Visa (V) FY2016 results: revenue $15.1 billion, up 8.7% on the year
Visa Inc. (V) reported revenue of $15.1 billion for fiscal 2016, the year ended 30 September 2016, up 8.7% on the year before. Net income was $6.0 billion, down 5.3%. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2016.
Revenue
$15.1 billion
+8.7% on the year
FY2009FY2016
Operating margin
52.3%
65.3% a year earlier
FY2009FY2016
Net income
$6.0 billion
-5.3% on the year
FY2009FY2016
Diluted EPS
n/a
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
15,082
13,880
12,702
+8.7%
Operating income
7,883
9,064
7,697
-13.0%
Operating margin
52.3%
65.3%
60.6%
Pre-tax income
8,012
8,995
n/a
-10.9%
Income tax
2,021
2,667
2,286
-24.2%
Effective tax rate
25.2%
29.6%
n/a
Net income
5,991
6,328
5,438
-5.3%
Net margin
39.7%
45.6%
42.8%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
5,574
6,584
7,205
-15.3%
Capital expenditure
523
414
553
+26.3%
Free cash flow
5,051
6,170
6,652
-18.1%
Free cash flow margin
33.5%
44.5%
52.4%
Cash from investing
-10,916
-1,435
-941
Cash from financing
7,477
-3,603
-6,478
Depreciation and amortisation
502
494
435
+1.6%
Share-based compensation
221
187
172
+18.2%
Buybacks
n/a
2,910
4,118
Dividends paid
1,350
1,177
1,006
+14.7%
Dividend per share
$0.14
$0.12
$0.40
+16.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
32,912
29,842
27,413
+10.3%
Debt
15,882
0.0
0.0
Other liabilities
15,241
9,525
11,156
+60.0%
Total liabilities and equity
64,035
39,367
38,569
+62.7%
Fixed assets
2,150
1,888
1,892
+13.9%
Goodwill
15,066
11,825
11,753
+27.4%
Intangible assets
27,234
11,361
11,411
+139.7%
Investments
7,179
5,815
4,925
+23.5%
Trading assets
71.0
66.0
69.0
+7.6%
Cash and equivalents
5,619
3,518
1,971
+59.7%
Receivables
1,041
847
822
+22.9%
Other assets
5,675
4,047
5,726
+40.2%
Total assets
64,035
39,367
38,569
+62.7%
10-K for the year ended 30 September 2016, filed 15 November 2016: the filing.