STOCK · V · NYSE
Visa Inc. trades under the ticker symbol V on the NYSE. This page brings together its live stock price, an interactive price chart, and key fundamentals like market capitalization, 52-week range, dividend yield, and the next earnings date, with plain-English context to help you understand what the numbers mean.
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Visa is not a bank. It doesn't lend money or bear credit risk. It runs the payment rails between banks, merchants, and cardholders, collecting a small percentage fee on every transaction. That asset-light model produces some of the highest profit margins of any large company.
The core business is a two-sided network: the more cardholders, the more merchants accept Visa; the more merchants, the more valuable Visa cards become. This flywheel took decades to build and is extremely difficult for a competitor to replicate.
Cross-border transaction fees are particularly profitable for Visa. International travel and global commerce generate higher margins than domestic transactions, so the global economy is a direct driver of Visa's growth.
Source: Visa SEC filings (10-K) and investor relations · Last reviewed June 2026
Visa Inc. scores 89 out of 100 (grade A) across the 4 measures we can read from its filings. Its strongest measure is profitability (grade A); its weakest is balance-sheet health (grade B).
Rule-based grades derived from annual figures reported to the SEC. Descriptive, not a rating of the investment.
Visa grew its revenue steadily (about 11.4% a year) over the 9 years through FY2025, and profit grew even faster, so the business became more profitable as it grew. Its profit margin widened over the period. Free cash flow grew alongside profit.
Rising. Revenue went from $15.1B in FY2016 to $40.0B in FY2025, about 11.4% a year. The top line is still expanding, the first sign the business is still in demand.
Rising. Profit went from $6.0B in FY2016 to $20.1B in FY2025, about 14.4% a year. The business is keeping more profit over time, not less.
operating margin went from 52.3% to 60.0% (volatile); net margin went from 39.7% to 50.1% (volatile). Each dollar of sales is turning into more profit over time, often a sign of pricing power or scale.
Rising. Free cash flow went from $5.1B in FY2016 to $21.6B in FY2025, about 17.5% a year. The profit is showing up as real cash, which is what you want to see.
Over the last 13 years the company returned about $96.5B through buybacks and $28.4B through dividends to shareholders. Whether that cash was spent well depends on the price paid for the stock, which this section does not judge. It shows the choices, not a verdict.
Derived from the annual figures this company reported to the SEC. What is described already happened; it is not a forecast.
Not reported here. We cannot measure this for Visa from its filings: it does not separately report the direct cost of its product, which is an accounting choice, not a sign of weak pricing. Its competitive advantages are covered below.
Widening. Visa's sales grew about 11.4% a year, and its operating margin went from 52.3% to 60.0% over the same period.
Fairly steady. Visa's operating margin moved within a few points over the last 9 years (from 52.3% to 60.0%).
The Investment Case describes Visa's competitive advantages, and the risks that could erode them.
These are the quality measures the financial statements support. Several others, such as brand strength and customer concentration, need human judgment and are not measured automatically.
Historically, the company has used a mix of reinvestment, buybacks, and dividends.
On average, capital spending used about 6% of operating cash flow across 10 fiscal years (FY2016-FY2025) - a small share of the cash the business generated went back into it, leaving most available for other uses.
Reported share repurchases in 10 of the 10 fiscal years shown, totaling about $96.5B (FY2013-FY2025).
Reported a per-share dividend in 10 fiscal years across FY2015-FY2025. The annual per-share dividend did not decline year over year within FY2019-FY2025 (comparable per-share basis), rising in 6 straight year-over-year changes into FY2025. In FY2025, dividends paid totaled about $4.6B.
The total debt balance rose over the window: about $15.9B in FY2016 vs about $25.2B in FY2025. This describes the balance's direction, not repayments.
As of FY2025, held about $17.2B in cash and equivalents vs about $25.2B of total debt - more total debt than cash at that date.
Derived from annual figures this company reported to the SEC (EDGAR XBRL company facts). Descriptive history only: not a forecast, not a rating, not investment advice.
What has varied in Visa Inc.'s past filings, and what to keep an eye on. Descriptive, not a forecast and not a rating.
Visa runs the rails that move money between banks, merchants, and cardholders, taking a small fee on each transaction without lending or carrying credit risk. The long term question that frames the stock is how much of the world's remaining cash, and the rise of new payment methods, flows through or around its network.
Educational analysis from public filings. This is not a recommendation to buy or sell any security.
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Sources: Visa 10-K (SEC EDGAR), Visa Investor Relations · Last reviewed June 2026
Market Cap, Valuation, Price-to-Earnings Ratio
Visa runs the rails that move money between banks, merchants, and cardholders, taking a small fee on each transaction without lending or carrying credit risk. The long term question that frames the stock is how much of the world's remaining cash, and the rise of new payment methods, flows through or around its network.
Visa sits at the center of a two-sided network where more cardholders attract more merchants and more merchants make the cards more useful, a flywheel that took decades to build and is very hard to copy.
A large share of global spending still happens in cash, which leaves a long runway as payments keep shifting to cards and digital methods.
Regulators and merchants in several markets keep challenging interchange and network fees, and a United States antitrust case filed in 2024 targets Visa's position in debit.
Regulators in multiple markets are scrutinizing card network interchange fees and Visa's market dominance. Fintech challengers (Stripe, Block, and newer real-time payment networks) are building infrastructure that could reduce card dependency over time.
Visa has long traded at a premium that reflects its high margins and steady growth, so the question is whether payment volume can keep compounding fast enough to justify it against the regulatory and disruption risks. Weigh that using the volume, revenue, and incentive figures in Visa's own filings rather than any outside estimate.
Total payment volume and cross-border volume growth reported each quarter, since these drive the top line.
Educational content only. Market data is delayed and is not financial advice. Always do your own research and consult a licensed professional before investing.