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Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a platform which facilitates money movement, enabling clients to collect, hold, convert, and send funds across its network; and issuing solutions, such as airport lounge access, dining reservations, shopping experiences, event tickets, and seller offers. In addition, the company provides acceptance solutions, an omnichannel payment integration with e-commerce platforms; risk detection and prevention solutions; and advisory and other services comprising consulting practice, proprietary analytics models, data scientists and economists, marketing services, and managed services. It provides its services under the Visa, Visa Electron, V PAY, Interlink, and PLUS brands. The company serves consumers, sellers, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.
Rule-based from financial data. Not advice.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 5 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $40.0B | $26.0B | $20.1B | $21.6B | 54.0% | 11.3% | 1.6% |
| 2024 | $35.9B | $25.6B | $19.7B | $18.7B | 51.8% | 10.0% | 14.3% |
| 2023 | $32.7B | $22.6B | $17.3B | $19.7B | 46.6% | 11.4% | 15.5% |
| 2022 | $29.3B | $19.5B | $15.0B | $17.9B | 45.0% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2025 |
|---|---|
| Total Revenue | 40,000 |
| Operating Revenue | 51,698 |
| Cost Of Revenue | 7,855 |
| Gross Profit | 32,145 |
| Operating Expense | 5,589 |
| Selling General And Administration | 4,369 |
| Total Expenses | 13,444 |
| Operating Income | 26,556 |
| Total Operating Income As Reported | 23,994 |
| EBITDA | 26,003 |
| Normalized EBITDA | 27,776 |
| Interest Expense | 589 |
| Net Interest Income | -589 |
| Other Income Expense | -1,773 |
| Interest Expense Non Operating | 589 |
| Net Non Operating Interest Income Expense | -589 |
| Pretax Income | 24,194 |
| Tax Provision | 4,136 |
| Tax Rate For Calcs | 0 |
| Tax Effect Of Unusual Items | -303.10 |
| Net Income Continuous Operations | 20,058 |
| Net Income From Continuing And Discontinued Operation | 20,058 |
| Net Income From Continuing Operation Net Minority Interest | 20,058 |
| Net Income | 20,058 |
| Net Income Common Stockholders | 19,853 |
| Net Income Including Noncontrolling Interests | 20,058 |
| Normalized Income | 21,527.90 |
| Diluted NI Availto Com Stockholders | 19,853 |
| Basic Average Shares | 1,942 |
| Diluted Average Shares | 2,194 |
| Reconciled Depreciation | 1,220 |
| Reconciled Cost Of Revenue | 7,855 |
| Total Unusual Items | -1,773 |
| Total Unusual Items Excluding Goodwill | -1,773 |
| Special Income Charges | -2,562 |
| Other Special Charges | 2,562 |
| Gain On Sale Of Security | 789 |
| Depreciation Amortization Depletion Income Statement | 1,220 |
| Depreciation And Amortization In Income Statement | 1,220 |
| General And Administrative Expense | 2,685 |
| Other Gand A | 2,685 |
| Selling And Marketing Expense | 1,684 |
| Otherunder Preferred Stock Dividend | 205 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Visa Inc.this co. | V | $608.9B | 30.67↑ premium | 16.06 | 52.4% | 23.65 |
| JPMorgan Chase & Co. | JPM | $833.0B | 14.96 | 2.30 | 15.4% | - |
| Mastercard Incorporated | MA | $425.7B | 28.44 | 55.02 | 193.5% | 21.22 |
| Bank of America Corporation | BAC | $384.4B | 12.60 | 1.39 | 11.0% | - |
| Morgan Stanley | MS | $344.3B | 20.42 |
| - |
| - |
| - |
| - |
| 3.38 |
| 16.5% |
| - |
| The Goldman Sachs Group, Inc. | GS | $322.3B | 19.77 | 2.58 | 13.0% | - |
| Wells Fargo & Company | WFC | $249.8B | 11.71 | 1.52 | 13.0% | - |
| Citigroup Inc. | C | $230.5B | 17.70 | 1.09 | 6.1% | - |
| American Express Company | AXP | $213.2B | 19.68 | 6.37 | 32.4% | - |
| Peer Median | - | 18.69 | 2.44 | 14.2% | 21.22 | |