Visa Inc. (V) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Cost of Goods Sold | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| COGS % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | 9.13B | 8.9B | 8.74B | 8.2B | 7.71B | 7.49B | 7.8B | 7.13B | 6.98B | 6.97B | 6.91B | 6.46B | 6.29B | 6.42B | 6.25B | 5.81B | 5.77B | 5.74B | 5.32B | 4.85B |
| Gross Margin % | 81.29% | 81.68% | 81.53% | 80.6% | 80.39% | 78.76% | 81.11% | 80.08% | 79.58% | 80.77% | 80.31% | 79.53% | 78.79% | 80.91% | 80.21% | 79.92% | 80.3% | 81.37% | 81.11% | 79.05% |
| Gross Profit Growth % | 18.36% | 18.88% | 12.09% | 15.04% | 10.45% | 7.4% | 12.81% | 10.33% | 11% | 8.61% | 10.69% | 11.11% | 8.97% | 11.79% | 17.41% | 19.98% | 30.14% | 26.72% | 33.4% | 30.13% |
| Operating Expenses | 1.9B | 2.17B | 2.6B | 2.02B | 2.28B | 1.26B | 1.45B | 1.19B | 1.63B | 1.02B | 1.36B | 1.44B | 955M | 1.33B | 1.16B | 1.67B | 971M | 968M | 1B | 782M |
| OpEx % of Revenue | 16.87% | 19.88% | 24.2% | 19.88% | 23.74% | 13.21% | 15.09% | 13.36% | 18.56% | 11.81% | 15.84% | 17.68% | 11.96% | 16.77% | 14.88% | 22.9% | 13.51% | 13.71% | 15.32% | 12.76% |
| Selling, General & Admin | 1.23B | 1.13B | 1.38B | 1.09B | 973M | 930M | 1.17B | 912M | 950M | 764M | 988M | 744M | 721M | 763M | 930M | 719M | 764M | 622M | 802M | 580M |
| SG&A % of Revenue | 10.98% | 10.39% | 12.83% | 10.72% | 10.14% | 9.78% | 12.13% | 10.25% | 10.83% | 8.85% | 11.48% | 9.16% | 9.03% | 9.61% | 11.94% | 9.88% | 10.63% | 8.81% | 12.23% | 9.46% |
| Research & Development | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| R&D % of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 7.23B | 6.74B | 6.15B | 6.18B | 5.43B | 6.23B | 6.35B | 5.94B | 5.35B | 5.95B | 5.55B | 5.02B | 5.34B | 5.09B | 5.09B | 4.15B | 4.8B | 4.78B | 4.32B | 4.06B |
| Operating Margin % | 64.42% | 61.8% | 57.33% | 60.73% | 56.65% | 65.55% | 66.02% | 66.72% | 61.01% | 68.96% | 64.47% | 61.85% | 66.83% | 64.14% | 65.33% | 57.02% | 66.8% | 67.66% | 65.79% | 66.3% |
| Operating Income Growth % | 33.1% | 8.07% | -3.17% | 4.02% | 1.51% | 4.7% | 14.4% | 18.19% | 0.34% | 16.97% | 9.1% | 21.12% | 11.12% | 6.57% | 17.89% | 2.07% | 34.1% | 24.25% | 37.33% | 35.51% |
| EBITDA | 7.57B | 7.06B | 6.46B | 6.49B | 5.74B | 6.52B | 6.62B | 6.2B | 5.6B | 6.2B | 5.8B | 5.26B | 5.57B | 5.32B | 5.31B | 4.38B | 5.01B | 4.97B | 4.52B | 4.27B |
| EBITDA Margin % | 67.38% | 64.79% | 60.28% | 63.84% | 59.83% | 68.52% | 68.87% | 69.69% | 63.85% | 71.82% | 67.34% | 64.74% | 69.76% | 67% | 68.23% | 60.18% | 69.68% | 70.46% | 68.87% | 69.62% |
| EBITDA Growth % | 31.83% | 8.39% | -2.4% | 4.71% | 2.45% | 5.08% | 14.25% | 17.93% | 0.59% | 16.63% | 9.11% | 20.12% | 11.2% | 6.9% | 17.62% | 2.58% | 32.44% | 23.09% | 35.32% | 33.54% |
| D&A (Non-Cash Add-back) | 333M | 326M | 316M | 317M | 305M | 282M | 274M | 264M | 249M | 247M | 247M | 235M | 234M | 227M | 226M | 230M | 207M | 198M | 202M | 204M |
| EBIT | 7.23B | 6.92B | 6.43B | 6.37B | 5.6B | 6.38B | 6.55B | 6.18B | 5.59B | 6.23B | 5.82B | 5.33B | 5.42B | 5.11B | 5.03B | 3.94B | 4.68B | 5.03B | 4.42B | 4.52B |
| Net Interest Income | -566M | -194M | -210M | -39M | -158M | -182M | -176M | -196M | -82M | -187M | -183M | -182M | -142M | -137M | -159M | -111M | -134M | -134M | -125M | -131M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 566M | 194M | 210M | 39M | 158M | 182M | 176M | 196M | 82M | 187M | 183M | 182M | 142M | 137M | 159M | 111M | 134M | 134M | 125M | 131M |
| Other Income/Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | 7.17B | 6.73B | 6.22B | 6.33B | 5.44B | 6.2B | 6.37B | 5.99B | 5.51B | 6.04B | 5.64B | 5.15B | 5.28B | 4.98B | 4.87B | 3.83B | 4.54B | 4.9B | 4.3B | 4.39B |
| Pretax Margin % | 63.88% | 61.7% | 58.03% | 62.26% | 56.68% | 65.19% | 66.26% | 67.29% | 62.83% | 69.98% | 65.47% | 63.35% | 66.1% | 62.71% | 62.51% | 52.63% | 63.18% | 69.37% | 65.53% | 71.6% |
| Income Tax | 1.15B | 873M | 1.13B | 1.06B | 861M | 1.08B | 1.05B | 1.12B | 850M | 1.15B | 955M | 990M | 1.02B | 798M | 928M | 418M | 895M | 938M | 714M | 1.81B |
| Effective Tax Rate % | 16.07% | 12.98% | 18.21% | 16.75% | 15.83% | 17.44% | 16.54% | 18.65% | 15.42% | 19.07% | 16.94% | 19.24% | 19.34% | 16.03% | 19.06% | 10.92% | 19.7% | 19.15% | 16.61% | 41.33% |
| Net Income | 6.02B | 5.85B | 5.09B | 5.27B | 4.58B | 5.12B | 5.32B | 4.87B | 4.66B | 4.89B | 4.68B | 4.16B | 4.26B | 4.18B | 3.94B | 3.41B | 3.65B | 3.96B | 3.58B | 2.58B |
| Net Margin % | 53.62% | 53.69% | 47.46% | 51.83% | 47.71% | 53.83% | 55.3% | 54.74% | 53.14% | 56.64% | 54.37% | 51.16% | 53.31% | 52.66% | 50.6% | 46.89% | 50.73% | 56.08% | 54.64% | 42.01% |
| Net Income Growth % | 31.55% | 14.34% | -4.29% | 8.21% | -1.84% | 4.68% | 13.61% | 17.23% | 9.54% | 17.01% | 18.81% | 21.84% | 16.73% | 5.56% | 9.93% | 32.47% | 20.52% | 26.65% | 67.71% | 8.51% |
| Net Income (Continuing) | 6.02B | 5.85B | 5.09B | 5.27B | 4.58B | 5.12B | 5.32B | 4.87B | 4.66B | 4.89B | 4.68B | 4.16B | 4.26B | 4.18B | 3.94B | 3.41B | 3.65B | 3.96B | 3.58B | 2.58B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 3.14 | 3.03 | 2.62 | 2.69 | 2.32 | 2.58 | 2.65 | 2.40 | 2.29 | 2.39 | 2.27 | 2.00 | 2.03 | 1.99 | 1.86 | 1.60 | 1.70 | 1.83 | 1.65 | 1.18 |
| EPS Growth % | 35.34% | 17.44% | -1.13% | 12.08% | 1.31% | 7.95% | 16.74% | 20% | 12.81% | 20.1% | 22.04% | 25% | 19.41% | 8.74% | 12.73% | 35.59% | 23.19% | 28.87% | 70.1% | 10.28% |
| EPS (Basic) | 3.15 | 3.03 | 2.62 | 2.69 | 2.32 | 2.58 | 2.66 | 2.40 | 2.29 | 2.39 | 2.27 | 2.00 | 2.04 | 1.99 | 1.86 | 1.60 | 1.70 | 1.84 | 1.65 | 1.18 |
| Diluted Shares Outstanding | 1.93B | 1.93B | 1.95B | 1.96B | 1.97B | 1.99B | 2B | 2.03B | 2.04B | 2.04B | 2.06B | 2.08B | 2.09B | 2.1B | 2.12B | 2.13B | 2.14B | 2.16B | 2.17B | 2.18B |
| Basic Shares Outstanding | 1.91B | 1.91B | 1.92B | 1.94B | 1.95B | 1.99B | 2B | 2.03B | 2.04B | 2.04B | 2.06B | 2.08B | 2.09B | 2.1B | 2.12B | 1.9B | 2.09B | 2.11B | 2.12B | 2.13B |
| Dividend Payout Ratio | 21.36% | 22.09% | 22.51% | 21.89% | 25.43% | 22.86% | 19.57% | 21.67% | 22.73% | 21.68% | 19.82% | 22.55% | 22.1% | 22.61% | 20.15% | 23.39% | 21.99% | 20.43% | 19.42% | 27.11% |