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

V • • Banking & Credit

Financial ServicesCredit ServicesPayment Processing & Digital PaymentsPayment Networks & Processors

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 19.0x 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%

TTM1.6%

EPS CAGR

10Y14.74%

5Y15.84%

3Y13.37%

TTM4.93%

ROCE

10Y Avg26.43%

5Y Avg31.01%

3Y Avg34.29%

Latest36.2%

Peer Comparison

Payment Networks & Processors

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
MAMastercard Incorporated	485.73B	544.99	39.24	12.23%	45.71%	179.61%	2.95%	2.80
VVisa Inc.	552.73B	327.88	32.15	11.34%	50.14%	52.91%	3.9%	0.66
PMTSCPI Card Group Inc.	155.1M	13.62	8.30	8.11%	4.06%		21.96%

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 %	-141.33%	-0.32%	-0.09%	0.13%	0.03%	0.01%	-0.05%	-0.2%	0%	0.08%
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 %	0.09%	0.22%	0.12%	0.11%	-0.05%	0.1%	0.22%	0.11%	0.1%	0.11%
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 %	-0.13%	0.54%	0.07%	0.16%	-0.06%	0.12%	0.19%	0.12%	0.12%	0.02%
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 %	-0.05%	0.12%	0.54%	0.17%	-0.1%	0.13%	0.21%	0.15%	0.14%	0.02%
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 %	-0.04%	0.13%	0.58%	0.2%	-0.08%	0.15%	0.24%	0.18%	0.18%	0.05%
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+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
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	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	7.25B	5.49B	7.63B	6.39B	3.98B	3.73B	4.97B	5.76B	5.75B	2.83B
Investments Growth %	0.23%	-0.24%	0.39%	-0.16%	-0.38%	-0.06%	0.33%	0.16%	-0%	-0.51%
Long-Term Investments	3.93B	1.93B	4.08B	2.16B	231M	1.71B	2.14B	1.92B	2.54B	999M
Accounts Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
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 %	0.63%	0.06%	0.02%	0.05%	0.11%	0.02%	0.03%	0.06%	0.04%	0.05%
Return on Assets (ROA)	0.12%	0.1%	0.15%	0.17%	0.14%	0.15%	0.18%	0.2%	0.21%	0.21%
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	20.98B	20.84B	25.17B
Net Debt	10.26B	8.49B	8.47B	8.89B	8.35B	4.49B	6.76B	4.7B	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	2.68B	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 %	0.1%	-0%	0.04%	0.02%	0.04%	0.04%	-0.05%	0.09%	0.01%	-0.03%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.19%	0.2%	0.31%	0.35%	0.31%	0.33%	0.41%	0.46%	0.51%	0.52%
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	21.87B	0	0	0
Additional Paid-in Capital	17.39B	16.9B	16.68B	16.54B	16.72B	18.86B	0	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 %	-0.15%	0.65%	0.38%	0.01%	-0.18%	0.46%	0.24%	0.1%	-0.04%	0.16%
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	0
Income Taxes Paid	2.84B	3.04B	2.29B	2.65B	2.67B	3.01B	3.74B	3.43B	5.78B	0
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 %	-0.18%	0.68%	0.41%	0%	-0.19%	0.5%	0.23%	0.1%	-0.05%	0.15%

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%

Revenue by Segment

	2019	2020	2021	2022	2023	2024	2025
Data Processing Revenues	10.33B	10.97B	12.79B	14.44B	16.01B	17.71B	19.99B
Data Processing Revenues Growth	-	6.21%	16.56%	12.87%	10.87%	10.66%	12.87%
Service	9.7B	9.8B	11.47B	13.36B	14.83B	16.11B	17.54B
Service Growth	-	1.07%	17.04%	16.44%	10.96%	8.69%	8.84%
International Transaction Revenues	7.8B	6.3B	6.53B	9.81B	11.64B	12.66B	14.17B
International Transaction Revenues Growth	-	-19.28%	3.67%	50.31%	18.57%	8.82%	11.85%
Service, Other	1.31B	1.43B	1.68B	1.99B	2.48B	3.2B	4.05B
Service, Other Growth	-	9.06%	16.97%	18.87%	24.51%	28.96%	26.78%
Client Incentives	-6.17B	-6.66B	-8.37B	-10.29B	-12.3B	-13.76B	-15.75B
Client Incentives Growth	-	-7.95%	-25.56%	-23.04%	-19.45%	-11.93%	-14.44%

Revenue by Geography

	2019	2020	2021	2022	2023	2024	2025
Non-US	12.7B	11.72B	12.95B	16.46B	18.52B	21.15B	24.37B
Non-US Growth	-	-7.69%	10.44%	27.15%	12.49%	14.21%	15.23%
UNITED STATES	10.28B	10.13B	11.16B	12.85B	14.14B	14.78B	15.63B
UNITED STATES Growth	-	-1.50%	10.22%	15.15%	10.01%	4.54%	5.77%

Frequently Asked Questions

Valuation & Price

Visa Inc. (V) has a price-to-earnings (P/E) ratio of 32.1x. This suggests investors expect higher future growth.

Growth & Financials

Visa Inc. (V) grew revenue by 11.3% over the past year. This is steady growth.

Yes, Visa Inc. (V) is profitable, generating $20.06B in net income for fiscal year 2025 (50.1% net margin).

Dividend & Returns

Yes, Visa Inc. (V) pays a dividend with a yield of 0.64%. This makes it attractive for income-focused investors.

Visa Inc. (V) has a return on equity (ROE) of 52.1%. This is excellent, indicating efficient use of shareholder capital.

Industry Metrics

Visa Inc. (V) has a net interest margin (NIM) of -0.6%. NIM has been under pressure due to interest rate environment.

Visa Inc. (V) has an efficiency ratio of 20.4%. This is excellent, indicating strong cost control.

US Stock Screener

...