Visa Inc.

VNYSE

$411.43

Last price · USD

Market cap: $808.9B
P/E: 40.3x
EV / EBITDA: 31.3x
P/S: 20.2x
FCF yield: 2.7%
Div. yield: 0.57%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Visa Inc. balance sheet

Annual · USD millions except per-share data · 43 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	20,154	11,975	16,286	15,689	16,487	+5.1%
Short-term investments	1,833	3,200	3,842	2,833	2,025	-2.5%
Cash & short-term investments	21,987	15,175	20,128	18,522	18,512	+4.4%
Net receivables	7,317	7,015	4,474	3,952	3,726	+18.4%
Accounts receivable	3,126	2,561	2,291	2,020	1,968	+12.3%
Other receivables	4,191	4,454	2,183	1,932	1,758	+24.3%
Prepaids	0	1,190	0	2,668	856	—
Other current assets	8,462	10,653	8,930	5,063	4,513	+17.0%
Total current assets	37,766	34,033	33,532	30,205	27,607	+8.1%
Non-current assets
Property, plant & equipment (net)	4,236	3,824	3,425	3,223	2,715	+11.8%
Goodwill	19,879	18,941	17,997	17,787	15,958	+5.6%
Intangible assets	27,646	26,889	26,104	25,065	27,664	0.0%
Goodwill & intangible assets	47,525	45,830	44,101	42,852	43,622	+2.2%
Long-term investments	999	2,545	1,921	2,136	1,705	-12.5%
Tax assets	0	0	126	0	0	—
Other non-current assets	9,101	8,279	7,394	7,085	7,247	+5.9%
Total non-current assets	61,861	60,478	56,967	55,296	55,289	+2.8%
Total assets	99,627	94,511	90,499	85,501	82,896	+4.7%
Current liabilities
Accounts payable	555	479	375	340	266	+20.2%
Other payables	4,568	5,265	1,500	365	2,443	+16.9%
Total payables	5,123	5,744	1,875	705	2,709	+17.3%
Short-term debt	5,569	0	0	2,250	999	+53.7%
Tax payables	0	0	1,500	365	325	—
Other current liabilities	15,857	14,137	19,611	16,539	8,714	+16.1%
Total current liabilities	35,048	26,517	23,098	20,853	15,739	+22.2%
Non-current liabilities
Long-term debt	19,602	20,836	20,463	20,200	19,978	-0.5%
Deferred tax liabilities (non-current)	5,549	5,301	5,114	5,332	6,128	-2.5%
Other non-current liabilities	1,519	2,720	3,091	3,535	3,462	-18.6%
Total non-current liabilities	26,670	28,857	28,668	29,067	29,568	-2.5%
Total debt	25,171	20,836	20,463	22,450	20,977	+4.7%
Total liabilities	61,718	55,374	51,766	49,920	45,307	+8.0%
Stockholders' equity
Common stock	0	0	0	0	21,935	—
Preferred stock	745	1,031	1,698	2,324	3,080	-29.9%
Retained earnings	15,106	17,289	18,040	16,116	15,351	-0.4%
Additional paid-in capital	21,934	21,229	20,452	19,545	18,855	+3.9%
Accumulated other comprehensive income (loss)	124	(412)	(1,317)	(2,369)	436	-27.0%
Other stockholders' equity	(124)	(104)	(140)	(35)	(22,068)	—
Total stockholders' equity	37,909	39,137	38,733	35,581	37,589	+0.2%
Total equity	37,909	39,137	38,733	35,581	37,589	+0.2%
Total liabilities & equity	99,627	94,511	90,499	85,501	82,896	+4.7%
Additional fields
Accrued Expenses	8,499	6,636	1,506	1,359	3,317	+26.5%
Net Debt	5,017	8,861	4,177	6,761	4,490	+2.8%
Total Investments	2,832	5,745	5,763	4,969	3,730	-6.7%

Visa Inc.

VNYSE

$411.43

Last price · USD

Market cap: $808.9B
P/E: 40.3x
EV / EBITDA: 31.3x
P/S: 20.2x
FCF yield: 2.7%
Div. yield: 0.57%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

Visa Inc. balance sheet

Annual · USD millions except per-share data · 43 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	20,154	11,975	16,286	15,689	16,487	+5.1%
Short-term investments	1,833	3,200	3,842	2,833	2,025	-2.5%
Cash & short-term investments	21,987	15,175	20,128	18,522	18,512	+4.4%
Net receivables	7,317	7,015	4,474	3,952	3,726	+18.4%
Accounts receivable	3,126	2,561	2,291	2,020	1,968	+12.3%
Other receivables	4,191	4,454	2,183	1,932	1,758	+24.3%
Prepaids	0	1,190	0	2,668	856	—
Other current assets	8,462	10,653	8,930	5,063	4,513	+17.0%
Total current assets	37,766	34,033	33,532	30,205	27,607	+8.1%
Non-current assets
Property, plant & equipment (net)	4,236	3,824	3,425	3,223	2,715	+11.8%
Goodwill	19,879	18,941	17,997	17,787	15,958	+5.6%
Intangible assets	27,646	26,889	26,104	25,065	27,664	0.0%
Goodwill & intangible assets	47,525	45,830	44,101	42,852	43,622	+2.2%
Long-term investments	999	2,545	1,921	2,136	1,705	-12.5%
Tax assets	0	0	126	0	0	—
Other non-current assets	9,101	8,279	7,394	7,085	7,247	+5.9%
Total non-current assets	61,861	60,478	56,967	55,296	55,289	+2.8%
Total assets	99,627	94,511	90,499	85,501	82,896	+4.7%
Current liabilities
Accounts payable	555	479	375	340	266	+20.2%
Other payables	4,568	5,265	1,500	365	2,443	+16.9%
Total payables	5,123	5,744	1,875	705	2,709	+17.3%
Short-term debt	5,569	0	0	2,250	999	+53.7%
Tax payables	0	0	1,500	365	325	—
Other current liabilities	15,857	14,137	19,611	16,539	8,714	+16.1%
Total current liabilities	35,048	26,517	23,098	20,853	15,739	+22.2%
Non-current liabilities
Long-term debt	19,602	20,836	20,463	20,200	19,978	-0.5%
Deferred tax liabilities (non-current)	5,549	5,301	5,114	5,332	6,128	-2.5%
Other non-current liabilities	1,519	2,720	3,091	3,535	3,462	-18.6%
Total non-current liabilities	26,670	28,857	28,668	29,067	29,568	-2.5%
Total debt	25,171	20,836	20,463	22,450	20,977	+4.7%
Total liabilities	61,718	55,374	51,766	49,920	45,307	+8.0%
Stockholders' equity
Common stock	0	0	0	0	21,935	—
Preferred stock	745	1,031	1,698	2,324	3,080	-29.9%
Retained earnings	15,106	17,289	18,040	16,116	15,351	-0.4%
Additional paid-in capital	21,934	21,229	20,452	19,545	18,855	+3.9%
Accumulated other comprehensive income (loss)	124	(412)	(1,317)	(2,369)	436	-27.0%
Other stockholders' equity	(124)	(104)	(140)	(35)	(22,068)	—
Total stockholders' equity	37,909	39,137	38,733	35,581	37,589	+0.2%
Total equity	37,909	39,137	38,733	35,581	37,589	+0.2%
Total liabilities & equity	99,627	94,511	90,499	85,501	82,896	+4.7%
Additional fields
Accrued Expenses	8,499	6,636	1,506	1,359	3,317	+26.5%
Net Debt	5,017	8,861	4,177	6,761	4,490	+2.8%
Total Investments	2,832	5,745	5,763	4,969	3,730	-6.7%