Filing Flows › Visa (V) › Q4 FY26 › vs Q4 FY25
Visa (V) Q4 FY26 vs Q4 FY25 (year over year)
Visa's revenue rose $1.4B (+13%) from $10.7B in Q4 FY25 to $12.1B in Q4 FY26. Operating margin 59.8% against 57.3% (+2.5 pts).
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 draws each line against Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Operating margin | 59.8% | 57.3% | +2.5 pts |
| Net margin | 49.4% | 47.5% | +2.0 pts |
| Free cash flow margin | 56.8% | 54.5% | +2.2 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $12.1B | $10.7B | $1.4B | +13% |
| Other income, net | $98.0M | $75.0M | $23.0M | +31% |
| Operating profit | $7.3B | $6.1B | $1.1B | +18% |
| Costs & expenses | $4.9B | $4.6B | $301M | +7% |
| Pre-tax earnings | $7.4B | $6.2B | $1.1B | +18% |
| Sales & marketing | $711M | $576M | $135M | +23% |
| General & admin | $829M | $544M | $285M | +52% |
| Other operating costs | $3.3B | $3.5B | −$119M | -3% |
| Net earnings | $6.0B | $5.1B | $912M | +18% |
| Income tax | $1.4B | $1.1B | $225M | +20% |
| Depreciation & amortization | $377M | $316M | $61.0M | +19% |
| Share-based compensation | $200M | $191M | $9.0M | +5% |
| Working capital & other | $807M | $641M | $166M | +26% |
| Operating cash flow | $7.4B | $6.2B | $1.1B | +18% |
| Free cash flow (OCF − capex) | $6.9B | $5.8B | $1.0B | +18% |
| Capital expenditures | $493M | $389M | $104M | +27% |
Questions
How much did Visa's revenue grow year over year in Q4 FY26?
Visa's revenue rose $1.4B (+13%) from $10.7B in Q4 FY25 to $12.1B in Q4 FY26. Operating margin 59.8% against 57.3% (+2.5 pts).