| Cash Flow | 2025-09-30 | 2024-09-30 | 2023-09-30 | 2022-09-30 |
|---|---|---|---|---|
| Net income | 20,058 | 19,743 | 17,273 | 14,957 |
| Client incentives | 15,751 | 13,764 | 12,297 | 10,295 |
| Share-based compensation | 897 | 850 | 765 | 602 |
| Depreciation and amortization | 1,220 | 1,034 | 943 | 861 |
| Deferred income taxes | 152 | -100 | -483 | -336 |
| Ve territory covered losses | -28 | -139 | -136 | -43 |
| (gains) losses on equity investments, net | -87 | -94 | -104 | -264 |
| Other | -94 | -136 | -14 | 94 |
| Settlement receivable | -374 | 2,175 | 160 | 397 |
| Accounts receivable | 542 | 237 | 250 | 97 |
| Client incentives | 15,314 | 14,067 | 11,014 | 9,351 |
| Other assets | -160 | 199 | 24 | 666 |
| Accounts payable | 67 | 109 | 34 | 67 |
| Settlement payable | -847 | 1,841 | -194 | 1,256 |
| Accrued and other liabilities | -373 | -676 | 1,291 | 1,055 |
| Accrued litigation | 1,303 | -28 | 295 | 476 |
| Net cash provided by (used in) operating activities | 23,059 | 19,950 | 20,755 | 18,849 |
| Purchases of property, equipment and technology | 1,482 | 1,257 | 1,059 | 970 |
| Purchases of investment securities | 0 | 4,443 | 4,363 | 5,997 |
| Proceeds from maturities and sales of investment securities | 3,024 | 5,013 | 3,160 | 4,585 |
| Acquisitions, net of cash and restricted cash acquired | 887 | 915 | 0 | 1,948 |
| Purchases of other investments | 68 | 231 | 121 | 86 |
| Proceeds from settlement of derivative instruments | 0 | 0 | -402 | - |
| Other investing activities | -121 | 93 | 25 | -128 |
| Net cash provided by (used in) investing activities | 708 | -1,926 | -2,006 | -4,288 |
| Repurchases of class a common stock | 18,316 | 16,713 | 12,101 | 11,589 |
| Repayments of debt | 0 | 0 | 2,250 | 1,000 |
| Dividends paid | 4,634 | 4,217 | 3,751 | 3,203 |
| Proceeds from issuance of senior notes | 3,924 | 0 | 0 | 3,218 |
| Proceeds from stock issued under equity plans | 396 | 335 | 260 | 196 |
| Taxes paid related to stock issued under equity plans | 281 | 208 | 130 | 120 |
| Payments to settle derivative instruments | - | - | - | 0 |
| Other financing activities | -52 | 170 | 200 | -198 |
| Net cash provided by (used in) financing activities | -18,963 | -20,633 | -17,772 | -12,696 |
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | 420 | 382 | 636 | -1,287 |
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | 5,224 | -2,227 | 1,613 | 578 |
| Cash and cash equivalents at beginning of period | 19,763 | 21,990 | 20,377 | 19,799 |
| Cash and cash equivalents at end of period | 24,987 | 19,763 | 21,990 | 20,377 |
VISA INC. (V)
VISA INC. (V)