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AnalystLens

VISA INC.V

Sector
Other
Industry
Services-Business Services, NEC
Exchange
NYSE

Stock Price $V

Latest filings

You are here#3 of 58 in Financials by market cap

Filing record · 2016–202610-K1010-Q338-K158

V filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 158 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jun ’16Jun ’16
  2. Leadership change8-K · Oct ’18Oct ’18
  3. Leadership change8-K · Jan ’21Jan ’21
  4. FY2025 annual report10-K · Nov ’25Nov ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $40.00B
YoY changeLargest recent move+21.7%in FY17Latest +11.3%

1 older move runs past ±25% (largest +74.5%); point at, tap or drag across the bars to read one.

Latest bar from 10-KFY2025Click a bar to open its SEC filing

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All V Financial Metrics50 metrics

Income Statement11

Balance Sheet25

Cash Flow13

Per Share1

02—Overview

VISA INC. Financial Overview 2021–2025

Updated Jul 10, 2026

Visa's relentless global scale is best captured by its staggering $17 trilliona in total payments volume for FY2025, highlighting an unparalleled grip on digital commerce. Despite persistent legal contingencies, the payments giant continues to leverage its network-of-networks strategy to drive consistent double-digit revenue expansion and aggressive capital returns for shareholders.

The company’s underlying transaction ecosystem has expanded massively, with total payments and cash volume growing from $13 trillion in FY2021 to $17 trillionb in FY2025. During FY2025, net revenue climbed 11% year-over-year to $40 billion, fueled by surging cross-border activity and the routing of 329 billion total transactions. While operating expenses spiked 30% during the year—driven by a massive $2.2 billion provision for interchange multidistrict litigation—Visa's cash-generating engine absorbed the impact without disrupting its core operational trajectory.

This financial resilience directly funded an enormous $18.2 billionc in share repurchases throughout the year and enabled strategic capability upgrades, including the $946 million acquisition of AI-driven fraud prevention firm Featurespace. The market effectively looked past the elevated legal provisions to focus on the underlying toll-bridge economics, valuing the equity at $341.38 per share at the close of FY2025.

Recent Developments (Q1 and Q2 2026)

Visa maintained its growth trajectory through Q2 2026, generating $11.23 billiond in net revenue for a 17% year-over-year increase. This top-line expansion, paired with a 4% drop in operating expenses to $3.996 billion, drove net income up 32% to $6.02 billion. The company simultaneously expanded its Latin American footprint via a $1.5 billion cash acquisition of Prisma and Newpay.

Bulls highlight the accelerating 32% profit growth and aggressive $11.7 billione six-month share repurchase program. Bears warn that persistent interchange disputes requiring multiple escrow deposits could constrain capital flexibility. At $334.86 per share, the stock traded at a 27.2x annualized P/E ratio as of the April 29, 2026 reporting date, not today, appearing cheaply valued relative to recent earnings performance.

What to watch: Integration metrics for the $1.5 billion Prisma and Newpay assets; subsequent litigation escrow deposits affecting Class B conversion rates.

03—Filings

Recent SEC Filings

  1. 8-KVISA INC. 8-K Report, Corporate Update (Sep 23, 2026)Visa Inc. has disclosed a significant event on September 23, 2026, detailing the deposit of $405 million into a U.S. litigation escrow account. This action is part of the Company's U.S. retrospective responsibility plan and has direct implications for its Class B common stock (B-1, B-2, and B-3). Specifically, the deposit triggers downward adjustments to the conversion rates of these classes of stock into Class A common stock. These conversion rate adjustments are akin to a share repurchase program, affecting the as-converted share count of the Class B stock and consequently impacting earnings per share. The filing provides specific details on the reduced conversion rates and the resulting decrease in the as-converted share counts for each Class B series. Investors should note that this event, while stemming from litigation provisions, has a dilutive effect on the Class B shareholders through reduced conversion ratios, effectively increasing the value of Class A shares on a per-share basis.
  2. 8-KVISA INC. 8-K Report, Financial Results (Jul 28, 2026)Visa Inc. (V) has filed an 8-K report on July 28, 2026, primarily announcing its financial results for the fiscal third quarter ended June 30, 2026, via an attached earnings release (Exhibit 99.1). While the specific financial figures are detailed in the earnings release, this 8-K serves as notification of the results and the upcoming conference call to discuss them. Additionally, the report discloses a significant capital allocation decision: the Board of Directors has declared a quarterly cash dividend of $0.670 per share. This dividend is payable on September 1, 2026, to shareholders of record as of August 11, 2026, indicating a continued commitment to returning value to shareholders.
  3. 8-KVISA INC. 8-K Report, Bylaw Amendment (Jul 15, 2026)Visa Inc. (V) has filed an 8-K report on July 15, 2026, announcing significant amendments to its Amended and Restated Bylaws, effective July 14, 2026. The primary change involves the adoption of exclusive forum provisions for certain legal actions. This move aims to streamline litigation by designating specific courts as the primary venue for disputes, potentially reducing legal costs and uncertainty for the company. Investors should note that these changes impact where certain lawsuits against Visa can be filed.
  4. 8-KVISA INC. 8-K Report, Corporate Update (Jun 26, 2026)Visa Inc. (V) announced an important update regarding its U.S. litigation responsibility plan. On June 24, 2026, the company deposited $250 million into a U.S. litigation escrow account. This action is part of a pre-established plan designed to manage retrospective responsibilities related to U.S. litigation. This deposit triggered adjustments to the conversion rates of Visa's Class B-1, B-2, and B-3 common stock, which are primarily held by U.S. financial institutions. The adjustments effectively reduce the number of Class A common stock shares these Class B shares are convertible into. This mechanism is akin to a share repurchase in its impact on earnings per share, leading to a reduction in the as-converted share count for these classes of stock. Investors should note this is a financial maneuver to address potential litigation liabilities and impacts the share count of certain classes of stock.
  5. 8-KVISA INC. 8-K Report, Material Agreement (May 12, 2026)Visa Inc. has announced the settlement of its previously disclosed exchange offer for its Class B-1 and Class B-2 common stock, effective May 11, 2026. This settlement involved entering into 'Makewhole Agreements' with participating holders and their parent guarantors. These agreements are designed to mitigate Visa's financial exposure related to a significant U.S. litigation matter concerning interchange reimbursement fees.
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04—See also

Related Companies

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