
Visa Inc
NYSE:V

Income Statement
Earnings Waterfall
Visa Inc
Revenue
|
36.8B
USD
|
Cost of Revenue
|
-7.4B
USD
|
Gross Profit
|
29.4B
USD
|
Operating Expenses
|
-5B
USD
|
Operating Income
|
24.4B
USD
|
Other Expenses
|
-4.7B
USD
|
Net Income
|
19.7B
USD
|
Income Statement
Visa Inc
Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
12 929
N/A
|
13 175
+2%
|
13 538
+3%
|
13 880
+3%
|
14 063
+1%
|
14 280
+2%
|
14 392
+1%
|
15 082
+5%
|
15 978
+6%
|
16 829
+5%
|
17 764
+6%
|
18 358
+3%
|
18 759
+2%
|
19 355
+3%
|
20 030
+3%
|
20 609
+3%
|
21 253
+3%
|
21 674
+2%
|
22 274
+3%
|
22 977
+3%
|
23 525
+2%
|
23 885
+2%
|
22 882
-4%
|
21 846
-5%
|
21 479
-2%
|
21 354
-1%
|
22 647
+6%
|
24 105
+6%
|
25 477
+6%
|
26 937
+6%
|
28 082
+4%
|
29 310
+4%
|
30 187
+3%
|
30 983
+3%
|
31 831
+3%
|
32 653
+3%
|
33 351
+2%
|
34 141
+2%
|
34 918
+2%
|
35 926
+3%
|
36 802
+2%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(2 403)
|
(2 429)
|
(2 522)
|
(2 553)
|
(2 557)
|
(2 619)
|
(2 568)
|
(2 764)
|
(2 853)
|
(3 053)
|
(3 277)
|
(3 248)
|
(3 371)
|
(3 510)
|
(3 675)
|
(3 856)
|
(3 997)
|
(4 069)
|
(4 104)
|
(4 165)
|
(4 348)
|
(4 406)
|
(4 463)
|
(4 512)
|
(4 503)
|
(4 673)
|
(4 844)
|
(4 970)
|
(5 131)
|
(5 229)
|
(5 406)
|
(5 708)
|
(5 908)
|
(6 211)
|
(6 413)
|
(6 567)
|
(6 712)
|
(6 810)
|
(6 920)
|
(7 042)
|
(7 402)
|
|
Gross Profit |
10 526
N/A
|
10 746
+2%
|
11 016
+3%
|
11 327
+3%
|
11 506
+2%
|
11 661
+1%
|
11 824
+1%
|
12 318
+4%
|
13 125
+7%
|
13 776
+5%
|
14 487
+5%
|
15 110
+4%
|
15 388
+2%
|
15 845
+3%
|
16 355
+3%
|
16 753
+2%
|
17 256
+3%
|
17 605
+2%
|
18 170
+3%
|
18 812
+4%
|
19 177
+2%
|
19 479
+2%
|
18 419
-5%
|
17 334
-6%
|
16 976
-2%
|
16 681
-2%
|
17 803
+7%
|
19 135
+7%
|
20 346
+6%
|
21 708
+7%
|
22 676
+4%
|
23 602
+4%
|
24 279
+3%
|
24 772
+2%
|
25 418
+3%
|
26 086
+3%
|
26 639
+2%
|
27 331
+3%
|
27 998
+2%
|
28 884
+3%
|
29 400
+2%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(2 668)
|
(2 199)
|
(2 227)
|
(2 249)
|
(2 284)
|
(2 274)
|
(2 394)
|
(2 556)
|
(2 644)
|
(2 920)
|
(2 912)
|
(2 947)
|
(3 013)
|
(2 944)
|
(2 993)
|
(3 192)
|
(3 298)
|
(3 320)
|
(3 461)
|
(3 411)
|
(3 484)
|
(3 517)
|
(3 366)
|
(3 242)
|
(3 055)
|
(3 108)
|
(3 168)
|
(3 328)
|
(3 460)
|
(3 544)
|
(3 709)
|
(3 861)
|
(4 031)
|
(4 050)
|
(4 080)
|
(4 159)
|
(4 180)
|
(4 424)
|
(4 621)
|
(4 827)
|
(5 028)
|
|
Selling, General & Administrative |
(1 767)
|
(1 733)
|
(1 740)
|
(1 755)
|
(1 776)
|
(1 784)
|
(1 914)
|
(2 054)
|
(2 116)
|
(2 382)
|
(2 362)
|
(2 391)
|
(2 458)
|
(2 367)
|
(2 396)
|
(2 579)
|
(2 671)
|
(2 686)
|
(2 814)
|
(2 755)
|
(2 805)
|
(2 806)
|
(2 623)
|
(2 475)
|
(2 273)
|
(2 317)
|
(2 370)
|
(2 524)
|
(2 655)
|
(2 733)
|
(2 872)
|
(3 000)
|
(3 141)
|
(3 133)
|
(3 158)
|
(3 216)
|
(3 217)
|
(3 446)
|
(3 614)
|
(3 793)
|
(3 959)
|
|
Depreciation & Amortization |
(448)
|
(466)
|
(487)
|
(494)
|
(494)
|
(490)
|
(480)
|
(502)
|
(528)
|
(538)
|
(550)
|
(556)
|
(555)
|
(577)
|
(597)
|
(613)
|
(627)
|
(634)
|
(647)
|
(656)
|
(679)
|
(711)
|
(743)
|
(767)
|
(782)
|
(791)
|
(798)
|
(804)
|
(805)
|
(811)
|
(837)
|
(861)
|
(890)
|
(917)
|
(922)
|
(943)
|
(963)
|
(978)
|
(1 007)
|
(1 034)
|
(1 069)
|
|
Other Operating Expenses |
(453)
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Operating Income |
7 858
N/A
|
8 547
+9%
|
8 789
+3%
|
9 078
+3%
|
9 222
+2%
|
9 387
+2%
|
9 430
+0%
|
9 762
+4%
|
10 481
+7%
|
10 856
+4%
|
11 575
+7%
|
12 163
+5%
|
12 375
+2%
|
12 901
+4%
|
13 362
+4%
|
13 561
+1%
|
13 958
+3%
|
14 285
+2%
|
14 709
+3%
|
15 401
+5%
|
15 693
+2%
|
15 962
+2%
|
15 053
-6%
|
14 092
-6%
|
13 921
-1%
|
13 573
-2%
|
14 635
+8%
|
15 807
+8%
|
16 886
+7%
|
18 164
+8%
|
18 967
+4%
|
19 741
+4%
|
20 248
+3%
|
20 722
+2%
|
21 338
+3%
|
21 927
+3%
|
22 459
+2%
|
22 907
+2%
|
23 377
+2%
|
24 057
+3%
|
24 372
+1%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
8
|
0
|
(21)
|
(37)
|
(176)
|
(427)
|
(422)
|
(541)
|
(550)
|
(563)
|
(577)
|
(595)
|
(610)
|
(612)
|
(603)
|
(590)
|
(563)
|
(533)
|
(430)
|
(385)
|
(324)
|
(316)
|
(345)
|
(203)
|
189
|
218
|
476
|
169
|
(475)
|
(765)
|
(911)
|
(709)
|
(268)
|
19
|
238
|
455
|
384
|
307
|
199
|
|
Non-Reccuring Items |
0
|
(456)
|
(456)
|
(14)
|
0
|
(12)
|
(1 889)
|
(1 879)
|
(1 894)
|
(1 895)
|
(18)
|
(19)
|
(4)
|
(2)
|
(602)
|
(607)
|
(614)
|
(636)
|
(37)
|
(400)
|
(393)
|
(379)
|
(379)
|
(11)
|
(12)
|
(7)
|
(4)
|
(3)
|
(150)
|
(207)
|
(926)
|
(928)
|
(1 121)
|
(1 061)
|
(801)
|
(927)
|
(595)
|
(1 025)
|
(581)
|
(462)
|
(497)
|
|
Total Other Income |
45
|
33
|
(79)
|
(69)
|
171
|
193
|
420
|
556
|
187
|
193
|
98
|
113
|
160
|
165
|
217
|
464
|
456
|
598
|
602
|
416
|
358
|
182
|
96
|
25
|
0
|
0
|
0
|
41
|
0
|
0
|
0
|
88
|
0
|
0
|
0
|
18
|
0
|
0
|
0
|
14
|
0
|
|
Pre-Tax Income |
7 903
N/A
|
8 124
+3%
|
8 262
+2%
|
8 995
+9%
|
9 372
+4%
|
9 531
+2%
|
7 785
-18%
|
8 012
+3%
|
8 352
+4%
|
8 613
+3%
|
11 105
+29%
|
11 694
+5%
|
11 954
+2%
|
12 469
+4%
|
12 367
-1%
|
12 806
+4%
|
13 197
+3%
|
13 657
+3%
|
14 711
+8%
|
14 884
+1%
|
15 228
+2%
|
15 380
+1%
|
14 446
-6%
|
13 790
-5%
|
13 564
-2%
|
13 363
-1%
|
14 820
+11%
|
16 063
+8%
|
17 212
+7%
|
18 126
+5%
|
17 566
-3%
|
18 136
+3%
|
18 216
+0%
|
18 952
+4%
|
20 269
+7%
|
21 037
+4%
|
22 102
+5%
|
22 337
+1%
|
23 180
+4%
|
23 916
+3%
|
24 074
+1%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(2 303)
|
(2 572)
|
(2 373)
|
(2 667)
|
(2 672)
|
(2 674)
|
(2 213)
|
(2 021)
|
(2 232)
|
(3 770)
|
(4 615)
|
(4 995)
|
(4 789)
|
(3 129)
|
(2 757)
|
(2 491)
|
(2 441)
|
(2 529)
|
(2 811)
|
(2 804)
|
(2 853)
|
(2 898)
|
(2 692)
|
(2 924)
|
(2 844)
|
(2 701)
|
(3 956)
|
(3 752)
|
(4 068)
|
(4 361)
|
(2 965)
|
(3 179)
|
(3 039)
|
(3 165)
|
(3 737)
|
(3 764)
|
(4 118)
|
(3 947)
|
(4 074)
|
(4 173)
|
(4 102)
|
|
Income from Continuing Operations |
5 600
|
5 552
|
5 889
|
6 328
|
6 700
|
6 857
|
5 572
|
5 991
|
6 120
|
4 843
|
6 490
|
6 699
|
7 165
|
9 340
|
9 610
|
10 315
|
10 756
|
11 128
|
11 900
|
12 080
|
12 375
|
12 482
|
11 754
|
10 866
|
10 720
|
10 662
|
10 864
|
12 311
|
13 144
|
13 765
|
14 601
|
14 957
|
15 177
|
15 787
|
16 532
|
17 273
|
17 984
|
18 390
|
19 106
|
19 743
|
19 972
|
|
Net Income (Common) |
5 584
N/A
|
5 536
-1%
|
5 873
+6%
|
6 313
+7%
|
6 685
+6%
|
6 842
+2%
|
5 560
-19%
|
5 929
+7%
|
5 990
+1%
|
4 702
-22%
|
6 279
+34%
|
6 467
+3%
|
6 903
+7%
|
9 002
+30%
|
9 262
+3%
|
9 942
+7%
|
10 378
+4%
|
10 735
+3%
|
11 478
+7%
|
11 650
+1%
|
11 932
+2%
|
12 034
+1%
|
11 331
-6%
|
10 475
-8%
|
10 359
-1%
|
10 337
0%
|
10 564
+2%
|
12 008
+14%
|
12 840
+7%
|
13 454
+5%
|
14 274
+6%
|
14 630
+2%
|
14 864
+2%
|
15 485
+4%
|
16 240
+5%
|
16 989
+5%
|
17 701
+4%
|
18 108
+2%
|
18 818
+4%
|
19 457
+3%
|
19 705
+1%
|
|
EPS (Diluted) |
2.03
N/A
|
2.25
+11%
|
2.39
+6%
|
2.58
+8%
|
2.74
+6%
|
2.84
+4%
|
2.33
-18%
|
2.45
+5%
|
2.47
+1%
|
1.95
-21%
|
2.63
+35%
|
2.7
+3%
|
2.93
+9%
|
3.85
+31%
|
3.99
+4%
|
4.26
+7%
|
4.52
+6%
|
4.71
+4%
|
5.06
+7%
|
5.12
+1%
|
5.32
+4%
|
5.4
+2%
|
5.11
-5%
|
4.71
-8%
|
4.7
0%
|
4.71
+0%
|
4.83
+3%
|
5.48
+13%
|
5.94
+8%
|
6.28
+6%
|
6.7
+7%
|
6.84
+2%
|
7.07
+3%
|
7.39
+5%
|
7.8
+6%
|
8.14
+4%
|
7.16
-12%
|
8.88
+24%
|
9.27
+4%
|
9.58
+3%
|
9.93
+4%
|