financial statements

The full income statement, balance sheet, and cash-flow statement for Visa Inc. (V), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

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PeriodRangeOrderChangeYoYQoQAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Revenue	40.0B YoY+11.3%	35.9B YoY+10.0%	32.7B YoY+11.4%	29.3B YoY+21.6%	24.1B YoY+10.3%
Selling, general & administrative	1.93B YoY+20.5%	1.60B YoY+20.2%	1.33B YoY+11.4%	1.19B YoY+21.2%	985M YoY-10.1%
General & administrative	1.93B YoY+20.5%	1.60B YoY+20.2%	1.33B YoY+11.4%	1.19B YoY+21.2%	985M YoY-10.1%
Amortization of intangibles	78.0M YoY-1.3%	79.0M YoY+3.9%	76.0M YoY-15.6%	90.0M YoY+8.4%	83.0M YoY+3.8%
Operating income	24.0B YoY+1.7%	23.6B YoY+12.4%	21.0B YoY+11.6%	18.8B YoY+19.0%	15.8B YoY+12.2%
Interest expense	589M YoY-8.1%	641M YoY-0.5%	644M YoY+19.7%	538M	—
Net interest income	—	—	-644M YoY-19.7%	-538M YoY-4.9%	-513M YoY+0.6%
Other non-operating income	789M YoY-18.0%	962M YoY+41.3%	681M YoY+589.9%	-139M YoY-118.0%	772M YoY+243.1%
Pre-tax income	24.2B YoY+1.2%	23.9B YoY+13.7%	21.0B YoY+16.0%	18.1B YoY+12.9%	16.1B YoY+16.5%
Income tax	4.14B YoY-0.9%	4.17B YoY+10.9%	3.76B YoY+18.4%	3.18B YoY-15.3%	3.75B YoY+28.3%
Net income	20.1B YoY+1.6%	19.7B YoY+14.3%	17.3B YoY+15.5%	15.0B YoY+21.5%	12.3B YoY+13.3%
Dividends per share	$0.59 YoY+13.5%	$0.52 YoY+15.6%	$0.45 YoY+20.0%	$0.38 YoY+17.2%	$0.32 YoY+6.7%
Balance Sheet	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	37.8B YoY+11.0%	34.0B YoY+1.5%	33.5B YoY+11.0%	30.2B YoY+9.4%	27.6B YoY-0.1%
Cash & equivalents	17.2B YoY+43.3%	12.0B YoY-26.5%	16.3B YoY+3.8%	15.7B YoY-4.8%	16.5B YoY+1.2%
Short-term investments	3.45B YoY+0.0%	3.45B YoY+0.0%	3.45B YoY+0.0%	3.45B YoY+0.0%	3.45B YoY+0.0%
Accounts receivable	3.13B YoY+22.1%	2.56B YoY+11.8%	2.29B YoY+13.4%	2.02B YoY+2.6%	1.97B YoY+21.6%
Prepaid expenses	2.68B YoY-19.1%	3.31B YoY+28.2%	2.58B YoY-3.1%	2.67B YoY+211.7%	856M YoY+13.1%
Other current assets	122M YoY+0.0%	122M YoY+0.0%	122M YoY+0.0%	122M YoY+0.0%	122M YoY+0.0%
	99.6B YoY+5.4%	94.5B YoY+4.4%	90.5B YoY+5.8%	85.5B YoY+3.1%	82.9B YoY+2.4%
Property, plant & equipment	4.24B YoY+10.8%	3.82B YoY+11.6%	3.42B YoY+6.3%	3.22B YoY+18.7%	2.71B YoY-0.8%
Operating lease right-of-use	954M YoY+9.3%	873M YoY+78.9%	488M YoY+1.7%	480M YoY-6.8%	515M YoY+1.4%
Goodwill	19.9B YoY+5.0%	18.9B YoY+5.2%	18.0B YoY+1.2%	17.8B YoY+11.5%	16.0B YoY+0.3%
Intangible assets	27.6B YoY+2.8%	26.9B YoY+3.0%	26.1B YoY+4.1%	25.1B YoY-9.4%	27.7B YoY-0.5%
Long-term investments	999M YoY-60.7%	2.54B YoY+32.5%	1.92B YoY-10.1%	2.14B YoY+25.3%	1.71B YoY+638.1%
Deferred tax assets	22.0M YoY+0.0%	22.0M YoY+0.0%	22.0M YoY+0.0%	22.0M YoY+0.0%	22.0M YoY+0.0%
Other non-current assets	3.94B YoY+8.0%	3.65B YoY-2.1%	3.73B YoY-0.2%	3.74B YoY-6.6%	4.00B YoY+17.3%
	35.0B YoY+32.2%	26.5B YoY+14.8%	23.1B YoY+10.8%	20.9B YoY+32.5%	15.7B YoY+8.5%
Accounts payable	555M YoY+15.9%	479M YoY+27.7%	375M YoY+10.3%	340M YoY+27.8%	266M YoY+52.9%
Accrued liabilities	5.47B YoY+11.3%	4.91B YoY-2.1%	5.01B YoY+34.6%	3.73B YoY+59.6%	2.33B YoY+26.8%
Short-term & current debt	5.57B	0.00	0.00 YoY-100.0%	2.25B YoY+125.2%	999M YoY-66.7%
Current lease liability	150M YoY+0.0%	150M YoY+41.5%	106M YoY+8.2%	98.0M YoY-4.9%	103M YoY+6.2%
	61.7B YoY+11.5%	55.4B YoY+7.0%	51.8B YoY+3.7%	49.9B YoY+10.2%	45.3B YoY+1.3%
Long-term debt	19.6B YoY-5.9%	20.8B YoY+1.8%	20.5B YoY+1.3%	20.2B YoY+1.1%	20.0B YoY-5.2%
Non-current lease liability	763M YoY+11.4%	685M YoY+66.3%	412M YoY-2.4%	422M YoY-10.4%	471M YoY-0.4%
Deferred tax liabilities	5.55B YoY+4.7%	5.30B YoY+3.7%	5.11B YoY-4.1%	5.33B YoY-13.0%	6.13B YoY+17.0%
Other non-current liabilities	1.52B YoY-44.2%	2.72B YoY-12.0%	3.09B YoY-12.6%	3.54B YoY+2.1%	3.46B YoY-11.0%
	37.9B YoY-3.1%	39.1B YoY+1.0%	38.7B YoY+8.9%	35.6B YoY-5.3%	37.6B YoY+3.8%
Preferred stock	5.46B YoY+0.0%	5.46B YoY+0.0%	5.46B YoY+0.0%	5.46B YoY+0.0%	5.46B YoY+0.0%
Additional paid-in capital	21.9B YoY+3.3%	21.2B YoY+3.8%	20.5B YoY+7.9%	19.0B YoY+0.6%	18.9B YoY+12.8%
Retained earnings	15.1B YoY-12.6%	17.3B YoY-4.2%	18.0B YoY+11.9%	16.1B YoY+5.0%	15.4B YoY+9.0%
Treasury stock	0.00	0.00	0.00	0.00	0.00
Accumulated other comprehensive income	248M YoY+180.5%	-308M YoY+76.6%	-1.32B YoY+44.4%	-2.37B YoY-643.3%	436M YoY+23.2%
Non-controlling interest	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%	2.00M YoY+0.0%
Total equity incl. non-controlling	37.9B YoY-3.1%	39.1B YoY+1.0%	38.7B YoY+8.9%	35.6B YoY-5.3%	37.6B YoY+3.8%
Total liabilities & equity	99.6B YoY+5.4%	94.5B YoY+4.4%	90.5B YoY+5.8%	85.5B YoY+3.1%	82.9B YoY+2.4%
Shares outstanding (cover)	469M YoY+0.0%	469M YoY+0.0%	469M YoY+0.0%	469M YoY+0.0%	469M YoY+0.0%
Cash Flow	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
	23.1B YoY+15.6%	19.9B YoY-3.9%	20.8B YoY+10.1%	18.8B YoY+23.8%	15.2B YoY+45.9%
Depreciation & amortization	1.22B YoY+18.0%	1.03B YoY+9.7%	943M YoY+9.5%	861M YoY+7.1%	804M YoY+4.8%
Share-based compensation	897M YoY+5.5%	850M YoY+11.1%	765M YoY+27.1%	602M YoY+11.1%	542M YoY+30.3%
Deferred income taxes	152M YoY+252.0%	-100M YoY+79.3%	-483M YoY-43.8%	-336M YoY-138.6%	871M YoY+183.7%
Change in receivables	542M YoY+128.7%	237M YoY-5.2%	250M YoY+157.7%	97.0M YoY-71.7%	343M YoY+697.7%
Change in payables	67.0M YoY-38.5%	109M YoY+220.6%	34.0M YoY-49.3%	67.0M YoY-23.9%	88.0M YoY+319.0%
	708M YoY+136.8%	-1.93B YoY+4.0%	-2.01B YoY+53.2%	-4.29B YoY-2721.1%	-152M YoY-110.7%
Capital expenditure	1.48B YoY+17.9%	1.26B YoY+18.7%	1.06B YoY+9.2%	970M YoY+37.6%	705M YoY-4.2%
Acquisitions	887M YoY-3.1%	915M	0.00 YoY-100.0%	1.95B YoY+2497.3%	75.0M YoY-2.6%
Other investing activities	-121M YoY-230.1%	93.0M YoY+272.0%	25.0M YoY+119.5%	-128M YoY-17.4%	-109M YoY-51.4%
	-19.0B YoY+8.1%	-20.6B YoY-16.1%	-17.8B YoY-40.0%	-12.7B YoY+11.9%	-14.4B YoY-263.2%
Long-term debt repaid	0.00	0.00 YoY-100.0%	2.25B YoY+125.0%	1.00B YoY-66.7%	3.00B
Common stock repurchased	18.3B YoY+9.6%	16.7B YoY+38.1%	12.1B YoY+4.4%	11.6B YoY+33.6%	8.68B YoY+6.9%
Dividends paid	4.63B YoY+9.9%	4.22B YoY+12.4%	3.75B YoY+17.1%	3.20B YoY+14.5%	2.80B YoY+5.0%
Other financing activities	-52.0M YoY-130.6%	170M YoY-15.0%	200M YoY+201.0%	-198M	0.00 YoY+100.0%
FX effect on cash	420M YoY+9.9%	382M YoY-39.9%	636M YoY+149.4%	-1.29B YoY-3378.4%	-37.0M YoY-108.4%
Net change in cash	5.22B YoY+334.6%	-2.23B YoY-238.1%	1.61B YoY+179.1%	578M YoY-8.0%	628M YoY-92.5%
Interest paid	587M YoY+0.7%	583M YoY-5.5%	617M YoY+1.6%	607M YoY-5.6%	643M YoY+19.7%
Income taxes paid	4.54B YoY-21.4%	5.78B YoY+68.2%	3.43B YoY-8.2%	3.74B YoY+24.2%	3.01B YoY+12.8%
Valuation Ratios	as ofSep 30 ’25	as ofSep 30 ’24	as ofSep 30 ’23	as ofSep 30 ’22	as ofSep 30 ’21
Market cap	160B YoY+24.2%	129B YoY+19.5%	108B YoY+29.5%	83.4B YoY-20.2%	105B YoY+11.4%
P/E	8.0× YoY+22.2%	6.5× YoY+0.1%	6.5× YoY+17.1%	5.6× YoY-34.4%	8.5× YoY-1.7%
P/S	4.0× YoY+11.5%	3.6× YoY+5.9%	3.4× YoY+19.2%	2.8× YoY-34.4%	4.3× YoY+1.0%
P/B	4.2× YoY+28.2%	3.3× YoY+19.1%	2.8× YoY+18.2%	2.3× YoY-15.7%	2.8× YoY+7.3%
P/FCF	7.4× YoY+7.6%	6.9× YoY+19.3%	5.8× YoY+24.1%	4.7× YoY-35.2%	7.2× YoY-25.6%
Earnings yield	12.5% YoY-18.2%	15.3% YoY-0.1%	15.3% YoY-14.6%	17.9% YoY+52.3%	11.8% YoY+1.7%
FCF yield	13.5% YoY-7.0%	14.5% YoY-16.2%	17.3% YoY-19.4%	21.4% YoY+54.4%	13.9% YoY+34.3%
Dividend yield	0.2% YoY-8.6%	0.2% YoY-3.3%	0.2% YoY-7.3%	0.2% YoY+46.9%	0.1% YoY-4.2%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: V's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all V filings on SEC EDGAR → Not investment advice.

V▼ financial statements

About this data

financial statements