V 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.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | 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+11.3% | 35.9B+10.0% | 32.7B+11.4% | 29.3B+21.6% | 24.1B+10.3% | |
| Selling, general & administrative | 1.93B+20.5% | 1.60B+20.2% | 1.33B+11.4% | 1.19B+21.2% | 985M-10.1% | |
| General & administrative | 1.93B+20.5% | 1.60B+20.2% | 1.33B+11.4% | 1.19B+21.2% | 985M-10.1% | |
| Amortization of intangibles | 78.0M-1.3% | 79.0M+3.9% | 76.0M-15.6% | 90.0M+8.4% | 83.0M+3.8% | |
| Operating income | 24.0B+1.7% | 23.6B+12.4% | 21.0B+11.6% | 18.8B+19.0% | 15.8B+12.2% | |
| Interest expense | 589M-8.1% | 641M-0.5% | 644M+19.7% | 538M | — | |
| Net interest income | — | — | -644M-19.7% | -538M-4.9% | -513M+0.6% | |
| Other non-operating income | 789M-18.0% | 962M+41.3% | 681M+589.9% | -139M-118.0% | 772M+243.1% | |
| Gain (loss) on equity securities | — | — | — | — | 721M+527.0% | |
| Pre-tax income | 24.2B+1.2% | 23.9B+13.7% | 21.0B+16.0% | 18.1B+12.9% | 16.1B+16.5% | |
| Income tax | 4.14B-0.9% | 4.17B+10.9% | 3.76B+18.4% | 3.18B-15.3% | 3.75B+28.3% | |
| Net income | 20.1B+1.6% | 19.7B+14.3% | 17.3B+15.5% | 15.0B+21.5% | 12.3B+13.3% | |
| Dividends per share | $2.36+13.5% | $2.08+15.6% | $1.80+20.0% | $1.50+368.7% | $0.32-73.3% | |
| Balance Sheet | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 37.8B+11.0% | 34.0B+1.5% | 33.5B+11.0% | 30.2B+9.4% | 27.6B-0.1% | ||
| Cash & equivalents | 17.2B+43.3% | 12.0B-26.5% | 16.3B+3.8% | 15.7B-4.8% | 16.5B+1.2% | |
| Accounts receivable | 3.13B+22.1% | 2.56B+11.8% | 2.29B+13.4% | 2.02B+2.6% | 1.97B+21.6% | |
| Prepaid expenses | 2.68B-19.1% | 3.31B+28.2% | 2.58B-3.1% | 2.67B+211.7% | 856M+13.1% | |
| 99.6B+5.4% | 94.5B+4.4% | 90.5B+5.8% | 85.5B+3.1% | 82.9B+2.4% | ||
| Property, plant & equipment | 4.24B+10.8% | 3.82B+11.6% | 3.42B+6.3% | 3.22B+18.7% | 2.71B-0.8% | |
| Operating lease right-of-use | 954M+9.3% | 873M+78.9% | 488M+1.7% | 480M-6.8% | 515M+1.4% | |
| Goodwill | 19.9B+5.0% | 18.9B+5.2% | 18.0B+1.2% | 17.8B+11.5% | 16.0B+0.3% | |
| Intangible assets | 27.6B+2.8% | 26.9B+3.0% | 26.1B+4.1% | 25.1B-9.4% | 27.7B-0.5% | |
| Long-term investments | 999M-60.7% | 2.54B+32.5% | 1.92B-10.1% | 2.14B+25.3% | 1.71B+638.1% | |
| Other non-current assets | 3.94B+8.0% | 3.65B-2.1% | 3.73B-0.2% | 3.74B-6.6% | 4.00B+17.3% | |
| 35.0B+32.2% | 26.5B+14.8% | 23.1B+10.8% | 20.9B+32.5% | 15.7B+8.5% | ||
| Accounts payable | 555M+15.9% | 479M+27.7% | 375M+10.3% | 340M+27.8% | 266M+52.9% | |
| Accrued liabilities | 5.47B+11.3% | 4.91B-2.1% | 5.01B+34.6% | 3.73B+59.6% | 2.33B+26.8% | |
| Short-term & current debt | 5.57B | 0.00 | 0.00-100.0% | 2.25B+125.2% | 999M-66.7% | |
| Current lease liability | 150M+0.0% | 150M+41.5% | 106M+8.2% | 98.0M-4.9% | 103M+6.2% | |
| 61.7B+11.5% | 55.4B+7.0% | 51.8B+3.7% | 49.9B+10.2% | 45.3B+1.3% | ||
| Long-term debt | 19.6B-5.9% | 20.8B+1.8% | 20.5B+1.3% | 20.2B+1.1% | 20.0B-5.2% | |
| Non-current lease liability | 763M+11.4% | 685M+66.3% | 412M-2.4% | 422M-10.4% | 471M-0.4% | |
| Operating lease liability (total) | 913M+9.3% | 835M+61.2% | 518M-0.4% | 520M-9.4% | 574M+0.7% | |
| Deferred tax liabilities | 5.55B+4.7% | 5.30B+3.7% | 5.11B-4.1% | 5.33B-13.0% | 6.13B+17.0% | |
| Other non-current liabilities | 1.52B-44.2% | 2.72B-12.0% | 3.09B-12.6% | 3.54B+2.1% | 3.46B-11.0% | |
| 37.9B-3.1% | 39.1B+1.0% | 38.7B+8.9% | 35.6B-5.3% | 37.6B+3.8% | ||
| Additional paid-in capital | 21.9B+3.3% | 21.2B+3.8% | 20.5B | — | 18.9B+12.8% | |
| Retained earnings | 15.1B-12.6% | 17.3B-4.2% | 18.0B+11.9% | 16.1B+5.0% | 15.4B+9.0% | |
| Accumulated other comprehensive income | 248M+180.5% | -308M+76.6% | -1.32B+44.4% | -2.37B-643.3% | 436M+23.2% | |
| Total equity incl. non-controlling | 37.9B-3.1% | 39.1B+1.0% | 38.7B+8.9% | 35.6B-5.3% | 37.6B+3.8% | |
| Total liabilities & equity | 99.6B+5.4% | 94.5B+4.4% | 90.5B+5.8% | 85.5B+3.1% | 82.9B+2.4% | |
| Cash Flow | as ofSep 30 ’25 | as ofSep 30 ’24 | as ofSep 30 ’23 | as ofSep 30 ’22 | as ofSep 30 ’21 | |
| 23.1B+15.6% | 19.9B-3.9% | 20.8B+10.1% | 18.8B+23.8% | 15.2B+45.9% | ||
| Depreciation & amortization | 1.22B+18.0% | 1.03B+9.7% | 943M+9.5% | 861M+7.1% | 804M+4.8% | |
| Intangible amortization | 78.0M-1.3% | 79.0M+3.9% | 76.0M-15.6% | 90.0M+8.4% | 83.0M+3.8% | |
| Share-based compensation | 897M+5.5% | 850M+11.1% | 765M+27.1% | 602M+11.1% | 542M+30.3% | |
| Deferred income taxes | 152M+252.0% | -100M+79.3% | -483M-43.8% | -336M-138.6% | 871M+183.7% | |
| Change in receivables | 542M+128.7% | 237M-5.2% | 250M+157.7% | 97.0M-71.7% | 343M+697.7% | |
| Change in payables | 67.0M-38.5% | 109M+220.6% | 34.0M-49.3% | 67.0M-23.9% | 88.0M+319.0% | |
| 708M+136.8% | -1.93B+4.0% | -2.01B+53.2% | -4.29B-2721.1% | -152M-110.7% | ||
| Capital expenditure | 1.48B+17.9% | 1.26B+18.7% | 1.06B+9.2% | 970M+37.6% | 705M-4.2% | |
| Free cash flow | 21.6B+15.4% | 18.7B-5.1% | 19.7B+10.2% | 17.9B+23.1% | 14.5B+49.6% | |
| Acquisitions | 887M-3.1% | 915M | 0.00-100.0% | 1.95B+2497.3% | 75.0M-2.6% | |
| Other investing activities | -121M-230.1% | 93.0M+272.0% | 25.0M+119.5% | -128M-17.4% | -109M-51.4% | |
| -19.0B+8.1% | -20.6B-16.1% | -17.8B-40.0% | -12.7B+11.9% | -14.4B-263.2% | ||
| Long-term debt issued | 3.92B | 0.00 | 0.00-100.0% | 3.22B | 0.00-100.0% | |
| Long-term debt repaid | 0.00 | 0.00-100.0% | 2.25B+125.0% | 1.00B-66.7% | 3.00B | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 18.3B+9.6% | 16.7B+38.1% | 12.1B+4.4% | 11.6B+33.6% | 8.68B+6.9% | |
| Dividends paid | 4.63B+9.9% | 4.22B+12.4% | 3.75B+17.1% | 3.20B+14.5% | 2.80B+5.0% | |
| Other financing activities | -52.0M-130.6% | 170M-15.0% | 200M+201.0% | -198M | 0.00+100.0% | |
| FX effect on cash | 420M+9.9% | 382M-39.9% | 636M+149.4% | -1.29B-3378.4% | -37.0M-108.4% | |
| Net change in cash | 5.22B+334.6% | -2.23B-238.1% | 1.61B+179.1% | 578M-8.0% | 628M-92.5% | |
| Interest paid | 587M+0.7% | 583M-5.5% | 617M+1.6% | 607M-5.6% | 643M+19.7% | |
| Income taxes paid | 4.54B-21.4% | 5.78B+68.2% | 3.43B-8.2% | 3.74B+24.2% | 3.01B+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 | 653B+21.3% | 539B+15.1% | 468B+27.8% | 366B-22.0% | 470B+10.1% | |
| P/E | 32.6×+19.4% | 27.3×-3.6% | 28.3×+15.6% | 24.5×-35.8% | 38.2×-2.8% | |
| P/S | 16.3×+8.9% | 15.0×+2.0% | 14.7×+17.7% | 12.5×-35.9% | 19.5×-0.2% | |
| P/B | 17.2×+25.2% | 13.8×+14.6% | 12.0×+16.7% | 10.3×-17.6% | 12.5×+6.0% | |
| P/FCF | 30.3×+5.1% | 28.8×+14.9% | 25.1×+22.5% | 20.5×-36.7% | 32.3×-26.4% | |
| Earnings yield | 3.1%-16.2% | 3.7%+3.8% | 3.5%-13.5% | 4.1%+55.8% | 2.6%+2.9% | |
| FCF yield | 3.3%-4.8% | 3.5%-12.9% | 4.0%-18.4% | 4.9%+57.9% | 3.1%+35.9% | |
| Dividend yield | 0.69%-8.6% | 0.76%-3.3% | 0.78%-7.3% | 0.84%+487.8% | 0.14%-76.1% | |
| 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.
