KPIs & Operating Metrics(New)
Growth Metrics

Visa (V) Operating Margin (2016 - 2025)

Visa (V) has disclosed Operating Margin for 17 consecutive years, with 61.8% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin fell 375.0% year-over-year to 61.8%, compared with a TTM value of 59.18% through Dec 2025, down 569.0%, and an annual FY2025 reading of 59.98%, down 569.0% over the prior year.
  • Operating Margin was 61.8% for Q4 2025 at Visa, up from 57.33% in the prior quarter.
  • Across five years, Operating Margin topped out at 68.96% in Q4 2023 and bottomed at 56.65% in Q1 2025.
  • Average Operating Margin over 5 years is 63.67%, with a median of 64.9% recorded in 2023.
  • The sharpest move saw Operating Margin plummeted -928bps in 2022, then soared 487bps in 2024.
  • Year by year, Operating Margin stood at 67.66% in 2021, then decreased by -5bps to 64.14% in 2022, then rose by 8bps to 68.96% in 2023, then decreased by -5bps to 65.55% in 2024, then fell by -6bps to 61.8% in 2025.
  • Business Quant data shows Operating Margin for V at 61.8% in Q4 2025, 57.33% in Q3 2025, and 60.73% in Q2 2025.