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.

Visa V Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q2 '26	Q1 '26	Q4 '25	Q3 '25	Q2 '25
Profitability
Operating margin	61.1%+1.9pp	59.2%-0.8pp	60%-2.2pp	62.2%-1.5pp	63.7%-1.2pp
Net margin	51.7%+1.4pp	50.2%+0.1pp	50.1%-2.0pp	52.2%-0.7pp	52.9%-1.4pp
EBITDA margin	64.1%+1.9pp	62.2%-0.8pp	63%-2.2pp	65.2%-1.4pp	66.7%-1.1pp
Free cash flow margin	49.2%-6.2pp	55.4%+1.5pp	53.9%-2.8pp	56.8%+2.3pp	54.5%-0.9pp
Returns
Return on equity	60.3%+6.4pp	54%+1.9pp	52.1%+0.3pp	51.8%+1.1pp	50.7%-0.5pp
Return on assets	23.7%+1.6pp	22%+1.4pp	20.7%-0.6pp	21.2%-0.2pp	21.5%-0.3pp
Return on invested capital	51.3%+0.6pp	50.7%+4.3pp	46.5%-0.4pp	46.9%+0.6pp	46.3%-1.0pp
Efficiency
Asset turnover	0.5×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Liquidity
Current ratio	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Quick ratio	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×	1.1×0.0×
Cash ratio	0.6×-0.1×	0.7×0.0×	0.7×0.0×	0.7×+0.1×	0.6×-0.1×
Leverage
Debt-to-equity	0.7×+0.1×	0.6×-0.2×	0.8×0.0×	0.8×+0.1×	0.6×0.0×
Debt-to-assets	0.3×0.0×	0.2×-0.1×	0.3×0.0×	0.3×0.0×	0.3×0.0×
Net debt / EBITDA	0.2×+0.3×	-0×-0.3×	0.3×0.0×	0.2×0.0×	0.2×0.0×
Interest coverage	42.3×+1.6×	40.8×0.0×	40.7×-2.9×	43.6×+9.9×	33.6×-3.9×
Valuation
Market capitalization	$581.28B-14.0%	$676.18B+2.1%	$662.6B-3.5%	$686.91B+1.6%	$676.04B+10.5%
Enterprise value	$588.1B-13.0%	$675.77B+1.0%	$669.26B-3.4%	$693.15B+1.7%	$681.62B+10.5%
Price / earnings	26.1×-6.4×	32.5×-0.5×	33×-0.8×	33.9×-0.1×	34×+3.4×
Price / sales	13.5×-2.8×	16.3×-0.2×	16.6×-1.1×	17.7×-0.3×	18×+1.3×
Price / book	16.3×-1.1×	17.4×0.0×	17.5×-0.3×	17.8×0.0×	17.8×+1.8×
EV / EBITDA	21.3×-4.9×	26.2×-0.3×	26.5×-0.8×	27.3×+0.1×	27.2×+2.5×
EV / sales	13.7×-2.7×	16.3×-0.4×	16.7×-1.1×	17.8×-0.3×	18.1×+1.4×
Free cash flow yield	3.6%+0.3pp	3.4%+0.1pp	3.3%0.0pp	3.2%+0.2pp	3%-0.3pp
Earnings yield	3.8%+0.8pp	3.1%0.0pp	3%+0.1pp	3%0.0pp	2.9%-0.3pp
Dividend yield	0.8%+0.1pp	0.7%0.0pp	0.7%0.0pp	0.7%0.0pp	0.7%-0.1pp
PEG ratio	2.2×-5.7×	7.9×-12.8×	20.7×+15.2×	5.5×+1.3×	4.2×+1.4×

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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.