Here Is How Much Money Visa Makes Every Minute

By Trey Thoelcke Updated Apr 10, 7:05AM EDT · Published Apr 9, 2:10PM EDT

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Here Is How Much Money Visa Makes Every Minute — © Justin Sullivan / Getty Images

The Visa credit card is one of the most popular in the world, accepted in more than 200 countries and territories. Visa Inc. (NYSE: V | V Price Prediction) operates one of the world’s most advanced payment processing networks, and it recently began offering AI tools for users. Also, its stock is a longtime holding of famed investor Warren Buffett.

Our focus here is on how much money Visa makes every minute. Let’s take a look.

How Does Visa Make Its Money?

Visa revenue totaled more than $32 billion last year.

This payment technology company was founded in 1958 and went public in the spring of 2008. It provides financial institutions with Visa-branded payment products that they then use to offer credit, debit, prepaid, and cash access programs to their customers. Visa is one of the world’s most valuable companies, and it is headquartered in San Francisco. (Here are six reasons to avoid Mastercard immediately.)

Out of Visa’s $32.7 billion in revenue last year, about $16 billion came from data processing, while almost $15 billion came from services in support of Visa payments. Its three biggest markets are the United States (57.1%), the United Kingdom (13.9%), and Australia (6.5%).

Here is a look at annual revenue and revenue per minute for the past five years:

Fiscal Year	Annual Revenue	Revenue per Minute
2023	$32.65 billion	$62,119.48
2022	$29.31 billion	$55,764.84
2021	$24.11 billion	$45,871.39
2020	$21.85 billion	$41,571.54
2019	$22.98 billion	$43,721.46

How Much Does Visa Really Make?

Visa earned almost $32,900 a minute last year.

Revenue is not the full picture, of course. Net income, also called profits or earnings, is what is left after expenses such as cost of goods sold, taxes, and interest are subtracted. In other words, it is the bottom line (of the income statement), as opposed to revenue, the top line.

As Visa’s top line has mostly grown in the past decade, so too have its operating expenses. At the end of 2014, quarterly operating expenses totaled about $1.1 billion. That came in at almost $2.7 billion most recently, though that was less than the $3.0 billion or so in the prior two quarters. In addition, note that Visa paid about $3.2 billion in client incentives last year. So how has all of that affected the bottom line?

Here is a look at annual net income and net income per minute for the past five years:

Fiscal Year	Annual Net Income	Net Income per Minute
2023	$17.27 billion	$32,857.69
2022	$14.96 billion	$28462.71
2021	$12.31 billion	$23,420.85
2020	$10.87 billion	$20,681.13
2019	$12.08 billion	$22,983.26

How Has Visa Stock Fared?

Visa stock hit an all-time high recently.

The stock traded for around $50 per share a decade ago. It is up more than 444% since then (split adjusted), easily outperforming the broader markets. The share price hit an all-time high of $290.96 last month. Shares are also about 6% higher than at the beginning of this year, underperforming the S&P 500 since then.

The $303.84 consensus price target indicates that analysts see over 10% additional upside in the coming year. The high price target is up at $335. All but four out of 39 analysts who follow the stock recommend buying shares now.

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About the Author Trey Thoelcke →

Trey has been an editor and author at 24/7 Wall St. for more than a decade, where he has published thousands of articles analyzing corporate earnings, dividend stocks, short interest, insider buying, private equity, and market trends. His comprehensive coverage spans the full spectrum of financial markets, from blue-chip stalwarts to emerging growth companies.

Beyond 24/7 Wall St., Trey has created and edited financial content for Benzinga and AOL's BloggingStocks, contributing additional hundreds of articles to the investment community. He previously oversaw the 24/7 Climate Insights site, managing editorial operations and content strategy, and currently oversees and creates content for My Investing News.

Trey's editorial expertise extends across multiple publishing environments. He served as production editor at Dearborn Financial Publishing and development editor at Kaplan, where he helped shape financial education materials. Earlier in his career, he worked as a writer-producer at SVE. His freelance editing portfolio includes work for prestigious clients such as Sage Publications, Rand McNally, the Institute for Supply Management, the American Library Association, Eggplant Literary Productions, and Spiegel.

Outside of financial journalism, Trey writes fiction and has been an active member of the writing community for years, overseeing a long-running critique group and moderating workshop sessions at regional conventions. He lives with his family in an old house in the Midwest.