Visa Inc. posted net earnings of $19.7 billion in fiscal year 2024, up 14% from the prior year. The company operates one of the highest net profit margins among S&P 500 companies, consistently converting more than half of its revenue into net income each fiscal year.
Annual Earnings Of Visa
| Fiscal Year |
Net Earnings (USD) |
YoY Change |
| FY2015 | $6.3B | — |
| FY2016 | $5.9B | −6.3% |
| FY2017 | $6.7B | +13.6% |
| FY2018 | $10.3B | +53.7% |
| FY2019 | $12.1B | +17.5% |
| FY2020 | $10.9B | −9.9% |
| FY2021 | $12.3B | +12.8% |
| FY2022 | $14.9B | +21.1% |
| FY2023 | $17.3B | +16.1% |
| FY2024 | $19.7B | +13.9% |
Visa P/E Ratio
| Fiscal Year |
P/E Ratio |
YoY Change |
| FY2015 | 29.1x | — |
| FY2016 | 32.8x | +12.7% |
| FY2017 | 37.4x | +14.0% |
| FY2018 | 28.6x | −23.5% |
| FY2019 | 33.5x | +17.1% |
| FY2020 | 40.8x | +21.8% |
| FY2021 | 38.2x | −6.4% |
| FY2022 | 28.4x | −25.7% |
| FY2023 | 30.7x | +8.1% |
| FY2024 | 31.5x | +2.6% |
