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Visa Inc.
Dow 30 S&P 500
🏹 Trader: 🎯 Near 52W High 💎 VCP Breakout | BRS 75 Ready View all →
$712.4B
Market Cap
32.0
P/E
2.10
PEG
49.0%
ROCE
52.1%
ROE
0.69
D/E
67.0%
OPM
-2.3%
% from 52W High
69
α RS
🔍 V is showing a high-conviction setup because it matches 18 of 39 tracked screener presets, Sector RRG has Technology in the Leading quadrant with the trail still rolling over, and RS Rating is 69. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 18/39 · Technology in Leading quadrant · RS Rating 69
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🌏 Global Investor Returns
Currency-adjusted total returns for V including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a platform which facilitates money movement, enabling clients to collect, hold, convert, and send funds across its network; and issuing solutions, such as airport lounge access, dining reservations, shopping experiences, event tickets, and seller offers. In addition, the company provides acceptance solutions, an omnichannel payment integration with e-commerce platforms; risk detection and prevention solutions; and advisory and other services comprising consulting practice, proprietary analytics models, data scientists and economists, marketing services, and managed services. It provides its services under the Visa, Visa Electron, V PAY, Interlink, and PLUS brands. The company serves consumers, sellers, financial institutions, and government entities. Visa Inc. was founded in 1958 and is headquartered in San Francisco, California.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding V
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Manager Shares Value % of Fund Period
Andreas Halvorsen Viking Global Investors 6.33M $1.9B 5.35% Mar 2026
Jeff Ubben ValueAct Holdings 2.32M $700.1M 12.26% Mar 2026
Steve Cohen Point72 Asset Management 759.1K $229.4M 0.29% Mar 2026
Seth Klarman Baupost Group 701.4K $212.0M 4.14% Mar 2026
Jim Simons Renaissance Technologies LLC 676.8K $204.5M 0.32% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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Good quarter Investor Presentation One-Pager? Q3 2026
Net Revenue
$11.6B
+14% YoY
GAAP Net Income
$5.6B
+7% YoY
Non-GAAP EPS
$3.32
+11% YoY
Payments Volume
$4.0T
+10% YoY
Value-Added Services Revenue
$3.8B
+34% YoY constant
What Went Right
  • Payments volume crossed $4 trillion for the first time, up 10% YoY, with processed transactions +10% to 71.7B.
  • Value-added services revenue grew 34% in constant dollars to $3.8B, helped by FIFA-led marketing services and network product adoption.
  • Visa Direct transactions grew 21% YoY to $4B, and commercial & money movement revenue rose 17% YoY in constant dollars.
What to Watch
  • Q4 volatility is assumed at Q1 levels, implying more FX drag than previously incorporated and diluting international transaction revenue growth.
  • Q4 incentive growth is expected slightly above Q3 on a nominal basis as ~20% of payments volume renewals complete and new business lands.
  • July U.S. payments volume stepped down to 9% from Q3's 10%, with cross-border e-commerce moderating from June's promotional peak.
Management Guidance
  • Q4 net revenue growth expected in the high end of low double digits, similar to Q3 on an adjusted basis.
  • Q4 EPS growth expected in the low end of mid-teens; Q4 non-operating expense ~$80M and tax rate ~19%.
  • Full-year net revenue growth now expected at low end of low teens; non-GAAP operating expense growth low end of low teens; EPS growth low end of mid-teens.
Investor Lens
Stronger after this call: Visa beat Q3 expectations, with VAS (+34%), CMS (+17%) and payments volume crossing $4T, while consumer spending held up. Management guided Q4 revenue similar to Q3 (high end of low double digits) but EPS growth slowing to low-end mid-teens on FX volatility and incentive step-up. AI, stablecoin and agentic commerce initiatives plus Pismo/Featurespace investments support the long-term growth narrative, and workforce restructuring is meant to fund future investments. Overall, execution momentum outweighs near-term cost/incentive headwinds, so the thesis looks intact.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG STRONG: Q3 revenue +14% to $11.6B, EPS $3.32 ahead.
Revenue
Net revenue rose 14% YoY to $11.6B (13% in constant dollars), ahead of expectations. Growth was powered by +10% payments volume, +12% cross-border volume excluding intra-Europe, +10% processed transactions and +34% value-added services revenue to $3.8B.
Profitability
Non-GAAP net income was $6.3B, up 8% YoY, with non-GAAP EPS of $3.32, up 11%. GAAP net income was $5.6B, up 7%, including $563M in severance costs and $237M in MDL litigation provision.
Margins
GAAP operating expenses were $4.8B, up 19% YoY; non-GAAP operating expenses grew 17%, driven by marketing and personnel costs. Operating margin was not explicitly disclosed, but management said Visa expects to maintain industry-leading operating margins while reinvesting savings into growth.
Balance Sheet
Cash, cash equivalents and investment securities were $13.9B at June 30. Visa repurchased $4.9B of stock and paid $1.3B in dividends during the quarter, leaving $28.4B in buyback authorization; it also funded $250M into a litigation escrow and expanded commercial paper capacity to $7B in July.
Key Risks
Management flagged FX volatility as more of a Q4 drag, assuming current levels in line with Q1. Incentive growth is expected to step up slightly in Q4 due to renewals and new wins, while July U.S. payments volume slowed to 9% and cross-border e-commerce moderated from June's peak. Workforce reductions and $563M in severance also introduce execution risk.
Outlook
Q4 net revenue growth is expected at the high end of low double digits, similar to Q3 on an adjusted basis, with EPS growth in the low end of mid-teens. Full-year net revenue growth is now expected at the low end of low teens, operating expense growth at the low end of low teens, and EPS growth at the low end of mid-teens.
Generated by AI · Q3 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-07-28
Net revenue grew 14% year-over-year to $11.6B, with EPS up 11% and strong gains in payments volume, cross-border activity, and value-added services. Guidance calls for continued double-digit revenue growth, with robust consumer spending and innovation driving results.
Q2 2026 Q2 2026 2026-04-28
Net revenue grew 17% year-over-year to $11.2B, with EPS up 20% and strong momentum in value-added services and commercial solutions. Full-year guidance was raised, reflecting resilient consumer spending and robust cross-border and e-commerce growth.
Q1 2026 Q1 2026 2026-01-29
Net revenue and EPS both rose 15% year-over-year, driven by strong payments volume, robust growth in value-added services (up 28%), and commercial/money movement solutions (up 20%). Guidance remains for low double-digit revenue and EPS growth, with continued investment in innovation and risk management.
Q4 2025 Q4 2025 2025-10-28
Fiscal 2025 saw double-digit growth in revenue and EPS, driven by innovation in payments, value-added services, and expansion in stablecoins and agentic commerce. Guidance for 2026 projects continued low double-digit growth, with strong momentum across all segments and ongoing investment in technology and marketing.
Q3 2025 Q3 2025 2025-07-29
Net revenue rose 14% year-over-year to $10.2 billion, with EPS up 23% and strong growth in payments volume, cross-border transactions, and value-added services. Guidance for Q4 and FY25 remains robust, with expectations for continued revenue and EPS outperformance.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
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