Visa Q2 FY25: where the revenue came from and where it went
The whole income statement of Visa for this quarter, as one diagram: what earned the revenue, and what it went on.
- Period
- Jan 1 – Mar 31, 2025
- Reported
- Apr 30, 2025
Revenue$9.59B
+9% year over year
Gross profit$5.85B
61% margin
Operating profit$5.44B
57% margin
Net profit$4.58B
48% margin
The numbers
| 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 |
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