Visa is the largest payment processor in the world. In fiscal 2025, it processed almost $17 trillion in total volume.
It is a $724B financial services company. Revenue grew 14.4% over the last year, and it keeps 51¢ of every dollar of sales as profit. It trades at 31.9× earnings — in the cheapest third of its own history.
- Website
- visa.com
- Location
- San Francisco, CA
- Employees
- 34 100
- Sector
- Financial Services
- Founded
- 1958
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Strong growth, profitability, health, quality and moat; Valuation lags behind.
Valuation40
- P/E vs own history18th pct · 25/25
- FCF yield2.9% · 5/25
- P/S16.2x · 5/25
- EV/EBITDA25.8x · 5/25
Growth85
- Revenue CAGR13.5% · 20/25
- Net income CAGR13.0% · 20/25
- EPS CAGR ~5Y16.9% · 20/25
- Fwd implied growth31.9% · 25/25
Profitability100
- ROIC49.7% · 25/25
- ROE61.3% · 25/25
- Net margin50.8% · 25/25
- Operating margin60.7% · 25/25
Health76
- Altman Z9.22 · 25/25
- Current ratio0.99 · 6/25
- Interest coverage24.7x · 25/25
- Net cash / debtD/A 2% · 20/25
Quality82
- Piotroski F6/9 · 15/25
- Beneish M-2.45 · 20/25
- FCF conversion93% · 22/25
- Margin stabilityσ 3.8% · 25/25
Moat100
- ROIC >12% years10/10 yrs · 25/25
- Median gross margin64.4% · 25/25
- FCF-positive years10/10 yrs · 25/25
- Worst-year net marginworst 36.5% · 25/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2026AcquisitionVisa agreed to acquire Israeli fraud-prevention company BioCatch for $2.4 billion in cash
- FY2025FinancialBest year on record$20.1B net income
- Jan 13, 2020AcquisitionPlaid announced that it had signed a definitive agreement to be acquired by Visa for $5.3 billion
- FY2016FinancialProfitable every year on record10 consecutive profitable years in our data
- FY2016FinancialRevenue already above $10B$15.1B in first reported year
- FY2016FinancialPositive free cash flow every year since10-year streak
- Jun 21, 2016AcquisitionThe acquisition of Visa Europe was completed on June 21, 2016
- Nov 2, 2015AcquisitionVisa Inc. announced the plan to acquire Visa Europe on November 2, 2015, creating a single global company
- 2015ProductThis QR code payment method was first introduced in India in 2015
- Mar 19, 2008IPOIPO on NYSE$17.9B — the largest US IPO ever at the time, mid-financial-crisis
- Oct 3, 2007MilestoneVisa Inc. formedregional associations merge into a single public company
- 1976MilestoneRenamed Visaone neutral brand for the card network
- 1961MilestoneThe BankAmericard program became profitable for the first time
- Sep 18, 1958FoundedBankAmericard pilots in FresnoBank of America mails 60k unsolicited credit cards
- 1956MilestoneWilliams convinced senior BofA executives in 1956 to let him pursue what became the world's first successful mass…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (80.2%)
- Strongly profitable — 50.8% net margin
- Revenue growing 14.4% year over year
- Strong cash conversion — FCF is 47.2% of revenue
- Could repay net debt from ~0.5 years of free cash flow
Watch-outs
Nothing stands out as a concern in the available data.
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+14.4% YoY
- Profitable — makes more than it spends$22.6B TTM
- Profit growing — earnings are higher than last year+13.4% YoY
- Generates cash — cash left after running and investing$21.0B TTM
- Debt under control — could handle its obligations~0.1y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$724B market cap
- Not printing shares — share count not ballooning — you keep your slice-15.3% shares over ~5y
- Proven track record — years of profitability behind it10/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 9.2 — safe
- Pays a dividend — returns cash to shareholdersyield 0.69%
- Valuation not extreme — price not wildly above earningsP/E 31.9
Peer comparisonVISA Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| V this company | $723.9B | 31.9 | +14.4% | 50.8% | Solid |
| BRK.A Berkshire Hathaway Inc. | $1.1T | 11.6 | +3.9% | 22.3% | Mixed |
| BRK.B Berkshire Hathaway | $1.1T | 11.6 | +0.0% | 18.0% | Strong |
| JPM JPMorgan Chase & Co. | $886.2B | 13.6 | +13.5% | 32.6% | Strained |
| MA Mastercard Incorporated | $516.4B | 31.7 | +16.0% | 46.3% | Mixed |
| BAC Bank of America Corporation | $380.4B | 11.3 | +15.9% | 27.8% | Mixed |
| MS Morgan Stanley | $299.6B | 14.8 | +18.0% | 25.8% | Strained |
Head-to-head: V vs BRK.A · V vs BRK.B · V vs JPM
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/V
Want the live picture — intraday moves, valuation history and full analysis?
Deeper analysis of V on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $385.60 · market cap $724B.