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Visa V Ratios & Valuation

Q3 '26Q2 '26Q1 '26Q4 '25Q3 '25
Profitability
Gross margin97.7%-0.1pp97.8%0.0pp97.8%0.0pp97.8%-0.1pp97.8%0.0pp
Operating margin60.7%-1.5pp61.1%-2.6pp59.2%-5.7pp60%-5.7pp62.2%-3.1pp
Net margin50.8%-1.4pp51.7%-1.2pp50.2%-4.0pp50.1%-4.8pp52.2%-2.6pp
Returns
Return on equity61.2%+9.4pp60.3%+9.7pp54%+2.8pp52.1%+1.4pp51.8%+3.2pp
Return on invested capital51.3%+4.4pp51.3%+5.0pp50.7%+3.4pp46.5%-3.0pp46.9%-0.3pp
Efficiency
Asset turnover0.5×+0.1×0.5×+0.1×0.4×0.0×0.4×0.0×0.4×0.0×
Liquidity
Current ratio-0.1×1.1×0.0×1.1×0.0×1.1×-0.2×1.1×-0.3×
Leverage
Debt-to-equity0.8×0.0×0.7×+0.1×0.6×-0.1×0.8×+0.3×0.8×+0.3×
Net debt / EBITDA0.3×0.0×0.2×0.0×-0×-0.2×0.3×+0.2×0.2×+0.2×
Per Share
Book value per share$18.53-6.1%$18.61-3.4%$20.06+4.0%$19.280.0%$19.74+0.8%
Valuation
Market capitalization$683.58B+2.9%$581.28B-14.0%$676.18B+10.5%$662.6B+20.6%$686.91B+30.9%
Price / earnings30.3×-2.5×26.1×-7.9×32.5×+1.9×33×+5.2×33.9×+6.4×
Price / sales15.4×-1.7×13.5×-4.5×16.3×-0.3×16.6×+1.3×17.7×+2.6×
Price / book19.4×+2.3×16.3×-1.5×17.4×+1.5×17.5×+3.4×17.8×+4.6×
EV / EBITDA24.4×-2.0×21.3×-5.9×26.2×+1.5×26.5×+4.1×27.3×+5.2×
Dividend yield0.7%0.0pp0.8%+0.2pp0.7%0.0pp0.7%-0.1pp0.7%-0.1pp

FAQ

What are Visa's profit margins?
Visa (V) runs a 97.7% gross margin and a 60.7% operating margin, with a 50.8% net margin.
Where do Visa's ratios come from?
Every ratio is computed from Visa's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.