|V Overview
V

VISA INC.

Technology • CIK: 0001403161

Loading...

Market Cap
$682.04B
P/E (TTM)
32.8x
Rev Growth (TTM)
+12.5%
Net Margin (TTM)
50.2%
FCF Yield (TTM)
3.4%
FCF Margin (TTM)
55.4%

LATEST EARNINGS

Q1 FY2026
15 days ago
View source
Revenue
Net Income
EPS
  • Net revenue increased 15% year-over-year to $10.9 billion, or 13% on a constant-dollar basis.
  • GAAP EPS increased 17% to $3.03, and non-GAAP EPS increased 15% to $3.17.
  • Strong growth in key business drivers: Payments volume up 8%, Cross-border volume excluding intra-Europe up 11%, and Processed transactions up 9% (all constant dollar).
  • Visa repurchased approximately 11 million shares for $3.8 billion and declared a quarterly dividend of $0.670 per share.

Cash Flow Health

Free Cash Flow8/8 positive
TTM$22.9B
Q1 '26
$6.4B+9%
Q4 '25
$5.8B-7%
FCF Margin
TTM55.4%
Q1 '2658.7%+8%
Sector: 14.5%Top 10%
OCF Margin59.1%
OCF/NI1.18x
CapEx Coverage16.1x
FCF Yield3.4%
FCF Growth (2Y)+9%
Cash Conversion Cycle
26 days
DSO: 26+DIO: DPO:

Capital Allocation & Returns

Balanced
Total Shareholder YieldTTM
TTM3.2%
Div Yield0.5%
+
Buyback (TTM)2.6%

Balancing returns with reinvestment

Dividend & Payout Metrics
Dividend Yield (TTM)0.5%
FCF Payout Ratio15.7%
Free Cash Flow (TTM)$22.9B
Stock Repurchases (TTM)$18.0B
Capital Return / FCF99.4%
Est. Dividends Paid (TTM)$3.6B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
37.8%
Stable
+0.1% YoY+7.8%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
49.8%
8Q: 52.7%
Asset Turnover
0.43x
8Q: 0.42x
Leverage (1+D/E)
Asset & CapEx Efficiency
Fixed Asset Turn
10.02x
8Q:9.92x
+40.9%
Invested Cap Turn
0.76x
8Q:0.71x
+19.7%
CapEx Intensity
2.8%
8Q:2.6%
CapEx/Depreciation
1.20x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Revenue
$41.4B
$10.9B1.7%
$10.7B5.4%
$10.2B6.0%
$9.6B0.9%
$9.5B1.1%
$9.6B8.1%
$8.9B1.4%
$8.8B
Operating Income
$24.5B
$6.7B9.6%
$6.1B0.5%
$6.2B13.7%
$5.4B12.8%
$6.2B1.8%
$6.3B6.9%
$5.9B10.9%
$5.4B
Net Income
$20.8B
$5.9B15.0%
$5.1B3.5%
$5.3B15.2%
$4.6B10.6%
$5.1B3.7%
$5.3B9.2%
$4.9B4.5%
$4.7B
Operating Cash Flow
$24.4B
$6.8B8.7%
$6.2B7.3%
$6.7B43.3%
$4.7B13.0%
$5.4B19.0%
$6.7B29.8%
$5.1B13.1%
$4.5B
Free Cash Flow
$22.9B
$6.4B9.5%
$5.8B7.3%
$6.3B44.4%
$4.4B13.5%
$5.1B20.5%
$6.4B34.2%
$4.7B11.2%
$4.3B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
32.8x
Volatile
8Q: 121.8x+1473%
High PEG ratio (4.5x) suggests expensive for growth
Valuation Lenses
Earnings
32.8x
vs sector
Cash Flow
29.8x
EV/FCF vs
Growth-Adj
4.5xPEG
Expensive for growth
Quality-Adj
0.9P/E per %ROIC
ROIC: 37.8%
Shareholder Returns
Dividend
0.5%
Buyback
2.6%
Total Yield
3.2%
Market Cap$682.04B
EV$682.50B
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)
8Q:
Return on Invested Capital (ROIC)Top 25%
37.8%
8Q:
+7.8%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 49.8%
Asset Turnover: 0.43x

Earnings Quality

Cash Conversion

1.18x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin

Capital Efficiency

Invested Capital Turnover0.76x

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
12.5%
OpInc Growth YoY
8.1%
EPS Growth YoY
7.3%
FCF 3Y CAGR
8.9%

Margin Quality & Sustainability

Moderate
Profitability Cascade
Gross
Operating
59.2%
Top 25% in sector
Net
50.2%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+5.2 pts
FCF: 55.4% | Net: 50.2%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $2.00B
Interest Coverage
+Net cash position: $2.00B
Leverage Metrics
Debt-to-Equity
x
Balance sheet risk & solvency analysis