Visa Inc. (V) Earnings History
Annual and quarterly earnings data from 2005 to 2025
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V EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
V Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 80.4% | 60.0% | 50.1% |
| 2024 | 80.4% | 65.7% | 55.0% |
| 2023 | 79.9% | 64.3% | 52.9% |
| 2022 | 80.4% | 64.2% | 51.0% |
| 2021 | 79.4% | 65.6% | 51.1% |
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Visa Inc. (V) Earnings Overview
As of May 6, 2026, Visa Inc. (V) reported trailing twelve-month net income of $22.24B, reflecting +4.8% year-over-year growth. The company earned $11.50 per diluted share over the past four quarters, with a net profit margin of 50.1%.
Looking at the long-term picture, V's 5-year EPS compound annual growth rate (CAGR) stands at +15.8%, indicating exceptional earnings growth. The company achieved its highest annual net income of $20.06B in fiscal 2025, representing a new all-time high.
Visa Inc. maintains industry-leading profitability with a gross margin of 80.4%, operating margin of 60.0%, and net margin of 50.1%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MA ($15.57B net income, 45.6% margin), AXP ($11.22B net income, 13.5% margin), PYPL ($5.06B net income, 15.8% margin), V has outperformed on profitability metrics. Compare V vs MA →
V Earnings vs Peers
Earnings metrics vs comparable public companies
V Historical Earnings Data (2005–2025)
21 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $20.06B | +1.6% | $23.99B | $10.20 | 50.1% | 60.0% |
| 2024 | $19.74B | +14.3% | $23.59B | $9.73 | 55.0% | 65.7% |
| 2023 | $17.27B | +15.5% | $21.00B | $8.28 | 52.9% | 64.3% |
| 2022 | $14.96B | +21.5% | $18.81B | $7.00 | 51.0% | 64.2% |
| 2021 | $12.31B | +13.3% | $15.80B | $5.63 | 51.1% | 65.6% |
| 2020 | $10.87B | -10.0% | $14.08B | $4.89 | 49.7% | 64.5% |
| 2019 | $12.08B | +17.3% | $15.00B | $5.32 | 52.6% | 65.3% |
| 2018 | $10.30B | +53.8% | $12.95B | $4.42 | 50.0% | 62.9% |
| 2017 | $6.70B | +11.8% | $12.14B | $2.80 | 36.5% | 66.2% |
| 2016 | $5.99B | -5.3% | $7.88B | $2.48 | 39.7% | 52.3% |
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Start ComparisonV — Frequently Asked Questions
Quick answers to the most common questions about buying V stock.
Is V growing earnings?
V EPS of $11.50 reflects slowing growth at +4.8%, below the 5-year CAGR of +15.8%. TTM net income is $22.2B. Expansion rate has moderated.
What are V's profit margins?
Visa Inc. net margin is +50.1%, with operating margin at +60.0%. Above-average margins indicate pricing power.
How consistent are V's earnings?
V earnings data spans 2005-2025. The current earnings trend is +4.8% YoY. Historical data enables comparison across business cycles.