Visa runs the network that connects banks, merchants, and cardholders to authorize and settle electronic payments. It earns fees based on the number and value of transactions processed across its network. Visa doesn't issue cards or extend credit itself — it licenses its brand and network to banks, which issue the cards and bear the credit risk. Customers are effectively financial institutions and merchants worldwide, with consumers as the end users. Revenue grows when more spending moves from cash to cards and when overall transaction volumes rise.
Employees34,100IPOMar 19, 2008SIC7389HQP.O. Box 8999, San Francisco, CA, USA, 94128-8999
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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)
31.08
Forward P/E
23.14
P/E ex-NRI
28.60
Shiller P/E (CAPE)
46.48
Cash Flow Multiples
P/FCF
37.18
P/OCF
34.59
P/Owner Earnings
240.59
FCF Yield
3.11%
Enterprise Value Multiples
EV / EBIT
24.78
EV / Forward EBIT
20.43
EV / EBITDA
23.64
EV / Forward EBITDA
19.39
EV / Revenue
15.45
EV / Forward Revenue
13.53
Asset / Sales
P/S
17.45
P/B
19.81
P/Tangible Book
—
Growth-Adjusted
PEG
1.75
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.77%
Forward Dividend Yield
0.77%
3Y Dividend Growth
16.3%
Payout Ratio
0.20
5Y Yield on Cost
1.58%
Buybacks & Dilution
3Y Buyback Ratio
2.50%
Combined
Shareholder Yield
3.66%
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
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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
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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