How does Visa (V) make money?

Visa (V) generates revenue primarily from Data Processing Revenues, which accounted for 50.3% of total revenue in TTM through Q1 2026. The company reported $43.03B in revenue and converted 51.7% of it into net profit, equivalent to roughly $22.24B in net income — what's left after the cost of revenue, operating expenses, interest, and income taxes.

What is the gross profit margin of Visa (V)?

Visa (V) reported a gross profit margin of 81.3% in TTM through Q1 2026, equivalent to $34.98B in gross profit on $43.03B in revenue. Gross margin measures how much of each dollar of revenue remains after the direct cost of producing or delivering the product — a higher figure typically signals pricing power, scale, or a less capital-intensive business model.

What is the operating profit margin of Visa (V)?

Visa (V) reported an operating profit margin of 61.1% in TTM through Q1 2026, equivalent to $26.30B in operating income. Operating margin captures profitability after research & development, sales & marketing, and general & administrative expenses — but before interest, taxes, and one-off items — and is the cleanest single read on the underlying business's efficiency.

What is the net profit margin of Visa (V)?

Visa (V) reported a net profit margin of 51.7% in TTM through Q1 2026, equivalent to $22.24B in net income. Net margin is the bottom-line share of revenue that survives every expense — operating costs, interest, and income taxes — and is the figure that flows directly into earnings per share.

Is Visa (V) profitable?

Yes. Visa (V) reported $22.24B in net income for TTM through Q1 2026, with a net profit margin of 51.7%. The company earned more from its operations than it paid out in costs, interest, and income taxes, leaving positive earnings on the bottom line.

How much does Visa (V) spend on capital expenditures?

Visa (V) spent $1.57B on capital expenditures (CapEx) during TTM through Q1 2026, roughly 3.7% of total revenue. CapEx represents long-lived investment in property, equipment, data centres, and other physical infrastructure, and is subtracted from operating cash flow to arrive at free cash flow.

How much free cash flow does Visa (V) generate?

Visa (V) generated $21.18B in free cash flow during TTM through Q1 2026, a free-cash-flow margin of 49.2%. Free cash flow is the cash left after capital expenditures and represents the discretionary pool the company can use to pay dividends, repurchase shares, repay debt, or fund acquisitions without raising external capital.

What is the effective tax rate of Visa (V)?

Visa (V) had an effective tax rate of 16% in TTM through Q1 2026. The effective rate is the actual share of pre-tax income paid as income taxes and can differ materially from the statutory rate due to foreign earnings mix, tax credits (such as R&D), share-based compensation deductions, and one-off discrete items.

What are the main business segments of Visa (V)?

Visa (V) reports revenue across 4 reportable product segments, led by Data Processing Revenues at 36.2% of total revenue in TTM through Q1 2026. See the revenue-by-segment table on this page for the full breakdown and how each segment feeds into the income-statement waterfall above.

Where does Visa (V) generate most of its revenue?

Non-US is the largest geographic market for Visa (V), accounting for 61.5% of revenue in the most recent annual filing. The complete regional split — including international markets and any Rest-of-World rollup — is shown in the revenue-by-geography table on this page.

How Visa Makes Money: 2026 Visual Revenue Map

Visa (V) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending March 31, 2026 (reported April 29, 2026).

Visa (V) Revenue by Product Segment — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported segments changed mid-year.

Revenue contribution by product segment for Visa (V) in TTM through Q1 2026.
Segment	Revenue (USD)	% of total
Data Processing Revenues	$15.58B	36.2%
Service	$13.44B	31.2%
International Transaction Revenues	$10.60B	24.6%
Service, Other	$3.41B	7.9%
Total	$43.03B	100%

Data Processing Revenues$15.58B
Service$13.44B
International Transaction Revenues$10.60B
Service, Other$3.41B
Total$43.03B

Visa (V) Revenue by Geography — TTM through Q1 2026

Aggregated from the four quarterly disclosures behind this TTM. Minor differences vs the company's annual filing can occur if reported regions changed mid-year.

Revenue contribution by geographic region for Visa (V), TTM through Q1 2026
Region	Revenue (USD)	% of total
Non-US	$26.46B	61.5%
UNITED STATES	$16.57B	38.5%
Total	$43.03B	100%

Non-US
UNITED STATES
Total

Revenue Breakdown — TTM through Q1 2026

In TTM through Q1 2026, Visa (V) reports revenue across 4 operating segments; the largest segment was Data Processing Revenues at 36.2%, followed by Service (31.2%) and International Transaction Revenues (24.6%). Separately, by end-market geography, Non-US accounted for 61.5% of revenue, followed by UNITED STATES (38.5%).

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