VISA EUROPE LIMITED — The Accounts

Get an alert when VISA EUROPE LIMITED files next

Leroy will email you the moment a new filing lands at Companies House — one short note per filing, nothing else.

Next accounts due

2027-06-30 (in 1y)

Last filed for 2025-09-30

Confirmation statement due

2026-06-02 (in 1mo)

Last made up 2025-05-19

Watchouts

2 items

Cash

£6B

EUR 7,092,541,000

+15.2% vs 2024

Net assets

£5B

EUR 6,055,403,000

+13.6% vs 2024

Employees

2,454

+1.2% vs 2024

Profit before tax

£4B

EUR 4,670,696,000

+5.6% vs 2024

Watchouts

Facts from the Companies House register and the latest accounts — not a rating

3 officer resignations in last 12 months

Multiple officers have left the board recently — see the People section for who.
1 PSC ceased in last 24 months

Significant control changed hands — see the Ownership section.

Net assets

2-year trend · vs Financials median

VISA EUROPE LIMITED·Financials median · n=2438

Accounts

2-year trend · latest reflected 2025-09-30

Metric	2024-09-30	2025-09-30
Turnover	£5,197,398,035	£5,863,190,712
Operating profit	£3,299,349,509	£3,911,930,603
Profit before tax	£3,845,375,250	£4,061,827,985
Net profit	£2,969,384,294	£3,054,744,760
Cash	£5,352,074,093	£6,167,963,301
Total assets less current liabilities	—	—
Net assets	£4,633,705,540	£5,266,025,741
Equity	£4,633,705,540	£5,266,025,741
Average employees	2,425	2,454
Wages	£333,219,410	£338,343,334
Directors' remuneration	£5,477,868	£6,443,169

Figures converted to GBP from EUR at 0.870 per EUR (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

Year-on-year

FY2024 → FY2025 · period ending 2025-09-30 vs 2024-09-30

Turnover

+12.8%

£5,197,398,035 £5,863,190,712
Cash

+15.2%

£5,352,074,093 £6,167,963,301
Net assets

+13.6%

£4,633,705,540 £5,266,025,741
Employees

+1.2%

2,425 2,454
Operating profit

+18.6%

£3,299,349,509 £3,911,930,603
Profit before tax

+5.6%

£3,845,375,250 £4,061,827,985
Wages

+1.5%

£333,219,410 £338,343,334

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers

Ratios

Computed from the line items above — sparklines read oldest → newest

Ratio	2024-09-30	2025-09-30
Operating margin	63.5%	66.7%
Net margin	57.1%	52.1%
Gearing (liabilities / total assets)	0.0%	0.0%
Current ratio	1.81x	2.02x
Interest cover	1737.14x	891.11x

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Audit & accounting basis

Accounting basis: IFRS
Reporting scope: Standalone (parent only)
Auditor: KPMG LLP
Audit opinion: Unqualified (clean)
Going concern: Affirmed
“The directors have prepared the financial statements on the going concern basis as they do not intend to liquidate the Company or to cease its operations, and as they have concluded that the Company's financial position means that there are no material uncertainties that could have cast significant doubt on the Company's ability to continue as a going concern for at least a year from the date of approval of the financial statements”

Group structure

VISA EUROPE LIMITED · parent
1. Visa Europe Services LLC (VES) 100% · UK · Cost
2. Visa Europe Management Services Limited (VEMS) 100% · UK · Cost
3. Visa Europe (Malta) Limited 100% · Malta · Cost
4. Visa Europe (Cyprus) Limited 100% · Cyprus · Cost
5. Visa Europe Management Services (Ireland) Private Limited 100% · Ireland · Cost
6. Visa Pension Trustee Limited 100% · UK · Cost
7. Visa Europe (Netherlands) B.V. 100% · Netherlands · Cost
8. Visa Europe (Slovakia) S.r.o. 85% · Slovakia · Cost
9. Visa Europe (Latvia) S.I.A. 99% · Latvia · Cost
10. Visa Europe (Greece) Limited Liability Company 99% · Greece · Cost
11. Visa Europe (Austria) GmbH 100% · Austria · Cost
12. Visa Europe (Portugal) Unipessoal LDA 100% · Portugal · Cost
13. Visa Europe (Romania) SRL 100% · Romania · Cost
14. Visa Europe (Bulgaria) EOOD 100% · Bulgaria · Cost
15. Visa Europe (Belgium) SRL 100% · Belgium · Cost
16. Visa Europe (Hungary) Kft 100% · Hungary · Cost
17. Visa Europe (Denmark) ApS 100% · Denmark · Cost
18. Visa Europe (Finland) Oy 100% · Finland · Cost
19. Visa Europe (SL) management services d.o.o. 100% · Slovenia · Cost

Significant events

“During the year, the Company paid a total of €2,821 million in interim cash dividends to its immediate parent, Visa Europe Holdings Limited, in line with the Visa Europe Capital Management and Dividend Policy and Annual Dividend Plan. The Company agreed to settlements of €43.4 million in total with individual merchants related to multilateral interchange fees and other claims. Refer to Notes to the financial statements, Note 25, Contingent Liabilities, for further details.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

People

10 active · 90 resigned

Name	Role	Appointed	Born	Nationality
PITHOUSE, Prini	Secretary	2018-09-26	—	—
BREITBURD, Amélie Marie	Director	2025-06-04	Mar 1969	French
CAHILL, Antony James	Director	2025-08-12	Sep 1972	English
CLARK, Christopher James	Director	2019-12-03	Jul 1964	Australian
HEWITT, Alison Deborah Moira	Director	2017-06-07	Aug 1963	British
HUSSAIN, Hamayou Akbar	Director	2019-06-21	Oct 1972	British
JOHNSTON, Kelly Ann Mahon	Director	2020-08-19	May 1966	American
MEHROTRA, Hanu Shyam	Director	2026-01-12	Aug 1982	Indian
SHEEDY, William Morgan	Director	2018-07-02	Jan 1967	American
ZOETELIEF TROMP, Philippe Edmond	Director	2019-03-14	Apr 1960	French

Show 90 resigned officers

Name	Role	Appointed	Resigned
BUCKSEY, Nicholas	Secretary	2016-06-21	2018-09-26
GROGAN, Niamh	Secretary	2014-09-12	2016-06-21
LEE, Tony	Secretary	2013-07-05	2014-08-15
TURNER, Vanessa Anne-Marie	Secretary	2011-12-10	2013-07-05
WALSH, Carol Susan Philippa	Secretary	2004-05-28	2011-12-09
HACKWOOD SECRETARIES LIMITED	Corporate Nominee Secretary	2004-05-27	2004-05-28
AGNEESSEUS, Heiman	Director	2004-05-28	2005-04-30
ALICKI, Piotr Stanislaw	Director	2011-05-01	2015-04-30
ARIRA, Gilbert, Senior Vice President	Director	2005-05-01	2010-02-08
AUGE, Pascal Claude Jean Pierre Marie	Director	2014-01-24	2016-06-21
AYLIFFE, Peter George Edwin	Director	2006-03-01	2013-09-30
AYLIFFE, Peter George Edwin	Director	2004-05-28	2005-03-31
BACHAR, Joseph, Dr	Director	2013-05-01	2016-06-21
BANKS, Richard Lee	Director	2006-08-14	2008-10-30
BEALE, Graham John	Director	2007-05-01	2011-04-30
BENTO, Vitor Dugusto	Director	2005-05-01	2006-11-17
BLAVET, Yves Marie	Director	2010-01-29	2010-02-08
CAPPONCELLI, Giuseppe	Director	2015-05-01	2016-06-21
CASTELLS DELGADO, Francisco	Director	2007-05-01	2009-04-30
CELAYA, Javier	Director	2009-05-01	2013-04-30
CERNKO, Willibald	Director	2004-10-22	2005-04-30
CHAGNON, Yannick	Director	2012-04-01	2015-03-13
CHAGNON, Yannick	Director	2010-02-19	2012-01-01
CHEVAL, Marie	Director	2012-02-14	2013-12-20
CLINK, Iain	Director	2004-05-28	2006-05-25
CONSTANZA, Jean Louis	Director	2015-05-01	2018-12-31
CORNARO, Paolo, Dr	Director	2005-05-01	2007-04-30
COSSA-DUMURGIER, Beatrice	Director	2012-11-23	2013-07-22
DE LA RICA GOIRICELAYA, Fernando	Director	2013-05-01	2016-06-21
DENELE, Fabrice Jocelyn Claude	Director	2010-02-19	2016-06-21
DRABIKOWSKI, Bartosz	Director	2015-05-01	2016-06-21
EVERS, Johannes, Dr	Director	2004-05-28	2016-06-21
FAIREY, Michael Edward	Director	2005-04-01	2006-12-31
FILARETOS, Spyros Nicolaos	Director	2007-05-01	2009-04-30
GABEIRAS, Jose	Director	2005-05-01	2011-04-30
HEDMAN, Kjell Johan Uno	Director	2009-05-01	2013-04-30
HIGGINS, Benny	Director	2006-05-12	2007-08-13
HOFFMAN, Gary Andrew	Director	2010-12-10	2018-07-02
HOFFMAN, Gary Andrew	Director	2008-11-24	2010-11-04
HOFFMAN, Gary Andrew	Director	2004-05-28	2008-09-30
HOFFMEISTER, James Holton	Director	2022-07-01	2026-01-09
HOGG, Charlotte Mary	Director	2017-10-02	2025-07-18
HOLTAN, Henning	Director	2011-05-01	2015-04-30
HUSS, Nicolas	Director	2013-10-01	2017-04-01
IVERSEN, Hans Albert	Director	2004-05-28	2007-04-30
JACKSON, Jeremy Peter	Director	2009-02-17	2010-03-19
JACKSON, Jeremy Peter	Director	2007-09-17	2009-02-16
JENKINS, Antony Peter	Director	2008-10-01	2011-12-31
KADRNOSKA, Friedrich, Mag	Director	2005-05-01	2009-04-30
KADRNOSKA, Friedrich, Mag	Director	2004-05-28	2004-10-22
KALIFA, Rohinton Minoo	Director	2011-05-01	2016-06-21
KERR, Ian David	Director	2005-05-01	2006-04-30
LA MONICA, Ennio	Director	2006-06-19	2015-04-30
LIDEN, Jan	Director	2004-05-28	2014-04-30
LIVINGSTON, Robert Philip	Director	2019-08-05	2022-07-01
LYBECKER, Peter	Director	2015-06-01	2016-06-21
LYSTBAEK, Sven	Director	2007-05-01	2011-04-30
MARELLI, Jean Claude	Director	2004-06-30	2007-07-07
MARTRENCHAR, Yves Paul Henri	Director	2010-02-19	2012-10-22
MARU, Vimlesh	Director	2012-02-02	2016-06-21
MATHESON, Leslie Durno	Director	2011-05-01	2016-06-21
MERIGO GONZALES, Eduardo	Director	2004-05-27	2005-04-30
MOLINARI, Sandro	Director	2004-05-28	2006-05-09
MORLA, Joan	Director	2011-05-01	2013-04-30
MOSTREY, Godelieve Rachel Lucie	Director	2007-05-01	2009-04-30
NEBOUY, Gerald	Director	2004-05-28	2010-01-29
OBLEKOWSKI, Jacek	Director	2005-05-27	2007-04-30
OLAIZOLA, Juan	Director	2015-05-01	2016-06-21
OLAIZOLA, Juan	Director	2011-05-01	2013-04-30
OTENASEK, Francis Heath	Director	2004-05-28	2006-02-21
PAPASPYROU, Spyridon	Director	2011-05-01	2013-04-30
PAPIERAK, Woyciech	Director	2009-05-01	2011-04-30
PESTER, Paul David, Dr	Director	2010-10-14	2012-02-01
PESTER, Paul David, Doctor	Director	2007-01-01	2007-08-01
PLUMB, Peter James	Director	2019-12-03	2025-08-07
POINTILLART, Erik	Director	2007-07-07	2010-02-08
RAMALHO, Antonio, Dr	Director	2009-05-01	2011-04-30
RENSTROM, Carl Johan Erik	Director	2013-05-01	2016-06-21
RHODES, Christopher Stuart	Director	2013-05-01	2015-04-30
RICHEY, Mary Ellen	Director	2016-06-21	2019-12-03
RODRIGUES, Christopher John	Director	2004-05-28	2006-11-15
SAJED, Amer Ahmed	Director	2015-07-01	2016-06-21
SAN JUAN, Jose	Director	2009-05-01	2011-04-30
SANZ, Eva Castillo	Director	2014-11-01	2016-12-30
SERALVO, Alessandro Martin	Director	2013-05-01	2015-04-30
SERALVO, Alessandro Martin	Director	2009-05-01	2011-04-30
SHEEDY, William Morgan	Director	2017-04-01	2017-10-02
SOMER OZELGIN, Nazan	Director	2004-05-28	2016-06-21
SORANNO KEATING, Valerie	Director	2012-01-01	2015-07-09
SOUTO GONZALEZ, Jose Manuel	Director	2016-07-18	2019-08-05

Ownership

Persons with significant control

Name	Kind	Nature of control	Notified	Status
Visa Inc	Corporate entity	Shares 75–100%, Voting 75–100%, Appoints directors	2024-09-10	Active
Visa International Holdings Limited	Corporate entity	Shares 75–100%	2017-06-26	Ceased 2024-09-10

Filing timeline

Last 20 of 395 total filings

Material constitutional events — rename, articles re-file, resolution

2024-12-23 MA Memorandum articles
2024-12-17 RESOLUTIONS Resolution

Date	Type	Category	Description
2026-02-16	CH01	officers	Change person director company with change date	PDF
2026-02-16	CH01	officers	Change person director company with change date	PDF
2026-02-16	CH01	officers	Change person director company with change date	PDF
2026-01-21	AP01	officers	Appoint person director company with name date	PDF
2026-01-20	TM01	officers	Termination director company with name termination date	PDF
2025-12-22	AA	accounts	Accounts with accounts type full
2025-08-26	AP01	officers	Appoint person director company with name date	PDF
2025-08-11	TM01	officers	Termination director company with name termination date	PDF
2025-07-23	TM01	officers	Termination director company with name termination date	PDF
2025-06-04	AP01	officers	Appoint person director company with name date	PDF
2025-05-30	CS01	confirmation-statement	Confirmation statement with updates	PDF
2025-05-30	PSC07	persons-with-significant-control	Cessation of a person with significant control	PDF
2025-05-30	PSC02	persons-with-significant-control	Notification of a person with significant control	PDF
2024-12-23	MA	incorporation	Memorandum articles
2024-12-17	RESOLUTIONS	resolution	Resolution
2024-12-12	AA	accounts	Accounts with accounts type full
2024-05-30	CS01	confirmation-statement	Confirmation statement with no updates	PDF
2024-05-02	AD03	address	Move registers to sail company with new address	PDF
2024-05-02	AD02	address	Change sail address company with old address new address	PDF
2024-02-26	PSC05	persons-with-significant-control	Change to a person with significant control	PDF

Public-record activity

Raw counts from Companies House — last 12–24 months

Filings: 13
Capital events: 0
Officers appointed: 3
Officers resigned: 3

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

Official Companies House page