What was VISA INC.'s revenue in fiscal 2025?

VISA INC. reported revenue of $40.00B for fiscal 2025, up 11.3% from fiscal 2024.

What is VISA INC.'s net margin?

Operating margin was 60.0% and net margin was 50.1%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Are VISA INC. insiders buying or selling shares?

Over the past 12 months, insiders reported 24 open-market sales totalling $86.3M on Form 4.

Which institutions hold VISA INC. stock?

6,125 institutions reported holding VISA INC. shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Overview

VISA INC.

VNYSEFinancialsServices-Business Services, NECCIK 0001403161Large-cap benchmark

Latest 10-K: FY2025, filed Nov 6, 2025 · Open the 10-K (Inline XBRL) ↗

Ask about V in Workspace

Revenue: $40.00B; 11.3%YoYup from FY2024; TotalRevenue
Gross profit: Not reported
Operating income: $23.99B; 1.7%YoYup from FY2024; OperatingIncome
Net income: $20.06B; 1.6%YoYup from FY2024; NetIncome
Free cash flow: $21.58B; 15.4%YoYup from FY2024

At a glance

Growth

VISA INC. reported revenue of $40.00B for fiscal 2025, up 11.3% from fiscal 2024.
Revenue grew faster than the median S&P 500 member in 4 of the last 5 fiscal years.

Profitability

Operating margin was 60.0% and net margin was 50.1%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.

Insiders & holders

Over the past 12 months, insiders reported 24 open-market sales totalling $86.3M on Form 4.
6,125 institutions reported holding VISA INC. shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Written from the filed figures on this page by fixed rules — no AI.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K, Form 4, 13F

Quick answers

What was VISA INC.'s revenue in fiscal 2025?: VISA INC. reported revenue of $40.00B for fiscal 2025, up 11.3% from fiscal 2024.
What is VISA INC.'s net margin?: Operating margin was 60.0% and net margin was 50.1%, against a median net margin of 12.8% across S&P 500 members for the same fiscal year.
Are VISA INC. insiders buying or selling shares?: Over the past 12 months, insiders reported 24 open-market sales totalling $86.3M on Form 4.
Which institutions hold VISA INC. stock?: 6,125 institutions reported holding VISA INC. shares in 13F filings for the quarter ended June 30, 2026; the largest reported position was Vanguard Capital Management's.

Data as of Oct 31, 2026 · Sources: SEC EDGAR 10-K

Financial statements

Annual figures from the 10-K, most recent fiscal year first.

Income Statement

5 annual periods

Chip: YoY change.

Income Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Revenue	$40.00B11.3%up Benchmark median 6.4%	$35.93B10.0%up Benchmark median 4.5%	$32.65B11.4%up Benchmark median 4.8%	$29.31B21.6%up Benchmark median 10.3%	$24.11B10.3%up Benchmark median 13.8%	13.5% Benchmark median 6.6%
Gross Profit Median of 315 / 498	—	—	—	—	—	— Benchmark median 6.2%
Operating Income Median of 373 / 498	$23.99B1.7%up Benchmark median 7.3%	$23.59B12.4%up Benchmark median 7.4%	$21.00B11.6%up Benchmark median 4.9%	$18.81B19.0%up Benchmark median 7.5%	$15.80B12.2%up Benchmark median 23.5%	11.0% Benchmark median 7.2%
Net Income	$20.06B1.6%up Benchmark median 4.8%	$19.74B14.3%up Benchmark median 5.7%	$17.27B15.5%up Benchmark median 1.9%	$14.96B21.5%up Benchmark median 1.3%	$12.31B13.3%up Benchmark median 33.9%	13.0% Benchmark median 4.1%
EPS (Diluted)	—	—	—	—	—	— Benchmark median 5.6%

Balance Sheet

5 annual periods

Chip: YoY change.

Balance Sheet, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Total Assets	$99.63B5.4%up Benchmark median 5.6%	$94.51B4.4%up Benchmark median 3.4%	$90.50B5.8%up Benchmark median 4.1%	$85.50B3.1%up Benchmark median 2.2%	$82.90B2.4%up Benchmark median 6.7%	4.7% Benchmark median 4.7%
Total Liabilities Median of 357 / 498	$61.72B11.5%up Benchmark median 6.4%	$55.37B7.0%up Benchmark median 1.9%	$51.77B3.7%up Benchmark median 2.9%	$49.92B10.2%up Benchmark median 2.0%	$45.31B1.3%up Benchmark median 5.2%	8.0% Benchmark median 4.4%
Stockholders' Equity	$37.91B3.1%down Benchmark median 6.8%	$39.14B1.0%up Benchmark median 5.4%	$38.73B8.9%up Benchmark median 7.3%	$35.58B5.3%down Benchmark median 2.5%	$37.59B3.8%up Benchmark median 9.0%	0.2% Benchmark median 6.1%
Cash & Equivalents	$17.16B43.3%up Benchmark median 5.2%	$11.97B26.5%down Benchmark median 1.9%	$16.29B3.8%up Benchmark median 6.7%	$15.69B4.8%down Benchmark median -8.6%	$16.49B1.2%up Benchmark median -2.9%	1.0% Benchmark median 2.0%
Total Debt	$25.17B20.8%up Benchmark median 2.1%	$20.84B1.8%up Benchmark median 0.2%	$20.46B8.9%down Benchmark median 0.3%	$22.45B7.0%up Benchmark median 0.1%	$20.98B12.9%down Benchmark median -0.1%	4.7% Benchmark median 4.3%

Cash Flow Statement

5 annual periods

Chip: YoY change.

Cash Flow Statement, annual, newest fiscal year first. 4Y CAGR: compound annual growth from the oldest to the newest year shown. Muted line: large-cap benchmark median change. Line under a label: how many large-cap benchmark companies its median rests on.
Line item	FY2025	FY2024	FY2023	FY2022	FY2021	4Y CAGR
Operating Cash Flow	$23.06B15.6%up Benchmark median 6.3%	$19.95B3.9%down Benchmark median 4.8%	$20.75B10.1%up Benchmark median 9.9%	$18.85B23.8%up Benchmark median -0.7%	$15.23B45.9%up Benchmark median 10.7%	10.9% Benchmark median 7.0%
Capital Expenditures	$1.48B17.9%up Benchmark median 5.4%	$1.26B18.7%up Benchmark median 2.8%	$1.06B9.2%up Benchmark median 11.3%	$0.97B37.6%up Benchmark median 14.0%	$0.70B4.2%down Benchmark median 8.1%	20.4% Benchmark median 9.0%
Free Cash Flow Median of 378 / 498	$21.58B15.4%up Benchmark median 7.3%	$18.69B5.1%down Benchmark median 6.1%	$19.70B10.2%up Benchmark median 8.8%	$17.88B23.1%up Benchmark median -11.3%	$14.52B49.6%up Benchmark median 10.2%	10.4% Benchmark median 4.9%

n/m: not meaningful — the base (the prior year, or the first year for the CAGR) was zero or negative, or a per-share figure’s share basis changed (stock split). “—” means the figure is not available.

Benchmark median = median of the companies in the benchmark universe on Dec 31 of each fiscal year, from their own 10-K filings; a change counts only companies whose prior year was positive. Each median uses every member that reports the line item; where fewer than 80% do (banks and insurers file no gross profit), the row names how many. Published where at least 250 companies report it. Updated 2026-10-27. This compares reported figures, not share-price returns. Methodology

Ratios & valuation

FY2025

Every ratio read two ways: Wall Street’s popular formula and the value investor’s stricter one. Same question, same unit. Pick a ratio.

Quality · Return on capital

Profit earned on the money in the business

52.1%

Wall Street

ROE: net income ÷ equity

FY2024 50.7%

37.6%

Value investor

ROIC: after-tax operating profit ÷ invested capital

FY2024 35.0%

Gap −14.5 pts: Value-investor figure 14.5 points lower

How it’s calculated

Wall Street · ROE: net income ÷ equity

Net income ÷ average stockholders' equity (start and end of year), including noncontrolling interests. Buybacks shrink equity and lift it.

return_on_equity (ratio table)

Value investor · ROIC: after-tax operating profit ÷ invested capital

Operating profit after tax ÷ invested capital (total assets − cash − non-interest-bearing current liabilities), so leverage cannot flatter it

roic (ratio table)

Each ratio measures one thing two ways, in the same unit: the popular formula, then a stricter one, so a lower figure is the stricter reading. Gap = value-investor figure minus Wall Street figure, from the figures shown.

Price-based ratios use the fiscal-year-end closing price. Free cash flow = operating cash flow − capital expenditures (we compute it; filings rarely report it). n/m = not meaningful (denominator ≤ 0); “—” = not reported. Each ratio’s formulas are under “How it’s calculated”.

Cash & capital allocation

Where the cash went in FY2025, from the 10-K cash flow statement.

Operating cash flow: $23.06B
Capex: $1.48B
Free cash flow: $21.58B
R&D: —
Buybacks: $18.32B
Dividends: $4.63B
Debt repaid: $0.00
Debt issued: $3.92B
Net debt change: $3.92B

Uses of operating cash flow, FY2025

Buybacks79.4%
Dividends20.1%
Capex6.4%
Debt repayment0.0%

Each use is shown against operating cash flow on its own; the uses overlap.

Buybacks + dividends exceeded free cash flow in FY2025, FY2024.

Free cash flow by year

FY21$14.52B
FY22$17.88B
FY23$19.70B
FY24$18.69B
FY25$21.58B

Buybacks by year

FY21$8.68B
FY22$11.59B
FY23$12.10B
FY24$16.71B
FY25$18.32B

Smart money

Who is trading and holding VISA INC., from Form 4, 13F and 13D/13G filings.

Insiders

Insider activity · past 12 months

Open-market trades reported on Form 4 in the past 365 days.

Buys: 0; none reported
Sales: 24; 7 insiders
Value sold: $86.3M
Shares sold: 247,108
Net shares: -247,108; bought minus sold
Last trade: Oct 1, 2026

Purchases 0% of valueSales 100% of value

Latest open-market insider trades from Form 4
Insider	Type	Date	Shares	Price	Value	Filing
MCINERNEY RYANChief Executive Officer	Sell	Oct 1, 2026	5,875	$358.81	$2,108,009	View filing on SEC EDGAR
ROTTENBERG JULIE BGENERAL COUNSEL	Sell	Sep 9, 2026	1,867	$368.34	$687,691	View filing on SEC EDGAR
MCINERNEY RYANChief Executive Officer	Sell	Sep 1, 2026	5,875	$379.65	$2,230,444	View filing on SEC EDGAR

See plans

Open-market purchases (code P) and sales (code S) only. Grants, option exercises and tax withholding are excluded. Sales may be made under pre-arranged Rule 10b5-1 plans.

Ownership

Largest institutional holders

13F

Quarter ended Jun 30, 2026; change versus Mar 31, 2026.

Institutions reporting: 6,125
Largest holder: Vanguard Capital Management; 106,150,500 shares

Vanguard Capital Management
106,150,500 sh · $36.4BTrimmed 0.8%13F-HR · Jun 30, 2026 on SEC EDGAR
STATE STREET CORP
82,872,209 sh · $28.4BAdded 0.7%13F-HR · Jun 30, 2026 on SEC EDGAR
BlackRock, Inc.
52,976,130 sh · $18.2BAdded 1348.8%13F-HR · Jun 30, 2026 on SEC EDGAR

See plans

13F filings are due 45 days after quarter end, so this is the latest fully reported quarter. Amended filings are counted once.

Blockholders, 5% and over

13D/G

SC 13D / 13G, latest filing per filer.

Filers at 5%+: 2
Combined: 15.3%; sum of latest filings
Activist (13D): 0

5%+ filers, share of the class as filedof 100%

BlackRock, Inc.8%
Passive · 13GLast filed 2 yrs agoSC 13G/A · Feb 8, 2024 on SEC EDGAR
Vanguard Capital Management7.35%
Passive · 13GSC 13G · Apr 30, 2026 on SEC EDGAR

No filer switched from a passive 13G to an activist 13D in the last 365 days.

Percent of the class as each filer last reported it; filings older than a year may no longer reflect the stake. Latest filing per filer within three years; a later filing reporting 0% removes the filer.

Full history, every insider and 13F filer, 13D/G activist stakes, and webhooks are on Institutional.

See Institutional

Smart money

Showing the most recent 5 annual periods. Get longer history on the Pro plan, or the full history (1993–present) plus the smart-money dataset and webhooks on Institutional.

Restatement Radar

6 numbers VISA INC. later changed — same XBRL tag, both filings linked.

numbers changed: 6
restating filings: 5
came with an amendment or a non-reliance notice: 0

Nov 15, 2016 · 10-K
changed 2 numbers
No amendment filed
Open filing
- Total liabilitiesAs of Sep 30, 2015$10.4B restated to $9.5B−8.4%
  As reported · Nov 19, 2015us-gaap:Liabilities
- Total assetsAs of Sep 30, 2015$40.2B restated to $39.4B−2.2%
  As reported · Nov 19, 2015us-gaap:Assets
Jan 31, 2019 · 10-Q
changed 1 number
No amendment filed
Open filing
- Operating cash flowQ1 2017$2.8B restated to $2.8B+1.8%
  As reported · Feb 1, 2018us-gaap:NetCashProvidedByUsedInOperatingActivitiesAny P/OCF built on the original was 1.8% too high.
Apr 26, 2019 · 10-Q
changed 1 number
No amendment filed
Open filing
- Operating cash flowQ2 2018$5.6B restated to $5.7B+2.6%
  As reported · Apr 27, 2018us-gaap:NetCashProvidedByUsedInOperatingActivitiesAny P/OCF built on the original was 2.6% too high.
Jul 26, 2019 · 10-Q
changed 1 number
No amendment filed
Open filing
- Operating cash flowQ3 2018$9.2B restated to $9.5B+2.7%
  As reported · Jul 27, 2018us-gaap:NetCashProvidedByUsedInOperatingActivitiesAny P/OCF built on the original was 2.6% too high.
Nov 19, 2020 · 10-K
changed 1 number
No amendment filed
Open filing
- Operating cash flowFY 2018$12.7B restated to $12.9B+1.8%
  As reported · Nov 16, 2018us-gaap:NetCashProvidedByUsedInOperatingActivitiesAny P/OCF built on the original was 1.8% too high.

V is not the only one.

See every restatement we've found across the market — or get an alert the next time V revises a number.

Restatement Radar Alert me

Restatements are detected by comparing every vintage of a fact across all of VISA INC.'s filings back to 1993. A revision is not by itself a sign of wrongdoing — companies re-file for many legitimate reasons. This list is not exhaustive: it shows V's most significant revisions, and a figure absent from it has not been certified as unrevised.

Peers, filings & research

Sector Peers

BANK OF AMERICA CORP /DE/

WFC· Financials

WELLS FARGO & COMPANY/MN

MS· Financials

MORGAN STANLEY

GS· Financials

GOLDMAN SACHS GROUP INC

Recent SEC filings

The six newest, periodic reports and 8-Ks together. Dates are SEC filing dates.

All filings on EDGAR

Six most recent SEC filings, newest first
Form	Filing	Filed	Document
8-K	Current report (material events) · Event dated Oct 27, 2026 0001403161-26-000126 · accepted 20:05 UTC	Oct 27, 2026	Open	Filed Oct 27, 2026 · 0001403161-26-000126
8-K	Current report (material events) · Event dated Sep 18, 2026 0001403161-26-000121 · accepted 20:06 UTC	Sep 23, 2026	Open	Filed Sep 23, 2026 · 0001403161-26-000121
10-Q	Quarterly report · Quarter ended Jun 30, 2026 0001403161-26-000104 · accepted Jul 28, 22:08 UTC	Jul 29, 2026	Open	Filed Jul 29, 2026 · 0001403161-26-000104
10-K	Annual report · Fiscal year ended Sep 30, 2025 0001403161-25-000089 · accepted 21:09 UTC	Nov 6, 2025	Open	Filed Nov 6, 2025 · 0001403161-25-000089
10-K/A	Annual report amendment · Fiscal year ended Sep 30, 2007 0001193125-08-036840 · accepted 11:36 UTC	Feb 25, 2008	Open	Filed Feb 25, 2008 · 0001193125-08-036840
10-Q/A	Quarterly report amendment · Quarter ended Dec 31, 2007 0001193125-08-029437 · accepted 22:08 UTC	Feb 13, 2008	Open	Filed Feb 13, 2008 · 0001193125-08-029437

“Open” goes to the Inline XBRL viewer when the filing has one, else the primary document. The accession opens the EDGAR index.

Research Reports

No published research on V yet.

Reports appear here as analysts publish research on this company — built with Valuein's agentic workflows on data pinned to its SEC filing. Be the first: run equity_research_brief on V and publish the result to your public profile.

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The data behind this page

27 tables, history 1993–present. Every figure above is a row you can query.

Fundamentals

Standardized financial facts, ratios and filings.

fact: 121.4Mrows
ratio: 15.8Mrows
filing: 3.71Mrows
entity: 33,316rows

350+ standard concepts.

Built from these SEC forms

10-K
10-K/A
10-K405
10-K405/A
10-KT
10-KT/A
10-Q
10-Q/A
10-QT
10-QT/A
20-F
20-F/A
40-F
40-F/A
8-K
8-K/A
6-K
6-K/A
S-1
S-1/A
S-3
S-3/A
S-4
S-4/A
S-11
S-11/A
F-1
F-1/A
F-3
F-3/A
F-4
F-4/A
POS AM
10-KSB
10-KSB/A
10-QSB
10-QSB/A
DEF 14Asoon
DEF 14Csoon
DEFA14Asoon
PRE 14Asoon
DEFM14Asoon
425soon
SC TO-Tsoon
SC TO-Isoon
SC 14D9soon
SC 13E3soon
CORRESPsoon
NT 10-Ksoon
NT 10-Qsoon
NT 20-Fsoon
N-PORT-Psoon

Smart money

Insider and institutional filings.

institutional_holding: 88.6Mrows
insider_transaction: 12.1Mrows
insider_filing: 5.55Mrows
insider_ownership: 1.98Mrows

109M+ smart-money rows in all.

Built from these SEC forms

Form 3
Form 3/A
Form 4
Form 4/A
Form 5
Form 5/A
13F-HR
13F-HR/A
13F-NT
13F-NT/A
SC 13D
SC 13D/A
SC 13G
SC 13G/A
Form 144
Form 144/A

One real fact row for VISA INC.

Fact receiptOperatingCashFlow

Operating cash flow · FY2025

$23.06B

23,059,000,000 USD

VISA INC. reported Operating cash flow of $23.1B for fiscal year 2025 in its 10-K filed Nov 6, 2025.

Fiscal period: 2025 FY
Period end: 2025-09-30
Form: 10-K
Filed: Nov 6, 2025
Entity (CIK): 0001403161

Provenance trail

Filed with the SEC
Form 10-K, filed Nov 6, 2025.
Accession 0001403161-25-000089
Open in the Inline XBRL viewer for 0001403161-25-000089
Reported in the filing
Operating cash flow for fiscal year 2025, the period ended 2025-09-30, in USD. Valuein maps the filed line to the standard concept OperatingCashFlow.
Stored as one fact row
Every channel returns this row with the same id.
fact_id 2492a974f41c3d060563316dfab211a22bdce5a0fd4406ed07dadb92def91be2
Shown on this page
The same $23.06B appears in the Cash Flow Statement and in Cash & capital allocation.

fact rowjson

{  "entity_id": "0001403161",  "standard_concept": "OperatingCashFlow",  "fiscal_year": 2025,  "fiscal_period": "FY",  "period_end": "2025-09-30",  "numeric_value": 23059000000,  "unit": "USD",  "accession": "0001403161-25-000089",  "fact_id": "2492a974f41c3d060563316dfab211a22bdce5a0fd4406ed07dadb92def91be2"}

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bash

# Fact-level Parquet over HTTPS, every row traced to its filingcurl -H "Authorization: Bearer $VALUEIN_API_KEY" \  https://data.valuein.biz/v1/pro/fact/0001403161.parquet \  -o v.parquet

Read the API docs

Terminalbash

# The same tables in your notebooks and backtests; the free sample needs no token$ pip install valuein-sdk

Python

from valuein_sdk import ValueinClient with ValueinClient() as client:    sql = """        SELECT fiscal_year, numeric_value FROM fact        WHERE entity_id = '0001403161'          AND standard_concept = 'TotalRevenue'          AND fiscal_period = 'FY'    """    print(client.run_query(sql))

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bash

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bash

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Cite this page

Data as of Oct 31, 2026. Canonical address: https://valuein.biz/data/V

APA-style text

Valuein. (2026, October 31). VISA INC. (V) financial statements, earnings power and smart-money summary [Data set]. Source: SEC EDGAR filings. https://valuein.biz/data/V

BibTeX

@misc{valuein_v_2026,
  author = {{Valuein}},
  title = {VISA INC. (V) financial statements, earnings power and smart-money summary},
  year = {2026},
  howpublished = {\url{https://valuein.biz/data/V}},
  note = {Data as of 2026-10-31; source: SEC EDGAR filings}
}

Open 10-K in SEC Inline XBRL viewer

10-K filed Nov 6, 2025 · accession 0001403161-25-000089

Agents: every figure Valuein's tools return carries a fact_id that traces to its SEC filing.

point-in-time · survivorship-free · every number traceable to its SEC filing

View V filings on SEC EDGAR

Index names are trademarks of their owners; Valuein is not affiliated with or endorsed by any index provider.

At a glance

Growth

Profitability

Insiders & holders

02Financial statements

Income Statement

Balance Sheet

Cash Flow Statement

Ratios & valuation

03Cash & capital allocation

Uses of operating cash flow, FY2025

Free cash flow by year

Buybacks by year

04Smart money

Insiders

Insider activity · past 12 months

Ownership

Largest institutional holders

Blockholders, 5% and over

Smart money

Nov 15, 2016 · 10-K

Jan 31, 2019 · 10-Q

Apr 26, 2019 · 10-Q

Jul 26, 2019 · 10-Q

Nov 19, 2020 · 10-K

06Peers, filings & research

Sector Peers

Recent SEC filings

Research Reports

07The data behind this page

Fundamentals

Built from these SEC forms

Smart money

Built from these SEC forms

One real fact row for VISA INC.

Provenance trail

Get the same data

08Cite this page

Insiders & holders

03Cash & capital allocation

Uses of operating cash flow, FY2025

Free cash flow by year

Buybacks by year

04Smart money

Insiders

Insider activity · past 12 months

Ownership

Largest institutional holders

Blockholders, 5% and over

Nov 15, 2016 · 10-K

Jan 31, 2019 · 10-Q

Apr 26, 2019 · 10-Q

Jul 26, 2019 · 10-Q

Nov 19, 2020 · 10-K

Sector Peers

Recent SEC filings

07The data behind this page

Fundamentals

Built from these SEC forms

Smart money

Built from these SEC forms

One real fact row for VISA INC.

Provenance trail

Get the same data

Financial statements

Cash & capital allocation

Smart money

Peers, filings & research

The data behind this page

Cite this page

Cash & capital allocation

Smart money

The data behind this page