VNYSEServices-Business Services, NECFiscal year ends September 30
VISA INC.
Financials through Q2 FY2026, quarter ended Mar 31, 2026Last filing: 10-Q on Jul 29, 2026
$402.92+0.31 (+0.08%)
Close on Oct 19, 2026
- Market cap
- –
- P/E (TTM)
- –
- Dividend yield
- 0.15%
Margins
Share of revenue, fiscal years 2011 to 2025
Operating margin
60.0%−4.5 pts over 5 years
Net margin
50.1%+0.4 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +11.3% | +10.9% | +12.9% | +11.2% | |
| Operating income | +1.7% | +8.4% | +11.2% | +10.2% | |
| Net income | +1.6% | +10.3% | +13.0% | +12.2% | |
| Free cash flow | +15.4% | +6.5% | +17.3% | +13.3% | |
| Dividend per share | +13.5% | +16.3% | +14.5% | +17.3% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on assets | 11.6% | 14.2% | 20.7% | |
| Current ratio | 1.78 | 1.91 | 1.08 | |
| Net debt to EBITDA | 0.98× | 0.33× | 0.32× | |
| Interest coverage | – | – | 40.7× | |
| Capex to revenue | 3.5% | 3.4% | 3.7% |
Where the cash went
Fiscal 2021 to 2025, five years combined
VISA generated $97.84B from operations and spent $91.47B on capital expenditure, dividends and share buybacks. 6% of that went back into the business.
Generated
$97.84B
Used
$91.47B
Capital expenditure$5.47B6%Dividends$18.60B20%Share buybacks$67.40B74%
DuPont needs revenue, assets and equity
This company does not report all three for consecutive years.
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 7 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$20.06B
- Cash generatingOperating cash flow above zero$23.06B
- Return on assets improvedROA up on the prior year21.8% → 21.2%
- Earnings backed by cashOperating cash flow above net income$23.06B vs $20.06B
- Less leverageLong-term debt to assets fell22.0% → 19.7%
- Better liquidityCurrent ratio rose1.28 → 1.08
- No dilutionShare count did not rise– → –
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.40 → 0.42