Visa Inc.
Cash Flow Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $6.02B | $5.85B | $5.09B | $5.27B | $4.58B | $5.12B | $5.32B | $4.87B |
| Depreciation & Amortization | $333.0M | $326.0M | $316.0M | $317.0M | $305.0M | $282.0M | $274.0M | $264.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $275.0M | $231.0M | $191.0M | $223.0M | $259.0M | $224.0M | $188.0M | $211.0M |
| Net Cash from Operating Activities | $3.01B | $6.78B | $6.24B | $6.73B | $4.70B | $5.40B | $6.66B | $5.13B |
| Investing Activities | ||||||||
| Capital Expenditures | $383.0M | $378.0M | $389.0M | $421.0M | $327.0M | $345.0M | $309.0M | $400.0M |
| Business Acquisitions | $705.0M | $0 | $0 | $0 | $-19.0M | $906.0M | $0 | $0 |
| Net Cash from Investing Activities | $-878.0M | $361.0M | $304.0M | $-256.0M | $-130.0M | $790.0M | $584.0M | $555.0M |
| Financing Activities | ||||||||
| Dividends Paid | $1.29B | $1.29B | $1.15B | $1.15B | $1.16B | $1.17B | $1.04B | $1.06B |
| Stock Repurchases | $7.90B | $3.73B | $4.93B | $4.78B | $4.60B | $4.01B | $5.85B | $4.53B |
| Net Cash from Financing Activities | $-6.41B | $-8.99B | $-6.00B | $-1.83B | $-5.66B | $-5.48B | $-7.07B | $-5.31B |
| Net Change in Cash | $-4.47B | $-1.81B | $546.0M | $5.31B | $-830.0M | $203.0M | $487.0M | $328.0M |
| Free Cash Flow | $2.63B | $6.40B | $5.85B | $6.31B | $4.37B | $5.05B | $6.36B | $4.73B |