Visa Inc.

V

Visa Inc.

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

R40: 67 · Q3 FY2026 $686.32B
$359.33
About

Visa Inc. operates a global payments-technology network that facilitates electronic funds transfers among consumers, merchants, financial institutions, and governments. It provides brand, authorization, clearing, and settlement services for credit, debit, and prepaid credentials and offers value-added services such as tokenization, fraud tools, and consulting. Visa does not issue cards or extend consumer credit.

History ↓ Leadership ↓

News

Coverage

See all news → V feed

Open V Rule of 40 details
Median 66.6 Above 40 0–40 Below 0
78
FY2024 Q4
63
Q1
55
Q2
76
Q3
66
FY2025 Q4
73
Q1
40
Q2
67
FY2026 Q3 40 0 Mix
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 →

Forward model

Where the revenue goes next

V FORWARD MODEL $320.58 −11%
Revenue

Latest: $11.63B (Q3 FY2026)

Period Value
Q4 FY2020 $5.10B
Q1 FY2021 $5.69B
Q2 FY2021 $5.73B
Q3 FY2021 $6.13B
Q4 FY2021 $6.56B
Q1 FY2022 $7.06B
Q2 FY2022 $7.19B
Q3 FY2022 $7.28B
Q4 FY2022 $7.79B
Q1 FY2023 $7.94B
Q2 FY2023 $7.99B
Q3 FY2023 $8.12B
Q4 FY2023 $8.61B
Q1 FY2024 $8.63B
Q2 FY2024 $8.78B
Q3 FY2024 $8.90B
Q4 FY2024 $9.62B
Q1 FY2025 $9.51B
Q2 FY2025 $9.59B
Q3 FY2025 $10.17B
Q4 FY2025 $10.72B
Q1 FY2026 $10.90B
Q2 FY2026 $11.23B
Q3 FY2026 $11.63B
EPS

Latest: $2.97 (Q3 FY2026)

Period Value
Q4 FY2020 $0.87
Q1 FY2021 $1.27
Q2 FY2021 $1.24
Q3 FY2021 $1.06
Q4 FY2021 $1.47
Q1 FY2022 $1.64
Q2 FY2022 $1.52
Q3 FY2022 $1.43
Q4 FY2022 $1.67
Q1 FY2023 $1.77
Q2 FY2023 $1.81
Q3 FY2023 $1.78
Q4 FY2023 $2.02
Q1 FY2024 $2.13
Q2 FY2024 $2.03
Q3 FY2024 $2.19
Q4 FY2024 $2.46
Q1 FY2025 $2.41
Q2 FY2025 $2.17
Q3 FY2025 $2.52
Q4 FY2025 $2.45
Q1 FY2026 $2.83
Q2 FY2026 $3.14
Q3 FY2026 $2.97
P/E Ratio

Latest: 29.2 (Q3 FY2026)

Period Value
Q4 FY2020 39.5
Q1 FY2021 43.6
Q2 FY2021 42.2
Q3 FY2021 45.7
Q4 FY2021 38.3
Q1 FY2022 34.8
Q2 FY2022 33.9
Q3 FY2022 28.3
Q4 FY2022 24.8
Q1 FY2023 28.4
Q2 FY2023 29.5
Q3 FY2023 29.6
Q4 FY2023 27.3
Q1 FY2024 29.5
Q2 FY2024 30.8
Q3 FY2024 27.8
Q4 FY2024 28.0
Q1 FY2025 31.6
Q2 FY2025 35.0
Q3 FY2025 34.5
Q4 FY2025 33.4
Q1 FY2026 32.9
Q2 FY2026 26.3
Q3 FY2026 29.2
Free Cash Flow

Latest: $6.14B (Q3 FY2026)

Period Value
Q4 FY2020 $1.93B
Q1 FY2021 $3.35B
Q2 FY2021 $3.17B
Q3 FY2021 $4.24B
Q4 FY2021 $3.76B
Q1 FY2022 $4.06B
Q2 FY2022 $3.22B
Q3 FY2022 $5.02B
Q4 FY2022 $5.58B
Q1 FY2023 $3.92B
Q2 FY2023 $3.65B
Q3 FY2023 $5.50B
Q4 FY2023 $6.62B
Q1 FY2024 $3.35B
Q2 FY2024 $4.26B
Q3 FY2024 $4.73B
Q4 FY2024 $6.36B
Q1 FY2025 $5.05B
Q2 FY2025 $4.37B
Q3 FY2025 $6.31B
Q4 FY2025 $5.85B
Q1 FY2026 $6.40B
Q2 FY2026 $2.62B
Q3 FY2026 $6.14B
Shares

Latest: 1.90B (Q3 FY2026)

Period Value
Q1 FY2019 2.29B
Q2 FY2019 2.28B
Q3 FY2019 2.27B
Q1 FY2020 2.24B
Q2 FY2020 2.23B
Q3 FY2020 2.21B
Q1 FY2021 2.20B
Q2 FY2021 2.19B
Q3 FY2021 2.18B
Q1 FY2022 2.16B
Q2 FY2022 2.14B
Q3 FY2022 2.13B
Q1 FY2023 2.10B
Q2 FY2023 2.09B
Q3 FY2023 2.08B
Q1 FY2024 2.04B
Q2 FY2024 2.04B
Q3 FY2024 2.03B
Q1 FY2025 1.99B
Q2 FY2025 1.97B
Q3 FY2025 1.96B
Q1 FY2026 1.93B
Q2 FY2026 1.92B
Q3 FY2026 1.90B
Cumulative FCF

Latest: $177.97B (Q3 FY2026)

Period Value
Q4 FY2020 $70.43B
Q1 FY2021 $73.79B
Q2 FY2021 $76.96B
Q3 FY2021 $81.19B
Q4 FY2021 $84.96B
Q1 FY2022 $89.02B
Q2 FY2022 $92.24B
Q3 FY2022 $97.25B
Q4 FY2022 $102.83B
Q1 FY2023 $106.76B
Q2 FY2023 $110.41B
Q3 FY2023 $115.91B
Q4 FY2023 $122.53B
Q1 FY2024 $125.88B
Q2 FY2024 $130.13B
Q3 FY2024 $134.87B
Q4 FY2024 $141.22B
Q1 FY2025 $146.28B
Q2 FY2025 $150.64B
Q3 FY2025 $156.95B
Q4 FY2025 $162.80B
Q1 FY2026 $169.20B
Q2 FY2026 $171.83B
Q3 FY2026 $177.97B
Earnings coverage

Latest earnings

See all V earnings → Investor relations →

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 →

Related

Similar stocks in Banking & Finance

Institutional

Funds we follow holding V

By latest reported 13F position value. Market value at quarter-end, not cost basis.

Showing 5 of 10 · show all 10 funds