FINHUB Insights

V · Q2 FY25 · Jan 1 – Mar 31, 2025

Visa Q2 FY25: where the revenue came from and where it went

Visa Q2 FY25: revenue $9.6B (+9% year over year). Net profit $4.6B. Largest cohort International $5.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 31, 2025
Reported
Apr 30, 2025 10-Q
Sankey diagram of Visa's income statement for Q2 FY25: revenue of $9.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$9.6B +9% year over year
Operating profit$5.4B 57% margin
Net profit$4.6B 48% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Mar 31, 2025).
ItemValueShare of revenueYear over year
Revenue 9.6 100% +9%
International 5.8 60%
U.S. 3.8 40%
Personnel−1.717%+0pp
Litigation provision−110%+0pp
General and administrative−0.44%+0pp
Marketing−0.44%+0pp
Depreciation and amortization−0.33%+0pp
Other−0.44%+0pp
Operating profit5.457% margin−4pp
Tax−0.8
Net profit4.648%−5pp
Filing on EDGAR More quarters of V

Source of the numbers: tables in the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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