Operating Profit Margin
since 2008
Calculation
Visa Inc., operating profit margin, long-term trends, calculation
| Operating profit margin | = | 100 | × | Operating income1 | ÷ | Net revenues1 | |
|---|---|---|---|---|---|---|---|
| Sep 30, 2022 | 64.19% | = | 100 | × | 18,813) | ÷ | 29,310) |
| Sep 30, 2021 | 65.56% | = | 100 | × | 15,804) | ÷ | 24,105) |
| Sep 30, 2020 | 64.46% | = | 100 | × | 14,081) | ÷ | 21,846) |
| Sep 30, 2019 | 65.29% | = | 100 | × | 15,001) | ÷ | 22,977) |
| Sep 30, 2018 | 62.86% | = | 100 | × | 12,954) | ÷ | 20,609) |
| Sep 30, 2017 | 66.15% | = | 100 | × | 12,144) | ÷ | 18,358) |
| Sep 30, 2016 | 52.27% | = | 100 | × | 7,883) | ÷ | 15,082) |
| Sep 30, 2015 | 65.30% | = | 100 | × | 9,064) | ÷ | 13,880) |
| Sep 30, 2014 | 60.60% | = | 100 | × | 7,697) | ÷ | 12,702) |
| Sep 30, 2013 | 61.46% | = | 100 | × | 7,239) | ÷ | 11,778) |
| Sep 30, 2012 | 20.53% | = | 100 | × | 2,139) | ÷ | 10,421) |
| Sep 30, 2011 | 59.38% | = | 100 | × | 5,456) | ÷ | 9,188) |
| Sep 30, 2010 | 56.90% | = | 100 | × | 4,589) | ÷ | 8,065) |
| Sep 30, 2009 | 51.19% | = | 100 | × | 3,538) | ÷ | 6,911) |
| Sep 30, 2008 | 19.67% | = | 100 | × | 1,232) | ÷ | 6,263) |
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), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).
1 US$ in millions
Over the examined period, the operating income shows a generally upward trajectory with some fluctuations. Starting at 1,232 million USD in 2008, it experienced a significant rise to 5,456 million USD by 2011, followed by a sharp decline in 2012 to 2,139 million USD. From 2013 onwards, the operating income mostly increased, reaching a peak of 18,813 million USD in 2022. This pattern indicates periods of volatility but an overall growth in operating profitability over the long term.
Net revenues display a consistent growth trend throughout the entire period. Beginning at 6,263 million USD in 2008, revenues steadily climbed year over year to reach 29,310 million USD in 2022. This consistent increase suggests expanding business operations and a strengthening revenue base.
The operating profit margin exhibits considerable variability at the start of the period but stabilizes at a relatively high level from 2013 onward. Initially, the margin fluctuated widely, with a low of 19.67% in 2008 and spikes above 50% in the years following, except for a marked dip to 20.53% in 2012. From 2013, the margin consistently remained above 60%, peaking at 66.15% in 2017 and slightly decreasing to 64.19% by 2022. This pattern indicates improved operating efficiency and profitability margins over time, with some year-to-year variations.
- Operating Income
- Generally increased despite fluctuations, with a notable dip in 2012 and a peak in 2022.
- Net Revenues
- Displayed steady and sustained growth year over year.
- Operating Profit Margin
- Initially volatile but stabilized at high levels post-2013, reflecting enhanced operational profitability.
Comparison to Competitors
Visa Inc., operating profit margin, long-term trends, comparison to competitors
| Visa Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 30, 2022 | 64.19% | 15.21% | 34.64% | 30.15% | -9.82% | 39.38% | 20.20% | 42.06% | 25.74% | -8.46% | -3.43% | 2.07% | 4.90% | 22.87% | -2.27% |
| Sep 30, 2021 | 65.56% | 15.08% | 36.76% | 26.07% | -10.58% | 38.40% | 25.95% | 41.59% | 37.58% | -26.66% | -7.15% | 2.14% | 4.36% | 17.48% | -5.76% |
| Sep 30, 2020 | 64.46% | 14.69% | 32.93% | 24.06% | -30.34% | 22.86% | 28.34% | 37.03% | 35.57% | -107.41% | -5.25% | 1.74% | 4.40% | 16.83% | -13.85% |
| Sep 30, 2019 | 65.29% | 14.59% | 29.25% | 21.05% | — | 21.86% | 27.33% | 34.14% | 34.26% | — | -1.87% | 4.03% | 1.22% | 15.48% | -16.42% |
| Sep 30, 2018 | 62.86% | 14.04% | 31.45% | 18.53% | — | 19.99% | 25.10% | 31.77% | 34.34% | — | -5.68% | 2.25% | -1.63% | 11.54% | -14.15% |
| Sep 30, 2017 | 66.15% | 12.60% | 29.69% | 16.67% | — | 19.01% | 26.95% | 24.82% | 33.69% | — | -10.21% | 0.77% | -5.25% | 12.76% | -24.00% |
| Sep 30, 2016 | 52.27% | 13.82% | 25.51% | 13.49% | — | 19.24% | 26.46% | 23.65% | 34.02% | — | -13.79% | 1.72% | -30.41% | 13.10% | -22.77% |
| Sep 30, 2015 | 65.30% | 13.48% | 18.83% | 16.77% | — | 16.39% | 17.60% | 19.41% | 36.29% | — | -14.39% | -2.71% | -16.55% | 11.88% | -27.38% |
| Sep 30, 2014 | 60.60% | 13.49% | 9.95% | 13.07% | — | 20.52% | 29.16% | 31.97% | 38.56% | — | -36.00% | -7.03% | -22.24% | 12.09% | -32.69% |
| Sep 30, 2013 | 61.46% | 14.27% | 10.42% | 12.94% | — | 21.74% | 29.56% | 34.38% | 39.49% | — | -4.70% | -3.63% | -15.61% | 12.56% | -43.07% |
| Sep 30, 2012 | 20.53% | 13.00% | 26.80% | 15.96% | — | 24.89% | 28.35% | 29.52% | 36.92% | — | 1.53% | -1.55% | -15.42% | 10.82% | — |
| Sep 30, 2011 | 59.38% | 12.69% | 26.07% | 10.47% | — | 20.55% | 26.15% | 38.83% | 33.78% | — | — | 5.88% | — | 13.86% | — |
| Sep 30, 2010 | 56.90% | 12.62% | 26.13% | -3.09% | — | 18.72% | 24.98% | 38.57% | 33.79% | — | — | 8.83% | — | 13.33% | — |
| Sep 30, 2009 | 51.19% | 11.41% | 23.44% | -14.50% | — | 18.51% | 21.43% | 34.85% | 35.79% | — | — | 5.92% | — | 15.31% | — |
| Sep 30, 2008 | 19.67% | 11.90% | 28.72% | -151.48% | — | 16.42% | 21.19% | 37.23% | 34.97% | — | — | 2.71% | — | 16.39% | — |
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), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).