Filing Flows › Visa (V) › Operating margin
Visa (V) operating margin by quarter
Visa's operating margin was 59.8% in Q4 FY26 (fourth quarter fiscal 2026), +0.7 pts from Q3 FY26. Over the last 7 quarters it ranged from 56.6% (Q2 FY25) to 64.4% (Q2 FY26).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q4 FY26 | 59.8% | +0.7 pts | +2.5 pts |
| Q3 FY26 | 59.1% | -5.3 pts | -1.6 pts |
| Q2 FY26 | 64.4% | +2.6 pts | +7.8 pts |
| Q1 FY26 | 61.8% | +4.5 pts | — |
| Q4 FY25 | 57.3% | -3.4 pts | — |
| Q3 FY25 | 60.7% | +4.1 pts | — |
| Q2 FY25 | 56.6% | — | — |
Q4 FY26 at a glance
Visa, Q4 FY26: revenue $12.1B (+13% year over year), operating margin 59.8%, net earnings $6.0B, operating cash flow $7.4B. The chart follows the revenue to costs, profit and cash.
Questions
What is Visa's operating margin?
Visa's operating margin was 59.8% in Q4 FY26 (fourth quarter fiscal 2026), +0.7 pts from Q3 FY26.
How has Visa's operating margin changed?
Over the last 7 quarters it ranged from 56.6% (Q2 FY25) to 64.4% (Q2 FY26).