VVisa Inc.
Visa is one of the world’s leaders in digital payments. 10-K, Item 1
- Employees
- 34,800
- Headquarters
- San Francisco, CA
- CEO
- Ryan McInerney
- Next results
- around Jan 28, 2027
The biggest changes in the 10-K filed 2026-11-05, this fiscal year against the last, and the sentences in the MD&A (Item 7) where management explains them, quoted word for word. Tickdelta picks sentences that name the line, a direction and a cause. It does not write explanations of its own.
Net income
+17.2% Big change FY to 2026-09-30 vs 2025-09-30The MD&A has no sentence that names a cause for this change. That can be worth a question: ask about the filing.
Revenue
+14.8% Big change FY to 2026-09-30 vs 2025-09-30“Net revenue increased 15% over the prior year, primarily due to the growth in nominal cross-border volume, processed transactions and nominal payments volume, partially offset by higher client incentives.”
Read it in the 10-K ↗
“Net revenue increased in fiscal 2026 over the prior year primarily due to the growth in nominal cross-border volume, processed transactions and nominal payments volume, partially offset by higher client incentives.”
Read it in the 10-K ↗
Operating margin
60.0% → 61.2% (+1.3 pts) Big change FY to 2026-09-30 vs 2025-09-30“Operating expenses increased 11% over the prior year, primarily driven by higher personnel and marketing expenses.”
Read it in the 10-K ↗
“Non-GAAP operating expenses increased 16% over the prior year, primarily driven by higher personnel, marketing and professional fees.”
Read it in the 10-K ↗
Cash from operations
+2.9% FY to 2026-09-30 vs 2025-09-30“Cash provided by operating activities increased in fiscal 2026 over the prior year primarily due to growth in our underlying business, partially offset by higher litigation payments and timing of payments related to income taxes.”
Read it in the 10-K ↗
Changes are computed from the XBRL figures in the same 10-K. Hover a number to see the line item. Open the 10-K ↗
Work on V in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/V/export.csv") into a cell.