Visa V Ratios & Valuation
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Operating margin | 242.5%-17.0pp | 245.1%-14.9pp | 250.7%-9.9pp | 256.4%-2.8pp | 259.5%+1.0pp | |
| Net margin | 204.2%-12.6pp | 205.4%-12.4pp | 209.4%-8.0pp | 214.2%-1.2pp | 216.8%+4.2pp | |
| EBITDA margin | 254.6%-16.5pp | 257.2%-14.3pp | 262.7%-9.4pp | 268.2%-2.5pp | 271.2%+1.2pp | |
| Free cash flow margin | 215.4%-0.9pp | 220.6%+1.1pp | 220.7%-0.8pp | 218.7%-11.0pp | 216.3%-17.8pp | |
| Returns | ||||||
| Return on equity | 218.1%+17.0pp | 208.4%+11.5pp | 205.7%+13.0pp | 204.3%+15.8pp | 201.1%+16.8pp | |
| Return on assets | 87.6%+1.8pp | 85.4%+0.5pp | 85.2%+1.7pp | 85.8%+4.1pp | 85.8%+6.4pp | |
| Return on invested capital | 195.4%+5.1pp | 190.4%+2.5pp | 187%+1.9pp | 190%+10.2pp | 190.3%+17.0pp | |
| Efficiency | ||||||
| Asset turnover | 1.7×+0.1× | 1.7×+0.1× | 1.6×+0.1× | 1.6×+0.1× | 1.6×+0.1× | |
| Liquidity | ||||||
| Current ratio | 4.4×-0.5× | 4.4×-0.8× | 4.4×-1.1× | 4.6×-1.1× | 4.9×-0.9× | |
| Quick ratio | 4.4×-0.5× | 4.4×-0.8× | 4.4×-1.1× | 4.6×-1.1× | 4.9×-0.9× | |
| Cash ratio | 2.8×-0.1× | 2.8×-0.3× | 2.7×-0.5× | 2.8×-0.7× | 2.9×-0.7× | |
| Leverage | ||||||
| Debt-to-equity | 2.9×+0.6× | 2.9×+0.6× | 2.9×+0.8× | 2.6×+0.5× | 2.4×+0.3× | |
| Debt-to-assets | 1.1×+0.1× | 1.1×+0.2× | 1.2×+0.3× | 1.1×+0.2× | 1×+0.1× | |
| Net debt / EBITDA | 0.7×+0.2× | 0.7×+0.3× | 0.9×+0.7× | 0.7×+0.6× | 0.5×+0.5× | |
| Interest coverage | 167.4×+24.3× | 158.7×+14.7× | 155.5×-4.3× | 151.6×-216× | 143.2×-214× | |
| Valuation | ||||||
| Market capitalization | $2.61T+10.4% | $2.7T+20.9% | $2.64T+22.9% | $2.52T+22.3% | $2.36T+16.8% | |
| Enterprise value | $2.63T+10.5% | $2.72T+21.2% | $2.66T+23.6% | $2.54T+23.0% | $2.38T+17.4% | |
| Price / earnings | 125.6×+5.6× | 133.4×+17.6× | 131.5×+17.3× | 126.3×+12.9× | 119.9×+4.7× | |
| Price / sales | 64.1×-0.9× | 68.5×+5.5× | 68.8×+6.7× | 67.6×+6.5× | 64.9×+3.7× | |
| Price / book | 69×+8.0× | 70.5×+13.7× | 69×+15.0× | 65.6×+13.6× | 61×+9.8× | |
| EV / EBITDA | 101.4×+5.0× | 107.3×+14.0× | 105.8×+14.2× | 101.6×+11.2× | 96.4×+5.6× | |
| EV / sales | 64.5×-0.7× | 69×+5.7× | 69.4×+7.2× | 68×+6.8× | 65.3×+4.0× | |
| Free cash flow yield | 13.5%+0.1pp | 12.9%-1.0pp | 12.8%-1.4pp | 13%-2.1pp | 13.4%-1.9pp | |
| Earnings yield | 12.9%-0.6pp | 12%-1.8pp | 12.2%-1.8pp | 12.8%-1.4pp | 13.4%-0.5pp | |
| Dividend yield | 2.9%0.0pp | 2.7%-0.3pp | 2.7%-0.3pp | 2.8%-0.3pp | 2.9%-0.1pp | |
| PEG ratio | 36.3×+25.7× | 38.3×+30.0× | 33.1×+26.0× | 14.4×+7.5× | 10.7×+3.3× |
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.
