Visa Inc. Financial Ratios — V Stock

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Return on Common Equity (%)	14.19	7.93	18.28	20.04	22.1	19.09	20.4	30.86	36.38	32.19	35.37	44.14	49.15	52.55	53.3
Return on Assets (%)	10.71	5.73	13.11	14.59	16.24	11.59	10.15	15.02	17.04	14.16	15.03	17.76	19.63	21.34	20.66
Return on Capital (%)	14.27	7.94	18.28	20.06	22.11	16.05	14.05	21.21	24.52	20.18	21.38	26.42	30.37	34.02	33.39
Return on Invested Capital (%)	13.65	22.35	18.2	21.09	22.25	18.51	13.89	21.39	24.5	19.88	20.39	27.84	30.72	33.33	35.78
Gross Margin (%)	80.24	79.46	79.62	81.25	81.61	81.67	82.31	81.29	81.87	79.35	79.38	80.44	79.89	80.4	80.36
EBITDA Margin (%)	62.59	63.06	64.86	67.59	68.96	68.05	69.28	68.78	69.88	68.02	68.91	70.09	70.04	69.84	69.44
Operating Margin (%)	59.46	59.87	61.49	64.16	65.4	64.73	66.25	65.8	67.03	64.51	65.58	67.15	67.15	66.96	66.39
Incremental Operating Margin (%)	81.83	62.94	73.91	98.27	78.78	56.91	73.29	62.11	77.7	115.74	75.92	74.43	67.19	65.08	61.34
Pretax Margin (%)	61.56	21.18	61.61	60.81	64.81	53.12	63.7	62.14	64.78	63.12	66.64	61.88	64.43	66.57	60.48
Profit Margin (%)	39.73	20.57	42.28	42.81	45.59	39.72	36.49	49.98	52.57	49.74	51.07	51.03	52.9	54.95	50.14
Net Income to Common Margin (%)	39.73	20.57	42.28	42.81	45.59	39.72	36.49	49.98	52.57	49.74	51.07	51.03	52.9	54.95	50.14
Effective Tax Rate (%)	35.54	2.95	31.38	29.6	29.65	25.22	42.71	19.56	18.84	21.2	23.36	17.53	17.89	17.45	17.1
Dvd Payout Ratio (%)	11.61	27.8	17.35	18.5	18.6	22.53	23.57	18.62	18.78	24.52	22.73	21.41	21.72	21.36	23.1
Sustainable Growth Rate (%)	12.54	5.73	15.1	16.33	17.99	14.79	15.59	25.11	29.55	24.3	27.33	34.69	38.47	41.32	40.98

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Total Debt	- -	- -	- -	- -	- -	15,882	18,367	16,630	16,729	24,070	20,977	22,450	20,463	20,836	25,171
ST Debt	- -	- -	- -	- -	- -	- -	1,749	- -	- -	2,999	999	2,250	- -	- -	5,569
LT Debt	- -	- -	- -	- -	- -	15,882	16,618	16,630	16,729	21,071	19,978	20,200	20,463	20,836	19,602
Total Debt/EBITDA	- -	- -	- -	- -	- -	1.55	1.44	1.17	1.04	1.62	1.26	1.09	0.89	0.83	0.91
Net Debt/EBITDA	-0.37	-0.32	-0.29	-0.23	-0.37	1	0.67	0.6	0.55	0.52	0.27	0.33	0.18	0.35	0.29
Total Debt/EBIT	- -	- -	- -	- -	- -	1.63	1.51	1.23	1.09	1.71	1.33	1.14	0.93	0.87	0.95
Net Debt/EBIT	-0.39	-0.33	-0.3	-0.24	-0.39	1.05	0.7	0.62	0.58	0.55	0.28	0.34	0.19	0.37	0.3
EBITDA to Interest Expense	179.72	- -	- -	1,073.12	3,190.67	24.04	22.59	23.16	30.13	28.8	32.38	38.18	35.51	39.14	47.16
EBITDA-CapEx/Interest Expense	168.69	- -	- -	1,073.12	3,190.67	24.04	21.34	21.99	28.71	27.37	31.01	36.38	33.87	37.18	44.64
EBIT to Interest Expense	170.72	- -	- -	1,018.75	3,026	22.86	21.6	22.16	28.89	27.31	30.81	36.58	34.05	37.53	45.09
Interest Expense	32	- -	- -	8	3	427	563	612	533	516	513	538	644	641	589
Common Equity/Total Assets	76.06	69.05	74.73	71.08	75.8	51.4	48.19	49.12	44.64	43.38	41.63	38.9	40.92	40.32	37.3
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	48.26	50.73	48.9	48.23	58.19	53.15	56.77	52.83	53.24	51.71
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	32.55	32.5	32.84	32.54	34.96	34.11	34.81	34.57	34.74	31.07
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	24.8	24.45	24.02	23.05	26.04	24.1	23.63	22.61	22.05	19.68
Total Debt/Equity (%)	- -	- -	- -	- -	- -	48.26	56.07	48.9	48.23	66.47	55.81	63.1	52.83	53.24	66.4
Total Debt/Capital (%)	- -	- -	- -	- -	- -	32.55	35.92	32.84	32.54	39.93	35.82	38.69	34.57	34.74	39.9
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	24.8	27.02	24.02	23.05	29.75	25.31	26.26	22.61	22.05	25.27
Net Debt to Equity	-8.05	-7.51	-8.14	-7.19	-11.79	31.18	25.92	24.9	25.63	21.49	11.94	19	10.78	22.64	21.12
Net Debt/Capital (%)	-8.75	-8.12	-8.86	-7.75	-13.36	23.77	20.59	19.94	20.4	17.69	10.67	15.97	9.73	18.46	17.44
EBITDA	5,751	6,572	7,639	8,585	9,572	10,264	12,719	14,174	16,057	14,859	16,611	20,542	22,870	25,091	27,776
EBITDA-CapEx	5,398	6,572	7,639	8,585	9,572	10,264	12,012	13,456	15,301	14,123	15,906	19,572	21,811	23,834	26,294
Operating Income (Loss)	5,463	6,239	7,242	8,150	9,078	9,762	12,163	13,561	15,401	14,092	15,807	19,681	21,927	24,057	26,556

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Cash Ratio	0.98	0.35	0.98	0.66	1.12	1.11	1.34	1.04	0.9	1.38	1.18	0.89	0.87	0.57	0.54
Current Ratio	2.66	1.48	1.8	1.59	1.87	1.78	1.9	1.61	1.56	1.91	1.75	1.45	1.45	1.28	1.08
Quick Ratio	1.3	0.52	1.37	0.94	1.37	1.42	1.6	1.28	1.24	1.58	1.41	1.08	1.07	0.84	0.75
CFO/Avg Current Liab	1.11	0.88	0.49	1.39	1.16	0.83	1.03	1.22	1.03	0.75	1.01	1.03	0.94	0.8	0.75
Common Equity/Total Assets	76.06	69.05	74.73	71.08	75.8	51.4	48.19	49.12	44.64	43.38	41.63	38.9	40.92	40.32	37.3
Long-Term Debt/Equity (%)	- -	- -	- -	- -	- -	48.26	50.73	48.9	48.23	58.19	53.15	56.77	52.83	53.24	51.71
Long-Term Debt/Capital (%)	- -	- -	- -	- -	- -	32.55	32.5	32.84	32.54	34.96	34.11	34.81	34.57	34.74	31.07
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	- -	24.8	24.45	24.02	23.05	26.04	24.1	23.63	22.61	22.05	19.68
Total Debt/Equity (%)	- -	- -	- -	- -	- -	48.26	56.07	48.9	48.23	66.47	55.81	63.1	52.83	53.24	66.4
Total Debt/Capital (%)	- -	- -	- -	- -	- -	32.55	35.92	32.84	32.54	39.93	35.82	38.69	34.57	34.74	39.9
Total Debt/Total Assets (%)	- -	- -	- -	- -	- -	24.8	27.02	24.02	23.05	29.75	25.31	26.26	22.61	22.05	25.27
CFO/Total Liabilities	46.52	40.45	33.26	64.58	69.12	17.91	26.46	36.74	33.74	23.35	33.61	37.76	40.09	36.03	37.36
CFO/CapEx	10.97	- -	- -	- -	- -	- -	13.18	18.02	16.91	14.18	21.6	19.43	19.6	15.87	15.56
Altman's Z-Score	7.82	7.05	11.89	10.7	14.65	6.9	7.34	8.99	9.22	8.44	9.04	7.44	8.47	8.93	9.31

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Accounts Receivable Turnover	17.74	16.24	15.87	16.05	16.63	15.98	16.9	17.61	16.71	13.83	13.44	14.7	15.15	14.81	14.07
Days Sales Outstanding	20.58	22.47	22.99	22.74	21.94	22.85	21.6	20.72	21.84	26.4	27.15	24.83	24.09	24.65	25.95
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	11.87	13.33	14.29	14.39	18.64	16.75	17.01	21.3	24.57	27.35	22.59	18.92	18.37	16.49	15.19
Accounts Payable Turnover Days	30.75	27.38	25.55	25.36	19.59	21.79	21.46	17.13	14.85	13.35	16.16	19.29	19.87	22.13	24.02
Cash Conversion Cycle	-10.17	-4.91	-2.56	-2.62	2.36	1.06	0.14	3.59	6.99	13.05	10.99	5.54	4.22	2.52	1.92
Inventory to Cash Days	20.58	22.47	22.99	22.74	21.94	22.85	21.6	20.72	21.84	26.4	27.15	24.83	24.09	24.65	25.95
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Market Capitalization	56,712	88,705	120,329	130,491	167,769	191,923	236,970	329,358	368,740	421,017	467,488	369,372	465,474	542,326	657,225
- Cash & Cash Equivalents	2,127	2,074	2,186	1,971	3,518	5,619	9,874	8,162	7,838	16,289	16,487	15,689	16,286	11,975	17,164
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	2,285	1,106	3,080	2,324	1,698	1,031	745
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	- -	- -	- -	15,882	18,367	16,630	16,729	24,070	20,977	22,450	20,463	20,836	25,171
Enterprise Value	53,314	85,888	116,074	126,541	161,754	198,867	241,899	334,279	375,680	426,152	473,033	375,624	467,507	549,018	664,144
Total Capital	26,437	27,630	26,870	27,413	29,842	48,794	51,127	50,636	51,413	60,280	58,566	58,031	59,196	59,973	63,080
Total Debt/Capital (%)	- -	- -	- -	- -	- -	32.55	35.92	32.84	32.54	39.93	35.82	38.69	34.57	34.74	39.9
Total Debt / EV	- -	- -	- -	- -	- -	0.08	0.08	0.05	0.04	0.06	0.04	0.06	0.04	0.04	0.04
EV/Sales	5.8	8.24	9.86	9.96	11.65	13.19	13.18	16.22	16.35	19.51	19.62	12.82	14.32	15.28	16.6
EV/EBITDA	9.27	13.07	15.19	14.74	16.9	19.38	19.02	23.58	23.4	28.68	28.48	18.29	20.44	21.88	23.91
EV/EBIT	9.76	13.77	16.03	15.53	17.82	20.37	19.89	24.65	24.39	30.24	29.93	19.09	21.32	22.82	25.01
EV/Cash Flow to Firm	13.7	17.15	38.41	17.55	24.56	33.74	25.09	24.88	28.42	39.29	30.28	19.47	21.97	26.81	28.2
EV/Free Cash Flow to Firm	12.56	17.15	38.41	17.55	24.56	33.74	23.38	23.62	26.89	36.79	28.98	18.54	20.92	25.26	26.53
Diluted Market Cap	87,606	129,446	160,159	161,727	205,427	239,334	299,829	416,500	467,523	532,920	584,942	454,429	576,635	659,605	748,988
Diluted Enterprise Value	85,479	127,372	157,973	159,756	201,909	249,597	308,322	424,968	478,699	541,807	592,512	463,514	582,510	669,497	757,740
EV per Share	20.15	32.5	46.09	51.73	67.16	85.69	107.43	152.33	175.25	202.41	225.39	180.66	231.01	278.34	344.97
TTM Sales	9,188	10,421	11,778	12,702	13,880	15,082	18,358	20,609	22,977	21,846	24,105	29,310	32,653	35,926	40,000
TTM EBITDA	5,751	6,572	7,639	8,585	9,572	10,264	12,719	14,174	16,057	14,859	16,611	20,542	22,870	25,091	27,776
TTM Operating Income	5,463	6,239	7,242	8,150	9,078	9,762	12,163	13,561	15,401	14,092	15,807	19,681	21,927	24,057	26,556
TTM Cash Flow to Firm	3,893	5,009	3,022	7,211	6,586	5,893	9,640	13,433	13,217	10,847	15,620	19,293	21,284	20,479	23,547
TTM Free Cash Flow to Firm	4,246	5,009	3,022	7,211	6,586	5,893	10,347	14,151	13,973	11,583	16,325	20,263	22,343	21,736	25,029

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	09/30/2011	09/30/2012	09/30/2013	09/30/2014	09/30/2015	09/30/2016	09/30/2017	09/30/2018	09/30/2019	09/30/2020	09/30/2021	09/30/2022	09/30/2023	09/30/2024	09/30/2025

Price/Free Cash Flow	20.74	25.84	53	22.45	31.2	42.94	29.91	30.49	34.53	47.68	36.71	22.93	26.43	31.1	30.52
EV/EBIT	9.76	13.77	16.03	15.53	17.82	20.37	19.89	24.65	24.39	30.24	29.93	19.09	21.32	22.82	25.01
Enterprise Value	53,314	85,888	116,074	126,541	161,754	198,867	241,899	334,279	375,680	426,152	473,033	375,624	467,507	549,018	664,144
Low Price	16.63	20.43	33.72	45.03	48.8	66.12	75.17	104.9	121.6	133.93	179.23	174.83	174.6	227.78	273.24
EV/Sales	5.8	8.24	9.86	9.96	11.65	13.19	13.18	16.22	16.35	19.51	19.62	12.82	14.32	15.28	16.6
EV/EBITDA	9.27	13.07	15.19	14.74	16.9	19.38	19.02	23.58	23.4	28.68	28.48	18.29	20.44	21.88	23.91
Price/Earnings	19.35	50.73	24.98	24.52	26.93	32.94	36.12	32.61	31.16	39.36	38.52	24.62	27.16	27.73	33.05
Price/Earnings Average	17.68	42.74	21.71	24.35	25.65	30.73	30.95	27.31	28.29	36.96	37.98	29.14	26.38	26.89	32.26
Price/Earnings High	21.39	51.62	26.26	27.07	29.73	33.37	36.67	32.73	33.88	42.79	43.7	32.84	29.53	29.55	36.36
Price/Earnings Low	15.02	30.87	17.63	20.7	18.86	26.33	25.8	22.79	22.02	26.36	31	24.23	20.62	22.97	26.45
Price/Book Value	2.15	3.21	4.48	4.76	5.62	5.83	7.23	9.69	11.38	11.99	13.55	11.11	12.57	14.23	17.68
Price/Book Value Average	1.96	2.7	3.89	4.73	5.36	5.44	6.2	8.11	10.34	11.26	13.36	13.15	12.2	13.8	17.26
Price/Book Value High	2.37	3.27	4.71	5.25	6.21	5.91	7.34	9.72	12.38	13.04	15.37	14.81	13.66	15.17	19.45
Price/Book Value Low	1.66	1.95	3.16	4.02	3.94	4.66	5.17	6.77	8.05	8.03	10.9	10.93	9.54	11.79	14.15
Price/Tangible Book Value	17.02	19.59	31.35	30.71	25.21	-20.44	-23.24	-37.66	-36.74	-48.88	-51.3	-38.5	-65.88	-70.21	-63.43
Price/Tangible Book Value Average	15.55	16.5	27.24	30.5	24.01	-19.08	-19.91	-31.53	-33.36	-45.89	-50.58	-45.56	-63.97	-68.1	-61.92
Price/Tangible Book Value High	18.81	19.93	32.95	33.9	27.83	-20.71	-23.59	-37.8	-39.95	-53.12	-58.19	-51.35	-71.62	-74.84	-69.77
Price/Tangible Book Value Low	13.2	11.92	22.13	25.93	17.66	-16.34	-16.6	-26.32	-25.97	-32.73	-41.28	-37.89	-50.01	-58.17	-50.77
Price/Sales	7.69	10.44	10.56	10.5	12.28	13.08	13.18	16.3	16.38	19.58	19.67	12.56	14.37	15.24	16.57
Price/Sales Average	7.02	8.79	9.18	10.43	11.7	12.21	11.29	13.65	14.87	18.38	19.4	14.87	13.95	14.78	16.18
Price/Sales High	8.5	10.62	11.1	11.59	13.56	13.26	13.38	16.36	17.81	21.28	22.32	16.76	15.62	16.24	18.23
Price/Sales Low	5.97	6.35	7.46	8.86	8.6	10.46	9.41	11.39	11.58	13.11	15.83	12.37	10.91	12.62	13.27
Price/Cash Flow	18.24	21.71	41.17	18.51	25.88	35.4	25.97	25.96	29.44	40.97	31.14	19.54	22.61	27.44	28.75
Price/Cash Flow Average	16.67	18.29	35.77	18.38	24.66	33.03	22.25	21.74	26.73	38.47	30.71	23.12	21.95	26.62	28.06
Price/Cash Flow High	20.17	22.1	43.27	20.43	28.58	35.87	26.36	26.05	32.01	44.53	35.33	26.06	24.58	29.25	31.62
Price/Cash Flow Low	14.16	13.21	29.06	15.62	18.13	28.3	18.55	18.14	20.81	27.44	25.06	19.23	17.16	22.73	23.01
Price/Free Cash Flow Average	18.94	21.77	46.04	22.29	29.73	40.07	25.63	25.53	31.36	44.77	36.2	27.14	25.67	30.17	29.79
Price/Free Cash Flow High	22.92	26.3	55.7	24.78	34.45	43.5	30.37	30.6	37.55	51.83	41.65	30.58	28.74	33.15	33.57
Price/Free Cash Flow Low	16.09	15.73	37.4	18.95	21.86	34.33	21.36	21.31	24.41	31.94	29.54	22.56	20.07	25.77	24.43
EV/Sales Average	5.41	6.97	8.69	10.05	11.26	12.56	11.52	13.79	15.06	18.5	19.44	15.23	14.02	14.92	16.26
EV/Sales High	6.59	8.46	10.55	11.19	13.09	13.57	13.57	16.45	17.94	21.35	22.31	17.12	15.68	16.37	18.29
EV/Sales Low	4.56	4.98	7.02	8.52	8.21	10.85	9.68	11.58	11.83	13.31	15.92	12.71	11	12.78	13.37
EV/EBITDA Average	8.64	11.06	13.4	14.87	16.33	18.45	16.63	20.06	21.55	27.2	28.21	21.72	20.02	21.36	23.41
EV/EBITDA High	10.53	13.42	16.27	16.55	18.99	19.94	19.58	23.92	25.67	31.39	32.38	24.43	22.38	23.43	26.34
EV/EBITDA Low	7.28	7.9	10.83	12.6	11.91	15.95	13.98	16.84	16.93	19.57	23.1	18.14	15.71	18.3	19.25
EV/EBIT Average	9.09	11.65	14.13	15.66	17.22	19.4	17.39	20.96	22.47	28.68	29.64	22.67	20.88	22.28	24.49
EV/EBIT High	11.09	14.14	17.16	17.43	20.02	20.97	20.48	25	26.76	33.1	34.03	25.5	23.35	24.44	27.55
EV/EBIT Low	7.67	8.32	11.42	13.27	12.56	16.77	14.61	17.6	17.65	20.64	24.28	18.93	16.38	19.09	20.14
Last Price	21.43	33.57	47.78	53.34	69.66	82.7	105.24	150.09	172.01	199.97	222.75	177.65	230.01	274.95	341.38
High Price	23.69	34.16	50.22	58.88	76.92	83.79	106.84	150.64	187.05	217.35	252.67	236.96	250.06	293.07	375.51
Enterprise Value Average	49,685	72,659	102,355	127,627	156,317	189,356	211,550	284,266	346,029	404,202	468,513	446,257	457,878	535,932	650,292
Enterprise Value High	60,566	88,190	124,288	142,073	181,736	204,715	249,066	339,033	412,157	466,496	537,851	501,775	511,924	587,959	731,684
Enterprise Value Low	41,883	51,910	82,735	108,191	114,012	163,708	177,754	238,661	271,851	290,864	383,722	372,593	359,215	459,177	534,794

Shares Outstanding	2,646	2,642	2,518	2,446	2,408	2,321	2,252	2,194	2,144	2,105	2,099	2,079	2,024	1,972	1,925
Diluted Weighted Avg Shares	4,088	3,856	3,352	3,032	2,949	2,894	2,849	2,775	2,718	2,665	2,626	2,558	2,507	2,399	2,194
Basic Weighted Avg Shares	3,296	3,240	2,604	2,500	2,446	2,386	2,299	2,238	2,188	2,139	2,129	2,073	2,040	1,991	1,942
Revenue per Share	2.79	3.22	4.52	5.08	5.67	6.32	7.99	9.21	10.5	10.21	11.32	14.14	16.01	18.04	20.6
EBITDA per Share	1.74	2.03	2.93	3.43	3.91	4.3	5.53	6.33	7.34	6.95	7.8	9.91	11.21	12.6	14.3
Operating Income per Share	1.66	1.93	2.78	3.26	3.71	4.09	5.29	6.06	7.04	6.59	7.42	9.49	10.75	12.08	13.67
Basic EPS, GAAP	1.11	0.66	1.91	2.18	2.59	2.51	2.91	4.6	5.52	5.08	5.78	7.22	8.47	9.92	10.33
Basic EPS from Cont Ops	1.11	0.66	1.91	2.18	2.59	2.51	2.91	4.6	5.52	5.08	5.78	7.22	8.47	9.92	10.33
Diluted EPS, GAAP	0.89	0.56	1.49	1.79	2.15	2.07	2.35	3.71	4.44	4.08	4.69	5.85	6.89	8.23	9.14
Diluted EPS from Cont Ops	0.89	0.56	1.49	1.79	2.15	2.07	2.35	3.71	4.44	4.08	4.69	5.85	6.89	8.23	9.14
Dividend per Share	0.13	0.18	0.33	0.4	0.48	0.57	0.69	0.86	1.04	1.25	1.31	1.55	1.84	2.12	2.39
Cash Flow per Share	1.17	1.55	1.16	2.88	2.69	2.34	4.05	5.78	5.84	4.88	7.15	9.09	10.17	10.02	11.87
Free Cash Flow per Basic Share	1.07	1.55	1.16	2.88	2.69	2.34	3.75	5.46	5.5	4.54	6.82	8.62	9.65	9.39	11.11
Cash & Equivalents per Share	1.28	1.07	1.69	1.61	2.5	3.85	5.97	5.34	5.63	9.52	8.82	8.91	9.95	7.69	9.87
Book Value per Share	9.99	10.46	10.67	11.21	12.39	14.18	14.55	15.5	15.11	16.67	16.44	16	18.3	19.32	19.3
Tangible Book Value per Share	1.26	1.71	1.52	1.74	2.76	-4.05	-4.53	-3.99	-4.68	-4.09	-4.34	-4.61	-3.49	-3.92	-5.38

Visa Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)