Income Statement
Quarterly Data

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 (quarterly data)

US$ in millions

3 months ended:	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016
Net revenues	7,985)	7,936)	7,787)	7,275)	7,189)	7,059)	6,559)	6,130)	5,729)	5,687)	5,101)	4,837)	5,854)	6,054)	6,137)	5,840)	5,494)	5,506)	5,434)	5,240)	5,073)	4,862)	4,855)	4,565)	4,477)	4,461)
Personnel	(1,515)	(1,337)	(1,356)	(1,283)	(1,226)	(1,125)	(1,047)	(1,098)	(1,114)	(981)	(922)	(941)	(940)	(982)	(871)	(872)	(894)	(807)	(815)	(852)	(824)	(679)	(655)	(698)	(704)	(571)
Marketing	(309)	(332)	(429)	(313)	(314)	(280)	(457)	(268)	(206)	(205)	(288)	(174)	(235)	(274)	(306)	(282)	(241)	(276)	(264)	(240)	(261)	(223)	(290)	(221)	(193)	(218)
Network and processing	(179)	(178)	(185)	(178)	(190)	(190)	(192)	(186)	(179)	(173)	(191)	(172)	(183)	(181)	(193)	(184)	(171)	(173)	(188)	(169)	(169)	(160)	(167)	(158)	(150)	(145)
Professional fees	(130)	(109)	(163)	(117)	(125)	(100)	(130)	(108)	(82)	(83)	(104)	(95)	(103)	(106)	(149)	(113)	(101)	(91)	(134)	(112)	(108)	(92)	(144)	(102)	(83)	(80)
Depreciation and amortization	(234)	(227)	(226)	(230)	(207)	(198)	(202)	(204)	(201)	(197)	(196)	(197)	(192)	(182)	(172)	(165)	(160)	(159)	(163)	(152)	(153)	(145)	(147)	(132)	(131)	(146)
General and administrative	(282)	(322)	(338)	(289)	(325)	(242)	(215)	(204)	(363)	(203)	(256)	(258)	(269)	(313)	(341)	(315)	(264)	(276)	(457)	(230)	(222)	(236)	(238)	(230)	(406)	(186)
Litigation provision	—)	(341)	(3)	(717)	—)	(148)	(1)	2)	(3)	(1)	(2)	(1)	(8)	—)	(370)	(1)	(22)	(7)	(7)	(600)	—)	—)	(2)	—)	(2)	(15)
Operating expenses	(2,649)	(2,846)	(2,700)	(3,127)	(2,387)	(2,283)	(2,244)	(2,066)	(2,148)	(1,843)	(1,959)	(1,838)	(1,930)	(2,038)	(2,402)	(1,932)	(1,853)	(1,789)	(2,028)	(2,355)	(1,737)	(1,535)	(1,643)	(1,541)	(1,669)	(1,361)
Operating income	5,336)	5,090)	5,087)	4,148)	4,802)	4,776)	4,315)	4,064)	3,581)	3,844)	3,142)	2,999)	3,924)	4,016)	3,735)	3,908)	3,641)	3,717)	3,406)	2,885)	3,336)	3,327)	3,212)	3,024)	2,808)	3,100)
Interest expense	(142)	(137)	(159)	(111)	(134)	(134)	(125)	(131)	(121)	(136)	(145)	(142)	(118)	(111)	(120)	(128)	(140)	(145)	(150)	(155)	(153)	(154)	(148)	(140)	(135)	(140)
Investment income (expense) and other	84)	24)	(60)	(208)	(126)	255)	108)	456)	168)	40)	58)	75)	23)	69)	96)	86)	176)	58)	282)	82)	34)	66)	35)	30)	29)	19)
Non-operating income (expense)	(58)	(113)	(219)	(319)	(260)	121)	(17)	325)	47)	(96)	(87)	(67)	(95)	(42)	(24)	(42)	36)	(87)	132)	(73)	(119)	(88)	(113)	(110)	(106)	(121)
Income before income taxes	5,278)	4,977)	4,868)	3,829)	4,542)	4,897)	4,298)	4,389)	3,628)	3,748)	3,055)	2,932)	3,829)	3,974)	3,711)	3,866)	3,677)	3,630)	3,538)	2,812)	3,217)	3,239)	3,099)	2,914)	2,702)	2,979)
Income tax provision	(1,021)	(798)	(928)	(418)	(895)	(938)	(714)	(1,814)	(602)	(622)	(918)	(559)	(745)	(702)	(686)	(765)	(700)	(653)	(693)	(483)	(612)	(717)	(959)	(855)	(2,272)	(909)
Net income	4,257)	4,179)	3,940)	3,411)	3,647)	3,959)	3,584)	2,575)	3,026)	3,126)	2,137)	2,373)	3,084)	3,272)	3,025)	3,101)	2,977)	2,977)	2,845)	2,329)	2,605)	2,522)	2,140)	2,059)	430)	2,070)

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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 Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Visa Inc. operating income increased from Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
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 Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.
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 Q4 2022 to Q1 2023 and from Q1 2023 to Q2 2023.

Visa Inc. (NYSE:V)

Income StatementQuarterly Data

Income Statement
Quarterly Data