--- title: "Visa Inc.: Metrics Guide" description: "Visa Inc. revenue, margins, cash flow and balance sheet figures by fiscal year, taken from its SEC filings, with the ratios computed and explained." canonical: https://www.getswoopr.com/stocks/companies/visa-inc/metrics/ source: "Swoopr Investment: https://www.getswoopr.com" --- # Visa Inc.: Financial & Operating Metrics Guide ## Direct Answer Visa Inc. reported revenue of $40.0 billion for the fiscal year ended September 30, 2025, with an operating margin of 60.0% and net income of $20.1 billion, according to its SEC filings. Revenue grew 11.3% from the prior year. ## What Are Visa Inc.'s Key Financial Figures? | Fiscal year | FY2025ended September 30, 2025 | FY2024ended September 30, 2024 | FY2023ended September 30, 2023 | FY2022ended September 30, 2022 | | --- | --- | --- | --- | --- | | Revenue | $40.0 billion | $35.9 billion | $32.7 billion | $29.3 billion | | Operating income | $24.0 billion | $23.6 billion | $21.0 billion | $18.8 billion | | Operating margin | 60.0% | 65.7% | 64.3% | 64.2% | | Net income | $20.1 billion | $19.7 billion | $17.3 billion | $15.0 billion | | Net margin | 50.1% | 55.0% | 52.9% | 51.0% | | Operating cash flow | $23.1 billion | $19.9 billion | $20.8 billion | $18.8 billion | | Capital expenditures | $1.5 billion | $1.3 billion | $1.1 billion | $970 million | | Free cash flow | $21.6 billion | $18.7 billion | $19.7 billion | $17.9 billion | Operating margin narrowed by 5.7 percentage points between fiscal 2024 and 2025, which separates pricing and cost discipline from revenue growth alone. Free cash flow (operating cash flow minus capital expenditures) was $21.6 billion against net income of $20.1 billion; cash generation covered reported earnings. ![Bar chart of Visa Inc. revenue, operating income, net income for fiscal 2022 to 2025. In fiscal 2025, revenue was $40.0 billion, operating income $24.0 billion and net income $20.1 billion.](https://www.getswoopr.com/images/charts/visa-inc-metrics-revenue-profit.webp) *Visa Inc. revenue, operating income and net income by fiscal year, from the figures in the table above. Select the chart to open it full size.* ![Line chart of Visa Inc. operating margin and net margin for fiscal 2022 to 2025. In fiscal 2025, operating margin was 60.0% and net margin was 50.1%.](https://www.getswoopr.com/images/charts/visa-inc-metrics-margins.webp) *Visa Inc. operating margin and net margin by fiscal year: operating income and net income as a share of revenue. Select the chart to open it full size.* ![Bar chart of Visa Inc. operating cash flow, capital expenditures, free cash flow for fiscal 2022 to 2025. In fiscal 2025, operating cash flow was $23.1 billion, capital expenditures was $1.5 billion, free cash flow was $21.6 billion.](https://www.getswoopr.com/images/charts/visa-inc-metrics-cash-flow.webp) *Visa Inc. operating cash flow, capital expenditures and free cash flow by fiscal year. Select the chart to open it full size.* ## What Does Visa Inc.'s Balance Sheet Show? | Cash and cash equivalents | $17.2 billion | | --- | --- | | Long-term debt | $19.6 billion | | Total assets | $99.6 billion | | Total liabilities | $61.7 billion | | Shareholders' equity | Not reported | | Current ratio | 1.1x | Balance sheet values are as of the end of fiscal 2025. Income statement figures describe a whole year; balance sheet figures describe a single day, so the two answer different questions. ## Where These Numbers Come From Every figure on this page is a value Visa Inc. reported in its own SEC filings, read from the SEC's XBRL data (accession 0001403161-25-000089 for fiscal year 2025). Ratios are computed from those reported values. Figures were retrieved on October 12, 2026; a later amendment or a new annual report can change them, and the filing itself always takes precedence over this summary. Each fiscal year is labeled by the calendar year in which it ended, so a company that names the same period differently in its own filings (many retailers whose year ends in January) may use another label. A year is left out of the table when the SEC data set holds no value for it. A figure shown as "Not reported" means the company did not file a value under the standard tag Swoopr reads, not that the amount was zero. This page is educational and describes reported history only; it is not a forecast or a recommendation. ## Frequently Asked Questions ### What was Visa Inc.'s revenue in fiscal 2025? Visa Inc. reported revenue of $40.0 billion for the fiscal year ended September 30, 2025, according to its SEC filings. ### What is Visa Inc.'s operating margin? Visa Inc.'s operating margin was 60.0% in fiscal 2025: operating income of $24.0 billion on revenue of $40.0 billion. ### How much free cash flow did Visa Inc. generate? Operating cash flow of $23.1 billion less capital expenditures of $1.5 billion gives free cash flow of $21.6 billion for fiscal 2025. ## References - [SEC EDGAR: VISA INC. Form 10-K filed November 6, 2025](https://www.sec.gov/Archives/edgar/data/1403161/000140316125000089/v-20250930.htm) - [SEC EDGAR: VISA INC. annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1403161&type=10-K) - [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces) ## Related Pages - [Visa Inc. company dossier](https://www.getswoopr.com/stocks/companies/visa-inc/) - [Visa Inc. financial metrics](https://www.getswoopr.com/stocks/companies/visa-inc/metrics/) - [Visa Inc. financial risk indicators](https://www.getswoopr.com/stocks/companies/visa-inc/risks/) - [Visa Inc. peer comparison](https://www.getswoopr.com/stocks/companies/visa-inc/competitors/) - [Visa Inc. business model and revenue mix](https://www.getswoopr.com/stocks/companies/visa-inc/business-model/) - [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/) **[Swoopr Editorial Team](https://www.getswoopr.com/authors/swoopr-editorial-team/)** Swoopr's editorial team produces independent investment education content reviewed for accuracy and clarity. 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