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Visa Inc. (V)

Subavaliada
Financial ServicesCredit ServicesUnited States

Fundamental

69

Preço

$359.33

Capitalização de Mercado

$690.83B

Parte 1 · Quanto vale a empresa

Visão Geral

Visa runs the electronic network that connects banks, merchants and cardholders so that a card payment clears in seconds. It does not lend money or issue cards itself — banks do that — Visa only moves the transaction data and guarantees the payment reaches the merchant. It earns a small fee on an enormous number of transactions worldwide, and because the network already links millions of merchants and billions of cards, each additional transaction costs it very little to process.

Como gera receita

Visa books revenue in four categories: service fees for carrying volume on the network, data processing fees for authorizing and clearing each transaction, international transaction fees when a payment crosses currencies or borders, and other smaller fees. It then pays back a large chunk of that gross revenue to banks and merchants as client incentives to keep them issuing Visa cards and accepting them, so net revenue is what remains after those payments.

Receita por segmento

Data Processing35.8%

Fees for authorizing, clearing and settling each transaction on the network — the single largest and fastest-growing revenue line.

Service31.4%

Fees charged to financial institutions based on the payment volume carried on their Visa-branded cards.

International Transaction25.4%

Fees earned when a card is used in a currency or country different from where it was issued.

Other Revenue7.3%

Value-added services such as fraud prevention, consulting and data analytics sold to banks and merchants.

Vantagem competitiva

Efeitos de rede · Ampla

Visa's network is valuable precisely because so many banks and merchants already use it: a card is worth little if merchants won't take it, and a merchant terminal is worth little if customers don't carry the card. That mutual dependence, built over sixty years, is extremely hard for a new entrant to replicate — it would need both sides of the market on board at once.

O que impulsiona a procura

Moderadamente cíclico

Payment volume tracks overall consumer spending, so it slows when the economy weakens and picks up when it strengthens, but people keep paying for everyday goods even in a downturn, which makes the swings milder than in industries selling big discretionary purchases. Cross-border volume, tied to travel and international e-commerce, is the most cyclical slice of the business.

Principais riscos

  • Increasing regulation — Growing regulatory attention on the payments industry worldwide can impose costly new compliance burdens on Visa and its bank clients, and in some cases directly caps the fees Visa is allowed to charge.
  • Disintermediation — New payment technologies and bilateral arrangements — merchants settling directly with issuers or processors, for instance — can route transactions around Visa's network entirely, cutting it out of a deal it once earned a fee on.
  • Merchant and interchange litigation — Visa has faced large antitrust actions from U.S. and European merchants over how it sets default interchange rates, already resulting in billions of dollars in settlements and ongoing restrictions on how it can operate.
  • Data breaches and fraud — A breach involving card data stored by Visa or by a third party, or a disruption to its transaction-processing systems, could damage trust in the network and trigger liability and remediation costs.

Os argumentos a favor

Buyers argue that Visa's network effect is nearly impossible to dislodge, that fiscal 2025's 11% net revenue growth and expanding value-added services show the company is still finding new ways to grow, and that the business needs almost no capital to keep processing more transactions as global commerce keeps shifting from cash to cards.

Os argumentos contra

Sellers fear that regulators worldwide keep chipping away at interchange fees, that real-time bank-transfer schemes and stablecoins offer merchants a cheaper way to get paid that bypasses Visa entirely, and that a network built on two-sided trust is exactly what a large data breach could undermine.

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balanço & Liquidez

Receita

$43.03B

Últimos 12 meses (até 31/03/2026)

Resultado Líquido

$22.24B

Últimos 12 meses (até 31/03/2026)

Fluxo de Caixa Livre

$21.58B

Capital Próprio Total

$37.91B

Passivo Total

$61.72B

Rácio de Liquidez

1.09

Cobertura de Juros

42.34

Dívida/EBITDA

0.95

Resultados Por Ação

Sem dados de EPS disponíveis

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Caso geralSubvalorizada

Valor Justo

$631.86

Preço Atual

$359.33

Margem de Segurança

+43.1%

Intervalo de Valor Justo

$410.71 - $853.02

Dispersão entre os métodos de avaliação utilizados, não um intervalo de confiança calibrado estatisticamente.

Métodos de Estimativa

Preço-alvo dos analistas:$419.36
Fluxo de caixa descontado (DCF):$1506.03
Multiplicador de lucros (P/E):$282.88
Fórmula de crescimento de Graham:$414.25
Valor da capacidade de gerar lucro (EPV):$123.92
P/B justificado:$223.62
Desconto de dividendos (Gordon):$49.04
P/FFO, fundos de operações:$725.47
Lucros de meio de ciclo:$602.76
Multiplicador sobre as receitas:$61.33
Consenso dos Analistas:Compra Forte (45B / 6H / 0S)
Última Surpresa de Resultados:+0.84%

Métricas de Avaliação

Rácio P/E

29.96

ROE

52.9%

Rácio P/B

4.73

P/FCF

7.96

Margem Bruta

-

ROIC

31.5%

Radar de Rentabilidade

Criação de Valor (Vantagem Competitiva)

ROIC

31.5%

WACC

8.8%

ROIC − WACC

+22.7 pp

O ROIC supera o custo do capital — a empresa está a criar valor para os acionistas.

Critérios de Análise Fundamental

Aprovado (16)

  • Price CAGR 16.57%
  • ROIC 31.5%
  • P/FCF 7.96
  • Debt/Equity ratio
  • Operating Margin 61.1%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • ROE 61.3%
  • Revenue Growth 5Y 12.9%
  • Analyst Consensus 88% Buy
  • PEG Ratio 1.89
  • Earnings Quality (OCF/NI) 1.02

Reprovado (6)

  • P/B Ratio 4.73
  • Low reliance on intangibles
  • DCF valuation (Fairly valued)
  • Earnings Surprise avg 0.8%
  • Net Margin Trend 51.7% vs 52.9%
  • Piotroski F-Score 4/9

Indisponível (5)

  • EPS data insufficient
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Price below Graham Number
  • Share Dilution (missing shares data)

Piotroski F-Score

4/9

Sinais mistos: algumas áreas requerem atenção

score
criteria

Qualidade dos Resultados

1.02

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

-

A recomprar ações. Favorável ao acionista

Participações institucionais

Governação

Equipa Executiva

NomeCargoIdade
Mr. Ryan M. McInerneyCEO & Director50
Mr. Christopher SuhChief Financial Officer55
Mr. Rajat TanejaPresident of Technology61
Ms. Kelly Mahon Tullier J.D.Vice Chair, Chief People & Corporate Affairs Officer and Corporate Secretary59
Mr. Paul D. FabaraChief Risk & Client Services Officer59
Mr. Peter AndreskiSenior VP, Global Corporate Controller & Chief Accounting Officer52
Ms. Jennifer ComoHead of Investor Relations-
Ms. Julie B. Rottenberg J.D.General Counsel56
Mr. Frank Cooper IIIChief Marketing Officer61
Mr. Oliver JenkynGroup President of Global Markets52

Risco de Auditoria

10

Risco do Conselho

1

Risco de Remuneração

2

Risco dos Direitos dos Acionistas

4

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

Documentos

  • Relatório anual (10-K)

    Uma visão anual do negócio, dos resultados financeiros e dos riscos da empresa.

    Arquivado em 2025-11-06

    Ver documento
  • Relatório trimestral (10-Q)

    Uma atualização sobre o desempenho financeiro dos últimos três meses.

    Arquivado em 2026-07-29

    Ver documento
  • Relatório de fato relevante (8-K)

    Um aviso sobre um fato relevante, como uma mudança na liderança ou um grande anúncio.

    Arquivado em 2026-09-23

    Ver documento

via SEC EDGAR

Histórico de Resultados

via SEC EDGAR

Latest News

Recent headlines for V, sourced from Markets Gazette.

  • 22d agoNEUTRAL
    Visa India’s Next Bet Beyond UPI Dominance

    Visa's India Country Manager, Suresh Sethi, discussed the company's strategy to maintain card relevance amidst India's burgeoning digital payments landscape, particularly the dominance of Unified Payments Interface (UPI). Sethi highlighted Visa's focus on growth priorities, strategic partnerships, and leveraging India's digital public infrastructure. While the discussion centers on Visa's efforts to adapt and innovate in a competitive market, it does not present concrete financial results or forward-looking guidance that would immediately impact its stock price. Investors will monitor how Visa's strategic initiatives translate into market share and revenue growth in India.

  • 23d agoPOSITIVE
    Visa brings onchain credit to its growing stablecoin card business

    Visa is integrating onchain credit capabilities into its stablecoin card business, as stablecoin payment volume on its network has surged by nearly 200% year-over-year. This strategic move combines VisaNet settlement data with blockchain lending, signaling a significant expansion into the digital asset payment space. The substantial growth in stablecoin usage indicates increasing adoption and trust in these digital currencies for transactions. For investors, this development highlights Visa's commitment to innovation and its ability to adapt to evolving payment technologies, potentially unlocking new revenue streams and solidifying its market position in the future of digital finance.

  • 8/28/2026POSITIVE
    Visa works with Upbit parent on stablecoin payments, AI commerce

    Visa Inc. is collaborating with Dunamu, the parent company of South Korean crypto exchange Upbit, to explore the integration of stablecoin payments and remittances. This partnership will investigate various projects, including Open Standard's proposed OUSD stablecoin, for potential use in cross-border transactions. The initiative signals Visa's continued interest in leveraging blockchain technology to enhance payment efficiency and expand its reach into the digital asset space, potentially opening new revenue streams and improving transaction speeds for its global network.

  • 8/24/2026POSITIVE
    Visa and Mastercard stocks hit fresh records, underscoring a resilient U.S. consumer

    Visa and Mastercard stocks reached new all-time highs, reflecting robust consumer spending in the U.S. Despite consumers becoming more selective, aggregate spending remains strong, benefiting these payment giants. This resilience in consumer behavior, coupled with the companies' dominant market positions, suggests continued revenue growth and profitability. Investors are likely to view this trend positively, anticipating sustained performance from these payment network leaders.

  • 7/29/2026NEUTRAL
    Visa Beats Estimates, Takes $563 Million Charge on Job Cuts

    Visa Inc. reported fiscal third-quarter earnings that surpassed Wall Street expectations. However, the company also announced significant workforce reductions, planning to eliminate approximately 2,600 jobs. This move, while potentially impacting short-term morale and incurring restructuring charges, could be viewed by investors as a strategic effort to streamline operations and improve long-term profitability. The dual nature of beating estimates while implementing cost-saving measures presents a mixed picture for the payments giant.

  • 7/28/2026NEUTRAL
    Visa outlines stablecoin strategy during Q3 earnings call

    Visa Inc. detailed its strategic investments in the stablecoin ecosystem during its third-quarter earnings call. The company highlighted advancements in OpenUSD, tokenized deposits, and the integration of AI in commerce solutions. This strategic focus on stablecoins and emerging digital payment technologies indicates Visa's proactive approach to evolving financial landscapes. While the news provides insight into Visa's future direction, it does not immediately translate into a quantifiable financial impact on its current earnings or stock price, thus presenting a neutral signal for investors at this juncture.

  • 7/16/2026POSITIVE
    Exclusive: Visa launches new platform to provide stablecoin services to more than 200 million merchants

    Visa has launched a new platform enabling banks and fintech firms to mint, move, and manage stablecoins directly across its extensive network. This initiative opens up stablecoin services to over 200 million merchants globally, integrating digital currencies into mainstream payment systems. The move signifies a major step towards broader adoption of blockchain technology in financial transactions, potentially increasing transaction volumes and revenue streams for Visa. Investors should monitor the platform's uptake and its impact on Visa's core payment processing business.

  • 7/16/2026NEGATIVE
    Autonomous AI agent economy faces infrastructure gaps: Visa, Artemis

    A joint report by Visa and Artemis highlights significant infrastructure gaps hindering the commercial expansion of the autonomous AI agent economy. These bottlenecks, which include issues related to scalability, security, and interoperability, are preventing the widespread adoption of AI agents for commercial purposes. For investors, this suggests that while the potential for AI-driven economies is high, the realization of this potential faces substantial near-term challenges. Companies like Visa, which are foundational to digital transactions, may see slower growth in this specific area until these infrastructure issues are resolved.

  • 6/11/2026POSITIVE
    Visa thinks it’s a great idea for AI agents to shop and pay for things without human approval

    Visa's Chief Product Officer, Jack Forestell, suggested that AI agents could soon be authorized to make purchases without direct human approval. This vision implies a significant expansion of transaction volume and a new era of automated commerce, potentially boosting Visa's payment processing revenues. While raising questions about security and consumer control, the move signals Visa's proactive stance in leveraging AI to drive future growth and integrate its services more seamlessly into daily digital life, benefiting investors by positioning the company at the forefront of fintech innovation.

  • 6/10/2026NEUTRAL
    Visa’s CFO downplays the importance of stablecoin and agentic commerce to the U.S. payments giant—at least in the short term

    Visa's CFO, Chris Suh, expressed caution regarding the immediate impact of stablecoins and agentic commerce on the payments giant. He indicated a reluctance to heavily invest in these areas in the short term, suggesting that their significance to Visa's current business model is limited. This stance implies that while Visa is aware of emerging technologies, its strategic focus remains on its core payment processing operations. Investors may interpret this as a conservative approach, prioritizing established revenue streams over speculative, nascent technologies.

via Markets Gazette