Visa annual free cash flow
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2025
Visa Free Cash Flow (FCF) History (V)
Visa reported $21.58B in free cash flow for fiscal 2025, an increase of 15.43% from the previous fiscal year, with a free cash flow margin of 53.94%.
View full Visa company overviewVisa free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-09-30 | $21.58B | $2.88B | +15.43% | +53.94% |
| 2024 | 2024-09-30 | $18.69B | −$1.00B | −5.09% | +52.03% |
| 2023 | 2023-09-30 | $19.70B | $1.82B | +10.16% | +60.32% |
| 2022 | 2022-09-30 | $17.88B | $3.36B | +23.12% | +61.00% |
| 2021 | 2021-09-30 | $14.52B | $4.82B | +49.65% | +60.24% |
| 2020 | 2020-09-30 | $9.70B | −$2.32B | −19.32% | +44.42% |
| 2019 | 2019-09-30 | $12.03B | −$195.0M | −1.60% | +52.35% |
| 2018 | 2018-09-30 | $12.22B | $3.61B | +41.96% | +59.31% |
| 2017 | 2017-09-30 | $8.61B | $3.56B | +70.46% | +46.90% |
| 2016 | 2016-09-30 | $5.05B | −$1.12B | −18.14% | +33.49% |
| 2015 | 2015-09-30 | $6.17B | −$482.0M | −7.25% | +44.45% |
| 2014 | 2014-09-30 | $6.65B | $4.10B | +160.76% | +52.37% |
| 2013 | 2013-09-30 | $2.55B | −$2.08B | −44.94% | +21.66% |
| 2012 | 2012-09-30 | $4.63B | $1.11B | +31.66% | +44.46% |
| 2011 | 2011-09-30 | $3.52B | $1.07B | +43.63% | +38.30% |
| 2010 | 2010-09-30 | $2.45B | $2.20B | +872.22% | +30.38% |
| 2009 | 2009-09-30 | $252.0M | $136.0M | +117.24% | +3.65% |
| 2008 | 2008-09-30 | $116.0M | −$229.0M | −66.38% | +1.85% |
| 2007 | 2007-09-30 | $345.0M | — | — | +9.61% |
Visa quarterly free cash flow
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| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $6.14B | −$172.0M | −2.73% | +52.76% |
| Q2 2026 | 2026-03-31 | $2.63B | −$1.74B | −39.90% | +23.37% |
| Q1 2026 | 2025-12-31 | $6.40B | $1.35B | +26.75% | +58.73% |
| Q4 2025 | 2025-09-30 | $5.85B | −$506.0M | −7.96% | +54.54% |
| Q3 2025 | 2025-06-30 | $6.31B | $1.57B | +33.27% | +62.02% |
| Q2 2025 | 2025-03-31 | $4.37B | $111.0M | +2.61% | +45.53% |
| Q1 2025 | 2024-12-31 | $5.05B | $1.70B | +50.91% | +53.11% |
| Q4 2024 | 2024-09-30 | $6.36B | −$267.0M | −4.03% | +66.08% |
| Q3 2024 | 2024-06-30 | $4.73B | −$768.0M | −13.96% | +53.19% |
| Q2 2024 | 2024-03-31 | $4.26B | $607.0M | +16.63% | +48.51% |
| Q1 2024 | 2023-12-31 | $3.35B | −$575.0M | −14.66% | +38.77% |
| Q4 2023 | 2023-09-30 | $6.62B | $1.04B | +18.65% | +76.92% |
| Q3 2023 | 2023-06-30 | $5.50B | $485.0M | +9.67% | +67.73% |
| Q2 2023 | 2023-03-31 | $3.65B | $428.0M | +13.28% | +45.71% |
| Q1 2023 | 2022-12-31 | $3.92B | −$137.0M | −3.38% | +49.42% |
| Q4 2022 | 2022-09-30 | $5.58B | $1.82B | +48.31% | +71.67% |
| Q3 2022 | 2022-06-30 | $5.02B | $782.0M | +18.47% | +68.96% |
| Q2 2022 | 2022-03-31 | $3.22B | $51.0M | +1.61% | +44.82% |
| Q1 2022 | 2021-12-31 | $4.06B | $706.0M | +21.06% | +57.50% |
| Q4 2021 | 2021-09-30 | $3.76B | $1.83B | +95.18% | +57.37% |
| Q3 2021 | 2021-06-30 | $4.24B | $1.39B | +49.07% | +69.09% |
| Q2 2021 | 2021-03-31 | $3.17B | $1.92B | +153.48% | +55.35% |
| Q1 2021 | 2020-12-31 | $3.35B | −$331.0M | −8.98% | +58.96% |
| Q4 2020 | 2020-09-30 | $1.93B | −$1.86B | −49.17% | +37.80% |
| Q3 2020 | 2020-06-30 | $2.84B | −$349.0M | −10.94% | +58.73% |
| Q2 2020 | 2020-03-31 | $1.25B | −$657.0M | −34.43% | +21.37% |
| Q1 2020 | 2019-12-31 | $3.68B | $547.0M | +17.44% | +60.85% |
| Q4 2019 | 2019-09-30 | $3.79B | $512.0M | +15.60% | +61.81% |
| Q3 2019 | 2019-06-30 | $3.19B | −$377.0M | −10.57% | +54.62% |
| Q2 2019 | 2019-03-31 | $1.91B | −$795.0M | −29.41% | +34.73% |
| Q1 2019 | 2018-12-31 | $3.14B | $465.0M | +17.40% | +56.97% |
| Q4 2018 | 2018-09-30 | $3.28B | $600.0M | +22.38% | +60.38% |
| Q3 2018 | 2018-06-30 | $3.57B | $225.0M | +6.73% | +68.07% |
| Q2 2018 | 2018-03-31 | $2.70B | $2.45B | +981.20% | +53.28% |
| Q1 2018 | 2017-12-31 | $2.67B | $335.0M | +14.33% | +54.96% |
| Q4 2017 | 2017-09-30 | $2.68B | $370.0M | +16.01% | +55.22% |
| Q3 2017 | 2017-06-30 | $3.34B | $3.17B | +1854.39% | +73.21% |
| Q2 2017 | 2017-03-31 | $250.0M | −$466.0M | −65.08% | +5.58% |
| Q1 2017 | 2016-12-31 | $2.34B | $484.0M | +26.12% | +52.39% |
| Q4 2016 | 2016-09-30 | $2.31B | $715.0M | +44.80% | +54.24% |
| Q3 2016 | 2016-06-30 | $171.0M | −$1.87B | −91.61% | +4.71% |
| Q2 2016 | 2016-03-31 | $716.0M | −$164.0M | −18.64% | +19.75% |
| Q1 2016 | 2015-12-31 | $1.85B | $196.0M | +11.83% | +51.98% |
| Q4 2015 | 2015-09-30 | $1.60B | $30.0M | +1.92% | +44.69% |
| Q3 2015 | 2015-06-30 | $2.04B | $204.0M | +11.13% | +57.90% |
| Q2 2015 | 2015-03-31 | $880.0M | −$952.0M | −51.97% | +25.81% |
| Q1 2015 | 2014-12-31 | $1.66B | $236.0M | +16.61% | +48.99% |
| Q4 2014 | 2014-09-30 | $1.57B | −$341.0M | −17.88% | +48.50% |
| Q3 2014 | 2014-06-30 | $1.83B | −$202.0M | −9.93% | +58.10% |
| Q2 2014 | 2014-03-31 | $1.83B | $299.0M | +19.50% | +57.92% |
| Q1 2014 | 2013-12-31 | $1.42B | $4.34B | — | +45.04% |
| Q4 2013 | 2013-09-30 | $1.91B | $644.0M | +50.99% | +64.14% |
| Q3 2013 | 2013-06-30 | $2.04B | $886.0M | +77.11% | +67.81% |
| Q2 2013 | 2013-03-31 | $1.53B | $497.0M | +47.97% | +51.83% |
| Q1 2013 | 2012-12-31 | −$2.92B | −$4.11B | — | −102.74% |
| Q4 2012 | 2012-09-30 | $1.26B | $512.0M | +68.18% | +46.25% |
| Q3 2012 | 2012-06-30 | $1.15B | −$157.0M | −12.02% | +44.80% |
| Q2 2012 | 2012-03-31 | $1.04B | $505.0M | +95.10% | +40.19% |
| Q1 2012 | 2011-12-31 | $1.19B | $254.0M | +27.28% | +46.53% |
| Q4 2011 | 2011-09-30 | $751.0M | −$45.0M | −5.65% | +31.51% |
| Q3 2011 | 2011-06-30 | $1.31B | $153.0M | +13.27% | +56.24% |
| Q2 2011 | 2011-03-31 | $531.0M | −$36.0M | −6.35% | +23.65% |
| Q1 2011 | 2010-12-31 | $931.0M | $997.0M | — | +41.60% |
| Q4 2010 | 2010-09-30 | $796.0M | $1.11B | — | +37.60% |
| Q3 2010 | 2010-06-30 | $1.15B | $873.0M | +311.79% | +56.83% |
| Q2 2010 | 2010-03-31 | $567.0M | $402.0M | +243.64% | +28.94% |
| Q1 2010 | 2009-12-31 | −$66.0M | −$183.0M | — | −3.37% |
| Q4 2009 | 2009-09-30 | −$310.0M | — | — | −16.50% |
| Q3 2009 | 2009-06-30 | $280.0M | — | — | +17.01% |
| Q2 2009 | 2009-03-31 | $165.0M | — | — | +10.02% |
| Q1 2009 | 2008-12-31 | $117.0M | — | — | +6.73% |
Visa free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from $9.70B to $21.58B, a compound annual growth rate of 17.33%. Visa's latest reported quarter, Q3 2026, generated $6.14B in free cash flow, a decrease of 2.73% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Visa source filings ↗