TTM
61.1%
YoY change
−5.69pp
Trough year (2003)
-71.6%
Peak year (2017)
66.2%
Latest annual
60.0%
Operating Margin history chart for Visa (V) from 2003 to 2025
Latest: 60.0%
Operating Margin change chart for Visa (V) from 2003 to 2025
Latest: −5.69pp
Operating Margin history table for Visa (V) from 2003 to 2025
| 2025 | 60.0% | -5.69pp | ||
| 2024 | 65.7% | +1.36pp | ||
| 2023 | 64.3% | +0.13pp | ||
| 2022 | 64.2% | -1.38pp | ||
| 2021 | 65.6% | +1.11pp | ||
| 2020 | 64.5% | -0.83pp | ||
| 2019 | 65.3% | +2.43pp | ||
| 2018 | 62.9% | -3.29pp | ||
| 2017 | 66.2% | +13.88pp | ||
| 2016 | 52.3% | -13.03pp | ||
| 2015 | 65.3% | +4.71pp | ||
| 2014 | 60.6% | -0.87pp | ||
| 2013 | 61.5% | +40.94pp | ||
| 2012 | 20.5% | -38.86pp | ||
| 2011 | 59.4% | +2.48pp | ||
| 2010 | 56.9% | +5.71pp | ||
| 2009 | 51.2% | +31.52pp | ||
| 2008 | 19.7% | +60.05pp | ||
| 2007 | -40.4% | -65.13pp | ||
| 2006 | 24.8% | +7.75pp | ||
| 2005 | 17.0% | -3.76pp | ||
| 2004 | 20.8% | +92.37pp | ||
| 2003 | -71.6% | — |
- 202560.0%-5.69pp
- 202465.7%+1.36pp
- 202364.3%+0.13pp
- 202264.2%-1.38pp
- 202165.6%+1.11pp
- 202064.5%-0.83pp
- 201965.3%+2.43pp
- 201862.9%-3.29pp
- 201766.2%+13.88pp
- 201652.3%-13.03pp
- 201565.3%+4.71pp
- 201460.6%-0.87pp
- 201361.5%+40.94pp
- 201220.5%-38.86pp
- 201159.4%+2.48pp
- 201056.9%+5.71pp
- 200951.2%+31.52pp
- 200819.7%+60.05pp
- 2007-40.4%-65.13pp
- 200624.8%+7.75pp
- 200517.0%-3.76pp
- 200420.8%+92.37pp
- 2003-71.6%—
Operating Margin values are taken from Visa's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Visa (V)
According to Visa's latest reported financial statements, the company's latest reported operating margin is 61.1%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
The 2025 reading of Visa (V) operating margin is 59.98% – contracted 5.7 percentage points year-over-year.
Across the available history, operating margin reached its high of 66.15% in 2017 and its low of -71.62% in 2003.
Visa Operating Margin by Year
Visa Operating Margin 2025: 60.0%
Visa operating margin in 2025 was 59.98%, contracted 5.7 percentage points from 2024.
Visa Operating Margin 2024: 65.7%
2024's operating margin for Visa came in at 65.68%, expanded 1.4 percentage points from 2023.
Visa Operating Margin 2023: 64.3%
Visa posted operating margin of 64.31% in 2023, expanded 0.1 percentage points from 2022.
Visa Operating Margin 2022: 64.2%
In 2022, Visa reported operating margin of 64.19%, contracted 1.4 percentage points from 2021.
Visa Operating Margin 2021: 65.6%
Visa operating margin in 2021 was 65.56%.
See more financial history for Visa (V).
Sector peers by Operating Margin
Financial Services peers of Visa (V), ranked by their latest operating margin
| 59.4% | |
| 26.2% | |
| 22.9% | |
| 20.5% | |
| 20.5% | |
| 19.5% | |
| 16.1% | |
| 12.8% |
- 59.4%
- 26.2%
- 20.5%
- 20.5%
- 19.5%
- 12.8%
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