Visa

V Financials Market cap $670B as of Sep 14, 2026 16:00 ET S&P 500

Q2 FY26 Jan 1 – Mar 31, 2026 reported Apr 29, 2026

Revenue$11.23B +17% year over year

Gross profit$7.68B 68% margin

Operating profit$7.23B 64% margin

Net profit$6.02B 54% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	11.23	100%	+17%
Non US	6.91	62%	+20%
US	4.32	38%	+13%
Cost of revenue	−3.55	32%
Gross profit	7.68	68% margin	+7pp
G&A	−0.45	4%	+0pp
Operating profit	7.23	64% margin	+8pp
Interest & other costs	−0.06
Tax	−1.15
Net profit	6.02	54% margin	+6pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	10.9	100%	+15%
Non US	6.7	62%	+17%
US	4.2	38%	+11%
Cost of revenue	−3.6	33%
Gross profit	7.3	67% margin	−4pp
G&A	−0.5	5%	+0pp
Operating profit	6.7	62% margin	−4pp
Tax	−0.9
Net profit	5.9	54% margin	+0pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	10.7	100%	+12%
Non US	6.6	61%	+14%
US	4.2	39%	+7%
Cost of revenue	−4.0	38%
Gross profit	6.7	62% margin	−8pp
G&A	−0.5	5%	+1pp
Operating profit	6.1	57% margin	−9pp
Other income, net	0.1
Tax	−1.1
Net profit	5.1	47% margin	−8pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	10.17	100%	+14%
Non US	6.25	61%	+18%
US	3.93	39%	+8%
Cost of revenue	−3.51	35%
Gross profit	6.66	65% margin	−6pp
G&A	−0.48	5%	+0pp
Operating profit	6.18	61% margin	−6pp
Other income, net	0.16
Tax	−1.06
Net profit	5.27	52% margin	−3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Mar 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	9.59	100%	+9%
Non US	5.78	60%	+13%
US	3.81	40%	+5%
Cost of revenue	−3.74	39%
Gross profit	5.85	61% margin	−5pp
G&A	−0.42	4%	−1pp
Operating profit	5.44	57% margin	−4pp
Tax	−0.86
Net profit	4.58	48% margin	−5pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY24 (period ends Jun 30, 2024).
Item	Value	Share of revenue	Year over year
Revenue	8.90	100%	+10%
Non US	5.28	59%	+13%
US	3.62	41%	+5%
Cost of revenue	−2.58	29%
Gross profit	6.32	71% margin	+5pp
G&A	−0.38	4%	+0pp
Operating profit	5.94	67% margin	+5pp
Other income, net	0.05
Tax	−1.12
Net profit	4.87	55% margin	+4pp

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26 Jan 1 – Mar 31, 2026 reported Apr 29, 2026 Operating margin 64% Net profit $6.0B	Jan 1 – Mar 31, 2026	Apr 29, 2026	$11.2B	+17%	64%	$6.0B	54%
Q1 FY26 Oct 1 – Dec 31, 2025 reported Jan 30, 2026 Operating margin 62% Net profit $5.9B	Oct 1 – Dec 31, 2025	Jan 30, 2026	$10.9B	+15%	62%	$5.9B	54%
Q4 FY25 Jul 1 – Sep 30, 2025 reported Nov 6, 2025 Operating margin 57% Net profit $5.1B	Jul 1 – Sep 30, 2025	Nov 6, 2025	$10.7B	+12%	57%	$5.1B	47%
Q3 FY25 Apr 1 – Jun 30, 2025 reported Jul 30, 2025 Operating margin 61% Net profit $5.3B	Apr 1 – Jun 30, 2025	Jul 30, 2025	$10.2B	+14%	61%	$5.3B	52%
Q2 FY25 Jan 1 – Mar 31, 2025 reported Apr 30, 2025 Operating margin 57% Net profit $4.6B	Jan 1 – Mar 31, 2025	Apr 30, 2025	$9.6B	+9%	57%	$4.6B	48%
Q3 FY24 Apr 1 – Jun 30, 2024 reported Jul 24, 2024 Operating margin 67% Net profit $4.9B	Apr 1 – Jun 30, 2024	Jul 24, 2024	$8.9B	+10%	67%	$4.9B	55%