Market capitalisation
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Share price multiplied by shares outstanding. It does not measure company cash.
Company analysis·V
Preparing the analysis
We’re preparing the company’s analysis.
NYSE·V
Visa Inc.
Share price$418.89Price as of: Nov 9, 2026
Visa Inc. (V) is a company listed on NYSE, classified under Financial - Credit Services.
Visa operates globally as a payments technology firm, processing secure and efficient digital transfers.
Revenue · FY 2026
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Sales generated during the period, before costs and expenses.
Net margin · FY 2026
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Net income as a proportion of revenue.
“Our take” and other explanations are generated with artificial intelligence from the data, without human review of each text. They are descriptive, not recommendations. Learn more
Explore questions
P1 · What does it do and how does it make money?
Of every $100 it takes in,51 come from Data Processing Revenues.
Data Processing Revenues is its largest source of revenue (50.9%), followed by Service (43.4%). Here you will see what it sells, where, and how that mix is changing.
$46bnrevenue in FY 2026
5business lines with data
62%of sales, in Non-US
Full fiscal year ended Sep 30, 2026
01How it makes money
The data does not separate products from services.
Not all revenue behaves the same way. A one-off sale depends on someone buying again; a service is billed again and again while the customer stays.
Its business lines · FY 2026
02Where revenue comes from
A single line brings in half or more.
Each rectangle is a business line and its size is the share of revenue it brings in. Select one to see the detail.
Area = share of total revenue for the year. It does not show profit: the company does not report what each line earns.
What is a segment's weight?
The part of everything the company takes in that comes from that line. If a line weighs 49%, then of every 100 in sales, 49 come from it.
How to read it
The more a line weighs, the more revenue depends on it. A high weight is neither good nor bad by itself: it shows where to look first.
03Where sales come from
It depends on one main market.
Non-US is its largest market, with 62.0% of sales. Each square is a region and its area is what it sells there.
Regions from largest to smallest · FY 2026
04How the mix is changing
Service, Other is gaining weight.
Weight of each part in 2025 and in 2026. A line gains weight when it grows faster than the total.
FY 2025FY 2026
pp = percentage points: the difference between two percentages (from 25% to 27% is 2 pp).
05Read with care
What we can deduce from the data. And what we cannot.
We can deduceWe cannot conclude
01
FY 2026 revenue growth depended even more than before on Data Processing Revenues: it made up 50.0% of revenue but contributed 57.3% of the growth.
That Data Processing Revenues drives higher profitability: no margin by line is known; it could be a low-margin line while growing most.
02
The business relies mainly on international markets: Non-US accounted for 60.9% but drove 69.7% of the growth in FY 2026.
That Non-US sustains net profit: margin by region is unknown; if some of the international segment left less margin, results would depend more on its size than its growth.
03
Despite Client Incentives subtracting $2.6B, the rest of the lines more than made up for it: total revenue grew $5.9B.
That all lines contributed equally to offsetting: growth was highly concentrated in Data Processing Revenues and Non-US.
Our take
Visa relies on Data Processing and international sales growing faster than the rest, as these areas deliver most of its growth.
- 01Shown by the figures
Growth heavily concentrated in Data Processing
While Data Processing Revenues was already the largest line, in FY 2026 it brought much more than its initial weight to growth. This makes it Visa’s real growth engine.
- 02Shown by the figures
Non-US was already the majority, yet still drove most of the overall advance in FY 2026. Visa depends on growing outside the US.
- 03Our interpretation
Net growth depends on offsetting client incentives
Client Incentives reduced reported sales, but the other lines, led by Data Processing Revenues, more than offset it. If this pace stalls, net growth would be at risk.
What is not proven
To what extent can smaller lines like Service, Other, continue contributing such high rates to overall growth as the +40.1% seen in FY 2026?
See the calculations behind it
- Data Processing Revenues brought $3.4B of the $5.9B by which revenue grew in FY 2026 (57.3%), although it weighed 50.0%. Without that line, the rest grew 12.6%.
- Client Incentives took away $2.6B in FY 2026; the other lines made up for it and revenue still rose $5.9B.
- Dependence on Data Processing Revenues barely changes: 50.0% of revenue in FY 2025 and 50.9% in FY 2026.
- Non-US brings 62.0% of sales (60.9% in FY 2025).
- Data Processing Revenues accounts for 57.3% of the change in revenue in FY 2026 and weighed 50.0%.
- Data Processing Revenues weighs more than all the other lines together: 50.9% of revenue in FY 2026.
With data to Nov 6, 2026. Analysis written by a language model from our calculations, which supply every figure. It is not investment advice.
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