Filing Flows › Visa (V) › Q2 FY25
Visa (V) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed Apr 30, 2025
Visa (V) reported revenue of $9.6B for the second quarter fiscal 2025 (Q2 FY25), +9% from a year earlier and +0.9% from the quarter before. Operating margin was 56.6%, net earnings $4.6B (47.7% of revenue).
Visa, Q2 FY25: revenue $9.6B (+9% year over year), operating margin 56.6%, net earnings $4.6B, operating cash flow $4.7B. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.6B | +0.9% | +9% |
| Operating profit | $5.4B | -13% | +2% |
| Net earnings | $4.6B | -11% | -2% |
| Operating cash flow | $4.7B | -13% | +3% |
| Free cash flow | $4.4B | -14% | +3% |
What changed
Revenue was $9.6B in Q2 FY25, up 9% year over year and up 1% from the previous quarter.
Operating profit was $5.4B, a 56.6% margin (down 4.4 points year over year). Of the extra revenue versus a year earlier, 10% reached operating profit, below the 61% margin then. Total costs grew 22% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+28%). Net earnings were $4.6B, down 2% year over year. The effective tax rate was 15.8%.
Operating cash flow was $4.7B (up 3% year over year), 103% of net earnings. Non-cash charges added back $0.30B of depreciation and amortization and $0.26B of share-based compensation. Working capital and other items used $0.45B. Capital expenditures of $0.33B left free cash flow of $4.4B.
Questions
What was Visa's revenue in the second quarter fiscal 2025?
Visa (V) reported revenue of $9.6B for the second quarter fiscal 2025 (Q2 FY25), +9% from a year earlier and +0.9% from the quarter before.
Was Visa profitable in the second quarter fiscal 2025?
Operating profit was $5.4B (56.6% of revenue) and net earnings $4.6B.
Source: Visa 10-Q on SEC EDGAR.