Visa Quarterly Cash Flow Statement
NYSE: VConsumer DiscretionaryBusiness ServicesUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Pre-market: 385.78 +0.08%
Visa free cash flow
In the quarter ended Mar 31, 2026, Visa generated $3.01 billion of operating cash flow and spent $383.0 million on capital expenditures. That left free cash flow of $2.63 billion, a free-cash-flow margin of 23.4% of revenue. Free cash flow was down 39.9% from the prior year's $4.37 billion.
Visa returned $9.19 billion to shareholders: $1.29 billion in dividends and $7.90 billion in share repurchases, equal to 350% of free cash flow. Free cash flow covered dividend payments 2.0 times.
Summary generated from market data by MetaCap's automated system. Methodology
Visa cash flow statement (quarterly)
| Quarter (USD) | Q2 20262026-03-31 | Q1 20262025-12-31 | Q4 20252025-09-30 | Q3 20252025-06-30 | Q2 20252025-03-31 | Q1 20252024-12-31 | Q4 20242024-09-30 | Q3 20242024-06-30 | Q2 20242024-03-31 | Q1 20242023-12-31 | Q4 20232023-09-30 | Q3 20232023-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 6.02B | 5.85B | 5.09B | 5.27B | 4.58B | 5.12B | 5.32B | 4.87B | 4.66B | 4.89B | 4.68B | 4.16B |
| Net Income growth (YoY) | +31.55% | +14.34% | -4.29% | +8.21% | -1.84% | +4.68% | +13.61% | +17.23% | +9.54% | +17.01% | +18.81% | +21.84% |
| Depreciation & Amortization | 333.00M | 326.00M | 316.00M | 317.00M | 305.00M | 282.00M | 274.00M | 264.00M | 249.00M | 247.00M | 247.00M | 235.00M |
| Stock-Based Compensation | 275.00M | 231.00M | 191.00M | 223.00M | 259.00M | 224.00M | 188.00M | 211.00M | 242.00M | 209.00M | 174.00M | 191.00M |
| Change in Working Capital | -1.93B | -188.00M | 51.00M | 235.00M | -473.00M | -128.00M | 87.00M | -165.00M | 168.00M | -417.00M | 105.00M | -153.00M |
| Operating Cash Flow | 3.01B | 6.78B | 6.24B | 6.73B | 4.70B | 5.40B | 6.66B | 5.13B | 4.54B | 3.61B | 6.93B | 5.80B |
| Capital Expenditures | -383.00M | -378.00M | -389.00M | -421.00M | -327.00M | -345.00M | -309.00M | -400.00M | -281.00M | -267.00M | -305.00M | -295.00M |
| Investing Cash Flow | -878.00M | 361.00M | 304.00M | -256.00M | -130.00M | 790.00M | 584.00M | 555.00M | -1.18B | -1.89B | -1.19B | 17.00M |
| Dividends Paid | -1.29B | -1.29B | -1.15B | -1.15B | -1.16B | -1.17B | -1.04B | -1.06B | -1.06B | -1.06B | -928.00M | -937.00M |
| Share Repurchases | -7.90B | -3.73B | -4.93B | -4.78B | -4.60B | -4.01B | -5.85B | -4.53B | -2.76B | -3.58B | -3.75B | -3.04B |
| Debt Issued | — | — | 0 | 3.92B | — | — | 0 | — | — | — | 0 | — |
| Debt Repaid | 0 | -4.00B | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Cash Flow | -6.41B | -8.99B | -6.00B | -1.83B | -5.66B | -5.47B | -7.07B | -5.31B | -3.87B | -4.38B | -4.58B | -3.92B |
| Net Change in Cash | -4.47B | -1.81B | 546.00M | 5.30B | -830.00M | 203.00M | 487.00M | 328.00M | -688.00M | -2.35B | 951.00M | 1.91B |
| Free Cash Flow | 2.63B | 6.40B | 5.85B | 6.31B | 4.37B | 5.05B | 6.36B | 4.73B | 4.26B | 3.35B | 6.62B | 5.50B |
This table shows 12 quarterly periods of Visa's cash flow statement, from Q2 2026 back to Q3 2023, 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?