V (Visa Inc.) Stock Financials & Earnings

Company Info & Key Metrics

Financial Services Financial - Credit Services

Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and governme...

CEORyan McInerney

Country🇺🇸 United States

ExchangeNYSE

IPOMar 19, 2008

usa.visa.com

Revenue$10.9B

YoY Growth+14.6%

QoQ Growth+1.7%

Net Income$5.9B

EPS$3.03

Free Cash Flow$6.4B

Gross Margin81.7%

Op. Margin61.8%

Net Margin53.7%

FCF Margin58.7%

Rev Multiple (TTM)14.7x

P/E Ratio (TTM)29.3x

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q2 23	$8.0B	$6.3B	$5.3B
Q3 23	$8.1B	$6.5B	$5.0B
Q4 23	$8.6B	$6.9B	$5.5B
Q1 24	$8.6B	$7.0B	$6.0B
Q2 24	$8.8B	$7.0B	$5.4B
Q3 24	$8.9B	$7.1B	$5.9B
Q4 24	$9.6B	$7.8B	$6.3B
Q1 25	$9.5B	$7.5B	$6.2B
Q2 25	$9.6B	$7.7B	$5.4B
Q3 25	$10.2B	$8.2B	$6.2B
Q4 25	$10.7B	$8.7B	$6.1B
Q1 26	$10.9B	$8.9B	$6.7B

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q2 23	19.7x	38.6x
Q3 23	19.1x	36.8x
Q4 23	18.7x	35.3x
Q1 24	18.3x	33.9x
Q2 24	17.8x	33.1x
Q3 24	17.4x	31.9x
Q4 24	17.0x	30.9x
Q1 25	16.6x	30.5x
Q2 25	16.2x	30.6x
Q3 25	15.7x	30.0x
Q4 25	15.2x	30.4x
Q1 26	14.7x	29.3x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 23	$3.9B	$3.6B
Q3 23	$5.8B	$5.5B
Q4 23	$6.9B	$6.6B
Q1 24	$3.6B	$3.3B
Q2 24	$4.5B	$4.3B
Q3 24	$5.1B	$4.7B
Q4 24	$6.7B	$6.4B
Q1 25	$5.4B	$5.1B
Q2 25	$4.7B	$4.4B
Q3 25	$6.7B	$6.3B
Q4 25	$6.2B	$5.8B
Q1 26	$6.8B	$6.4B

Capital Expenditures

CapEx

Quarter	CapEx
Q2 23	$210M
Q3 23	$295M
Q4 23	$305M
Q1 24	$267M
Q2 24	$281M
Q3 24	$400M
Q4 24	$309M
Q1 25	$345M
Q2 25	$327M
Q3 25	$421M
Q4 25	$389M
Q1 26	$378M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+11.1%	+11.0%
Q3 23	+11.7%	-0.9%
Q4 23	+10.6%	+13.3%
Q1 24	+8.8%	-5.8%
Q2 24	+9.9%	+29.1%
Q3 24	+9.6%	-4.4%
Q4 24	+11.7%	+6.8%
Q1 25	+10.1%	+22.2%
Q2 25	+9.3%	+21.6%
Q3 25	+14.3%	+34.9%
Q4 25	+11.5%	+40.0%
Q1 26	+14.6%	+27.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 23	$214M	2.7%
Q3 23	$184M	2.3%
Q4 23	$174M	2.0%
Q1 24	$209M	2.4%
Q2 24	$242M	2.8%
Q3 24	$211M	2.4%
Q4 24	$188M	2.0%
Q1 25	$224M	2.4%
Q2 25	$259M	2.7%
Q3 25	$223M	2.2%
Q4 25	$191M	1.8%
Q1 26	$231M	2.1%

OpEx Breakdown

Quarter	G&A	S&M
Q2 23	$412M	$309M
Q3 23	$447M	$297M
Q4 23	$585M	$403M
Q1 24	$471M	$293M
Q2 24	$612M	$338M
Q3 24	$534M	$378M
Q4 24	$616M	$551M
Q1 25	$624M	$306M
Q2 25	$592M	$381M
Q3 25	$669M	$421M
Q4 25	$800M	$576M
Q1 26	$723M	$410M

Revenue by Geography

Quarter	Non-US	United States
Q2 23	$4.4B	$3.5B
Q3 23	$4.7B	$3.4B
Q4 23	$5.0B	$3.6B
Q1 24	$5.0B	$3.6B
Q2 24	$5.1B	$3.6B
Q3 24	$5.3B	$3.6B
Q4 24	$5.7B	$3.9B
Q1 25	$5.8B	$3.7B
Q2 25	$5.8B	$3.8B
Q3 25	$6.2B	$3.9B
Q4 25	$6.6B	$4.2B
Q1 26	$6.7B	$4.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 23	$13.8B	$2.8B	$16.6B
Q3 23	$15.6B	$3.2B	$18.8B
Q4 23	$16.3B	$3.8B	$20.1B
Q1 24	$13.6B	$5.0B	$18.6B
Q2 24	$13.0B	$4.7B	$17.7B
Q3 24	$12.9B	$3.7B	$16.6B
Q4 24	$12.0B	$3.2B	$15.2B
Q1 25	$12.4B	$2.0B	$14.3B
Q2 25	$11.7B	$2.0B	$13.8B
Q3 25	$17.1B	$2.1B	$19.2B
Q4 25	$17.2B	$1.8B	$19.0B
Q1 26	$14.8B	$1.6B	$16.4B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q2 23	2.09B	-0.4%
Q3 23	2.08B	-0.6%
Q4 23	2.06B	-0.7%
Q1 24	2.04B	-1.0%
Q2 24	2.04B	-0.3%
Q3 24	2.03B	-0.5%
Q4 24	2.00B	-1.3%
Q1 25	1.99B	-0.9%
Q2 25	1.97B	-0.6%
Q3 25	1.96B	-0.8%
Q4 25	1.95B	-0.7%
Q1 26	1.93B	-0.6%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$1M	10K
FY 15	$1M	11K
FY 16	$1M	13K
FY 17	$1M	15K
FY 18	$1M	17K
FY 19	$1M	17K
FY 20	$1M	21K
FY 21	$1M	22K
FY 22	$1M	27K
FY 23	$1M	29K
FY 24	$1M	32K
FY 25	$1M	34K