Visa

V · Financials · Market cap $647B

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

Revenue$11.2B +17% year over year

Gross profit–

Operating profit$7.2B

Net profit$6B 54% margin

Numbers and detail

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	11.2	100%	+17%
International	6.9	62%	+20%
U.S.	4.3	38%	+13%
Personnel	−1.9	16%	+0pp
Marketing	−0.5	5%	+0pp
General and administrative	−0.5	4%	+0pp
Depreciation and amortization	−0.3	3%	+0pp
Litigation provision	−0.3	3%	+0pp
Other	−0.5	4%	+0pp
Operating profit	7.2	64% margin	+8pp
Tax	−1.1
Interest & other costs	−0.1
Net profit	6	54%	+6pp

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	10.2	100%	+14%
International	6.2	61%
U.S.	3.9	38%
Personnel	−1.8	17%	+0pp
Litigation provision	−0.6	6%	+0pp
General and administrative	−0.5	5%	+0pp
Marketing	−0.4	4%	+0pp
Depreciation and amortization	−0.3	3%	+0pp
Other	−0.4	4%	+0pp
Operating profit	6.2	61% margin	−6pp
Tax	−1.1
Net profit	5.3	52%	−3pp

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	9.6	100%	+9%
International	5.8	60%
U.S.	3.8	40%
Personnel	−1.7	17%	+0pp
Litigation provision	−1	10%	+0pp
General and administrative	−0.4	4%	+0pp
Marketing	−0.4	4%	+0pp
Depreciation and amortization	−0.3	3%	+0pp
Other	−0.4	4%	+0pp
Operating profit	5.4	57% margin	−4pp
Tax	−0.8
Net profit	4.6	48%	−5pp

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	8.9	100%	+10%
International	5.3	60%
U.S.	3.6	40%
Personnel	−1.5	18%	+0pp
General and administrative	−0.4	4%	+0pp
Marketing	−0.4	4%	+0pp
Depreciation and amortization	−0.3	3%	+0pp
Network and processing	−0.2	2%	+0pp
Professional fees	−0.2	2%	+0pp
Operating profit	5.9	67% margin	+5pp
Tax	−1.1
Net profit	4.9	55%	+4pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jan 1 – Mar 31, 2026	Apr 29, 2026	$11.2B	+17%	64%	$6B	54%
Q3 FY25	Apr 1 – Jun 30, 2025	Jul 30, 2025	$10.2B	+14%	61%	$5.3B	52%
Q2 FY25	Jan 1 – Mar 31, 2025	Apr 30, 2025	$9.6B	+9%	56%	$4.6B	48%
Q3 FY24	Apr 1 – Jun 30, 2024	Jul 24, 2024	$8.9B	+10%	66%	$4.9B	55%