Visa runs an international payment network. Banks issue credit and debit cards with the Visa logo, and Visa routes the payments between merchants and banks. The company does not lend money itself and earns fees for processing. As of Oct 13, 2026
Visa processes card payments between consumers, banks and merchants, mainly handling authorization, clearing and settlement. Its core products include credit cards, debit cards and prepaid cards that banks and other financial institutions issue to their customers. For companies and government agencies there are commercial cards and virtual cards, and Visa Direct also enables money transfers. In addition, Visa offers value-added services for card issuers and merchants, such as loyalty programs, acceptance solutions and risk and security solutions. Revenue arises, among other things, as service fees that customers such as financial institutions pay for using Visa’s payment services.
Automatically summarized from SEC annual report (10-K, filed Nov 6, 2025) (website of the US Securities and Exchange Commission) · reviewed Oct 14, 2026
Calculated automatically by fixed rules – not investment advice, check for yourself. How we analyze
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Visa Inc. · Sector Financials · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Nov 6, 2025.
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Sep 30, 2025
60.0% Fiscal year 2025
Rank 97 of 100: higher than 97% of 192 peers (All). strong.
Rank 81 of 100: higher than 81% of 13 peers (Sector). strong.
Median Financials: 39.0%
Operating income divided by revenue: what the core business earns before interest and taxes.
50.1% Fiscal year 2025
Rank 96 of 100: higher than 96% of 237 peers (All). strong.
Rank 89 of 100: higher than 89% of 33 peers (Sector). strong.
Median Financials: 26.2%
Profit after all costs, interest and taxes divided by revenue.
52.9% Fiscal year 2025
Rank 88 of 100: higher than 88% of 218 peers (All). strong.
Rank 92 of 100: higher than 92% of 32 peers (Sector). strong.
Median Financials: 13.9%
Net income divided by equity at fiscal year end.
20.1% Fiscal year 2025 (total assets at year end)
Rank 93 of 100: higher than 93% of 238 peers (All). strong.
Rank 95 of 100: higher than 95% of 33 peers (Sector). strong.
Median Financials: 2.4%
Net income divided by total assets at fiscal year end.
38.1% Fiscal year 2025
Rank 53 of 100: higher than 53% of 239 peers (All). medium.
Rank 83 of 100: higher than 83% of 33 peers (Sector). strong.
Median Financials: 18.2%
Equity as a share of total assets. Usually low for banks.
53.9% Fiscal year 2025
Rank 99 of 100: higher than 99% of 213 peers (All). strong.
Rank 93 of 100: higher than 93% of 23 peers (Sector). strong.
Median Financials: 25.8%
Free cash flow divided by revenue.
21.6B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
+10.9% per year
Rank 59 of 100: higher than 59% of 230 peers (All). medium.
Rank 55 of 100: higher than 55% of 32 peers (Sector). medium.
Median Financials: +9.7%
Average growth per year over 3 fiscal years.
+12.9% per year
Rank 56 of 100: higher than 56% of 217 peers (All). medium.
Rank 60 of 100: higher than 60% of 29 peers (Sector). medium.
Median Financials: +9.1%
Average growth per year over 5 fiscal years.
+11.2% per year
Rank 68 of 100: higher than 68% of 157 peers (All). strong.
Rank 67 of 100: higher than 67% of 23 peers (Sector). strong.
Median Financials: +7.2%
Average growth per year over 10 fiscal years.
+14.5% per year
Rank 76 of 100: higher than 76% of 118 peers (All). strong.
Rank 73 of 100: higher than 73% of 20 peers (Sector). strong.
Median Financials: +10.0%
Growth of the dividend per share per year.
0.52 at fiscal year end
Rank 55 of 100: lower than 55% of 199 peers (All). medium.
Rank 60 of 100: lower than 60% of 26 peers (Sector). medium.
Median Financials: 0.83
Long-term financial debt divided by equity.
1.08 at fiscal year end
Rank 32 of 100: higher than 32% of 215 peers (All). weak.
Rank 42 of 100: higher than 42% of 13 peers (Sector). medium.
Median Financials: 1.10
Current assets divided by current liabilities.
Banks and insurers usually do not report gross margin, current assets or capital expenditure – those criteria then do not count. Debt is part of their business.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
No reported values for “Earnings per share” in this interval.
No reported values for “Earnings per share” in this interval.
Fiscal year 2025 (Oct 1, 2024 – Sep 30, 2025): Revenue 40.0B USD · Net income 20.1B USD · Net margin 50.1%
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Of 100 USD of revenue, 60.0 USD operating income and 50.1 USD net income remained.
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 40.0B USD | 100.0% |
| Operating income | 24.0B USD | 60.0% |
| Cost of revenue and operating expenses | 16.0B USD | 40.0% |
| Net income | 20.1B USD | 50.1% |
| Interest expense | 589.0M USD | 1.5% |
| Taxes & other (net) | 3.3B USD | 8.4% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
The operating margin fell in 5 years from 64.5% to 60.0%.
Operating marginNet marginReturn on equity rose in 5 years from 30.0% to 52.9%.
Return on equityReturn on assetsThe equity ratio fell in 5 years from 44.7% to 38.1%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.The current ratio fell in 5 years from 1.91 to 1.08.
Current ratioBanks and insurers: gross margin, current assets and capital expenditure are usually not reported and cash flow is not meaningful there – those lines and charts are omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
The dividend per share rose in 5 years from 0.30 USD to 0.59 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.The payout ratio (free cash flow) fell in 5 years from 27.5% to 21.5%.
Payout ratio (free cash flow)Over 5 years, 86.0B USD went back to shareholders, 78% of it through share repurchases. That is 93% of the free cash flow of those years.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USDFor banks and insurers free cash flow is not meaningful; ratios to free cash flow are usually omitted.
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Visa Inc. next to 8 stocks of the sector Financials we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| GS Goldman Sachs | 58.3B USD | +5.5% | – | – | 29.5% | 13.7% | 6.9% | – | – |
| COF Capital One | 53.4B USD | +13.4% | – | – | 4.6% | 2.2% | 17.0% | – | – |
| TRV Travelers Companies (The) | 48.8B USD | +8.8% | – | – | 12.9% | 19.1% | 22.9% | – | – |
| AXP American Express | 41.3B USD | +13.5% | – | – | 26.2% | 32.4% | 11.2% | – | – |
| V Visa Inc. this stock | 40.0B USD | +12.9% | – | 60.0% | 50.1% | 52.9% | 38.1% | – | – |
| PYPL PayPal | 33.2B USD | +9.1% | – | 18.3% | 15.8% | 25.8% | 25.3% | – | – |
| MA Mastercard | 32.8B USD | +16.5% | – | 57.6% | 45.6% | 193.2% | 14.3% | – | – |
| USB U.S. Bancorp | 28.7B USD | – | – | – | 26.4% | 11.6% | 9.4% | – | – |
| MRSH Marsh McLennan | 27.0B USD | +9.4% | – | 23.1% | 15.4% | 27.2% | 26.1% | – | – |
| Median of the sector 33 symbols | 27.0B USD | +9.1% | – | 39.0% | 26.2% | 13.9% | 18.2% | – | – |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Banks and insurers: gross margin (only if reported), free cash flow margin and Piotroski are not meaningful there (“–”).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 79 symbols in the Financials sector on our list (current members of the S&P 500 and other lists).
+12.9% per year, last 5 years
Sector Financials: median +8.8% (73 symbols)
What does this mean? Revenue: over 5 years it grew by 12.9% per year on average – at least as fast as the median company in the sector (+8.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
+13.0% per year, last 5 years
Sector Financials: median +13.8% (71 symbols)
per share: not available
What does this mean? Total net income: over 5 years it grew by 13.0% per year on average, but more slowly than the median company in the sector (+13.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
50.1% last fiscal year
Sector Financials: median 19.4% (75 symbols)
What does this mean? Of every 100 USD in revenue, 50.15 USD remained as profit – at least as much as the median company in the sector (19.4%). Five years ago the margin was 49.7%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
0.63 latest balance sheet
Sector Financials: median 0.63 (60 symbols)
What does this mean? For every 1 USD of equity there is 0.63 USD of financial debt – no more than the median company in the sector (0.63). For banks and insurers, debt is part of the business – so the comparison is only with their own sector.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
– Dividend / earnings per share
Sector Financials: median 34% (58 symbols)
What does this mean? Dividend and earnings per share for the same fiscal year are not both available.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
10 of 10 fiscal years with a profit
What does this mean? In 10 of the last 10 fiscal years the bottom line showed a profit. There were no losses in this period.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Sep 30, 2025 | 40.0B | 20.1B | 50.1% | – | 0.59 | – |
| 2024 | Sep 30, 2024 | 35.9B | 19.7B | 55.0% | – | 0.52 | – |
| 2023 | Sep 30, 2023 | 32.7B | 17.3B | 52.9% | – | 0.45 | – |
| 2022 | Sep 30, 2022 | 29.3B | 15.0B | 51.0% | – | 0.38 | – |
| 2021 | Sep 30, 2021 | 24.1B | 12.3B | 51.1% | – | 0.32 | – |
| 2020 | Sep 30, 2020 | 21.8B | 10.9B | 49.7% | – | 0.30 | – |
| 2019 | Sep 30, 2019 | 23.0B | 12.1B | 52.6% | – | 0.25 | – |
| 2018 | Sep 30, 2018 | 20.6B | 10.3B | 50.0% | – | – | – |
| 2017 | Sep 30, 2017 | 18.4B | 6.7B | 36.5% | – | 0.17 | – |
| 2016 | Sep 30, 2016 | 15.1B | 6.0B | 39.7% | – | 0.14 | – |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q1/26 | Mar 31, 2026 | 11.2B | 6.0B | 53.6% | – | 0.67 | – |
| Q4/25 | Dec 31, 2025 | 10.9B | 5.9B | 53.7% | – | 0.67 | – |
| Q3/25* | Sep 30, 2025 | 10.7B | 5.1B | 47.5% | – | 0.00 | – |
| Q2/25 | Jun 30, 2025 | 10.2B | 5.3B | 51.8% | – | 0.59 | – |
| Q1/25 | Mar 31, 2025 | 9.6B | 4.6B | 47.7% | – | 0.59 | – |
| Q4/24 | Dec 31, 2024 | 9.5B | 5.1B | 53.8% | – | 0.59 | – |
| Q3/24* | Sep 30, 2024 | 9.6B | 5.3B | 55.3% | – | 0.00 | – |
| Q2/24 | Jun 30, 2024 | 8.9B | 4.9B | 54.7% | – | 0.52 | – |
| Q1/24 | Mar 31, 2024 | 8.8B | 4.7B | 53.1% | – | 0.52 | – |
| Q4/23 | Dec 31, 2023 | 8.6B | 4.9B | 56.6% | – | 0.52 | – |
| Q3/23* | Sep 30, 2023 | 8.6B | 4.7B | 54.4% | – | 0.00 | – |
| Q2/23 | Jun 30, 2023 | 8.1B | 4.2B | 51.2% | – | 0.45 | – |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
| Period | Purchases | Sales | Net |
|---|---|---|---|
| 3 months | $00 people | $35.5M4 people | −$35.5M |
| 6 months | $00 people | $61.1M5 people | −$61.1M |
| 12 months | $00 people | $86.3M7 people | −$86.3M |
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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