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Visa Inc. (V): financials, SEC filings and peers

Visa Inc. (V) is a transaction & payment processing services company in the Financials sector of the S&P 500, headquartered in San Francisco, California.

It was founded in 1958 and joined the S&P 500 on December 21, 2009.

Its fiscal year ends in September, and its shares trade on the NYSE.

In its SEC filings it is classified as “Services-Business Services, NEC”.

Visa Inc. at a glance

Revenue (12 months)
$43.0B
Revenue growth
+14.4%
Operating margin
61.1%
Net income (12 months)
$22.2B
Free cash flow (12 months)
$21.2B
Cash
$12.4B
Debt
$24.0B
Diluted EPS (12 months)
—

Twelve months to March 31, 2026, from the 10-Q filed April 29, 2026.

Latest twelve months

Over the twelve months to March 31, 2026, Visa Inc. reported revenue of $43.0 billion, up 14.4% from a year earlier.

Its operating margin was 61.1%, down 2.6 percentage points from a year earlier: for every $100 of sales, about $61 was left as operating profit.

Net income was $22.2 billion (51.7% of revenue), 11.8% higher than a year earlier.

Operating cash flow was $22.8 billion and capital spending $1.6 billion, leaving free cash flow of $21.2 billion (49.2% of revenue).

At the end of the period it held $12.4 billion in cash and $24.0 billion in debt, a net debt position of $11.6 billion.

Five-year trend

  • Revenue went from $21.8 billion in fiscal 2020 to $40.0 billion in fiscal 2025, about 12.9% a year.
  • Revenue has grown for 5 fiscal years in a row.
  • Operating margin narrowed from 64.5% to 60.0% over the same years.
  • Free cash flow was positive in each of the last 6 fiscal years.
Fiscal year20212022202320242025
Revenue$24.1B$29.3B$32.7B$35.9B$40.0B
Revenue growth10.3%21.6%11.4%10.0%11.3%
Operating margin65.6%64.2%64.3%65.7%60.0%
Net income$12.3B$15.0B$17.3B$19.7B$20.1B
Free cash flow$14.5B$17.9B$19.7B$18.7B$21.6B
Diluted EPS—————

Fiscal years as reported in Visa Inc.’s 10-K filings. Free cash flow is operating cash flow minus capital spending.

Recent SEC filings

  • 8-K filed September 23, 2026 — Other event
  • 10-Q filed July 29, 2026 — quarterly report
  • 8-K filed July 28, 2026 — Earnings results; Other event
  • 8-K filed July 15, 2026 — Bylaw or fiscal-year change
  • 8-K filed June 26, 2026 — Other event
  • 8-K filed May 12, 2026 — Material agreement; Other event
  • 8-K filed May 11, 2026 — Regulation FD disclosure
  • 10-Q filed April 29, 2026 — quarterly report

All Visa Inc. filings on SEC EDGAR

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Questions about Visa Inc.

Is Visa Inc.'s revenue growing?

Yes. Revenue for the twelve months to March 31, 2026 was $43.0 billion, up 14.4% from a year earlier, according to its SEC filings.

Is Visa Inc. profitable?

Yes. It earned $22.2 billion in net income over the twelve months to March 31, 2026, a net margin of 51.7%.

Does Visa Inc. have more cash or more debt?

At March 31, 2026 it had $12.4 billion in cash and $24.0 billion in debt, so more debt than cash.

When did Visa Inc. last file financial results?

Its latest quarterly report (10-Q) was filed with the SEC on July 29, 2026.

Which companies are similar to Visa Inc.?

In the S&P 500, Visa Inc. is grouped in Transaction & Payment Processing Services within the Financials sector. Corpay (CPAY), Fidelity National Information Services (FIS), Fiserv (FISV), Global Payments (GPN), Jack Henry & Associates (JKHY) are in the same group.

Understand the numbers

Source: Visa Inc.’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved September 27, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.