VISA INC. (V) FY2026 YTD Q3 Statement of Cash Flows
2025-10-01 to 2026-06-30
Statement of Cash Flows
2025-10-01 to 2026-06-30
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Chart details
VISA INC. cash flow reconciliation, Oct 1, 2025 through Jun 30, 2026
Cash flows for Oct 1, 2025 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Sep 30, 2025. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Sep 30, 2025
- 24,987,000,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 16,342,000,000 US dollars. Net cash provided.
- Net income
- 17,502,000,000 US dollars
- Client incentives
- 13,194,000,000 US dollars
- Share-based compensation
- 728,000,000 US dollars
- Depreciation and amortization
- 1,026,000,000 US dollars
- Deferred income taxes
- negative 638,000,000 US dollars
- VE territory covered losses
- negative 108,000,000 US dollars
- (Gains) losses on equity investments, net
- 31,000,000 US dollars
- Other
- 16,000,000 US dollars
- Settlement receivable
- 1,761,000,000 US dollars
- Accounts receivable
- negative 368,000,000 US dollars
- Client incentives
- negative 13,121,000,000 US dollars
- Other assets
- negative 832,000,000 US dollars
- Accounts payable
- negative 28,000,000 US dollars
- Settlement payable
- negative 1,436,000,000 US dollars
- Accrued and other liabilities
- 373,000,000 US dollars
- Accrued litigation
- negative 1,758,000,000 US dollars
- Investing activities
- negative 755,000,000 US dollars. Net cash used.
- Purchases of property, equipment and technology
- negative 1,178,000,000 US dollars
- Purchases of investment securities
- negative 50,000,000 US dollars
- Proceeds from maturities and sales of investment securities
- 1,280,000,000 US dollars
- Acquisitions, net of cash, cash equivalents, restricted cash and restricted cash equivalents acquired
- negative 705,000,000 US dollars
- Purchases of other investments
- negative 97,000,000 US dollars
- Other investing activities
- negative 5,000,000 US dollars
- Financing activities
- negative 21,540,000,000 US dollars. Net cash used.
- Repurchases of class A common stock
- negative 16,430,000,000 US dollars
- Repayments of senior notes
- negative 5,565,000,000 US dollars
- Dividends paid
- negative 3,852,000,000 US dollars
- Proceeds from issuance of senior notes
- 2,995,000,000 US dollars
- Net proceeds from issuance (repayments) of commercial paper
- 1,496,000,000 US dollars
- Proceeds from stock issued under equity plans
- 204,000,000 US dollars
- Taxes paid related to stock issued under equity plans
- negative 272,000,000 US dollars
- Other financing activities
- negative 116,000,000 US dollars
- Operating adjustment reconciliation
- 18,289,000,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 26,235,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 2,035,000,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- negative 266,000,000 US dollars
- Ending cash on Jun 30, 2026
- 18,768,000,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 41,329,000,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 6,219,000,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 0.93×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 16,342,000,000 US dollars. Operating cash flow used in the free cash flow calculation.
- cash spent on productive assets
- 1,178,000,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 15,164,000,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $16.34B of net income directly to operating cash and $1.16B to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash spent on productive assets equals free cash flow: 16,342,000,000 US dollars minus 1,178,000,000 US dollars equals 15,164,000,000 US dollars.
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