V Visa margins

Relative Growth: Rel. Growth:

Relative Strength: Rel. Strength:

Relative Valuation: Rel. Valuation:

Relative Profitability: Rel. Profitability: 98

Gross margin

82.7%

Operating margin

61.2%

EBITDA margin

65.9%

Net margin

51.2%

Based on the latest figures, Visa reports a gross margin of 82.7%, an operating margin of 61.2%, an EBITDA margin of 65.9%, and a net margin of 51.2%. Each available margin advanced from the same period last year. Operating margin recorded the strongest gain, gaining by 1.2 percentage points.

V margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Visa recorded average margins of 82.56% gross, 62.81% operating, 67.98% EBITDA, and 52.58% net. Relative to the three-year averages, gross margin is above its three-year average and operating, EBITDA, and net margins are below their three-year averages.

V margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.1 percentage points, operating margin by 1.2 percentage points, EBITDA margin by 0.9 percentage points, and net margin by 1.1 percentage points, led by operating margin with an increase of 1.2 percentage points.

Gross margin expansion

0.1pp

Operating margin expansion

1.2pp

EBITDA margin expansion

0.9pp

Net margin expansion

1.1pp

V Gross margin

The average gross margin for Visa was 82.56% during the last 3 years. Visa currently reports a gross margin of 82.7%, 0.1 percentage points above its three-year average. The gross margin for Visa moved between 82.1% in Dec 2023 and 83.5% in Mar 2026.

V Operating margin

The average operating margin for Visa was 62.81% over the last 3 years. Visa's current operating margin is 61.2% and is 1.6 percentage points below its three-year average. The operating margin for Visa moved between 59.2% in Dec 2025 and 65.7% in Sep 2024.

V EBITDA margin

Visa recorded an average EBITDA margin of 67.98% across the last 3 years. As of the latest period, Visa's current EBITDA margin is 65.9%, which is 2.1 percentage points below its three-year average. The EBITDA margin for Visa moved between 64.2% in Dec 2025 and 71.2% in Sep 2024.

V Net margin

The average net margin for Visa was 52.58% across the past 3 years. Right now, the current net margin for Visa is 51.2%, 1.4 percentage points below its three-year average. The net margin for Visa moved between 50.1% in Sep 2025 and 55% in Sep 2024.

V margin group comparison

Margins compared with peer-group, industry and sector averages

Visa's gross margin of 82.7% is above the industry and its peers average but below the Financial Services sector average. But compared to its Financial Services sector average of 83.5%, Visa's gross margin is only 1% lower.

V margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Visa's gross margin?

As of Sep 30, 2026, V has a gross margin of 82.7%.

What is Visa's operating margin?

The current operating margin for V is 61.2% as of Sep 30, 2026.

What is Visa's EBITDA margin?

The current EBITDA margin for V is 65.9% as of Sep 30, 2026.

What is Visa's net margin?

For the period ending Sep 30, 2026, V recorded a net margin of 51.2%.

What are the average margins of V?

Visa's average margins over the last 3 years were 82.6% gross, 62.8% operating, 68.0% EBITDA, and 52.6% net.

What are the highest historical margins of V?

Across the 5-year period, V posted its highest margins at 83.5% gross in Mar 2026, 66.7% operating in Mar 2022, 72.7% EBITDA in Dec 2021, and 55% net in Sep 2024.

What are the lowest historical margins of V?

In the last 5 years, the lowest margins reported by V were 82.1% gross in Jun 2023, 59.2% operating in Dec 2025, 64.2% EBITDA in Dec 2025, and 50.1% net in Sep 2025.