Visa (V) Net Margin (2009 - 2026)
Visa (V) reported Net Margin of 53.62% for Q1 2026, up 591.0% on a YoY basis from 7.76% in Q1 2025, and little changed quarter-over-quarter from 53.69% in Q4 2025.
Visa (V) Net Margin (2009 - 2026) Analysis & Trends
Visa has reported Net Margin for 18 years, with the latest figure 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.
- The five-year high for Net Margin was 56.64% in Q4 2023, with the low at 46.89% in Q2 2022.
- Historically, Net Margin has averaged 52.22% across 5 years, with a median of 53.14% in 2024.
- Annual changes were most pronounced in 2025 — Net Margin slumped 783 bps — and 2026, when it jumped 591 bps.
- Visa's Net Margin stood at 52.66% in 2022, then rose by 8 bps to 56.64% in 2023, then fell by 5 bps to 53.83% in 2024, then retreated by 0 bps to 53.69% in 2025, then slipped 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 548.22 Bn | 535.81 Bn | - | 53.62% |
| 2 | Mastercard | 437.48 Bn | 427.27 Bn | - | 46.23% |
| 3 | American Express | 231.87 Bn | 177.83 Bn | 17.43 Bn | 15.71% |
| 4 | Capital One Financial | 125.74 Bn | 49.24 Bn | - | 13.66% |
| 5 | PayPal Holdings | 38.80 Bn | 29.46 Bn | 7.84 Bn | 13.32% |
| 6 | Synchrony Financial | 25.78 Bn | 5.22 Bn | - | 16.44% |
| 7 | Affirm Holdings | 24.65 Bn | 22.93 Bn | 261.64 Mn | 30.76% |
| 8 | SoFi Technologies | 22.89 Bn | 19.49 Bn | 929.25 Mn | 15.15% |
| 9 | Ally Financial | 14.15 Bn | 13.70 Bn | 1.98 Bn | 13.84% |
| 10 | Credit Acceptance | 6.63 Bn | 6.61 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% |