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

Simplified Detailed

	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
Returns
Return on equity	205.7%+13.0pp	192.7%+18.0pp	174.8%+21.1pp	153.7%+31.8pp
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×
Leverage
Debt-to-equity	2.9×+0.8×	2.1×-0.1×	2.2×-0.6×	2.7×+0.5×
Net debt / EBITDA	0.9×+0.7×	0.3×+0.1×	0.1×-1.1×	1.3×+0.8×
Valuation
Market capitalization	$2.64T+22.9%	$2.15T+15.9%	$1.85T+7.2%	$1.73T-10.4%
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×
Dividend yield	2.7%-0.3pp	3%-0.1pp	3.1%+0.2pp	2.9%+0.6pp

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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.