Visa Inc. (V) Financial Statements (2024 and earlier)

Company Profile

Business Address P.O. BOX 8999
SAN FRANCISCO, CA 94128-8999
State of Incorp. DE
Fiscal Year End September 30
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
12/31/2022
MRQ
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments13,33415,68916,48720,93512,6668,162
Cash and cash equivalents13,33415,68916,48716,2897,8388,162
Short-term investments    4,6464,828 
Restricted cash and investments      1,491
Receivables2,1132,2102,0511,7111,6721,290
Other undisclosed current assets12,41212,3069,0694,9996,6327,273
Total current assets:27,85930,20527,60727,64520,97018,216
Noncurrent Assets
Operating lease, right-of-use asset 480515  
Property, plant and equipment3,2363,2232,7152,7372,6952,472
Long-term investments and receivables2,7352,1361,7052312,157 
Long-term investments2,7352,1361,7052312,157 
Intangible assets, net (including goodwill)44,33142,85243,62243,71842,43642,752
Goodwill18,02417,78715,95815,91015,65615,194
Intangible assets, net (excluding goodwill)26,30725,06527,66427,80826,78027,558
Other noncurrent assets3,5693,7374,0023,4132,2321,165
Other undisclosed noncurrent assets3,6572,8682,7303,1752,0844,620
Total noncurrent assets:57,52855,29655,28953,27451,60451,009
TOTAL ASSETS:85,38785,50182,89680,91972,57469,225
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,1985,7904,1362,9692,9042,501
Taxes payable365325134327257
Employee-related liabilities1,3591,211821796901
Accounts payable258340266174156183
Accrued liabilities3,9403,7262,3341,8401,6251,160
Debt  2,2509992,999  
Estimated litigation liability1,7021,456983   
Other undisclosed current liabilities13,45311,3579,6218,54210,5118,804
Total current liabilities:19,35320,85315,73914,51013,41511,305
Noncurrent Liabilities
Long-term debt and lease obligation20,48720,20019,97821,071  
Long-term debt, excluding current maturities20,48720,20019,97821,071  
Liabilities, other than long-term debt8,6238,8679,5909,12810,2465,066
Accounts payable and accrued liabilities     2,5002,400
Deferred income tax liabilities5,4435,3326,1285,2374,807
Other liabilities3,1803,5353,4623,8912,9392,666
Other undisclosed noncurrent liabilities     14,22918,848
Total noncurrent liabilities:29,11029,06729,56830,19924,47523,914
Total liabilities:48,46349,92045,30744,70937,89035,219
Equity
Equity, attributable to parent15,14413,74734,64231,16329,39328,543
Additional paid in capital   18,85516,72116,54116,678
Accumulated other comprehensive income (loss)(1,259)(2,369)436354(650)547
Retained earnings16,40316,11615,35114,08813,50211,318
Other undisclosed equity21,78021,8342,9475,0475,2915,463
Total equity:36,92435,58137,58936,21034,68434,006
TOTAL LIABILITIES AND EQUITY:85,38785,50182,89680,91972,57469,225

Income Statement (P&L) ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Revenues30,18729,31024,10521,84622,97720,609
Cost of revenue(7,508)(7,106)(5,376)(4,931)(5,019)(4,909)
Gross profit:22,67922,20418,72916,91517,95815,700
Operating expenses(3,552)(3,391)(2,925)(2,834)(2,957)(2,746)
Operating income:19,12718,81315,80414,08115,00112,954
Nonoperating income (expense)(911)(677)259(291)(117)(148)
Other nonoperating income (expense)(370)(139)772225416464
Income from continuing operations before income taxes:18,21618,13616,06313,79014,88412,806
Income tax expense(3,039)(3,179)(3,752)(2,924)(2,804)(2,505)
Income from continuing operations:15,17714,95712,31110,86612,08010,301
Income before gain (loss) on sale of properties:10,99814,95712,31110,86612,08010,301
Net income available to common stockholders, diluted:15,17714,95712,31110,86612,08010,301

Comprehensive Income ($ in millions)

9/30/2023
12/31/2022
TTM
9/30/2022
9/30/2021
9/30/2020
9/30/2019
9/30/2018
Net income:15,17714,95712,31110,86612,08010,301
Other comprehensive income (loss)(1,187)(2,805)821,029(1,204)(331)
Comprehensive income, net of tax, attributable to parent:13,99012,15212,39311,89510,8769,970

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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