VISA INC.
V· NYSE· Services-Business Services, NEC
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 53.9%
- ROIC, 5 yr avg
- 37.9%
- Revenue, 5 yr CAGR
- +12.9%
We record prices for the companies we cover; V is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- –
- Revenue
- $40.0B
- Free cash flow
- $21.6B
- Owner earnings
- $20.7B
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 60.0%
- Net
- 50.1%
- Free cash flow
- 53.9%
- Owner earnings
- 51.7%
- Stock pay
- 2.2%
Returns
- ROIC, FY2025
- 43.3%
- ROIC, 5 yr avg
- 37.9%
- ROE, FY2025
- 52.9%
- ROE, 5 yr avg
- 44.5%
Growth (CAGR)
- Revenue, 3 yr
- 10.9%
- Revenue, 5 yr
- 12.9%
- Revenue, 9 yr
- 11.4%
- Diluted EPS, 3 yr
- –
- Diluted EPS, 5 yr
- –
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- 6.5%
- Free cash flow, 5 yr
- 17.3%
- Free cash flow, 9 yr
- 17.5%
Financial health · FY2025
- Cash and investments
- $17.2B
- Total debt
- $25.2B
- Net debt
- $8.0B
- Debt/Equity
- 0.7x
- Debt/FCF
- 1.2x
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- 23.1%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- –
Financials: ten years from the 10-Ks
Revenue
$40.0B
+11.4% a year over 9 years
FY2016FY2025
Margins
Operating60.0%Net50.1%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow$21.6BOwner earnings$20.7B
Free cash flow +17.5% a year
FY2016FY2025
Return on invested capital
43.3%
FY2025
FY2016FY2025
Net debt (below zero)
-$8.0B
$8.0B more debt than cash
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $15.1B | $18.4B | $20.6B | $23.0B | $21.8B | $24.1B | $29.3B | $32.7B | $35.9B | $40.0B |
| Revenue growth | 8.7% | 21.7% | 12.3% | 11.5% | -4.9% | 10.3% | 21.6% | 11.4% | 10.0% | 11.3% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 52.3% | 66.2% | 62.9% | 65.3% | 64.5% | 65.6% | 64.2% | 64.3% | 65.7% | 60.0% |
| Net income | $6.0B | $6.7B | $10.3B | $12.1B | $10.9B | $12.3B | $15.0B | $17.3B | $19.7B | $20.1B |
| Net margin | 39.7% | 36.5% | 50.0% | 52.6% | 49.7% | 51.1% | 51.0% | 52.9% | 55.0% | 50.1% |
| Diluted EPS | – | – | – | – | – | – | – | – | – | – |
| Return on invested capital? | 13.7% | 17.6% | 26.7% | 30.9% | 27.5% | 28.8% | 36.6% | 40.2% | 40.6% | 43.3% |
| Cash | ||||||||||
| Operating cash flow | $5.6B | $9.3B | $12.9B | $12.8B | $10.4B | $15.2B | $18.8B | $20.8B | $19.9B | $23.1B |
| Capital expenditure | $523.0M | $707.0M | $718.0M | $756.0M | $736.0M | $705.0M | $970.0M | $1.1B | $1.3B | $1.5B |
| Free cash flow | $5.1B | $8.6B | $12.2B | $12.0B | $9.7B | $14.5B | $17.9B | $19.7B | $18.7B | $21.6B |
| Stock-based compensation | $221.0M | $235.0M | $327.0M | $407.0M | $416.0M | $542.0M | $602.0M | $765.0M | $850.0M | $897.0M |
| Owner earnings? | $4.8B | $8.4B | $11.9B | $11.6B | $9.3B | $14.0B | $17.3B | $18.9B | $17.8B | $20.7B |
| Free cash flow per share | – | – | – | – | – | – | – | – | – | – |
| Capital allocation | ||||||||||
| Dividends paid | $1.4B | $1.6B | $1.9B | $2.3B | $2.7B | $2.8B | $3.2B | $3.8B | $4.2B | $4.6B |
| Share repurchases | – | $6.9B | $7.2B | $8.6B | $8.1B | $8.7B | $11.6B | $12.1B | $16.7B | $18.3B |
| Diluted shares | – | – | – | – | – | – | – | – | – | – |
| Share count change? | – | – | – | – | – | – | – | – | – | – |
| Balance sheet | ||||||||||
| Cash and equivalents | $5.6B | $9.9B | $8.2B | $7.8B | $16.3B | $16.5B | $15.7B | $16.3B | $12.0B | $17.2B |
| Short-term investments | – | – | $3.4B | $4.1B | $3.6B | – | – | – | – | – |
| Total debt | $15.9B | $16.6B | $16.6B | $16.7B | $24.1B | $21.0B | $22.4B | $20.5B | $20.8B | $25.2B |
| Net debt | $10.3B | $6.7B | $5.0B | $4.8B | $4.2B | $4.5B | $6.8B | $4.2B | $8.9B | $8.0B |
| Shareholders' equity | $32.9B | $32.8B | $34.0B | $34.7B | $36.2B | $37.6B | $35.6B | $38.7B | $39.1B | $37.9B |
Latest filings
| 2026-10-27 | 8-K | Earnings release |
| 2026-07-29 | 10-Q | Quarterly report |
| 2026-07-28 | 8-K | Earnings release |
| 2026-04-29 | 10-Q | Quarterly report |
| 2026-04-28 | 8-K | Earnings release |
| 2026-01-30 | 10-Q | Quarterly report |
| 2026-01-29 | 8-K | Earnings release |
| 2025-12-08 | DEF 14A | Proxy statement |
| 2025-11-06 | 10-K | Annual report |
| 2025-10-28 | 8-K | Earnings release |
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