Visa Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $40.00B | $35.93B | $32.65B | $29.31B | $24.11B | $21.85B | $22.98B | $20.61B |
| Service revenues | $17.54B | $16.11B | $14.83B | $13.36B | $11.48B | $9.80B | $9.70B | $8.92B |
| Data processing revenues | $19.99B | $17.71B | $16.01B | $14.44B | $12.79B | $10.98B | $10.33B | $9.03B |
| International transaction revenues | $14.17B | $12.67B | $11.64B | $9.82B | $6.53B | $6.30B | $7.80B | $7.21B |
| Other revenues | $4.05B | $3.20B | $2.48B | $1.99B | $1.68B | $1.43B | $1.31B | $944.0M |
| Client incentives | $-15.75B | $-13.76B | $-12.30B | $-10.30B | $-8.37B | $-6.66B | $-6.17B | $-5.49B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $1.93B | $1.60B | $1.33B | $1.19B | $985.0M | $1.10B | $1.20B | $1.15B |
| Operating Income | $23.99B | $23.60B | $21.00B | $18.81B | $15.80B | $14.08B | $15.00B | $12.95B |
| Operating Margin | 60.0% | 65.7% | 64.3% | 64.2% | 65.6% | 64.5% | 65.3% | 62.9% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $24.19B | $23.92B | $21.04B | $18.14B | $16.06B | $13.79B | $14.88B | $12.81B |
| Income Tax Expense | $4.14B | $4.17B | $3.76B | $3.18B | $3.75B | $2.92B | $2.80B | $2.51B |
| Net Income | $20.06B | $19.74B | $17.27B | $14.96B | $12.31B | $10.87B | $12.08B | $10.30B |
| Net Margin | 50.1% | 55.0% | 52.9% | 51.0% | 51.1% | 49.7% | 52.6% | 50.0% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | — | — | — | — | — | — | — | — |
| Dividends Per Share | $0.59 | $0.52 | $0.45 | $0.38 | $0.32 | $0.30 | $0.25 | — |