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

	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25
Profitability
Operating margin	242.5%-2.6pp	245.1%-5.7pp	250.7%-5.7pp	256.4%-3.1pp	259.5%-0.4pp
Net margin	204.2%-1.2pp	205.4%-4.0pp	209.4%-4.8pp	214.2%-2.6pp	216.8%-1.0pp
Returns
Return on equity	218.1%+9.7pp	208.4%+2.8pp	205.7%+1.4pp	204.3%+3.2pp	201.1%+4.1pp
Return on invested capital	195.4%+5.0pp	190.4%+3.4pp	187%-3.0pp	190%-0.3pp	190.3%+2.5pp
Efficiency
Asset turnover	1.7×+0.1×	1.7×0.0×	1.6×0.0×	1.6×0.0×	1.6×0.0×
Liquidity
Current ratio	4.4×0.0×	4.4×0.0×	4.4×-0.2×	4.6×-0.3×	4.9×-0.3×
Leverage
Debt-to-equity	2.9×+0.1×	2.9×-0.1×	2.9×+0.3×	2.6×+0.3×	2.4×+0.1×
Net debt / EBITDA	0.7×0.0×	0.7×-0.2×	0.9×+0.2×	0.7×+0.2×	0.5×+0.1×
Valuation
Market capitalization	$2.61T-3.5%	$2.7T+2.4%	$2.64T+4.5%	$2.52T+6.9%	$2.36T+5.7%
Price / earnings	125.6×-7.9×	133.4×+1.9×	131.5×+5.2×	126.3×+6.4×	119.9×+4.1×
Price / sales	64.1×-4.5×	68.5×-0.3×	68.8×+1.3×	67.6×+2.6×	64.9×+1.9×
Price / book	69×-1.5×	70.5×+1.5×	69×+3.4×	65.6×+4.6×	61×+4.2×
EV / EBITDA	101.4×-5.9×	107.3×+1.5×	105.8×+4.1×	101.6×+5.2×	96.4×+3.1×
Dividend yield	2.9%+0.2pp	2.7%0.0pp	2.7%-0.1pp	2.8%-0.1pp	2.9%-0.1pp

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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.