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Visa

V

Visa is a global leader in digital payments, operating a massive transaction processing network that facilitates secure and efficient commerce.

Market cap
$669.79B-4.5%
Revenue$43.0B+14.4%
Net income$22.2B+11.8%
Free cash flow$21.2B+3.3%
EPS (diluted)$11.47+15.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Jul 28, 2026 (In 2 weeks)
Revenue estimate$11.4B
EPS estimate$3.22

Financials

Q2 2026

Income statement

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Revenue$11.2B+17.1%
Gross profit$11.0B+17.1%
Operating income$7.2B+33.1%
Net income$6.0B+31.5%
EPS (diluted)$3.14+35.3%

Balance sheet

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Cash & equivalents$18.7B-2.2%
Total debt$25.5B+3.3%
Total equity$35.7B-6.2%
Total assets$95.0B+2.4%

Cash flow

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Operating cash flow$3.0B-35.9%
CapEx$383.0M+17.1%
Free cash flow$2.6B-39.9%

Valuation & ratios

Valuation

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Market cap$669.79B-4.5%
Enterprise value$676.62B-3.1%
P/E30.1×-4.0×
P/S15.6×-2.2×

Profitability

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Gross margin97.8%0.0pp
Operating margin61.1%-2.6pp
Net margin51.7%-1.2pp
FCF margin49.2%-5.3pp

Returns & leverage

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Return on equity60.3%+9.7pp
Debt / equity0.7×+0.1×
Current ratio1.1×0.0×

Segments

By product

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Data processing revenue$5.5B+17.9%
Service revenue$5.0B+13.2%
International transaction revenue$3.6B+10.3%
Other revenue$1.3B+40.9%
Client incentives-$4.2B-13.7%

Competitors

Profile

Visa is a global leader in digital payments, operating a massive transaction processing network that facilitates secure and efficient commerce. The company acts as a central intermediary in a four-party model, connecting consumers, financial institutions, and merchants across more than 200 countries. Its core value proposition lies in providing the infrastructure for authorization, clearing, and settlement of global money movement.

Competitive position

Visa maintains a dominant global market position as one of the largest payment networks, leveraging massive scale and a deeply entrenched 'four-party' ecosystem.

GeographiesGlobal, North America, Europe, Asia-Pacific, Latin America, Middle East, Africa
Customer segmentsFinancial institutions, Retailers, Government agencies, Small and medium enterprises
Business modelTransaction-based processing fees, Network-as-a-Service, B2B payments infrastructure
SuppliersTechnology infrastructure providers, Telecommunications networks, Cybersecurity service providers, Regulatory bodies
CustomersCard-issuing banks, Merchant acquirers, E-commerce platforms, Point-of-sale hardware providers
Listed2008
Employees28.8K
CEORyan McInerney
FilingsSEC EDGAR

Questions, answered.

What is Visa's market cap?
Visa (V) has a market capitalization of $669.79B and trades on NYSE.
What is Visa's revenue and profitability?
Visa generated $43.0B in trailing twelve-month revenue with net income of $22.2B, representing a net margin of 51.7%. Gross margin stands at 97.8%, with free cash flow of $21.2B. These figures are based on the Q1 2026 filing.
Who are Visa's competitors?
Visa's key competitors include Mastercard, American Express, PayPal, and others. These companies compete in similar markets and product categories.
Where is Visa headquartered?
Visa is headquartered in United States of America and employs approximately 28,800 people. It has been publicly traded since 2008.