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| Date | Value |
|---|---|
| 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% |