V

Visa Inc.

$402.92

+0.08% 2026-10-19

FinancialsS&P 500

1M 3M 6M 1Y 2Y

VSPY

+3.5%

+9.4%

+12.0%

+28.8%

YTD

+15.6%

+18.8%

Grades vs sector

Momentum

42nd pct in sector

12-1 return: +6.3%
Percentile within its GICS sector across the S&P 1500.

Growth

64th pct in sector

B-

Revenue growth (YoY): +14.4%
Percentile within its GICS sector across the S&P 1500.

Value

5th pct in sector

Forward E/P: 3.7% · EBITDA/EV: 4.1%
Percentile within its GICS sector across the S&P 1500.

Profitability

97th pct in sector

A+

Profit margin: +50.8% · Return on equity: +61.2%
Percentile within its GICS sector across the S&P 1500.

Revisions

no data

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 3 live models right now.

Momentum Top 15

rank 239 of 499 · 12-1 momentum % 12.0

Quality Growth

not ranked (outside this model's universe or screens)

Momentum Blend

not in the current book

Key stats

Market cap$756.4B

P/E (trailing)34.3

P/E (forward)26.8

52-week range293.89 – 404.74

Revenue growth (YoY, latest qtr)+14.4%

Dividend yield0.67%

Analyst consensusStrong Buy (37)

Mean price target$422.77 (+5%)

Valuation & fundamentals

Bottom line

Leans expensive

Model read-out from the numbers below, not advice. Score -1 (DCF counts double).

•DCF (base case)below the price by 3%

▼Forward P/E vs sector26.8x vs median 10.2x

•Piotroski F-score5/9

▲Net debt / EBITDA0.3x

•Analyst target+5% (37 analysts)

Discounted cash flow

Bear

$234

-42%

growth 8% · disc. 9.1% · term. 2.0%

Base

$392

-3%

growth 13% · disc. 8.1% · term. 2.5%

Bull

$640

+59%

growth 16% · disc. 7.1% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 10% a year for 10 years.

Implied

+10%/yr

FCF, last 3 yrs

+7%/yr

FCF, last 5 yrs

+17%/yr

Revenue, last 3 yrs

+11%/yr

Revenue, last 5 yrs

+13%/yr

Same inputs as the DCF above: trailing free cash flow 22.8B, 8.1% discount rate, 2.5% growth after year 10, net debt and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-03-31). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.77 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Financials

P/E (trailing)

sector median 13.0× · 92nd pct

34.3×
pricier

Forward P/E

sector median 10.2× · 98th pct

26.8×
pricier

EV / EBITDA

sector median 10.9× · 95th pct

27.7×
pricier

Price / sales

sector median 2.8× · 89th pct

17.6×
pricier

Price / book

sector median 1.6× · 99th pct

28.6×
pricier

FCF yield

sector median 8.2% · 12th pct

3.0%
pricier

Forward EPS $15.02 vs trailing $11.75 (+28% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$4.9B

as of 2025-09-30

vs a year ago

+20%

YoY

× TTM revenue

0.11×

coverage

23-12

24-03

24-06

24-09

24-12

25-03

25-06

25-09

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

–

Operating margin

61.1%

FCF margin

52.9%

Net margin

51.7%

Return on equity

84.1%

Return on invested capital

64.2%

Net debt / EBITDA

0.3×

Current ratio

1.1×

Interest cover

42.3×

Cash conversion (OCF/NI)

1.0×

Piotroski F-score 5/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✗ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✗ Current ratio improved✗ No share dilution✗ Gross margin improved✓ Asset turnover improved

Analysts

Mean target

$423

+5%

Analysts

Strong Buy

Range

$330–$475

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$40.0B	$20.1B	$23.1B
2024	$35.9B	$19.7B	$19.9B
2023	$32.7B	$17.3B	$20.8B
2022	$29.3B	$15.0B	$18.8B
2021	$24.1B	$12.3B	$15.2B
2020	$21.8B	$10.9B	$10.4B

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +10.9%.

Earnings

Next report: 2026-10-27 · after close · EPS est 3.43

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-07-28	3.23	3.32	+2.8%
2026-04-28	3.10	3.31	+6.8%
2026-01-29	3.14	3.17	+0.9%
2025-10-28	2.97	2.98	+0.3%
2025-07-29	2.85	2.98	+4.7%
2025-04-29	2.68	2.76	+3.0%
2025-01-30	2.66	2.75	+3.3%
2024-10-29	2.58	2.71	+5.2%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$11.6B	+14.4%
2026-03-31	$11.2B	–
2025-12-31	$10.9B	–
2025-09-30	$10.7B	–
2025-06-30	$10.2B	–

Analyst actions

Baird

2026-10-12 · main

Outperform → Outperform
PT $430

RBC Capital

2026-08-31 · main

Outperform → Outperform
PT $466

Wolfe Research

2026-08-25 · main

Outperform → Outperform
PT $460

Truist Securities

2026-08-05 · main

Buy → Buy
PT $406

Cantor Fitzgerald

2026-08-03 · main

Overweight → Overweight
PT $445

Wells Fargo

2026-07-30 · main

Overweight → Overweight
PT $432

Recent dividends

2026-08-11: $0.670 · 2026-05-12: $0.670 · 2026-02-10: $0.670 · 2025-11-12: $0.670 · 2025-08-12: $0.590 · 2025-05-13: $0.590 · 2025-02-11: $0.590 · 2024-11-12: $0.590

Insider trades

Mcinerney Ryan

Director, Chief Executive Officer · 2026-10-01

SELL
$2.1M

Rottenberg Julie B

GENERAL COUNSEL · 2026-09-09

SELL
$687.7K

Mcinerney Ryan

Director, Chief Executive Officer · 2026-09-01

SELL
$2.2M

Rottenberg Julie B

GENERAL COUNSEL · 2026-08-31

SELL
$773.4K

Taneja Rajat

PRESIDENT, TECHNOLOGY · 2026-08-21

SELL
$6.7M

Mcinerney Ryan

Director, Chief Executive Officer · 2026-08-21

SELL
$2.2M

Mahon Tullier Kelly

VICE CHAIR, CHF PPL & CORP AFF · 2026-07-30

SELL
$13.6M

Mahon Tullier Kelly

VICE CHAIR, CHF PPL & CORP AFF · 2026-07-30

SELL
$7.3M

None

None · None

SELL
–

None

None · None

SELL
–

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Stats refreshed 2026-10-19 17:46:48 ET from Yahoo Finance (yfinance). "–" means the data isn't available. Refresh now

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Coteau Systematic StrategiesSystematic equity research and model portfolios.
Coteau Systematic Strategies publishes research, model portfolios and tools. It does not manage money or offer investment advice. Model results are hypothetical. Data: Yahoo Finance (delayed), SEC EDGAR.

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