ES
MARKETS / NYSE / V
NYSE · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Visa Inc. V

19 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY6 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$40.0B
▲ 11.3% vs FY2024
Dividend streak
6 yrs
Raised every year since 2020
EPS · FY25
$10.20
Dividend / sh · FY25
$0.59
Payout · FY25
23%
ROE · FY25
—
Net margin · FY25
50.1%
Dividend coverage
—
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Result
USD 40.0B
Revenue, FY2025 · full 19-year series below
Revenue Net income
1020304040.020.12007201020132016201920222025
1020304040.020.12016201920222025

50 cents of every revenue dollar became profit this year.

Per share
USD 10.20
Diluted EPS, FY2025
EPS Dividend
48120.5910.202007201020132016201920222025
48120.5910.202016201920222025

The company pays no cash dividend.

Profitability
—
Return on equity, FY2025
ROE
4812162007201020132016201920222025
4812162016201920222025
Operating margin60.0%
Net margin50.1%
Return on assets20.7%

Returned to shareholders
USD 22.6B
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 4.6B
Net buybacksUSD 17.9B
Share of profit112.4%
Consecutive raises6 years

USD 4.6B in dividends and USD 17.9B in buybacks — 112% of the year's profit, so the payout drew on cash built up earlier.

Growth
+12.9% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+10.9%
+12.9%
+11.2%
+11.3%
Net income
+10.3%
+13.0%
+12.2%
+13.6%
Dividend / share
+16.3%
+14.5%
+17.3%
+10.9%
Returned to shareholders
+15.6%
+16.3%
+18.9%
+20.9%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
1.69B
Shares outstanding, FY2025
0.521.692007201020132016201920222025
1.871.692016201920222025
Change, 5 years—
Change, 10 years—

A share split breaks the comparison across the period, so we leave it out.

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Balance sheet
USD 99.6B
total assets, end of FY2025
Total assetsUSD 99.6B
CashUSD 17.2B
Gross debtUSD 25.2B
Net debtUSD 8.0B
Current ratio1.08×

History
19 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
Revenue $B
40.0
35.9
32.7
29.3
24.1
21.8
23.0
20.6
18.4
15.1
13.9
12.7
11.8
10.4
9.2
8.1
6.9
6.3
3.6
Operating income $B
24.0
23.6
21.0
18.8
15.8
14.1
15.0
13.0
12.1
7.9
9.1
7.7
7.2
2.1
5.5
4.6
3.5
1.2
−1.4
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
4.1
4.2
3.8
3.2
3.8
2.9
2.8
2.5
5.0
2.0
2.7
2.3
2.3
0.1
2.0
1.7
1.6
0.5
−0.3
Net income $B
20.1
19.7
17.3
15.0
12.3
10.9
12.1
10.3
6.7
6.0
6.3
5.4
5.0
2.1
3.6
3.0
2.4
0.8
−1.1
EPS, diluted $
10.20
9.73
8.28
7.00
5.63
4.89
5.32
4.42
2.80
2.48
2.58
2.16
1.90
3.16
5.16
4.01
·
·
·
Dividend / sh $
0.59
0.52
0.45
0.38
0.32
0.30
0.25
·
0.17
0.14
0.12
0.10
0.08
0.22
0.15
0.12
0.10
0.10
·
Payout %
23
21
22
21
23
25
19
19
24
23
19
18
17
28
12
12
14
12
−0
ROE %
·
·
·
·
·
·
·
·
·
·
·
·
·
8.1
14.2
12.3
10.6
7.8
·
Shares out B
1.69
1.73
1.59
1.64
1.68
1.68
1.72
1.77
1.82
1.87
1.95
1.98
0.51
0.54
0.52
·
·
·
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
36 of 36
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed