Visa Inc.
- Open
- 342.19
- Day high
- 344.29
- Day low
- 339.08
- Prev close
- 341.65
- Volume
- 7.4M
- Mkt cap
- $650.0B
- P/E (TTM)
- 29.9
- EPS (TTM)
- $11.49
- P/B
- 18.2
- P/S
- 15.1
- Yield
- 0.39%
- Per share
- $1.34
- ▼Insiders net selling -$21.3M over the last 3 months (0 open-market buys, 3 sales)
- 🏛Institutions mixed (13F)
Visa Inc. (V) is a Financial Services company listed on NYSE. The stock is down 3% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 3 sales (SEC Form 4). Drillr has 1 published research article covering V.
Visa Inc. (V) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 9 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
V earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 28, 2026 | $3.10 | $3.31 | +6.8% | $11.2B | +4.5% |
| Jan 29, 2026 | $3.14 | $3.17 | +1.0% | $10.9B | +2.0% |
| Jul 29, 2025 | $2.85 | $2.98 | +4.6% | $10.2B | +3.3% |
| Jan 30, 2025 | $2.66 | $2.75 | +3.4% | $9.5B | +1.7% |
| Jul 23, 2024 | $2.42 | $2.42 | +0.0% | $8.9B | -0.2% |
| Jan 25, 2024 | $2.34 | $2.41 | +3.0% | $8.6B | +1.1% |
| Jul 25, 2023 | $2.12 | $2.16 | +1.9% | $8.1B | +0.7% |
| Jan 26, 2023 | $2.01 | $2.18 | +8.5% | $7.9B | +3.0% |
| Jul 26, 2022 | $1.75 | $1.98 | +13.1% | $7.3B | +2.8% |
| Jan 27, 2022 | $1.70 | $1.81 | +6.5% | $7.1B | +6.9% |
| Jul 27, 2021 | $1.35 | $1.49 | +10.4% | $6.1B | -6.1% |
| Jan 28, 2021 | $1.28 | $1.42 | +10.9% | $5.7B | +2.9% |
V insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | MCINERNEY RYANdirector, officer: Chief Executive Officer | Option | 20,970 | $109.82 |
| Jun 30, 2026 | MCINERNEY RYANdirector, officer: Chief Executive Officer | Sell | 20,970 | $340.25 |
| May 13, 2026 | Suh Chrisofficer: CHIEF FINANCIAL OFFICER | Sell | 10,639 | $324.81 |
| Apr 30, 2026 | MCINERNEY RYANdirector, officer: Chief Executive Officer | Option | 31,455 | $109.82 |
| Apr 30, 2026 | MCINERNEY RYANdirector, officer: Chief Executive Officer | Sell | 31,455 | $340.14 |
| Mar 12, 2026 | CARNEY LLOYDdirector | Sell | 650 | $309.62 |
| Feb 18, 2026 | MAHON TULLIER KELLYofficer: VICE CHAIR, CHF PPL & CORP AFF | Grant | 35,537 | — |
| Feb 18, 2026 | MCINERNEY RYANdirector, officer: Chief Executive Officer | Option | 10,662 | — |
| Feb 18, 2026 | MAHON TULLIER KELLYofficer: VICE CHAIR, CHF PPL & CORP AFF | Option | 35,537 | — |
| Feb 18, 2026 | Fabara Paul Dofficer: CHIEF RISK & CLIENT SVCS OFC | Tax | 10,421 | $314.08 |
| Feb 18, 2026 | MAHON TULLIER KELLYofficer: VICE CHAIR, CHF PPL & CORP AFF | Tax | 17,551 | $314.08 |
| Feb 18, 2026 | MCINERNEY RYANdirector, officer: Chief Executive Officer | Tax | 5,981 | $314.08 |
| Feb 18, 2026 | Taneja Rajatofficer: PRESIDENT, TECHNOLOGY | Tax | 17,610 | $314.08 |
| Feb 18, 2026 | MCINERNEY RYANdirector, officer: Chief Executive Officer | Option | 1,092 | — |
| Feb 18, 2026 | Taneja Rajatofficer: PRESIDENT, TECHNOLOGY | Option | 35,537 | — |
Source: V SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full V insider & 13F page →Visa Inc. company profile
Overview
Visa Inc. (NYSE:V) is a global payments technology company founded in 1958 and headquartered in San Francisco, California. Originally established as BankAmericard by Bank of America, the company evolved into the Visa brand in 1976 and went public in 2008 in what was then one of the largest IPOs in U.S. history. Today, Visa operates the world's largest retail electronic payments network, facilitating digital payments among consumers, merchants, financial institutions, businesses, and government entities across more than 200 countries and territories worldwide.
Business
Visa operates as a payments technology company that facilitates digital transactions through its global network infrastructure. The company does not issue credit cards or lend money directly to consumers. Instead, it operates as a four-party payment system connecting cardholders, merchants, issuing banks (that provide cards to consumers), and acquiring banks (that process merchant transactions). The company's core offering is VisaNet, a sophisticated transaction processing network that enables the authorization, clearing, and settlement of payment transactions in real-time. When a consumer uses a Visa card to make a purchase, VisaNet processes the transaction by verifying the cardholder's account status with the issuing bank, authorizing the payment, and facilitating the transfer of funds from the consumer's bank to the merchant's bank. Visa's business operates across three primary segments: 1. Consumer Payments (approximately 65-70% of revenue): This traditional core business involves processing transactions made with Visa-branded credit, debit, and prepaid cards. The company operates under multiple brands including Visa, Visa Electron, Interlink, VPAY, and PLUS. With 4.6 billion credentials in circulation and over 150 million merchant locations globally, this segment benefits from the ongoing digitization of cash and check payments worldwide. 2. New Flows (approximately 15-20% of revenue): This faster-growing segment encompasses innovative payment solutions beyond traditional card transactions. Key offerings include Visa Direct (enabling real-time money movement for applications like remittances, bill payments, and peer-to-peer transfers), commercial and B2B payment solutions, and account-to-account payment capabilities. Visa Direct alone processes over 10 billion transactions annually. 3. Value-Added Services (approximately 15-20% of revenue): This high-growth segment provides technology solutions and consulting services to financial institutions and merchants. Services include fraud prevention and risk management tools, data analytics and consulting, issuing solutions for banks, acceptance solutions for merchants, and identity verification services. Recent acquisitions like Pismo, Featurespace, and Tink have expanded capabilities in core processing, AI-driven fraud prevention, and open banking respectively.
Revenue model
Visa generates revenue primarily through transaction-based fees rather than interest income or credit risk. The company earns money each time a Visa-branded card is used for a transaction, collecting fees from multiple sources in the payment ecosystem. The primary revenue streams include service revenues (fees paid by issuing banks based on payment volumes processed), data processing revenues (fees for authorization, clearing, and settlement services based on the number of transactions), international transaction revenues (fees for cross-border and currency conversion transactions), and other revenues (primarily from value-added services and licensing). Visa's customers are primarily financial institutions that issue Visa-branded cards and acquire merchant transactions. These banks pay Visa fees for access to the network and various services. The company also serves merchants, fintechs, and government entities through its expanding value-added services portfolio. Several factors influence Visa's profit margins positively. The company benefits from network effects - as more merchants accept Visa cards, the network becomes more valuable to cardholders and issuing banks, and vice versa. Operating leverage is significant since the incremental cost of processing additional transactions is minimal once the network infrastructure is established. The ongoing digitization of cash and checks provides a massive addressable market, particularly in emerging economies. E-commerce growth and cross-border transaction increases from globalization and travel recovery also drive higher-margin revenue streams. Factors that could pressure margins include regulatory changes affecting interchange fees, particularly in regions like Europe where fee caps have been implemented. Competitive pressure from alternative payment methods, central bank digital currencies, or new payment networks could impact pricing power. Economic downturns typically reduce consumer spending and transaction volumes, though Visa's diversified business model across debit, credit, and everyday spending categories provides some resilience. Technology investments required to maintain network security, prevent fraud, and develop new capabilities represent ongoing cost pressures, though these investments also create competitive advantages.
Competitive moat
Visa possesses a strong and durable economic moat built primarily on network effects and switching costs. The company's competitive advantages stem from operating a two-sided marketplace where value increases exponentially as more participants join the network. The network effect represents Visa's strongest moat characteristic. With over 4.6 billion credentials in circulation and acceptance at more than 150 million merchant locations globally, Visa has achieved critical mass that makes it extremely difficult for competitors to replicate. Merchants want to accept Visa because so many consumers carry Visa cards, while banks want to issue Visa cards because of widespread merchant acceptance. This creates a self-reinforcing cycle that strengthens over time. Switching costs further protect Visa's position. Financial institutions face significant technical, operational, and relationship costs when changing payment network providers. Banks must reconfigure their systems, retrain staff, reissue cards, and potentially face customer dissatisfaction. For merchants, changing payment processors involves system integration costs and risks of transaction failures during transitions. Regulatory barriers and compliance requirements create additional protection. Payment networks must meet stringent security, fraud prevention, and regulatory standards across multiple jurisdictions. Visa's decades of experience navigating complex regulatory environments and substantial investments in compliance infrastructure make it difficult for new entrants to compete effectively. The company's scale advantages in technology infrastructure, fraud prevention capabilities, and global reach provide cost efficiencies that smaller competitors cannot match. Visa's ability to process tens of thousands of transactions per second with 99.9% uptime reliability requires massive technological investments that create barriers to entry. However, Visa faces potential competitive threats from several directions. Central bank digital currencies (CBDCs) could enable governments to bypass traditional payment networks for domestic transactions. Big Tech companies like Apple, Google, and Amazon have the resources and user bases to potentially create competing payment ecosystems. Cryptocurrency and blockchain-based payment solutions offer alternative settlement mechanisms, though adoption remains limited for mainstream commerce. Real-time payment systems developed by central banks and consortiums of financial institutions could reduce reliance on card networks for certain transaction types. Despite these potential threats, Visa's moat remains robust due to the practical challenges of displacing an entrenched network with billions of users and millions of acceptance points worldwide.
Risks & safety
Visa demonstrates a strong margin of safety with robust financial metrics and conservative capital structure, though trading at premium valuations. • Liquidity and Solvency: Current ratio of 1.08x indicates adequate short-term liquidity. Cash and short-term investments of $11.7 billion provide substantial financial flexibility. Debt-to-equity ratio of 0.55x represents moderate leverage levels that are well-managed given the company's stable cash flows. • Cash Generation: Free cash flow of $4.4 billion in Q2 2025 demonstrates strong cash generation capabilities. Operating cash flow conversion remains consistently high, reflecting the asset-light business model with minimal capital expenditure requirements. • Valuation Metrics: Trading at P/E ratio of 37.3x and EV/EBITDA of 29.3x represents premium valuations that reflect quality but limit margin of safety. Price-to-book ratio of 18.0x indicates significant premium to tangible assets. • Profitability: Return on equity of 12.0% and strong EBITDA margins demonstrate efficient capital allocation and profitable operations. • Other Considerations: Regulatory risks from potential interchange fee caps or antitrust actions could impact future profitability. However, diversified revenue streams across geographies and business segments provide some protection against localized regulatory changes.
Recent development
Over the past few years, Visa has executed a strategic transformation from a traditional card network into a comprehensive payments technology platform. The company has significantly expanded beyond its core consumer payments business through three key growth vectors. In New Flows, Visa has aggressively built capabilities for non-card payment methods. The launch of Visa A2A (Account-to-Account) in the UK represents a direct response to competitive threats from open banking and pay-by-bank solutions. Visa Direct has emerged as a major growth driver, reaching over 10 billion transactions annually with 28% growth, enabling real-time money movement for remittances, bill payments, and peer-to-peer transfers. The company has expanded commercial payment solutions, with B2B payment volumes approaching $1.5 trillion annually. The Value-Added Services segment has grown through both organic development and strategic acquisitions. Key acquisitions include Pismo (core banking and payment processing platform), Featurespace (AI-driven fraud prevention), Tink (open banking platform), and Currencycloud (cross-border payment infrastructure). These acquisitions have enabled Visa to offer comprehensive technology solutions beyond transaction processing, including core banking services, advanced fraud prevention, and open banking capabilities. Technology and AI integration has become a central focus, with Visa positioning itself as an early adopter of artificial intelligence across engineering, client services, and product development. The company has launched AI-powered data tokenization solutions and enhanced fraud prevention capabilities. Tokenization has reached 13.7 billion tokens with nearly 50% of global e-commerce transactions now tokenized, improving security and reducing fraud. Geographic expansion continues with particular focus on cash displacement in emerging markets like India, Mexico, and Brazil. Tap-to-pay penetration has increased globally, reaching over 76% in many markets. The company has also expanded partnerships with major financial institutions and fintechs worldwide, signing over 500 commercial partnerships in recent years. Strategic partnerships have deepened, including collaborations with major banks like Lloyds and Itau, technology companies, and fintech platforms. These partnerships enable Visa to embed its payment capabilities across diverse ecosystems and reach new customer segments through embedded finance solutions.
V company profile · for informational purposes only — not investment advice.
Track V with Drillr
SEC filings, earnings calls, insider activity, alt-data signals — all queryable through Drillr's AI terminal and MCP API.
Try Drillr for free