FN2 Earnings Intelligence
Visa Inc. financials
Visa Inc. (V) financial statements and key operating metrics from FN2 Research.
Key Stats
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 |
|---|---|---|---|---|---|
| Market Cap | - | - | - | - | - |
| - Cash | $16,487 | $15,689 | $16,286 | $11,975 | $17,164 |
| + Debt | - | - | - | - | - |
| Enterprise Value | - | - | - | - | - |
| Revenue | $24,105 | $29,310 | $32,653 | $35,926 | $40,000 |
| % Growth | 10.3% | 21.6% | 11.4% | 10.0% | 11.3% |
| Gross Profit | - | - | - | - | - |
| % Margin | - | - | - | - | - |
| EBITDA | $16,608 | $19,674 | $21,943 | $24,629 | $25,214 |
| % Margin | 68.9% | 67.1% | 67.2% | 68.6% | 63.0% |
| Net Income | $12,311 | $14,957 | $17,273 | $19,743 | $20,058 |
| % Margin | 51.1% | 51.0% | 52.9% | 55.0% | 50.1% |
| Diluted EPS | $22.51 | $28.00 | $33.13 | $38.92 | $40.82 |
| % Growth | 15.1% | 24.4% | 18.3% | 17.5% | 4.9% |
| Operating Cash Flow | $15,227 | $18,849 | $20,755 | $19,950 | $23,059 |
| CapEx | $705 | $970 | $1,059 | $1,257 | $1,482 |
| Free Cash Flow | $14,522 | $17,879 | $19,696 | $18,693 | $21,577 |
Historical market capitalization is not persisted, so Market Cap and Enterprise Value remain unavailable rather than mixing today's market value into prior periods.
Income Statement
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 |
|---|---|---|---|---|---|
| Revenue | $24,105 | $29,310 | $32,653 | $35,926 | $40,000 |
| Gross Profit | - | - | - | - | - |
| EBITDA | $16,608 | $19,674 | $21,943 | $24,629 | $25,214 |
| Net Income | $12,311 | $14,957 | $17,273 | $19,743 | $20,058 |
| Diluted EPS | $22.51 | $28.00 | $33.13 | $38.92 | $40.82 |
Balance Sheet
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $16,487 | $15,689 | $16,286 | $11,975 | $17,164 |
| Short-term Debt | - | - | - | - | - |
| Long-term Debt | $19,978 | $20,200 | $20,463 | $20,836 | $19,602 |
| Total Debt | - | - | - | - | - |
Cash Flow
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $15,227 | $18,849 | $20,755 | $19,950 | $23,059 |
| Capital Expenditure | $705 | $970 | $1,059 | $1,257 | $1,482 |
| Free Cash Flow | $14,522 | $17,879 | $19,696 | $18,693 | $21,577 |
Ratios
USD in millions, except per-share values and percentages.
| Metric | 9/30/2021 | 9/30/2022 | 9/30/2023 | 9/30/2024 | 9/30/2025 |
|---|---|---|---|---|---|
| Revenue Growth | 10.3% | 21.6% | 11.4% | 10.0% | 11.3% |
| Gross Margin | - | - | - | - | - |
| EBITDA Margin | 68.9% | 67.1% | 67.2% | 68.6% | 63.0% |
| Net Margin | 51.1% | 51.0% | 52.9% | 55.0% | 50.1% |
| FCF Margin | 60.2% | 61.0% | 60.3% | 52.0% | 53.9% |
| Diluted EPS Growth | 15.1% | 24.4% | 18.3% | 17.5% | 4.9% |