Last 48 quarters of trend data · Financial Services · Financial - Credit Services
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
Visa Inc.'s quarterly P/E stands at 32.8x, up 7.2% year-over-year. EV/EBITDA has expanded 12.6% YoY to 27.5x, reflecting rising market expectations or slowing EBITDA growth.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 31.39 | 32.84 | 32.95 | 33.00 | 37.77 | 30.62 | 25.94 | 27.34 | 30.47 | 27.23 | 25.33 | 29.68 | 27.77 |
| — | +7.2% | +27.0% | +20.7% | +24.0% | +12.5% | +2.4% | -7.9% | +9.7% | +4.3% | +6.1% | -3.5% | -14.9% | |
| P/S Ratio | 0.07 | 17.65 | 17.29 | 17.09 | 18.03 | 16.49 | 14.32 | 14.96 | 16.21 | 15.42 | 13.79 | 15.20 | 14.77 |
| — | +7.0% | +20.8% | +14.3% | +11.2% | +7.0% | +3.8% | -1.6% | +9.7% | +12.1% | +14.3% | +5.5% | -10.6% | |
| P/B Ratio | 18.53 | 19.84 | 19.57 | 17.99 | 18.19 | 16.38 | 14.07 | 13.40 | 14.06 | 13.40 | 12.26 | 12.67 | 12.24 |
| — | +21.1% | +39.1% | +34.2% | +29.4% | +22.3% | +14.8% | +5.8% | +14.9% | +13.3% | +16.1% | +7.3% | -7.3% | |
| P/FCF | 0.13 | 30.05 | 31.71 | 27.56 | 39.60 | 31.05 | 21.67 | 28.12 | 33.42 | 39.77 | 17.93 | 22.44 | 32.32 |
| — | -3.2% | +46.4% | -2.0% | +18.5% | -21.9% | +20.8% | +25.3% | +3.4% | +42.9% | +6.5% | +7.5% | -12.3% | |
| EV / EBITDA | 0.31 | 27.46 | 29.00 | 27.09 | 30.52 | 24.39 | 21.12 | 21.78 | 25.73 | 21.75 | 20.66 | 23.72 | 21.48 |
| — | +12.6% | +37.3% | +24.4% | +18.6% | +12.1% | +2.2% | -8.2% | +19.8% | +4.2% | +14.8% | -3.2% | -11.0% | |
| EV / EBIT | 0.33 | 29.70 | 29.14 | 27.60 | 31.31 | 24.90 | 21.36 | 21.84 | 25.77 | 21.65 | 20.59 | 23.41 | 22.08 |
| — | +19.3% | +36.4% | +26.4% | +21.5% | +15.0% | +3.8% | -6.7% | +16.7% | -0.2% | +8.2% | -14.0% | -14.6% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Visa Inc.'s operating margin was 61.8% in Q1 2026, up 4.5 pp QoQ and down 3.8 pp YoY. The trailing four-quarter average of 59.1% lags the current quarter, suggesting the recent improvement is above-trend.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 80.4% | 80.1% | 81.5% | 80.6% | 80.4% | 78.8% | 81.1% | 80.1% | 79.6% | 80.8% | 80.3% | 79.5% | 78.8% |
| — | +1.6% | +0.5% | +0.7% | +1.0% | -2.5% | +1.0% | +0.7% | +1.0% | -0.2% | +0.1% | -0.5% | -1.9% | |
| Operating Margin | 60.0% | 61.8% | 57.3% | 60.7% | 56.6% | 65.6% | 66.0% | 66.7% | 61.0% | 69.0% | 64.5% | 61.8% | 66.8% |
| — | -5.7% | -13.2% | -9.0% | -7.2% | -4.9% | +2.4% | +7.9% | -8.7% | +7.5% | -1.3% | +8.5% | +0.0% | |
| Net Margin | 50.1% | 53.7% | 47.5% | 51.8% | 47.7% | 53.8% | 55.3% | 54.7% | 53.1% | 56.6% | 54.4% | 51.2% | 53.3% |
| — | -0.3% | -14.2% | -5.3% | -10.2% | -5.0% | +1.7% | +7.0% | -0.3% | +7.6% | +7.5% | +9.1% | +5.1% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 52.1% | 15.3% | 13.3% | 13.7% | 12.0% | 13.2% | 13.5% | 12.1% | 11.6% | 12.5% | 12.0% | 10.7% | 11.3% |
| — | +15.5% | -1.4% | +13.2% | +3.2% | +6.1% | +11.9% | +13.3% | +3.1% | +8.1% | +8.6% | +12.3% | +11.6% | |
| ROA | 20.7% | 6.0% | 5.1% | 5.5% | 5.0% | 5.5% | 5.7% | 5.3% | 5.1% | 5.4% | 5.2% | 4.7% | 4.9% |
| — | +8.5% | -11.0% | +2.9% | -2.3% | +2.2% | +10.0% | +12.5% | +2.6% | +9.9% | +13.0% | +15.8% | +11.0% | |
| ROIC | 29.2% | 8.2% | 7.3% | 7.6% | 6.9% | 7.9% | 7.9% | 7.3% | 6.6% | 7.5% | 7.0% | 6.3% | 6.9% |
| — | +4.4% | -8.2% | +3.0% | +4.8% | +5.4% | +12.9% | +15.6% | -3.7% | +12.9% | +7.8% | +18.7% | +8.8% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Visa Inc.'s Debt/EBITDA ratio is 3.0x, down from 3.9x last quarter — at a moderate level that warrants monitoring.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.66 | 0.55 | 0.66 | 0.65 | 0.55 | 0.54 | 0.53 | 0.52 | 0.51 | 0.52 | 0.53 | 0.53 | 0.53 |
| — | +1.5% | +24.7% | +25.4% | +7.3% | +3.3% | +0.8% | -1.7% | -4.8% | -6.1% | -16.3% | -21.3% | -8.5% | |
| Debt / EBITDA | 1.00 | 3.00 | 3.89 | 3.87 | 3.62 | 3.16 | 3.15 | 3.32 | 3.68 | 3.34 | 3.53 | 3.91 | 3.70 |
| — | -5.2% | +23.8% | +16.5% | -1.6% | -5.3% | -10.9% | -15.0% | -0.6% | -13.4% | -16.5% | -28.1% | -11.9% | |
| Current Ratio | 1.08 | 1.11 | 1.08 | 1.12 | 1.08 | 1.12 | 1.28 | 1.37 | 1.40 | 1.45 | 1.45 | 1.49 | 1.50 |
| — | -0.9% | -16.0% | -18.7% | -22.5% | -22.5% | -11.6% | -8.0% | -6.8% | +0.5% | +0.2% | +4.6% | +16.5% | |
| Quick Ratio | 1.08 | 1.11 | 1.08 | 1.12 | 1.08 | 1.12 | 1.28 | 1.37 | 1.40 | 1.45 | 1.45 | 1.49 | 1.50 |
| — | -0.9% | -16.0% | -18.7% | -22.5% | -22.5% | -11.6% | -8.0% | -6.8% | +0.5% | +0.2% | +4.6% | +16.5% | |
| Interest Coverage | 40.74 | 34.73 | 29.28 | 158.38 | 34.40 | 34.25 | 36.07 | 30.30 | 65.29 | 31.84 | 30.33 | 27.60 | 37.58 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 48 years · Updated daily
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Start ComparisonVisa Inc.'s current P/E is 31.4x. The average P/E over the last 4 quarters is 34.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Visa Inc.'s current operating margin is 60.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Visa Inc.'s business trajectory between earnings reports.