Question 1

What is Visa's P/FCF ratio?

Accepted Answer

Visa (V) P/FCF ratio is 29.5× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Visa?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Visa specifically, the relevant sector benchmark is the current sector median of 11.1×.

Question 5

Is Visa's P/FCF ratio high or low?

Accepted Answer

Visa's P/FCF ratio of 29.5× is above its own 5-year average of 28.7× and above the sector median of 11.1×. That places the current reading at the 51th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Visa's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Visa (V) P/FCF ratio has ranged from a low of 14.1× in 2010 to a high of 915.4× in 2009. The 5-year average is 28.7× and the 5-year median is 29.0×.

Question 7

What was Visa's P/FCF ratio in 2025?

Accepted Answer

Visa (V) P/FCF ratio at the end of 2025 was 30.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Visa's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$656.82B	$21.58B	30.4×	+1.0×	Sep 30, 2025
2024	$550.72B	$18.69B	29.5×	+5.3×	Sep 30, 2024
2023	$474.97B	$19.70B	24.1×	+3.1×	Sep 30, 2023
2022	$375.91B	$17.88B	21.0×	-11.6×	Sep 30, 2022
2021	$473.19B	$14.52B	32.6×	-11.3×	Sep 30, 2021
2020	$425.60B	$9.70B	43.9×	+12.9×	Sep 30, 2020
2019	$372.80B	$12.03B	31.0×	+3.1×	Sep 30, 2019
2018	$334.95B	$11.99B	27.9×	-0.3×	Sep 30, 2018
2017	$240.05B	$8.50B	28.2×	-10.2×	Sep 30, 2017
2016	$194.34B	$5.05B	38.5×	+11.1×	Sep 30, 2016
2015	$169.13B	$6.17B	27.4×	+7.6×	Sep 30, 2015
2014	$132.07B	$6.65B	19.9×	-28.0×	Sep 30, 2014
2013	$122.13B	$2.55B	47.9×	+24.0×	Sep 30, 2013
2012	$110.47B	$4.63B	23.8×	+4.1×	Sep 30, 2012
2011	$69.60B	$3.52B	19.8×	-13.2×	Sep 30, 2011
2010	$80.85B	$2.45B	33.0×	-173.1×	Sep 30, 2010
2009	$51.94B	$252.00M	206.1×	-166.8×	Sep 30, 2009
2008	$43.26B	$116.00M	372.9×	+291.1×	Sep 30, 2008
2007	$41.34B	$505.15M	81.8×	—	Sep 30, 2007


Assurant (AIZ)	7.5×
Progressive (PGR)	7.1×
Cincinnati Financial (CINF)	7.1×
Alerus Financial (ALRS)	7.0×
Interactive Brokers (IBKR)	6.9×
Invesco (IVZ)	6.9×
American Financial Group (AFG)	6.8×
The Hartford (HIG)	6.5×
Commerce Bancshares (CBSH)	6.4×
Bank of America (BAC)	6.3×
Arch Capital Group (ACGL)	5.9×
JPMorgan Chase (JPM)	5.8×
Travelers Companies (TRV)	5.5×
Principal Financial Group (PFG)	5.5×
Everest Re Group (RE)	5.0×
Allstate (ALL)	4.7×
Everest Re Group (EG)	4.6×
Capital One Financial (COF)	3.9×
Prudential Financial (PRU)	3.5×
Mercury General (MCY)	3.4×
RenaissanceRe Holdings (RNR)	3.0×
MetLife (MET)	2.8×
Synchrony Financial (SYF)	2.4×
Atlantic Union Bankshares (AUB)	2.2×
StoneX Group (SNEX)	0.8×

P/FCF Ratio for Visa (V)

P/FCF Ratio daily chart for Visa (V)

Historical P/FCF Ratio for Visa (V) from 2007 to 2025

About P/FCF Ratio at Visa (V)

Visa P/FCF Ratio by Year

Visa P/FCF Ratio 2025: 30.4×

Visa P/FCF Ratio 2024: 29.5×

Visa P/FCF Ratio 2023: 24.1×

Visa P/FCF Ratio 2022: 21.0×

Visa P/FCF Ratio 2021: 32.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Visa (V) Key Financials

P/FCF Ratio daily chart for Visa (V)

Historical P/FCF Ratio for Visa (V) from 2007 to 2025

About P/FCF Ratio at Visa (V)

Visa P/FCF Ratio by Year

Visa P/FCF Ratio 2025: 30.4×

Visa P/FCF Ratio 2024: 29.5×

Visa P/FCF Ratio 2023: 24.1×

Visa P/FCF Ratio 2022: 21.0×

Visa P/FCF Ratio 2021: 32.6×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Visa's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Visa?

+Is Visa's P/FCF ratio high or low?

+What is Visa's historical P/FCF ratio range?

+What was Visa's P/FCF ratio in 2025?

+Why does Visa's P/FCF ratio change over time?

Visa (V) Key Financials