# VISA Inc. (V) — Stock CV

VISA Inc. is a $724B financial services company. Revenue grew 14.4% over the last year, and it keeps 51¢ of every dollar of sales as profit. It trades at 31.9× earnings — in the cheapest third of its own history.

> Visa is the largest payment processor in the world. In fiscal 2025, it processed almost $17 trillion in total volume.

## Identity

- **Ticker**: V
- **Sector**: Financial Services
- **Industry**: Credit Services
- **Headquarters**: SAN FRANCISCO, CA
- **Employees**: 34 100
- **Website**: https://www.visa.com
- **Market cap**: $724B
- **Last price**: $385.60
- **Financial profile**: Solid

## Vitals (TTM)

- **Revenue**: $44.5B
- **Net income**: $22.6B
- **Free cash flow**: $21.0B
- **Net debt**: $2.44B
- **P/E**: 31.9
- **Revenue growth (YoY)**: 14.4%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 40 |
| Growth | 85 |
| Profitability | 100 |
| Health | 76 |
| Quality | 82 |
| Moat | 100 |

## Qualifications (beginner checklist) — 11 of 11 passed

- [x] Revenue growing — +14.4% YoY
- [x] Profitable — $22.6B TTM
- [x] Profit growing — +13.4% YoY
- [x] Generates cash — $21.0B TTM
- [x] Debt under control — ~0.1y of cash flow to repay
- [x] Established company — $724B market cap
- [x] Not printing shares — -15.3% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [x] Financially stable — Altman Z 9.2 — safe
- [x] Pays a dividend — yield 0.69%
- [x] Valuation not extreme — P/E 31.9

## Experience (career milestones)

- **2026** — Visa agreed to acquire Israeli fraud-prevention company BioCatch for $2.4 billion in cash
- **FY2025** — Best year on record: $20.1B net income
- **Jan 13, 2020** — Plaid announced that it had signed a definitive agreement to be acquired by Visa for $5.3 billion
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $10B: $15.1B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **Jun 21, 2016** — The acquisition of Visa Europe was completed on June 21, 2016
- **Nov 2, 2015** — Visa Inc. announced the plan to acquire Visa Europe on November 2, 2015, creating a single global company
- **2015** — This QR code payment method was first introduced in India in 2015
- **Mar 19, 2008** — IPO on NYSE: $17.9B — the largest US IPO ever at the time, mid-financial-crisis
- **Oct 3, 2007** — Visa Inc. formed: regional associations merge into a single public company
- **1976** — Renamed Visa: one neutral brand for the card network
- **1961** — The BankAmericard program became profitable for the first time
- **Sep 18, 1958** — BankAmericard pilots in Fresno: Bank of America mails 60k unsolicited credit cards
- **1956** — Williams convinced senior BofA executives in 1956 to let him pursue what became the world's first successful mass…

## Strengths

- High gross margin (80.2%)
- Strongly profitable — 50.8% net margin
- Revenue growing 14.4% year over year
- Strong cash conversion — FCF is 47.2% of revenue
- Could repay net debt from ~0.5 years of free cash flow

## Watch-outs

- None stand out in the data.

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $24.1B | $12.3B | $14.5B |
| FY2022 | $29.3B | $15.0B | $17.9B |
| FY2023 | $32.7B | $17.3B | $19.7B |
| FY2024 | $35.9B | $19.7B | $18.7B |
| FY2025 | $40.0B | $20.1B | $21.6B |

---

Source: https://stockcv.com/V — derived from company filings; may be delayed or incomplete. Information, not investment advice.