V

Updated: Mar 12, 2026 11:30 AM

Visa Inc. Class A

Market Cap: $684.36B P/S: 64x Ownership — Insider: 0.6% | Institutional: 90.8% | Retail: 8.6% FINANCIAL SERVICES CREDIT SERVICES

Visa Inc. (NYSE: V), based in Foster City, California, stands at the forefront of the global financial services industry, recognized for its integral role in electronic funds transfers. Operating the largest retail electronic payments network worldwide, Visa provides a wide range of payment solutions through its extensive portfolio of branded credit, debit, and prepaid cards for consumers and businesses. With a strong emphasis on innovation in payment technology, the company is poised to take advantage of the ongoing shift toward digital transactions and e-commerce, reinforcing its leadership position and substantial market valuation in an increasingly cashless economy.

Revenue

Revenue, Profit & Income — explained by Jerry the Goat Farmer
Total RevenueEvery single dollar that wanders onto Jerry's farm. Cheese sales, milk money, goat yoga memberships, and that one weird guy who pays $50 to just watch the goats. Jerry doesn't ask questions.
Gross ProfitThe money left after feeding the goats but before reality sets in. Jerry feels rich for exactly 11 minutes.
Net IncomeWhat Jerry actually gets to keep after the Jerrynment, cousin Larry, the feed store, and his ex-wife's lawyer all take their cut. This number is often... humbling.
Using alias: revenuea -> totalRevenue [annual] [income]
Using alias: profita -> grossProfit [annual] [income]
Using alias: incomea -> netIncome [annual] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        20/20 dates (100%)
  ✅ grossProfit                         20/20 dates (100%)
  ✅ netIncome                           20/20 dates (100%)

Plot for V (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               -40.00B                   -20.00B                    0.00B                    20.00B                    40.00B
               |                         |                         |                         |                         |

  2006-09-30 |                                                     |  2.95B
  2007-09-30 |                                                    |  3.59B
  2008-09-30 |                                                     |  6.26B
  2009-09-30 |                                                     |  6.91B
  2010-09-30 |                                                     |  8.06B
  2011-09-30 |                                                     |  9.19B
  2012-09-30 |                                                     |  10.42B
  2013-09-30 |                                                     |  11.78B
  2014-09-30 |                                                     |  12.70B
  2015-09-30 |                                                     |  13.88B
  2016-09-30 |                                                     |  15.08B
  2017-09-30 |                                                     |  18.36B
  2018-09-30 |                                                     |  20.61B
  2019-09-30 |                                                     |  22.98B
  2020-09-30 |                                                     |  21.85B
  2021-09-30 |                                                     |  24.11B
  2022-09-30 |                                                     |  29.31B
  2023-09-30 |                                                     |  32.65B
  2024-09-30 |                                                     |  35.93B
  2025-09-30 |                                                     | 40.00B

               |                         |                         |                         |                         |
               -40.00B                   -20.00B                    0.00B                    20.00B                    40.00B

Costs

Operating Costs — explained by Jerry the Goat Farmer
Cost of Goods & Services SoldThe unglamorous stuff: hay, feed, vet bills for when Sergio the goat eats another iPhone. These goats don't feed themselves, and they definitely don't apologize.
Selling, General & AdministrativeThe "CHEESE HAPPENS" billboard on the highway, the accountant (cousin Larry, who definitely cheated in Monopoly as a kid), office supplies, and the therapy Jerry needs after dealing with cousin Larry.
Research & DevelopmentJerry's experimental ghost pepper goat cheese that made three customers cry. Also the goat treadmill. The goats refuse to use the goat treadmill.
Using alias: rnda -> researchAndDevelopment [annual] [income]
Using alias: sgaa -> sellingGeneralAndAdministrative [annual] [income]
Using alias: cogsa -> costofGoodsAndServicesSold [annual] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              2/20 dates (10%)
  ✅ sellingGeneralAndAdministrative     20/20 dates (100%)
  ✅ costofGoodsAndServicesSold          20/20 dates (100%)

Plot for V (in B)
  reports: annualReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     1.96B                     3.93B                     5.89B                     7.86B
               |                         |                         |                         |                         |

  2006-09-30 |  1.00B ⊗
  2007-09-30 |  1.09B ⊗
  2008-09-30 |  1.54B ⊗
  2009-09-30 |  1.62B ⊗
  2010-09-30 |  1.65B ⊗
  2011-09-30 |  1.82B ⊗
  2012-09-30 |  2.14B ⊗
  2013-09-30 |  2.40B ⊗
  2014-09-30 |  2.38B ⊗
  2015-09-30 |  2.55B ⊗
  2016-09-30 |  2.76B
  2017-09-30 |  3.25B
  2018-09-30 |  3.86B ⊗
  2019-09-30 |  4.17B ⊗
  2020-09-30 |  4.51B ⊗
  2021-09-30 |  4.97B ⊗
  2022-09-30 |  5.73B ⊗
  2023-09-30 |  6.57B ⊗
  2024-09-30 |  7.04B ⊗
  2025-09-30 |  7.86B ⊗

               |                         |                         |                         |                         |
               0.00B                     1.96B                     3.93B                     5.89B                     7.86B

Cash

Cash, Debt & Cash Flow — explained by Jerry the Goat Farmer
Cash & Short-Term InvestmentsThe coffee can buried behind the barn, $47 in a savings account, and some cryptocurrency Jerry bought drunk in 2021. He's afraid to check on it.
Short/Long-Term DebtThe barn loan that'll follow Jerry to the grave (long-term) and the $200 he owes the feed store guy who's starting to give him looks (short-term).
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Using alias: casha -> cashAndShortTermInvestments [annual] [balance]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: paychecka -> operatingCashflow [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         20/20 dates (100%)
  ⚠️  shortLongTermDebtTotal              15/20 dates (75%)
  ✅ operatingCashflow                   20/20 dates (100%)

Plot for V (in B)
  reports: annualReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     6.29B                    12.59B                    18.88B                    25.17B
               |                         |                         |                         |                         |

  2006-09-30 |  0.43B
  2007-09-30 |  0.51B
  2008-09-30 |  4.98B
  2009-09-30 |  4.62B
  2010-09-30 |  3.87B
  2011-09-30 |  3.87B ⊗
  2012-09-30 |  5.01B ⊗
  2013-09-30 |  3.02B ⊗
  2014-09-30 |  7.21B ⊗
  2015-09-30 |  6.58B ⊗
  2016-09-30 |  17.97B
  2017-09-30 |  18.37B
  2018-09-30 |  18.80B
  2019-09-30 |  20.72B
  2020-09-30 |  24.64B
  2021-09-30 |  20.98B
  2022-09-30 |  22.45B
  2023-09-30 |  20.98B
  2024-09-30 |  20.84B
  2025-09-30 |  25.17B

               |                         |                         |                         |                         |
               0.00B                     6.29B                    12.59B                    18.88B                    25.17B

FCF

Free Cash Flow — explained by Jerry the Goat Farmer
Operating Cash FlowReal cash moving in and out. Not "my customer promised to pay me" money. Actual dollars. Jerry has trust issues now.
Capital ExpendituresBig, expensive purchases Jerry justifies at 2am: the industrial milking machine, new fencing, and a hot tub "for the goats" that somehow only Jerry uses.
Using alias: paychecka -> operatingCashflow [annual] [cashflow]
Using alias: capexa -> capitalExpenditures [annual] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   20/20 dates (100%)
  ✅ capitalExpenditures                 20/20 dates (100%)

Plot for V (in B)
  reports: annualReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     5.76B                    11.53B                    17.29B                    23.06B
               |                         |                         |                         |                         |

  2006-09-30 |  0.43B
  2007-09-30 |  0.51B
  2008-09-30 |  0.53B
  2009-09-30 |  0.56B
  2010-09-30 |  2.69B
  2011-09-30 |  3.87B
  2012-09-30 |  5.01B
  2013-09-30 |  3.02B
  2014-09-30 |  7.21B
  2015-09-30 |  6.58B
  2016-09-30 |  5.57B
  2017-09-30 |  9.21B
  2018-09-30 |  12.71B
  2019-09-30 |  12.78B
  2020-09-30 |  10.44B
  2021-09-30 |  15.23B
  2022-09-30 |  18.85B
  2023-09-30 |  20.75B
  2024-09-30 |  19.95B
  2025-09-30 |  23.06B

               |                         |                         |                         |                         |
               0.00B                     5.76B                    11.53B                    17.29B                    23.06B

Assets

Assets, Liabilities & Equity — explained by Jerry the Goat Farmer
🐐 Assets = Liabilities + Equity

Translation: What Jerry owns = What Jerry owes + What's actually Jerry's

Or as Jerry mutters every April during tax season:
"Everything I have equals everything I owe plus whatever scraps are left for me, a humble goat man just trying to make cheese in this cruel world."
Total AssetsEverything Jerry owns: 12 acres of land, a barn that's "rustic" (rotting), 47 goats, Sergio (appraised at $800, priceless to Jerry), the cheese cave, and a 2004 Ford F-150 held together by duct tape and prayer.
Total LiabilitiesEverything Jerry owes: bank loans, the feed store tab, back taxes, and a moral debt to his neighbor for "borrowing" that tractor in 2019. They both know he's not returning it.
Total Shareholder EquityIf Jerry sold absolutely everything, paid off every debt, and finally returned that tractor... this is what he'd have left. His actual net worth. Some days it's a retirement fund. Other days it's "enough for a bus ticket and a fresh start."
Using alias: assetsa -> totalAssets [annual] [balance]
Using alias: liabila -> totalLiabilities [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         20/20 dates (100%)
  ✅ totalLiabilities                    20/20 dates (100%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for V (in B)
  reports: annualReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               -99.63B                   -49.81B                    0.00B                    49.81B                    99.63B
               |                         |                         |                         |                         |

  2006-09-30 |                                                     |  2.96B
  2007-09-30 |                                                    |  4.85B
  2008-09-30 |                                                     |  34.98B
  2009-09-30 |                                                     |  32.28B
  2010-09-30 |                                                     |  33.41B
  2011-09-30 |                                                     |  34.76B
  2012-09-30 |                                                     |  40.01B
  2013-09-30 |                                                     |  35.96B
  2014-09-30 |                                                     |  38.57B
  2015-09-30 |                                                     |  39.37B
  2016-09-30 |                                                     |  64.03B
  2017-09-30 |                                                     |  67.98B
  2018-09-30 |                                                     |  69.22B
  2019-09-30 |                                                     |  72.57B
  2020-09-30 |                                                     |  80.92B
  2021-09-30 |                                                     |  82.90B
  2022-09-30 |                                                     |  85.50B
  2023-09-30 |                                                     |  90.50B
  2024-09-30 |                                                     |  94.51B
  2025-09-30 |                                                     | 99.63B

               |                         |                         |                         |                         |
               -99.63B                   -49.81B                    0.00B                    49.81B                    99.63B

Buffet

Using alias: incomea -> netIncome [annual] [income]
Using alias: debta -> shortLongTermDebtTotal [annual] [balance]
Using alias: equitya -> totalShareholderEquity [annual] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           20/20 dates (100%)
  ⚠️  shortLongTermDebtTotal              15/20 dates (75%)
  ✅ totalShareholderEquity              20/20 dates (100%)

Plot for V (in B)
  reports: annualReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               -39.14B                   -19.57B                    0.00B                    19.57B                    39.14B
               |                         |                         |                         |                         |

  2006-09-30 |                                                     |  0.58B
  2007-09-30 |                                                    |  -1.08B
  2008-09-30 |                                                     |  22.28B
  2009-09-30 |                                                     |  23.19B
  2010-09-30 |                                                     |  25.01B
  2011-09-30 |                                                     |  26.44B ⊗
  2012-09-30 |                                                     |  27.63B ⊗
  2013-09-30 |                                                     |  26.87B ⊗
  2014-09-30 |                                                     |  27.41B ⊗
  2015-09-30 |                                                     |  29.84B ⊗
  2016-09-30 |                                                     |  32.91B
  2017-09-30 |                                                     |  32.76B
  2018-09-30 |                                                     |  34.01B
  2019-09-30 |                                                     |  34.68B
  2020-09-30 |                                                     |  36.21B
  2021-09-30 |                                                     |  37.59B
  2022-09-30 |                                                     |  35.58B
  2023-09-30 |                                                     |  38.73B
  2024-09-30 |                                                     | 39.14B
  2025-09-30 |                                                     |  37.91B

               |                         |                         |                         |                         |
               -39.14B                   -19.57B                    0.00B                    19.57B                    39.14B

Revenue-q

Using alias: revenue -> totalRevenue [quarterly] [income]
Using alias: profit -> grossProfit [quarterly] [income]
Using alias: income -> netIncome [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ✅ totalRevenue                        25/25 dates (100%)
  ✅ grossProfit                         25/25 dates (100%)
  ✅ netIncome                           25/25 dates (100%)

Plot for V (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalRevenue, grossProfit, netIncome

               0.00B                     2.68B                     5.36B                     8.04B                    10.72B
               |                         |                         |                         |                         |

  2019-09-30 |  6.14B
  2019-12-31 |  6.05B
  2020-03-31 |  5.85B
  2020-06-30 |  4.84B
  2020-09-30 |  5.10B
  2020-12-31 |  5.69B
  2021-03-31 |  5.73B
  2021-06-30 |  6.13B
  2021-09-30 |  6.56B
  2021-12-31 |  7.06B
  2022-03-31 |  7.19B
  2022-06-30 |  7.28B
  2022-09-30 |  7.79B
  2022-12-31 |  7.94B
  2023-03-31 |  7.99B
  2023-06-30 |  8.12B
  2023-09-30 |  8.61B
  2023-12-31 |  8.63B
  2024-03-31 |  8.78B
  2024-06-30 |  8.90B
  2024-09-30 |  9.62B
  2024-12-31 |  9.51B
  2025-03-31 |  9.59B
  2025-06-30 |  10.17B
  2025-09-30 |  10.72B

               |                         |                         |                         |                         |
               0.00B                     2.68B                     5.36B                     8.04B                    10.72B

Costs-q

Using alias: rnd -> researchAndDevelopment [quarterly] [income]
Using alias: sga -> sellingGeneralAndAdministrative [quarterly] [income]
Using alias: cogs -> costofGoodsAndServicesSold [quarterly] [income]


Data Completeness:
------------------------------------------------------------
  ⚠️  SPARSE researchAndDevelopment              0/25 dates (0%)
  ✅ sellingGeneralAndAdministrative     25/25 dates (100%)
  ✅ costofGoodsAndServicesSold          25/25 dates (100%)

Plot for V (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: researchAndDevelopment, sellingGeneralAndAdministrative, costofGoodsAndServicesSold

               0.00B                     0.51B                     1.02B                     1.53B                     2.04B
               |                         |                         |                         |                         |

  2019-09-30 |  1.06B ⊗
  2019-12-31 |  1.16B ⊗
  2020-03-31 |  1.12B ⊗
  2020-06-30 |  1.11B ⊗
  2020-09-30 |  1.11B ⊗
  2020-12-31 |  1.15B ⊗
  2021-03-31 |  1.29B ⊗
  2021-06-30 |  1.28B ⊗
  2021-09-30 |  1.24B ⊗
  2021-12-31 |  1.31B ⊗
  2022-03-31 |  1.42B ⊗
  2022-06-30 |  1.46B ⊗
  2022-09-30 |  1.54B ⊗
  2022-12-31 |  1.51B ⊗
  2023-03-31 |  1.69B ⊗
  2023-06-30 |  1.66B ⊗
  2023-09-30 |  1.70B ⊗
  2023-12-31 |  1.66B ⊗
  2024-03-31 |  2.04B ⊗
  2024-06-30 |  1.77B ⊗
  2024-09-30 |  1.82B ⊗
  2024-12-31 |  2.02B ⊗
  2025-03-31 |  1.88B ⊗
  2025-06-30 |  1.97B ⊗
  2025-09-30 |  1.98B ⊗

               |                         |                         |                         |                         |
               0.00B                     0.51B                     1.02B                     1.53B                     2.04B

Cash-q

Using alias: cash -> cashAndShortTermInvestments [quarterly] [balance]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ cashAndShortTermInvestments         25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ operatingCashflow                   25/25 dates (100%)

Plot for V (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: cashAndShortTermInvestments, shortLongTermDebtTotal, operatingCashflow

               0.00B                     6.29B                    12.59B                    18.88B                    25.17B
               |                         |                         |                         |                         |

  2019-09-30 |  20.72B
  2019-12-31 |  16.69B
  2020-03-31 |  17.89B
  2020-06-30 |  20.88B
  2020-09-30 |  24.64B
  2020-12-31 |  23.10B
  2021-03-31 |  22.97B
  2021-06-30 |  21.69B
  2021-09-30 |  20.98B
  2021-12-31 |  20.92B
  2022-03-31 |  21.03B
  2022-06-30 |  23.80B
  2022-09-30 |  22.45B
  2022-12-31 |  24.06B
  2023-03-31 |  23.68B
  2023-06-30 |  24.23B
  2023-09-30 |  20.98B
  2023-12-31 |  20.70B
  2024-03-31 |  20.60B
  2024-06-30 |  20.60B
  2024-09-30 |  20.84B
  2024-12-31 |  20.61B
  2025-03-31 |  20.76B
  2025-06-30 |  25.14B
  2025-09-30 |  25.17B

               |                         |                         |                         |                         |
               0.00B                     6.29B                    12.59B                    18.88B                    25.17B

FCF-q

Using alias: paycheck -> operatingCashflow [quarterly] [cashflow]
Using alias: capex -> capitalExpenditures [quarterly] [cashflow]


Data Completeness:
------------------------------------------------------------
  ✅ operatingCashflow                   25/25 dates (100%)
  ✅ capitalExpenditures                 25/25 dates (100%)

Plot for V (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: operatingCashflow, capitalExpenditures

               0.00B                     1.73B                     3.46B                     5.20B                     6.93B
               |                         |                         |                         |                         |

  2019-09-30 |  4.04B
  2019-12-31 |  3.88B
  2020-03-31 |  1.47B
  2020-06-30 |  3.00B
  2020-09-30 |  2.10B
  2020-12-31 |  3.51B
  2021-03-31 |  3.33B
  2021-06-30 |  4.41B
  2021-09-30 |  3.97B
  2021-12-31 |  4.23B
  2022-03-31 |  3.49B
  2022-06-30 |  5.25B
  2022-09-30 |  5.88B
  2022-12-31 |  4.17B
  2023-03-31 |  3.86B
  2023-06-30 |  5.80B
  2023-09-30 |  6.93B
  2023-12-31 |  3.61B
  2024-03-31 |  4.54B
  2024-06-30 |  5.13B
  2024-09-30 |  6.66B
  2024-12-31 |  5.40B
  2025-03-31 |  4.70B
  2025-06-30 |  6.73B
  2025-09-30 |  6.24B

               |                         |                         |                         |                         |
               0.00B                     1.73B                     3.46B                     5.20B                     6.93B

Assets-q

Using alias: assets -> totalAssets [quarterly] [balance]
Using alias: liabil -> totalLiabilities [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ totalAssets                         25/25 dates (100%)
  ✅ totalLiabilities                    25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for V (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: totalAssets, totalLiabilities, totalShareholderEquity

               0.00B                    25.01B                    50.01B                    75.02B                    100.02B
               |                         |                         |                         |                         |

  2019-09-30 |  72.57B
  2019-12-31 |  74.78B
  2020-03-31 |  72.82B
  2020-06-30 |  77.88B
  2020-09-30 |  80.92B
  2020-12-31 |  80.43B
  2021-03-31 |  80.19B
  2021-06-30 |  82.67B
  2021-09-30 |  82.90B
  2021-12-31 |  81.93B
  2022-03-31 |  81.81B
  2022-06-30 |  85.41B
  2022-09-30 |  85.50B
  2022-12-31 |  85.39B
  2023-03-31 |  86.75B
  2023-06-30 |  89.23B
  2023-09-30 |  90.50B
  2023-12-31 |  91.41B
  2024-03-31 |  92.40B
  2024-06-30 |  91.04B
  2024-09-30 |  94.51B
  2024-12-31 |  91.89B
  2025-03-31 |  92.85B
  2025-06-30 |  100.02B
  2025-09-30 |  99.63B

               |                         |                         |                         |                         |
               0.00B                    25.01B                    50.01B                    75.02B                    100.02B

Buffet-q

Using alias: income -> netIncome [quarterly] [income]
Using alias: debt -> shortLongTermDebtTotal [quarterly] [balance]
Using alias: equity -> totalShareholderEquity [quarterly] [balance]


Data Completeness:
------------------------------------------------------------
  ✅ netIncome                           25/25 dates (100%)
  ✅ shortLongTermDebtTotal              25/25 dates (100%)
  ✅ totalShareholderEquity              25/25 dates (100%)

Plot for V (in B)
  reports: quarterlyReports
  showing last 25 entries
  Legend: netIncome, shortLongTermDebtTotal, totalShareholderEquity

               0.00B                    10.12B                    20.24B                    30.36B                    40.48B
               |                         |                         |                         |                         |

  2019-09-30 |  34.68B
  2019-12-31 |  35.27B
  2020-03-31 |  34.59B
  2020-06-30 |  35.52B
  2020-09-30 |  36.21B
  2020-12-31 |  37.68B
  2021-03-31 |  37.70B
  2021-06-30 |  37.79B
  2021-09-30 |  37.59B
  2021-12-31 |  36.19B
  2022-03-31 |  35.99B
  2022-06-30 |  35.48B
  2022-09-30 |  35.58B
  2022-12-31 |  36.92B
  2023-03-31 |  38.56B
  2023-06-30 |  38.98B
  2023-09-30 |  38.73B
  2023-12-31 |  39.73B
  2024-03-31 |  40.48B
  2024-06-30 |  39.73B
  2024-09-30 |  39.14B
  2024-12-31 |  38.30B
  2025-03-31 |  38.03B
  2025-06-30 |  38.66B
  2025-09-30 |  37.91B

               |                         |                         |                         |                         |
               0.00B                    10.12B                    20.24B                    30.36B                    40.48B

Price History

Volume

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