Visa (V) Net Margin (2009 - 2026)
Visa (V) posted Net Margin of 48.38% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 3.45 percentage points from 51.83% a year earlier and down 5.24 percentage points from the prior quarter.
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Analysis
Visa (V) Net Margin (2009 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Visa was 50.78%, down 1.38 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it was 50.15%, down 4.81 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +0.41 percentage points (FY2020 to FY2025).
- In prior fiscal years, Visa's Net Margin was 54.95% in FY2024 (+2.06 pp), 52.90% in FY2023 (+1.87 pp), 51.03% in FY2022 (-0.04 pp) and 51.07% in FY2021 (+1.33 pp).
- Quarterly Net Margin has run from a low of 46.89% in fiscal Q3 2022 to a high of 56.64% in fiscal Q1 2024 over five years.
- On a year-over-year basis, Net Margin increased in two of the last eight quarters, with an average year-over-year change of -1.97 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was fiscal Q4 2021, with a gain of 12.75 percentage points; the weakest was fiscal Q4 2025, with a drop of 7.83 percentage points.
- According to Business Quant data, Net Margin for the three prior fiscal quarters was 53.62% (Q2 2026), 53.69% (Q1 2026) and 47.46% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 48.38% |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 47.30% |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 41.58% |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 7.57% |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 3.21% |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | -140.78% |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 15.84% |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 18.52% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 48.38% |
| 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% |
API Access
Visa Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=V&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "V", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=V&period=max&api_key=YOUR_API_KEY");
const data = await res.json();