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Visa Inc.
VFinancialsGenerated Aug 19, 2026, 10:31 PM UTC
V (Visa Inc.) analytical snapshot. Revenue grew +11.3% YoY to $40.00B. 5-year revenue CAGR +10.7%; 10y CAGR +11.4%. Net margin at 50.14% (contracting ▼). Market cap $171.54B at $365.54 per share. EV/Operating income ≈ 7.50 (EV $180.06B). FCF DCF intrinsic value ≈ $1020.74 → implied upside +179.2%. Risk: Moderate. Macro: Risk-on · Supportive. Composite analytical score 24 (data confidence 80%). Descriptive analytics from public filings — not investment advice.
Free SEC analysis
— computed from SEC filings, free to readFilings & Ownership
Latest annual report (10-K) filed Nov 6, 2025. Latest quarterly report (10-Q) filed Jul 29, 2026. 21 recent 8-K material-event filings in the index.
- Latest annual report (10-K) filed Nov 6, 2025.
- Latest quarterly report (10-Q) filed Jul 29, 2026.
- 21 recent 8-K material-event filings in the index.
- Recent insider Form 4s: 0 buy vs 6 sell transactions — net selling $32.4M.
- ~10,000+ recent 13F-HR filings reference Visa Inc.; broad institutional reporting.
- Recent filers include CAPITAL & PLANNING, LLC, Axiom Investment Management LLC, Capital Wealth Planning, LLC.
- 20 recent 13G passive institutional ownership notices.
| Filer | Form | Filed |
|---|---|---|
| CAPITAL & PLANNING, LLC | 13F-HR | Feb 13, 2026 |
| Axiom Investment Management LLC | 13F-HR | Mar 16, 2021 |
| Capital Wealth Planning, LLC | 13F-HR | Nov 15, 2016 |
| Axiom Investment Management LLC | 13F-HR | Mar 16, 2021 |
| Axiom Investment Management LLC | 13F-HR | Mar 16, 2021 |
| Insider | Date | Net | Buys/Sells |
|---|---|---|---|
| MAHON TULLIER KELLY | Jul 31, 2026 | -$20.9M | 0/2 |
| ROTTENBERG JULIE B | Jul 6, 2026 | -$729.7K | 0/1 |
| MCINERNEY RYAN | Jul 2, 2026 | -$3.6M | 0/2 |
| MCINERNEY RYAN | Jun 30, 2026 | -$7.1M | 0/1 |
| Date | Form | Description |
|---|---|---|
| Jul 28, 2026 | 8-K | 8-K |
| Jul 15, 2026 | 8-K | 8-K |
| Jun 26, 2026 | 8-K | 8-K |
| May 12, 2026 | 8-K | 8-K |
| May 11, 2026 | 8-K | 8-K |
| Apr 28, 2026 | 8-K | 8-K |
| Feb 27, 2026 | 8-K | 8-K |
| Feb 13, 2026 | 8-K | 8-K |
SEC Filing Deep-Analysis
2 risk signal(s), 2 watch item(s) detected from XBRL filing diff analysis. Revenue grew +11.3% but receivables grew +22.1% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- Receivables outpacing revenue: Accounts receivable grew +22.1% YoY vs revenue growth of +11.3%. The +10.7% spread suggests extended credit terms, channel stuffing risk, or collection deterioration. Investigate the allowance for doubtful accounts and DSO trend.
- Restatement of financial statements: The term "restatement of" "previously issued" appears in 3 recent filing(s) (vs 1 in the prior period). This risk language is ongoing.
- NEW: Impairment charge: Impairment charge appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- NEW: Off-balance sheet arrangements: Off-balance sheet arrangements appears in recent filings but not in the prior 24-month period. Monitor for materiality.
- Endogenous analysis: Revenue grew +11.3% but receivables grew +22.1% — the receivables-to-revenue gap suggests growth may be partially driven by extended credit terms rather than genuine demand. If DSO continues to rise, a revenue reversal or bad-debt charge could follow.
- 1 new XBRL disclosure(s) in latest filing — expanding reporting scope.
- 20 disclosure(s) dropped from prior year — reduced reporting granularity.
- 2 new risk-language term(s) detected in filing text: Impairment charge, Off-balance sheet arrangements.
- Ongoing high-severity risk language: Restatement of financial statements.
| Metric | Prior year | Latest year | Change | % Change |
|---|---|---|---|---|
| Revenue | $35.93B | $40.00B | $4.07B | +11.3% |
| Operating income | $23.59B | $23.99B | $399.0M | +1.7% |
| Net income | $19.74B | $20.06B | $315.0M | +1.6% |
| Operating cash flow | $19.95B | $23.06B | $3.11B | +15.6% |
| Capex | $1.26B | $1.48B | $225.0M | +17.9% |
| Total assets | $94.51B | $99.63B | $5.12B | +5.4% |
| Total liabilities | $55.37B | $61.72B | $6.34B | +11.5% |
| Long-term debt | $20.84B | $19.60B | $-1.23B | -5.9% |
| Cash & equivalents | $11.97B | $17.16B | $5.19B | +43.3% |
| Stockholders equity | $39.14B | $37.91B | $-1.23B | -3.1% |
| Accounts receivable | $2.56B | $3.13B | $565.0M | +22.1% |
| Interest expense | $32.0M | $-29.0M | $-61.0M | -190.6% |
| Type | Concepts |
|---|---|
| Added | ContractWithCustomerLiability |
| Removed | AccruedIncomeTaxesCurrent, AccruedIncomeTaxesNoncurrent, AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment, AmortizationOfIntangibleAssets, CapitalizedComputerSoftwareAccumulatedAmortization, CurrentFederalTaxExpenseBenefit, CurrentForeignTaxExpenseBenefit, CurrentIncomeTaxExpenseBenefit, CurrentStateAndLocalTaxExpenseBenefit, DebtInstrumentCarryingAmount |
| Term | Severity | Recent | Prior | Status |
|---|---|---|---|---|
| Restatement of financial statements | high | 3 | 1 | Ongoing |
| Impairment charge | medium | 5 | 0 | NEW |
| Restructuring | medium | 5 | 9 | Ongoing |
| Off-balance sheet arrangements | medium | 5 | 0 | NEW |
| Related party transactions | low | 5 | 1 | Ongoing |
Fundamentals
Revenue grew +11.3% YoY to $40.00B. 5-year revenue CAGR +10.7%; 10y CAGR +11.4%. Net margin at 50.14% (contracting ▼).
- Revenue grew +11.3% YoY to $40.00B.
- 5-year revenue CAGR +10.7%; 10y CAGR +11.4%.
- Net margin at 50.14% (contracting ▼).
- Return on equity 52.91%, ROA 20.13%, ROIC 41.72%.
- Gross margin 0.00%, operating margin 59.98%.
- Free cash flow margin 53.94% ($21.58B).
- Net income up ▲ +1.6% YoY.
- Debt/equity 0.79, current ratio 1.09, net debt $8.52B.
- Asset turnover 0.42 — capital efficiency.
| FY | Revenue | Rev YoY | Gross% | Op% | Net% | FCF | ROE% |
|---|---|---|---|---|---|---|---|
| 2024 | $35.93B | +10.0% | 0.00 | 65.68 | 54.95 | $18.69B | 50.45 |
| 2025 | $40.00B | +11.3% | 0.00 | 59.98 | 50.14 | $21.58B | 52.91 |
| Quarter end | Revenue | YoY | QoQ | Net margin |
|---|---|---|---|---|
| Dec 31, 2017 | $4.86B | +9.0% | — | 51.87% |
| Mar 31, 2018 | $5.07B | +13.3% | +4.3% | 51.35% |
| Jun 30, 2018 | $5.24B | +14.8% | +3.3% | 44.45% |
| Dec 31, 2018 | $5.51B | +13.2% | +5.1% | 54.07% |
| Mar 31, 2019 | $5.49B | +8.3% | -0.2% | 54.19% |
| Jun 30, 2019 | $5.84B | +11.5% | +6.3% | 53.10% |
Pro analysis — preview
— score, signals & key metrics shown; full reasoning lockedValuation
Market cap $171.54B at $365.54 per share. EV/Operating income ≈ 7.50 (EV $180.06B). FCF DCF intrinsic value ≈ $1020.74 → implied upside +179.2%.
- Market cap $171.54B at $365.54 per share.
Price & Technicals
Price $365.54 — uptrend (above 200-DMA); 1-month momentum positive. RSI(14) 49.11.
- Price $365.54 — uptrend (above 200-DMA); 1-month momentum positive.
Macro & Rates
Risk-on · Supportive. Real GDP growth 1.50% (quarterly, as of Apr 1, 2026). CPI inflation +3.3% YoY. Fed funds rate 3.63%, 10Y Treasury 4.71%.
- Market regime: Risk-on · Supportive.
Risk Scorecard
Composite risk Moderate. Leverage debt/equity 0.79 (moderate). Liquidity current ratio 1.09 (adequate).
- Composite risk: Moderate.
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Macro exposure
Rate-sensitive · High sensitivityMacro regime: Risk-on · Supportive. Visa Inc. is a rate-sensitive name (high macro sensitivity) — a supportive backdrop, though defensives lag risk-on tapes.
Analytical read
deterministic previewRevenue grew **+11.3%** YoY to $40.00B..
Peer comparison
Rate-sensitive groupHow V stacks up against tracked peers with similar macro sensitivity — by analytical score and macro exposure.
| Company | Score | Macro |
|---|---|---|
| Allstate Corp. ALL | 30 | Neutral |
| Visa Inc. V● you | 24 | Neutral |
| CME Group Inc. CME | 22 | Neutral |
| Capital One Financial COF | 21 | Neutral |
| Charles Schwab Corp. SCHW | 19 | Neutral |
| American Express Co. AXP | 16 | Neutral |
| Digital Realty Trust DLR | 11 | Neutral |
| Mastercard Inc. MA | 11 | Neutral |
| U.S. Bancorp USB | 10 | Neutral |
| Travelers Cos. TRV | 10 | Neutral |
| Simon Property Group SPG | 9 | Neutral |
| Welltower Inc. WELL | 9 | Neutral |
| Chubb Ltd. CB | 8 | Neutral |
| MetLife Inc. MET | 7 | Neutral |
| JPMorgan Chase & Co. JPM | 7 | Neutral |
| Dominion Energy D | 4 | Neutral |
| Bank of America Corp. BAC | 3 | Neutral |
| Moody's Corp. MCO | 2 | Neutral |
| PNC Financial Services PNC | 2 | Neutral |
| BlackRock Inc. BLK | 1 | Neutral |
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| American Electric Power AEP | 0 | Neutral |
| Bank of New York Mellon BK | 0 | Neutral |
| Marsh & McLennan MMC | 0 | Neutral |
| Wells Fargo & Co. WFC | 0 | Neutral |
| Truist Financial TFC | -1 | Neutral |
| American Water Works AWK | -2 | Neutral |
| Equinix Inc. EQIX | -4 | Neutral |
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| Southern Company SO | -7 | Neutral |
| Equity Residential EQR | -10 | Neutral |
| NextEra Energy NEE | -13 | Neutral |
| Morgan Stanley MS | -14 | Neutral |
| Duke Energy Corp. DUK | -16 | Neutral |
| Exelon Corp. EXC | -17 | Neutral |
| S&P Global SPGI | -19 | Neutral |
| American International Group AIG | -20 | Neutral |
| Crown Castle Inc. CCI | -21 | Neutral |