Visa (V) stock
Financials · Transaction & Payment Processing Services
Visa (V) is a Transaction & Payment Processing Services company in the Financials sector, headquartered in San Francisco, California. As of October 23, 2026, V closed at $407.92, a market capitalization of $765.81 billion, the 16th largest company in the S&P 500. Over the last twelve months it generated $44.49 billion in revenue (+14% year over year) and $21.01 billion in free cash flow. The stock trades at 34.7x trailing earnings and 27.2x forward earnings.
- 1-year total return: +18.9% (dividends reinvested)
- 5-year return: +12.9% a year
- 52-week range: $293.89 – $414.60
- Gross margin 97.7%, operating margin 66.1%
- Dividend yield: 0.66%, 17 straight years of increases
- FI Handbook report card: B+ across 9 metrics
- 3rd largest of 76 Financials stocks in the S&P 500
V price chart
1Y price change: +17.9% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| V | +12.8% | +17.0% | +18.9% | +21.7% | +12.9% | +18.2% | +20.7% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 2008.
V key statistics
- Market cap
- $765.8B
- #16 in S&P 500
- P/E (TTM)
- 34.7x
- Forward P/E
- 27.2x
- EPS (TTM)
- $11.75
- Revenue (TTM)
- $44.5B
- +14%
- Free cash flow
- $21.0B
- Gross margin
- 97.7%
- Operating margin
- 66.1%
- Return on equity
- 61.2%
- Dividend yield
- 0.66%
- 52-week range
- $293.89 – $414.60
- Beta
- 0.77
- Price / sales
- 17.2x
- EV / EBITDA
- 24.5x
- Debt / equity
- 0.68x
- Employees
- 34,100
V report card
B+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth14.4%B
- Gross margin97.7%A
- Operating margin66.1%A
- FCF margin47.2%A
- Return on equity61.2%A
- Net debt / EBITDA0.3xB
- Forward P/E27.2xC
- PEG ratio1.9xC
- Shareholder yield3.0%B
- Share count change / yr——
Visa financials
Revenue went from $15.1B in fiscal 2016 to $40.0B in fiscal 2025, growing 11.4% a year.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $15.1B | $18.4B | $20.6B | $23.0B | $21.8B | $24.1B | $29.3B | $32.7B | $35.9B | $40.0B |
| Operating income | $7.9B | $12.1B | $13.0B | $15.0B | $14.1B | $15.8B | $18.8B | $21.0B | $23.6B | $24.0B |
| Net income | $6.0B | $6.7B | $10.3B | $12.1B | $10.9B | $12.3B | $15.0B | $17.3B | $19.7B | $20.1B |
| Free cash flow | $5.1B | $8.6B | $12.2B | $12.0B | $9.7B | $14.5B | $17.9B | $19.7B | $18.7B | $21.6B |
| Buybacks | — | $6.9B | $7.2B | $8.6B | $8.1B | $8.7B | $11.6B | $12.1B | $16.7B | $18.3B |
| Dividends paid | $1.4B | $1.6B | $1.9B | $2.3B | $2.7B | $2.8B | $3.2B | $3.8B | $4.2B | $4.6B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into V?
A reverse DCF asks what growth the current price requires. With an enterprise value of $775.9B and $21.0B of trailing free cash flow, Visa needs to grow free cash flow about 26.3% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 17.3% a year over the last five years.
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
V dividend
- Dividend yield
- 0.66%
- Annual dividend
- $2.68
- Years of increases
- 17
- 5-yr dividend growth
- 14.9%
- per year
- Payout ratio
- 22%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
V earnings
Next report: October 27, 2026. Visa has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $11.6B (+14% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 28, 2026 | $3.23 | $3.32 | +2.8% |
| Apr 28, 2026 | $3.10 | $3.31 | +6.8% |
| Jan 29, 2026 | $3.14 | $3.17 | +0.9% |
| Oct 28, 2025 | $2.97 | $2.98 | +0.3% |
| Jul 29, 2025 | $2.85 | $2.98 | +4.7% |
| Apr 29, 2025 | $2.68 | $2.76 | +3.0% |
| Jan 30, 2025 | $2.66 | $2.75 | +3.3% |
| Oct 29, 2024 | $2.58 | $2.71 | +5.2% |
Stocks like V
| Name | Today | 1Y | Mkt cap | P/E | |
|---|---|---|---|---|---|
 MA Mastercard | -1.52% | +9% | $546.3B | 34.3x | Compare |
 PYPL PayPal | -0.90% | -17% | $48.8B | 10.8x | Compare |
 XYZ Block | -3.24% | -3% | $45.9B | 136.5x | Compare |
 CPAY Corpay | -1.58% | +44% | $26.8B | 24.8x | Compare |
 FISV Fiserv | -1.89% | -60% | $26.5B | 9.6x | Compare |
 GPN Global Payments | -3.56% | -4% | $21.9B | 38.9x | Compare |
 FIS Fidelity National Information S | -1.98% | -42% | $19.4B | 5.8x | Compare |
 JKHY Jack Henry & Associates | +0.46% | +6% | $11.4B | 22.1x | Compare |
V news
- Dividends, Crypto, and Margin Wars: The 3 Battlelines for Visa for Q4 Earnings on Oct. 27 · Oct 24, 2026
- I sold to Visa for $2 billion. I could be on a beach right now, but I’m risking my own money to solve the problem that held my first company back · Oct 24, 2026
- Visa Just Gained 10% in a Month to a Record High: Take Profits, or Buy More? · Oct 23, 2026
- American Express Falls 3% Despite Q3 Beat and Higher Profit Floor; Visa and Mastercard Slip · Oct 23, 2026
- Visa Partners Singapore Tourism Board to Strengthen Singapore's Global Destination Appeal · Oct 23, 2026
V stock FAQ
What is V's market cap?
Visa's market capitalization is $765.81 billion as of October 23, 2026, ranking 16th in the S&P 500.
What is V's P/E ratio?
V trades at a trailing price-to-earnings ratio of 34.7x and a forward P/E of 27.2x.
Does V pay a dividend?
Yes. Visa pays $2.68 per share a year, a 0.66% yield. It has raised its dividend 17 years in a row. Dividends grew 14.9% a year over the last five years.
How much has V stock returned?
Including reinvested dividends, V returned +18.9% over one year, +12.9% a year over five years, +18.2% a year over ten years through October 23, 2026.
Is V stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Visa must grow free cash flow about 26% a year for the next decade. Its free cash flow grew 17% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does V report earnings?
Visa is expected to report earnings on October 27, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Visa have?
Visa has about 34,100 full-time employees, or $1.3 million of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology