Visa Inc.

NYSE-V

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Sep '14	Sep '15	Sep '16	Sep '17	Sep '18	Sep '19	Sep '20	Sep '21	Sep '22	Sep '23	LTM
Operating Revenues						22,977	21,846	24,105	29,310	32,653	34,918
Other Revenues, Total				—	—	—	—	—	—	—	—
Total Revenues						22,977	21,846	24,105	29,310	32,653	34,918
Total Revenues % Chg.						11.5%	-4.9%	10.3%	21.6%	11.4%	9.7%
Cost of Goods Sold, Total						721	727	730	743	736	767
Gross Profit						22,256	21,119	23,375	28,567	31,917	34,151
Selling General & Admin Expenses, Total						6,162	6,227	6,612	7,965	9,047	9,885
Depreciation & Amortization						656	767	804	861	943	1,007
Other Operating Expenses	—	—	—	—	—	—	—	152	—	—	-118
Other Operating Expenses, Total						6,818	6,994	7,568	8,826	9,990	10,774
Operating Income						15,438	14,125	15,807	19,741	21,927	23,377
Interest Expense, Total						-533	-516	-513	-538	-644	-648
Interest And Investment Income						247	80	—	69	745	1,033
Net Interest Expenses						-286	-436	-513	-469	101	385
Other Non Operating Income (Expenses)	—			—		-4	-8	25	88	18	18
EBT, Excl. Unusual Items						15,148	13,681	15,319	19,360	22,046	23,780
Merger & Related Restructuring Charges	—	—		—	—	—	—	—	—	—	—
Gain (Loss) On Sale Of Investments						136	120	747	-296	-82	-19
Legal Settlements						-400	-11	-3	-868	-927	-581
Other Unusual Items	—	—			—	—	—	—	-60	—	—
EBT, Incl. Unusual Items						14,884	13,790	16,063	18,136	21,037	23,180
Income Tax Expense						2,804	2,924	3,752	3,179	3,764	4,074
Earnings From Continuing Operations						12,080	10,866	12,311	14,957	17,273	19,106
Net Income						12,080	10,866	12,311	14,957	17,273	19,106
Preferred Dividend and Other Adjustments						430	391	303	327	284	288
Net Income to Common Incl Extra Items						11,650	10,475	12,008	14,630	16,989	18,818
Net Income to Common Excl. Extra Items						11,650	10,475	12,008	14,630	16,989	18,818
Total Shares Outstanding						2,007	1,972	1,962	1,920	1,879	1,909.7
Weighted Avg. Shares Outstanding						2,187.6	2,134.4	2,120.6	2,080.6	2,047.6	2,001.5
Weighted Avg. Shares Outstanding Dil						2,272	2,223	2,188	2,136	2,085	2,044.5
EPS						5.3	4.9	5.7	7	8.3	9.4
EPS Diluted						5.3	4.9	5.6	7	8.3	9.3
EBITDA						16,094	14,892	16,611	20,602	22,870	24,384
Effective Tax Rate						18.8%	21.2%	23.4%	17.5%	17.9%	17.6%