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%-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
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 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×
Leverage
Debt-to-equity	2.9×+0.6×	2.9×+0.6×	2.9×+0.8×	2.6×+0.5×	2.4×+0.3×
Net debt / EBITDA	0.7×+0.2×	0.7×+0.3×	0.9×+0.7×	0.7×+0.6×	0.5×+0.5×
Valuation
Market capitalization	$2.61T+10.4%	$2.7T+20.9%	$2.64T+22.9%	$2.52T+22.3%	$2.36T+16.8%
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×
Dividend yield	2.9%0.0pp	2.7%-0.3pp	2.7%-0.3pp	2.8%-0.3pp	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.