Visa Q1 FY26: 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
- Oct 1 – Dec 31, 2025
- Reported
- Jan 30, 2026
Revenue$10.9B
+15% year over year
Gross profit$7.3B
67% margin
Operating profit$6.7B
62% margin
Net profit$5.9B
54% margin
The numbers
| 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 |
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