Global payments technology company enabling digital commerce transactions worldwide with credit, debit, and prepaid card services.
Profile & Fundamentals
Visa: Company identity, ownership, reported financial performance, balance sheets, and corporate actions.
Profile & Fundamentals
Visa Profile & Fundamentals
Examine company identity, ownership, reported performance, valuation, balance-sheet resilience, dividends, buybacks, and material corporate events.
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Company and Market Context
Company Profile & Ownership
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.
Company profile record
Visa Inc. Class A
Common Stock · Financials · Transaction & Payment Processing Services
Company
- Company / asset
- Visa Inc. Class A
- Security type
- Common Stock
- Sector
- Financials
- Industry
- Transaction & Payment Processing Services
- HQ
- 🇺🇸 United States
- Head office
- 300 Toni Stone Crossing, San Francisco, CA, United States, 94158
Leadership & scale
- Chief executive
- Mr. Ryan M. McInerney
- CEO year born
- 1975
- Full-time employees
- 34.1K
- Fiscal year end
- September
- IPO date
- 2008-03-19
Fundamentals snapshot
- Market Cap
- USD 716.4B
- P/E
- 31.7x
- Revenue (Q2 26)
- USD 11.6B
- Profit (Q2 26)
- USD 5.6B
- Dividend Yield
- 0.5%
- Revenue (FY 25)
- USD 40.0B
- Shares in public float
- 1.7B
- Insider ownership
- 0.08%
Reporting & identifiers
- Symbol
- V.NYSE
- Listing
- 🇺🇸 United States | Dividend Tax: 30%
- Ticker Currency
- USD
- Income Statement Currency
- USD
- Balance Sheet Currency
- USD
- Cash Flow Currency
- USD
- EPS Currency
- USD
- Contract Type
- SPOT
- ISIN
- US92826C8394
- Asset ID
- equity_013d2cbc-1a8a-5434-a2ad-8d6d943eb036
Ownership
Shares Outstanding
Latest: 1.9B | Max: 2.4B | Min: 1.9B
Latest reported ownership snapshot
As of Oct 1, 2026Float Shares
88.13%
1.7B latest reported shares
Insider Ownership
0.08%
Latest reported insider stake
Short Float
0.01%
Latest reported short interest / float
Top Holders
Source tablesView ownership tables
Shares Outstanding
Annual reported shares outstanding; up to 10 reporting dates.
Scroll the table to see every column.
| Reporting date | Shares outstanding |
|---|---|
| 2017-01-01 | 2,353,000,000 |
| 2018-01-01 | 2,291,000,000 |
| 2019-01-01 | 2,240,000,000 |
| 2020-01-01 | 2,200,000,000 |
| 2021-01-01 | 2,159,000,000 |
| 2022-01-01 | 2,102,000,000 |
| 2023-01-01 | 2,045,000,000 |
| 2024-01-01 | 1,985,000,000 |
| 2025-01-01 | 1,933,000,000 |
| 2026-01-01 | 1,933,000,000 |
Top Holders
Available reported ownership records.
Scroll the table to see every column.
| Holder | Shares | Ownership | Reported date |
|---|---|---|---|
| BlackRock Inc | 136,190,947 | 7.29% | 2026-03-31 |
| Vanguard Capital Management, LLC | 107,005,168 | 5.73% | 2026-03-31 |
| State Street Corp | 82,306,015 | 4.41% | 2026-03-31 |
| Vanguard MStar Total Stk Mkt Idx Invest | 52,743,532 | 2.81% | 2026-08-31 |
| Morgan Stanley - Brokerage Accounts | 45,979,950 | 2.46% | 2026-03-31 |
| FMR Inc | 44,908,229 | 2.41% | 2026-03-31 |
| Geode Capital Management, LLC | 44,883,639 | 2.4% | 2026-03-31 |
| Vanguard 500 Index Investor | 43,235,762 | 2.3% | 2026-08-31 |
| T. Rowe Price Associates, Inc. | 41,075,869 | 2.2% | 2026-03-31 |
| Vanguard Portfolio Management, LLC | 37,604,815 | 2.01% | 2026-03-31 |
| TCI Fund Management Limited | 30,468,133 | 1.63% | 2026-03-31 |
| Capital World Investors | 28,269,307 | 1.51% | 2026-06-30 |
| Capital Research & Mgmt Co - Division 3 | 24,443,349 | 1.31% | 2026-06-30 |
| Bank of America Corp | 22,881,733 | 1.23% | 2026-03-31 |
| iShares Core S&P 500 ETF | 22,101,639 | 1.18% | 2026-08-31 |
Earnings, Profitability & Valuation
Earnings, Profitability & Valuation
Earnings & Revenue
Earnings and Revenue Trajectory
AI Review
Visa's financial engine continues to demonstrate world-class reliability, expanding trailing twelve-month revenue to 44.5 billion dollars with net income crossing 22.6 billion dollars. This top-line momentum is powered by resilient consumer card spending and a steady recovery in lucrative international travel transactions. High cash generation remains the hallmark of the business, with trailing free cash flow reaching 21.0 billion dollars and converting over ninety percent of reported earnings into distributable cash. Beneath the strong headline numbers, recent quarters have absorbed notable restructuring severance costs and litigation reserves, which temporarily dampened net earnings growth relative to revenue. Nevertheless, organic transaction volumes and high-margin security services continue to expand, confirming that the underlying tollbooth economics remain completely intact.
Visa's financial engine continues to demonstrate world-class reliability, expanding trailing twelve-month revenue to 44.5 billion dollars with net income crossing 22.6 billion dollars. This top-line momentum is powered by resilient consumer card spending and a steady recovery in lucrative international travel transactions. High cash generation remains the hallmark of the business, with trailing free cash flow reaching 21.0 billion dollars and converting over ninety percent of reported earnings into distributable cash. Beneath the strong headline numbers, recent quarters have absorbed notable restructuring severance costs and litigation reserves, which temporarily dampened net earnings growth relative to revenue. Nevertheless, organic transaction volumes and high-margin security services continue to expand, confirming that the underlying tollbooth economics remain completely intact.
Revenue, Net Income, and Free Cash Flow
Latest: USD 40.0B | Max: USD 40.0B | Min: USD 5.1B
Valuation
P/E Ratio (TTM)iPublished valuation snapshots use the earnings basis recorded with each observation. Source tables retain that basis.
Latest: 33x
Profitability & Margins
Margins and Operating Efficiency
AI Review
Visa commands extraordinary profitability that resembles a sovereign royalty, maintaining gross margins near eighty percent and operating margins around sixty percent. Because running extra digital swipes across established fiber-optic cables costs virtually nothing, incremental transactions drop almost entirely into operating profit. While operating margins dipped slightly from peak levels of 65.7 percent in fiscal 2024 due to litigation provisions and higher rebate incentives paid to bank partners, overall profitability remains peerless. Rapid double-digit expansion in high-margin fraud protection and data services provides a natural counterbalance, locking in net profit margins above fifty percent over the coming years.
Visa commands extraordinary profitability that resembles a sovereign royalty, maintaining gross margins near eighty percent and operating margins around sixty percent. Because running extra digital swipes across established fiber-optic cables costs virtually nothing, incremental transactions drop almost entirely into operating profit. While operating margins dipped slightly from peak levels of 65.7 percent in fiscal 2024 due to litigation provisions and higher rebate incentives paid to bank partners, overall profitability remains peerless. Rapid double-digit expansion in high-margin fraud protection and data services provides a natural counterbalance, locking in net profit margins above fifty percent over the coming years.
Profitability Margins
Latest: 80.4% | Max: 82.3% | Min: 36.5%
Latest Profitability Ratios as of 2025-09-30
Gross Margin
80.4%
Gross profit / revenue
Operating Margin
60.0%
Operating income / revenue
Net Margin
50.1%
Net income / revenue
FCF Margin
53.9%
Free cash flow / revenue
Source tablesView earnings, profitability & valuation tables
Revenue, Net Income, and Free Cash Flow
Annual reported results, using the source statement's recorded USD conversion. Up to 10 reporting periods; missing values are not estimated.
Scroll the table to see every column.
| Period end | Revenue (USD) | Net income (USD) | Free cash flow (USD) |
|---|---|---|---|
| 2016-09-30 | 15,082,000,000 | 5,991,000,000 | 5,051,000,000 |
| 2017-09-30 | 18,358,000,000 | 6,699,000,000 | 8,501,000,000 |
| 2018-09-30 | 20,609,000,000 | 10,301,000,000 | 11,995,000,000 |
| 2019-09-30 | 22,977,000,000 | 12,080,000,000 | 12,028,000,000 |
| 2020-09-30 | 21,846,000,000 | 10,866,000,000 | 9,704,000,000 |
| 2021-09-30 | 24,105,000,000 | 12,311,000,000 | 14,522,000,000 |
| 2022-09-30 | 29,310,000,000 | 14,957,000,000 | 17,879,000,000 |
| 2023-09-30 | 32,653,000,000 | 17,273,000,000 | 19,696,000,000 |
| 2024-09-30 | 35,926,000,000 | 19,743,000,000 | 18,693,000,000 |
| 2025-09-30 | 40,000,000,000 | 20,058,000,000 | 21,577,000,000 |
Published P/E Ratio
Published valuation snapshots retain each observation's earnings basis.
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| Period end | P/E (times earnings) | Earnings basis |
|---|---|---|
| 2025-09-30 | 32.9 | Trailing four quarters |
| 2024-09-30 | 27.64 | Trailing four quarters |
| 2023-09-30 | 27.23 | Trailing four quarters |
| 2022-09-30 | 24.97 | Annual net income |
| 2021-09-30 | 39.06 | Annual net income |
Profitability Margins
Matching annual reporting dates. Values are percentages.
Scroll the table to see every column.
| Period end | Gross margin (%) | Operating margin (%) | Net margin (%) | Free cash flow margin (%) |
|---|---|---|---|---|
| 2016-09-30 | 81.67 | 52.27 | 39.72 | 33.49 |
| 2017-09-30 | 82.31 | 66.15 | 36.49 | 46.31 |
| 2018-09-30 | 81.29 | 62.86 | 49.98 | 58.2 |
| 2019-09-30 | 81.87 | 65.29 | 52.57 | 52.35 |
| 2020-09-30 | 79.35 | 64.46 | 49.74 | 44.42 |
| 2021-09-30 | 79.38 | 65.56 | 51.07 | 60.24 |
| 2022-09-30 | 80.44 | 64.19 | 51.03 | 61 |
| 2023-09-30 | 79.89 | 64.31 | 52.9 | 60.32 |
| 2024-09-30 | 80.4 | 65.68 | 54.95 | 52.03 |
| 2025-09-30 | 80.36 | 59.99 | 50.14 | 53.94 |
Public data excerpt created by iPulse AI and published by Future Edge Group FZE. Source: eodhd. Snapshot retrieved 2026-09-29.
Use is subject to the iPulse AI Terms of Service and applicable source rights. Missing inputs are not estimated. Full access includes the remaining records, research and interactive tools.
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