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Visa Inc (V) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for V. Market data source · as of 2026-03-31.

Section freshness

Price Aug 3, 9:58 AM EDT · Statements Mar 30, 8:00 PM EDT

Financial read

V latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$11.23B

+18.1% YoY

Net income

$6.02B

+2.9% QoQ

Net margin

53.62%

Operating margin 64.42%

Balance sheet coverage

V balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-03-31

Open balance sheet table

Latest period

Q1 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$95.05B

Liabilities $59.39B

Cash / debt

$12.40B

Net cash -$10.01B

Equity / working capital

—

Working capital $2.55B

Financial statements

V statement coverage.

Income statement, balance sheet, and cash-flow figures for V, with quarterly and annual history in the tables below.

Data last updated

Mar 30, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual V statements, sourced from Market data source · as of 2026-03-31.

Financial statement period

V statement history

Market data source · as of 2026-03-31 · Data last updated: Mar 30, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q1 FY2026	$11.23B	$7.23B	$6.02B	53.62%	+3.0%	+2.9%
Q4 FY2025	$10.90B	$6.74B	$5.85B	53.69%	+7.2%	+11.0%
Q2 FY2025	$10.17B	$6.18B	$5.27B	51.83%	+6.0%	+15.2%
Q1 FY2025	$9.59B	$5.43B	$4.58B	47.71%	+0.9%	-10.6%
Q4 FY2024	$9.51B	$6.23B	$5.12B	53.83%	+6.9%	+5.1%
Q2 FY2024	$8.90B	$5.94B	$4.87B	54.74%	+1.4%	+4.5%
Q1 FY2024	$8.78B	$5.35B	$4.66B	53.14%	+1.6%	-4.6%
Q4 FY2023	$8.63B	$5.95B	$4.89B	56.64%	+6.3%	+17.7%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total debt	Debt QoQ
Q1 FY2026	$12.40B	$31.63B	$29.08B	$95.05B	$59.39B	$22.42B	+14.4%
Q4 FY2025	$14.76B	$35.00B	$31.49B	$96.81B	$58.04B	$19.59B	-0.1%
Q3 FY2025	$17.16B	$37.77B	$35.05B	$99.63B	$61.72B	$19.60B	+0.1%
Q2 FY2025	$17.09B	$38.40B	$34.43B	$100.02B	$61.36B	$19.59B	+16.5%
Q1 FY2025	$11.73B	$32.93B	$30.38B	$92.85B	$54.82B	$16.81B	+0.8%
Q4 FY2024	$12.37B	$32.62B	$29.09B	$91.89B	$53.59B	$16.68B	-19.9%
Q3 FY2024	$11.97B	$34.03B	$26.52B	$94.51B	$55.37B	$20.84B	+1.1%
Q2 FY2024	$12.95B	$31.04B	$22.61B	$91.04B	$51.31B	$20.60B	-0.0%

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Stock comp	Debt issuance	Dividends paid	Buybacks	Change in cash	FCF QoQ
Q1 FY2026				$6.02B
Q4 FY2025				$5.85B
Q2 FY2025				$5.27B
Q1 FY2025				$4.58B
Q4 FY2024				$5.12B
Q2 FY2024				$4.87B
Q1 FY2024				$4.66B
Q4 FY2023				$4.89B

Valuation and returns

Enterprise value: $701.35B; TECHi computed

Return on equity: 46.10%; Market data source

Return on assets: 22.85%; Market data source

Debt / equity: 0.52; Current ratio 1.09

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $41.90B; TTM statement fallback

Annual income base: $21.72B; TTM statement fallback

Market cap / annual revenue: 16.50; Live market value divided by annual revenue

Market cap / annual income: 31.83; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue16.74

Market capitalization bridge

Market cap / annual revenue16.50

Market cap / annual income31.83

TTM valuation multiples

TTM revenue: $41.90B; Trailing twelve months

TTM EBIT: $25.58B; TTM operating income

Market cap / TTM revenue: 16.50; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 16.74; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income31.83

EV / TTM EBIT27.41

Revenue, net income, and free cash flow

Revenue$11.23BNet income$6.02B

Q2 FY2024Q2 FY2025Q1 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Revenue / employee: $1.33M; 31,600 employees

Net income / employee: $687,436.709; TTM net income divided by employees

Market cap / employee: $21.88M; Live value per employee

Growth vs cost pressure

Revenue growth YoY+18.1%

Debt growth YoY+33.3%

Quarterly margin heatmap

Gross margin

Q2 FY2024

—

Q4 FY2024

—

Q1 FY2025

—

Q2 FY2025

—

Q4 FY2025

—

Q1 FY2026

—

Operating margin

Q2 FY2024

66.72%

Q4 FY2024

65.55%

Q1 FY2025

56.65%

Q2 FY2025

60.73%

Q4 FY2025

61.80%

Q1 FY2026

64.42%

Net margin

Q2 FY2024

54.74%

Q4 FY2024

53.83%

Q1 FY2025

47.71%

Q2 FY2025

51.83%

Q4 FY2025

53.69%

Q1 FY2026

53.62%

Profit bridge

EBIT$7.23B

Pretax income$7.17B

Tax expense$1.15B

Other income statement lines

Income before tax$7.17B

Income tax expense$1.15B

Balance sheet · Q1 FY2026

Cash & equivalents: $12.40B

Total debt: $22.42B

Net cash: -$10.01B; Net debt position

Balance sheet detail

Current assets: $31.63B

Current liabilities: $29.08B

Receivables: $3.40B

Property, plant & equipment: $4.78B

Long-term debt: $22.42B

Debt and liquidity

Debt / revenuei0.54

Debt / income1.03

Cash / debt0.55

Quick ratioi0.54

Cash + short-term investments + receivables / current liabilities

Cash generation

Frequently asked

Common questions.

What financial data is available for V?

The V Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for Visa Inc. Missing modules and empty line items are omitted.

How current are V's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is Visa Inc's reported net margin?

Visa Inc's fresh reported margin field is 51.85%. The Financials page shows the supporting period data currently available for V.