Visa Inc.

V

Visa Inc.

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Visa Inc..

R40: 67 · 2026 Q3 $698.54B
$365.73
News

Coverage

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Rule of 40 2026 Q3
67.1
✓ Passing
Revenue Growth YoY +14.4%
+
FCF Margin +52.8%
History
78
Q4
2024 R40 +62
63
Q1
55
Q2
76
Q3
66
Q4
2025 R40 +65
73
Q1
40
Q2
67
Q3
ANALYST RATINGS
Strong Buy $416
Consensus as of Aug 19, 2026
V
DBS Buy $410
Reiterated
2026-08-14
Bernstein Outperform $450
Reiterated
2026-08-12
Goldman Sachs Buy $438
Reiterated
2026-08-04
Bank of America Securities Buy $430
Reiterated
2026-08-04
Clear Street Buy $406
Reiterated
2026-08-04

See all 7 ratings →

Revenue

Latest: $11.63B (2026Q3)

Period Value
2020Q4 $5.10B
2021Q1 $5.69B
2021Q2 $5.73B
2021Q3 $6.13B
2021Q4 $6.56B
2022Q1 $7.06B
2022Q2 $7.19B
2022Q3 $7.28B
2022Q4 $7.79B
2023Q1 $7.94B
2023Q2 $7.99B
2023Q3 $8.12B
2023Q4 $8.61B
2024Q1 $8.63B
2024Q2 $8.78B
2024Q3 $8.90B
2024Q4 $9.62B
2025Q1 $9.51B
2025Q2 $9.59B
2025Q3 $10.17B
2025Q4 $10.72B
2026Q1 $10.90B
2026Q2 $11.23B
2026Q3 $11.63B
EPS

Latest: $2.97 (2026Q3)

Period Value
2020Q4 $0.87
2021Q1 $1.27
2021Q2 $1.24
2021Q3 $1.06
2021Q4 $1.47
2022Q1 $1.64
2022Q2 $1.52
2022Q3 $1.43
2022Q4 $1.67
2023Q1 $1.77
2023Q2 $1.81
2023Q3 $1.78
2023Q4 $2.02
2024Q1 $2.13
2024Q2 $2.03
2024Q3 $2.19
2024Q4 $2.46
2025Q1 $2.41
2025Q2 $2.17
2025Q3 $2.52
2025Q4 $2.45
2026Q1 $2.83
2026Q2 $3.14
2026Q3 $2.97
P/E Ratio

Latest: 26.3 (2026Q2)

Period Value
2020Q3 35.4
2020Q4 39.5
2021Q1 43.6
2021Q2 42.2
2021Q3 45.7
2021Q4 38.3
2022Q1 34.8
2022Q2 33.9
2022Q3 28.3
2022Q4 24.8
2023Q1 28.4
2023Q2 29.5
2023Q3 29.6
2023Q4 27.3
2024Q1 29.5
2024Q2 30.8
2024Q3 27.8
2024Q4 28.0
2025Q1 31.6
2025Q2 35.0
2025Q3 34.5
2025Q4 33.4
2026Q1 32.9
2026Q2 26.3
Free Cash Flow

Latest: $6.14B (2026Q3)

Period Value
2020Q4 $1.93B
2021Q1 $3.35B
2021Q2 $3.17B
2021Q3 $4.24B
2021Q4 $3.76B
2022Q1 $4.06B
2022Q2 $3.22B
2022Q3 $5.02B
2022Q4 $5.58B
2023Q1 $3.92B
2023Q2 $3.65B
2023Q3 $5.50B
2023Q4 $6.62B
2024Q1 $3.35B
2024Q2 $4.26B
2024Q3 $4.73B
2024Q4 $6.36B
2025Q1 $5.05B
2025Q2 $4.37B
2025Q3 $6.31B
2025Q4 $5.85B
2026Q1 $6.40B
2026Q2 $2.62B
2026Q3 $6.14B
Cumulative FCF

Latest: $177.97B (2026Q3)

Period Value
2020Q4 $70.43B
2021Q1 $73.79B
2021Q2 $76.96B
2021Q3 $81.19B
2021Q4 $84.96B
2022Q1 $89.02B
2022Q2 $92.24B
2022Q3 $97.25B
2022Q4 $102.83B
2023Q1 $106.76B
2023Q2 $110.41B
2023Q3 $115.91B
2023Q4 $122.53B
2024Q1 $125.88B
2024Q2 $130.13B
2024Q3 $134.87B
2024Q4 $141.22B
2025Q1 $146.28B
2025Q2 $150.64B
2025Q3 $156.95B
2025Q4 $162.80B
2026Q1 $169.20B
2026Q2 $171.83B
2026Q3 $177.97B
Just reported

Latest results

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Background

Company History

Exchange
NYSE
IPO Date
Mar 19, 2008
IPO Price
$44.00
as issued; not split-adjusted, so not comparable to the current price
Shares Outstanding
1.91B
1958
Founding as BankAmericard

Bank of America launched the BankAmericard credit card program in Fresno, California, as the world\

1966
Licensing to Other Banks

In response to competitor Master Charge, Bank of America began licensing the BankAmericard program to other financial institutions outside California.

1970
Formation of National BankAmericard Inc.

Bank of America relinquished control, and issuer banks formed National BankAmericard Inc. (NBI), with Dee Hock as its first president and CEO, transforming it into a cooperative.

1976
Rebranding to Visa

Various international and domestic BankAmericard networks united under the name

1983
Introduction of Holograms

Became the first bank to use holograms on cards for enhanced security features.

2008
IPO

Restructured into a single public company Visa Inc., completing its IPO on March 18, 2008, raising $19.1 billion in the largest U.S. IPO at the time.

2016
Acquisition of Visa Europe

Acquired Visa Europe on June 21, 2016, creating a single global company after regulatory amendments.

2020
Plaid Acquisition Blocked

DOJ filed antitrust lawsuit to block $5.3 billion acquisition of Plaid; deal abandoned in January 2021.

2022
Suspension of Operations in Russia

Following the Russian invasion of Ukraine, Visa suspended all business operations in Russia in March 2022.

Leadership

Key Players

showing 6 of 18

Ryan McInerney
Chief Executive Officer
Ryan McInerney
CEO since February 2023, succeeding Al Kelly. Previously served as President of Visa since 2013. Prior to Visa, was CEO of consumer banking at JPMorgan Chase. McKinsey alum with deep payments and banking expertise.

The CEO view — 2 podcasts, interviews & articles →

Chris Suh
Chief Financial Officer
CFO since February 2023. Previously served as CFO of Microsoft's Cloud & AI division. Brings deep experience in scaling technology-driven financial operations. Former PwC and Cardlytics executive.
Rajat Taneja
President, Technology
Joined Visa in November 2013. Responsible for technology innovation, product engineering, global IT, and VisaNet infrastructure. Previously CTO at Electronic Arts and corporate VP at Microsoft.
Oliver Jenkyn
Group President, Global Markets
Leads Visa's global market operations. Previously held leadership roles in North America and global strategy. McKinsey alum with extensive payments industry experience.
Antony Cahill
President, Value Added Services
Previously served as Deputy CEO for Europe and Global Head of Value-Added Services. Former COO at National Australia Bank and senior executive at ANZ. Drives Visa's high-margin services segment.
Kelly Mahon Tullier
Vice Chair & Chief People and Administrative Officer
Leads Visa's People organization, corporate secretary, Global Communications, and Corporate Services. Key negotiator of Visa's $23B acquisition of Visa Europe. Former PepsiCo SVP and deputy general counsel.

See all 18 key players →

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