VISA INC. V

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived NYSE

Visa is one of the world's leaders in digital payments. Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid. Since Visa's early days in 1958, we have been in the business of facilitating secure, reliable and efficient global commerce and money movement. We provide transaction processing services (primarily authorization, clearing and settlement) among consumers, issuing and acquiring financial institutions and sellers in a structure we call the "four-party" model. Please see Our Core Business discussion below. As the payments ecosystem continues to evolve, we have broadened this model to include digital banks, digital wallets, a range of financial technology companies (fintechs), governments and non-governmental organizations (NGOs). We are focused on extending, enhancing and investing in our proprietary advanced transaction processing network, VisaNet, to offer a single connection point for facilitating money movement to multiple endpoints through various form factors and innovative technologies across more than 200 countries and territories. Visa is committed to advancing innovation within the payment technology sector. Building upon our track record of industry leadership, including early adoption and integration of artificial intelligence (AI) models in payment systems, Visa continues to invest in the development and deployment of next-generation technologies, such as generative AI (GenAI), stablecoins and agentic commerce. During fiscal 2025, 329 billion payments and cash transactions with Visa's brand were processed by Visa or other networks, equating to an average of 901 million transactions per day. Of the 329 billion total transactions, 258 billion were processed by Visa.

Last close 407.92 2026-10-23
Market cap —
52-week range 293.89 - 414.60

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • International
  • U.S.
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 International, FY2025: 24.4B (60.9%) 61% International U.S., FY2025: 15.6B (39.1%) 39% U.S. FY2024 International, FY2024: 21.1B (58.9%) 59% U.S., FY2024: 14.8B (41.1%) 41% FY2023 International, FY2023: 18.5B (56.7%) 57% U.S., FY2023: 14.1B (43.3%) 43%
Region FY2025FY2024FY2023
International $24.37B $21.15B $18.52B
U.S. $15.63B $14.78B $14.14B

As the company reported it, from the “Revenue - Schedule of Disaggregation of Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $40.00B$35.93B$32.65B$29.31B$24.11B$21.85B$22.98B$20.61B$18.36B$15.08B
SG&A $1.93B$1.60B$1.33B$1.19B$985.0M$1.10B$1.20B$1.15B$1.06B$796.0M
Total operating expenses $16.01B$12.33B$11.65B$10.50B$8.30B$7.76B$7.98B$7.66B$6.21B$7.20B
Operating income $23.99B$23.59B$21.00B$18.81B$15.80B$14.08B$15.00B$12.95B$12.14B$7.88B
Interest expense $589.0M$641.0M$644.0M$538.0M$513.0M$516.0M$533.0M$612.0M$563.0M$427.0M
Pre-tax income $24.19B$23.92B$21.04B$18.14B$16.06B$13.79B$14.88B$12.81B$11.69B$8.01B
Income tax $4.14B$4.17B$3.76B$3.18B$3.75B$2.92B$2.80B$2.50B$5.00B$2.02B
Net income $20.06B$19.74B$17.27B$14.96B$12.31B$10.87B$12.08B$10.30B$6.70B$5.99B

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $17.16B$11.97B$21.99B$20.38B$19.80B$19.17B$10.83B$10.98B$12.01B$7.65B
Short-term investments —————$3.60B$4.11B$3.43B——
Receivables $3.13B$2.56B$2.29B$2.02B$1.97B$1.62B$1.54B$1.21B$1.13B$1.04B
Total current assets $37.77B$34.03B$33.53B$30.20B$27.61B$27.64B$20.97B$18.22B$19.02B$14.31B
Property, plant and equipment $4.24B$3.82B$3.42B$3.22B$2.71B$2.74B$2.69B$2.47B$2.25B$2.15B
Goodwill $19.88B$18.94B$18.00B$17.79B$15.96B$15.91B$15.66B$15.19B$15.11B$181.0M
Other intangibles $27.65B$26.89B$26.10B$25.07B$27.66B$27.81B$26.78B$27.56B$27.85B$27.23B
Total assets $99.63B$94.51B$90.50B$85.50B$82.90B$80.92B$72.57B$69.22B$67.98B$64.03B
Accounts payable $555.0M$479.0M$375.0M$340.0M$266.0M$174.0M$156.0M$183.0M$179.0M$203.0M
Short-term debt $5.57B$0$0$2.25B$999.0M$3.00B$0$0$1.75B$0
Total current liabilities $35.05B$26.52B$23.10B$20.85B$15.74B$14.51B$13.41B$11.30B$9.99B$8.05B
Long-term debt $19.60B$20.84B$20.46B$20.20B$19.98B$21.07B$16.73B$16.63B$16.62B$15.88B
Total liabilities $61.72B$55.37B$51.77B$49.92B$45.31B$44.71B$37.89B$35.22B$35.22B$31.12B
Retained earnings $15.11B$17.29B$18.04B$16.12B$15.35B$14.09B$13.50B$11.32B$9.51B$10.46B
Total equity $37.91B$39.14B$38.73B$35.58B$37.59B$36.21B$34.68B$34.01B$32.76B$32.91B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $23.06B$19.95B$20.75B$18.85B$15.23B$10.44B$12.78B$12.94B$9.32B$5.57B
Stock-based compensation $897.0M$850.0M$765.0M$602.0M$542.0M$416.0M$407.0M$327.0M$235.0M$221.0M
Capital expenditure $1.48B$1.26B$1.06B$970.0M$705.0M$736.0M$756.0M$718.0M$707.0M$523.0M
Investing cash flow $708.0M-$1.93B-$2.01B-$4.29B-$152.0M$1.43B-$591.0M-$3.08B$735.0M-$10.92B
Financing cash flow -$18.96B-$20.63B-$17.77B-$12.70B-$14.41B-$3.97B-$12.06B-$10.79B-$5.92B$7.48B
Dividends paid $4.63B$4.22B$3.75B$3.20B$2.80B$2.66B$2.27B$1.92B$1.58B$1.35B
Buybacks $18.32B$16.71B$12.10B$11.59B$8.68B$8.11B$8.61B$7.19B$6.89B—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001403161-25-000089.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 10B 20B 30B 40B Revenue, FY2016: 15.1B Net income, FY2016: 6B Revenue, FY2017: 18.4B Net income, FY2017: 6.7B Revenue, FY2018: 20.6B Net income, FY2018: 10.3B Revenue, FY2019: 23B Net income, FY2019: 12.1B Revenue, FY2020: 21.8B Net income, FY2020: 10.9B Revenue, FY2021: 24.1B Net income, FY2021: 12.3B Revenue, FY2022: 29.3B Net income, FY2022: 15B Revenue, FY2023: 32.7B Net income, FY2023: 17.3B Revenue, FY2024: 35.9B Net income, FY2024: 19.7B Revenue, FY2025: 40B Net income, FY2025: 20.1B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $15.08B $18.36B $20.61B $22.98B $21.85B $24.11B $29.31B $32.65B $35.93B $40.00B
Gross profit — — — — — — — — — —
Net income $5.99B $6.70B $10.30B $12.08B $10.87B $12.31B $14.96B $17.27B $19.74B $20.06B

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Other event Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Other event Item 8.01
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Other event Item 8.01
  • Regulation FD disclosure Item 7.01
  • Other event Item 8.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 7389

TickerCompanyMarket capP/ERevenue growth
MA Mastercard Inc $550.02B 37.7x 16.4%
ACN Accenture plc $152.67B 20.5x 7.4%
UBER Uber Technologies, Inc $136.24B 14.1x 18.3%
MELI MERCADOLIBRE INC $91.77B 45.9x 34.3%
DASH DoorDash, Inc. $77.93B 84.2x 27.9%
EBAY EBAY INC $54.03B 28.0x 7.9%
PYPL PayPal Holdings, Inc. $50.30B 10.5x 4.3%
MSCI MSCI Inc. $44.76B 39.2x 9.7%