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Visa (V)
The export includes the complete available history of financial statements and ratios. Numbers are provided in full, without million or billion abbreviations, in their original reporting units.
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Visa Financial Ratios 2025-2006 | V
Brief overview of Visa 's market valuation
The comparison uses the five latest available annual observations between 2015 and 2019.
The current valuation set is P/E 32.49x (median 32.49x), P/B 11.31x (median 7.74x), P/CF 32.63x (median 30.76x). The multiple basket looks neutral against its history, differing from median levels by roughly +6.1%.
The 1/P/E calculation produces a 3.1% earnings yield. It does not capture future growth or capital structure.
The latest available business-quality ratios are ROE 52.9%, ROA 20.1%, ROCE 63.3%. Current resource returns are convincing and help explain a higher market valuation.
Price, earnings and growth produce a PEG of 1.32x, a neutral level if forecasts are realistic.
For financial institutions, P/B, ROE and ROA are particularly relevant, while EV/EBITDA and ordinary liquidity ratios have limited comparability.
Overall assessment
Visa 's market valuation is near its own historical norm, while quality ratios provide no extreme signal.
Annual Financial Ratios Visa
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
P/E |
- | - | - | - | - | - | 32.5 | 28.9 | 37.9 | 32.7 | 30.0 | 27.3 | 26.6 | 52.3 | 21.5 | - | - | - | - | - |
P/S |
- | - | - | - | - | - | 17.1 | 14.4 | 13.8 | 13.0 | 13.7 | 11.7 | 11.3 | 10.8 | 8.5 | - | - | - | - | - |
EV (Enterprise Value) |
44.6 B | 43.4 B | 35.5 B | 34.2 B | 28.8 B | 25.5 B | 422 B | 324 B | 279 B | 222 B | 197 B | 158 B | 140 B | 122 B | 84.6 B | 4.53 B | 4.47 B | 7.72 B | -275 M | -270 M |
EBITDA per Share |
- | - | - | - | - | - | 7.33 | 6.33 | 5.52 | 4.3 | 3.91 | 3.42 | 2.93 | 2.03 | 1.74 | - | - | - | - | - |
EV/EBITDA |
1.8 | 1.8 | 1.6 | 1.7 | 1.7 | 26.7 | 25.0 | 21.6 | 20.6 | 20.1 | 19.5 | 17.1 | 17.1 | 16.7 | 13.3 | 0.9 | 3.1 | 5.3 | 0.2 | - |
PEG |
- | - | - | - | - | -3.2 | 1.32 | 0.55 | 2.26 | -8.73 | 1.53 | 2.0 | 0.14 | -1.3 | -0.37 | - | - | - | - | - |
P/B |
- | - | - | - | - | - | 11.3 | 8.7 | 7.7 | 6.0 | 6.4 | 5.4 | 4.9 | 4.1 | 3.0 | - | - | - | - | - |
P/CF |
- | - | - | - | - | - | 32.6 | 24.8 | 29.8 | 38.8 | 30.8 | 22.3 | 52.0 | 24.2 | 22.3 | - | - | - | - | - |
ROE % |
52.91 | 50.45 | 44.60 | 42.04 | 32.75 | 30.01 | 34.83 | 30.29 | 20.45 | 18.20 | 21.21 | 19.84 | 18.53 | 7.76 | 13.81 | 11.86 | 3.29 | 3.80 | 214.77 | - |
ROA % |
20.13 | 20.89 | 19.09 | 17.49 | 14.85 | 13.43 | 16.65 | 14.88 | 9.85 | 9.36 | 15.73 | 14.10 | 13.85 | 5.36 | 10.50 | 8.88 | 2.36 | 2.30 | - | - |
ROCE % |
63.29 | 60.29 | 54.22 | 52.87 | 42.04 | 38.89 | 26.03 | 23.41 | 20.98 | 17.44 | 26.04 | 25.03 | 22.90 | 19.46 | 17.45 | 18.35 | 5.25 | 5.83 | 289.22 | - |
Current Ratio |
1.6 | 1.7 | 1.7 | 1.7 | 1.8 | 1.8 | 1.6 | 1.6 | 1.9 | 1.8 | 2.0 | 1.6 | 1.8 | 1.5 | 2.7 | 4.0 | 3.6 | 2.8 | - | - |
DSO |
25.9 | 24.6 | 24.1 | 24.8 | 27.1 | 26.4 | 72.9 | 49.4 | 50.8 | 66.3 | 35.0 | 48.8 | 52.7 | 47.5 | 38.6 | 20.8 | 73.2 | 10.0 | - | - |
DPO |
27.1 | 24.9 | 22.4 | 22.2 | 18.9 | 15.9 | 13.7 | 17.3 | 20.1 | 26.8 | 18.2 | 22.5 | 28.0 | 25.9 | 34.0 | 43.8 | 46.8 | 22.1 | - | - |
Operating Cycle |
25.9 | 24.6 | 24.1 | 24.8 | 27.1 | 26.4 | 72.9 | 49.4 | 50.8 | 66.3 | 35.0 | 48.8 | 52.7 | 47.5 | 38.6 | 20.8 | 73.2 | 10.0 | - | - |
Cash Conversion Cycle |
-1.2 | -0.2 | 1.7 | 2.7 | 8.2 | 10.5 | 59.2 | 32.1 | 30.7 | 39.5 | 16.9 | 26.3 | 24.8 | 21.6 | 4.6 | -22.9 | 26.4 | -12.1 | - | - |
All numbers in USD currency
Quarterly Financial Ratios Visa
| 2026-Q2 | 2026-Q1 | 2025-Q3 | 2025-Q2 | 2025-Q1 | 2024-Q3 | 2024-Q2 | 2024-Q1 | 2023-Q3 | 2023-Q2 | 2023-Q1 | 2022-Q4 | 2022-Q3 | 2022-Q2 | 2022-Q1 | 2021-Q4 | 2021-Q3 | 2021-Q2 | 2021-Q1 | 2020-Q4 | 2020-Q3 | 2020-Q2 | 2020-Q1 | 2019-Q4 | 2019-Q3 | 2019-Q2 | 2019-Q1 | 2018-Q4 | 2018-Q3 | 2018-Q2 | 2018-Q1 | 2017-Q4 | 2017-Q3 | 2017-Q2 | 2017-Q1 | 2016-Q4 | 2016-Q3 | 2016-Q2 | 2016-Q1 | 2015-Q4 | 2015-Q3 | 2015-Q2 | 2015-Q1 | 2014-Q4 | 2014-Q3 | 2014-Q2 | 2014-Q1 | 2013-Q4 | 2013-Q3 | 2013-Q2 | 2013-Q1 | 2012-Q4 | 2012-Q3 | 2012-Q2 | 2012-Q1 | 2011-Q4 | 2011-Q3 | 2011-Q2 | 2011-Q1 | 2010-Q3 | 2010-Q2 | 2010-Q1 | 2009-Q3 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ROE % |
57.65 | 54.13 | 51.30 | 49.18 | 49.46 | 46.75 | 45.53 | 45.33 | 44.34 | 43.81 | 43.71 | 39.20 | 27.89 | 27.89 | 36.25 | 34.41 | 23.47 | 47.58 | 47.06 | 47.00 | 47.98 | 49.98 | 52.47 | 53.45 | 52.91 | 48.73 | 46.76 | 46.22 | 45.04 | 37.03 | 36.48 | 35.30 | 34.28 | 32.70 | 27.66 | 26.40 | 26.46 | 30.26 | 34.70 | 34.91 | 33.94 | 33.73 | 33.00 | 32.22 | 31.82 | 29.99 | 29.59 | 29.10 | 28.58 | 16.23 | 5.01 | 4.46 | 3.54 | 5.12 | 15.64 | 14.89 | 14.02 | 13.67 | 13.06 | 12.32 | 2.97 | 3.25 | 3.20 |
ROA % |
22.58 | 21.82 | 21.12 | 20.90 | 21.32 | 20.41 | 19.96 | 19.81 | 19.35 | 19.15 | 19.08 | 17.30 | 12.40 | 12.40 | 16.06 | 15.48 | 10.65 | 21.44 | 21.26 | 21.47 | 21.96 | 23.65 | 24.99 | 25.63 | 25.41 | 23.71 | 22.80 | 22.59 | 22.19 | 18.13 | 17.79 | 17.20 | 16.71 | 16.35 | 13.96 | 13.48 | 13.75 | 19.64 | 23.31 | 25.01 | 25.51 | 24.59 | 23.81 | 22.95 | 22.79 | 22.01 | 21.89 | 21.74 | 21.46 | 12.13 | 4.13 | 3.45 | 2.72 | 4.04 | 11.53 | 11.26 | 10.57 | 10.26 | 9.78 | 9.05 | 2.22 | 2.41 | 2.23 |
ROCE % |
67.93 | 63.92 | 61.49 | 58.74 | 59.43 | 56.04 | 54.93 | 55.49 | 54.29 | 54.75 | 54.11 | 51.08 | 37.29 | 37.29 | 47.19 | 44.05 | 30.85 | 61.06 | 58.27 | 58.57 | 59.76 | 62.03 | 65.15 | 66.33 | 65.85 | 61.45 | 58.83 | 58.34 | 57.40 | 56.59 | 57.36 | 56.42 | 56.23 | 44.94 | 37.01 | 36.47 | 34.82 | 41.57 | 47.85 | 46.46 | 46.34 | 46.03 | 45.82 | 45.96 | 45.64 | 43.65 | 43.08 | 42.65 | 41.48 | 23.29 | 7.05 | 5.84 | 5.24 | 8.16 | 22.76 | 22.43 | 21.11 | 20.64 | 20.66 | 18.08 | 4.68 | 5.18 | 3.61 |
Current Ratio |
1.6 | 1.7 | 1.6 | 1.7 | 1.7 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.7 | - | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.9 | 1.8 | 1.8 | 1.8 | 1.9 | 1.9 | 1.9 | 1.9 | 1.9 | 2.0 | 2.0 | 2.0 | 2.0 | 1.9 | 1.9 | 1.9 | 2.0 | 2.1 | 2.1 | 2.1 | 2.2 | 4.1 | 4.1 | 4.1 | 3.5 | 3.5 | 3.5 | 3.5 | 3.9 | 4.0 | 4.0 | 4.0 | 4.3 | 3.2 | 3.2 | 3.2 | 4.2 | 4.2 | 4.2 | 4.2 | 4.1 | 4.0 | 3.9 | 3.3 |
DSO |
27.0 | 25.7 | 25.3 | 25.2 | 24.5 | 24.6 | 24.8 | 25.3 | 24.7 | 24.2 | 24.3 | 23.8 | - | - | 27.3 | 26.7 | - | 28.4 | 29.6 | 27.0 | 8.8 | 30.5 | 26.3 | 24.1 | 8.4 | 24.1 | 24.5 | 21.6 | 7.3 | 21.0 | 22.4 | 22.6 | 7.7 | 22.6 | 21.1 | 22.1 | 8.8 | 26.2 | 20.1 | 22.6 | 7.5 | 22.0 | 22.4 | 23.2 | 7.9 | 23.8 | 22.4 | 23.1 | 7.9 | 23.1 | 22.6 | 24.4 | 8.6 | 25.7 | 21.7 | 21.3 | 21.4 | 22.0 | 19.0 | 22.6 | 24.2 | 22.2 | - |
DPO |
24.5 | 23.1 | 23.0 | 22.7 | 18.5 | 19.4 | 19.5 | 19.4 | 17.3 | 16.2 | 17.6 | 20.4 | - | - | 16.1 | 21.0 | - | 18.2 | 16.3 | 14.2 | 5.5 | 16.9 | 14.3 | 13.4 | 5.5 | 16.3 | 13.0 | 17.4 | 7.1 | 19.6 | 16.4 | 19.3 | 8.3 | 23.4 | 20.0 | 25.6 | 12.1 | 36.4 | 25.6 | 22.4 | 7.4 | 20.5 | 24.0 | 25.3 | 9.7 | 29.0 | 22.2 | 27.7 | 11.7 | 34.1 | 28.9 | 26.7 | 11.1 | 31.9 | 24.0 | 30.0 | 14.4 | 42.5 | 30.9 | 27.5 | 24.3 | 14.5 | - |
Operating Cycle |
- | - | - | - | - | - | - | - | - | - | - | 23.8 | - | - | 27.3 | 26.7 | - | 28.4 | 29.6 | 27.0 | 8.8 | 30.5 | 26.3 | 24.1 | 8.4 | 24.1 | 24.5 | 21.6 | 7.3 | 21.0 | 22.4 | 22.6 | 7.7 | 22.6 | 21.1 | 22.1 | 8.8 | 26.2 | 20.1 | 22.6 | 7.5 | 22.0 | 22.4 | 23.2 | 7.9 | 23.8 | 22.4 | 23.1 | 7.9 | 23.1 | 22.6 | 24.4 | 8.6 | 25.7 | 21.7 | 21.3 | 21.4 | 22.0 | - | - | - | - | - |
Cash Conversion Cycle |
- | - | - | - | - | - | - | - | - | - | - | 3.4 | - | - | 11.2 | 5.7 | - | 10.2 | 13.3 | 12.8 | 3.3 | 13.7 | 12.0 | 10.7 | 2.8 | 7.8 | 11.5 | 4.3 | 0.2 | 1.4 | 5.9 | 3.4 | -0.6 | -0.8 | 1.2 | -3.5 | -3.3 | -10.2 | -5.6 | 0.2 | 0.1 | 1.5 | -1.6 | -2.0 | -1.8 | -5.2 | 0.2 | -4.5 | -3.8 | -10.9 | -6.3 | -2.3 | -2.5 | -6.2 | -2.4 | -8.7 | 7.0 | -20.5 | - | - | - | - | - |
All numbers in USD currency
Multiples are an important financial analysis tool for the company Visa , allowing investors and analysts to quickly assess the company’s value and investment attractiveness based on the ratio of market indicators to the company’s financial performance. Essentially, multiples express how the market values the company relative to its earnings, revenue, equity, or other key metrics.
Advantages of Using Financial Ratios- Simplified Data Analysis
Financial ratios transform large volumes of accounting data into compact and easily interpretable indicators, significantly simplifying the assessment of the company’s condition. - Comparability Between Companies
Multiples standardize financial metrics, enabling objective comparison of companies of different sizes, industries, and market capitalizations. - Identification of Trends and Issues
Regular analysis of ratios helps track the dynamics of financial health, identify strengths and weaknesses of the business, as well as potential risks. - Decision Support
Financial multiples serve as an important tool for investors, creditors, and company management in making investment, credit, and managerial decisions. - Accelerated Assessment of Investment Attractiveness
Ratios allow quick determination of key performance, liquidity, and financial stability indicators, facilitating prompt evaluation of companies’ attractiveness for investments.
Using multiples enables comparison between companies, even if they differ in size or industry, as they standardize financial data into ratios convenient for analysis. This is especially useful for evaluating companies where direct analysis of financial statements may be complex or require in-depth knowledge.