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
Operating performance from 2008 to 2022 demonstrates significant expansion in both absolute earnings and operational efficiency. Net revenues grew from US$ 6,263 million to US$ 29,310 million, while operating income increased from US$ 1,232 million to US$ 18,813 million over the same period.
- Revenue and Income Trajectory
- A consistent upward trend in top-line growth is observed, with the only notable contraction occurring in 2020, when net revenues declined to US$ 21,846 million from US$ 22,977 million the previous year. Operating income generally mirrored this growth, although it showed greater sensitivity to specific annual fluctuations.
- Operating Profit Margin Volatility
- The operating profit margin exhibited substantial volatility during the initial years of the period. After starting at 19.67% in 2008, the margin climbed rapidly to 59.38% by 2011. A sharp and anomalous contraction occurred in 2012, where the margin fell to 20.53%, marking the lowest efficiency level since 2008.
- Long-term Margin Stabilization
- From 2013 onward, the operating profit margin entered a period of relative stability and high performance. The margin remained consistently above 52%, reaching a peak of 66.15% in 2017. This sustained level of profitability, ending at 64.19% in 2022, indicates a robust cost structure and the ability to maintain high margins despite scaling revenues.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Visa Inc., operating profit margin, long-term trends, comparison to competitors
| Visa Inc. | Accenture PLC | Adobe Inc. | AppLovin Corp. | Cadence Design Systems Inc. | Datadog Inc. | 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% | -1.70% | 30.15% | -3.50% | 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% | 5.37% | 26.07% | -1.86% | 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% | -2.28% | 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% | -5.55% | 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% | — | 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% | — | 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% | — | 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% | — | 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% | — | 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% | — | 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% | — | 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% | — | 26.15% | 38.83% | 33.78% | — | — | 5.88% | — | 13.86% | — |
| Sep 30, 2010 | 56.90% | 12.62% | 26.13% | — | -3.09% | — | 24.98% | 38.57% | 33.79% | — | — | 8.83% | — | 13.33% | — |
| Sep 30, 2009 | 51.19% | 11.41% | 23.44% | — | -14.50% | — | 21.43% | 34.85% | 35.79% | — | — | 5.92% | — | 15.31% | — |
| Sep 30, 2008 | 19.67% | 11.90% | 28.72% | — | -151.48% | — | 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).