Visa Cash Flow Statement
NYSE: VConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Visa free cash flow
In fiscal 2025, Visa generated $23.06 billion of operating cash flow and spent $1.48 billion on capital expenditures. That left free cash flow of $21.58 billion, a free-cash-flow margin of 53.9% of revenue. Free cash flow was up 15.4% from the prior year's $18.69 billion.
Visa returned $22.95 billion to shareholders: $4.63 billion in dividends and $18.32 billion in share repurchases, equal to 106% of free cash flow. Free cash flow covered dividend payments 4.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Visa cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-09-30 | FY 20242024-09-30 | FY 20232023-09-30 | FY 20222022-09-30 | FY 20212021-09-30 | FY 20202020-09-30 | FY 20192019-09-30 | FY 20182018-09-30 | FY 20172017-09-30 | FY 20162016-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 20.06B | 19.74B | 17.27B | 14.96B | 12.31B | 10.87B | 12.08B | 10.30B | 6.70B | 5.99B |
| Net Income growth (YoY) | +1.60% | +14.30% | +15.48% | +21.49% | +13.30% | -10.05% | +17.27% | +53.77% | +11.82% | -5.33% |
| Depreciation & Amortization | 1.22B | 1.03B | 943.00M | 861.00M | 804.00M | 767.00M | 656.00M | 613.00M | 556.00M | 502.00M |
| Stock-Based Compensation | 897.00M | 850.00M | 765.00M | 602.00M | 542.00M | 416.00M | 407.00M | 327.00M | 235.00M | 221.00M |
| Change in Working Capital | -315.00M | -327.00M | -240.00M | -696.00M | 527.00M | 499.00M | -40.00M | 1.75B | 234.00M | -60.00M |
| Operating Cash Flow | 23.06B | 19.95B | 20.75B | 18.85B | 15.23B | 10.44B | 12.78B | 12.94B | 9.32B | 5.57B |
| Capital Expenditures | -1.48B | -1.26B | -1.06B | -970.00M | -705.00M | -736.00M | -756.00M | -718.00M | -707.00M | -523.00M |
| Investing Cash Flow | 708.00M | -1.93B | -2.01B | -4.29B | -152.00M | 1.43B | -591.00M | -3.08B | 735.00M | -10.92B |
| Dividends Paid | -4.63B | -4.22B | -3.75B | -3.20B | -2.80B | -2.66B | -2.27B | -1.92B | -1.58B | -1.35B |
| Share Repurchases | -18.32B | -16.71B | -12.10B | -11.59B | -8.68B | -8.11B | -8.61B | -7.19B | -6.89B | — |
| Debt Issued | 3.92B | 0 | 0 | 3.22B | 0 | 7.21B | 0 | 0 | 2.49B | 15.97B |
| Debt Repaid | 0 | 0 | -2.25B | -1.00B | -3.00B | 0 | 0 | -1.75B | 0 | 0 |
| Financing Cash Flow | -18.96B | -20.63B | -17.77B | -12.70B | -14.41B | -3.97B | -12.06B | -10.79B | -5.92B | 7.48B |
| Net Change in Cash | 5.22B | -2.23B | 1.61B | 578.00M | 628.00M | 8.34B | -145.00M | -1.03B | 4.36B | 2.10B |
| Free Cash Flow | 21.58B | 18.69B | 19.70B | 17.88B | 14.52B | 9.70B | 12.03B | 12.22B | 8.61B | 5.05B |
This table shows 10 annual periods of Visa's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow V's reporting calendar. What is a cash flow statement?