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. key metrics & ratios

Annual · USD millions except per-share data · 36 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Growth (year over year)
Revenue growth	11.3%	10.0%	11.4%	21.6%	—	—
Operating income growth	1.7%	12.4%	11.6%	19.0%	—	—
Net income growth	1.6%	14.3%	15.5%	21.5%	—	—
EPS (diluted) growth	4.8%	17.5%	18.3%	24.3%	—	—
Free cash flow growth	15.4%	-5.1%	10.2%	23.1%	—	—
Margins
Gross margin	80.4%	80.4%	79.9%	80.4%	79.4%	—
Operating margin	60.0%	65.7%	64.3%	64.2%	65.6%	—
EBITDA margin	65.0%	71.2%	69.3%	66.6%	72.1%	—
Net margin	50.1%	55.0%	52.9%	51.0%	51.1%	—
FCF margin	53.9%	52.0%	60.3%	61.0%	60.2%	—
Returns on capital
Return on equity	52.9%	50.4%	44.6%	42.0%	32.8%	—
Return on assets	20.1%	20.9%	19.1%	17.5%	14.9%	—
Return on invested capital	46.3%	40.6%	40.2%	36.6%	28.8%	—
Leverage & liquidity
Debt / equity	0.66x	0.53x	0.53x	0.63x	0.56x	—
Net debt / EBITDA	0.19x	0.35x	0.18x	0.35x	0.26x	—
Current ratio	1.08x	1.28x	1.45x	1.45x	1.75x	—
Interest coverage	40.74x	36.81x	32.61x	34.97x	30.81x	—
Profitability & operating
EBIT	24,783	24,557	21,681	18,674	16,576	+10.6%
EBITDA	26,003	25,591	22,624	19,535	17,380	+10.6%
Operating income	23,994	23,595	21,000	18,813	15,804	+11.0%
Income before tax	24,194	23,916	21,037	18,136	16,063	+10.8%
Net income	20,058	19,743	17,273	14,957	12,311	+13.0%
Earnings per share
EPS (basic)	$10.22	$9.74	$8.29	$7.01	$5.63	+16.1%
EPS (diluted)	$10.20	$9.73	$8.28	$7.00	$5.63	+16.0%
Share count (millions)
Weighted avg shares outstanding	1,942	1,997	2,085	2,136	2,130	-2.3%
Weighted avg shares outstanding (diluted)	1,966	2,029	2,085	2,136	2,188	-2.6%
Balance sheet highlights
Net debt	5,017	8,861	4,177	6,761	4,490	+2.8%
Total debt	25,171	20,836	20,463	22,450	20,977	+4.7%
Total investments	2,832	5,745	5,763	4,969	3,730	-6.7%
Total stockholders' equity	37,909	39,137	38,733	35,581	37,589	+0.2%
Total assets	99,627	94,511	90,499	85,501	82,896	+4.7%
Cash flow highlights
Free cash flow	21,577	18,693	19,696	17,879	14,522	+10.4%
Operating cash flow	23,059	19,950	20,755	18,849	15,227	+10.9%
Capital expenditure	(1,482)	(1,257)	(1,059)	(970)	(705)	—
Net cash from operating activities	23,059	19,950	20,755	18,849	15,227	+10.9%
Additional fields
Accrued Expenses	8,499	6,636	1,506	1,359	3,317	+26.5%

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. key metrics & ratios

Annual · USD millions except per-share data · 36 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Growth (year over year)
Revenue growth	11.3%	10.0%	11.4%	21.6%	—	—
Operating income growth	1.7%	12.4%	11.6%	19.0%	—	—
Net income growth	1.6%	14.3%	15.5%	21.5%	—	—
EPS (diluted) growth	4.8%	17.5%	18.3%	24.3%	—	—
Free cash flow growth	15.4%	-5.1%	10.2%	23.1%	—	—
Margins
Gross margin	80.4%	80.4%	79.9%	80.4%	79.4%	—
Operating margin	60.0%	65.7%	64.3%	64.2%	65.6%	—
EBITDA margin	65.0%	71.2%	69.3%	66.6%	72.1%	—
Net margin	50.1%	55.0%	52.9%	51.0%	51.1%	—
FCF margin	53.9%	52.0%	60.3%	61.0%	60.2%	—
Returns on capital
Return on equity	52.9%	50.4%	44.6%	42.0%	32.8%	—
Return on assets	20.1%	20.9%	19.1%	17.5%	14.9%	—
Return on invested capital	46.3%	40.6%	40.2%	36.6%	28.8%	—
Leverage & liquidity
Debt / equity	0.66x	0.53x	0.53x	0.63x	0.56x	—
Net debt / EBITDA	0.19x	0.35x	0.18x	0.35x	0.26x	—
Current ratio	1.08x	1.28x	1.45x	1.45x	1.75x	—
Interest coverage	40.74x	36.81x	32.61x	34.97x	30.81x	—
Profitability & operating
EBIT	24,783	24,557	21,681	18,674	16,576	+10.6%
EBITDA	26,003	25,591	22,624	19,535	17,380	+10.6%
Operating income	23,994	23,595	21,000	18,813	15,804	+11.0%
Income before tax	24,194	23,916	21,037	18,136	16,063	+10.8%
Net income	20,058	19,743	17,273	14,957	12,311	+13.0%
Earnings per share
EPS (basic)	$10.22	$9.74	$8.29	$7.01	$5.63	+16.1%
EPS (diluted)	$10.20	$9.73	$8.28	$7.00	$5.63	+16.0%
Share count (millions)
Weighted avg shares outstanding	1,942	1,997	2,085	2,136	2,130	-2.3%
Weighted avg shares outstanding (diluted)	1,966	2,029	2,085	2,136	2,188	-2.6%
Balance sheet highlights
Net debt	5,017	8,861	4,177	6,761	4,490	+2.8%
Total debt	25,171	20,836	20,463	22,450	20,977	+4.7%
Total investments	2,832	5,745	5,763	4,969	3,730	-6.7%
Total stockholders' equity	37,909	39,137	38,733	35,581	37,589	+0.2%
Total assets	99,627	94,511	90,499	85,501	82,896	+4.7%
Cash flow highlights
Free cash flow	21,577	18,693	19,696	17,879	14,522	+10.4%
Operating cash flow	23,059	19,950	20,755	18,849	15,227	+10.9%
Capital expenditure	(1,482)	(1,257)	(1,059)	(970)	(705)	—
Net cash from operating activities	23,059	19,950	20,755	18,849	15,227	+10.9%
Additional fields
Accrued Expenses	8,499	6,636	1,506	1,359	3,317	+26.5%