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VISA INC.

CIK:0001403161|SEC Filings
v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Net revenue $ 11,230 $ 9,594 $ 22,131 $ 19,104
Operating Expenses        
Personnel 1,841 1,657 3,605 3,470
Marketing 545 381 955 687
Network and processing 260 224 493 431
Professional fees 238 173 446 316
Depreciation and amortization 333 305 659 587
General and administrative 450 419 965 900
Litigation provision 329 1,000 1,037 1,044
Total operating expenses 3,996 4,159 8,160 7,435
Operating income 7,234 5,435 13,971 11,669
Non-operating Income (Expense)        
Interest expense (178) (158) (372) (340)
Investment income (expense) and other 118 161 301 309
Total non-operating income (expense) (60) 3 (71) (31)
Income before income taxes 7,174 5,438 13,900 11,638
Income tax provision 1,153 861 2,026 1,942
Net income 6,021 4,577 11,874 9,696
Class A common stock        
Non-operating Income (Expense)        
Net income $ 5,265 $ 3,996 $ 10,382 $ 8,463
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 3.15 $ 2.32 $ 6.18 $ 4.90
Basic Weighted-average Shares Outstanding (in shares) 1,674 1,721 1,681 1,725
Diluted Earnings Per Share (in dollars per share) $ 3.14 $ 2.32 $ 6.17 $ 4.90
Diluted Weighted-average Shares Outstanding (in shares) 1,916 1,974 1,924 1,979
Class B-1 common stock        
Non-operating Income (Expense)        
Net income $ 24 $ 18 $ 46 $ 37
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 4.87 $ 3.63 $ 9.58 $ 7.68
Basic Weighted-average Shares Outstanding (in shares) 5 5 5 5
Diluted Earnings Per Share (in dollars per share) $ 4.87 $ 3.63 $ 9.57 $ 7.67
Diluted Weighted-average Shares Outstanding (in shares) 5 5 5 5
Class B-2 common stock        
Non-operating Income (Expense)        
Net income $ 571 $ 431 $ 1,126 $ 911
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 4.75 $ 3.58 $ 9.36 $ 7.57
Basic Weighted-average Shares Outstanding (in shares) 120 120 120 120
Diluted Earnings Per Share (in dollars per share) $ 4.74 $ 3.58 $ 9.35 $ 7.56
Diluted Weighted-average Shares Outstanding (in shares) 120 120 120 120
Class C common stock        
Non-operating Income (Expense)        
Net income $ 112 $ 85 $ 220 $ 183
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 12.58 $ 9.29 $ 24.71 $ 19.62
Basic Weighted-average Shares Outstanding (in shares) 9 9 9 9
Diluted Earnings Per Share (in dollars per share) $ 12.57 $ 9.27 $ 24.68 $ 19.59
Diluted Weighted-average Shares Outstanding (in shares) 9 9 9 9