VISA INC. (V) FY2025 Annual P&L / Income Statement
2024-10-01 to 2025-09-30
Revenue by Product and Service
2024-10-01 to 2025-09-30
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VISA INC. (V) FY2025 Annual P&L / Income Statement
Income statement for 2024-10-01 through 2025-09-30. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.
- Net revenue
- 40,000,000,000 US dollars
- Total operating expenses
- 16,006,000,000 US dollars
- Operating income
- 23,994,000,000 US dollars
- Total non-operating income (expense)
- 200,000,000 US dollars
- Income before income taxes
- 24,194,000,000 US dollars
- Income tax provision
- 4,136,000,000 US dollars
- Net income
- 20,058,000,000 US dollars
- Service revenue
- 17,539,000,000 US dollars
- Data processing revenue
- 19,993,000,000 US dollars
- International transaction revenue
- 14,166,000,000 US dollars
- Other revenue
- 4,053,000,000 US dollars
- Personnel
- 6,961,000,000 US dollars
- Marketing
- 1,684,000,000 US dollars
- Network and processing
- 894,000,000 US dollars
- Professional fees
- 759,000,000 US dollars
- Depreciation and amortization
- 1,220,000,000 US dollars
- General and administrative
- 1,926,000,000 US dollars
- Litigation provision
- 2,562,000,000 US dollars
- Revenue before reconciliation (calculated)
- 55,751,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- Client incentives
- negative 15,751,000,000 US dollars. Reported reconciliation to consolidated revenue.
Chart connections
- Revenue minus operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.

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Operating margin
60.0%
Operating profit / revenue
Cash conversion
115.0%
Operating cash / net income, same period
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