Buyback yield (TTM)
3.69%
Shareholder yield (TTM)
4.53%
5Y share count change
-11.6%
Buyback spend (TTM)
$21.33B
Cumulative buybacks
$132.65B
Key takeaways
- Visa (V) repurchased about $21.33B of stock over the trailing twelve months.
- Diluted share count is down 11.6% over the last ~5 fiscal years — buybacks are net-shrinking the share base.
- TTM buyback ÷ stock-based-comp ratio of 23.19× — repurchases more than cover SBC dilution.
- Cash buyback spend has compounded at +10.5% per year over the latest 5-year window.
- TTM repurchases used about 131% of free cash flow remaining after dividends.
Dividend & buyback yield over time for Visa (V)
Stacked annual yields — buyback yield (TTM cash repurchases ÷ market cap) plus dividend yield from the same fiscal-year-end key-metrics period — show how total cash return per dollar of equity has evolved.
Diluted vs basic shares (annual) for Visa (V)
Diluted weighted-average shares are the EPS denominator — a falling count means buybacks are outpacing SBC dilution.
Year-over-year change in diluted shares for Visa (V)
Green is fewer shares vs the prior fiscal year (net repurchase); red is growth (dilution). The earliest year shown has no prior year to compare.
Cash buyback spend over time for Visa (V)
Latest: $13.39B
Overview
Visa (V) most recent annual buyback spend stands at $13.39B (2025) – declined 19.9% year-over-year.
Over 2020–2025 (5 years), Visa buyback spend expanded at a +10.5% compound annual rate, with mixed annual results across the window.
Visa buyback spend peaked at $16.71B in 2024; the latest annual figure is $13.39B in 2025 (19.9% below peak).
$16.71B stands as the all-time-high annual buyback spend, posted in 2024, against a low of $0.00 during 2004.
Visa Buyback Spend 2025: $13.39B
Visa posted buyback spend of $13.39B in 2025, declined 19.9% below 2024.
Visa Buyback Spend 2024: $16.71B
In 2024, Visa reported buyback spend of $16.71B, surged 38.1% from 2023. This figure represents the highest annual value in the available history.
Visa Buyback Spend 2023: $12.10B
Visa buyback spend in 2023 was $12.10B, edged up 4.4% from 2022.
Visa Buyback Spend 2022: $11.59B
2022's buyback spend for Visa came in at $11.59B, surged 33.6% from 2021.
Visa Buyback Spend 2021: $8.68B
Visa buyback spend in 2021 was $8.68B.
See more financial history for Visa (V).
Buyback, SBC & dilution history
Buyback spend, SBC, net dilution effect, and share count.
| 2025 | $13.39B | $897.00M | $12.49B | 2.04% | 1.97B | -3.1% | |
| 2024 | $16.71B | $850.00M | $15.86B | 3.03% | 2.03B | -2.7% | |
| 2023 | $12.10B | $765.00M | $11.34B | 2.55% | 2.08B | -2.4% | |
| 2022 | $11.59B | $602.00M | $10.99B | 3.08% | 2.14B | -2.4% | |
| 2021 | $8.68B | $542.00M | $8.13B | 1.83% | 2.19B | -1.6% | |
| 2020 | $8.11B | $416.00M | $7.70B | 1.91% | 2.22B | -2.2% | |
| 2019 | $8.61B | $407.00M | $8.20B | 2.31% | 2.27B | -2.4% | |
| 2018 | $7.19B | $327.00M | $6.87B | 2.15% | 2.33B | -2.8% | |
| 2017 | $6.89B | $235.00M | $6.66B | 2.87% | 2.40B | -0.8% | |
| 2016 | $7.16B | $221.00M | $6.94B | 3.68% | 2.41B | -1.8% | |
| 2015 | $2.91B | $187.00M | $2.72B | 1.72% | 2.46B | -2.7% | |
| 2014 | $4.12B | $172.00M | $3.95B | 3.12% | 2.52B | -3.8% | |
| 2013 | $5.37B | $179.00M | $5.19B | 4.39% | 2.62B | -32.0% | |
| 2012 | $710.00M | $147.00M | $563.00M | 0.64% | 3.86B | -5.7% | |
| 2011 | $2.02B | $154.00M | $1.87B | 2.91% | 4.09B | -6.8% | |
| 2010 | $1.00B | $131.00M | $869.00M | 1.24% | 4.38B | +44.6% | |
| 2009 | $2.65B | $115.00M | $2.53B | 5.09% | 3.03B | -1.4% | |
| 2008 | $13.45B | $74.00M | $13.37B | 31.08% | 3.08B | +8.0% | |
| 2007 | $0.00 | $64.76M | −$64.76M | — | 2.85B | 0.0% | |
| 2006 | $0.00 | $0.00 | $0.00 | — | 2.85B | 0.0% | |
| 2005 | $0.00 | $0.00 | $0.00 | — | 2.85B | -4.2% | |
| 2004 | $0.00 | $0.00 | $0.00 | — | 2.97B | — |
- 2025$13.39B
- 2024$16.71B
- 2023$12.10B
- 2022$11.59B
- 2021$8.68B
- 2020$8.11B
- 2019$8.61B
- 2018$7.19B
- 2017$6.89B
- 2016$7.16B
- 2015$2.91B
- 2014$4.12B
- 2013$5.37B
- 2012$710.00M
- 2011$2.02B
- 2010$1.00B
- 2009$2.65B
- 2008$13.45B
- 2007$0.00
- 2006$0.00
- 2005$0.00
- 2004$0.00
Buybacks vs stock-based compensation for Visa (V)
Annual cash repurchases set against stock-based compensation. Coverage above 1× means buybacks fully offset the equity dilution from SBC. TTM coverage: 23.19×.
Buybacks vs dividends (share of cash returned) for Visa (V)
How Visa splits cash returned to shareholders between dividends and buybacks.
Sector peers by buyback spend
Companies in the same sector as Visa, ranked by their latest buyback spend.
| $34.59B | |
| $24.10B | |
| $19.52B | |
| $18.25B | |
| $12.36B | |
| $11.73B | |
| $5.83B | |
| $0.00 |
- $34.59B
- $24.10B
- $19.52B
- $18.25B
- $12.36B
- $11.73B
- $5.83B
Buyback capacity (TTM)
Free cash flow minus dividends paid versus actual TTM repurchases — the headroom bar shows how much of post-dividend FCF is still being deployed elsewhere.
Headroom $16.31B (TTM FCF − TTM dividends, clamped at zero).
Frequently asked questions
Data & methodology
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