Visa (V) FY2015 results: revenue $13.9 billion, up 9.3% on the year
Visa Inc. (V) reported revenue of $13.9 billion for fiscal 2015, the year ended 30 September 2015, up 9.3% on the year before. Net income was $6.3 billion, up 16.4%. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2015.
Revenue
$13.9 billion
+9.3% on the year
FY2008FY2015
Operating margin
65.3%
60.6% a year earlier
FY2008FY2015
Net income
$6.3 billion
+16.4% on the year
FY2008FY2015
Diluted EPS
n/a
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
13,880
12,702
11,778
+9.3%
Operating income
9,064
7,697
7,239
+17.8%
Operating margin
65.3%
60.6%
61.5%
Pre-tax income
8,995
n/a
n/a
Income tax
2,667
2,286
2,277
+16.7%
Effective tax rate
29.6%
n/a
n/a
Net income
6,328
5,438
4,980
+16.4%
Net margin
45.6%
42.8%
42.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
6,584
7,205
3,022
-8.6%
Capital expenditure
414
553
471
-25.1%
Free cash flow
6,170
6,652
2,551
-7.2%
Free cash flow margin
44.5%
52.4%
21.7%
Cash from investing
-1,435
-941
-1,164
Cash from financing
-3,603
-6,478
-1,746
Depreciation and amortisation
494
435
397
+13.6%
Share-based compensation
187
172
179
+8.7%
Buybacks
2,910
4,118
5,365
-29.3%
Dividends paid
1,177
1,006
864
+17.0%
Dividend per share
$0.12
$0.40
$0.33
-70.0%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
29,842
27,413
26,870
+8.9%
Debt
0.0
0.0
0.0
Other liabilities
9,525
11,156
9,086
-14.6%
Total liabilities and equity
39,367
38,569
35,956
+2.1%
Fixed assets
1,888
1,892
1,732
-0.2%
Goodwill
11,825
11,753
11,681
+0.6%
Intangible assets
11,361
11,411
11,351
-0.4%
Investments
5,815
4,925
4,754
+18.1%
Trading assets
66.0
69.0
75.0
-4.3%
Cash and equivalents
3,518
1,971
2,186
+78.5%
Receivables
847
822
761
+3.0%
Other assets
4,047
5,726
3,416
-29.3%
Total assets
39,367
38,569
35,956
+2.1%
10-K for the year ended 30 September 2015, filed 20 November 2015: the filing.