VISA INC.

10-K & 10-Q Filings

Visa Inc. is a global leader in digital payments with the purpose of being the best way to pay and be paid. The company facilitates secure, reliable, and efficient money movement among consumers, merchants, financial institutions, and government entities through innovative technologies. Visa's business model includes providing transaction processing services, such as authorization, clearing, and settlement, and offering value-added services like issuing, acceptance, risk and identity solutions, open banking, and advisory services. Visa's business strategy focuses on accelerating revenue growth in consumer payments, new flows, and value-added services. In consumer payments, the company offers credit, debit, and prepaid cards, as well as enabling technologies like tap to pay, tokenization, and Click to Pay. New flows involve facilitating commercial and global money movement across Visa's network of networks, including Visa Direct, Visa Commercial Solutions, and Visa Cross-Border Solutions. Value-added services include issuing solutions, acceptance solutions, risk and identity solutions, open banking, and advisory services. Visa's website is visa.com, and its stock ticker is V. The company's business segments include Service Revenues, Other Revenues, Data Processing Revenues, Client Incentives, and International Transaction Revenues. Visa is committed to fortifying the key foundations of its business model, which include becoming a network of networks, its technology platforms, security, brand, and talent. The company has a strong focus on partnerships with fintechs and has signed over 500 commercial partnerships with fintechs globally.

12 mos ending Sep 30, 201212 mos ending Sep 30, 201312 mos ending Sep 30, 201412 mos ending Sep 30, 201512 mos ending Sep 30, 201612 mos ending Sep 30, 201712 mos ending Sep 30, 201812 mos ending Sep 30, 201912 mos ending Sep 30, 202012 mos ending Sep 30, 202112 mos ending Sep 30, 202212 mos ending Sep 30, 20236 mos ending Mar 31, 20236 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$10421.00
11778.00
12702.00
13880.00
15082.00
18358.00
20609.00
22977.00
21846.00
23592.00
28772.00
32009.00
15642.00
17140.00
10.74%9.58%Selling, General & Administrative (-)
$1726.00
3727.00
3789.00
3972.00
4429.00
2628.00
5989.00
6466.00
6579.00
7091.00
8263.00
9238.00
4454.00
4875.00
16.47%9.45%Marketing Expenses (-)
$873.00
876.00
900.00
872.00
869.00
922.00
988.00
1105.00
971.00
1136.00
1336.00
1341.00
641.00
631.00
3.98%-1.56%Depreciation & Amortization (-)
$333.00
397.00
435.00
494.00
502.00
556.00
613.00
656.00
767.00
804.00
861.00
943.00
461.00
496.00
9.93%7.59%Operating Expenses (-)
$8282.00
4539.00
5005.00
4816.00
7199.00
6214.00
7655.00
7976.00
7765.00
8301.00
10497.00
5831.00
5495.00
6101.00
-3.14%11.03%Costs & Expenses (Total) (-)
$8282.00
4539.00
5005.00
4816.00
7199.00
6214.00
7655.00
7976.00
7765.00
8301.00
10497.00
11653.00
5495.00
6101.00
3.15%11.03%Operating Income/Loss (+)
$2139.00
7239.00
7697.00
9064.00
7883.00
12144.00
12954.00
15001.00
14081.00
15804.00
18813.00
21000.00
10426.00
11308.00
23.08%8.46%Non-operating Income/Expense (+)
$68.00
18.00
27.00
-69.00
129.00
-450.00
-148.00
-117.00
-291.00
259.00
-677.00
37.00
-171.00
247.00
-5.38%244.44%Interest Expense (-)
$-29.00
Earnings before Tax (+)
$2207.00
7257.00
7724.00
8995.00
8012.00
11694.00
12806.00
14884.00
13790.00
16063.00
18136.00
21037.00
10255.00
11555.00
22.75%12.68%Tax Expense (-)
$65.00
2277.00
2286.00
2667.00
2021.00
4995.00
2505.00
2804.00
2924.00
3752.00
3179.00
3764.00
1819.00
2002.00
44.63%10.06%Income/Loss (Continuing Operations) (+)
$2142.00
4980.00
5438.00
6328.00
5991.00
6699.00
10301.00
12080.00
10866.00
12311.00
14957.00
17273.00
8436.00
9553.00
20.90%13.24%Profit/Loss (+)
$2142.00
4980.00
5438.00
6328.00
5991.00
6699.00
10301.00
12080.00
10866.00
12311.00
14957.00
17273.00
8436.00
9553.00
20.90%13.24%Net Income/Loss (NCI) (-)
$-2.00
Net Income/Loss (+)
$2144.00
4980.00
5438.00
6328.00
5991.00
6699.00
10301.00
12080.00
10866.00
12311.00
14957.00
17273.00
8436.00
9553.00
20.89%13.24%Net Income/Loss (Common) (+)
$2144.00
4980.00
5438.00
6328.00
5991.00
6699.00
10301.00
12080.00
10866.00
12311.00
14957.00
17273.00
8436.00
9553.00
20.89%13.24%EPS (Basic)
$3.17
7.61
8.65
2.58
2.49
2.80
4.43
5.32
4.90
5.63
7.01
8.29
4.03
4.68
9.13%16.13%EPS (Diluted)
$3.16
7.59
8.62
2.58
2.48
2.80
4.42
5.32
4.89
5.63
7.00
8.28
4.02
4.68
9.15%16.42%Weighted Avg Shares (Basic)
524.00
520.00
498.00
1954.00
1906.00
1845.00
1792.00
1742.00
1697.00
1691.00
1651.00
1618.00
1627.00
1582.00
10.79%-2.77%Weighted Avg Shares (Diluted)
678.00
656.00
631.00
2457.00
2414.00
2395.00
2329.00
2272.00
2223.00
2188.00
2136.00
2085.00
2098.00
2042.00
10.75%-2.67%Cash
$6506.00
2235.00
3469.00
4590.00
6646.00
10905.00
9653.00
7838.00
16289.00
16487.00
15689.00
16286.00
13842.00
12993.00
8.70%-6.13%Short-term Investments
$743.00
2069.00
1979.00
2497.00
3319.00
3564.00
3449.00
Receivables
$723.00
761.00
822.00
847.00
1041.00
1132.00
1208.00
1542.00
1618.00
1968.00
2020.00
2291.00
2122.00
2272.00
11.05%7.07%Prepaid Expenses (Current)
$301.00
Other Assets (Current)
$3513.00
2757.00
3292.00
2958.00
3307.00
3422.00
3906.00
11590.00
9738.00
9152.00
12496.00
14955.00
12693.00
17510.00
14.08%37.95%Assets (Current)
$11786.00
7822.00
9562.00
10892.00
14313.00
19023.00
18216.00
20970.00
27645.00
27607.00
30205.00
33532.00
28657.00
32775.00
9.97%14.37%Securities & Long-term Investments
$3283.00
2760.00
3015.00
3384.00
3931.00
1926.00
2157.00
231.00
1705.00
2136.00
1921.00
2840.00
3092.00
-4.76%8.87%Property, Plant & Equipment (Net)
$1634.00
1732.00
1892.00
1888.00
2150.00
2253.00
2472.00
2695.00
2737.00
2715.00
3223.00
3425.00
3359.00
3630.00
6.96%8.07%Goodwill & Intangibles
$23101.00
23032.00
23164.00
23186.00
42300.00
42958.00
42752.00
42436.00
43718.00
43622.00
42852.00
44101.00
44652.00
45212.00
6.05%1.25%Other Assets
$209.00
610.00
936.00
886.00
1341.00
1817.00
5785.00
4316.00
6588.00
7247.00
7085.00
7520.00
7247.00
7690.00
38.50%6.11%Assets (Non-current)
$28227.00
28134.00
29007.00
29344.00
49722.00
48954.00
51009.00
51604.00
53274.00
55289.00
55296.00
56967.00
58098.00
59624.00
6.59%2.63%Assets (Total)
$40013.00
35956.00
38569.00
40236.00
64035.00
67977.00
69225.00
72574.00
80919.00
82896.00
85501.00
90499.00
86755.00
92399.00
7.70%6.51%Accounts Payable
$1196.00
1320.00
1221.00
1498.00
2004.00
2065.00
2244.00
2577.00
2835.00
3811.00
5425.00
6896.00
4904.00
5789.00
17.27%18.05%Debt (Current)
$
1749.00
2999.00
999.00
2250.00
Other Liabilities (Current)
$6758.00
3010.00
4785.00
3876.00
6042.00
6180.00
9061.00
10838.00
8676.00
10929.00
13178.00
16202.00
14193.00
17654.00
8.27%24.39%Liabilities (Current)
$7954.00
4335.00
6006.00
5374.00
8046.00
9994.00
11305.00
13415.00
14510.00
15739.00
20853.00
23098.00
19097.00
23443.00
10.18%22.76%Debt (Non-current)
$
15882.00
16618.00
16630.00
16729.00
21071.00
19978.00
20200.00
20463.00
20606.00
20603.00
-0.01%Other Liabilities
$4386.00
4756.00
5150.00
5020.00
7195.00
8605.00
7284.00
7746.00
9128.00
9590.00
8867.00
8205.00
8487.00
7868.00
5.86%-7.29%Liabilities (Non-current)
$4386.00
4756.00
5150.00
5020.00
23077.00
25223.00
23914.00
24475.00
30199.00
29568.00
29067.00
28668.00
29093.00
28471.00
18.61%-2.14%Liabilities (Total)
$12383.00
9086.00
11156.00
10394.00
31123.00
35217.00
35219.00
37890.00
44709.00
45307.00
49920.00
51766.00
48190.00
51914.00
13.89%7.73%Treasury Stock
$
170.00
Retained Earnings
$7809.00
7974.00
9131.00
11843.00
10462.00
9508.00
11318.00
13502.00
14088.00
15351.00
16116.00
18040.00
17610.00
19347.00
7.91%9.86%AOCI
$-171.00
21.00
-17.00
-74.00
-458.00
878.00
547.00
-650.00
354.00
436.00
-2369.00
-1317.00
-990.00
-998.00
-0.81%Shareholder's Equity
$27630.00
26870.00
27413.00
29842.00
32912.00
32760.00
34006.00
34684.00
36210.00
37589.00
35581.00
38733.00
38565.00
40485.00
3.12%4.98%Liabilities & Equity
$40013.00
35956.00
38569.00
40236.00
64035.00
67977.00
69225.00
72574.00
80919.00
82896.00
85501.00
90499.00
86755.00
92399.00
7.70%6.51%Net Income/Loss
$2142.00
4980.00
5438.00
6328.00
5991.00
6699.00
10301.00
12080.00
10866.00
12311.00
14957.00
17273.00
8436.00
9553.00
20.90%13.24%Depreciation & Amortization
$333.00
397.00
435.00
494.00
502.00
556.00
613.00
656.00
767.00
804.00
861.00
943.00
461.00
496.00
9.93%7.59%Increase/Decrease in Working Capital
$2100.00
6361.00
1252.00
3545.00
3526.00
4580.00
2657.00
6303.00
8398.00
6702.00
7657.00
10022.00
6962.00
8909.00
15.27%27.97%Share-based Compensation
$147.00
179.00
172.00
187.00
221.00
235.00
327.00
407.00
416.00
542.00
602.00
765.00
400.00
451.00
16.18%12.75%Adjustments to Reconcile Net Income
$2867.00
-1958.00
1767.00
256.00
-417.00
2509.00
2412.00
704.00
-426.00
2916.00
3892.00
3482.00
-405.00
-1401.00
1.78%-245.93%Net Cash (Operating)
$5009.00
3022.00
7205.00
6584.00
5574.00
9208.00
12713.00
12784.00
10440.00
15227.00
18849.00
20755.00
8031.00
8152.00
13.80%1.51%Capital Expenditure
$377.00
471.00
702.00
497.00
9605.00
997.00
900.00
2691.00
813.00
780.00
2918.00
1059.00
459.00
1463.00
9.84%218.74%Net Cash (Investing)
$-2414.00
-1164.00
-941.00
-1435.00
-10916.00
735.00
-3084.00
-591.00
1427.00
-152.00
-4288.00
-2006.00
-835.00
-3065.00
-267.07%Increase/Decrease in Debt
$-6.00
-6.00
15971.00
2488.00
-1750.00
7212.00
-3000.00
2218.00
-2250.00
-2250.00
Increase/Decrease in Equity
$-710.00
-5365.00
-4118.00
-2910.00
-7255.00
-6757.00
-7028.00
-8445.00
-7924.00
-8468.00
-11393.00
-11841.00
-5191.00
-6155.00
-18.57%Interest Expenses
$
244.00
489.00
545.00
537.00
537.00
643.00
607.00
617.00
293.00
261.00
-10.92%Dividends Paid
$595.00
864.00
1006.00
1177.00
1350.00
1579.00
1918.00
2269.00
2664.00
2798.00
3203.00
3751.00
1886.00
2120.00
18.22%12.41%Net Cash (Financing)
$-2655.00
-1746.00
-6478.00
-3603.00
7477.00
-5924.00
-11240.00
-12061.00
-3968.00
-14410.00
-12696.00
-17772.00
-9273.00
-8253.00
11.00%Cash Taxes Paid
$2057.00
595.00
2656.00
2486.00
2842.00
3038.00
2285.00
2648.00
2671.00
3012.00
3741.00
3433.00
2635.00
3658.00
4.77%38.82%Effect of Exchange Rate
$7.00
-1.00
1.00
-34.00
236.00
-101.00
-277.00
440.00
-37.00
-1287.00
636.00
828.00
124.00
50.67%-85.02%Increase/Decrease in Cash
$-53.00
112.00
-215.00
1547.00
2101.00
4255.00
-1712.00
-145.00
8339.00
628.00
578.00
1613.00
-1249.00
-3042.00
-143.55%Cash (Beginning)
$2127.00
2074.00
2186.00
1971.00
3518.00
5619.00
9874.00
10977.00
10832.00
19171.00
19799.00
20377.00
20377.00
21990.00
22.80%7.92%Cash (Ending)
$2074.00
2186.00
1971.00
3518.00
5619.00
9874.00
8162.00
10832.00
19171.00
19799.00
20377.00
21990.00
19128.00
18948.00
23.94%-0.94%NOPAT
$145.38
6645.48
5050.28
6558.93
5086.76
8989.09
10642.59
12332.18
11353.64
12840.57
14932.35
17573.04
7747.06
7728.19
54.63%-0.24%Operating Margin %
20.53%
61.46%
60.60%
65.30%
52.27%
66.15%
62.86%
65.29%
64.46%
66.99%
65.39%
65.61%
66.65%
65.97%
NOPAT Margin %
1.40%
56.42%
39.76%
47.25%
33.73%
48.97%
51.64%
53.67%
51.97%
54.43%
51.90%
54.90%
49.53%
45.09%
Net Margin %
20.57%
42.28%
42.81%
45.59%
39.72%
36.49%
49.98%
52.57%
49.74%
52.18%
51.98%
53.96%
53.93%
55.74%
Tax Rate %
93.20%
8.20%
34.39%
27.64%
35.47%
25.98%
17.84%
17.79%
19.37%
18.75%
20.63%
16.32%
25.69%
31.66%
ROA
0.36%
18.48%
13.09%
16.30%
7.94%
13.22%
15.37%
16.99%
14.03%
15.49%
17.46%
19.42%
8.93%
8.36%
ROE
0.53%
24.73%
18.42%
21.98%
15.46%
27.44%
31.30%
35.56%
31.35%
34.16%
41.97%
45.37%
20.09%
19.09%
ROIC
0.65%
27.83%
21.46%
27.47%
12.12%
20.89%
25.51%
30.10%
26.35%
31.02%
38.33%
46.22%
19.52%
20.22%
Asset Turnover
0.26
0.33
0.33
0.34
0.24
0.27
0.30
0.32
0.27
0.28
0.34
0.35
0.18
0.19
Equity Multiplier
1.45
1.34
1.41
1.35
1.95
2.08
2.04
2.09
2.23
2.21
2.40
2.34
2.25
2.28
Current Ratio
1.48
1.81
1.59
2.03
1.78
1.90
1.61
1.56
1.91
1.75
1.45
1.45
1.50
1.40
Quick Ratio
1.00
1.17
1.04
1.48
1.37
1.56
1.27
0.70
1.23
1.17
0.85
0.80
0.84
0.65
Debt/Equity Ratio
0.48
0.56
0.49
0.48
0.66
0.56
0.63
0.53
0.53
0.51
Interest Coverage Ratio
32.31
24.83
23.77
27.93
26.22
24.58
30.99
34.04
35.58
43.33
Working Capital/Sales
-0.24
-0.08
-0.12
-0.09
-0.16
-0.12
-0.17
-0.18
-0.15
-0.21
-0.25
-0.30
-0.53
-0.62
Dividend Payout Ratio %
409.28%
13.00%
19.92%
17.94%
26.54%
17.57%
18.02%
18.40%
23.46%
21.79%
21.45%
21.35%
24.34%
27.43%
Total Payout
$1311.00
6235.00
5124.00
4087.00
-7122.00
6337.00
11241.00
11251.00
3913.00
14909.00
12985.00
18459.00
9620.00
8536.00
27.18%-11.27%Payout Ratio %
901.78%
93.82%
101.46%
62.31%
-140.01%
70.50%
105.62%
91.23%
34.46%
116.11%
86.96%
105.04%
124.18%
110.45%