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VVisa Inc.
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V logoVisa Inc.(V)Earnings, Financials & Key Ratios

V•NYSE•Banking & Credit
32.1× P/E·Price updated Jun 19, 2026
SectorFinancial ServicesIndustryCredit ServicesSub-IndustryPayment 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 Equity52.07%+2.7%
  • Net Interest Margin-0.59%+12.8%
  • Efficiency Ratio20.38%+38.4%
  • ROA20.66%-3.2%
  • Equity / Assets38.05%-8.1%
  • Book Value per Share19.28

V Key Insights

Visa Inc. (V) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Excellent 3Y average ROE of 49.8%
  • ✓Efficient operations: 20.4% efficiency ratio
  • ✓18 consecutive years of dividend growth
  • ✓Well capitalized: 38.1% equity/assets
  • ✓Share count reduced 3.1% through buybacks
  • ✓Diversified revenue: 100.0% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -0.6%
  • ✗Expensive at 17.0x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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V Price & Volume

Visa Inc. (V) stock price & volume — 10-year historical chart

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V Growth Metrics

Visa Inc. (V) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years11.16%
5 Years12.86%
3 Years10.92%
TTM-

Profit CAGR

10 Years12.23%
5 Years13.04%
3 Years10.28%
TTM11.82%

EPS CAGR

10 Years14.74%
5 Years15.84%
3 Years13.37%
TTM15.38%

Return on Capital

10 Years26.43%
5 Years31.01%
3 Years34.29%
Last Year36.2%

V Recent Earnings

Visa Inc. (V) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
Apr 28, 2026
Metric
Actual
Est
EPS
$3.31+6.8%
$3.10
Rev
$11.2B+4.5%
$10.8B
Q1 2026
Jan 29, 2026
Metric
Actual
Est
EPS
$3.17+1.0%
$3.14
Rev
$10.9B+2.0%
$10.7B
Q4 2025
Oct 28, 2025
Metric
Actual
Est
EPS
$2.98+0.3%
$2.97
Rev
$10.7B+1.0%
$10.6B
Q3 2025
Jul 29, 2025
Metric
Actual
Est
EPS
$2.98+4.6%
$2.85
Rev
$10.2B+3.3%
$9.8B
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestApr 28, 2026
$3.31vs $3.10+6.8%
$11.2Bvs $10.8B+4.5%
Q1 2026Jan 29, 2026
$3.17vs $3.14+1.0%
$10.9Bvs $10.7B+2.0%
Q4 2025Oct 28, 2025
$2.98vs $2.97+0.3%
$10.7Bvs $10.6B+1.0%
Q3 2025Jul 29, 2025
$2.98vs $2.85+4.6%
$10.2Bvs $9.8B+3.3%
Based on last 12 quarters of dataView full earnings history →

V Peer Comparison

Visa Inc. (V) competitors in Payment Networks and Merchant Acquiring — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MA logoMAMastercard IncorporatedDirect Competitor433.57B489.7929.6516.42%45.88%205.79%2.45
AXP logoAXPAmerican Express CompanyDirect Competitor231.9B338.1621.998.44%13.61%33.95%1.73
PYPL logoPYPLPayPal Holdings, Inc.Direct Competitor37.5B42.517.864.32%15%25.08%0.49
FIS logoFISFidelity National Information Services, Inc.Product Competitor19.75B38.2150.955.43%22.91%18.45%0.29
FISV logoFISVFiserv, Inc.Product Competitor25.59B47.867.553.6%15.17%12.43%1.13
GPN logoGPNGlobal Payments Inc.Product Competitor15.83B66.8811.47-23.75%-7.99%-2.96%0.92
WEX logoWEXWEX Inc.Product Competitor4.42B127.5315.061.24%11.5%26.96%3.94
FLYW logoFLYWFlywire CorporationProduct Competitor1.89B15.85144.0926.59%6.65%5.87%

Compare V vs Peers

Visa Inc. (V) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MA

Most directly comparable listed peer for V.

Scale Benchmark

vs JPM

Larger-name benchmark to compare V against a more recognizable public peer.

Peer Set

Compare Top 5

vs MA, AXP, PYPL, FIS

V Income Statement

Visa Inc. (V) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Net Interest Income
-563M-612M-533M-516M-513M-538M-644M-641M-589M-1.01B
NII Growth %
-31.85%-8.7%12.91%3.19%0.58%-4.87%-19.7%0.47%8.11%-204.04%
Net Interest Margin %
-0.83%-0.88%-0.73%-0.64%-0.62%-0.63%-0.71%-0.68%-0.59%-1.06%
Interest Income
0000000000
Interest Expense
563M612M533M516M513M538M644M641M589M1.01B
Loan Loss Provision
2.69B3.24B3.63B4B4.46B5.2B5.92B6.4B7.27B7.04B
Non-Interest Income
18.36B20.61B22.98B21.85B24.11B29.31B32.65B35.93B40B43.03B
Non-Interest Income %
100%100%100%100%100%100%100%100%100%100%
Total Revenue
18.36B▲ 0%
20.61B▲ 12.3%
22.98B▲ 11.5%
21.85B▼ 4.9%
24.11B▲ 10.3%
29.31B▲ 21.6%
32.65B▲ 11.4%
35.93B▲ 10.0%
40B▲ 11.3%
43.03B▲ 0%
Revenue Growth %
21.72%12.26%11.49%-4.92%10.34%21.59%11.41%10.02%11.34%57.48%
Non-Interest Expense
2.97B3.8B3.81B3.25B3.33B4.76B5.09B5.29B8.15B8.68B
Efficiency Ratio
16.16%18.43%16.59%14.89%13.82%16.25%15.58%14.72%20.38%20.17%
Operating Income
12.14B▲ 0%
12.95B▲ 6.7%
15B▲ 15.8%
14.08B▼ 6.1%
15.8B▲ 12.2%
18.81B▲ 19.0%
21B▲ 11.6%
23.59B▲ 12.4%
23.99B▲ 1.7%
26.3B▲ 0%
Operating Margin %
66.15%62.86%65.29%64.46%65.56%64.19%64.31%65.68%59.98%61.12%
Operating Income Growth %
54.05%6.67%15.8%-6.13%12.24%19.04%11.62%12.36%1.69%-
Pretax Income
11.69B▲ 0%
12.81B▲ 9.5%
14.88B▲ 16.2%
13.79B▼ 7.4%
16.06B▲ 16.5%
18.14B▲ 12.9%
21.04B▲ 16.0%
23.92B▲ 13.7%
24.19B▲ 1.2%
26.46B▲ 0%
Pretax Margin %
63.7%62.14%64.78%63.12%66.64%61.88%64.43%66.57%60.48%61.49%
Income Tax
5B2.5B2.8B2.92B3.75B3.18B3.76B4.17B4.14B4.22B
Effective Tax Rate %
42.71%19.56%18.84%21.2%23.36%17.53%17.89%17.45%17.1%15.95%
Net Income
6.7B▲ 0%
10.3B▲ 53.8%
12.08B▲ 17.3%
10.87B▼ 10.0%
12.31B▲ 13.3%
14.96B▲ 21.5%
17.27B▲ 15.5%
19.74B▲ 14.3%
20.06B▲ 1.6%
22.24B▲ 0%
Net Margin %
36.49%49.98%52.57%49.74%51.07%51.03%52.9%54.95%50.14%51.68%
Net Income Growth %
11.82%53.77%17.27%-10.05%13.3%21.49%15.48%14.3%1.6%11.82%
Net Income (Continuing)
6.7B10.3B12.08B10.87B12.31B14.96B17.27B19.74B20.06B22.24B
EPS (Diluted)
2.80▲ 0%
4.42▲ 57.9%
5.32▲ 20.4%
4.89▼ 8.1%
5.63▲ 15.1%
7.00▲ 24.3%
8.28▲ 18.3%
9.73▲ 17.5%
10.20▲ 4.8%
11.50▲ 0%
EPS Growth %
12.9%57.86%20.36%-8.08%15.13%24.33%18.29%17.51%4.83%15.38%
EPS (Basic)
2.804.435.324.905.637.018.299.7410.22-
Diluted Shares Outstanding
2.4B2.33B2.27B2.22B2.19B2.14B2.08B2.03B1.97B1.93B

V Balance Sheet

Visa Inc. (V) balance sheet — assets, liabilities & shareholders' equity

MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash & Short Term Investments
13.44B11.71B12.07B20.04B18.51B18.52B20.13B15.18B21.99B68.49B
Cash & Due from Banks
9.87B8.16B7.84B16.29B16.49B15.69B16.29B11.97B20.15B12.4B
Short Term Investments
3.56B3.55B4.24B3.75B2.02B2.83B3.84B3.2B1.83B1.51B
Total Investments
5.49B7.63B6.39B3.98B3.73B4.97B5.76B5.75B2.83B1.82B
Investments Growth %
-24.28%38.96%-16.2%-37.7%-6.35%33.22%15.98%-0.31%-50.7%-192.66%
Long-Term Investments
1.93B4.08B2.16B231M1.71B2.14B1.92B2.54B999M2.99B
Accounts Receivables
1.13B1.21B1.54B1.62B1.97B2.02B2.29B2.56B3.13B3.4B
Goodwill & Intangibles
42.96B42.75B42.44B43.72B43.62B42.85B44.1B45.83B47.52B48.64B
Goodwill
15.11B15.19B15.66B15.91B15.96B17.79B18B18.94B19.88B20.89B
Intangible Assets
27.85B27.56B26.78B27.81B27.66B25.07B26.1B26.89B27.65B27.75B
PP&E (Net)
2.25B2.47B2.69B2.74B2.71B3.22B3.42B3.82B4.24B4.78B
Other Assets
1.82B1.7B4.32B6.59B7.25B7.08B7.39B8.28B9.1B9.7B
Total Current Assets
19.02B18.22B20.97B27.64B27.61B30.2B33.53B34.03B37.77B31.63B
Total Non-Current Assets
48.95B51.01B51.6B53.27B55.29B55.3B56.97B60.48B61.86B63.42B
Total Assets
67.98B▲ 0%
69.22B▲ 1.8%
72.57B▲ 4.8%
80.92B▲ 11.5%
82.9B▲ 2.4%
85.5B▲ 3.1%
90.5B▲ 5.8%
94.51B▲ 4.4%
99.63B▲ 5.4%
95.05B▲ 0%
Asset Growth %
6.16%1.84%4.84%11.5%2.44%3.14%5.85%4.43%5.41%23.01%
Return on Assets (ROA)
10.15%15.02%17.04%14.16%15.03%17.76%19.63%21.34%20.66%22.72%
Accounts Payable
179M183M156M174M266M340M375M479M555M557M
Total Debt
18.37B16.63B16.73B24.64B20.98B22.45B20.46B20.84B25.17B23.98B
Net Debt
8.49B8.47B8.89B8.35B4.49B6.76B4.18B8.86B5.02B11.57B
Long-Term Debt
16.62B16.63B16.73B21.07B19.98B20.2B20.46B20.84B19.6B22.42B
Short-Term Debt
1.75B003.11B999M2.25B005.57B1.56B
Other Liabilities
2.63B2.67B2.94B3.43B3.46B3.54B3.09B2.72B1.52B2B
Total Current Liabilities
9.99B11.3B13.41B14.51B15.74B20.85B23.1B26.52B35.05B29.08B
Total Non-Current Liabilities
25.22B23.91B24.48B30.2B29.57B29.07B28.67B28.86B26.67B30.31B
Total Liabilities
35.22B35.22B37.89B44.71B45.31B49.92B51.77B55.37B61.72B59.39B
Total Equity
32.76B▲ 0%
34.01B▲ 3.8%
34.68B▲ 2.0%
36.21B▲ 4.4%
37.59B▲ 3.8%
35.58B▼ 5.3%
38.73B▲ 8.9%
39.14B▲ 1.0%
37.91B▼ 3.1%
35.66B▲ 0%
Equity Growth %
-0.46%3.8%1.99%4.4%3.81%-5.34%8.86%1.04%-3.14%-10.79%
Equity / Assets (Capital Ratio)
48.19%49.12%47.79%44.75%45.34%41.61%42.8%41.41%38.05%37.52%
Return on Equity (ROE)
20.4%30.86%35.17%30.65%33.36%40.88%46.49%50.71%52.07%58.9%
Book Value per Share
13.6814.6015.2716.2917.1816.6618.5819.2919.2818.45
Tangible BV per Share
-4.26-3.76-3.41-3.38-2.76-3.40-2.57-3.30-4.89-6.71
Common Stock
000021.93B00000
Additional Paid-in Capital
16.9B16.68B16.54B16.72B18.86B19.55B20.45B21.23B21.93B0
Retained Earnings
9.51B11.32B13.5B14.09B15.35B16.12B18.04B17.29B15.11B13.12B
Accumulated OCI
878M547M-650M354M436M-2.37B-1.32B-412M124M22M
Treasury Stock
0000000000
Preferred Stock
5.53B5.47B5.46B5.09B3.08B2.32B1.7B1.03B745M528M

V Cash Flow Statement

Visa Inc. (V) cash flow — operating, investing & free cash flow history

MetricSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash from Operations
9.21B12.71B12.78B10.44B15.23B18.85B20.75B19.95B23.06B22.76B
Operating CF Growth %
65.2%38.06%0.56%-18.34%45.85%23.79%10.11%-3.88%15.58%14.41%
Net Income
6.7B10.3B12.08B10.87B12.31B14.96B17.27B19.74B20.06B22.24B
Depreciation & Amortization
556M613M656M767M804M861M943M1.03B1.22B1.29B
Deferred Taxes
1.7B-1.28B214M307M873M-336M-483M-100M152M256M
Other Non-Cash Items
4.6B5.41B5.73B6.48B7.4B10.42B12.28B13.86B12.52B16.76B
Working Capital Changes
-4.58B-2.66B-6.3B-8.4B-6.7B-7.66B-10.02B-15.43B-11.79B-18.71B
Cash from Investing
735M-3.08B-591M1.43B-152M-4.29B-2.01B-1.93B708M-469M
Purchase of Investments
-3.28B-5.82B-3.15B-2.34B-5.18B-6.08B-4.48B-4.67B-68M-99M
Sale/Maturity of Investments
5.02B3.64B4.01B4.51B5.7B4.58B3.56B5.01B3.02B1.78B
Net Investment Activity
1.73B-2.18B854M2.17B519M-1.5B-922M339M2.96B1.68B
Acquisitions
-302M-196M-699M-77M-75M-1.95B0-915M-887M-705M
Other Investing
0010M72M109M128M-25M-93M121M125M
Cash from Financing
-5.92B-11.24B-12.06B-3.97B-14.41B-12.7B-17.77B-20.63B-18.96B-23.22B
Dividends Paid
-1.58B-1.92B-2.27B-2.66B-2.8B-3.2B-3.75B-4.22B-4.63B-4.88B
Share Repurchases
-6.89B-7.19B-8.61B-8.11B-8.68B-11.59B-12.1B-16.71B-13.39B-21.33B
Stock Issued
0000000095M150M
Net Stock Activity
-6.89B-7.19B-8.61B-8.11B-8.68B-11.59B-12.1B-16.71B-13.29B-21.18B
Debt Issuance (Net)
1000K-1000K01000K-1000K1000K-1000K01000K1000K
Other Financing
58M-380M-1.19B-402M-144M-122M70M297M-4.96B-156M
Net Change in Cash
4.25B▲ 0%
-1.71B▼ 140.2%
-145M▲ 91.5%
8.34B▲ 5851.0%
628M▼ 92.5%
578M▼ 8.0%
1.61B▲ 179.1%
-2.23B▼ 238.1%
5.22B▲ 334.6%
-1.65B▲ 0%
Exchange Rate Effect
236M-101M-277M440M-37M-1.29B636M382M420M-712M
Cash at Beginning
5.62B9.87B10.98B10.83B19.17B19.8B20.38B21.99B19.76B23.18B
Cash at End
9.87B8.16B10.83B19.17B19.8B20.38B21.99B19.76B24.99B18.71B
Interest Paid
489M545M537M537M643M607M617M583M587M-261M
Income Taxes Paid
3.04B2.29B2.65B2.67B3.01B3.74B3.43B5.78B4.54B-3.06B
Free Cash Flow
8.5B▲ 0%
11.99B▲ 41.1%
12.03B▲ 0.3%
9.7B▼ 19.3%
14.52B▲ 49.6%
17.88B▲ 23.1%
19.7B▲ 10.2%
18.69B▼ 5.1%
21.58B▲ 15.4%
21.18B▲ 0%
FCF Growth %
68.3%41.1%0.28%-19.32%49.65%23.12%10.16%-5.09%15.43%3.3%

V Banking Ratios

Visa Inc. (V) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201720182019202020212022202320242025TTM
Return on Equity (ROE)
20.4%30.86%35.17%30.65%33.36%40.88%46.49%50.71%52.07%58.9%
Return on Assets (ROA)
10.15%15.02%17.04%14.16%15.03%17.76%19.63%21.34%20.66%22.72%
Net Interest Margin
-0.83%-0.88%-0.73%-0.64%-0.62%-0.63%-0.71%-0.68%-0.59%-1.06%
Efficiency Ratio
16.16%18.43%16.59%14.89%13.82%16.25%15.58%14.72%20.38%20.17%
Equity / Assets
48.19%49.12%47.79%44.75%45.34%41.61%42.8%41.41%38.05%37.52%
Book Value / Share
13.6814.615.2716.2917.1816.6618.5819.2919.2818.45
NII Growth
-31.85%-8.7%12.91%3.19%0.58%-4.87%-19.7%0.47%8.11%-41.71%
Dividend Payout
23.57%18.62%18.78%24.52%22.73%21.41%21.72%21.36%23.1%21.94%
Related:V Dividend History·V Revenue History·V Price History·V P/E History·V Financial Ratios·V Institutional Holders

V SEC Filings & Documents

Visa Inc. (V) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Feb 27, 2026·SEC

Material company update

Feb 13, 2026·SEC

10-K Annual Reports

2
FY 2025

Nov 6, 2025·SEC

FY 2024

Nov 13, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Apr 29, 2026·SEC

FY 2026

Jan 30, 2026·SEC

FY 2025

Jul 30, 2025·SEC

V Frequently Asked Questions

Visa Inc. (V) stock FAQ — growth, dividends, profitability & financials explained

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 $22.24B in net income for fiscal year 2025 (50.1% net margin).

Dividend & Returns

Yes, Visa Inc. (V) pays a dividend with a yield of 0.72%. 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.

What if you invested $1,000 in V back in 2005?

Total return calculator · dividends reinvested · 21+ years of data

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How much would $100/month in V be worth today?

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