Visa Q4 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
- Jul 1 – Sep 30, 2025
- Reported
- Nov 6, 2025
Revenue$10.7B
+12% year over year
Gross profit$6.7B
62% margin
Operating profit$6.1B
57% margin
Net profit$5.1B
47% margin
The numbers
| 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 |
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