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NYSE · Financials

VISA INC. (V)

As-reported financials and recent SEC filings for VISA INC., latest fiscal period FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About VISA INC.

Visa Inc. provides digital payment processing services that facilitate secure and efficient money movement among consumers, financial institutions, merchants, governments, and other organizations worldwide. Its main products include Visa-branded credit, debit, prepaid, and cash access programs used by nearly 14,500 financial institutions and accepted at over 175 million merchant locations in more than 200 countries and territories. Visa operates a global transaction processing network called VisaNet and offers value-added services such as risk management, fraud detection, and advisory solutions to support its clients.

Snapshot

Revenue
$40.00B
Revenue growth (YoY)
11.3%
Net income
$20.06B
Diluted EPS
Gross margin
Operating margin
60.0%
Net margin
50.1%
FCF margin
53.9%
ROE
52.9%
P/E (TTM)
31.7×
Market cap
Debt / equity
0.5×

Fundamentals are from SEC filings. P/E and market cap are derived from recent market prices, refreshed on a rolling basis (typically within the past week).

What changed at Visa

  • Revenue grew 11.3% to $40.0B in FY2025, in line with the 10.0% the year before.
  • Operating margin is 60.0% in FY2025, -5.6 pp against 65.6% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $11.2B, up 17.1% from Q2 FY2025.
  • Free cash flow was $21.6B in FY2025, 53.9% of revenue.
  • Net income rose 1.6% to $20.1B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Visa’s fundamentals sit among the 424 Financials companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Operating margin60.0%
98th percentile of 147
Net margin50.1%
97th percentile of 378
FCF margin53.9%
91st percentile of 273
Revenue growth (YoY)+11.3%
54th percentile of 420
ROE52.9%
99th percentile of 375
P/E (TTM)31.7×
88th percentile of 316
Debt / equity0.52×
62nd percentile of 193
Short interest2.66d
23rd percentile of 419

Visa’s return on equity of 52.9% ranks in the 99th percentile of the 375 Financials companies reporting it. Visa’s operating margin of 60.0% ranks in the 98th percentile of the 147 Financials companies reporting it. Visa’s net margin of 50.1% ranks in the 97th percentile of the 378 Financials companies reporting it.

No open-market insider buys in the last 90 days; 6 insider sales totaling $25.6M. For context, about 16% of companies in the universe saw any open-market insider buying in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 17 of the superinvestors we track (plus 7 quant / multi-strat books), based on each investor’s most recent 13F (latest Q1 2026).

Conviction investors
17
+7 quant / multi-strat
Initiated / added
12
2 new, 10 added
Reduced / exited
11
10 trimmed, 1 exited
Combined position
$8.08B
reported long value
InvestorAs ofPosition valueSharesChange
Viking Global InvestorsQ1 2026$1.91B6.3MAdded
Sands Capital ManagementQ1 2026$837.3M2.8MReduced
Polen Capital ManagementQ1 2026$739.2M2.4MReduced
ValueAct CapitalQ1 2026$700.1M2.3MAdded
D. E. ShawquantQ1 2026$692.1M2.3MAdded
Akre Capital ManagementQ1 2026$495.3M1.6MReduced
AQR Capital ManagementquantQ1 2026$398.4M1.3MAdded
Markel GroupQ1 2026$303.5M1.0MAdded
Maverick CapitalQ1 2026$243.9M807.0KAdded
Point72 Asset ManagementquantQ1 2026$229.4M759.1KAdded
Coatue ManagementQ1 2026$217.2M718.8KNew
Harris Associates (Oakmark)Q1 2026$216.8M717.3KReduced
Baupost GroupQ1 2026$212.0M701.4KNew
Renaissance TechnologiesquantQ1 2026$204.5M676.8KAdded
Citadel AdvisorsquantQ1 2026$194.1M642.3KReduced
Millennium ManagementquantQ1 2026$151.1M499.8KReduced
Giverny CapitalQ1 2026$119.8M396.4KReduced
Two Sigma InvestmentsquantQ1 2026$111.7M369.7KReduced
Gotham Asset ManagementQ1 2026$44.2M146.3KAdded
Lone Pine CapitalQ1 2026$28.0M92.8KAdded
Wedgewood PartnersQ1 2026$25.1M83.0KReduced
Bridgewater AssociatesQ1 2026$7.6M25.2KReduced
Dodge & CoxQ1 2026$259,624859Held
Yacktman Asset ManagementQ1 2026$221,240732Held

No longer held by: Berkshire Hathaway (as of Q1 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
open-market
Bought (90d)
open-market value
Sells (90d)
6
$25.6M
Signal
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-07-02
filed 2026-07-06
ROTTENBERG JULIE BGENERAL COUNSELSell2.0K$360.00$730K
2026-07-01
filed 2026-07-02
MCINERNEY RYANChief Executive OfficerSell8.9K$343.88$3.0M
2026-07-01
filed 2026-07-02
MCINERNEY RYANChief Executive OfficerSell1.6K$344.55$564K
2026-06-29
filed 2026-06-30
MCINERNEY RYANChief Executive OfficerSell21.0K$340.25$7.1M
2026-05-12
filed 2026-05-13
Suh ChrisCHIEF FINANCIAL OFFICERSell10.6K$324.81$3.5M
2026-04-29
filed 2026-04-30
MCINERNEY RYANChief Executive OfficerSell31.5K$340.14$10.7M

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
23.6M
settled 2026-07-15
Change vs prior
+14.1%
vs previous settlement
Days to cover
2.66
at avg daily volume
Avg daily volume
8.9M
FINRA reported
SettlementShares shortChangeDays to cover
2026-07-1523.6M+14.1%2.66
2026-06-3020.7M-2.8%1.90
2026-06-1521.3M-0.4%2.95
2026-05-2921.4M-17.3%2.44
2026-05-1525.8M+11.6%3.77
2026-04-3023.1M-1.3%2.90
2026-04-1523.4M-0.2%4.18
2026-03-3123.5M-11.9%2.86

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$40.00B$35.93B$32.65B$29.31B$24.11B
Gross profit
Operating income$23.99B$23.59B$21.00B$18.81B$15.80B
Net income$20.06B$19.74B$17.27B$14.96B$12.31B
Diluted EPS

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$23.06B$19.95B$20.75B$18.85B$15.23B
Capital expenditure$1.48B$1.26B$1.06B$970.0M$705.0M
Free cash flow$21.58B$18.69B$19.70B$17.88B$14.52B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full methodology.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$11.23B17.1%$6.02B
Q1 FY2026$10.90B14.6%$5.85B
Q4 FY2025$10.72B11.5%$5.09B
Q3 FY2025$10.17B14.3%$5.27B
Q2 FY2025$9.59B9.3%$4.58B
Q1 FY2025$9.51B10.1%$5.12B
Q4 FY2024$9.62B11.7%$5.32B
Q3 FY2024$8.90B9.6%$4.87B

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorFinancials
SIC industryServices-Business Services, NEC
Fiscal year endSeptember 30
Latest fiscal periodFY2025
SEC filings since2014
SEC CIK1403161

Recent SEC filings

10-K2025-11-06
View on EDGAR →
10-K2024-11-13
View on EDGAR →
10-Q2026-04-29
View on EDGAR →
10-Q2026-01-30
View on EDGAR →
10-Q2025-07-30
View on EDGAR →
10-Q2025-04-30
View on EDGAR →
8-K2026-07-28
View on EDGAR →
8-K2026-07-15
View on EDGAR →

Largest Financials peers

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Data sourced from SEC EDGAR (public domain). Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.