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

V•NYSE•Banking & Credit
$322.03
$617.8B mkt cap·31.6× P/E·Price updated May 6, 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
  • Tangible BV/Share-4.89-48.3%
  • Debt/Equity0.66+24.7%
Analysis→Technical→

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
  • ✓15 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 16.7x book value

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

V Price & Volume

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

Loading chart...

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
EPS
$3.31
Est $3.10
+6.8%
Revenue
$11.2B
Est $10.8B
+4.5%
Q1 2026
Jan 29, 2026
EPS
$3.17
Est $3.14
+1.0%
Revenue
$10.9B
Est $10.7B
+2.0%
Q4 2025
Oct 28, 2025
EPS
$2.98
Est $2.97
+0.3%
Revenue
$10.7B
Est $10.6B
+1.0%
Q3 2025
Jul 29, 2025
EPS
$2.98
Est $2.85
+4.6%
Revenue
$10.2B
Est $9.8B
+3.3%
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
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MA logoMAMastercard IncorporatedDirect Competitor440.02B497.0830.0916.42%45.65%205.79%3.84%2.45
AXP logoAXPAmerican Express CompanyDirect Competitor216.67B315.9520.548.44%13.46%33.95%7.39%1.73
PYPL logoPYPLPayPal Holdings, Inc.Direct Competitor42.76B46.488.594.32%15.78%25.08%13.01%0.49
FIS logoFISFidelity National Information Services, Inc.Product Competitor24.14B46.6162.155.43%3.51%2.75%10.17%0.29
FISV logoFISVFiserv, Inc.Product Competitor30.63B57.289.033.6%15.17%12.43%14.17%1.13
GPN logoGPNGlobal Payments Inc.Product Competitor16.44B69.4711.92-23.75%16.92%5.89%12.4%0.92
WEX logoWEXWEX Inc.Product Competitor5.1B147.2317.381.24%11.5%26.96%6.15%3.94
FLYW logoFLYWFlywire CorporationProduct Competitor1.73B14.53132.0926.59%6.65%5.87%5.7%

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
Line itemSep'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 Income0000000000
Interest Expense563M612M533M516M513M538M644M641M589M1.01B
Loan Loss Provision2.69B3.24B3.63B4B4.46B5.2B5.92B6.4B7.27B7.04B
Non-Interest Income18.36B20.61B22.98B21.85B24.11B29.31B32.65B35.93B40B43.03B
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 Expense2.97B3.8B3.81B3.25B3.33B4.76B5.09B5.29B8.15B8.68B
Efficiency Ratio16.16%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 Tax5B2.5B2.8B2.92B3.75B3.18B3.76B4.17B4.14B4.22B
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 Outstanding2.4B2.33B2.27B2.22B2.19B2.14B2.08B2.03B1.97B1.93B

V Balance Sheet

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

Line itemSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash & Short Term Investments13.44B11.71B12.07B20.04B18.51B18.52B20.13B15.18B21.99B68.49B
Cash & Due from Banks9.87B8.16B7.84B16.29B16.49B15.69B16.29B11.97B20.15B12.4B
Short Term Investments3.56B3.55B4.24B3.75B2.02B2.83B3.84B3.2B1.83B1.51B
Total Investments5.49B7.63B6.39B3.98B3.73B4.97B5.76B5.75B2.83B1.82B
Investments Growth %-24.28%38.96%-16.2%-37.7%-6.35%33.22%15.98%-0.31%-50.7%-192.66%
Long-Term Investments1.93B4.08B2.16B231M1.71B2.14B1.92B2.54B999M2.99B
Accounts Receivables1.13B1.21B1.54B1.62B1.97B2.02B2.29B2.56B3.13B3.4B
Goodwill & Intangibles42.96B42.75B42.44B43.72B43.62B42.85B44.1B45.83B47.52B48.64B
Goodwill15.11B15.19B15.66B15.91B15.96B17.79B18B18.94B19.88B20.89B
Intangible Assets27.85B27.56B26.78B27.81B27.66B25.07B26.1B26.89B27.65B27.75B
PP&E (Net)2.25B2.47B2.69B2.74B2.71B3.22B3.42B3.82B4.24B4.78B
Other Assets1.82B1.7B4.32B6.59B7.25B7.08B7.39B8.28B9.1B9.7B
Total Current Assets19.02B18.22B20.97B27.64B27.61B30.2B33.53B34.03B37.77B31.63B
Total Non-Current Assets48.95B51.01B51.6B53.27B55.29B55.3B56.97B60.48B61.86B63.42B
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 Payable179M183M156M174M266M340M375M479M555M557M
Total Debt18.37B16.63B16.73B24.64B20.98B22.45B20.46B20.84B25.17B23.98B
Net Debt8.49B8.47B8.89B8.35B4.49B6.76B4.18B8.86B5.02B11.57B
Long-Term Debt16.62B16.63B16.73B21.07B19.98B20.2B20.46B20.84B19.6B22.42B
Short-Term Debt1.75B003.11B999M2.25B005.57B1.56B
Other Liabilities2.63B2.67B2.94B3.43B3.46B3.54B3.09B2.72B1.52B2B
Total Current Liabilities9.99B11.3B13.41B14.51B15.74B20.85B23.1B26.52B35.05B29.08B
Total Non-Current Liabilities25.22B23.91B24.48B30.2B29.57B29.07B28.67B28.86B26.67B30.31B
Total Liabilities35.22B35.22B37.89B44.71B45.31B49.92B51.77B55.37B61.72B59.39B
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 Share13.6814.6015.2716.2917.1816.6618.5819.2919.2818.45
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 Stock000021.93B00000
Additional Paid-in Capital16.9B16.68B16.54B16.72B18.86B19.55B20.45B21.23B21.93B0
Retained Earnings9.51B11.32B13.5B14.09B15.35B16.12B18.04B17.29B15.11B13.12B
Accumulated OCI878M547M-650M354M436M-2.37B-1.32B-412M124M22M
Treasury Stock0000000000
Preferred Stock5.53B5.47B5.46B5.09B3.08B2.32B1.7B1.03B745M528M

V Cash Flow Statement

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

Line itemSep'17Sep'18Sep'19Sep'20Sep'21Sep'22Sep'23Sep'24Sep'25TTM
Cash from Operations9.21B12.71B12.78B10.44B15.23B18.85B20.75B19.95B23.06B23.06B
Operating CF Growth %65.2%38.06%0.56%-18.34%45.85%23.79%10.11%-3.88%15.58%14.41%
Net Income6.7B10.3B12.08B10.87B12.31B14.96B17.27B19.74B20.06B22.24B
Depreciation & Amortization556M613M656M767M804M861M943M1.03B1.22B1.29B
Deferred Taxes1.7B-1.28B214M307M873M-336M-483M-100M152M256M
Other Non-Cash Items4.6B5.41B5.73B6.48B7.4B10.42B12.28B13.86B12.52B16.76B
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 Investing735M-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 Investments5.02B3.64B4.01B4.51B5.7B4.58B3.56B5.01B3.02B1.78B
Net Investment Activity1.73B-2.18B854M2.17B519M-1.5B-922M339M2.96B1.68B
Acquisitions-302M-196M-699M-77M-75M-1.95B0-915M-887M-705M
Other Investing0010M72M109M128M-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 Issued0000000095M150M
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 Financing58M-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 Effect236M-101M-277M440M-37M-1.29B636M382M420M-712M
Cash at Beginning5.62B9.87B10.98B10.83B19.17B19.8B20.38B21.99B19.76B23.18B
Cash at End9.87B8.16B10.83B19.17B19.8B20.38B21.99B19.76B24.99B18.71B
Interest Paid489M545M537M537M643M607M617M583M587M-261M
Income Taxes Paid3.04B2.29B2.65B2.67B3.01B3.74B3.43B5.78B4.54B-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 Ratio16.16%18.43%16.59%14.89%13.82%16.25%15.58%14.72%20.38%20.17%
Equity / Assets48.19%49.12%47.79%44.75%45.34%41.61%42.8%41.41%38.05%37.52%
Book Value / Share13.6814.615.2716.2917.1816.6618.5819.2919.2818.45
NII Growth-31.85%-8.7%12.91%3.19%0.58%-4.87%-19.7%0.47%8.11%-41.71%
Dividend Payout23.57%18.62%18.78%24.52%22.73%21.41%21.72%21.36%23.1%21.94%

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 0.73%. 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.

Explore More V

Visa Inc. (V) financial analysis — history, returns, DCA and operating performance tools

Full V Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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