Filing Flows › Visa (V) › How it makes money
How Visa (V) makes money
Visa (V) made $12.1B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier. Of every dollar of revenue, 60¢ was left as operating profit, 49¢ was left as net earnings.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $12.1B | 100.0% |
| Operating profit | $7.3B | 59.8% |
| Income tax | $1.4B | 11.2% |
| Net earnings | $6.0B | 49.4% |
| Operating cash flow | $7.4B | 60.8% |
| Free cash flow | $6.9B | 56.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $12.1B | +13% |
| Q3 FY26 | $11.6B | +14% |
| Q2 FY26 | $11.2B | +17% |
| Q1 FY26 | $10.9B | +15% |
| Q4 FY25 | $10.7B | +12% |
| Q3 FY25 | $10.2B | +14% |
| Q2 FY25 | $9.6B | +9% |
From Visa's 10-K filed Nov 5, 2026 (on EDGAR).
Questions
How does Visa make money?
Visa (V) made $12.1B of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +13% from a year earlier. Of every dollar of revenue, 60¢ was left as operating profit, 49¢ was left as net earnings.
What is Visa's profit margin?
Net earnings were $6.0B, 49.4% of revenue, in the fourth quarter fiscal 2026; the operating margin was 59.8%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.