Visa runs the payment network that sits between banks, merchants, and cardholders. When someone pays with a Visa-branded card or digital credential, Visa authorizes and routes the transaction — it does not issue cards or extend credit itself. Revenue comes primarily from fees charged on transaction volume, the number of transactions processed, and cross-border payments. Customers are financial institutions (which issue the cards and acquire merchant accounts), merchants, and indirectly, consumers. The business operates globally across over 200 countries.
Employees34,100IPOMar 19, 2008SIC7389HQP.O. Box 8999, San Francisco, CA, USA, 94128-8999
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
80.2%
Operating Margin
65.6%
EBITDA Margin
65.4%
Net Margin
50.8%
OCF Margin
50.8%
FCF Margin
47.2%
Returns on Capital
ROE
60.7%
ROA
23.2%
ROIC
29.7%
ROCE
42.7%
ROC (Greenblatt)
622.0%
3Y ROIIC
36.3%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
34.24
Forward P/E
26.81
P/E ex-NRI
31.50
Shiller P/E (CAPE)
51.22
Cash Flow Multiples
P/FCF
40.97
P/OCF
38.11
P/Owner Earnings
265.05
FCF Yield
2.82%
Enterprise Value Multiples
EV / EBIT
27.48
EV / Forward EBIT
22.74
EV / EBITDA
26.22
EV / Forward EBITDA
21.58
EV / Revenue
17.13
EV / Forward Revenue
15.06
Asset / Sales
P/S
19.24
P/B
21.82
P/Tangible Book
—
Growth-Adjusted
PEG
1.93
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.66%
Forward Dividend Yield
0.66%
3Y Dividend Growth
16.3%
Payout Ratio
0.20
5Y Yield on Cost
1.49%
Buybacks & Dilution
3Y Buyback Ratio
2.50%
Combined
Shareholder Yield
3.31%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.68
Gross Debt / EBITDA
0.82
Cash / Debt
0.58
Equity / Assets
0.37
Coverage
Interest Coverage
37.61
Short-Term Liquidity
Current Ratio
0.99
Quick Ratio
0.99
Cash Ratio
0.44
Composite Scores
Piotroski F-Score
5
Altman Z-Score
8.45
Split History
Date
Split
2015-03-19
4:1
Ex-date
Amount
Pay date
2026-08-11
$0.67
2026-09-01
2026-05-12
$0.67
2026-06-01
2026-02-10
$0.67
2026-03-02
2025-11-12
$0.67
2025-12-01
2025-08-12
$0.59
2025-09-02
2025-05-13
$0.59
2025-06-02
2025-02-11
$0.59
2025-03-03
2024-11-12
$0.59
2024-12-02
2024-08-09
$0.52
2024-09-03
2024-05-16
$0.52
2024-06-03
10 of 73
View allDate
Transcript
Type
2026-09-08
Visa Inc. at Goldman Sachs Communacopia + Technology Conference Transcript
Conference Presentations
2026-07-28
Q3 2026 Visa Inc Earnings Call Transcript
Earnings Call
2026-06-03
Visa Inc at Robert W Baird Global Consumer, Technology & Services Conference Transcript
Conference Presentations
2026-05-28
Visa Inc at Bernstein Strategic Decisions Conference Transcript
Conference Presentations
2026-05-19
Visa Inc at JPMorgan Global Technology, Media and Communications Conference Transcript
Conference Presentations
2026-04-28
Q2 2026 Visa Inc Earnings Call Transcript
Earnings Call
2026-03-11
Visa Inc at Wolfe Research FinTech Forum Transcript
Conference Presentations
2026-03-03
Visa Inc at Morgan Stanley Technology, Media & Telecom Conference Transcript
Conference Presentations
2026-01-29
Q1 2026 Visa Inc Earnings Call Transcript
Earnings Call
2026-01-27
Visa Inc Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
10 of 122
5-Step DuPont Analysis
ROE %
61.19%
×
×
Net Margin %
50.78%
×
×
Operating Margin %
65.61%
Operating Income
$29.19B
÷
Revenue
$44.49B
×
Tax Burden
0.8381
Net Income
$22.59B
÷
Pretax Income
$26.96B
×
Interest Burden
0.9235
Pretax Income
$26.96B
÷
Operating Income
$29.19B
×
Asset Turnover
0.46
÷
Revenue
$44.49B
÷
Average Total Assets
$97.31B
Begin Total Assets
$100.02B
End Total Assets
$94.59B
×
Equity Multiplier
2.64
÷
Avg Total Assets
$97.31B
÷
Avg Stockholders Equity
$36.92B
Begin Equity
$38.66B
End Equity
$35.18B
Top institutional holders
Q2 2026| Holder | Shares | Chg. shares | |
|---|---|---|---|
| BlackRock, Inc. | 137.7M | +1.5M | $47.23B |
| VANGUARD CAPITAL MANAGEMENT LLC | 106.2M | -854.7K | $36.42B |
| STATE STREET CORP | 82.9M | +566.2K | $28.43B |
| MORGAN STANLEY | 46.0M | -19.6K | $15.77B |
| GEODE CAPITAL MANAGEMENT, LLC | 45.3M | +401.6K | $15.53B |
| FMR LLC | 42.9M | -2.0M | $14.73B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 36.8M | -760.2K | $12.64B |
| PRICE T ROWE ASSOCIATES INC /MD/ | 35.5M | -5.6M | — |
| TCI FUND MANAGEMENT LTD | 30.5M | +26.0K | $10.46B |
| Capital World Investors | 28.3M | +3.1M | $9.70B |
10 of 4,615
View allTop insider holdings
as reported| Insider | Shares held | |
|---|---|---|
| Taneja RajatOfficer | 232.1K | $93.45M |
| MAHON TULLIER KELLYOfficer | 49.7K | $19.99M |
| Fabara Paul DOfficer | 37.3K | $15.02M |
| Fernandez-Carbajal Francisco JavierDirector | 33.2K | $13.38M |
| ROTTENBERG JULIE BOfficer | 18.4K | $7.41M |
| Suh ChrisOfficer | 18.2K | $7.32M |
| ANDRESKI PETER MOfficer | 10.2K | $4.12M |
| MORRISON DENISE MDirector | 10.1K | $4.08M |
| LUNDGREN JOHN FDirector | 9.8K | $3.93M |
| MCINERNEY RYANOfficer | — | — |
10 of 15· 1 withheld
View allRecent insider activity
through Oct 1, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| MCINERNEY RYANOfficer | Option Exercise (Rule 16b-3 Exempt) | +5.9K | $791.7K | Oct 1, 2026 |
| MCINERNEY RYANOfficer | Open-Market or Private Sale | -5.9K | $2.11M | Oct 1, 2026 |
| ROTTENBERG JULIE BOfficer | Option Exercise (Rule 16b-3 Exempt) | +1.9K | $251.6K | Sep 9, 2026 |
| ROTTENBERG JULIE BOfficer | Open-Market or Private Sale | -1.9K | $687.7K | Sep 9, 2026 |
| MCINERNEY RYANOfficer | Option Exercise (Rule 16b-3 Exempt) | +5.9K | $791.7K | Sep 1, 2026 |
| MCINERNEY RYANOfficer | Open-Market or Private Sale | -5.9K | $2.23M | Sep 1, 2026 |
| ROTTENBERG JULIE BOfficer | Option Exercise (Rule 16b-3 Exempt) | +2.0K | $222.7K | Aug 31, 2026 |
| ROTTENBERG JULIE BOfficer | Open-Market or Private Sale | -2.0K | $773.4K | Aug 31, 2026 |
| Taneja RajatOfficer | Open-Market or Private Sale | -17.9K | $6.65M | Aug 21, 2026 |
| MCINERNEY RYANOfficer | Option Exercise (Rule 16b-3 Exempt) | +5.9K | $791.7K | Aug 21, 2026 |
10 of 1,598
View all