FINHUB Insights

V · Q1 FY26 · Oct 1 – Dec 31, 2025

Visa Q1 FY26: where the revenue came from and where it went

Visa Q1 FY26: revenue $10.9B (+15% year over year). Net profit $5.9B. Largest cohort Non US $6.7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Oct 1 – Dec 31, 2025
Reported
Jan 30, 2026 10-Q
Sankey diagram of Visa's income statement for Q1 FY26: revenue of $10.9 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

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

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Dec 31, 2025).
ItemValueShare of revenueYear over year
Revenue 10.9 100% +15%
Non US 6.7 62% +17%
US 4.2 38% +11%
Cost of revenue−3.633%
Gross profit7.367% margin−4pp
G&A−0.55%+0pp
Operating profit6.762% margin−4pp
Tax−0.9
Net profit5.954%+0pp
Filing on EDGAR More quarters of V

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