Visa 2015 Annual Report Download - page 79
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VISA INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
For the Years Ended
September 30,
2015 2014 2013
(in millions, except per share data)
Operating Revenues
Service revenues ...................................... $ 6,302 $ 5,797 $ 5,352
Data processing revenues .............................. 5,552 5,167 4,642
International transaction revenues ........................ 4,064 3,560 3,389
Other revenues ....................................... 823 770 716
Client incentives ....................................... (2,861) (2,592) (2,321)
Total operating revenues ............................ 13,880 12,702 11,778
Operating Expenses
Personnel ............................................ 2,079 1,875 1,932
Marketing ............................................ 872 900 876
Network and processing ................................ 474 507 468
Professional fees ...................................... 336 328 412
Depreciation and amortization ........................... 494 435 397
General and administrative .............................. 547 507 451
Litigation provision (Note 20) ............................ 14 453 3
Total operating expenses ........................... 4,816 5,005 4,539
Operating income ..................................... 9,064 7,697 7,239
Non-operating (expense) income ......................... (69) 27 18
Income before income taxes ............................. 8,995 7,724 7,257
Income tax provision (Note 19) ........................... 2,667 2,286 2,277
Net income ........................................... $ 6,328 $ 5,438 $ 4,980
See accompanying notes, which are an integral part of these consolidated financial statements.
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