Short answer
Visa Inc (V) filed its Q4 2025 10-Q quarterly report on Jan 30, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $10.9B (up 14.6% year over year) with net income of $5.9B.
Q4 2025 key financials · XBRL
- Revenue
- $10.9B
- +14.6% YoY
- Net income
- $5.9B
- +14.3% YoY
- Operating margin
- 61.8%
Source: XBRL data from the Visa Inc (V) Q4 2025 10-Q on SEC EDGAR. USD.
Visa Inc Q4 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $10.9B, up 15% YoY from $9.51B, driven by nominal cross-border volume, processed transactions, and nominal payments volume
- Operating expenses $4.16B, up 27% YoY from $3.28B; GAAP operating margin approx. 61.9% vs 66.1% YoY (calculated) due to higher litigation provision
- Best segment: International net revenue $6.74B, up 17% YoY from $5.77B; worst affected: litigation provision $707M accrual this quarter versus lower prior period
- Operating cash flow $6.78B, up from $5.40B; repurchased 11M shares for $3.8B; senior notes $4B repaid at maturity; $500M deposited into litigation escrow
- Outlook notes continued focus on acquisitions and long-term growth; FY 2026 taxes impacted by $333M deferred tax benefit; potential impacts from new accounting standards under evaluation
Risk Factors
- No new or materially updated risk factors disclosed this quarter vs 10-K
- Regulatory risk centered on ongoing compliance with financial services laws remains a key focus
- Operational risk includes dependency on global payment network infrastructure uptime and security
- Market risk related to global economic conditions impacting payment volumes persists unchanged
- Financial risk from foreign currency fluctuations and potential concentration in certain regions continues
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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