VISA INC.
VISA INC.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Class A | -21 | 1,681 | 1,688 | 1,638 | -9 | 70 | 1,733 | -1,374 | -7 | 1,582 | 1,594 | -11 | |||||
Common Class B | - | - | - | - | - | - | - | - | - | 246 | 246 | 0 | |||||
Common Class B1 | - | - | - | - | - | - | - | - | 246 | - | - | - | |||||
Common Class B1 And B2 | 0 | 125 | 125 | 0 | 0 | 125 | 125 | 125 | - | - | 245 | - | |||||
Common Class C | -0 | 9 | 9 | -0 | -0 | 9 | 10 | 17 | -0 | 9 | 10 | -0 | |||||
Assets | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 12,404 | 14,756 | 17,164 | 17,092 | 11,734 | 12,367 | 11,975 | 12,947 | 12,993 | 13,591 | 16,286 | 15,590 | |||||
Investments | 1,509 | 1,641 | 1,833 | 2,088 | 2,017 | 1,967 | 3,200 | 3,697 | 4,710 | 5,005 | 3,842 | 3,166 | |||||
Accounts Receivable Net Current | 3,405 | 3,231 | 3,126 | 2,920 | 2,719 | 2,590 | 2,561 | 2,521 | 2,272 | 2,506 | 2,291 | 2,282 | |||||
Prepaid Expense And Other Assets Current | 4,741 | 2,865 | 2,679 | 3,012 | 3,576 | 3,393 | 3,312 | 2,857 | 2,551 | 2,753 | 2,584 | 2,119 | |||||
Assets Current | 31,625 | 34,997 | 37,766 | 38,398 | 32,934 | 32,622 | 34,033 | 31,039 | 32,775 | 32,732 | 33,532 | 31,670 | |||||
Long Term Investments | 308 | 484 | 999 | 1,203 | 1,470 | 1,757 | 2,545 | 3,037 | 3,092 | 2,809 | 1,921 | 2,122 | |||||
Property Plant And Equipment Net | 4,778 | 4,276 | 4,236 | 4,143 | 4,023 | 3,974 | 3,824 | 3,766 | 3,630 | 3,472 | 3,425 | 3,370 | |||||
Goodwill | 20,891 | 19,885 | 19,879 | 19,880 | 19,641 | 19,548 | 18,941 | 18,816 | 18,837 | 18,120 | 17,997 | 18,082 | |||||
Intangible Assets Net Excluding Goodwill | 27,750 | 27,664 | 27,646 | 27,660 | 26,408 | 25,889 | 26,889 | 26,243 | 26,375 | 26,739 | 26,104 | 26,576 | |||||
Other Assets Noncurrent | 4,183 | 3,967 | 3,944 | 3,735 | 3,617 | 3,467 | 3,651 | 4,006 | 3,692 | 3,596 | 3,731 | 3,603 | |||||
Assets | 95,049 | 96,814 | 99,627 | 100,024 | 92,853 | 91,888 | 94,511 | 91,040 | 92,399 | 91,409 | 90,499 | 89,234 | |||||
Liabilities | |||||||||||||||||
Accounts Payable Current | 557 | 433 | 555 | 462 | 421 | 405 | 479 | 331 | 338 | 348 | 375 | 281 | |||||
Employee Related Liabilities Current | 1,392 | 1,158 | 1,863 | 1,474 | 1,225 | 1,226 | 1,538 | 1,251 | 1,065 | 816 | 1,506 | 1,215 | |||||
Accrued Liabilities Current | 5,670 | 5,576 | 5,466 | 4,907 | 4,507 | 4,690 | 4,909 | 4,732 | 4,386 | 5,077 | 5,015 | 4,075 | |||||
Long Term Debt Current | 1,559 | 1,589 | 5,569 | 5,548 | 3,948 | 3,929 | 0 | - | - | - | 0 | 0 | |||||
Litigation Reserve Current | 981 | 3,406 | 3,033 | 2,352 | 2,076 | 1,649 | 1,727 | 1,688 | 1,853 | 1,471 | 1,751 | 1,545 | |||||
Liabilities Current | 29,076 | 31,491 | 35,048 | 34,427 | 30,381 | 29,091 | 26,517 | 22,612 | 23,443 | 22,634 | 23,098 | 21,230 | |||||
Long Term Debt Noncurrent | 22,417 | 19,588 | 19,602 | 19,590 | 16,814 | 16,680 | 20,836 | 20,602 | 20,603 | 20,703 | 20,463 | 20,560 | |||||
Deferred Income Tax Liabilities Net | 5,893 | 5,241 | 5,549 | 5,755 | 5,160 | 5,192 | 5,301 | 5,119 | 5,145 | 5,275 | 5,114 | 5,380 | |||||
Other Liabilities Noncurrent | 2,002 | 1,717 | 1,519 | 1,588 | 2,468 | 2,629 | 2,720 | 2,978 | 2,723 | 3,064 | 3,091 | 3,083 | |||||
Liabilities | 59,388 | 58,037 | 61,718 | 61,360 | 54,823 | 53,592 | 55,374 | 51,311 | 51,914 | 51,676 | 51,766 | 50,253 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Preferred Stock Value Outstanding | 528 | 551 | 745 | 871 | 880 | 904 | 1,031 | 1,425 | 1,602 | 1,615 | 1,698 | 1,786 | |||||
Common Stocks Including Additional Paid In Capital | - | - | - | - | - | - | - | - | - | 20,490 | 20,452 | 20,290 | |||||
Additional Paid In Capital | 22,033 | 21,980 | 21,934 | 21,746 | 21,579 | 21,324 | 21,229 | 20,832 | 20,709 | - | 20,452 | - | |||||
Retained Earnings Accumulated Deficit | 13,122 | 16,018 | 15,106 | 15,956 | 16,518 | 17,438 | 17,289 | 18,578 | 19,347 | 18,422 | 18,040 | 17,908 | |||||
Accumulated Other Compreh… | |||||||||||||||||
Accumulated Other Comprehensive Income Loss Availa… | 5 | 10 | 12 | 12 | 14 | 12 | 30 | -19 | -25 | -18 | -64 | -80 | |||||
Accumulated Other Comprehensive Income Loss Define… | -24 | -30 | -32 | -14 | -8 | -15 | -16 | -145 | -145 | -153 | -155 | -158 | |||||
Aoci Loss Cash Flow Hedge Cumulative Gain Loss Aft… | -162 | -245 | -307 | -356 | -206 | -105 | -213 | -120 | -162 | -208 | -177 | -259 | |||||
Accumulated Other Comprehensive Income Loss Foreig… | 203 | 512 | 575 | 567 | -627 | -1,139 | -109 | -776 | -666 | -276 | -921 | -481 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | 22 | 247 | 248 | 209 | -827 | -1,247 | -308 | -1,060 | -998 | -655 | -1,317 | -978 | |||||
Stockholders Equity | 35,661 | 38,777 | 37,909 | 38,664 | 38,030 | 38,296 | 39,137 | 39,729 | 40,485 | 39,733 | 38,733 | 38,981 | |||||
Series C Preferred Stock | - | - | - | - | - | - | - | - | - | 3 | 3 | 0 | |||||
Liabilities And Stockholders Equity | 95,049 | 96,814 | 99,627 | 100,024 | 92,853 | 91,888 | 94,511 | 91,040 | 92,399 | 91,409 | 90,499 | 89,234 | |||||
Preferred Stock | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Series A Preferred Stock | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | |||||
Series B Preferred Stock | - | - | - | - | - | - | - | - | - | 2 | 2 | 0 | |||||
Common Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | - | 0 | - | |||||
Preferred Stock Shares Issued | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | - | 5 | - | |||||
Preferred Stock Shares Outstanding | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | - | 5 | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -0.07% | -6.09% | -1.29% | -1.58% | -2.07% | - | - | - | - | - | - | - |
| 2025 | 2.14% | -1.63% | -3.40% | 2.50% | -1.84% | 1.20% | -0.07% | -2.48% | -2.40% | -0.55% | 5.56% | -3.01% |
| 2024 | 4.16% | 5.83% | 3.19% | 2.04% | -1.40% | -3.20% | 5.41% | 13.28% | 9.53% | 0.49% | 1.75% | 10.44% |
| 2023 | - | - | - | - | - | - | 0.64% | 1.87% | 0.43% | 3.08% | 4.67% | 11.72% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.09 | 1.11 | 1.08 | 1.12 | 1.08 | 1.12 | 1.28 | 1.37 | 1.40 | 1.45 | 1.45 | 1.49 | |||||
| Quick Ratio | 0.92 | 1.02 | 1.00 | 1.03 | 0.97 | 1.00 | 1.16 | 1.25 | 1.29 | 1.32 | 1.34 | 1.39 | |||||
| Working Capital | 2.55B | 3.51B | 2.72B | 3.97B | 2.55B | 3.53B | 7.52B | 8.43B | 9.33B | 10.10B | 10.43B | 10.44B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.67 | 1.50 | 1.63 | 1.59 | 1.44 | 1.40 | 1.41 | 1.29 | 1.28 | 1.30 | 1.34 | 1.29 | |||||
| Interest Coverage TTM | 42.34 | 40.76 | 40.74 | 43.59 | 33.65 | 37.54 | 36.81 | 24.59 | 23.97 | 22.47 | 22.75 | 33.12 | |||||
| Debt Ratio | 0.62 | 0.60 | 0.62 | 0.61 | 0.59 | 0.58 | 0.59 | 0.56 | 0.56 | 0.57 | 0.57 | 0.56 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.46 | 0.44 | 0.41 | 0.41 | 0.41 | 0.40 | 0.39 | 0.39 | 0.38 | 0.38 | 0.37 | 0.36 | |||||
| Days Sales Outstanding TTM | 25.98 | 25.67 | 25.95 | 25.53 | 24.21 | 25.27 | 24.65 | 25.10 | 23.49 | 25.28 | 24.09 | 24.67 | |||||
| Receivables Turnover TTM | 14.05 | 14.22 | 14.07 | 14.30 | 15.08 | 14.44 | 14.81 | 14.54 | 15.54 | 14.44 | 15.15 | 14.79 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 11.61 | 10.76 | 10.20 | 10.36 | 10.07 | 10.06 | 9.73 | 9.42 | 9.02 | 8.79 | 8.28 | 7.95 | |||||
| Free Cash Flow Per Share TTM | 12.66 | 13.59 | 12.59 | 12.92 | 11.92 | 11.80 | 11.53 | 11.78 | 12.49 | 12.07 | 12.17 | 11.56 | |||||
| Dividend Per Share TTM | 2.91 | 2.82 | 2.70 | 2.65 | 2.57 | 2.50 | 2.60 | 2.55 | 2.52 | 2.44 | 2.32 | 2.24 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 83.51% | 83.30% | 82.60% | 82.44% | 82.32% | 82.07% | 82.56% | 82.38% | 82.25% | 82.09% | 82.14% | 82.13% | |||||
| Operating Profit Margin TTM | 61.12% | 59.18% | 59.99% | 62.21% | 63.68% | 64.87% | 65.68% | 65.28% | 64.09% | 65.56% | 64.31% | 64.52% | |||||
| Net Profit Margin TTM | 51.68% | 50.23% | 50.14% | 52.16% | 52.86% | 54.27% | 54.95% | 54.72% | 53.86% | 53.92% | 52.90% | 51.94% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 14.37% | 12.47% | 11.34% | 11.38% | 10.19% | 10.35% | 10.02% | 9.70% | 10.19% | 10.48% | 11.41% | 13.35% | |||||
| Net Income Growth (1Y) | 11.82% | 4.11% | 1.60% | 6.18% | 8.13% | 11.05% | 14.30% | 15.57% | 16.49% | 18.50% | 15.48% | 13.23% | |||||
| EPS Growth (1Y) | 14.96% | 6.70% | -3.92% | 0.03% | -0.79% | 1.74% | 14.09% | 15.86% | 19.81% | 21.86% | 17.84% | 15.19% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 22.71 | 28.34 | 28.99 | 29.68 | 30.04 | 27.06 | 22.28 | 21.79 | 23.56 | 22.50 | 21.10 | 22.66 | |||||
| P/B TTM | 14.16 | 15.19 | 15.34 | 15.57 | 15.71 | 14.11 | 11.24 | 10.48 | 10.70 | 10.19 | 9.41 | 9.61 | |||||
| P/S TTM | 11.73 | 14.24 | 14.54 | 15.48 | 15.88 | 14.68 | 12.24 | 11.92 | 12.69 | 12.13 | 11.16 | 11.77 | |||||
| Market Cap | 504.90B | 589.21B | 581.56B | 602.03B | 597.42B | 540.34B | 439.89B | 416.24B | 433.26B | 404.70B | 364.44B | 374.64B | |||||
| Enterprise Value | 510.17B | 587.21B | 581.75B | 602.72B | 599.05B | 540.99B | 440.96B | 417.57B | 434.91B | 405.77B | 362.91B | 374.16B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 21.19B | 22.93B | 21.58B | 22.08B | 20.51B | 20.40B | 18.69B | 18.96B | 19.73B | 19.12B | 19.70B | 18.66B | |||||
| Net Debt | 5.27B | -2.00B | 184.00M | 697.00M | 1.63B | 643.00M | 1.07B | 1.33B | 1.66B | 1.07B | -1.53B | -479.00M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
VISA INC. (V) — SEC Financial Statements & Analysis
VISA INC. (V) is a services-business services, nec company, incorporated in DE. VISA INC. trades on V: NYSE as: V. Based on its latest SEC filing (Form 10-Q, period ending 2026-03-31), VISA INC. reported a 14.37% year-over-year revenue growth, a Gross Profit Margin of 83.51% (TTM), a Debt-to-Equity ratio of 1.67x, a Price-to-Sales (P/S) ratio of 11.73x (TTM), a Price-to-Book (P/B) ratio of 14.16 (TTM), at a market cap of $504.90B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 14.37%
- Gross Profit Margin TTM
- 83.51%
- Debt To Equity
- 1.67x
- P/S TTM
- 11.73x
- P/B TTM
- 14.16
- Market Cap
- $504.90B
Data as of 2026-03-31 · Source: SEC EDGAR
Frequently Asked Questions
What industry is VISA INC. in?
VISA INC. (V) operates in the Services-Business Services, NEC industry.
What is V's market cap?
VISA INC. (V) has a market capitalization of $504.90B as of 2026-03-31.
What is V's P/E ratio?
VISA INC. (V)'s trailing twelve month P/E ratio is 22.71x as of 2026-03-31.
What exchange does V trade on?
VISA INC. (V) trades on the V: NYSE.
Where is VISA INC. incorporated?
VISA INC. is incorporated in DE.