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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Interest Expense

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Other

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Investment Income and 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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Other Operating Expenses

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Operating Profit

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Operating Margin

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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	Mar '25	Sep '24	Mar '24	Sep '23	Mar '23
Total Revenues	20,896	19,104	18,517	17,409	16,732	15,921
Total Revenues %Chg	12.8%	9.7%	10.7%	9.3%	11.1%	11.7%
Service Revenues
Data Processing Revenues
International Transaction Revenues
Other Revenues
Client Incentives
Cost of Sales	3,954	3,901	3,590	3,452	3,358	3,209
Network and Processing
Personnel
Gross Profit	16,942	15,203	14,927	13,957	13,374	12,712
Gross Profit Margin	81.1%	79.6%	80.6%	80.2%	79.9%	79.8%
Selling, General & Administrative Expenses	2,466	1,903	2,079	1,714	1,732	1,484
Marketing
Professional Fees
General and Administrative
Depreciation & Amortization Expenses	633	587	538	496	482	461
Depreciation and Amortization
Other Operating Expenses	1,518	1,044	23	439	586	341
Litigation Provision
Visa Europe Framework Agreement Loss
Operating Profit	12,325	11,669	12,287	11,308	10,574	10,426
Operating Income
Operating Margin	59%	61.1%	66.4%	65%	63.2%	65.5%
Interest and Investment Income	480	309	446	516	573	108
Investment Income and Other
Interest Expense	-249	-340	-372	-269	-365	-279
Interest Expense
Non-Operating Income	—	—	—	—	—	—
Other
Total Non-Operating Income	231	-31	74	247	208	-171
Total Non-Operating Income
Income Before Provision for Income Taxes	12,556	11,638	12,361	11,555	10,782	10,255
Income Before Income Taxes
Provision for Income Taxes	2,194	1,942	2,171	2,002	1,945	1,819
Income Tax Provision
Consolidated Net Income	10,362	9,696	10,190	9,553	8,837	8,436
Net Income Attributable to Common Shareholders	10,362	9,696	10,190	9,553	8,837	8,436
Net Income
Basic EPS	5.3	4.9	5.1	4.7	4.3	4
Diluted EPS	5.3	4.9	5.1	4.7	4.3	4
Basic Weighted Average Shares Outstanding	1,947.7	1,926.7	1,986.8	2,007.2	2,039.3	2,059
Total Shares Outstanding	1,852	1,942.9	1,966	1,998.9	2,022.9	2,050.6
Diluted Weighted Average Shares Outstanding	1,895.4	1,979	1,952.1	2,042	2,000.3	2,098
EBITDA	12,958	12,256	12,825	11,804	11,056	10,887
Effective Tax Rate	17.5%	16.7%	17.6%	17.3%	18%	17.7%