Visa Inc. (V) income statement
NYSE · Financial Services · Financial - Credit Services · 34,100 employees · CEO Ryan McInerney
- Price
- $413.59 +0.74%
- Market cap
- $773B
- Enterprise value
- $782B
- Last report
- Q4 '26 filed 2026-10-27
- Next report
- 2027-01-28 EPS est. $3.63
Visa Inc. (V) reported revenue of $12.1B for Q4 '26 (+13.2% year on year), operating income of $7.26B (59.8% of revenue) and net income of $6B. Over the last four quarters revenue was $45.9B.
Income statement
| Income statement | Trend | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.63B | $8.78B | $8.9B | $9.62B | $9.51B | $9.59B | $10.2B | $10.7B | $10.9B | $11.2B | $11.6B | $12.1B | |
| Cost of revenue | $1.66B | $1.79B | $1.77B | $1.82B | $2.02B | $1.88B | $1.97B | $1.98B | $2B | $2.1B | $2.74B | $2.16B | |
| Gross profit | $6.97B | $6.98B | $7.13B | $7.8B | $7.49B | $7.71B | $8.2B | $8.74B | $8.9B | $9.13B | $8.9B | $9.98B | |
| Sales & marketing | $293M | $338M | $378M | $551M | $306M | $381M | $421M | $576M | $410M | $545M | $649M | $711M | |
| General & administrative | $471M | $612M | $534M | $616M | $624M | $592M | $669M | $800M | $723M | $688M | $749M | $2B | |
| Other operating expenses | $256M | $679M | $277M | $284M | $326M | $1.31B | $932M | $1.22B | $1.03B | $662M | $620M | $0 | |
| Operating expenses | $1.02B | $1.63B | $1.19B | $1.45B | $1.26B | $2.28B | $2.02B | $2.6B | $2.17B | $1.9B | $2.02B | $2.71B | |
| Operating income | $5.95B | $5.35B | $5.94B | $6.35B | $6.23B | $5.44B | $6.18B | $6.15B | $6.74B | $7.23B | $6.88B | $7.26B | |
| Interest income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $150M | $0 | |
| Interest expense | $187M | $82M | $196M | $176M | $182M | $158M | $39M | $210M | $194M | $566M | $194M | $192M | |
| Other non-operating income (gains on investments, FX ...) | -$275M | -$241M | -$247M | -$199M | -$148M | -$161M | -$195M | -$285M | -$183M | -$329M | $37M | -$290M | |
| Total non-operating income | $88M | $159M | $51M | $23M | -$34M | $3M | $156M | $75M | -$11M | -$60M | -$44M | $98M | |
| Income before tax | $6.04B | $5.51B | $5.99B | $6.37B | $6.2B | $5.44B | $6.33B | $6.22B | $6.73B | $7.17B | $6.83B | $7.36B | |
| Income tax | $1.15B | $850M | $1.12B | $1.05B | $1.08B | $861M | $1.06B | $1.13B | $873M | $1.15B | $1.21B | $1.36B | |
| Net income | $4.89B | $4.66B | $4.87B | $5.32B | $5.12B | $4.58B | $5.27B | $5.09B | $5.85B | $6.02B | $5.63B | $6B | |
| EPS (basic) | $2.39 | $2.29 | $2.40 | $2.66 | $2.58 | $2.32 | $2.69 | $2.62 | $3.03 | $3.15 | $2.97 | $3.29 | |
| EPS (diluted) | $2.39 | $2.29 | $2.40 | $2.65 | $2.58 | $2.32 | $2.69 | $2.62 | $3.03 | $3.14 | $2.97 | $3.19 | |
| Shares (basic, weighted) | 2.05B | 2.04B | 2.03B | 2B | 1.99B | 1.95B | 1.94B | 1.92B | 1.91B | 1.91B | 1.91B | 1.72B | |
| Shares (diluted, weighted) | 2.05B | 2.04B | 2.03B | 2B | 1.99B | 1.97B | 1.96B | 1.95B | 1.93B | 1.93B | 1.93B | 1.88B | |
| Depreciation & amortization | $247M | $249M | $264M | $274M | $282M | $305M | $317M | $316M | $326M | $333M | $367M | $377M | |
| EBITDA | $6.48B | $5.84B | $6.45B | $6.82B | $6.66B | $5.9B | $6.69B | $6.75B | $7.25B | $7.9B | $7.21B | $7.93B |
| Income statement | Trend | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $18.4B | $20.6B | $23B | $21.8B | $24.1B | $29.3B | $32.7B | $35.9B | $40B | $45.9B | |
| Cost of revenue | $3.25B | $3.86B | $4.17B | $4.51B | $4.97B | $5.73B | $6.57B | $7.04B | $7.86B | $9B | |
| Gross profit | $15.1B | $16.8B | $18.8B | $17.3B | $19.1B | $23.6B | $26.1B | $28.9B | $32.1B | $36.9B | |
| Sales & marketing | $922M | $988M | $1.11B | $971M | $1.14B | $1.34B | $1.34B | $1.56B | $1.68B | $2.32B | |
| General & administrative | $1.47B | $1.59B | $1.65B | $1.5B | $1.39B | $1.7B | $1.88B | $2.23B | $2.69B | $6.48B | |
| Other operating expenses | $575M | $1.22B | $1.06B | $778M | $807M | $1.73B | $1.87B | $1.5B | $3.78B | $0 | |
| Operating expenses | $2.97B | $3.8B | $3.81B | $3.25B | $3.33B | $4.76B | $5.09B | $5.29B | $8.15B | $8.79B | |
| Operating income | $12.1B | $13B | $15B | $14.1B | $15.8B | $18.8B | $21B | $23.6B | $24B | $28.1B | |
| Interest expense | $563M | $612M | $533M | $516M | $513M | $538M | $644M | $641M | $589M | $758M | |
| Other non-operating income (gains on investments, FX ...) | -$19M | -$464M | -$416M | -$225M | -$772M | $139M | -$681M | -$962M | -$789M | -$741M | |
| Total non-operating income | -$450M | -$148M | -$117M | -$291M | $259M | -$677M | $37M | $321M | $200M | -$17M | |
| Income before tax | $11.7B | $12.8B | $14.9B | $13.8B | $16.1B | $18.1B | $21B | $23.9B | $24.2B | $28.1B | |
| Income tax | $5B | $2.51B | $2.8B | $2.92B | $3.75B | $3.18B | $3.76B | $4.17B | $4.14B | $4.59B | |
| Net income | $6.7B | $10.3B | $12.1B | $10.9B | $12.3B | $15B | $17.3B | $19.7B | $20.1B | $23.5B | |
| EPS (basic) | $2.80 | $4.43 | $5.32 | $4.90 | $5.63 | $7.01 | $8.29 | $9.74 | $10.22 | $12.44 | |
| EPS (diluted) | $2.80 | $4.42 | $5.32 | $4.89 | $5.63 | $7.00 | $8.28 | $9.73 | $10.20 | $12.32 | |
| Shares (basic, weighted) | 2.31B | 2.24B | 2.19B | 2.14B | 2.13B | 2.14B | 2.09B | 2B | 1.94B | 1.69B | |
| Shares (diluted, weighted) | 2.4B | 2.33B | 2.27B | 2.22B | 2.19B | 2.14B | 2.09B | 2.03B | 1.97B | 1.91B | |
| Depreciation & amortization | $556M | $613M | $656M | $767M | $804M | $861M | $943M | $1.03B | $1.22B | $1.4B | |
| EBITDA | $12.7B | $14B | $16.1B | $15.1B | $17.4B | $19.5B | $22.6B | $25.6B | $26B | $30.3B |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-Q 2025-12-31, 10-K 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-Q 2024-12-31, 10-K 2024-09-30, 10-Q 2024-06-30
Data as of 2026-11-01