“Visa runs the world's largest card payments network, earning a small fee each time a Visa card is used.”
🐂 Bull
- Toll-road economics on global consumer spending
- 64% GAAP operating margin last quarter
- Free cash flow $21.6B = 54% of FY revenue
🐻 Bear
- Antitrust and interchange-fee regulation; new payment rails
- Net debt $10.0B ($22.4B debt vs $12.4B cash + ST inv)
What changed
Quarter revenue $11.2B, +17% YoY; operating income $7.2B vs $5.4B a year ago (+33%).
V · Visa Inc.
Services · ◆ Epic · Power 85/100 · CIK 0001403161
What it does
Visa runs the world's largest card payments network, earning a small fee each time a Visa card is used. Banks issue the cards and carry the credit risk, not Visa.
What changed
10-Q for the period ending 2026-06-30, filed 2026-07-29 0001403161-26-000104
Quarter revenue $11.2B, +17% YoY; operating income $7.2B vs $5.4B a year ago (+33%).
- Revenue (qtr to 2026-03-31): $11.2B (+17% YoY) 0001403161-26-000079
- Operating income (qtr to 2026-03-31): $7.2B (+33% YoY) 0001403161-26-000079
- Operating cash flow (FY to 2025-09-30): $23.1B (+16% YoY) 0001403161-25-000089
🐂 Bull case
- Toll-road economics on global consumer spending
- 64% GAAP operating margin last quarter 0001403161-26-000079
- Free cash flow $21.6B = 54% of FY revenue 0001403161-25-000089
🐻 Bear case
- Antitrust and interchange-fee regulation; new payment rails
- Net debt $10.0B ($22.4B debt vs $12.4B cash + ST inv) 0001403161-26-000079
🚩 Red flags
- None triggered by our rules this period.
Data notes: latest filing (2026-06-30) not yet in XBRL frames; numbers are from the prior quarter.
10-year history PRO
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How the power level is computed
Power (0–100) = Growth 25 × clip(quarter revenue YoY ÷ 30%) + Profit 25 × clip(quarter GAAP operating margin ÷ 30%) + Cash 20 × clip(FY free cash flow ÷ FY revenue ÷ 25%) + Fortress 15 (full if cash + short-term investments ≥ debt, else 15 × clip(1 − net debt ÷ FY revenue); half if debt isn't tagged) + Dilution 15 (full if diluted shares flat/down YoY, 0 at +5%). Missing inputs get half credit. Banks and insurers get a Financials frame: their score isn't comparable.
Not investment advice. Ticker Card summarizes public SEC EDGAR filings, which can be restated or late. No stock prices. Every number cites the filing's accession number. Source: SEC EDGAR.