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Visa profit margin V

Gross, operating and net profit as a share of revenue over the last twelve months, from 2009.

Net margin, 12 months
50.8%
Operating margin, 12 months
60.7%
Net margin on a year earlier
−1.4 pts
Peer median
17.2%

Over the twelve months to Jun 30, 2026, Visa kept 50.8% of its revenue as net profit, with an operating margin of 60.7%.

Five years earlier its net margin was 48.0%.

The median for 3 credit services stocks of a similar size is 17.2%.

Profit margin over time

OperatingNet

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearNet marginOperating margin
FY202550.1%60.0%
FY202455.0%65.7%
FY202352.9%64.3%
FY202251.0%64.2%
FY202151.1%65.6%
FY202049.7%64.5%
FY201952.6%65.3%
FY201850.0%62.9%
FY201736.5%66.2%
FY201639.7%52.3%
FY201545.6%65.3%
FY201442.8%60.6%
FY201342.3%61.5%
FY201220.6%20.5%
FY201139.7%59.4%

Quarter by quarter

QuarterEndedNet margin, 12 monthsChange on a yearOperating margin
Q3 FY2650.8%−1.4 pts60.7%
Q2 FY2651.7%−1.2 pts61.1%
Q1 FY2650.2%−4.0 pts59.2%
Q4 FY2550.1%−4.8 pts60.0%
Q3 FY2552.2%−2.6 pts62.2%
Q2 FY2552.9%−1.0 pts63.7%
Q1 FY2554.3%+0.3 pts64.9%
Q4 FY2455.0%+2.1 pts65.7%
Q3 FY2454.7%+2.8 pts65.3%
Q2 FY2453.9%+2.9 pts64.1%
Q1 FY2453.9%+3.6 pts65.6%
Q4 FY2352.9%+1.9 pts64.3%

Against its peers

Companies in Financial - Credit Services nearest Visa's size, closest first, today.

CompanyProfit margin
VVisa50.8%
MAMastercard46.3%
AXPAmerican Express15.8%
COFCapital One Financial17.2%
Peer median17.2%

Where Visa ranks

What the profit margin tells you

Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).

Compare within an industry. 10% is superb for a retailer and poor for a software company.

More on Visa

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.