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VISA INC.

CIK:0001403161|SEC Filings
v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Net revenue $ 10,901 $ 9,510
Operating Expenses    
Personnel 1,764 1,813
Marketing 410 306
Network and processing 233 207
Professional fees 208 143
Depreciation and amortization 326 282
General and administrative 515 481
Litigation provision 708 44
Total operating expenses 4,164 3,276
Operating income 6,737 6,234
Non-operating Income (Expense)    
Interest expense (194) (182)
Investment income (expense) and other 183 148
Total non-operating income (expense) (11) (34)
Income before income taxes 6,726 6,200
Income tax provision 873 1,081
Net income $ 5,853 $ 5,119
Class A common stock    
Earnings Per Share    
Basic Earnings Per Share (in dollars per share) $ 3.03 $ 2.58
Basic Weighted-average Shares Outstanding (in shares) 1,687 1,729
Diluted Earnings Per Share (in dollars per share) $ 3.03 $ 2.58
Diluted Weighted-average Shares Outstanding (in shares) 1,933 1,985
Class B-1 common stock    
Earnings Per Share    
Basic Earnings Per Share (in dollars per share) $ 4.71 $ 4.04
Basic Weighted-average Shares Outstanding (in shares) 5 5
Diluted Earnings Per Share (in dollars per share) $ 4.71 $ 4.04
Diluted Weighted-average Shares Outstanding (in shares) 5 5
Class B-2 common stock    
Earnings Per Share    
Basic Earnings Per Share (in dollars per share) $ 4.61 $ 3.99
Basic Weighted-average Shares Outstanding (in shares) 120 120
Diluted Earnings Per Share (in dollars per share) $ 4.61 $ 3.98
Diluted Weighted-average Shares Outstanding (in shares) 120 120
Class C common stock    
Earnings Per Share    
Basic Earnings Per Share (in dollars per share) $ 12.13 $ 10.33
Basic Weighted-average Shares Outstanding (in shares) 9 10
Diluted Earnings Per Share (in dollars per share) $ 12.11 $ 10.32
Diluted Weighted-average Shares Outstanding (in shares) 9 10