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Visa Inc.Stock · Financials
$362.13+$11.05 (+3.15%)as of market close, Jul 2, 2026
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How Visa makes money

Fiscal year

How does Visa make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

Visa Inc. · FY2025 · year ended 2025-09-30
Revenue$40.0BGross profit$40.0B · 100%Cost of revenue$0 · 0%Operating income$24.2B · 60%Operating expenses$16.0B · 40%SG&A$1.9B · 5%Other opex$14.1B · 35%Net income$20.1B · 50%Income tax$4.1B · 10%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.