Visa Inc. (V) 10-Year Financial Performance & Capital Metrics

V • • Banking & Credit

Financial ServicesCredit ServicesPayment Networks and Merchant Acquiring

AboutVisa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. In addition, the company offers card products, platforms, and value-added services. It provides its services under the Visa, Visa Electron, Interlink, VPAY, and PLUS brands. Visa Inc. has a strategic agreement with Ooredoo to provide an enhanced payment experience for Visa cardholders and Ooredoo customers in Qatar. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.Show more

Net Interest Income -$589M +8.1%
Total Revenue $40B +11.3%
Net Income $20.06B +1.6%
Return on Equity 52.07% +2.7%
Net Interest Margin -0.59% +12.8%
Efficiency Ratio 20.38% +38.4%
ROA 20.66% -3.2%
Equity / Assets 38.05% -8.1%
Book Value per Share 17.28 -10.4%
Tangible BV/Share -4.38 -32.9%
Debt/Equity 0.66 +24.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 49.8%
✓Efficient operations: 20.4% efficiency ratio
✓15 consecutive years of dividend growth
✓Well capitalized: 38.1% equity/assets
✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak NIM of -0.6%
✗Expensive at 18.5x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.16%

5Y12.86%

3Y10.92%

TTM-

Profit (Net Income) CAGR

10Y12.23%

5Y13.04%

3Y10.28%

TTM4.11%

EPS CAGR

10Y14.74%

5Y15.84%

3Y13.37%

TTM3.53%

ROCE

10Y Avg26.43%

5Y Avg31.01%

3Y Avg34.29%

Latest36.2%

Peer Comparison

Payment Networks and Merchant Acquiring

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VVisa Inc.	2.88B	320.14	31.39	11.34%	50.14%	53.62%	100%	0.66
MAMastercard Incorporated	457.84B	517.21	31.31	16.42%	45.65%	193.01%	3.75%	2.45
AXPAmerican Express Company	212.83B	308.90	22.03	10.15%	13.65%	32.52%	5.7%	1.69
PYPLPayPal Holdings, Inc.	42.51B	46.21	8.54	4.85%	15.7%	25.83%	13.09%	0.49
PMTSCPI Card Group Inc.	139.67M	12.27	7.48	8.11%	4.06%		24.38%
WUThe Western Union Company	3.04B	9.63	6.29	-4%	12.36%	52.16%	12.92%
CURRCurrenc Group, Inc.	160.12M	2.09	-2.03	-12.81%	-85.01%	-138.16%	1.79%
GDOTGreen Dot Corporation	640.67M	11.56	-23.12	14.82%	-1.55%	-5.14%	1.11%	0.07

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Net Interest Income+	-427M	-563M	-612M	-533M	-516M	-513M	-538M	-644M	-641M	-589M
NII Growth %	-14133.33%	-31.85%	-8.7%	12.91%	3.19%	0.58%	-4.87%	-19.7%	0.47%	8.11%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	427M	563M	612M	533M	516M	513M	538M	644M	641M	589M
Loan Loss Provision	2.34B	2.69B	3.24B	3.63B	4B	4.46B	5.2B	5.92B	6.4B	7.27B
Non-Interest Income+	15.08B	18.36B	20.61B	22.98B	21.85B	24.11B	29.31B	32.65B	35.93B	40B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	15.08B	18.36B	20.61B	22.98B	21.85B	24.11B	29.31B	32.65B	35.93B	40B
Revenue Growth %	8.66%	21.72%	12.26%	11.49%	-4.92%	10.34%	21.59%	11.41%	10.02%	11.34%
Non-Interest Expense	4.43B	2.97B	3.8B	3.81B	3.25B	3.33B	4.76B	5.09B	5.29B	8.15B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	7.88B	12.14B	12.95B	15B	14.08B	15.8B	18.81B	21B	23.59B	23.99B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-13.03%	54.05%	6.67%	15.8%	-6.13%	12.24%	19.04%	11.62%	12.36%	1.69%
Pretax Income+	8.01B	11.69B	12.81B	14.88B	13.79B	16.06B	18.14B	21.04B	23.92B	24.19B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.02B	5B	2.5B	2.8B	2.92B	3.75B	3.18B	3.76B	4.17B	4.14B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.99B	6.7B	10.3B	12.08B	10.87B	12.31B	14.96B	17.27B	19.74B	20.06B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-5.33%	11.82%	53.77%	17.27%	-10.05%	13.3%	21.49%	15.48%	14.3%	1.6%
Net Income (Continuing)	5.99B	6.7B	10.3B	12.08B	10.87B	12.31B	14.96B	17.27B	19.74B	20.06B
EPS (Diluted)+	2.48	2.80	4.42	5.32	4.89	5.63	7.00	8.28	9.73	10.20
EPS Growth %	-3.88%	12.9%	57.86%	20.36%	-8.08%	15.13%	24.33%	18.29%	17.51%	4.83%
EPS (Basic)	2.49	2.80	4.43	5.32	4.90	5.63	7.01	8.29	9.74	10.22
Diluted Shares Outstanding	2.41B	2.4B	2.33B	2.27B	2.22B	2.19B	2.14B	2.08B	2.03B	2.19B

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash & Short Term Investments+	8.94B	13.44B	11.71B	12.07B	20.04B	18.51B	18.52B	20.13B	15.18B	21.99B
Cash & Due from Banks	5.62B	9.87B	8.16B	7.84B	16.29B	16.49B	15.69B	16.29B	11.97B	20.15B
Short Term Investments	3.32B	3.56B	3.55B	4.24B	3.75B	2.02B	2.83B	3.84B	3.2B	1.83B
Total Investments+	7.25B	5.49B	7.63B	6.39B	3.98B	3.73B	4.97B	5.76B	5.75B	2.83B
Investments Growth %	23.28%	-24.28%	38.96%	-16.2%	-37.7%	-6.35%	33.22%	15.98%	-0.31%	-50.7%
Long-Term Investments	3.93B	1.93B	4.08B	2.16B	231M	1.71B	2.14B	1.92B	2.54B	999M
Accounts Receivables	1.04B	1.13B	1.21B	1.54B	1.62B	1.97B	2.02B	2.29B	2.56B	3.13B
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	15.07B	15.11B	15.19B	15.66B	15.91B	15.96B	17.79B	18B	18.94B	19.88B
Intangible Assets	27.23B	27.85B	27.56B	26.78B	27.81B	27.66B	25.07B	26.1B	26.89B	27.65B
PP&E (Net)	2.15B	2.25B	2.47B	2.69B	2.74B	2.71B	3.22B	3.42B	3.82B	4.24B
Other Assets	1.32B	1.82B	1.7B	4.32B	6.59B	7.25B	7.08B	7.39B	8.28B	9.1B
Total Current Assets	14.31B	19.02B	18.22B	20.97B	27.64B	27.61B	30.2B	33.53B	34.03B	37.77B
Total Non-Current Assets	49.72B	48.95B	51.01B	51.6B	53.27B	55.29B	55.3B	56.97B	60.48B	61.86B
Total Assets+	64.03B	67.98B	69.22B	72.57B	80.92B	82.9B	85.5B	90.5B	94.51B	99.63B
Asset Growth %	62.66%	6.16%	1.84%	4.84%	11.5%	2.44%	3.14%	5.85%	4.43%	5.41%
Return on Assets (ROA)	11.59%	10.15%	15.02%	17.04%	14.16%	15.03%	17.76%	19.63%	21.34%	20.66%
Accounts Payable	203M	179M	183M	156M	174M	266M	340M	375M	479M	555M
Total Debt+	15.88B	18.37B	16.63B	16.73B	24.64B	20.98B	22.45B	20.46B	20.84B	25.17B
Net Debt	10.26B	8.49B	8.47B	8.89B	8.35B	4.49B	6.76B	4.18B	8.86B	5.02B
Long-Term Debt	15.88B	16.62B	16.63B	16.73B	21.07B	19.98B	20.2B	20.46B	20.84B	19.6B
Short-Term Debt	0	1.75B	0	0	3.11B	999M	2.25B	0	0	5.57B
Other Liabilities	2.39B	2.63B	2.67B	2.94B	3.43B	3.46B	3.54B	3.09B	2.72B	1.52B
Total Current Liabilities	8.05B	9.99B	11.3B	13.41B	14.51B	15.74B	20.85B	23.1B	26.52B	35.05B
Total Non-Current Liabilities	23.08B	25.22B	23.91B	24.48B	30.2B	29.57B	29.07B	28.67B	28.86B	26.67B
Total Liabilities	31.12B	35.22B	35.22B	37.89B	44.71B	45.31B	49.92B	51.77B	55.37B	61.72B
Total Equity+	32.91B	32.76B	34.01B	34.68B	36.21B	37.59B	35.58B	38.73B	39.14B	37.91B
Equity Growth %	10.29%	-0.46%	3.8%	1.99%	4.4%	3.81%	-5.34%	8.86%	1.04%	-3.14%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	19.09%	20.4%	30.86%	35.17%	30.65%	33.36%	40.88%	46.49%	50.71%	52.07%
Book Value per Share	13.63	13.68	14.60	15.27	16.29	17.18	16.66	18.58	19.29	17.28
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	0	0	0	0	0	21.93B	0	0	0	0
Additional Paid-in Capital	17.39B	16.9B	16.68B	16.54B	16.72B	18.86B	19.55B	20.45B	21.23B	21.93B
Retained Earnings	10.46B	9.51B	11.32B	13.5B	14.09B	15.35B	16.12B	18.04B	17.29B	15.11B
Accumulated OCI	-458M	878M	547M	-650M	354M	436M	-2.37B	-1.32B	-412M	124M
Treasury Stock	-170M	0	0	0	0	0	0	0	0	0
Preferred Stock	5.72B	5.53B	5.47B	5.46B	5.09B	3.08B	2.32B	1.7B	1.03B	745M

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	5.57B	9.21B	12.71B	12.78B	10.44B	15.23B	18.85B	20.75B	19.95B	23.06B
Operating CF Growth %	-15.34%	65.2%	38.06%	0.56%	-18.34%	45.85%	23.79%	10.11%	-3.88%	15.58%
Net Income	5.99B	6.7B	10.3B	12.08B	10.87B	12.31B	14.96B	17.27B	19.74B	20.06B
Depreciation & Amortization	502M	556M	613M	656M	767M	804M	861M	943M	1.03B	1.22B
Deferred Taxes	-764M	1.7B	-1.28B	214M	307M	873M	-336M	-483M	-100M	152M
Other Non-Cash Items	3.15B	4.6B	5.41B	5.73B	6.48B	7.4B	10.42B	12.28B	13.86B	12.52B
Working Capital Changes	-3.53B	-4.58B	-2.66B	-6.3B	-8.4B	-6.7B	-7.66B	-10.02B	-15.43B	-11.79B
Cash from Investing+	-10.92B	735M	-3.08B	-591M	1.43B	-152M	-4.29B	-2.01B	-1.93B	708M
Purchase of Investments	-10.44B	-3.28B	-5.82B	-3.15B	-2.34B	-5.18B	-6.08B	-4.48B	-4.67B	-68M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-9.08B	-302M	-196M	-699M	-77M	-75M	-1.95B	0	-915M	-887M
Other Investing	0	0	0	10M	72M	109M	128M	-25M	-93M	121M
Cash from Financing+	7.48B	-5.92B	-11.24B	-12.06B	-3.97B	-14.41B	-12.7B	-17.77B	-20.63B	-18.96B
Dividends Paid	-1.35B	-1.58B	-1.92B	-2.27B	-2.66B	-2.8B	-3.2B	-3.75B	-4.22B	-4.63B
Share Repurchases	-7.16B	-6.89B	-7.19B	-8.61B	-8.11B	-8.68B	-11.59B	-12.1B	-16.71B	-13.39B
Stock Issued	0	0	0	0	0	0	0	0	0	95M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	0	1000K	-1000K	1000K	-1000K	0	1000K
Other Financing	13M	58M	-380M	-1.19B	-402M	-144M	-122M	70M	297M	-4.96B
Net Change in Cash+	2.1B	4.25B	-1.71B	-145M	8.34B	628M	578M	1.61B	-2.23B	5.22B
Exchange Rate Effect	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K
Cash at Beginning	3.52B	5.62B	9.87B	10.98B	10.83B	19.17B	19.8B	20.38B	21.99B	19.76B
Cash at End	5.62B	9.87B	8.16B	10.83B	19.17B	19.8B	20.38B	21.99B	19.76B	24.99B
Interest Paid	244M	489M	545M	537M	537M	643M	607M	617M	583M	587M
Income Taxes Paid	2.84B	3.04B	2.29B	2.65B	2.67B	3.01B	3.74B	3.43B	5.78B	4.54B
Free Cash Flow+	5.05B	8.5B	11.99B	12.03B	9.7B	14.52B	17.88B	19.7B	18.69B	21.58B
FCF Growth %	-18.14%	68.3%	41.1%	0.28%	-19.32%	49.65%	23.12%	10.16%	-5.09%	15.43%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	19.09%	20.4%	30.86%	35.17%	30.65%	33.36%	40.88%	46.49%	50.71%	52.07%
Return on Assets (ROA)	11.59%	10.15%	15.02%	17.04%	14.16%	15.03%	17.76%	19.63%	21.34%	20.66%
Net Interest Margin	-0.67%	-0.83%	-0.88%	-0.73%	-0.64%	-0.62%	-0.63%	-0.71%	-0.68%	-0.59%
Efficiency Ratio	29.41%	16.16%	18.43%	16.59%	14.89%	13.82%	16.25%	15.58%	14.72%	20.38%
Equity / Assets	51.4%	48.19%	49.12%	47.79%	44.75%	45.34%	41.61%	42.8%	41.41%	38.05%
Book Value / Share	13.63	13.68	14.6	15.27	16.29	17.18	16.66	18.58	19.29	17.28
NII Growth	-14133.33%	-31.85%	-8.7%	12.91%	3.19%	0.58%	-4.87%	-19.7%	0.47%	8.11%
Dividend Payout	22.53%	23.57%	18.62%	18.78%	24.52%	22.73%	21.41%	21.72%	21.36%	23.1%

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Visa Inc. (V) 10-Year Financial Performance & Capital Metrics

V • • Banking & Credit

Financial ServicesCredit ServicesPayment Networks and Merchant Acquiring

Net Interest Income -$589M +8.1%
Total Revenue $40B +11.3%
Net Income $20.06B +1.6%
Return on Equity 52.07% +2.7%
Net Interest Margin -0.59% +12.8%
Efficiency Ratio 20.38% +38.4%
ROA 20.66% -3.2%
Equity / Assets 38.05% -8.1%
Book Value per Share 17.28 -10.4%
Tangible BV/Share -4.38 -32.9%
Debt/Equity 0.66 +24.7%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 49.8%
✓Efficient operations: 20.4% efficiency ratio
✓15 consecutive years of dividend growth
✓Well capitalized: 38.1% equity/assets
✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

✗Weak NIM of -0.6%
✗Expensive at 18.5x book value

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y11.16%

5Y12.86%

3Y10.92%

TTM-

Profit (Net Income) CAGR

10Y12.23%

5Y13.04%

3Y10.28%

TTM4.11%

EPS CAGR

10Y14.74%

5Y15.84%

3Y13.37%

TTM3.53%

ROCE

10Y Avg26.43%

5Y Avg31.01%

3Y Avg34.29%

Latest36.2%

Peer Comparison

Payment Networks and Merchant Acquiring

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
VVisa Inc.	2.88B	320.14	31.39	11.34%	50.14%	53.62%	100%	0.66
MAMastercard Incorporated	457.84B	517.21	31.31	16.42%	45.65%	193.01%	3.75%	2.45
AXPAmerican Express Company	212.83B	308.90	22.03	10.15%	13.65%	32.52%	5.7%	1.69
PYPLPayPal Holdings, Inc.	42.51B	46.21	8.54	4.85%	15.7%	25.83%	13.09%	0.49
PMTSCPI Card Group Inc.	139.67M	12.27	7.48	8.11%	4.06%		24.38%
WUThe Western Union Company	3.04B	9.63	6.29	-4%	12.36%	52.16%	12.92%
CURRCurrenc Group, Inc.	160.12M	2.09	-2.03	-12.81%	-85.01%	-138.16%	1.79%
GDOTGreen Dot Corporation	640.67M	11.56	-23.12	14.82%	-1.55%	-5.14%	1.11%	0.07

Profit & Loss

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Net Interest Income+	-427M	-563M	-612M	-533M	-516M	-513M	-538M	-644M	-641M	-589M
NII Growth %	-14133.33%	-31.85%	-8.7%	12.91%	3.19%	0.58%	-4.87%	-19.7%	0.47%	8.11%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	427M	563M	612M	533M	516M	513M	538M	644M	641M	589M
Loan Loss Provision	2.34B	2.69B	3.24B	3.63B	4B	4.46B	5.2B	5.92B	6.4B	7.27B
Non-Interest Income+	15.08B	18.36B	20.61B	22.98B	21.85B	24.11B	29.31B	32.65B	35.93B	40B
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	15.08B	18.36B	20.61B	22.98B	21.85B	24.11B	29.31B	32.65B	35.93B	40B
Revenue Growth %	8.66%	21.72%	12.26%	11.49%	-4.92%	10.34%	21.59%	11.41%	10.02%	11.34%
Non-Interest Expense	4.43B	2.97B	3.8B	3.81B	3.25B	3.33B	4.76B	5.09B	5.29B	8.15B
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	7.88B	12.14B	12.95B	15B	14.08B	15.8B	18.81B	21B	23.59B	23.99B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	-13.03%	54.05%	6.67%	15.8%	-6.13%	12.24%	19.04%	11.62%	12.36%	1.69%
Pretax Income+	8.01B	11.69B	12.81B	14.88B	13.79B	16.06B	18.14B	21.04B	23.92B	24.19B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	2.02B	5B	2.5B	2.8B	2.92B	3.75B	3.18B	3.76B	4.17B	4.14B
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	5.99B	6.7B	10.3B	12.08B	10.87B	12.31B	14.96B	17.27B	19.74B	20.06B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	-5.33%	11.82%	53.77%	17.27%	-10.05%	13.3%	21.49%	15.48%	14.3%	1.6%
Net Income (Continuing)	5.99B	6.7B	10.3B	12.08B	10.87B	12.31B	14.96B	17.27B	19.74B	20.06B
EPS (Diluted)+	2.48	2.80	4.42	5.32	4.89	5.63	7.00	8.28	9.73	10.20
EPS Growth %	-3.88%	12.9%	57.86%	20.36%	-8.08%	15.13%	24.33%	18.29%	17.51%	4.83%
EPS (Basic)	2.49	2.80	4.43	5.32	4.90	5.63	7.01	8.29	9.74	10.22
Diluted Shares Outstanding	2.41B	2.4B	2.33B	2.27B	2.22B	2.19B	2.14B	2.08B	2.03B	2.19B

Balance Sheet

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash & Short Term Investments+	8.94B	13.44B	11.71B	12.07B	20.04B	18.51B	18.52B	20.13B	15.18B	21.99B
Cash & Due from Banks	5.62B	9.87B	8.16B	7.84B	16.29B	16.49B	15.69B	16.29B	11.97B	20.15B
Short Term Investments	3.32B	3.56B	3.55B	4.24B	3.75B	2.02B	2.83B	3.84B	3.2B	1.83B
Total Investments+	7.25B	5.49B	7.63B	6.39B	3.98B	3.73B	4.97B	5.76B	5.75B	2.83B
Investments Growth %	23.28%	-24.28%	38.96%	-16.2%	-37.7%	-6.35%	33.22%	15.98%	-0.31%	-50.7%
Long-Term Investments	3.93B	1.93B	4.08B	2.16B	231M	1.71B	2.14B	1.92B	2.54B	999M
Accounts Receivables	1.04B	1.13B	1.21B	1.54B	1.62B	1.97B	2.02B	2.29B	2.56B	3.13B
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	15.07B	15.11B	15.19B	15.66B	15.91B	15.96B	17.79B	18B	18.94B	19.88B
Intangible Assets	27.23B	27.85B	27.56B	26.78B	27.81B	27.66B	25.07B	26.1B	26.89B	27.65B
PP&E (Net)	2.15B	2.25B	2.47B	2.69B	2.74B	2.71B	3.22B	3.42B	3.82B	4.24B
Other Assets	1.32B	1.82B	1.7B	4.32B	6.59B	7.25B	7.08B	7.39B	8.28B	9.1B
Total Current Assets	14.31B	19.02B	18.22B	20.97B	27.64B	27.61B	30.2B	33.53B	34.03B	37.77B
Total Non-Current Assets	49.72B	48.95B	51.01B	51.6B	53.27B	55.29B	55.3B	56.97B	60.48B	61.86B
Total Assets+	64.03B	67.98B	69.22B	72.57B	80.92B	82.9B	85.5B	90.5B	94.51B	99.63B
Asset Growth %	62.66%	6.16%	1.84%	4.84%	11.5%	2.44%	3.14%	5.85%	4.43%	5.41%
Return on Assets (ROA)	11.59%	10.15%	15.02%	17.04%	14.16%	15.03%	17.76%	19.63%	21.34%	20.66%
Accounts Payable	203M	179M	183M	156M	174M	266M	340M	375M	479M	555M
Total Debt+	15.88B	18.37B	16.63B	16.73B	24.64B	20.98B	22.45B	20.46B	20.84B	25.17B
Net Debt	10.26B	8.49B	8.47B	8.89B	8.35B	4.49B	6.76B	4.18B	8.86B	5.02B
Long-Term Debt	15.88B	16.62B	16.63B	16.73B	21.07B	19.98B	20.2B	20.46B	20.84B	19.6B
Short-Term Debt	0	1.75B	0	0	3.11B	999M	2.25B	0	0	5.57B
Other Liabilities	2.39B	2.63B	2.67B	2.94B	3.43B	3.46B	3.54B	3.09B	2.72B	1.52B
Total Current Liabilities	8.05B	9.99B	11.3B	13.41B	14.51B	15.74B	20.85B	23.1B	26.52B	35.05B
Total Non-Current Liabilities	23.08B	25.22B	23.91B	24.48B	30.2B	29.57B	29.07B	28.67B	28.86B	26.67B
Total Liabilities	31.12B	35.22B	35.22B	37.89B	44.71B	45.31B	49.92B	51.77B	55.37B	61.72B
Total Equity+	32.91B	32.76B	34.01B	34.68B	36.21B	37.59B	35.58B	38.73B	39.14B	37.91B
Equity Growth %	10.29%	-0.46%	3.8%	1.99%	4.4%	3.81%	-5.34%	8.86%	1.04%	-3.14%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	19.09%	20.4%	30.86%	35.17%	30.65%	33.36%	40.88%	46.49%	50.71%	52.07%
Book Value per Share	13.63	13.68	14.60	15.27	16.29	17.18	16.66	18.58	19.29	17.28
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	0	0	0	0	0	21.93B	0	0	0	0
Additional Paid-in Capital	17.39B	16.9B	16.68B	16.54B	16.72B	18.86B	19.55B	20.45B	21.23B	21.93B
Retained Earnings	10.46B	9.51B	11.32B	13.5B	14.09B	15.35B	16.12B	18.04B	17.29B	15.11B
Accumulated OCI	-458M	878M	547M	-650M	354M	436M	-2.37B	-1.32B	-412M	124M
Treasury Stock	-170M	0	0	0	0	0	0	0	0	0
Preferred Stock	5.72B	5.53B	5.47B	5.46B	5.09B	3.08B	2.32B	1.7B	1.03B	745M

Cash Flow

	Sep 2016	Sep 2017	Sep 2018	Sep 2019	Sep 2020	Sep 2021	Sep 2022	Sep 2023	Sep 2024	Sep 2025
Cash from Operations+	5.57B	9.21B	12.71B	12.78B	10.44B	15.23B	18.85B	20.75B	19.95B	23.06B
Operating CF Growth %	-15.34%	65.2%	38.06%	0.56%	-18.34%	45.85%	23.79%	10.11%	-3.88%	15.58%
Net Income	5.99B	6.7B	10.3B	12.08B	10.87B	12.31B	14.96B	17.27B	19.74B	20.06B
Depreciation & Amortization	502M	556M	613M	656M	767M	804M	861M	943M	1.03B	1.22B
Deferred Taxes	-764M	1.7B	-1.28B	214M	307M	873M	-336M	-483M	-100M	152M
Other Non-Cash Items	3.15B	4.6B	5.41B	5.73B	6.48B	7.4B	10.42B	12.28B	13.86B	12.52B
Working Capital Changes	-3.53B	-4.58B	-2.66B	-6.3B	-8.4B	-6.7B	-7.66B	-10.02B	-15.43B	-11.79B
Cash from Investing+	-10.92B	735M	-3.08B	-591M	1.43B	-152M	-4.29B	-2.01B	-1.93B	708M
Purchase of Investments	-10.44B	-3.28B	-5.82B	-3.15B	-2.34B	-5.18B	-6.08B	-4.48B	-4.67B	-68M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	-9.08B	-302M	-196M	-699M	-77M	-75M	-1.95B	0	-915M	-887M
Other Investing	0	0	0	10M	72M	109M	128M	-25M	-93M	121M
Cash from Financing+	7.48B	-5.92B	-11.24B	-12.06B	-3.97B	-14.41B	-12.7B	-17.77B	-20.63B	-18.96B
Dividends Paid	-1.35B	-1.58B	-1.92B	-2.27B	-2.66B	-2.8B	-3.2B	-3.75B	-4.22B	-4.63B
Share Repurchases	-7.16B	-6.89B	-7.19B	-8.61B	-8.11B	-8.68B	-11.59B	-12.1B	-16.71B	-13.39B
Stock Issued	0	0	0	0	0	0	0	0	0	95M
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	1000K	-1000K	0	1000K	-1000K	1000K	-1000K	0	1000K
Other Financing	13M	58M	-380M	-1.19B	-402M	-144M	-122M	70M	297M	-4.96B
Net Change in Cash+	2.1B	4.25B	-1.71B	-145M	8.34B	628M	578M	1.61B	-2.23B	5.22B
Exchange Rate Effect	-1000K	1000K	-1000K	-1000K	1000K	-1000K	-1000K	1000K	1000K	1000K
Cash at Beginning	3.52B	5.62B	9.87B	10.98B	10.83B	19.17B	19.8B	20.38B	21.99B	19.76B
Cash at End	5.62B	9.87B	8.16B	10.83B	19.17B	19.8B	20.38B	21.99B	19.76B	24.99B
Interest Paid	244M	489M	545M	537M	537M	643M	607M	617M	583M	587M
Income Taxes Paid	2.84B	3.04B	2.29B	2.65B	2.67B	3.01B	3.74B	3.43B	5.78B	4.54B
Free Cash Flow+	5.05B	8.5B	11.99B	12.03B	9.7B	14.52B	17.88B	19.7B	18.69B	21.58B
FCF Growth %	-18.14%	68.3%	41.1%	0.28%	-19.32%	49.65%	23.12%	10.16%	-5.09%	15.43%

Banking Ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	19.09%	20.4%	30.86%	35.17%	30.65%	33.36%	40.88%	46.49%	50.71%	52.07%
Return on Assets (ROA)	11.59%	10.15%	15.02%	17.04%	14.16%	15.03%	17.76%	19.63%	21.34%	20.66%
Net Interest Margin	-0.67%	-0.83%	-0.88%	-0.73%	-0.64%	-0.62%	-0.63%	-0.71%	-0.68%	-0.59%
Efficiency Ratio	29.41%	16.16%	18.43%	16.59%	14.89%	13.82%	16.25%	15.58%	14.72%	20.38%
Equity / Assets	51.4%	48.19%	49.12%	47.79%	44.75%	45.34%	41.61%	42.8%	41.41%	38.05%
Book Value / Share	13.63	13.68	14.6	15.27	16.29	17.18	16.66	18.58	19.29	17.28
NII Growth	-14133.33%	-31.85%	-8.7%	12.91%	3.19%	0.58%	-4.87%	-19.7%	0.47%	8.11%
Dividend Payout	22.53%	23.57%	18.62%	18.78%	24.52%	22.73%	21.41%	21.72%	21.36%	23.1%

Visa Inc. (V) 10-Year Financial Performance & Capital Metrics

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Visa Inc. (V) 10-Year Financial Performance & Capital Metrics

Key Insights

✓Strengths

✗Weaknesses

Price & Volume

Growth Metrics

Revenue CAGR

Profit (Net Income) CAGR

EPS CAGR

ROCE

Peer Comparison

Compare V vs Peers

vs MA

vs AXP

Compare Top 5

Profit & Loss

Balance Sheet

Cash Flow

Banking Ratios

Deep Dive Analysis

Valuation Overview

Total Return Calculator

Dividend History

Earnings History

Price History

Revenue History

Financial Ratios