.0m | −$718.0m | −$707.0m | −$523.0m |
| Free cash flow | $21.58bn | $18.69bn | $19.70bn | $17.88bn | $14.52bn | $9.70bn | $12.03bn | $11.99bn | $8.50bn | $5.05bn |
| Dividends paid | −$4.63bn | −$4.22bn | −$3.75bn | −$3.20bn | −$2.80bn | −$2.66bn | −$2.27bn | −$1.92bn | −$1.58bn | −$1.35bn |
Latest quarters
By quarter end
| Jun 2026 | Mar 2026 | Dec 2025 | Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.63bn | $11.23bn | $10.90bn | $10.72bn | $10.17bn | $9.59bn | $9.51bn | $9.62bn |
| Gross profit | $8.89bn | $9.13bn | $8.90bn | $8.74bn | $8.20bn | $7.71bn | $7.49bn | $7.80bn |
| Operating income | $6.88bn | $7.23bn | $6.74bn | $6.43bn | $6.37bn | $5.60bn | $6.23bn | $6.53bn |
| Net income | $5.63bn | $6.02bn | $5.85bn | $5.09bn | $5.27bn | $4.58bn | $5.12bn | $5.32bn |
| Diluted earnings per share | 2.91 | 3.11 | 3.03 | 2.63 | 2.73 | 2.37 | 2.58 | 2.68 |
| Cash from operations | $6.55bn | $3.01bn | $6.78bn | $6.24bn | $6.73bn | $4.70bn | $5.40bn | $6.66bn |
| Capital spending | −$417.0m | −$383.0m | −$378.0m | −$389.0m | −$421.0m | −$327.0m | −$345.0m | −$309.0m |
| Free cash flow | $6.14bn | $2.63bn | $6.40bn | $5.85bn | $6.31bn | $4.37bn | $5.05bn | $6.36bn |
| Total assets | $94.59bn | $95.05bn | $96.81bn | $99.63bn | $100.02bn | $92.85bn | $91.89bn | $94.51bn |
| Cash and short-term investments | $13.79bn | $13.91bn | $16.40bn | $19.00bn | $19.18bn | $13.75bn | $14.33bn | $15.18bn |
| Debt | $23.86bn | $23.98bn | $21.18bn | $25.17bn | $25.14bn | $20.76bn | $20.61bn | $20.99bn |
| Shareholders' equity | $35.18bn | $35.66bn | $38.78bn | $37.91bn | $38.66bn | $38.03bn | $38.30bn | $39.14bn |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 10.9% | 12.9% | 11.2% |
| Operating income | 9.6% | 12.0% | 10.6% |
| Net income | 10.3% | 13.0% | 12.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 80.4% | 80.3% | 80.0% | 80.6% |
| Operating margin | 64.6% | 64.9% | 65.2% | 64.6% |
| Net margin | 52.4% | 52.2% | 51.8% | 49.7% |
Valuation history
At each fiscal year end
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 33.8 | 31.8 | 30.8 | 29.2 | 38.0 | 44.3 | 34.8 | 29.3 | 40.0 | 31.5 |
| Price to sales | 17.0 | 17.5 | 16.3 | 14.9 | 19.4 | 22.0 | 18.3 | 14.7 | 14.6 | 12.5 |
Market value over time
30 Sept 2016 to 28 Aug 2026, in USD
$221.47bn$737.63bn
Share price return
Finished calendar years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Return | 12% | 19% | 27% | -2% | -0% | 11% | 46% | 15% | 43% | 4% |
Dividends and splits
Per share, in the currency the company pays
Paid for 18 years. Last went ex-dividend on 11 Aug 2026.
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 2.68 | 2.36 | 2.08 | 1.80 | 1.50 | 1.28 | 1.20 | 1.00 |
- 4-for-1 split · 19 Mar 2015
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
Nothing here is investment advice. Prices can be delayed or wrong, so check with the exchange before relying on them. Data for this page. How we cover markets.