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Companies / Financials / Visa Inc.
V

Visa Inc.

FinancialsBusiness ServicesS&P 500
Ticker VSAN FRANCISCO, CAFiscal year ends SeptemberBook value per share $18.36Diluted shares 1.9B

Visa (NYSE: V) operates a global digital payments network that connects consumers, sellers, financial institutions and governments. Its VisaNet network facilitates transaction authorization, clearing and settlement, while its products support credit, debit, prepaid and cash-access payments; Visa also provides… From the company’s description.

In fiscal 2025, Visa Inc. reported revenue of $40.00B, up 11.3% from fiscal 2024, and net income of $20.06B. Its operating margin was 60.0%, and operations generated $23.06B in cash. Over the twelve months to Jun 30, 2026, revenue was $44.49B.

Fiscal year 2025 · ends 09-30Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$40.00BFY2025
+11.3% year over year
Last 12 mo $44.49B
59.98%FY2025
−5.7 percentage points
Last 12 mo 60.68%
$20.06BFY2025
+1.6% year over year
Last 12 mo $22.59B
52.91%FY2025
+2.5 percentage points
Last 12 mo 64.22%
Cash & financing
$23.06BFY2025
+15.6% year over year
Last 12 mo $22.58B
$21.58BFY2025
+15.4% year over year
Last 12 mo $21.01B
0.66FY2025
Was 0.53× a year earlier
Last 12 mo 0.68
2.0BFY2025
−3.1% year over year
Last 12 mo 1.9B

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Visa Inc. does

In the company’s own words

Visa (NYSE: V) operates a global digital payments network that connects consumers, sellers, financial institutions and governments. Its VisaNet network facilitates transaction authorization, clearing and settlement, while its products support credit, debit, prepaid and cash-access payments; Visa also provides commercial payment and money-movement solutions, fraud prevention, payment processing and advisory services. Customers and partners include nearly 14,500 financial institutions, as well as fintechs, digital wallets, businesses and public-sector organizations. Visa organizes its growth strategy around Consumer Payments, Commercial and Money Movement Solutions, and Value-Added Services, which include issuing, acceptance, risk and security, and advisory offerings. Its brands and platforms include Visa Direct, Cybersource, Authorize.net, Tink, Visa DPS and Pismo. Visa has facilitated commerce and money movement since 1958 and operates in more than 200 countries and territories. In fiscal 2025, it processed 258 billion transactions and recorded $17 trillion in total payments and cash volume; its workforce was approximately 34,100 employees.

Company details
Sector
Financials
Industry (SIC)
Business Services
Headquarters
SAN FRANCISCO, CA
Fiscal year end
September
CIK
1403161
SIC
7389

Financial performance, year by year

Fiscal 2013–2025 · USD
$-4.45B$8.90B$22.24B$35.59B$48.94B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Visa Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

1.7K
funds hold it
14 of 35
superinvestors hold it
$178.59B
held by funds, at market
31.0%
of shares held by funds
20
bond issues held by funds

Superinvestors in Visa Inc. · what they did last quarter

Chris HohnINCREASED +0.1%
TCI Fund Management
19.8%of 13F portfolio
Terry SmithDECREASED -34.9%
Fundsmith
5.1%of 13F portfolio
Polen CapitalDECREASED -26.2%
Polen Capital Management
5.3%of 13F portfolio

Share of each manager’s reported 13F portfolio. Change is in shares held, since the previous quarter.

Largest fund holders · Visa Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.77%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.87%of fund net assets
iShares Core S&P 500 ETF
IVV · iShares Trust
0.88%of fund net assets
Fidelity 500 Index Fund
FXAIX · Fidelity Concord Street Trust
0.84%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Visa Inc.’s bonds, as funds hold them

Funds report holding 20 issues of Visa Inc.’s debt, $1.64B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.26%, maturing 2027 to 2050.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Fund ownership is a subset of institutional 13F ownership — the two describe overlapping populations and must not be added together.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Visa Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Visa Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Visa Inc.'s last four quarterly filings that the numbers alone won't show?”
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