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Our purpose is to uplift everyone, everywhere by being the best way to pay and be paid. Since Visa s early days in 1958, we have been in the business of facilitating secure, reliable and efficient global commerce and money movement.
$317.32
$5.45 (-1.69%)
Last close via Marketstack
Margins and capital returns are both well above average: 59.98% operating margin, ROIC at 31.82%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue grew 11.3%, still solid. Margins contracted 5.7pp, which offsets some of the top-line progress.
At 28x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Operating margin contracted 5.7pp YoY, cost discipline may be slipping.
27.7x earnings, 28.7x FCF. Not cheap, the quality is already reflected in the price. Upside from here requires either margin expansion or growth re-acceleration, not just continuation.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$43.03B
▲ +11.3% YoY
Net Income (TTM)
$22.24B
▲ +1.6% YoY
Op. Margin
61.12%
▼ -5.7pp YoY
ROIC
35.69%
▼ -0.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$21.18B
▲ +15.4% YoY
Op. Cash Flow (TTM)
$22.76B
▲ +15.6% YoY
Net Debt
$11.57B
Cash & Equiv.
$12.40B
5Y CAGR: +12.9%
5Y CAGR: +17.3%
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