8-K Announcements
6Apr 28, 2026·SEC
Feb 27, 2026·SEC
Feb 13, 2026·SEC
Visa Inc. (V) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Visa Inc. (V) stock price & volume — 10-year historical chart
Visa Inc. (V) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Visa Inc. (V) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 28, 2026 | $3.31vs $3.10+6.8% | $11.2Bvs $10.8B+4.5% |
| Q1 2026 | Jan 29, 2026 | $3.17vs $3.14+1.0% | $10.9Bvs $10.7B+2.0% |
| Q4 2025 | Oct 28, 2025 | $2.98vs $2.97+0.3% | $10.7Bvs $10.6B+1.0% |
| Q3 2025 | Jul 29, 2025 | $2.98vs $2.85+4.6% | $10.2Bvs $9.8B+3.3% |
Visa Inc. (V) competitors in Payment Networks and Merchant Acquiring — business model, growth, and fundamentals comparison
Visa Inc. (V) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Visa Inc. (V) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 563M | 612M | 533M | 516M | 513M | 538M | 644M | 641M | 589M | 1.01B |
| Loan Loss Provision | 2.69B | 3.24B | 3.63B | 4B | 4.46B | 5.2B | 5.92B | 6.4B | 7.27B | 7.04B |
| Non-Interest Income | 18.36B | 20.61B | 22.98B | 21.85B | 24.11B | 29.31B | 32.65B | 35.93B | 40B | 43.03B |
| 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 | 2.97B | 3.8B | 3.81B | 3.25B | 3.33B | 4.76B | 5.09B | 5.29B | 8.15B | 8.68B |
| 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 | 5B | 2.5B | 2.8B | 2.92B | 3.75B | 3.18B | 3.76B | 4.17B | 4.14B | 4.22B |
| 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) | 6.7B | 10.3B | 12.08B | 10.87B | 12.31B | 14.96B | 17.27B | 19.74B | 20.06B | 22.24B |
| 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) | 2.80 | 4.43 | 5.32 | 4.90 | 5.63 | 7.01 | 8.29 | 9.74 | 10.22 | - |
| Diluted Shares Outstanding | 2.4B | 2.33B | 2.27B | 2.22B | 2.19B | 2.14B | 2.08B | 2.03B | 1.97B | 1.93B |
Visa Inc. (V) balance sheet — assets, liabilities & shareholders' equity
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Short Term Investments | 13.44B | 11.71B | 12.07B | 20.04B | 18.51B | 18.52B | 20.13B | 15.18B | 21.99B | 68.49B |
| Cash & Due from Banks | 9.87B | 8.16B | 7.84B | 16.29B | 16.49B | 15.69B | 16.29B | 11.97B | 20.15B | 12.4B |
| Short Term Investments | 3.56B | 3.55B | 4.24B | 3.75B | 2.02B | 2.83B | 3.84B | 3.2B | 1.83B | 1.51B |
| Total Investments | 5.49B | 7.63B | 6.39B | 3.98B | 3.73B | 4.97B | 5.76B | 5.75B | 2.83B | 1.82B |
| 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 | 1.93B | 4.08B | 2.16B | 231M | 1.71B | 2.14B | 1.92B | 2.54B | 999M | 2.99B |
| Accounts Receivables | 1.13B | 1.21B | 1.54B | 1.62B | 1.97B | 2.02B | 2.29B | 2.56B | 3.13B | 3.4B |
| Goodwill & Intangibles | 42.96B | 42.75B | 42.44B | 43.72B | 43.62B | 42.85B | 44.1B | 45.83B | 47.52B | 48.64B |
| Goodwill | 15.11B | 15.19B | 15.66B | 15.91B | 15.96B | 17.79B | 18B | 18.94B | 19.88B | 20.89B |
| Intangible Assets | 27.85B | 27.56B | 26.78B | 27.81B | 27.66B | 25.07B | 26.1B | 26.89B | 27.65B | 27.75B |
| PP&E (Net) | 2.25B | 2.47B | 2.69B | 2.74B | 2.71B | 3.22B | 3.42B | 3.82B | 4.24B | 4.78B |
| Other Assets | 1.82B | 1.7B | 4.32B | 6.59B | 7.25B | 7.08B | 7.39B | 8.28B | 9.1B | 9.7B |
| Total Current Assets | 19.02B | 18.22B | 20.97B | 27.64B | 27.61B | 30.2B | 33.53B | 34.03B | 37.77B | 31.63B |
| Total Non-Current Assets | 48.95B | 51.01B | 51.6B | 53.27B | 55.29B | 55.3B | 56.97B | 60.48B | 61.86B | 63.42B |
| 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 | 179M | 183M | 156M | 174M | 266M | 340M | 375M | 479M | 555M | 557M |
| Total Debt | 18.37B | 16.63B | 16.73B | 24.64B | 20.98B | 22.45B | 20.46B | 20.84B | 25.17B | 23.98B |
| Net Debt | 8.49B | 8.47B | 8.89B | 8.35B | 4.49B | 6.76B | 4.18B | 8.86B | 5.02B | 11.57B |
| Long-Term Debt | 16.62B | 16.63B | 16.73B | 21.07B | 19.98B | 20.2B | 20.46B | 20.84B | 19.6B | 22.42B |
| Short-Term Debt | 1.75B | 0 | 0 | 3.11B | 999M | 2.25B | 0 | 0 | 5.57B | 1.56B |
| Other Liabilities | 2.63B | 2.67B | 2.94B | 3.43B | 3.46B | 3.54B | 3.09B | 2.72B | 1.52B | 2B |
| Total Current Liabilities | 9.99B | 11.3B | 13.41B | 14.51B | 15.74B | 20.85B | 23.1B | 26.52B | 35.05B | 29.08B |
| Total Non-Current Liabilities | 25.22B | 23.91B | 24.48B | 30.2B | 29.57B | 29.07B | 28.67B | 28.86B | 26.67B | 30.31B |
| Total Liabilities | 35.22B | 35.22B | 37.89B | 44.71B | 45.31B | 49.92B | 51.77B | 55.37B | 61.72B | 59.39B |
| 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 | 13.68 | 14.60 | 15.27 | 16.29 | 17.18 | 16.66 | 18.58 | 19.29 | 19.28 | 18.45 |
| 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 | 0 | 0 | 0 | 0 | 21.93B | 0 | 0 | 0 | 0 | 0 |
| Additional Paid-in Capital | 16.9B | 16.68B | 16.54B | 16.72B | 18.86B | 19.55B | 20.45B | 21.23B | 21.93B | 0 |
| Retained Earnings | 9.51B | 11.32B | 13.5B | 14.09B | 15.35B | 16.12B | 18.04B | 17.29B | 15.11B | 13.12B |
| Accumulated OCI | 878M | 547M | -650M | 354M | 436M | -2.37B | -1.32B | -412M | 124M | 22M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 5.53B | 5.47B | 5.46B | 5.09B | 3.08B | 2.32B | 1.7B | 1.03B | 745M | 528M |
Visa Inc. (V) cash flow — operating, investing & free cash flow history
| Line item | Sep'17 | Sep'18 | Sep'19 | Sep'20 | Sep'21 | Sep'22 | Sep'23 | Sep'24 | Sep'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 9.21B | 12.71B | 12.78B | 10.44B | 15.23B | 18.85B | 20.75B | 19.95B | 23.06B | 23.06B |
| Operating CF Growth % | 65.2% | 38.06% | 0.56% | -18.34% | 45.85% | 23.79% | 10.11% | -3.88% | 15.58% | 14.41% |
| Net Income | 6.7B | 10.3B | 12.08B | 10.87B | 12.31B | 14.96B | 17.27B | 19.74B | 20.06B | 22.24B |
| Depreciation & Amortization | 556M | 613M | 656M | 767M | 804M | 861M | 943M | 1.03B | 1.22B | 1.29B |
| Deferred Taxes | 1.7B | -1.28B | 214M | 307M | 873M | -336M | -483M | -100M | 152M | 256M |
| Other Non-Cash Items | 4.6B | 5.41B | 5.73B | 6.48B | 7.4B | 10.42B | 12.28B | 13.86B | 12.52B | 16.76B |
| 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 | -591M | 1.43B | -152M | -4.29B | -2.01B | -1.93B | 708M | -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 | 5.02B | 3.64B | 4.01B | 4.51B | 5.7B | 4.58B | 3.56B | 5.01B | 3.02B | 1.78B |
| Net Investment Activity | 1.73B | -2.18B | 854M | 2.17B | 519M | -1.5B | -922M | 339M | 2.96B | 1.68B |
| Acquisitions | -302M | -196M | -699M | -77M | -75M | -1.95B | 0 | -915M | -887M | -705M |
| Other Investing | 0 | 0 | 10M | 72M | 109M | 128M | -25M | -93M | 121M | 125M |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 95M | 150M |
| 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 | -1000K | 0 | 1000K | -1000K | 1000K | -1000K | 0 | 1000K | 1000K |
| Other Financing | 58M | -380M | -1.19B | -402M | -144M | -122M | 70M | 297M | -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 | -277M | 440M | -37M | -1.29B | 636M | 382M | 420M | -712M |
| Cash at Beginning | 5.62B | 9.87B | 10.98B | 10.83B | 19.17B | 19.8B | 20.38B | 21.99B | 19.76B | 23.18B |
| Cash at End | 9.87B | 8.16B | 10.83B | 19.17B | 19.8B | 20.38B | 21.99B | 19.76B | 24.99B | 18.71B |
| Interest Paid | 489M | 545M | 537M | 537M | 643M | 607M | 617M | 583M | 587M | -261M |
| Income Taxes Paid | 3.04B | 2.29B | 2.65B | 2.67B | 3.01B | 3.74B | 3.43B | 5.78B | 4.54B | -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% |
Visa Inc. (V) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 13.68 | 14.6 | 15.27 | 16.29 | 17.18 | 16.66 | 18.58 | 19.29 | 19.28 | 18.45 |
| 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% |
Visa Inc. (V) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 28, 2026·SEC
Feb 27, 2026·SEC
Feb 13, 2026·SEC
Visa Inc. (V) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
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.
Visa Inc. (V) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates