Visa (V) Net Margin (2009 - 2026)

Visa posted quarterly Net Margin of 53.62% for Q1 2026, up 591.0% year-on-year from 7.76% in Q1 2025, and little changed on a QoQ basis from 53.69% in Q4 2025.

Visa (V) Net Margin (2009 - 2026) Analysis & Trends

Visa (V) has 18 years of Net Margin data on file, last reported at 53.62% in Q1 2026.

  • For the quarter ending Q1 2026, Net Margin rose 591.0% year-over-year to 53.62%; the trailing twelve-month figure through Mar 2026 stood at 51.68% (down 118.0% YoY), and the FY2025 full-year result was 50.14%, down 481.0% from the prior year.
  • Net Margin for Q1 2026 stood at 53.62%, roughly flat from 53.69% in the prior quarter.
  • Across five years, Net Margin topped out at 56.64% in Q4 2023 and bottomed at 46.89% in Q2 2022.
  • The 5-year median for Net Margin is 53.14% (2024), against an average of 52.22%.
  • The widest annual swing landed in 2025, when Net Margin plunged 783 bps; it then jumped 591 bps in 2026.
  • A 5-year view of Net Margin shows it stood at 52.66% in 2022, then gained by 8 bps to 56.64% in 2023, then retreated by 5 bps to 53.83% in 2024, then decreased by 0 bps to 53.69% in 2025, then dropped by 0 bps to 53.62% in 2026.
  • The last three Net Margin figures came in at 53.62% (Q1 2026), 53.69% (Q4 2025), and 47.46% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Visa 539.53 Bn 527.13 Bn - 53.62%
2 Mastercard 441.81 Bn 431.60 Bn - 46.23%
3 American Express 215.01 Bn 160.96 Bn 17.43 Bn 15.71%
4 Capital One Financial 114.99 Bn 38.50 Bn - 13.66%
5 PayPal Holdings 41.29 Bn 31.95 Bn 7.84 Bn 13.32%
6 Affirm Holdings 24.62 Bn 22.89 Bn 261.64 Mn 30.76%
7 Synchrony Financial 24.22 Bn 3.66 Bn - 16.44%
8 SoFi Technologies 23.71 Bn 20.31 Bn 929.25 Mn 15.15%
9 Ally Financial 13.13 Bn 12.69 Bn 1.98 Bn 13.84%
10 Credit Acceptance 6.46 Bn 6.44 Bn 562.70 Mn 21.04%

Historic Data

Download Data
DateValue
Mar 31, 2026 53.62%
Dec 31, 2025 53.69%
Sep 30, 2025 47.46%
Jun 30, 2025 51.83%
Mar 31, 2025 47.71%
Dec 31, 2024 53.83%
Sep 30, 2024 55.30%
Jun 30, 2024 54.74%
Mar 31, 2024 53.14%
Dec 31, 2023 56.64%
Sep 30, 2023 54.37%
Jun 30, 2023 51.16%
Mar 31, 2023 53.31%
Dec 31, 2022 52.66%
Sep 30, 2022 50.60%
Jun 30, 2022 46.89%
Mar 31, 2022 50.73%
Dec 31, 2021 56.08%
Sep 30, 2021 54.64%
Jun 30, 2021 42.01%