Visa Inc. Financial Ratios — V PE 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 (%)	65.92	29.54	63.11	63.58	60.34	42.76	42.92	64.74	72.19	62.54	47.1	59.45	101.14	111.77	123.83
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 (%)	66.08	29.57	63.11	63.65	60.36	28.75	21.45	32.31	36.21	28.56	25.03	31.06	43.91	51.09	51.25
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 (%)	58.26	21.33	52.16	51.82	49.12	33.12	32.81	52.69	58.63	47.21	36.4	46.72	79.18	87.89	95.22

Credit (USD)

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	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	19.29	19.52	22.18	23.67	30.08	25.27	22.12	24.25	22.98	22.33	41.26	18.85	19.93	18.29	15.16
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 (%)	- -	- -	- -	- -	- -	49.54	49.75	49.76	46.87	48.73	34.29	49.4	50.9	53.21	47.78
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 (%)	- -	- -	- -	- -	- -	49.54	54.99	49.76	46.87	55.66	36	54.9	50.9	53.21	61.36
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 (%)	-46.45	-36.16	-37.77	-27.53	-42.26	38.81	36.1	33.53	31.92	28.87	10.75	26.83	17.47	32.6	33.56
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)

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	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	19.29	19.52	22.18	23.67	30.08	25.27	22.12	24.25	22.98	22.33	41.26	18.85	19.93	18.29	15.16
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 (%)	- -	- -	- -	- -	- -	49.54	49.75	49.76	46.87	48.73	34.29	49.4	50.9	53.21	47.78
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 (%)	- -	- -	- -	- -	- -	49.54	54.99	49.76	46.87	55.66	36	54.9	50.9	53.21	61.36
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	8.82	8.02	12.16	10.85	14.81	7	7.43	9.1	9.34	8.53	9.13	7.43	8.52	8.98	9.36

Working Capital (USD)

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	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)

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	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	70,633	108,767	124,419	133,350	170,388	197,322	241,947	335,901	376,358	427,736	474,235	368,268	469,220	547,425	662,960
- 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	67,235	105,950	120,164	129,400	164,373	204,266	246,876	340,822	383,298	432,871	479,780	374,520	471,253	554,117	669,879
Total Capital	6,706	7,809	7,974	9,131	11,843	32,061	33,401	33,418	35,693	43,244	58,263	40,890	40,201	39,156	41,022
Total Debt/Capital (%)	- -	- -	- -	- -	- -	49.54	54.99	49.76	46.87	55.66	36	54.9	50.9	53.21	61.36
Total Debt / EV	- -	- -	- -	- -	- -	0.08	0.07	0.05	0.04	0.06	0.04	0.06	0.04	0.04	0.04
EV/Sales	7.32	10.17	10.2	10.19	11.84	13.54	13.45	16.54	16.68	19.81	19.9	12.78	14.43	15.42	16.75
EV/EBITDA	11.69	16.12	15.73	15.07	17.17	19.9	19.41	24.05	23.87	29.13	28.88	18.23	20.61	22.08	24.12
EV/EBIT	12.31	16.98	16.59	15.88	18.11	20.92	20.3	25.13	24.89	30.72	30.35	19.03	21.49	23.03	25.23
EV/Cash Flow to Firm	17.27	21.15	39.76	17.95	24.96	34.66	25.61	25.37	29	39.91	30.72	19.41	22.14	27.06	28.45
EV/Free Cash Flow to Firm	15.84	21.15	39.76	17.95	24.96	34.66	23.86	24.08	27.43	37.37	29.39	18.48	21.09	25.49	26.76
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	20.4	32.7	46.15	51.76	67.2	85.61	107.38	152.29	175.18	202.37	225.35	180.67	231.01	278.31	344.94
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)

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	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	12.31	16.98	16.59	15.88	18.11	20.92	20.3	25.13	24.89	30.72	30.35	19.03	21.49	23.03	25.23
Enterprise Value	67,235	105,950	120,164	129,400	164,373	204,266	246,876	340,822	383,298	432,871	479,780	374,520	471,253	554,117	669,879
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	7.32	10.17	10.2	10.19	11.84	13.54	13.45	16.54	16.68	19.81	19.9	12.78	14.43	15.42	16.75
EV/EBITDA	11.69	16.12	15.73	15.07	17.17	19.9	19.41	24.05	23.87	29.13	28.88	18.23	20.61	22.08	24.12
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	10.53	13.93	15.6	14.6	14.39	12.2	16.09	20.01	22.56	23.67	13.86	22.85	26.01	31.66	43.89
Price/Book Value Average	9.62	11.73	13.56	14.5	13.71	11.38	13.79	16.75	20.49	22.23	13.67	27.05	25.26	30.71	42.84
Price/Book Value High	11.64	14.17	16.4	16.12	15.89	12.36	16.34	20.08	24.54	25.73	15.73	30.48	28.28	33.75	48.27
Price/Book Value Low	8.17	8.48	11.01	12.33	10.08	9.75	11.5	13.98	15.95	15.86	11.16	22.49	19.74	26.23	35.13
Price/Tangible Book Value	21.19	24.02	32.42	31.38	25.6	-21.02	-23.72	-38.41	-37.5	-49.66	-52.04	-38.38	-66.41	-70.87	-63.99
Price/Tangible Book Value Average	19.36	20.23	28.16	31.17	24.39	-19.61	-20.33	-32.16	-34.05	-46.62	-51.31	-45.43	-64.48	-68.75	-62.46
Price/Tangible Book Value High	23.43	24.44	34.07	34.64	28.27	-21.3	-24.09	-38.55	-40.78	-53.97	-59.03	-51.2	-72.19	-75.54	-70.38
Price/Tangible Book Value Low	16.45	14.62	22.88	26.49	17.93	-16.8	-16.95	-26.84	-26.51	-33.26	-41.87	-37.77	-50.41	-58.71	-51.21
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	6.79	8.59	8.99	10.27	11.44	12.89	11.76	14.06	15.36	18.79	19.71	15.18	14.13	15.06	16.4
EV/Sales High	8.27	10.42	10.92	11.43	13.3	13.94	13.84	16.77	18.3	21.69	22.63	17.07	15.8	16.52	18.45
EV/Sales Low	5.73	6.15	7.27	8.71	8.35	11.14	9.88	11.8	12.07	13.52	16.14	12.68	11.09	12.9	13.48
EV/EBITDA Average	10.85	13.63	13.86	15.2	16.59	18.94	16.97	20.44	21.98	27.63	28.61	21.66	20.18	21.56	23.61
EV/EBITDA High	13.21	16.53	16.83	16.92	19.29	20.48	19.98	24.38	26.18	31.89	32.84	24.36	22.56	23.65	26.57
EV/EBITDA Low	9.16	9.76	11.21	12.88	12.1	16.37	14.25	17.16	17.27	19.88	23.43	18.09	15.83	18.47	19.42
EV/EBIT Average	11.42	14.35	14.62	16.01	17.49	19.91	17.74	21.37	22.92	29.13	30.06	22.61	21.05	22.48	24.7
EV/EBIT High	13.9	17.41	17.76	17.82	20.34	21.53	20.89	25.48	27.3	33.62	34.51	25.42	23.53	24.67	27.79
EV/EBIT Low	9.64	10.28	11.82	13.57	12.76	17.21	14.91	17.94	18	20.96	24.62	18.88	16.51	19.26	20.31
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	62,403	89,561	105,908	130,466	158,812	194,394	215,814	289,745	352,947	410,510	475,166	444,952	461,517	540,879	655,891
Enterprise Value High	75,955	108,604	128,587	145,229	184,628	210,186	254,118	345,600	420,441	473,799	545,504	500,303	515,997	593,394	737,992
Enterprise Value Low	52,685	64,119	85,621	110,604	115,847	168,025	181,309	243,234	277,237	295,363	389,151	371,508	362,059	463,402	539,384

Shares Outstanding	2,650	2,646	2,522	2,450	2,412	2,329	2,260	2,198	2,152	2,109	2,107	2,086	2,032	1,981	1,933
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	1.03	0.87	1.63	1.58	2.46	3.75	5.85	5.23	5.52	9.37	8.7	8.93	9.87	7.62	9.78
Book Value per Share	2.03	2.41	3.06	3.65	4.84	6.78	6.54	7.5	7.62	8.45	16.07	7.77	8.84	8.68	7.78
Tangible Book Value per Share	1.01	1.4	1.47	1.7	2.72	-3.93	-4.44	-3.91	-4.59	-4.03	-4.28	-4.63	-3.46	-3.88	-5.34

Visa Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)