V

VISA INC.

Technology • CIK 0001403161

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Market Cap
$4.87T
P/E (TTM)
219.2x
Rev Growth (TTM)
+14.4%
Net Margin (TTM)
51.7%
FCF Yield (TTM)
0.4%
FCF Margin (TTM)
49.2%

Filings your agent reads

Factsheet

Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.

CALLApr 2026Earnings calltranscript
8-KJun 20266 days agosource
8-KMay 20262026-05-12source
8-KMay 20262026-05-11source
10-QQ2 20262026-04-29source
8-KEarnings2026-04-28source

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LATEST EARNINGS

•
Q2 FY2026
•
2 months ago
•View source
Revenue
$11.23B
+17.0%
Net Income
$6.02B
+32.0%
EPS
N/A
—
Operating
64.4%↑ +7.8%
Net
53.6%↑ +5.9%
  • •Net revenue of $11.2B increased 17% YoY, the highest growth rate since 2022.
  • •GAAP net income increased 32% YoY to $6.0B, and GAAP EPS increased 36% YoY to $3.14.
  • •Non-GAAP net income increased 17% YoY to $6.3B, and non-GAAP EPS increased 20% YoY to $3.31.
  • •Board authorized a new $20.0 billion multi-year share repurchase program.
View Full Earnings →

Cash Flow Health

Free Cash Flow8/8 positive
TTM$21.2B
Q2 '26
$2.6B-59%
Q1 '26
$6.4B+9%
FCF Margin
TTM49.2%
Q2 '2623.4%-60%
Sector: 8.6%Top 10%
OCF Margin52.9%
OCF/NI1.02x
CapEx Coverage14.5x
FCF Yield0.4%
FCF Growth (2Y)+5%
Cash Conversion Cycle
26 days
DSO: 26+DIO: –−DPO: –
View Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Growth Focused
Total Shareholder YieldTTM
TTM0.5%
Div Yield0.1%
+
Buyback (TTM)0.4%

Prioritizing reinvestment over distributions

Dividend & Payout Metrics
Dividend Yield (TTM)0.1%
FCF Payout Ratio23.0%
Free Cash Flow (TTM)$21.2B
Stock Repurchases (TTM)$21.3B
Capital Return / FCF123.7%
Est. Dividends Paid (TTM)$4.9B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
35.9%
Stable
+0.0% YoY+5.8%
P25MedianP75
75th pctl (med: 0.0%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
51.4%
8Q: 53.9%
Asset Turnover
0.44x
8Q: 0.42x
Leverage (1+D/E)
1.67x
D/E: 0.67x
DuPont: 37.9% ≈ 35.9% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
10.09x
8Q:9.94x
+36.9%
Invested Cap Turn
0.78x
8Q:0.74x
+18.5%
CapEx Intensity
2.8%
8Q:2.7%
CapEx/Depreciation
1.22x
Asset-based ROIC formula

Valuation Analysis

Fair Value
Price-to-EarningsTTM
219.2x
Volatile
8Q: 2161.6x-237355%
Valuation Lenses
Earnings
219.2x
vs – sector
Cash Flow
230.4x
EV/FCF vs –
Growth-Adj
1.2xPEG
Fair for growth
Quality-Adj
6.1P/E per %ROIC
ROIC: 35.9%
Shareholder Returns
Dividend
0.1%
Buyback
0.4%
Total Yield
0.5%
Market Cap$4.87T
EV$4.88T
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
95/100
Exceptional

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Top 10%
58.4%
8Q:–
Return on Invested Capital (ROIC)Top 25%
35.9%
8Q:–
+5.8%
vs Sector:0.0%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 51.4%
Asset Turnover: 0.44x

Earnings Quality

Cash Conversion

1.02x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin–

Capital Efficiency

Invested Capital Turnover0.78x

Working Capital

Cash Conversion Cycle26 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
67/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
14.4%
OpInc Growth YoY
33.1%
EPS Growth YoY
181.5%
FCF 3Y CAGR
5.3%

Margin Quality & Sustainability

High Quality
Profitability Cascade
Gross
—
Operating
61.1%
Top 25% in sector
Net
51.7%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
-2.4 pts
FCF: 49.2% | Net: 51.7%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Adequate
Net Debt / EBITDA
–Net Debt: $11.57B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.67x
Balance sheet risk & solvency analysis

Research

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