Sunday 15 November 2026 Export V’s income statement to Excel — free account

Visa Inc.

Financial Credit Services

Visa Inc.’s revenue for fiscal 2026 (year ended September 2026) was $45.9 billion, up 14.8% from fiscal 2025.

Revenue: +13.2%
EPS: +27.6%
Free cash flow: +17.9%
Total debt: −12.3%

Quarter to September 2026, against a year earlier

S&P 500
Dow Jones
Dividend growth 10 yrs
Revenue growth 5 yrs
Insiders net sold $113.9M · 24 sells, 0 buys · own 5.29%

425.76 5.45 +1.30%

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Market cap: $779.4B
P/E: 32.9×
Fwd P/E: 28.6×
Dividend yield: 0.66%
F-score: 7/9
ROIC: 40.4%
Net debt / EBITDA: 0.2×
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Latest quarter Q4 FY2026 · quarter to September 2026

Reported 27 Oct 2026

Q4 FY26 On Q4 FY25 Against consensus

Revenue $12.1B on Q4 FY25 +13.2% In lineconsensus $12.1B

EPS, diluted $3.07 on Q4 FY25 +17.0% Beat by $0.05adjusted $3.48 v $3.43

The consensus is analysts’ estimate of revenue and of adjusted EPS. Free cash flow is operating cash flow less capital expenditures.

Revenue growth on a year earlier

Revenue growth has slowed two quarters running, from 17% to 13%.

Revenue growth on a year earlier, by quarter
Q1 FY25	10%
Q2 FY25	9%
Q3 FY25	14%
Q4 FY25	12%
Q1 FY26	15%
Q2 FY26	17%
Q3 FY26	14%
Q4 FY26	13%

Reports 4 Feb 2027 · Q1 FY27 · consensus EPS $3.64

All quarters →

Capital & Financial Ratios $m

Size

Market Cap 779,420

Revenue ttm 45,903

Net income ttm 23,504

Free cash flow ttm 22,057

Net debt Q 7,360

Valuation

P/E 32.9

Forward P/E 28.6

Price / sales 16.6

Forward P/S Powerpack

Price / FCF 34.6

Price / book 21.5

Financial health

Current ratio Q 1.0

Debt / equity Q 0.6

Interest coverage Q 37.8

Growth

EPS, this year +13.4%

EPS, next year A +14.0%

Revenue, next year A +11.3%

EPS, next 5 yrs A +13.6%

Compound annual growth
	10y	5y	3y
Sales	11.77%	13.75%	12.02%
Cash Flow	15.59%	9.28%	4.56%
Earnings	14.65%	13.81%	10.81%
Book Value	0.93%	(0.80%)	(2.31%)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation

The price implies the dividend a share growing 34.6% a year for ten years. It grew 17.5% a year over the last ten.

Implied: 34.6%
10 years, reported: 17.5%

Open the model

P/E against its own 10 years 48.23%

10-year low 10-year high

P/S against its own 10 years 81.71%

10-year low 10-year high

P/B against its own 10 years 99.96%

10-year low 10-year high

Dividends raised every year since 2018

Yield: 0.66%
Annual rate: 2.79
Payout ratio: 22.9%
Growth, 2018–26: +15.5%/yr

0.88 ’18
1.05 ’19 +19
1.22 ’20 +16
1.34 ’21 +9
1.58 ’22 +18
1.87 ’23 +19
2.15 ’24 +15
2.44 ’25 +13
2.79 ’26 +14

paid change on the year, % Powerpack

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	Trend	10 yrs	2027e	2028e	2029e	Next 3/yr
												Ten-year view		Analyst estimates Powerpack
Income, $m
Income, $m	Revenue	18,358	20,609	22,977	21,846	24,105	29,310	32,653	35,926	40,000	45,903		+10.7%	51,069	56,639	62,937	+11.1%
	Gross margin, %	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00		0.0 pt	Powerpack Visa Inc.’s next three years, line by line Analysts expect revenue to grow 11.1% a year to 2029 — in line with the 10.7% of the last 9 years. See the consensus for every other line: earnings, margins, cash flow, valuation and returns. Unlock estimates Try Powerpack free for 7 days, then $99 / year ($8.25 a month). Cancel any time. Also in Powerpack: every quarter, Excel exports, API & MCP access. Compare plans
	EBT	11,694	12,806	14,884	13,790	16,063	18,136	21,037	23,916	24,194	28,093		+10.2%
	EBT margin, %	63.70	62.14	64.78	63.12	66.64	61.88	64.43	66.57	60.49	61.20		(2.5) pt
	Net income	6,699	10,301	12,080	10,866	12,311	14,957	17,273	19,743	20,058	23,504		+15.0%
Per share, $
Per share, $	Revenue	8.73	10.06	11.49	11.19	12.39	15.38	17.43	19.59	21.65	25.47		+12.6%
	Earnings	2.80	4.43	5.32	4.90	5.63	7.01	8.29	9.74	10.22	13.04		+18.6%
	Cash flow	4.43	6.32	6.40	5.35	7.82	9.89	11.08	10.88	12.48	13.17		+12.9%
	Capex	(0.33)	(0.35)	(0.38)	(0.38)	(0.36)	(0.51)	(0.57)	(0.69)	(0.80)	(0.93)		+12.2%
	Free cash flow	4.10	5.97	6.02	4.97	7.46	9.38	10.52	10.19	11.68	12.24		+12.9%
	Book value	15.57	16.60	17.35	18.54	19.32	18.67	20.68	21.34	20.51	20.04		+2.8%
	Shares, m	2,104	2,049	1,999	1,953	1,946	1,906	1,873	1,834	1,848	1,802		(1.7%)
Valuation, ×
Valuation, ×	P/E	37.39	34.04	32.33	40.89	39.56	25.38	27.86	28.23	33.44	27.78		32.7
	P/S	12.08	14.99	14.96	17.88	17.98	11.55	13.27	14.04	15.77	14.05		14.7
	P/B	8.15	10.83	11.77	12.55	12.56	10.18	11.70	13.23	16.98	18.12		12.6
	EV/Sales	12.30	15.24	15.19	18.02	18.05	11.64	13.23	14.11	15.85	—		14.8
	EV/FCF	26.18	25.70	29.02	40.57	29.96	19.08	21.93	27.12	29.39	—		27.7
Cash, $m
Cash, $m	Operating cash flow	9,317	12,941	12,784	10,440	15,227	18,849	20,755	19,950	23,059	23,728		+10.9%
	Capex	(695)	(718)	(756)	(736)	(705)	(970)	(1,059)	(1,257)	(1,482)	(1,671)		+10.2%
	Free cash flow	8,622	12,223	12,028	9,704	14,522	17,879	19,696	18,693	21,577	22,057		+11.0%
Balance, $m
Balance, $m	Working capital	9,029	6,911	7,555	13,135	11,868	9,352	10,434	7,516	2,718	(1,102)		n/m
	Net debt	3,898	3,430	3,450	3,128	1,571	2,479	(1,323)	2,572	3,184	7,360		+7.3%
	Shareholders’ equity	32,760	34,006	34,684	36,210	37,589	35,581	38,733	39,137	37,909	36,111		+1.1%
Returns, %
Returns, %	ROA	10.15	15.02	17.04	14.16	15.03	17.76	19.63	21.34	20.66	24.23		+14.1 pt
	ROIC	20.70	21.63	24.59	22.37	25.22	30.89	35.08	35.36	36.49	40.41		+19.7 pt
	ROE	24.62	36.94	41.83	36.01	37.51	44.14	49.15	52.55	53.30	64.60		+40.0 pt
People
People	Employees	—	17,000	19,500	20,500	21,500	26,500	28,800	31,600	34,100	34,800		+9.4%
	Revenue/emp, $m	0.00	1.21	1.18	1.07	1.12	1.11	1.13	1.14	1.17	1.32		n/m

Negative figures in brackets.

estimates

All 10 years →

Fiscal years to Sep 2026 · latest quarter Sep 2026 · fundamentals updated 10 Nov 2026

Business profile

Updated 5 November 2026

Visa is a payments technology company that helps money move between consumers, sellers, financial institutions, businesses and governments. It was founded in 1958, is headquartered in Mission Rock and is led by Chief Executive Officer Ryan McInerney.

Visa’s network, VisaNet, connects the parties involved in a payment. In a typical card purchase, the seller’s payment provider sends transaction details through Visa to the financial institution that issued the card. The issuer checks the account and authorizes the purchase; Visa also provides clearing and settlement services that help the parties complete it.

Read the full business profile →

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by regions, and margins
International	28,480	62.04%
UNITED STATES	17,423	37.96%
Gross margin		100.00%
Operating margin		61.24%
Pre-tax margin		61.20%

Revenue by segment since 2017

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
V Visa Inc.	$779.4B	32.9×	28.6×	+13.19% (above 0%: growing)	+27.62% (above 0%: growing)	+17.85% (above 0%: growing)	100.00%	59.82%
MA Mastercard Incorporated	$568.5B	34.5×	33.7×	+14.01% (above 0%: growing)	+21.59% (above 0%: growing)	−10.28% (below 0%: shrinking)	100.00%	59.77%	Compare
AXP American Express Company	$213.3B	18.0×	17.4×	+6.92% (above 0%: growing)	+31.16% (above 0%: growing)	−20.47% (below 0%: shrinking)	91.27%	0.00%	Compare
COF Capital One Financial Corporation	$116.5B	11.5×	11.1×	+3.24% (above 0%: growing)	+16.36% (above 0%: growing)	−39.32% (below 0%: shrinking)	80.29%	0.00%	Compare
PYPL PayPal Holdings, Inc.	$48.4B	11.2×	11.7×	+1.98% (above 0%: growing)	−3.53% (below 0%: shrinking)	−16.59% (below 0%: shrinking)	40.96%	16.33%	Compare
AFRM Affirm Holdings, Inc.	$22.3B	11.0×	31.7×	+35.24% (above 0%: growing)	+100.00% (above 0%: growing)	−54.85% (below 0%: shrinking)	0.00%	14.82%	Compare
SYF Synchrony Financial	$22.3B	7.5×	7.6×	+0.60% (above 0%: growing)	−6.23% (below 0%: shrinking)	−5.27% (below 0%: shrinking)	83.39%	0.00%	Compare
SOFI SoFi Technologies, Inc.	$20.3B	26.8×	25.3×	+41.86% (above 0%: growing)	+55.33% (above 0%: growing)	−127.55% (below 0%: shrinking)	77.00%	0.00%	Compare
ALLY Ally Financial Inc.	$11.4B	8.7×	8.1×	+4.53% (above 0%: growing)	+10.92% (above 0%: growing)	+32.70% (above 0%: growing)	62.76%	0.00%	Compare
Median of peers	$35.4B	11.4×	14.5×	+5.72%	+18.98%	−18.53%	78.65%	0.00%

All 53 Credit Services stocks →

From the latest earnings call

Updated 5 November 2026

CFO Chris Suh said fiscal fourth-quarter cross-border volume growth accelerated from the prior quarter, primarily because of travel, while client incentives rose following new deals.
CEO Ryan McInerney said Visa expects value-added services revenue growth in the low to mid-20s in fiscal 2027, supported by underlying business drivers and client demand.

Read the Earnings & Analysis →

Analyst rating changes each firm’s latest, last six months

Firm	Date	Action	Rating	Target
BMO	Oct 23, 2026	Target raised	—	405.00 → 425.00
BMO Capital	Oct 19, 2026	Target raised	—	—
Baird	Oct 19, 2026	Target raised	—	—
Keefe Bruyette	Oct 13, 2026	Reiterated	Outperform	430.00

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 87.11%

Held by the ten largest 39.36%

Holder	Shares	Stake	Change
Vanguard	160.53m	9.42%	−1.52m
BlackRock	137.67m	8.08%	+1.48m
State Street	82.87m	4.86%	+566.19k
Capital Group	57.82m	3.39%	+1.89m
Morgan Stanley	45.96m	2.70%	−19.60k
Geode Capital Management	45.29m	2.66%	+401.64k
Fidelity (FMR)	42.93m	2.52%	−1.98m
T. Rowe Price	38.81m	2.28%	−4.83m
TCI FUND MANAGEMENT LTD	30.49m	1.79%	+26.00k
UBS	28.42m	1.67%	+2.46m

13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Visa Inc. (V) Latest News

What happened

Deal Visa added Western Union’s USDPT stablecoin, issued by Anchorage Digital, as an option for settling VisaNet obligations. 12–13 Nov
Deal Visa agreed to acquire fraud-detection provider BioCatch for $2.4 billion. 8–12 Nov
Product Visa added the Monad blockchain as an option for banks and payment firms settling stablecoins. 10–11 Nov
Results Visa reported record fiscal 2026 results, with fourth-quarter revenue up 13% and adjusted earnings up 17%. 5–6 Nov
Capital Visa raised its quarterly dividend 16% to $0.78 per share after reporting fiscal 2026 results. 2–6 Nov

29 Oct +2.5% Impact 4 Visa Reports Tenfold Increase In Stablecoin Settlements cryptoprowl.com
29 Oct Impact 4 Visa: 3 Key Takeaways for Long-Term Investors The Motley Fool
29 Oct Impact 4 Visa's Stablecoin Volume Grew 10x in a Year: Which Stablecoins Benefit? beincrypto.com
28 Oct −0.3% Impact 4 Visa: Fiscal Q4 Earnings Snapshot Associated Press
28 Oct Impact 4 Visa Q4 Earnings Call Highlights FY27 Outlook and Growth Priorities Zacks
28 Oct Impact 4 Visa adapts to tech innovations paymentsdive.com
28 Oct Impact 4 Money 20/20 USA: StraitsX CEO Tianwei Liu on stablecoins for everyday spending NYSE
28 Oct Impact 4 Visa earnings rise as payments growth offsets higher client incentives Proactive Investors earnings
28 Oct Impact 4 Visa Q4 Earnings Beat Estimates on Strong Payment Volumes Zacks
28 Oct Impact 4 Visa (V) Q4 2026 Earnings Call Transcript The Motley Fool transcript

18 more headlines

10 Nov +0.2% Visa’s Services Grow Over 20% as Company Pushes Beyond Payments MarketBeat
9 Nov −0.1% Visa Sees 20%‑Plus Services Growth as U.S. Payment Volumes Gain Momentum MarketBeat
30 Oct +0.7% V Q3 deep dive: value-added services and agentic commerce drive steady growth StockStory
28 Oct −0.3% Visa Says the U.S. Consumer Isn’t Cracking 24/7 Wall St.
28 Oct Visa Just Hiked Its Dividend 16.4%. The Small Yield Is Hiding a Compounding Machine 24/7 Wall St.
28 Oct Is AmEx Stock a Buy After Q3 Earnings Beat? Premium Appeal Shines Zacks
28 Oct Visa Stock Inches Lower Despite Revenue Beat TIKR earnings
27 Oct −0.6% Visa (V) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates Zacks
27 Oct Impact 4 Visa Beats Fourth-Quarter Views as Payments Volume Increases MT Newswires earnings
27 Oct Impact 4 Visa shares fall as weak 2027 outlook overshadows fourth-quarter earnings beat Investing.com
27 Oct Visa’s (NYSE:V) Q3 CY2026 earnings results: revenue in line with expectations StockStory
27 Oct Visa (V) Beats Q4 Earnings and Revenue Estimates Zacks
27 Oct Visa Fiscal Fourth Quarter and Full-Year 2026 Financial Results Business Wire
27 Oct Huntington explores stablecoins as banks block AI agents TheStreet
27 Oct Impact 4 Visa (V) Is Defending A £5 Billion UK Card Fee Lawsuit Simply Wall St.
27 Oct Mastercard Looks Poised for a Q3 Earnings Beat: Time to Buy? Zacks
27 Oct VGS to Host Annual Agent Connect, the Premier Industry Gathering Shaping the Future of Agentic Commerce Business Wire
27 Oct Are You Looking for a Top Momentum Pick? Why Visa (V) is a Great Choice Zacks

All V news, as stories →

Visa Inc.

Latest quarter Q4 FY2026 · quarter to September 2026

Capital & Financial Ratios $m

Valuation

Dividends raised every year since 2018

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to September

Business profile

Where the money comes from and where it goes Fiscal 2026

Visa Inc. vs peers in Credit Services (Q) = latest quarter vs a year earlier

From the latest earnings call

Analyst rating changes each firm’s latest, last six months

Largest institutional holders 13F, quarter to 30 June 2026

Visa Inc. (V) Latest News

What happened

V metrics, ten years each

Latest quarter Q4 FY2026 · quarter to September 2026

Capital & Financial Ratios $m

Valuation

Dividends raised every year since 2018

Target Price Range

Recommendation Rating

Ten years at a glance Fiscal years to September

Business profile

Where the money comes from and where it goes Fiscal 2026

Visa Inc. vs peers in Credit Services (Q) = latest quarter vs a year earlier

From the latest earnings call

Analyst rating changes each firm’s latest, last six months

Largest institutional holders 13F, quarter to 30 June 2026

Visa Inc. (V) Latest News

What happened

V metrics, ten years each

Stockrow Weekly