Debt is smaller than equity and it can meet short-term obligations.
Metrics · D/E ~67% · Current Ratio 1.09
💲Is the price expensive now?
Not cheap (fair to slightly pricey)
Because it is a good, popular company, those expectations are already priced in.
Metrics · P/E 29.6 · P/B 17.4
💡The #1 global payment network, a 'digital toll' business: 67% operating margin, 51% net margin, 60% ROE, low debt. But P/E 30x and P/B 17x make it a premium.
Compiled from public financial data. Not a recommendation to buy or sell any security. · Source: TradingView (margins, debt, liquidity, P/B are TTM), as of 2026-06-26
Business Summary · Key Value Metrics
The world's #1 card payment network, operating in 200-plus countries. An asset-light model that collects transaction fees without taking on credit risk. VisaNet connects cardholders, merchants, and banks. TTM revenue $43.0B with a 67.2% operating margin.
Visa is the world's #1 payment network, operating in 200-plus countries, and its core moat is a two-sided network effect in which merchants and cardholders draw each other in. Its asset-light model collects a transaction toll without bearing credit risk, delivering a 67.2% operating margin and 78% gross margin (TTM). It shares a global duopoly with Mastercard (source: company IR, TradingView).
Network Effect
A two-sided network linking merchants and cardholders; value reinforces itself as it scales.
Brand Trust
The Visa logo pays in 200-plus countries — irreplaceable global infrastructure.
Switching Costs
Replacing payment infrastructure is realistically very hard for banks and merchants.
Asset-Light Model
No credit risk, a pure network — maximizing capital efficiency.
10-Year Financial Trends
Revenue has grown at a 9-year CAGR of +11.4%, two to three times global GDP, while operating income (+13.2%) and net income (+14.3%) rose faster on operating leverage. In 2025 revenue was $40.0B and operating income $24.0B (about a 60% operating margin). The cash-to-digital shift, emerging markets, and B2B payments are the long-term growth drivers (source: SEC EDGAR 10-K, company IR).
9-Year CAGR: Revenue +11.4% · Operating Income +13.2% · Net Income +14.3% · EPS +16.9%
Source: SEC EDGAR 10-K, stockanalysis, TradingView, company IR. Fiscal year (September year-end) GAAP basis; EPS is TradingView diluted. P/E and ROE cover the last 5 years (stockanalysis), while revenue, operating income, operating margin, and EPS cover 10 years.
Mega-Cap Value Metric Comparison
Visa and Mastercard split the global payment network in a duopoly (90%-plus combined share), making them more symbiotic than competitive. Visa's 67.2% operating margin tops Mastercard's (59.5%), and its model differs from American Express, which carries credit risk (source: TradingView, company filings).
Metric
★ V
MA
AXP
Operating Margin
67.2%
59.5%
~25%
P/E (TTM)
29.6
28.9
~18
Model
Pure network
Pure network
Carries credit risk
P/E and operating margin = TTM · Source: TradingView, company filings, 2026-06-26.
Key Risk Factors (from 10-K)
●
Regulation and Antitrust Litigation— Ongoing DOJ antitrust probes and pressure to cut merchant fees; changes to the fee structure could dent revenue.Source: Regulators
●
Rising Incentive Costs— Competition to win banks and partners is pushing client incentive costs higher.Source: Company IR
●
Fintech and the Economy— Rivals like Stripe and PayPal (limited near-term threat), and payment volumes fall in a recession.Source: Company 10-K
✦ ValueCrab Dashboard PreviewV $336.23 +1.73% · as of 2026-06-26
Q. What are Visa's (V) key value-investing metrics?P/E (TTM) 29.6, operating margin 67.2%, net margin 51.2%, ROE 59.8%, TTM revenue +14.4%, and a 9-year revenue CAGR of +11.4% (source: TradingView, company IR, as of 2026-06-26).
Q. How does Visa make money?It doesn't lend money; it collects a 'toll' on every payment transaction. It's an asset-light model whose revenue rises automatically with inflation, economic growth, and the spread of electronic payments.
Q. How is it different from Mastercard?Both are pure payment networks in a global duopoly. Visa leads slightly on share and operating margin, and the two are more symbiotic than competitive.