Visa Q2 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
- Jan 1 – Mar 31, 2026
- Reported
- Apr 29, 2026
Revenue$11.23B
+17% year over year
Gross profit$7.68B
68% margin
Operating profit$7.23B
64% margin
Net profit$6.02B
54% margin
The numbers
| Item | Value | Share of revenue | Year over year |
|---|---|---|---|
| Revenue | 11.23 | 100% | +17% |
| Non US | 6.91 | 62% | +20% |
| US | 4.32 | 38% | +13% |
| Cost of revenue | −3.55 | 32% | |
| Gross profit | 7.68 | 68% margin | +7pp |
| G&A | −0.45 | 4% | +0pp |
| Operating profit | 7.23 | 64% margin | +8pp |
| Interest & other costs | −0.06 | ||
| Tax | −1.15 | ||
| Net profit | 6.02 | 54% margin | +6pp |
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