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Where the tokens are
Standardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q3 FY262026-06-30 | Q2 FY262026-03-31 | Q1 FY262025-12-31 | Q4 FY252025-09-30 | Q3 FY252025-06-30 | Q2 FY252025-03-31 | Q1 FY252024-12-31 | Q4 FY242024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $11.63B | $11.23B | $10.90B | $10.72B | $10.17B | $9.59B | $9.51B | $9.62B |
| Gross profit | $11.63B | $11.23B | $10.90B | $10.72B | $10.17B | $9.59B | $9.51B | $9.62B |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% |
| Selling, general and administrative | $4.14B | $3.33B | $3.13B | $3.36B | $3.06B | $2.85B | $2.95B | $2.98B |
| Operating expenses | $4.76B | $4.00B | $4.16B | $4.58B | $4.00B | $4.16B | $3.28B | $3.27B |
| Operating income | $6.88B | $7.23B | $6.74B | $6.15B | $6.18B | $5.44B | $6.23B | $6.35B |
| Operating margin | 59.1% | 64.4% | 61.8% | 57.3% | 60.7% | 56.6% | 65.6% | 66.0% |
| EBITDA | $7.50B | $7.90B | $7.77B | $7.37B | $7.11B | $6.74B | $6.56B | $6.63B |
| Interest expense | −$194.00M | −$178.00M | −$194.00M | −$210.00M | −$39.00M | −$158.00M | −$182.00M | −$176.00M |
| Income before taxes | $6.83B | $7.17B | $6.73B | $6.22B | $6.33B | $5.44B | $6.20B | $6.37B |
| Income taxes | $1.21B | $1.15B | $873.00M | $1.13B | $1.06B | $861.00M | $1.08B | $1.05B |
| Net income | $5.63B | $6.02B | $5.85B | $5.09B | $5.27B | $4.58B | $5.12B | $5.32B |
| Net margin | 48.4% | 53.6% | 53.7% | 47.5% | 51.8% | 47.7% | 53.8% | 55.3% |
| EPS, basic | $2.97 | $3.15 | $3.03 | $2.62 | $2.69 | $2.32 | $2.58 | $2.65 |
| EPS, diluted | $2.97 | $3.14 | $3.03 | $2.61 | $2.69 | $2.32 | $2.58 | $2.65 |
| Diluted shares | 1.90B | 1.92B | 1.93B | 1.97B | 1.96B | 1.97B | 1.99B | 2.03B |
Figures describe Visa shares, not any token. As of Jul 29, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.