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Visa (V) Financials

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$359.93 +0.63 (+0.18%)
Closing price 05/28/2025 03:59 PM Eastern
Extended Trading
$358.32 -1.62 (-0.45%)
As of 08:51 AM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Polygon.io. Learn more.
Annual Income Statements for Visa

Annual Income Statements for Visa

This table shows Visa's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Net Income / (Loss) Attributable to Common Shareholders
19,743 17,273 14,957 12,311 10,866 12,080 10,301 6,699 5,991 6,328
Consolidated Net Income / (Loss)
19,743 17,273 14,957 12,311 10,866 12,080 10,301 6,699 5,991 6,328
Net Income / (Loss) Continuing Operations
19,743 17,273 14,957 12,311 10,866 12,080 10,301 6,699 5,991 6,328
Total Pre-Tax Income
23,916 21,037 18,136 16,063 13,790 14,884 12,806 11,694 8,012 8,995
Total Operating Income
23,595 21,000 18,813 15,804 14,081 15,001 12,954 12,144 7,883 9,064
Total Gross Profit
29,662 26,822 24,320 19,865 18,061 19,533 17,439 15,730 12,856 11,801
Total Revenue
35,926 32,653 29,310 24,105 21,846 22,977 20,609 18,358 15,082 13,880
Operating Revenue
35,926 32,653 29,310 24,105 21,846 22,977 20,609 18,358 15,082 13,057
Total Cost of Revenue
6,264 5,831 4,990 4,240 3,785 3,444 3,170 2,628 2,226 2,079
Operating Cost of Revenue
6,264 5,831 4,990 4,240 3,785 3,444 3,170 2,628 2,226 2,079
Total Operating Expenses
6,067 5,822 5,507 4,061 3,980 4,532 4,485 3,586 4,973 2,737
Selling, General & Admin Expense
3,011 2,611 2,442 2,118 2,231 2,371 2,277 2,089 1,723 1,357
Marketing Expense
1,560 1,341 1,336 1,136 971 1,105 988 922 869 872
Depreciation Expense
1,034 943 861 804 767 656 613 556 502 494
Other Special Charges / (Income)
462 927 868 3.00 11 400 607 19 1,879 14
Total Other Income / (Expense), net
321 37 -677 259 -291 -117 -148 -450 129 -69
Interest Expense
641 644 538 513 516 533 612 563 427 3.00
Other Income / (Expense), net
962 681 -139 772 225 416 464 113 556 -66
Income Tax Expense
4,173 3,764 3,179 3,752 2,924 2,804 2,505 4,995 2,021 2,667
Basic Earnings per Share
$9.74 $8.29 $7.01 $5.63 $4.90 $5.32 $4.43 $2.80 $16.53 -
Weighted Average Basic Shares Outstanding
1.62B 1.62B 1.65B 1.69B 1.70B 1.74B 1.79B 1.85B 2.17B 1.95B
Diluted Earnings per Share
$9.73 $8.28 $7.00 $5.63 $4.89 $5.32 $4.42 $2.80 $16.50 $2.58
Weighted Average Diluted Shares Outstanding
2.03B 2.09B 2.14B 2.19B 2.22B 2.27B 2.33B 2.40B 2.68B 2.46B
Weighted Average Basic & Diluted Shares Outstanding
1.86B 1.84B 1.88B 1.93B 1.95B 1.97B 2.02B 2.07B 2.13B 0.00
Cash Dividends to Common per Share
$0.52 $0.45 $0.38 $0.32 $0.30 $0.25 $0.83 $0.17 $0.14 $0.12

Quarterly Income Statements for Visa

This table shows Visa's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Income / (Loss) Attributable to Common Shareholders
4,577 5,119 5,318 4,872 4,663 4,890 4,681 4,156 4,257 4,179 3,940
Consolidated Net Income / (Loss)
4,577 5,119 5,318 4,872 4,663 4,890 4,681 4,156 4,257 4,179 3,940
Net Income / (Loss) Continuing Operations
4,577 5,119 5,318 4,872 4,663 4,890 4,681 4,156 4,257 4,179 3,940
Total Pre-Tax Income
5,438 6,200 6,372 5,989 5,513 6,042 5,636 5,146 5,278 4,977 4,868
Total Operating Income
5,435 6,234 6,349 5,938 5,354 5,954 5,550 5,024 5,336 5,090 5,087
Total Gross Profit
7,937 7,697 8,008 7,327 7,172 7,155 7,111 6,642 6,470 6,599 6,431
Total Revenue
9,594 9,510 9,617 8,900 8,775 8,634 8,609 8,123 7,985 7,936 7,787
Operating Revenue
9,594 9,510 9,617 8,900 8,775 8,634 8,609 8,123 7,985 7,936 7,787
Total Cost of Revenue
1,657 1,813 1,609 1,573 1,603 1,479 1,498 1,481 1,515 1,337 1,356
Operating Cost of Revenue
1,657 1,813 1,609 1,573 1,603 1,479 1,498 1,481 1,515 1,337 1,356
Total Operating Expenses
2,502 1,463 1,659 1,389 1,818 1,201 1,561 1,618 1,134 1,509 1,344
Selling, General & Admin Expense
816 831 824 734 801 652 782 629 591 609 686
Marketing Expense
381 306 551 378 338 293 403 297 309 332 429
Depreciation Expense
305 282 274 264 249 247 247 235 234 227 226
Other Special Charges / (Income)
1,000 44 10 13 430 9.00 129 457 0.00 341 3.00
Total Other Income / (Expense), net
3.00 -34 23 51 159 88 86 122 -58 -113 -219
Interest Expense
158 182 176 196 82 187 183 182 142 137 159
Other Income / (Expense), net
161 148 199 247 241 275 269 304 84 24 -60
Income Tax Expense
861 1,081 1,054 1,117 850 1,152 955 990 1,021 798 928
Basic Earnings per Share
$2.32 $2.58 $2.66 $2.40 $2.29 $2.39 $2.26 $2.00 $2.04 $1.99 $1.87
Weighted Average Basic Shares Outstanding
1.72B 1.73B 1.62B 1.61B 1.58B 1.58B 1.62B 1.61B 1.62B 1.63B 1.65B
Diluted Earnings per Share
$2.32 $2.58 $2.65 $2.40 $2.29 $2.39 $2.26 $2.00 $2.03 $1.99 $1.87
Weighted Average Diluted Shares Outstanding
1.97B 1.99B 2.03B 2.03B 2.04B 2.05B 2.09B 2.08B 2.09B 2.10B 2.14B
Weighted Average Basic & Diluted Shares Outstanding
1.85B 1.86B 1.86B 1.82B 1.83B 1.84B 1.84B 1.86B 1.87B 1.88B 1.88B

Annual Cash Flow Statements for Visa

This table details how cash moves in and out of Visa's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Net Change in Cash & Equivalents
-2,227 1,613 578 628 7,899 -145 -1,034 4,364 2,101 1,547
Net Cash From Operating Activities
19,950 20,755 18,849 15,227 10,440 12,784 12,941 9,317 5,574 6,584
Net Cash From Continuing Operating Activities
19,950 20,755 18,849 15,227 10,440 12,784 12,941 9,317 5,574 6,584
Net Income / (Loss) Continuing Operations
19,743 17,273 14,957 12,311 10,866 12,080 10,301 6,699 5,991 6,328
Consolidated Net Income / (Loss)
19,743 17,273 14,957 12,311 10,866 12,080 10,301 6,699 5,991 6,328
Depreciation Expense
1,034 943 861 804 767 656 613 556 502 494
Amortization Expense
13,764 12,297 10,295 8,367 - 6,173 5,491 4,565 3,409 2,861
Non-Cash Adjustments To Reconcile Net Income
-15,401 -10,750 -8,958 -8,404 675 -7,999 -4,653 -4,262 -3,159 -2,355
Changes in Operating Assets and Liabilities, net
810 992 1,694 2,149 -1,868 1,874 1,189 1,759 -1,169 -744
Net Cash From Investing Activities
-1,926 -2,006 -4,288 -152 1,427 -591 -3,084 735 -10,916 -1,435
Net Cash From Continuing Investing Activities
-1,926 -2,006 -4,288 -152 1,427 -591 -3,084 735 -10,916 -1,435
Purchase of Property, Plant & Equipment
-1,257 -1,059 -970 -705 -736 -756 -718 -707 -523 -414
Acquisitions
-915 0.00 -1,948 -75 -77 -699 -196 -302 -9,082 -93
Purchase of Investments
-4,674 -4,082 -6,083 -5,182 -2,342 -3,154 -5,822 -3,284 -10,436 -2,875
Sale and/or Maturity of Investments
5,013 3,160 4,585 5,701 4,510 3,996 3,636 5,016 9,125 1,937
Other Investing Activities, net
-93 -25 128 109 72 22 16 0.00 - -
Net Cash From Financing Activities
-20,633 -17,772 -12,696 -14,410 -3,968 -12,061 -10,790 -5,924 7,477 -3,603
Net Cash From Continuing Financing Activities
-20,633 -17,772 -12,696 -14,410 -3,968 -12,061 -10,790 -5,924 7,432 -4,455
Repayment of Debt
170 -2,050 -1,198 -3,000 -99 0.00 -1,750 -15 -98 -426
Repurchase of Common Equity
-16,713 -12,101 -11,589 -8,676 -8,114 -8,607 -7,192 -6,891 -7,157 -2,910
Payment of Dividends
-4,217 -3,751 -3,203 -2,798 -2,664 -2,269 -1,918 -1,579 -1,350 -1,177
Issuance of Debt
0.00 0.00 3,218 0.00 7,212 0.00 0.00 2,488 15,971 0.00
Other Financing Activities, net
127 130 76 64 -303 -1,185 70 73 66 58
Effect of Exchange Rate Changes
382 636 -1,287 -37 - -277 -101 236 -34 1.00
Cash Interest Paid
583 617 607 643 537 537 545 489 244 0.00
Cash Income Taxes Paid
5,775 3,433 3,741 3,012 2,671 2,648 2,285 3,038 2,842 2,486

Quarterly Cash Flow Statements for Visa

This table details how cash moves in and out of Visa's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Net Change in Cash & Equivalents
-830 203 487 328 -688 -2,354 951 1,911 745 -1,994 1,381
Net Cash From Operating Activities
4,695 5,396 6,664 5,134 4,538 3,614 6,927 5,797 3,860 4,171 5,876
Net Cash From Continuing Operating Activities
4,719 5,396 6,664 5,134 4,538 3,614 6,927 5,797 3,860 4,171 5,876
Net Income / (Loss) Continuing Operations
4,577 5,119 5,318 4,872 4,663 4,890 4,681 4,156 4,257 4,179 3,940
Consolidated Net Income / (Loss)
4,577 5,119 5,318 4,872 4,663 4,890 4,681 4,156 4,257 4,179 3,940
Depreciation Expense
305 282 274 264 249 247 247 235 234 227 226
Amortization Expense
3,734 3,797 3,629 3,530 3,257 3,348 3,439 3,167 2,905 2,786 2,860
Non-Cash Adjustments To Reconcile Net Income
-3,786 -2,626 -5,736 -1,649 -4,409 -3,607 -2,610 -3,024 -2,490 -2,626 -9,017
Changes in Operating Assets and Liabilities, net
-111 -1,176 3,179 -1,883 778 -1,264 1,170 1,263 -1,046 -395 7,867
Net Cash From Investing Activities
-130 790 584 555 -1,176 -1,889 -1,188 17 -325 -510 107
Net Cash From Continuing Investing Activities
-130 790 584 555 -1,176 -1,889 -1,188 17 -325 -510 107
Purchase of Property, Plant & Equipment
-327 -345 -309 -400 -281 -267 -305 -295 -210 -249 -295
Acquisitions
19 -906 - - - 0.00 - - - - -3.00
Purchase of Investments
-18 -6.00 -212 -762 -946 -2,754 -1,586 -341 -542 -1,613 -1,600
Sale and/or Maturity of Investments
226 2,042 1,147 1,721 1,008 1,137 750 650 450 1,310 2,005
Other Investing Activities, net
-30 5.00 -42 -4.00 -42 -5.00 -47 3.00 -23 42 -
Net Cash From Financing Activities
-5,660 -5,475 -7,069 -5,311 -3,874 -4,379 -4,580 -3,919 -2,926 -6,347 -4,040
Net Cash From Continuing Financing Activities
-5,660 -5,475 -7,069 -5,311 -3,874 -4,379 -4,580 -3,919 -2,926 -6,347 -4,040
Repayment of Debt
-12 -186 -229 196 -126 329 33 -5.00 153 -2,231 -1,183
Repurchase of Common Equity
-4,596 -4,011 -5,848 -4,527 -2,758 -3,580 -3,751 -3,041 -2,194 -3,115 -2,103
Payment of Dividends
-1,164 -1,170 -1,041 -1,056 -1,060 -1,060 -928 -937 -941 -945 -794
Other Financing Activities, net
112 -108 49 76 70 -68 66 64 56 -56 40
Effect of Exchange Rate Changes
265 -508 308 -50 -176 300 -208 16 136 692 -562
Cash Interest Paid
48 213 49 273 48 213 49 275 49 244 59
Cash Income Taxes Paid
1,861 1,194 1,076 1,041 2,155 1,503 420 378 1,914 721 850

Annual Balance Sheets for Visa

This table presents Visa's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Total Assets
94,511 90,499 85,501 82,896 80,919 72,574 69,225 67,977 64,035 39,367
Total Current Assets
34,033 33,532 30,205 27,607 27,645 20,970 18,216 19,023 14,313 10,021
Cash & Equivalents
11,975 16,286 15,689 16,487 16,289 7,838 8,162 9,874 5,619 3,518
Restricted Cash
3,089 1,764 1,449 894 901 1,205 1,491 1,031 1,027 1,072
Short-Term Investments
3,200 3,842 2,833 2,025 3,752 4,236 3,547 3,564 3,319 2,497
Note & Lease Receivable
3,524 3,005 2,342 - - - 1,324 - 1,001 1,023
Accounts Receivable
2,561 2,291 2,020 1,968 1,618 1,542 1,208 1,132 1,041 847
Prepaid Expenses
3,312 2,584 2,668 856 757 712 562 550 555 353
Other Current Assets
6,372 3,760 3,204 5,377 4,328 5,437 1,922 2,872 1,751 711
Plant, Property, & Equipment, net
3,824 3,425 3,223 2,715 2,737 2,695 2,472 2,253 2,150 1,888
Total Noncurrent Assets
56,654 53,542 52,073 52,574 50,537 48,909 48,537 46,701 47,572 27,458
Long-Term Investments
2,545 1,921 2,136 1,705 231 2,157 4,082 1,926 3,931 3,384
Goodwill
18,941 17,997 17,787 15,958 15,910 15,656 15,194 15,110 15,066 11,825
Intangible Assets
26,889 26,104 25,065 27,664 27,808 26,780 27,558 27,848 27,234 11,361
Other Noncurrent Operating Assets
8,279 7,520 7,085 7,247 6,588 4,316 1,703 1,817 1,341 888
Total Liabilities & Shareholders' Equity
94,511 90,499 85,501 82,896 80,919 72,574 69,225 67,977 64,035 39,367
Total Liabilities
55,374 51,766 49,920 45,307 44,709 37,890 35,219 35,217 31,123 9,525
Total Current Liabilities
26,517 23,098 20,853 15,739 14,510 13,415 11,305 9,994 8,046 5,355
Short-Term Debt
0.00 - 2,250 999 2,999 0.00 - 1,749 0.00 -
Accounts Payable
479 375 340 266 174 156 183 179 203 127
Accrued Expenses
4,909 5,015 3,726 2,334 1,840 2,828 2,594 2,111 2,109 1,873
Current Deferred Revenue
3,524 3,005 2,342 2,260 1,850 1,648 1,325 1,106 1,001 1,023
Current Employee Benefit Liabilities
1,538 1,506 1,359 1,211 821 796 901 757 673 503
Other Current Liabilities
16,067 13,197 10,836 8,669 6,826 7,987 6,302 4,092 4,060 1,829
Total Noncurrent Liabilities
28,857 28,668 29,067 29,568 30,199 24,475 23,914 25,223 23,077 4,170
Long-Term Debt
20,836 20,463 20,200 19,978 21,071 16,729 16,630 16,618 15,882 0.00
Noncurrent Deferred & Payable Income Tax Liabilities
5,301 5,114 5,332 6,128 5,237 4,807 4,618 5,980 4,808 3,273
Other Noncurrent Operating Liabilities
2,720 3,091 3,535 3,462 3,891 2,939 2,666 2,625 2,387 897
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 - - - 0.00
Total Equity & Noncontrolling Interests
39,137 38,733 35,581 37,589 36,210 34,684 34,006 32,760 32,912 29,842
Total Preferred & Common Equity
39,137 38,733 35,581 37,589 36,210 34,684 34,006 32,760 32,912 29,842
Preferred Stock
1,031 1,698 2,324 3,080 5,086 5,462 5,470 5,526 5,717 0.00
Total Common Equity
38,106 37,035 33,257 34,509 31,124 29,222 28,536 27,234 27,195 29,842
Common Stock
21,229 20,452 19,545 18,855 16,721 16,541 16,678 16,900 17,395 18,073
Retained Earnings
17,289 18,040 16,116 15,351 14,088 13,502 11,318 9,508 10,462 11,843
Accumulated Other Comprehensive Income / (Loss)
-308 -1,317 -2,369 436 354 -650 547 878 -458 -74
Other Equity Adjustments
-104 -140 -35 -133 -39 -171 -7.00 -52 -34 0.00

Quarterly Balance Sheets for Visa

This table presents Visa's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Total Assets
92,853 91,888 94,511 91,040 92,399 91,409 90,499 89,234 86,755 85,387 85,501
Total Current Assets
32,934 32,622 34,033 31,039 32,775 32,732 33,532 31,670 28,657 27,859 30,205
Cash & Equivalents
11,734 12,367 11,975 12,947 12,993 13,591 16,286 15,590 13,842 13,334 15,689
Restricted Cash
2,926 3,112 3,089 1,596 1,584 1,616 1,764 1,627 1,616 1,705 1,449
Short-Term Investments
2,017 1,967 3,200 3,697 4,710 5,005 3,842 3,166 2,752 2,785 2,833
Note & Lease Receivable
3,543 3,518 3,524 3,472 3,367 3,164 3,005 2,907 - - 2,342
Accounts Receivable
2,719 2,590 2,561 2,521 2,272 2,506 2,291 2,282 2,122 2,113 2,020
Prepaid Expenses
3,576 3,393 3,312 2,857 2,551 2,753 2,584 2,119 2,167 1,802 2,668
Other Current Assets
6,419 5,675 6,372 3,949 5,298 4,097 3,760 3,979 6,158 6,120 3,204
Plant, Property, & Equipment, net
4,023 3,974 3,824 3,766 3,630 3,472 3,425 3,370 3,359 3,236 3,223
Total Noncurrent Assets
55,896 55,292 56,654 56,235 55,994 55,205 53,542 54,194 54,739 54,292 52,073
Long-Term Investments
1,470 1,757 2,545 3,037 3,092 2,809 1,921 2,122 2,840 2,735 2,136
Goodwill
19,641 19,548 18,941 18,816 18,837 18,120 17,997 18,082 18,078 18,024 17,787
Intangible Assets
26,408 25,889 26,889 26,243 26,375 26,739 26,104 26,576 26,574 26,307 25,065
Other Noncurrent Operating Assets
8,377 8,098 8,279 8,139 7,690 7,537 7,520 7,414 7,247 7,226 7,085
Total Liabilities & Shareholders' Equity
92,853 91,888 94,511 91,040 92,399 91,409 90,499 89,234 86,755 85,387 85,501
Total Liabilities
54,823 53,592 55,374 51,311 51,914 51,676 51,766 50,253 48,190 48,463 49,920
Total Current Liabilities
30,381 29,091 26,517 22,612 23,443 22,634 23,098 21,230 19,097 19,353 20,853
Short-Term Debt
3,948 3,929 0.00 - - - - 0.00 0.00 0.00 2,250
Accounts Payable
421 405 479 331 338 348 375 281 280 258 340
Accrued Expenses
4,568 4,760 4,909 4,932 4,386 5,077 5,015 4,075 3,626 3,940 3,726
Current Deferred Revenue
3,543 3,518 3,524 3,472 3,367 3,164 3,005 2,907 2,739 2,591 2,342
Current Employee Benefit Liabilities
1,225 1,226 1,538 1,251 1,065 816 1,506 1,215 998 736 1,359
Other Current Liabilities
16,737 15,323 16,067 12,826 14,287 13,229 13,197 12,752 11,454 11,828 10,836
Total Noncurrent Liabilities
24,442 24,501 28,857 28,699 28,471 29,042 28,668 29,023 29,093 29,110 29,067
Long-Term Debt
16,814 16,680 20,836 20,602 20,603 20,703 20,463 20,560 20,606 20,487 20,200
Noncurrent Deferred & Payable Income Tax Liabilities
5,160 5,192 5,301 5,119 5,145 5,275 5,114 5,380 5,462 5,443 5,332
Other Noncurrent Operating Liabilities
2,468 2,629 2,720 2,978 2,723 3,064 3,091 3,083 3,025 3,180 3,535
Commitments & Contingencies
0.00 0.00 0.00 0.00 0.00 0.00 0.00 - - - 0.00
Total Equity & Noncontrolling Interests
38,030 38,296 39,137 39,729 40,485 39,733 38,733 38,981 38,565 36,924 35,581
Total Preferred & Common Equity
38,030 38,296 39,137 39,729 40,485 39,733 38,733 38,981 38,565 36,924 35,581
Preferred Stock
880 904 1,031 1,425 1,602 1,615 1,698 1,786 1,885 1,981 2,324
Total Common Equity
37,150 37,392 38,106 38,304 38,883 38,118 37,035 37,195 36,680 34,943 33,257
Common Stock
21,579 21,324 21,229 20,832 20,709 20,490 20,452 20,290 20,095 19,827 19,545
Retained Earnings
16,518 17,438 17,289 18,578 19,347 18,422 18,040 17,908 17,610 16,403 16,116
Accumulated Other Comprehensive Income / (Loss)
-827 -1,247 -308 -1,060 -998 -655 -1,317 -978 -990 -1,259 -2,369
Other Equity Adjustments
-120 -123 -104 -46 -175 -139 -140 -25 -35 -28 -35

Annual Metrics And Ratios for Visa

This table displays calculated financial ratios and metrics derived from Visa's official financial filings.

Metric 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015
Period end date 9/30/2024 9/30/2023 9/30/2022 9/30/2021 9/30/2020 9/30/2019 9/30/2018 9/30/2017 9/30/2016 9/30/2015
Growth Metrics
- - - - - - - - - -
Revenue Growth
10.02% 11.41% 21.59% 10.34% -4.92% 11.49% 12.26% 21.72% 8.66% 9.27%
EBITDA Growth
12.70% 17.07% 15.86% 70.82% -32.24% 13.95% 12.34% 40.71% -0.02% 14.82%
EBIT Growth
13.27% 16.10% 12.66% 15.87% -7.21% 14.90% 9.47% 45.24% -6.21% 16.37%
NOPAT Growth
12.96% 11.13% 28.09% 9.17% -8.87% 16.84% 49.78% 18.02% -7.56% 17.67%
Net Income Growth
14.30% 15.48% 21.49% 13.30% -10.05% 17.27% 53.77% 11.82% -5.33% 16.37%
EPS Growth
17.51% 18.29% 24.33% 15.13% -8.08% 20.36% 57.86% -83.03% 539.53% 0.00%
Operating Cash Flow Growth
-3.88% 10.11% 23.79% 45.85% -18.34% -1.21% 38.90% 67.15% -15.34% -8.62%
Free Cash Flow Firm Growth
-11.23% 4.33% 23.84% 72.81% -16.61% -19.04% 65.64% 173.95% -261.74% -5.09%
Invested Capital Growth
10.43% -1.51% -4.09% -4.22% 8.70% 7.86% -3.97% -0.48% 80.16% 2.22%
Revenue Q/Q Growth
2.89% 2.58% 4.37% 6.44% -4.53% 3.16% 2.89% 3.34% 4.79% 2.53%
EBITDA Q/Q Growth
2.46% 4.15% 3.83% 59.41% -32.53% 1.57% 3.24% 5.85% 4.87% 6.06%
EBIT Q/Q Growth
3.06% 3.79% 3.34% 7.97% -4.22% 0.94% 3.40% 5.17% 4.47% 7.98%
NOPAT Q/Q Growth
3.66% 2.94% 3.46% 12.93% -7.07% 2.58% 5.24% 3.00% 9.21% 7.36%
Net Income Q/Q Growth
3.33% 4.48% 2.44% 13.32% -7.55% 1.51% 7.35% 3.22% 7.52% 7.45%
EPS Q/Q Growth
4.18% 4.94% 3.24% 13.51% -6.86% 1.92% 8.33% -20.68% 539.53% -14.29%
Operating Cash Flow Q/Q Growth
-1.30% 5.33% 11.24% 14.04% -15.71% 4.63% 4.86% 4.77% 14.79% -0.89%
Free Cash Flow Firm Q/Q Growth
-6.98% -0.73% 18.89% 22.29% -10.43% -9.60% 10.51% -4.03% 6.53% 2.74%
Invested Capital Q/Q Growth
0.57% -4.46% -5.96% -0.23% 2.72% 2.72% -1.09% 0.68% -0.76% -0.47%
Profitability Metrics
- - - - - - - - - -
Gross Margin
82.56% 82.14% 82.98% 82.41% 82.67% 85.01% 84.62% 85.68% 85.24% 85.02%
EBITDA Margin
109.54% 106.95% 101.77% 106.81% 69.00% 96.82% 94.73% 94.66% 81.89% 89.00%
Operating Margin
65.68% 64.31% 64.19% 65.56% 64.46% 65.29% 62.86% 66.15% 52.27% 65.30%
EBIT Margin
68.35% 66.40% 63.71% 68.77% 65.49% 67.10% 65.11% 66.77% 55.95% 64.83%
Profit (Net Income) Margin
54.95% 52.90% 51.03% 51.07% 49.74% 52.57% 49.98% 36.49% 39.72% 45.59%
Tax Burden Percent
82.55% 82.11% 82.47% 76.64% 78.80% 81.16% 80.44% 57.29% 74.78% 70.35%
Interest Burden Percent
97.39% 97.03% 97.12% 96.91% 96.39% 96.54% 95.44% 95.41% 94.94% 99.97%
Effective Tax Rate
17.45% 17.89% 17.53% 23.36% 21.20% 18.84% 19.56% 42.71% 25.22% 29.65%
Return on Invested Capital (ROIC)
52.32% 48.36% 42.29% 31.64% 29.55% 35.12% 30.61% 19.98% 21.72% 33.28%
ROIC Less NNEP Spread (ROIC-NNEP)
36.79% 46.34% -492.00% 46.01% 18.61% 5.49% 12.57% 6.96% 19.45% 33.79%
Return on Net Nonoperating Assets (RNNOA)
-1.61% -1.88% -1.41% 1.72% 1.10% 0.05% 0.25% 0.42% -2.63% -11.18%
Return on Equity (ROE)
50.71% 46.49% 40.88% 33.36% 30.65% 35.17% 30.86% 20.40% 19.09% 22.10%
Cash Return on Invested Capital (CROIC)
42.41% 49.88% 46.46% 35.96% 21.22% 27.55% 34.66% 20.46% -35.50% 31.08%
Operating Return on Assets (OROA)
26.55% 24.64% 22.18% 20.24% 18.64% 21.74% 19.56% 18.57% 16.32% 23.09%
Return on Assets (ROA)
21.34% 19.63% 17.76% 15.03% 14.16% 17.04% 15.02% 10.15% 11.59% 16.24%
Return on Common Equity (ROCE)
48.93% 43.97% 37.86% 29.67% 26.09% 29.57% 25.78% 16.91% 17.35% 22.10%
Return on Equity Simple (ROE_SIMPLE)
50.45% 44.60% 42.04% 32.75% 30.01% 34.83% 30.29% 20.45% 18.20% 21.21%
Net Operating Profit after Tax (NOPAT)
19,478 17,243 15,515 12,112 11,095 12,175 10,420 6,957 5,895 6,377
NOPAT Margin
54.22% 52.81% 52.94% 50.25% 50.79% 52.99% 50.56% 37.90% 39.08% 45.94%
Net Nonoperating Expense Percent (NNEP)
15.53% 2.02% 534.29% -14.37% 10.95% 29.63% 18.04% 13.03% 2.27% -0.51%
Cost of Revenue to Revenue
17.44% 17.86% 17.02% 17.59% 17.33% 14.99% 15.38% 14.32% 14.76% 14.98%
SG&A Expenses to Revenue
8.38% 8.00% 8.33% 8.79% 10.21% 10.32% 11.05% 11.38% 11.42% 9.78%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
16.89% 17.83% 18.79% 16.85% 18.22% 19.72% 21.76% 19.53% 32.97% 19.72%
Earnings before Interest and Taxes (EBIT)
24,557 21,681 18,674 16,576 14,306 15,417 13,418 12,257 8,439 8,998
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
39,355 34,921 29,830 25,747 15,073 22,246 19,522 17,378 12,350 12,353
Valuation Ratios
- - - - - - - - - -
Price to Book Value (P/BV)
13.12 11.45 9.90 12.23 12.10 11.25 10.24 7.67 6.17 4.85
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 21.73
Price to Revenue (P/Rev)
13.92 12.99 11.23 17.51 17.24 14.31 14.18 11.38 11.12 10.42
Price to Earnings (P/E)
25.33 24.55 22.01 34.29 34.65 27.21 28.37 31.19 28.00 22.86
Dividend Yield
0.76% 0.99% 0.86% 0.59% 0.62% 0.60% 0.57% 0.66% 0.72% 0.74%
Earnings Yield
3.95% 4.07% 4.54% 2.92% 2.89% 3.67% 3.53% 3.21% 3.57% 4.38%
Enterprise Value to Invested Capital (EV/IC)
12.83 11.94 9.24 11.35 9.83 9.32 8.90 6.23 5.03 6.93
Enterprise Value to Revenue (EV/Rev)
13.95 12.94 11.32 17.63 17.60 14.60 14.41 11.79 11.63 9.67
Enterprise Value to EBITDA (EV/EBITDA)
12.73 12.10 11.12 16.51 25.51 15.08 15.21 12.45 14.21 10.86
Enterprise Value to EBIT (EV/EBIT)
20.41 19.48 17.77 25.64 26.88 21.76 22.14 17.66 20.79 14.91
Enterprise Value to NOPAT (EV/NOPAT)
25.73 24.50 21.39 35.09 34.65 27.55 28.50 31.11 29.77 21.04
Enterprise Value to Operating Cash Flow (EV/OCF)
25.12 20.35 17.60 27.91 36.83 26.24 22.95 23.23 31.48 20.38
Enterprise Value to Free Cash Flow (EV/FCFF)
31.74 23.75 19.47 30.88 48.27 35.12 25.17 30.38 0.00 22.53
Leverage & Solvency
- - - - - - - - - -
Debt to Equity
0.53 0.53 0.63 0.56 0.66 0.48 0.49 0.56 0.48 0.00
Long-Term Debt to Equity
0.53 0.53 0.57 0.53 0.58 0.48 0.49 0.51 0.48 0.00
Financial Leverage
-0.04 -0.04 0.00 0.04 0.06 0.01 0.02 0.06 -0.14 -0.33
Leverage Ratio
2.38 2.37 2.30 2.22 2.17 2.06 2.06 2.01 1.65 1.36
Compound Leverage Factor
2.31 2.30 2.24 2.15 2.09 1.99 1.96 1.92 1.56 1.36
Debt to Total Capital
34.74% 34.57% 38.69% 35.82% 39.93% 32.54% 32.84% 35.92% 32.55% 0.00%
Short-Term Debt to Total Capital
0.00% 0.00% 3.88% 1.71% 4.98% 0.00% 0.00% 3.42% 0.00% 0.00%
Long-Term Debt to Total Capital
34.74% 34.57% 34.81% 34.11% 34.96% 32.54% 32.84% 32.50% 32.55% 0.00%
Preferred Equity to Total Capital
1.72% 2.87% 4.00% 5.26% 8.44% 10.62% 10.80% 10.81% 11.72% 0.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
63.54% 62.56% 57.31% 58.92% 51.63% 56.84% 56.36% 53.27% 55.73% 100.00%
Debt to EBITDA
0.53 0.59 0.75 0.81 1.60 0.75 0.85 1.06 1.29 0.00
Net Debt to EBITDA
0.00 -0.10 0.01 -0.01 0.19 0.06 -0.03 0.11 0.16 0.00
Long-Term Debt to EBITDA
0.53 0.59 0.68 0.78 1.40 0.75 0.85 0.96 1.29 0.00
Debt to NOPAT
1.07 1.19 1.45 1.73 2.17 1.37 1.60 2.64 2.69 0.00
Net Debt to NOPAT
0.00 -0.19 0.02 -0.01 0.26 0.11 -0.06 0.28 0.34 0.00
Long-Term Debt to NOPAT
1.07 1.19 1.30 1.65 1.90 1.37 1.60 2.39 2.69 0.00
Altman Z-Score
7.01 6.48 5.41 6.97 6.34 6.61 6.26 4.78 4.25 10.78
Noncontrolling Interest Sharing Ratio
3.50% 5.41% 7.39% 11.07% 14.88% 15.92% 16.47% 17.12% 9.11% 0.00%
Liquidity Ratios
- - - - - - - - - -
Current Ratio
1.28 1.45 1.45 1.75 1.91 1.56 1.61 1.90 1.78 1.87
Quick Ratio
0.80 1.10 1.10 1.30 1.49 1.02 1.26 1.46 1.36 1.47
Cash Flow Metrics
- - - - - - - - - -
Free Cash Flow to Firm (FCFF)
15,787 17,784 17,046 13,764 7,965 9,552 11,798 7,123 -9,632 5,956
Operating Cash Flow to CapEx
1,587.11% 1,959.87% 1,943.20% 2,159.86% 1,418.48% 1,691.01% 1,802.37% 1,340.58% 1,065.77% 1,629.70%
Free Cash Flow to Firm to Interest Expense
24.63 27.61 31.68 26.83 15.44 17.92 19.28 12.65 -22.56 1,985.18
Operating Cash Flow to Interest Expense
31.12 32.23 35.04 29.68 20.23 23.99 21.15 16.55 13.05 2,194.67
Operating Cash Flow Less CapEx to Interest Expense
29.16 30.58 33.23 28.31 18.81 22.57 19.97 15.31 11.83 2,060.00
Efficiency Ratios
- - - - - - - - - -
Asset Turnover
0.39 0.37 0.35 0.29 0.28 0.32 0.30 0.28 0.29 0.36
Accounts Receivable Turnover
14.81 15.15 14.70 13.44 13.83 16.71 17.61 16.90 15.98 16.63
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
9.91 9.82 9.87 8.84 8.04 8.89 8.72 8.34 7.47 7.34
Accounts Payable Turnover
14.67 16.31 16.47 19.27 22.94 20.32 17.51 13.76 13.49 15.18
Days Sales Outstanding (DSO)
24.65 24.09 24.83 27.15 26.40 21.84 20.72 21.60 22.85 21.94
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
24.88 22.38 22.16 18.94 15.91 17.96 20.84 26.53 27.06 24.05
Cash Conversion Cycle (CCC)
-0.23 1.72 2.67 8.21 10.49 3.88 -0.12 -4.93 -4.21 -2.11
Capital & Investment Metrics
- - - - - - - - - -
Invested Capital
39,074 35,383 35,924 37,455 39,107 35,977 33,354 34,732 34,898 19,371
Invested Capital Turnover
0.97 0.92 0.80 0.63 0.58 0.66 0.61 0.53 0.56 0.72
Increase / (Decrease) in Invested Capital
3,691 -541 -1,531 -1,652 3,130 2,623 -1,378 -166 15,527 421
Enterprise Value (EV)
501,150 422,439 331,823 425,036 384,502 335,475 297,015 216,419 175,455 134,162
Market Capitalization
500,092 424,091 329,156 422,090 376,519 328,720 292,197 208,921 167,752 144,633
Book Value per Share
$20.91 $19.89 $17.59 $17.76 $16.02 $14.73 $14.03 $13.04 $12.65 $13.47
Tangible Book Value per Share
($4.24) ($3.80) ($5.08) ($4.69) ($6.48) ($6.66) ($6.99) ($7.53) ($7.03) $3.00
Total Capital
59,973 59,196 58,031 58,566 60,280 51,413 50,636 51,127 48,794 29,842
Total Debt
20,836 20,463 22,450 20,977 24,070 16,729 16,630 18,367 15,882 0.00
Total Long-Term Debt
20,836 20,463 20,200 19,978 21,071 16,729 16,630 16,618 15,882 0.00
Net Debt
27 -3,350 343 -134 2,897 1,293 -652 1,972 1,986 -10,471
Capital Expenditures (CapEx)
1,257 1,059 970 705 736 756 718 695 523 404
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-10,748 -11,458 -8,369 -6,539 -4,808 -5,724 -6,289 -3,691 -3,698 -2,421
Debt-free Net Working Capital (DFNWC)
7,516 10,434 11,602 12,867 16,134 7,555 6,911 10,778 6,267 4,666
Net Working Capital (NWC)
7,516 10,434 9,352 11,868 13,135 7,555 6,911 9,029 6,267 4,666
Net Nonoperating Expense (NNE)
-265 -30 558 -199 229 95 119 258 -96 49
Net Nonoperating Obligations (NNO)
-63 -3,350 343 -134 2,897 1,293 -652 1,972 1,986 -10,471
Total Depreciation and Amortization (D&A)
14,798 13,240 11,156 9,171 767 6,829 6,104 5,121 3,911 3,355
Debt-free, Cash-free Net Working Capital to Revenue
-29.92% -35.09% -28.55% -27.13% -22.01% -24.91% -30.52% -20.11% -24.52% -17.44%
Debt-free Net Working Capital to Revenue
20.92% 31.95% 39.58% 53.38% 73.85% 32.88% 33.53% 58.71% 41.55% 33.62%
Net Working Capital to Revenue
20.92% 31.95% 31.91% 49.23% 60.13% 32.88% 33.53% 49.18% 41.55% 33.62%
Earnings Adjustments
- - - - - - - - - -
Adjusted Basic Earnings per Share
$9.74 $8.29 $7.01 $5.63 $4.90 $5.32 $4.43 $2.80 $16.53 $0.00
Adjusted Weighted Average Basic Shares Outstanding
1.62B 1.62B 1.65B 1.69B 1.70B 1.74B 1.79B 1.85B 2.17B 0.00
Adjusted Diluted Earnings per Share
$9.73 $8.28 $7.00 $5.63 $4.89 $5.32 $4.42 $2.80 $16.50 $0.00
Adjusted Weighted Average Diluted Shares Outstanding
2.03B 2.09B 2.14B 2.19B 2.22B 2.27B 2.33B 2.40B 2.68B 0.00
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.86B 1.84B 1.88B 1.93B 1.95B 1.97B 2.02B 2.07B 2.13B 0.00
Normalized Net Operating Profit after Tax (NOPAT)
19,859 18,004 16,231 12,115 11,104 12,500 10,908 6,968 7,300 6,386
Normalized NOPAT Margin
55.28% 55.14% 55.38% 50.26% 50.83% 54.40% 52.93% 37.95% 48.40% 46.01%
Pre Tax Income Margin
66.57% 64.43% 61.88% 66.64% 63.12% 64.78% 62.14% 63.70% 53.12% 64.81%
Debt Service Ratios
- - - - - - - - - -
EBIT to Interest Expense
38.31 33.67 34.71 32.31 27.72 28.93 21.92 21.77 19.76 2,999.33
NOPAT to Interest Expense
30.39 26.77 28.84 23.61 21.50 22.84 17.03 12.36 13.80 2,125.51
EBIT Less CapEx to Interest Expense
36.35 32.02 32.91 30.94 26.30 27.51 20.75 20.54 18.54 2,864.67
NOPAT Less CapEx to Interest Expense
28.43 25.13 27.04 22.24 20.08 21.42 15.85 11.12 12.58 1,990.85
Payout Ratios
- - - - - - - - - -
Dividend Payout Ratio
21.36% 21.72% 21.41% 22.73% 24.52% 18.78% 18.62% 23.57% 22.53% 18.60%
Augmented Payout Ratio
106.01% 91.77% 98.90% 93.20% 99.19% 90.03% 88.44% 126.44% 142.00% 64.59%

Quarterly Metrics And Ratios for Visa

This table displays calculated financial ratios and metrics derived from Visa's official financial filings.

Metric Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024 Q4 2023 Q3 2023 Q2 2023 Q1 2023 Q4 2022
Period end date 3/31/2025 12/31/2024 9/30/2024 6/30/2024 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023 12/31/2022 9/30/2022
Growth Metrics
- - - - - - - - - - -
Revenue Growth
9.33% 10.15% 11.71% 9.57% 9.89% 8.80% 10.56% 11.66% 11.07% 12.42% 18.72%
EBITDA Growth
5.87% 6.48% 9.95% 14.31% 6.33% 20.88% 17.16% 29.53% 16.02% 6.93% 15.70%
EBIT Growth
0.02% 2.46% 12.53% 16.08% 3.23% 21.80% 15.75% 35.23% 15.91% 1.65% 13.66%
NOPAT Growth
1.01% 6.81% 14.95% 19.05% 5.22% 12.75% 11.96% 9.80% 11.62% 10.69% 14.43%
Net Income Growth
-1.84% 4.68% 13.61% 17.23% 9.54% 17.01% 18.81% 21.84% 16.73% 5.56% 9.93%
EPS Growth
1.31% 7.95% 17.26% 20.00% 12.81% 20.10% 20.86% 25.00% 19.41% 8.74% 13.33%
Operating Cash Flow Growth
3.46% 49.31% -3.80% -11.44% 17.56% -13.35% 17.89% 10.38% 10.63% -1.44% 47.97%
Free Cash Flow Firm Growth
-31.49% -31.15% -68.78% -42.29% -39.30% -20.95% -8.81% 71.89% 143.98% -2.77% 7.58%
Invested Capital Growth
4.84% 5.93% 10.43% 4.91% 1.54% 1.53% -1.51% -3.04% -5.43% -2.92% -4.09%
Revenue Q/Q Growth
0.88% -1.11% 8.06% 1.42% 1.63% 0.29% 5.98% 1.73% 0.62% 1.91% 7.04%
EBITDA Q/Q Growth
-7.90% 0.10% 4.73% 9.65% -7.36% 3.36% 8.88% 2.00% 5.32% 0.17% 20.37%
EBIT Q/Q Growth
-12.32% -2.54% 5.87% 10.55% -10.18% 7.05% 9.22% -1.70% 5.98% 1.73% 27.59%
NOPAT Q/Q Growth
-11.12% -2.86% 9.69% 6.67% -6.02% 4.54% 13.61% -5.72% 0.70% 3.80% 11.42%
Net Income Q/Q Growth
-10.59% -3.74% 9.15% 4.48% -4.64% 4.46% 12.63% -2.37% 1.87% 6.07% 15.51%
EPS Q/Q Growth
-10.08% -2.64% 10.42% 4.80% -4.18% 5.75% 13.00% -1.48% 2.01% 6.42% 16.88%
Operating Cash Flow Q/Q Growth
-12.99% -19.03% 29.80% 13.13% 25.57% -47.83% 19.49% 50.18% -7.46% -29.02% 11.88%
Free Cash Flow Firm Q/Q Growth
-7.87% 82.24% -46.63% -23.55% -7.41% -17.37% -1.34% -19.58% 20.58% -4.68% 85.97%
Invested Capital Q/Q Growth
2.40% 1.43% 0.57% 0.37% 3.46% 5.74% -4.46% -2.85% 3.44% 2.58% -5.96%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
82.73% 80.94% 83.27% 82.33% 81.73% 82.87% 82.60% 81.77% 81.03% 83.15% 82.59%
EBITDA Margin
100.43% 110.00% 108.67% 112.12% 103.72% 113.78% 110.41% 107.47% 107.19% 102.41% 104.19%
Operating Margin
56.65% 65.55% 66.02% 66.72% 61.01% 68.96% 64.47% 61.85% 66.83% 64.14% 65.33%
EBIT Margin
58.33% 67.11% 68.09% 69.49% 63.76% 72.15% 67.59% 65.59% 67.88% 64.44% 64.56%
Profit (Net Income) Margin
47.71% 53.83% 55.30% 54.74% 53.14% 56.64% 54.37% 51.16% 53.31% 52.66% 50.60%
Tax Burden Percent
84.17% 82.56% 83.46% 81.35% 84.58% 80.93% 83.06% 80.76% 80.66% 83.97% 80.94%
Interest Burden Percent
97.18% 97.15% 97.31% 96.83% 98.53% 97.00% 96.86% 96.58% 97.38% 97.32% 96.84%
Effective Tax Rate
15.83% 17.44% 16.54% 18.65% 15.42% 19.07% 16.94% 19.24% 19.34% 16.03% 19.06%
Return on Invested Capital (ROIC)
45.24% 51.70% 53.17% 49.95% 45.87% 50.13% 49.04% 42.27% 42.58% 43.46% 42.24%
ROIC Less NNEP Spread (ROIC-NNEP)
45.89% 57.42% 52.05% 47.00% 33.75% 44.17% 44.29% 67.83% 40.17% 32.27% -127.38%
Return on Net Nonoperating Assets (RNNOA)
0.45% -0.72% -2.28% -1.68% -0.95% -1.38% -1.79% 0.70% 2.09% 0.75% -0.36%
Return on Equity (ROE)
45.70% 50.98% 50.89% 48.26% 44.92% 48.75% 47.25% 42.97% 44.67% 44.21% 41.87%
Cash Return on Invested Capital (CROIC)
45.34% 45.66% 42.41% 44.73% 45.37% 46.39% 49.88% 47.62% 47.34% 45.57% 46.46%
Operating Return on Assets (OROA)
23.69% 26.95% 26.44% 26.92% 24.30% 27.22% 25.08% 23.91% 24.95% 23.25% 22.47%
Return on Assets (ROA)
19.38% 21.61% 21.48% 21.21% 20.25% 21.37% 20.18% 18.65% 19.60% 19.00% 17.61%
Return on Common Equity (ROCE)
44.25% 49.34% 49.11% 46.29% 42.94% 46.46% 44.69% 40.29% 41.75% 41.20% 38.78%
Return on Equity Simple (ROE_SIMPLE)
52.29% 52.15% 0.00% 48.09% 45.42% 45.26% 0.00% 42.41% 40.94% 41.10% 0.00%
Net Operating Profit after Tax (NOPAT)
4,574 5,147 5,299 4,831 4,529 4,819 4,610 4,057 4,304 4,274 4,117
NOPAT Margin
47.68% 54.12% 55.10% 54.28% 51.61% 55.81% 53.54% 49.95% 53.90% 53.85% 52.87%
Net Nonoperating Expense Percent (NNEP)
-0.65% -5.72% 1.12% 2.94% 12.12% 5.96% 4.75% -25.56% 2.41% 11.19% 169.62%
Return On Investment Capital (ROIC_SIMPLE)
7.78% 8.74% - - - 7.97% - - - - -
Cost of Revenue to Revenue
17.27% 19.06% 16.73% 17.67% 18.27% 17.13% 17.40% 18.23% 18.97% 16.85% 17.41%
SG&A Expenses to Revenue
8.51% 8.74% 8.57% 8.25% 9.13% 7.55% 9.08% 7.74% 7.40% 7.67% 8.81%
R&D to Revenue
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue
26.08% 15.38% 17.25% 15.61% 20.72% 13.91% 18.13% 19.92% 14.20% 19.01% 17.26%
Earnings before Interest and Taxes (EBIT)
5,596 6,382 6,548 6,185 5,595 6,229 5,819 5,328 5,420 5,114 5,027
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
9,635 10,461 10,451 9,979 9,101 9,824 9,505 8,730 8,559 8,127 8,113
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
17.53 15.75 13.12 12.51 13.13 12.62 11.45 11.84 11.42 11.05 9.90
Price to Tangible Book Value (P/TBV)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Price to Revenue (P/Rev)
17.31 16.00 13.92 13.72 14.95 14.42 12.99 13.84 13.52 12.79 11.23
Price to Earnings (P/E)
32.74 29.48 25.33 25.07 27.76 26.75 24.55 26.65 26.54 25.43 22.01
Dividend Yield
0.63% 0.68% 0.76% 0.77% 0.70% 0.72% 0.99% 0.92% 0.94% 0.99% 0.86%
Earnings Yield
3.05% 3.39% 3.95% 3.99% 3.60% 3.74% 4.07% 3.75% 3.77% 3.93% 4.54%
Enterprise Value to Invested Capital (EV/IC)
16.13 14.91 12.83 12.35 13.19 12.84 11.94 11.89 11.03 10.53 9.24
Enterprise Value to Revenue (EV/Rev)
17.40 16.06 13.95 13.74 14.95 14.40 12.94 13.84 13.57 12.85 11.32
Enterprise Value to EBITDA (EV/EBITDA)
16.15 14.78 12.73 12.49 13.73 13.12 12.10 13.14 13.33 12.78 11.12
Enterprise Value to EBIT (EV/EBIT)
26.49 23.92 20.41 20.14 22.22 21.07 19.48 21.08 21.56 20.68 17.77
Enterprise Value to NOPAT (EV/NOPAT)
32.98 29.84 25.73 25.54 28.33 27.00 24.50 26.29 25.67 24.34 21.39
Enterprise Value to Operating Cash Flow (EV/OCF)
29.90 27.20 25.12 23.74 24.45 23.78 20.35 22.35 21.94 20.65 17.60
Enterprise Value to Free Cash Flow (EV/FCFF)
36.41 33.60 31.74 28.27 29.29 27.88 23.75 24.59 22.65 22.76 19.47
Leverage & Solvency
- - - - - - - - - - -
Debt to Equity
0.55 0.54 0.53 0.52 0.51 0.52 0.53 0.53 0.53 0.55 0.63
Long-Term Debt to Equity
0.44 0.44 0.53 0.52 0.51 0.52 0.53 0.53 0.53 0.55 0.57
Financial Leverage
0.01 -0.01 -0.04 -0.04 -0.03 -0.03 -0.04 0.01 0.05 0.02 0.00
Leverage Ratio
2.36 2.35 2.38 2.29 2.27 2.31 2.37 2.35 2.26 2.29 2.30
Compound Leverage Factor
2.29 2.28 2.31 2.22 2.23 2.24 2.29 2.27 2.20 2.23 2.23
Debt to Total Capital
35.31% 34.99% 34.74% 34.15% 33.73% 34.26% 34.57% 34.53% 34.82% 35.68% 38.69%
Short-Term Debt to Total Capital
6.72% 6.67% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.88%
Long-Term Debt to Total Capital
28.60% 28.32% 34.74% 34.15% 33.73% 34.26% 34.57% 34.53% 34.82% 35.68% 34.81%
Preferred Equity to Total Capital
1.50% 1.53% 1.72% 2.36% 2.62% 2.67% 2.87% 3.00% 3.19% 3.45% 4.00%
Noncontrolling Interests to Total Capital
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital
63.19% 63.48% 63.54% 63.49% 63.65% 63.07% 62.56% 62.47% 61.99% 60.86% 57.31%
Debt to EBITDA
0.51 0.52 0.53 0.54 0.55 0.57 0.59 0.61 0.65 0.67 0.75
Net Debt to EBITDA
0.06 0.04 0.00 -0.02 -0.05 -0.06 -0.10 -0.06 -0.01 0.00 0.01
Long-Term Debt to EBITDA
0.41 0.42 0.53 0.54 0.55 0.57 0.59 0.61 0.65 0.67 0.68
Debt to NOPAT
1.05 1.04 1.07 1.10 1.14 1.16 1.19 1.23 1.26 1.29 1.45
Net Debt to NOPAT
0.13 0.07 0.00 -0.04 -0.10 -0.13 -0.19 -0.12 -0.03 0.00 0.02
Long-Term Debt to NOPAT
0.85 0.84 1.07 1.10 1.14 1.16 1.19 1.23 1.26 1.29 1.30
Altman Z-Score
8.01 7.53 6.38 6.61 6.88 6.59 5.91 6.24 6.20 5.72 4.89
Noncontrolling Interest Sharing Ratio
3.16% 3.23% 3.50% 4.08% 4.41% 4.69% 5.41% 6.23% 6.53% 6.81% 7.39%
Liquidity Ratios
- - - - - - - - - - -
Current Ratio
1.08 1.12 1.28 1.37 1.40 1.45 1.45 1.49 1.50 1.44 1.45
Quick Ratio
0.66 0.70 0.80 1.00 1.00 1.07 1.10 1.13 0.98 0.94 1.10
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
2,699 2,930 1,608 3,013 3,941 4,256 5,151 5,220 6,492 5,384 5,648
Operating Cash Flow to CapEx
1,435.78% 1,564.06% 2,156.63% 1,283.50% 1,614.95% 1,353.56% 2,271.15% 1,965.08% 1,838.10% 1,675.10% 1,991.86%
Free Cash Flow to Firm to Interest Expense
17.09 16.10 9.14 15.37 48.06 22.76 28.15 28.68 45.72 39.30 35.52
Operating Cash Flow to Interest Expense
29.72 29.65 37.86 26.19 55.34 19.33 37.85 31.85 27.18 30.45 36.96
Operating Cash Flow Less CapEx to Interest Expense
27.65 27.75 36.11 24.15 51.91 17.90 36.19 30.23 25.70 28.63 35.10
Efficiency Ratios
- - - - - - - - - - -
Asset Turnover
0.41 0.40 0.39 0.39 0.38 0.38 0.37 0.36 0.37 0.36 0.35
Accounts Receivable Turnover
15.08 14.44 14.81 14.54 15.54 14.44 15.15 14.79 14.56 14.10 14.70
Inventory Turnover
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover
9.83 9.89 9.91 9.79 9.77 9.94 9.82 9.77 9.56 9.83 9.87
Accounts Payable Turnover
17.53 17.52 14.67 20.11 19.61 19.71 16.31 22.35 23.77 20.40 16.47
Days Sales Outstanding (DSO)
24.21 25.27 24.65 25.10 23.49 25.28 24.09 24.67 25.08 25.88 24.83
Days Inventory Outstanding (DIO)
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)
20.82 20.83 24.88 18.15 18.61 18.52 22.38 16.33 15.36 17.89 22.16
Cash Conversion Cycle (CCC)
3.39 4.44 -0.23 6.95 4.88 6.76 1.72 8.34 9.72 7.99 2.67
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
40,584 39,632 39,074 38,854 38,709 37,415 35,383 37,036 38,121 36,852 35,924
Invested Capital Turnover
0.95 0.96 0.97 0.92 0.89 0.90 0.92 0.85 0.79 0.81 0.80
Increase / (Decrease) in Invested Capital
1,875 2,217 3,691 1,818 588 563 -541 -1,163 -2,188 -1,110 -1,531
Enterprise Value (EV)
654,572 591,053 501,150 479,831 510,389 480,350 422,439 440,413 420,436 387,928 331,823
Market Capitalization
651,077 588,743 500,092 479,081 510,563 481,053 424,091 440,572 418,995 386,019 329,156
Book Value per Share
$20.00 $20.07 $20.91 $20.94 $21.17 $24.06 $19.89 $19.86 $19.51 $18.55 $17.59
Tangible Book Value per Share
($4.79) ($4.32) ($4.24) ($3.69) ($3.45) ($4.26) ($3.80) ($3.98) ($4.24) ($4.98) ($5.08)
Total Capital
58,792 58,905 59,973 60,331 61,088 60,436 59,196 59,541 59,171 57,411 58,031
Total Debt
20,762 20,609 20,836 20,602 20,603 20,703 20,463 20,560 20,606 20,487 22,450
Total Long-Term Debt
16,814 16,680 20,836 20,602 20,603 20,703 20,463 20,560 20,606 20,487 20,200
Net Debt
2,615 1,406 27 -675 -1,776 -2,318 -3,350 -1,945 -444 -72 343
Capital Expenditures (CapEx)
327 345 309 400 281 267 305 295 210 249 295
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-10,176 -9,986 -10,748 -9,813 -9,955 -10,114 -11,458 -9,943 -8,650 -9,318 -8,369
Debt-free Net Working Capital (DFNWC)
6,501 7,460 7,516 8,427 9,332 10,098 10,434 10,440 9,560 8,506 11,602
Net Working Capital (NWC)
2,553 3,531 7,516 8,427 9,332 10,098 10,434 10,440 9,560 8,506 9,352
Net Nonoperating Expense (NNE)
-2.53 28 -19 -41 -134 -71 -71 -99 47 95 177
Net Nonoperating Obligations (NNO)
2,554 1,336 -63 -875 -1,776 -2,318 -3,350 -1,945 -444 -72 343
Total Depreciation and Amortization (D&A)
4,039 4,079 3,903 3,794 3,506 3,595 3,686 3,402 3,139 3,013 3,086
Debt-free, Cash-free Net Working Capital to Revenue
-27.05% -27.13% -29.92% -28.10% -29.16% -30.33% -35.09% -31.24% -27.92% -30.87% -28.55%
Debt-free Net Working Capital to Revenue
17.28% 20.27% 20.92% 24.13% 27.33% 30.28% 31.95% 32.80% 30.86% 28.18% 39.58%
Net Working Capital to Revenue
6.79% 9.59% 20.92% 24.13% 27.33% 30.28% 31.95% 32.80% 30.86% 28.18% 31.91%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$2.32 $2.58 $2.66 $2.40 $2.29 $2.39 $2.26 $2.00 $2.04 $1.99 $1.87
Adjusted Weighted Average Basic Shares Outstanding
1.72B 1.73B 1.62B 1.61B 1.58B 1.58B 1.62B 1.61B 1.62B 1.63B 1.65B
Adjusted Diluted Earnings per Share
$2.32 $2.58 $2.65 $2.40 $2.29 $2.39 $2.26 $2.00 $2.03 $1.99 $1.87
Adjusted Weighted Average Diluted Shares Outstanding
1.97B 1.99B 2.03B 2.03B 2.04B 2.05B 2.09B 2.08B 2.09B 2.10B 2.14B
Adjusted Basic & Diluted Earnings per Share
$0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding
1.85B 1.86B 1.86B 1.82B 1.83B 1.84B 1.84B 1.86B 1.87B 1.88B 1.88B
Normalized Net Operating Profit after Tax (NOPAT)
5,416 5,183 5,307 4,841 4,892 4,826 4,717 4,427 4,304 4,560 4,120
Normalized NOPAT Margin
56.45% 54.50% 55.19% 54.39% 55.75% 55.90% 54.79% 54.49% 53.90% 57.46% 52.90%
Pre Tax Income Margin
56.68% 65.19% 66.26% 67.29% 62.83% 69.98% 65.47% 63.35% 66.10% 62.71% 62.51%
Debt Service Ratios
- - - - - - - - - - -
EBIT to Interest Expense
35.42 35.07 37.20 31.56 68.23 33.31 31.80 29.27 38.17 37.33 31.62
NOPAT to Interest Expense
28.95 28.28 30.11 24.65 55.23 25.77 25.19 22.29 30.31 31.20 25.89
EBIT Less CapEx to Interest Expense
33.35 33.17 35.45 29.52 64.80 31.88 30.13 27.65 36.69 35.51 29.76
NOPAT Less CapEx to Interest Expense
26.88 26.39 28.35 22.60 51.80 24.34 23.52 20.67 28.83 29.38 24.04
Payout Ratios
- - - - - - - - - - -
Dividend Payout Ratio
22.28% 21.67% 21.36% 21.48% 21.67% 21.50% 21.72% 21.88% 22.03% 22.00% 21.41%
Augmented Payout Ratio
117.74% 107.51% 106.01% 97.98% 93.07% 91.37% 91.77% 85.11% 84.39% 91.84% 98.90%

Frequently Asked Questions About Visa's Financials

When does Visa's financial year end?

According to the most recent income statement we have on file, Visa's fiscal year ends in September. Their fiscal year 2024 ended on September 30, 2024.

How has Visa's net income changed over the last 9 years?

Visa's net income appears to be on an upward trend, with a most recent value of $19.74 billion in 2024, rising from $6.33 billion in 2015. The previous period was $17.27 billion in 2023. See Visa's forecast for analyst expectations on what’s next for the company.

What is Visa's operating income?
Visa's total operating income in 2024 was $23.60 billion, based on the following breakdown:
  • Total Gross Profit: $29.66 billion
  • Total Operating Expenses: $6.07 billion
How has Visa revenue changed over the last 9 years?

Over the last 9 years, Visa's total revenue changed from $13.88 billion in 2015 to $35.93 billion in 2024, a change of 158.8%.

How much debt does Visa have?

Visa's total liabilities were at $55.37 billion at the end of 2024, a 7.0% increase from 2023, and a 481.4% increase since 2015.

How much cash does Visa have?

In the past 9 years, Visa's cash and equivalents has ranged from $3.52 billion in 2015 to $16.49 billion in 2021, and is currently $11.98 billion as of their latest financial filing in 2024.

How has Visa's book value per share changed over the last 9 years?

Over the last 9 years, Visa's book value per share changed from 13.47 in 2015 to 20.91 in 2024, a change of 55.3%.



This page (NYSE:V) was last updated on 5/29/2025 by MarketBeat.com Staff
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