Visa Inc. (V) fundamental analysis

From the Sep 26, 2026 report · Read the full report

Annual income statement

Fiscal year	Revenue	Growth	Gross margin	Operating margin	Net margin	Free cash flow	Diluted EPS
Sep 30, 2025	40B	11.3%	80.4%	66.4%	50.1%	21.58B	10.2
Sep 30, 2024	35.93B	10.0%	80.4%	67.0%	55.0%	18.69B	9.73
Sep 30, 2023	32.65B	11.4%	79.9%	67.2%	52.9%	19.7B	8.28
Sep 30, 2022	29.31B	—	80.4%	67.1%	51.0%	17.88B	7

Balance sheet

Jun 30, 2026

Cash and short-term investments: 13.79B
Total debt: 23.86B
Shareholders' equity: 35.18B

Against its sector

	V	Sector median
Forward P/E	24.5	18.1
Net margin	50.8%	32.2%
Revenue growth	14.4%	15.5%
ROE	61.2%	15.0%
Debt / equity	67.8	—

From the Sep 26, 2026 report

Visa reported Q2 2026 revenue of $11.63 billion, up 14.4% year-over-year, with net income of $5.63 billion, up 10.6%. Operating margin improved to 66.13% from 62.3% in Q2 2025. However, free cash flow declined by 2.7% to $6.14 billion, and debt-to-equity rose to 67.82% with net debt at $11.5 billion. The TTM PE ratio is 31.29, while the forward PE is 24.48, resulting in a PEG ratio of 1.67, indicating overvaluation relative to growth. The dividend yield of 0.73% is modest but supported by strong cash flow.

Frequently asked questions

How fast is V revenue growing?

Visa Inc. reported revenue of 40B in the fiscal year ended Sep 30, 2025, 11.3% more than the year before.

Data as of Sep 29, 2026. Sources: Yahoo Finance (prices, financial statements and analysts' estimates) and the U.S. Treasury (10-year yield). Indicators and valuation are computed without AI.

AI-generated informational content. Not financial advice or a personalised investment recommendation. Investing involves risk, including loss of capital.

Comparisons

VSell

MAHold

V vs MA: Valuation vs. Strategic Growth

Visa (V) is rated SELL due to overvaluation and technical resistance, while Mastercard (MA) is rated HOLD with a focus on strategic growth initiatives. V's higher valuation (31.27x TTM PE) contrasts with MA's strategic positioning in stablecoin and AI commerce.

Updated Sep 29, 2026

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