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

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Personnel

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Marketing

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Network and Processing

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Litigation Provision

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Visa Europe Framework Agreement Loss

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Total Operating Expenses

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Operating Income

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Other

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Service Revenues

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Data Processing Revenues

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International Transaction Revenues

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Other Revenues

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Client Incentives

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Total Non-Operating Income

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Income Before Income Taxes

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Income Tax Provision

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Net Income

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Class a Common Stock

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Class B Common Stock

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Class B-1 Common Stock

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Class B-2 Common Stock

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Class C Common Stock

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Total Revenues

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Cost of Sales

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Gross Profit

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Gross Profit Margin

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Selling, General & Administrative Expenses

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Depreciation & Amortization Expenses

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Operating Profit

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Interest and Investment Income

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Non-Operating Income

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Income Before Provision for Income Taxes

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Provision for Income Taxes

Revenue

EBIT

EBITDA

CapEx

Net Interest Income

Assets

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Adjusted Net Income

Average Assets

Adjusted EBIT

Adjusted Revenue

Adjusted EBT

Adjusted Funds From Operations

Income Statement	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Total Revenues	40,000	38,893	37,621	36,802	35,926	34,918
Total Revenues %Chg	11.3%	11.4%	10.2%	10.3%	10%	9.7%
Service Revenues
Data Processing Revenues
International Transaction Revenues
Other Revenues
Client Incentives
Cost of Sales	7,855	7,691	7,491	7,402	7,042	6,920
Network and Processing
Personnel
Gross Profit	32,145	31,202	30,130	29,400	28,884	27,998
Gross Profit Margin	80.4%	80.2%	80.1%	79.9%	80.4%	80.2%
Selling, General & Administrative Expenses	4,369	4,160	3,982	3,959	3,793	3,614
Marketing
Professional Fees
General and Administrative
Depreciation & Amortization Expenses	1,220	1,178	1,125	1,069	1,034	1,007
Depreciation and Amortization
Other Operating Expenses	2,562	1,669	1,067	497	462	581
Litigation Provision
Visa Europe Framework Agreement Loss
Operating Profit	23,994	24,195	23,956	23,875	23,595	22,796
Operating Income
Operating Margin	60%	62.2%	63.7%	64.9%	65.7%	65.3%
Interest and Investment Income	789	703	755	835	962	1,032
Investment Income and Other
Interest Expense	-589	-555	-712	-636	-641	-648
Interest Expense
Non-Operating Income	—	—	—	—	—	—
Other
Total Non-Operating Income	200	148	43	199	321	384
Total Non-Operating Income
Income Before Provision for Income Taxes	24,194	24,343	23,999	24,074	23,916	23,180
Income Before Income Taxes
Provision for Income Taxes	4,136	4,057	4,113	4,102	4,173	4,074
Income Tax Provision
Consolidated Net Income	20,058	20,286	19,886	19,972	19,743	19,106
Net Income Attributable to Common Shareholders	20,058	20,286	19,886	19,972	19,743	19,106
Net Income
Basic EPS	10.2	10.3	10	9.9	9.7	9.4
Diluted EPS	10.2	10.2	10	9.9	9.7	9.4
Basic Weighted Average Shares Outstanding	1,937.2	1,932.1	1,959.3	1,984	1,997	2,003.8
Total Shares Outstanding	1,852	1,929.9	1,942.9	1,957	1,966	1,984.4
Diluted Weighted Average Shares Outstanding	1,937.2	1,974.2	1,991.7	2,007.9	1,997	2,030.2
EBITDA	25,214	25,373	25,081	24,944	24,629	23,803
Effective Tax Rate	17.1%	16.7%	17.1%	17%	17.4%	17.6%