Visa V Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Operating margin | 250.7%-9.9pp | 260.6%+5.0pp | 255.7%-5.1pp | 260.8%+2.3pp | |
| Net margin | 209.4%-8.0pp | 217.5%+11.4pp | 206.1%+0.3pp | 205.7%+6.8pp | |
| EBITDA margin | 262.7%-9.4pp | 272.1%+4.8pp | 267.3%-5.5pp | 272.9%+0.2pp | |
| Free cash flow margin | 220.7%-0.8pp | 221.4%-14.9pp | 236.3%+1.7pp | 234.7%+21.9pp | |
| Returns | |||||
| Return on equity | 205.7%+13.0pp | 192.7%+18.0pp | 174.8%+21.1pp | 153.7%+31.8pp | |
| Return on assets | 85.2%+1.7pp | 83.4%+8.0pp | 75.4%+7.1pp | 68.3%+12.0pp | |
| Return on invested capital | 187%+1.9pp | 185.1%+20.2pp | 164.9%+24.5pp | 140.4%+28.8pp | |
| Efficiency | |||||
| Asset turnover | 1.6×+0.1× | 1.5×+0.1× | 1.5×+0.1× | 1.3×+0.2× | |
| Liquidity | |||||
| Current ratio | 4.4×-1.1× | 5.5×-0.4× | 5.9×+0.3× | 5.6×-2.4× | |
| Quick ratio | 4.4×-1.1× | 5.5×-0.4× | 5.9×+0.3× | 5.6×-2.4× | |
| Cash ratio | 2.7×-0.5× | 3.3×-0.6× | 3.9×+0.1× | 3.8×-2.0× | |
| Leverage | |||||
| Debt-to-equity | 2.9×+0.8× | 2.1×-0.1× | 2.2×-0.6× | 2.7×+0.5× | |
| Debt-to-assets | 1.2×+0.3× | 0.9×0.0× | 0.9×-0.2× | 1.2×+0.1× | |
| Net debt / EBITDA | 0.9×+0.7× | 0.3×+0.1× | 0.1×-1.1× | 1.3×+0.8× | |
| Interest coverage | 155.5×-4.3× | 159.8×-182× | 342.3×— | —— | |
| Valuation | |||||
| Market capitalization | $2.64T+22.9% | $2.15T+15.9% | $1.85T+7.2% | $1.73T-10.4% | |
| Enterprise value | $2.66T+23.6% | $2.15T+16.1% | $1.85T+5.9% | $1.75T-9.5% | |
| Price / earnings | 131.5×+17.3× | 114.2×-0.2× | 114.5×-8.7× | 123.2×-50.4× | |
| Price / sales | 68.8×+6.7× | 62.1×+3.2× | 58.9×-4.4× | 63.4×-22.8× | |
| Price / book | 69×+15.0× | 54×+5.7× | 48.3×+0.1× | 48.2×-3.0× | |
| EV / EBITDA | 105.8×+14.2× | 91.5×+3.2× | 88.3×-5.7× | 94×-33.0× | |
| EV / sales | 69.4×+7.2× | 62.3×+3.3× | 59×-5.2× | 64.2×-22.3× | |
| Free cash flow yield | 12.8%-1.4pp | 14.3%-1.8pp | 16.1%+0.9pp | 15.1%+5.2pp | |
| Earnings yield | 12.2%-1.8pp | 14%0.0pp | 14%+0.7pp | 13.2%+4.0pp | |
| Dividend yield | 2.7%-0.3pp | 3%-0.1pp | 3.1%+0.2pp | 2.9%+0.6pp | |
| PEG ratio | 33.1×+26.0× | 7.1×-0.7× | 7.8×+3.1× | 4.7×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- 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.
