Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, platforms, and value-added services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. Visa Inc. has a strategic agreement with Ooredoo to provide an enhanced payment experience for Visa cardholders and Ooredoo customers in Qatar. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.

Visa Inc.

Net Revenue

Net Revenue %Chg

Net Revenue Common Size

Personnel

Personnel %Chg

Personnel Common Size

Marketing

Marketing %Chg

Marketing Common Size

Visa International Fees

Visa International Fees %Chg

Visa International Fees Common Size

Network and Processing

Network and Processing %Chg

Network and Processing Common Size

Professional Fees

Professional Fees %Chg

Professional Fees Common Size

Depreciation and Amortization

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Depreciation and Amortization Common Size

General and Administrative

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General and Administrative Common Size

Litigation Provision

Litigation Provision %Chg

Litigation Provision Common Size

Visa Europe Framework Agreement Loss

Visa Europe Framework Agreement Loss %Chg

Visa Europe Framework Agreement Loss Common Size

Total Operating Expenses

Total Operating Expenses %Chg

Total Operating Expenses Common Size

Operating Income

Operating Income %Chg

Operating Income Common Size

Equity in Earnings of Unconsolidated Affiliates

Equity in Earnings of Unconsolidated Affiliates %Chg

Equity in Earnings of Unconsolidated Affiliates Common Size

Interest Expense

Interest Expense %Chg

Interest Expense Common Size

Other

Other %Chg

Other Common Size

Total Other Income (Expense)

Total Other Income (Expense) %Chg

Total Other Income (Expense) Common Size

Total Other

Total Other %Chg

Total Other Common Size

Investment Income and Other

Investment Income and Other %Chg

Investment Income and Other Common Size

Investment Income

Investment Income %Chg

Investment Income Common Size

Service Revenues

Service Revenues %Chg

Service Revenues Common Size

Data Processing Revenues

Data Processing Revenues %Chg

Data Processing Revenues Common Size

International Transaction Revenues

International Transaction Revenues %Chg

International Transaction Revenues Common Size

Other Revenues

Other Revenues %Chg

Other Revenues Common Size

Client Incentives

Client Incentives %Chg

Client Incentives Common Size

Total Non-Operating Income

Total Non-Operating Income %Chg

Total Non-Operating Income Common Size

Income Before Income Taxes

Income Before Income Taxes %Chg

Income Before Income Taxes Common Size

Income Tax Provision

Income Tax Provision %Chg

Income Tax Provision Common Size

Net Income Including Non-Controlling Interest

Net Income Including Non-Controlling Interest %Chg

Net Income Including Non-Controlling Interest Common Size

Loss Attributable to Non-Controlling Interest

Loss Attributable to Non-Controlling Interest %Chg

Loss Attributable to Non-Controlling Interest Common Size

Income Before Cumulative Effect of Change in Accounting Principle

Income Before Cumulative Effect of Change in Accounting Principle %Chg

Income Before Cumulative Effect of Change in Accounting Principle Common Size

Cumulative Effect of Accounting Change, Net of Tax

Cumulative Effect of Accounting Change, Net of Tax %Chg

Cumulative Effect of Accounting Change, Net of Tax Common Size

Net Income

Net Income %Chg

Net Income Common Size

Pro Forma Amounts Assuming the Accounting Changes Are Applied Retroactively

Pro Forma Amounts Assuming the Accounting Changes Are Applied Retroactively %Chg

Pro Forma Amounts Assuming the Accounting Changes Are Applied Retroactively Common Size

Class a Common Stock

Total Revenues

Total Revenues %Chg

Total Revenues Common Size

Cost of Sales

Cost of Sales %Chg

Cost of Sales Common Size

Gross Profit

Gross Profit %Chg

Gross Profit Common Size

Gross Profit Margin

Gross Profit Margin %Chg

Gross Profit Margin Common Size

Selling, General & Administrative Expenses

Selling, General & Administrative Expenses %Chg

Selling, General & Administrative Expenses Common Size

Depreciation & Amortization Expenses

Depreciation & Amortization Expenses %Chg

Depreciation & Amortization Expenses Common Size

Other Operating Expenses

Other Operating Expenses %Chg

Other Operating Expenses Common Size

Operating Profit

Operating Profit %Chg

Operating Profit Common Size

Operating Margin

Operating Margin %Chg

Operating Margin Common Size

Interest and Investment Income

Interest and Investment Income %Chg

Interest and Investment Income Common Size

Non-Operating Income

Non-Operating Income %Chg

Non-Operating Income Common Size

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

Adjusted EBITDA

Adjusted Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Sep '25	Sep '24	Sep '23	Sep '22	Sep '21	Sep '20	Sep '19	Sep '18	Sep '17	Sep '16
Total Revenues	40,000	35,926	32,653	29,310	24,105	21,846	22,977	20,609	18,358	15,082
Total Revenues %Chg	11.3%	10%	11.4%	21.6%	10.3%	-4.9%	11.5%	12.3%	21.7%	8.7%
Service Revenues
Data Processing Revenues
International Transaction Revenues
Other Revenues
Client Incentives
Cost of Sales	7,855	7,042	6,567	5,733	4,970	4,512	4,165	3,856	3,248	2,764
Network and Processing
Personnel
Gross Profit	32,145	28,884	26,086	23,577	19,135	17,334	18,812	16,753	15,110	12,318
Gross Profit Margin	80.4%	80.4%	79.9%	80.4%	79.4%	79.3%	81.9%	81.3%	82.3%	81.7%
Selling, General & Administrative Expenses	4,369	3,793	3,216	3,035	2,524	2,475	2,755	2,579	2,391	2,054
Marketing
Professional Fees
General and Administrative
Depreciation & Amortization Expenses	1,220	1,034	943	861	804	767	656	613	556	502
Depreciation and Amortization
Other Operating Expenses	2,562	462	927	868	3	11	400	607	19	1,879
Litigation Provision
Visa Europe Framework Agreement Loss
Visa International Fees
Operating Profit	23,994	23,595	21,000	18,813	15,804	14,081	15,001	12,954	12,144	7,883
Operating Income
Operating Margin	60%	65.7%	64.3%	64.2%	65.6%	64.5%	65.3%	62.9%	66.2%	52.3%
Interest and Investment Income	789	962	681	-139	772	225	416	464	113	—
Investment Income and Other
Investment Income
Equity in Earnings of Unconsolidated Affiliates
Interest Expense	-589	-641	-644	-538	-513	-516	-533	-612	-563	-427
Interest Expense
Non-Operating Income	—	—	—	—	—	—	—	—	—	556
Other
Total Non-Operating Income	200	321	37	-677	259	-291	-117	-148	-450	129
Total Non-Operating Income
Income Before Provision for Income Taxes	24,194	23,916	21,037	18,136	16,063	13,790	14,884	12,806	11,694	8,012
Income Before Income Taxes
Provision for Income Taxes	4,136	4,173	3,764	3,179	3,752	2,924	2,804	2,505	4,995	2,021
Income Tax Provision
Consolidated Net Income	20,058	19,743	17,273	14,957	12,311	10,866	12,080	10,301	6,699	5,991
Net Income Including Non-Controlling Interest
Net Income Attributable to Minority Interests and Other	—	—	—	—	—	—	—	—	—	—
Loss Attributable to Non-Controlling Interest
Cumulative Effect of Accounting Change, Net of Tax
Net Income Attributable to Common Shareholders	20,058	19,743	17,273	14,957	12,311	10,866	12,080	10,301	6,699	5,991
Net Income
Basic EPS	10.2	9.7	8.3	7	5.6	4.9	5.3	4.4	2.8	2.5
Diluted EPS	10.2	9.7	8.3	7	5.6	4.9	5.3	4.4	2.8	2.5
Basic Weighted Average Shares Outstanding	1,937.2	1,997	2,049.2	2,040.2	2,105.1	2,139.8	2,188.4	2,243.7	2,308.5	2,389.1
Total Shares Outstanding	1,852	1,966	2,022.9	2,068.4	2,114.6	2,124.6	2,159.6	2,213.6	2,269.3	2,338.3
Diluted Weighted Average Shares Outstanding	1,937.2	1,997	2,049.2	2,040.2	2,105.1	2,139.8	2,188.4	2,329	2,308.5	2,389.1
EBITDA	25,214	24,629	21,943	19,674	16,608	14,848	15,657	13,567	12,700	8,385
Effective Tax Rate	17.1%	17.4%	17.9%	17.5%	23.4%	21.2%	18.8%	19.6%	42.7%	25.2%