Friday 6 November 2026
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Visa Inc.
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
422.78
0.19
+0.04%
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| Sep '17 | Sep '18 | Sep '19 | Sep '20 | Sep '21 | Sep '22 | Sep '23 | Sep '24 | Sep '25 | Sep '26 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 7 | 7 | 4 | 7 | 7 | 8 | 7 | 5 | 7 |
P/E ratio |
37.39 | 34.04 | 32.33 | 40.89 | 39.56 | 25.38 | 27.86 | 28.23 | 33.44 | 27.78 |
P/S ratio |
12.08 | 14.99 | 14.96 | 17.88 | 17.98 | 11.55 | 13.27 | 14.04 | 15.77 | 14.05 |
P/FCF ratio |
25.73 | 25.28 | 28.59 | 40.25 | 29.85 | 18.94 | 21.99 | 26.98 | 29.24 | 29.24 |
P/Operating CF |
77.14 | 88.89 | 85.07 | 186.33 | 109.16 | 57.62 | 62.53 | 75.67 | 101.13 | 87.33 |
P/B ratio |
8.15 | 10.83 | 11.77 | 12.55 | 12.56 | 10.18 | 11.70 | 13.23 | 16.98 | 18.12 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
12.30 | 15.24 | 15.19 | 18.02 | 18.05 | 11.64 | 13.23 | 14.11 | 15.85 | — |
EV/EBITDA |
17.78 | 23.17 | 22.29 | 26.51 | 26.19 | 17.34 | 19.68 | 20.58 | 25.15 | — |
EV/Operating CF |
24.23 | 24.28 | 27.30 | 37.71 | 28.57 | 18.10 | 20.81 | 25.41 | 27.50 | — |
EV/FCF |
26.18 | 25.70 | 29.02 | 40.57 | 29.96 | 19.08 | 21.93 | 27.12 | 29.39 | — |
Quick Ratio |
1.70 | 1.41 | 1.33 | 1.64 | 1.47 | 1.15 | 1.14 | 0.95 | 0.84 | 0.65 |
Current Ratio |
1.90 | 1.61 | 1.56 | 1.91 | 1.75 | 1.45 | 1.45 | 1.28 | 1.08 | 0.97 |
Net Debt/EBITDA |
0.31 | 0.25 | 0.22 | 0.21 | 0.09 | 0.13 | (0.06) | 0.10 | 0.13 | 0.25 |
Debt/Assets |
27.02% | 24.02% | 23.05% | 29.75% | 25.31% | 26.26% | 22.73% | 22.05% | 25.27% | 23.39% |
Debt/Equity |
0.56 | 0.49 | 0.48 | 0.66 | 0.56 | 0.63 | 0.53 | 0.53 | 0.66 | 0.61 |
Asset Turnover |
0.28 | 0.30 | 0.32 | 0.28 | 0.29 | 0.35 | 0.37 | 0.39 | 0.41 | 0.47 |
Operating CF/Net income |
1.39 | 1.26 | 1.06 | 0.96 | 1.24 | 1.26 | 1.20 | 1.01 | 1.15 | 1.01 |
Capex/Depreciation |
(1.25) | (1.19) | (1.15) | (0.96) | (0.88) | (1.13) | (1.12) | (1.22) | (1.21) | (1.19) |
Interest Coverage |
21.57 | 21.17 | 28.14 | 27.29 | 30.81 | 34.97 | 32.61 | 36.81 | 40.74 | 37.08 |
| 24.62% | 36.94% | 41.83% | 36.01% | 37.51% | 44.14% | 49.15% | 52.55% | 53.30% | 64.60% | |
| 10.15% | 15.02% | 17.04% | 14.16% | 15.03% | 17.76% | 19.63% | 21.34% | 20.66% | 24.23% | |
ROIC |
20.70% | 21.63% | 24.59% | 22.37% | 25.22% | 30.89% | 35.08% | 35.36% | 36.49% | 40.41% |
Return on Tangible Assets |
59.38% | 109.78% | 117.85% | 68.46% | 84.42% | 118.94% | 124.63% | 174.10% | 288.44% | 592.94% |
Average Days of Receivables |
50.78 | 49.41 | 72.91 | 48.15 | 56.42 | 49.21 | 50.01 | 71.27 | 66.77 | 45.94 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
27.34% | 27.90% | 26.98% | 28.66% | 28.06% | 27.38% | 27.71% | 27.99% | 28.33% | 29.54% |
Intangible Assets out of Total Assets |
0.63 | 0.62 | 0.58 | 0.54 | 0.53 | 0.50 | 0.49 | 0.48 | 0.48 | 0.51 |
Share Based Compensation of Revenue |
1.28% | 1.59% | 1.77% | 1.90% | 2.25% | 2.05% | 2.34% | 2.37% | 2.24% | 2.02% |
Graham Net Nets |
(0.07) | (0.05) | (0.05) | (0.04) | (0.04) | (0.06) | (0.04) | (0.04) | (0.04) | (0.04) |
Graham Number |
28.66 | 37.26 | 41.83 | 41.87 | 47.40 | 52.42 | 60.77 | 67.48 | 67.97 | 75.97 |
Earnings Yield |
2.67% | 2.94% | 3.09% | 2.45% | 2.53% | 3.94% | 3.59% | 3.54% | 2.99% | 3.60% |
Free Cash Flow Yield |
3.89% | 3.96% | 3.50% | 2.48% | 3.35% | 5.28% | 4.55% | 3.71% | 3.42% | 3.42% |
Revenue per Share |
8.73 | 10.06 | 11.49 | 11.19 | 12.39 | 15.38 | 17.43 | 19.59 | 21.65 | 25.47 |
Operating CF per Share |
4.43 | 6.32 | 6.40 | 5.35 | 7.82 | 9.89 | 11.08 | 10.88 | 12.48 | 13.17 |
Capex per Share |
(0.33) | (0.35) | (0.38) | (0.38) | (0.36) | (0.51) | (0.57) | (0.69) | (0.80) | (0.93) |
Free Cash Flow per Share |
4.10 | 5.97 | 6.02 | 4.97 | 7.46 | 9.38 | 10.52 | 10.19 | 11.68 | 12.24 |
Cash per Share |
6.88 | 6.44 | 6.64 | 10.72 | 9.97 | 10.48 | 11.69 | 9.96 | 11.90 | 8.16 |
Shareholders Equity per Share |
15.57 | 16.60 | 17.35 | 18.54 | 19.32 | 18.67 | 20.68 | 21.34 | 20.51 | 20.04 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
15.57 | 16.60 | 17.35 | 18.54 | 19.32 | 18.67 | 20.68 | 21.34 | 20.51 | 20.04 |
Free Cash Flow |
8,622.00 | 12,223.00 | 12,028.00 | 9,704.00 | 14,522.00 | 17,879.00 | 19,696.00 | 18,693.00 | 21,577.00 | 22,057.00 |
Working Capital |
9,029.00 | 6,911.00 | 7,555.00 | 13,135.00 | 11,868.00 | 9,352.00 | 10,434.00 | 7,516.00 | 2,718.00 | (1,102.00) |
Capital Expenditures |
(695.00) | (718.00) | (756.00) | (736.00) | (705.00) | (970.00) | (1,059.00) | (1,257.00) | (1,482.00) | (1,671.00) |
Net Current Asset Value |
(16,194.00) | (17,003.00) | (16,920.00) | (17,064.00) | (17,700.00) | (19,715.00) | (18,234.00) | (21,341.00) | (23,952.00) | (27,763.00) |
EV/EBIT |
18.59 | 24.25 | 23.27 | 27.96 | 27.53 | 18.13 | 20.56 | 21.48 | 26.43 | — |
Capex to Sales |
0.04 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 |
Price to Operating Income |
18.27 | 23.85 | 22.92 | 27.74 | 27.43 | 18.00 | 20.63 | 21.37 | 26.29 | 22.95 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.25 | 0.24 | 0.24 | 0.28 | 0.30 | 0.27 | 0.28 | 0.27 | 0.29 | 0.28 |
Cash ROIC |
13.14% | 19.15% | 18.59% | 11.95% | 18.62% | 22.92% | 24.26% | 23.89% | 25.36% | 30.26% |
Accounts Receivable Turnover |
7.25 | 7.71 | 6.23 | 5.85 | 7.30 | 7.63 | 7.75 | 6.25 | 5.58 | 7.01 |
Accounts Payable Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Average Days of Payables |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — | — | — |
Average Receivables |
2,531.00 | 2,672.00 | 3,690.00 | 3,736.00 | 3,304.00 | 3,839.00 | 4,213.00 | 5,744.50 | 7,166.00 | 6,547.50 |
Average Payables |
191.00 | 181.00 | 169.50 | 165.00 | 220.00 | 303.00 | 357.50 | 427.00 | 517.00 | 580.50 |
Average Assets |
66,006.00 | 68,601.00 | 70,899.50 | 76,746.50 | 81,907.50 | 84,198.50 | 88,000.00 | 92,505.00 | 97,069.00 | 96,993.50 |
Average Common Equity |
27,214.50 | 27,885.00 | 28,879.00 | 30,173.00 | 32,816.50 | 33,883.00 | 35,146.00 | 37,570.50 | 37,635.00 | 36,384.00 |
Columns are period end dates · fundamentals updated 2 Nov 2026