Visa (V) Operating Margin (2009 - 2026)
Visa (V) reported Operating Margin of 59.12% for fiscal Q3 2026 (quarter ended Jun 30, 2026), down 1.61 percentage points from 60.73% a year earlier and down 5.30 percentage points from the prior quarter.
Visa (V) Operating Margin (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Visa's Operating Margin came in at 60.68%, down 1.53 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 59.99%, down 5.69 percentage points from FY2024.
- Operating Margin has a five-year change of -4.47 percentage points (FY2020 to FY2025).
- By fiscal year, Operating Margin came in at 65.68% in FY2024 (+1.36 pp), 64.31% in FY2023 (+0.13 pp), 64.19% in FY2022 (-1.38 pp) and 65.56% in FY2021 (+1.11 pp).
- Five-year quarterly Operating Margin spans a low of 56.65% in fiscal Q2 2025 and a high of 68.96% in fiscal Q1 2024.
- Year over year, Operating Margin gained in two of the last eight quarters, with an average year-over-year change of -2.31 percentage points.
- The high point for year-over-year Operating Margin in five years was fiscal Q2 2026 (a gain of 7.77 percentage points); the low point was fiscal Q3 2022 (a drop of 9.28 percentage points).
- Per Business Quant data, the three fiscal quarters before Q3 2026 came in at 64.42% (Q2 2026), 61.80% (Q1 2026) and 57.33% (Q4 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 59.12% |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 60.22% |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 13.47% |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 13.04% |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 6.67% |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | -46.55% |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | - |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 59.12% |
| Mar 31, 2026 | 64.42% |
| Dec 31, 2025 | 61.80% |
| Sep 30, 2025 | 57.33% |
| Jun 30, 2025 | 60.73% |
| Mar 31, 2025 | 56.65% |
| Dec 31, 2024 | 65.55% |
| Sep 30, 2024 | 66.02% |
| Jun 30, 2024 | 66.72% |
| Mar 31, 2024 | 61.01% |
| Dec 31, 2023 | 68.96% |
| Sep 30, 2023 | 64.47% |
| Jun 30, 2023 | 61.85% |
| Mar 31, 2023 | 66.83% |
| Dec 31, 2022 | 64.14% |
| Sep 30, 2022 | 65.33% |
| Jun 30, 2022 | 57.02% |
| Mar 31, 2022 | 66.80% |
| Dec 31, 2021 | 67.66% |
| Sep 30, 2021 | 65.79% |
Visa Operating 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=operating-margin&ticker=V&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-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=operating-margin&ticker=V&period=max&api_key=YOUR_API_KEY");
const data = await res.json();