MarketKingdoms › Financial statements › VVISA INC. (V) financial statements: income statement, balance sheet and cash flow
VISA INC.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Sep 30, 2025 · FY), VISA INC. reported revenue of $40.0B (+11.3% year on year) and net income of $20.1B (+1.6% year on year).
Income statement VISA INC. income statement, fiscal years
Line item Sep 30, 2025 · FY Sep 30, 2024 · FY Sep 30, 2023 · FY Sep 30, 2022 · FY
Net revenue $40.0B $35.9B $32.7B $29.3B Personnel $7.0B $6.3B $5.8B $5.0B Marketing $1.7B $1.6B $1.3B $1.3B Network and processing $894.0M $778.0M $736.0M $743.0M Professional fees $759.0M $635.0M $545.0M $505.0M Depreciation and amortization $1.2B $1.0B $943.0M $861.0M General and administrative $1.9B $1.6B $1.3B $1.2B Litigation provision $2.6B $462.0M $927.0M $868.0M Total operating expenses $16.0B $12.3B $11.7B $10.5B Operating income $24.0B $23.6B $21.0B $18.8B Interest expense ($589.0M) ($641.0M) ($644.0M) ($538.0M) Investment income (expense) and other $789.0M $962.0M $681.0M ($139.0M) Total non-operating income (expense) $200.0M $321.0M $37.0M ($677.0M) Income before income taxes $24.2B $23.9B $21.0B $18.1B Income tax provision $4.1B $4.2B $3.8B $3.2B Net income $20.1B $19.7B $17.3B $15.0B Basic earnings per share (in dollars per share) $82.78 $79.62 $54.72 $46.37 Basic weighted-average shares outstanding (in shares) 1.8B 1.8B 1.9B 1.9B Diluted earnings per share (in dollars per share) $82.67 $79.53 $54.65 $46.31 Diluted weighted-average shares outstanding (in shares) 2.1B 2.2B 2.3B 2.4B
VISA INC. income statement, quarters
Line item Jun 30, 2026 · Q3 Mar 31, 2026 · Q2 Dec 31, 2025 · Q1 Jun 30, 2025 · Q3
Net revenue $11.6B $11.2B $10.9B $10.2B Personnel $2.5B $1.8B $1.8B $1.7B Marketing $649.0M $545.0M $410.0M $421.0M Network and processing $280.0M $260.0M $233.0M $224.0M Professional fees $246.0M $238.0M $208.0M $187.0M Depreciation and amortization $367.0M $333.0M $326.0M $317.0M General and administrative $503.0M $450.0M $515.0M $482.0M Litigation provision $253.0M $329.0M $708.0M $615.0M Total operating expenses $4.8B $4.0B $4.2B $4.0B Operating income $6.9B $7.2B $6.7B $6.2B Interest expense ($194.0M) ($178.0M) ($194.0M) ($39.0M) Investment income (expense) and other $150.0M $118.0M $183.0M $195.0M Total non-operating income (expense) ($44.0M) ($60.0M) ($11.0M) $156.0M Income before income taxes $6.8B $7.2B $6.7B $6.3B Income tax provision $1.2B $1.2B $873.0M $1.1B Net income $5.6B $6.0B $5.9B $5.3B Basic Earnings Per Share (in dollars per share) $28.37 $25.35 $24.48 $21.81 Basic Weighted-average Shares Outstanding (in shares) 1.8B 1.8B 1.8B 1.8B Diluted Earnings Per Share (in dollars per share) $28.36 $25.32 $24.46 $21.79 Diluted Weighted-average Shares Outstanding (in shares) 2.0B 2.0B 2.1B 2.1B
Balance sheet VISA INC. balance sheet, fiscal years
Line item Sep 30, 2025 · FY Sep 30, 2024 · FY Sep 30, 2023 · FY Sep 30, 2022 · FY
Cash and cash equivalents $17.2B $12.0B $16.3B $15.7B Restricted cash equivalents—U.S. litigation escrow $3.0B $3.1B $1.8B $1.4B Investment securities $1.8B $3.2B $3.8B $2.8B Settlement receivable $4.2B $4.5B $2.2B $1.9B Accounts receivable $3.1B $2.6B $2.3B $2.0B Current portion of client incentives $2.2B $1.9B $1.6B $1.3B Prepaid expenses and other current assets $2.7B $3.3B $2.6B $2.7B Total current assets $37.8B $34.0B $33.5B $30.2B Investment securities $999.0M $2.5B $1.9B $2.1B Client incentives $5.2B $4.6B $3.8B $3.3B Property, equipment and technology, net $4.2B $3.8B $3.4B $3.2B Goodwill $19.9B $18.9B $18.0B $17.8B Intangible assets, net $27.6B $26.9B $26.1B $25.1B Other assets $3.9B $3.7B $3.7B $3.7B Total assets $99.6B $94.5B $90.5B $85.5B Accounts payable $555.0M $479.0M $375.0M $340.0M Settlement payable $4.6B $5.3B $3.3B $3.3B Customer collateral $3.6B $3.5B $3.0B $2.3B Accrued compensation and benefits $1.9B $1.5B $1.5B $1.4B Client incentives $10.4B $9.1B $8.2B $6.1B Accrued liabilities $5.5B $4.9B $5.0B $3.7B Current maturities of debt $5.6B — $0 $2.3B Accrued litigation $3.0B $1.7B $1.8B $1.5B Total current liabilities $35.0B $26.5B $23.1B $20.9B Long-term debt $19.6B $20.8B $20.5B $20.2B Deferred tax liabilities $5.5B $5.3B $5.1B $5.3B Other liabilities $1.5B $2.7B $3.1B $3.5B Total liabilities $61.7B $55.4B $51.8B $49.9B Preferred stock, $0.0001 par value, 5 shares issued and outstanding as of September 30, 2025 and 2024 745.0M 1.0B 1.7B 2.3B Common stock $0 $0 — — Right to recover for covered losses ($124.0M) ($104.0M) ($140.0M) ($35.0M) Additional paid-in capital $21.9B $21.2B — — Accumulated income $15.1B $17.3B $18.0B $16.1B Investment securities $12.0M $30.0M ($64.0M) ($106.0M) Defined benefit pension and other postretirement plans ($32.0M) ($16.0M) ($155.0M) ($169.0M) Derivative instruments ($307.0M) ($213.0M) ($177.0M) $418.0M Foreign currency translation adjustments $575.0M ($109.0M) ($921.0M) ($2.5B) Total accumulated other comprehensive income (loss) $248.0M ($308.0M) ($1.3B) ($2.4B) Total equity $37.9B $39.1B $38.7B $35.6B Total liabilities and equity $99.6B $94.5B $90.5B $85.5B
VISA INC. balance sheet, quarters
Line item Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 Jun 30, 2025
Cash and cash equivalents $12.4B $12.4B $14.8B $17.1B Restricted cash equivalents—U.S. litigation escrow $888.0M $665.0M $3.3B $2.7B Investment securities $1.4B $1.5B $1.6B $2.1B Settlement receivable $2.4B $2.1B $3.2B $4.8B Accounts receivable $3.5B $3.4B $3.2B $2.9B Current portion of client incentives $2.5B $2.5B $2.3B $2.2B Prepaid expenses and other current assets $3.6B $4.7B $2.9B $3.0B Total current assets $31.0B $31.6B $35.0B $38.4B Investment securities $150.0M $308.0M $484.0M $1.2B Client incentives $5.9B $5.5B $5.5B $5.0B Property, equipment and technology, net $4.9B $4.8B $4.3B $4.1B Goodwill $20.8B $20.9B $19.9B $19.9B Intangible assets, net $27.5B $27.8B $27.7B $27.7B Other assets $4.3B $4.2B $4.0B $3.7B Total assets $94.6B $95.0B $96.8B $100.0B Accounts payable $553.0M $557.0M $433.0M $462.0M Settlement payable $3.3B $3.0B $4.3B $6.0B Customer collateral $4.3B $4.3B $3.7B $3.6B Accrued compensation and benefits $2.2B $1.4B $1.2B $1.5B Client incentives $11.4B $11.6B $11.3B $10.0B Accrued liabilities $5.4B $5.7B $5.6B $4.9B Current maturities of debt $3.0B $1.6B $1.6B $5.5B Accrued litigation $1.3B $981.0M $3.4B $2.4B Total current liabilities $31.5B $29.1B $31.5B $34.4B Long-term debt $20.9B $22.4B $19.6B $19.6B Deferred tax liabilities $5.2B $5.9B $5.2B $5.8B Other liabilities $1.9B $2.0B $1.7B $1.6B Total liabilities $59.4B $59.4B $58.0B $61.4B Preferred stock $514.0M $528.0M $551.0M $871.0M Common stock $0 $0 $0 $0 Right to recover for covered losses ($111.0M) ($44.0M) ($19.0M) ($118.0M) Additional paid-in capital $22.2B $22.0B $22.0B $21.7B Accumulated income $12.8B $13.1B $16.0B $16.0B Investment securities $2.0M $5.0M $10.0M $12.0M Defined benefit pension and other postretirement plans ($25.0M) ($24.0M) ($30.0M) ($14.0M) Derivative instruments ($129.0M) ($162.0M) ($245.0M) ($356.0M) Foreign currency translation adjustments $6.0M $203.0M $512.0M $567.0M Total accumulated other comprehensive income (loss) ($146.0M) $22.0M $247.0M $209.0M Total equity $35.2B $35.7B $38.8B $38.7B Total liabilities and equity $94.6B $95.0B $96.8B $100.0B
Cash flow statement VISA INC. cash flow statement, fiscal years
Line item Sep 30, 2025 · FY Sep 30, 2024 · FY Sep 30, 2023 · FY Sep 30, 2022 · FY
Net income $20.1B $19.7B $17.3B $15.0B Client incentives $15.8B $13.8B $12.3B $10.3B Share-based compensation $897.0M $850.0M $765.0M $602.0M Depreciation and amortization $1.2B $1.0B $943.0M $861.0M Deferred income taxes $152.0M ($100.0M) ($483.0M) ($336.0M) VE territory covered losses ($28.0M) ($139.0M) ($136.0M) ($43.0M) (Gains) losses on equity investments, net $87.0M $94.0M $104.0M $264.0M Other $94.0M $136.0M $14.0M ($94.0M) Settlement receivable $374.0M ($2.2B) ($160.0M) ($397.0M) Accounts receivable ($542.0M) ($237.0M) ($250.0M) ($97.0M) Client incentives ($15.3B) ($14.1B) ($11.0B) ($9.4B) Other assets $160.0M ($199.0M) ($24.0M) ($666.0M) Accounts payable $67.0M $109.0M $34.0M $67.0M Settlement payable ($847.0M) $1.8B ($194.0M) $1.3B Accrued and other liabilities ($373.0M) ($676.0M) $1.3B $1.1B Accrued litigation $1.3B ($28.0M) $295.0M $476.0M Net cash provided by (used in) operating activities $23.1B $19.9B $20.8B $18.8B Purchases of property, equipment and technology ($1.5B) ($1.3B) ($1.1B) ($970.0M) Purchases of investment securities $0 ($4.4B) ($4.4B) ($6.0B) Proceeds from maturities and sales of investment securities $3.0B $5.0B $3.2B $4.6B Acquisitions, net of cash and restricted cash acquired ($887.0M) ($915.0M) $0 ($1.9B) Purchases of other investments ($68.0M) ($231.0M) ($121.0M) ($86.0M) Proceeds from settlement of derivative instruments $0 $0 $402.0M — Other investing activities $121.0M ($93.0M) ($25.0M) $128.0M Net cash provided by (used in) investing activities $708.0M ($1.9B) ($2.0B) ($4.3B) Repurchases of class A common stock ($18.3B) ($16.7B) ($12.1B) ($11.6B) Repayments of debt $0 $0 ($2.3B) ($1.0B) Dividends paid ($4.6B) ($4.2B) ($3.8B) ($3.2B) Proceeds from issuance of senior notes $3.9B $0 $0 $3.2B Proceeds from stock issued under equity plans $396.0M $335.0M $260.0M $196.0M Taxes paid related to stock issued under equity plans ($281.0M) ($208.0M) ($130.0M) ($120.0M) Other financing activities ($52.0M) $170.0M $200.0M ($198.0M) Net cash provided by (used in) financing activities ($19.0B) ($20.6B) ($17.8B) ($12.7B) Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents $420.0M $382.0M $636.0M ($1.3B) Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents $5.2B ($2.2B) $1.6B $578.0M Cash, cash equivalents, restricted cash and restricted cash equivalents as of beginning of period $19.8B $22.0B $20.4B $19.8B Cash, cash equivalents, restricted cash and restricted cash equivalents as of end of period $25.0B $19.8B — — Cash paid for income taxes, net $4.5B $5.8B $3.4B $3.7B Interest payments on debt $587.0M $583.0M $617.0M $607.0M Accruals related to purchases of property, equipment and technology $59.0M $52.0M $96.0M $56.0M
VISA INC. cash flow statement, quarters
Line item Jun 30, 2026 · YTD Mar 31, 2026 · YTD Dec 31, 2025 · Q1 Jun 30, 2025 · YTD
Net income $17.5B $11.9B $5.9B $15.0B Client incentives $13.2B $8.5B $4.3B $11.5B Share-based compensation $728.0M $506.0M $231.0M $706.0M Depreciation and amortization $1.0B $659.0M $326.0M $904.0M Deferred income taxes ($638.0M) $18.0M ($435.0M) $347.0M VE territory covered losses ($108.0M) ($28.0M) ($3.0M) ($22.0M) (Gains) losses on equity investments, net $31.0M $22.0M $7.0M $133.0M Other $16.0M $22.0M $18.0M $70.0M Settlement receivable $1.8B $2.0B $981.0M ($211.0M) Accounts receivable ($368.0M) ($237.0M) ($109.0M) ($334.0M) Client incentives ($13.1B) ($7.8B) ($3.8B) ($11.3B) Other assets ($832.0M) ($1.9B) $35.0M ($18.0M) Accounts payable ($28.0M) ($25.0M) ($114.0M) ($14.0M) Settlement payable ($1.4B) ($1.7B) ($233.0M) $619.0M Accrued and other liabilities $373.0M ($214.0M) ($611.0M) ($1.2B) Accrued litigation ($1.8B) ($2.1B) $373.0M $622.0M Net cash provided by (used in) operating activities $16.3B $9.8B $6.8B $16.8B Purchases of property, equipment and technology ($1.2B) ($761.0M) ($378.0M) ($1.1B) Purchases of investment securities ($50.0M) ($50.0M) — $0 Proceeds from maturities and sales of investment securities $1.3B $1.0B $725.0M $2.5B Acquisitions, net of cash, cash equivalents, restricted cash and restricted cash equivalents acquired ($705.0M) ($705.0M) $0 ($887.0M) Purchases of other investments ($97.0M) ($28.0M) ($5.0M) ($41.0M) Other investing activities ($5.0M) $2.0M $19.0M ($43.0M) Net cash provided by (used in) investing activities ($755.0M) ($517.0M) $361.0M $404.0M Repurchases of class A common stock ($16.4B) ($11.6B) ($3.7B) ($13.4B) Repayments of senior notes ($5.6B) ($4.0B) ($4.0B) — Dividends paid ($3.9B) ($2.6B) ($1.3B) ($3.5B) Proceeds from issuance of senior notes $3.0B $3.0B — $3.9B Net proceeds from issuance (repayments) of commercial paper $1.5B — — — Proceeds from stock issued under equity plans $204.0M $133.0M $78.0M $341.0M Taxes paid related to stock issued under equity plans ($272.0M) ($268.0M) ($231.0M) ($254.0M) Other financing activities ($116.0M) ($52.0M) $185.0M ($97.0M) Net cash provided by (used in) financing activities ($21.5B) ($15.4B) ($9.0B) ($13.0B) Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents ($266.0M) ($156.0M) $34.0M $416.0M Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents ($6.2B) ($6.3B) ($1.8B) $4.7B Cash, cash equivalents, restricted cash and restricted cash equivalents as of beginning of period $25.0B $25.0B $25.0B $19.8B Cash, cash equivalents, restricted cash and restricted cash equivalents as of end of period $18.8B $18.7B $23.2B $24.4B Cash paid for income taxes, net $4.9B $4.0B $1.3B $3.6B Interest payments on debt $600.0M $261.0M $213.0M $539.0M Accruals related to purchases of property, equipment and technology $125.0M $125.0M $26.0M $51.0M
VISA INC. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.