Visa (V) Operating Margin (2009 - 2026)

Visa (V) has 18 years of Operating Margin data on file, last reported at 59.12% in Q2 2026.

• Quarterly Operating Margin fell 161.0% year-over-year to 59.12% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 60.68% (down 153.0% YoY) and the FY2025 annual result came in at 59.98%, down 569.0% from the prior year.
• Operating Margin eased to 59.12% in Q2 2026, from 64.42% in the prior quarter.
• In the past five years, Operating Margin ranged from a high of 68.96% in Q4 2023 to a low of 56.65% in Q1 2025.
• A 5-year average of 63.04% and a median of 64.28% in 2022 frame the typical range for Operating Margin.
• Annual changes were most pronounced in 2022 — Operating Margin tumbled 928 bps — and 2026, when it soared 777 bps.
• Tracing V's Operating Margin over 5 years: stood at 64.14% in 2022, then gained by 8 bps to 68.96% in 2023, then slipped by 5 bps to 65.55% in 2024, then retreated by 6 bps to 61.8% in 2025, then decreased by 4 bps to 59.12% in 2026.
• The last three Operating Margin figures came in at 59.12% (Q2 2026), 64.42% (Q1 2026), and 61.8% (Q4 2025), per Business Quant data.