Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Visa Inc., consolidated income statement

US$ in millions

12 months ended:	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Net revenues	29,310)	24,105)	21,846)	22,977)	20,609)	18,358)
Personnel	(4,990)	(4,240)	(3,785)	(3,444)	(3,170)	(2,628)
Marketing	(1,336)	(1,136)	(971)	(1,105)	(988)	(922)
Network and processing	(743)	(730)	(727)	(721)	(686)	(620)
Professional fees	(505)	(403)	(408)	(454)	(446)	(409)
Depreciation and amortization	(861)	(804)	(767)	(656)	(613)	(556)
General and administrative	(1,194)	(985)	(1,096)	(1,196)	(1,145)	(1,060)
Litigation provision	(868)	(3)	(11)	(400)	(607)	(19)
Operating expenses	(10,497)	(8,301)	(7,765)	(7,976)	(7,655)	(6,214)
Operating income	18,813)	15,804)	14,081)	15,001)	12,954)	12,144)
Interest expense	(538)	(513)	(516)	(533)	(612)	(563)
Investment income (expense)	(227)	731)	200)	383)	470)	105)
Other	88)	41)	25)	33)	(6)	8)
Investment income (expense) and other	(139)	772)	225)	416)	464)	113)
Non-operating income (expense)	(677)	259)	(291)	(117)	(148)	(450)
Income before income taxes	18,136)	16,063)	13,790)	14,884)	12,806)	11,694)
Income tax provision	(3,179)	(3,752)	(2,924)	(2,804)	(2,505)	(4,995)
Net income	14,957)	12,311)	10,866)	12,080)	10,301)	6,699)

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

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Income statement item	Description	The company
Net revenues	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Visa Inc. net revenues increased from 2020 to 2021 and from 2021 to 2022.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Visa Inc. operating income increased from 2020 to 2021 and from 2021 to 2022.
Income before income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Visa Inc. income before income taxes increased from 2020 to 2021 and from 2021 to 2022.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Visa Inc. net income increased from 2020 to 2021 and from 2021 to 2022.

Visa Inc. (NYSE:V)

Income Statement