Question 1

What is Visa's P/S ratio?

Accepted Answer

Visa (V) P/S ratio is 15.9× as of July 22, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month revenue, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/S ratio calculated?

Accepted Answer

P/S = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Revenue, or equivalently Share Price ÷ TTM Revenue Per Share. 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/S ratio?

Accepted Answer

The price-to-sales (P/S) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) revenue. It is calculated as market cap ÷ TTM revenue (equivalent to share price ÷ TTM revenue per share). Because the denominator (revenue) cannot be negative, P/S is widely used to value unprofitable or pre-profit companies and to make cross-sector comparisons.

Question 4

What is a good P/S ratio for Visa?

Accepted Answer

A "good" P/S depends heavily on profit margin and growth: software and other high-margin businesses often command 5–15× sales, while low-margin retailers and commodity producers typically trade below 1×. Compare against sector peers rather than absolute thresholds. For Visa specifically, the relevant sector benchmark is the current sector median of 2.3×.

Question 5

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

Accepted Answer

Visa's P/S ratio of 15.9× is below its own 5-year average of 16.2× and above the sector median of 2.3×. That places the current reading at the 33th 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/S ratio range?

Accepted Answer

In the available daily series, Visa (V) P/S ratio has ranged from a low of 5.8× in 2010 to a high of 25.8× in 2021. The 5-year average is 16.2× and the 5-year median is 16.1×.

Question 7

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

Accepted Answer

Visa (V) P/S ratio at the end of 2025 was 16.4×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month revenue figure available at that date.

Question 8

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

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (revenue). 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	$657B	$40B	16.4×	+1.1×	Sep 30, 2025
2024	$551B	$35.9B	15.3×	+0.8×	Sep 30, 2024
2023	$475B	$32.7B	14.5×	+1.7×	Sep 30, 2023
2022	$376B	$29.3B	12.8×	-6.8×	Sep 30, 2022
2021	$473B	$24.1B	19.6×	+0.1×	Sep 30, 2021
2020	$426B	$21.8B	19.5×	+3.3×	Sep 30, 2020
2019	$373B	$23B	16.2×	-0.0×	Sep 30, 2019
2018	$335B	$20.6B	16.3×	+3.2×	Sep 30, 2018
2017	$240B	$18.4B	13.1×	+0.2×	Sep 30, 2017
2016	$194B	$15.1B	12.9×	+0.7×	Sep 30, 2016
2015	$169B	$13.9B	12.2×	+1.8×	Sep 30, 2015
2014	$132B	$12.7B	10.4×	+0.0×	Sep 30, 2014
2013	$122B	$11.8B	10.4×	-0.2×	Sep 30, 2013
2012	$110B	$10.4B	10.6×	+3.0×	Sep 30, 2012
2011	$69.6B	$9.19B	7.6×	-2.4×	Sep 30, 2011
2010	$80.8B	$8.07B	10.0×	+2.5×	Sep 30, 2010
2009	$51.9B	$6.91B	7.5×	+0.6×	Sep 30, 2009
2008	$43.3B	$6.26B	6.9×	-4.6×	Sep 30, 2008
2007	$41.3B	$3.59B	11.5×	—	Sep 30, 2007


Citigroup (C)	1.5×
W. R. Berkley (WRB)	1.5×
American International Group (AIG)	1.5×
Capital One Financial (COF)	1.5×
Travelers Companies (TRV)	1.4×
Federal Agricultural Mortgage (AGM)	1.4×
Franklin Resources (BEN)	1.4×
Brookfield (BN)	1.3×
American Financial Group (AFG)	1.3×
Hartford Insurance Group (HIG)	1.3×
Markel (MKL)	1.3×
PSB Holdings (PSBQ)	1.3×
Principal Financial Group (PFG)	1.3×
PayPal (PYPL)	1.2×
Loews (L)	1.2×
AXIS Capital Holdings (AXS)	1.1×
Old Republic International (ORI)	1.0×
Assurant (AIZ)	0.8×
Allstate (ALL)	0.8×
Mercury General (MCY)	0.8×
Everest Group (EG)	0.8×
MetLife (MET)	0.6×
Prudential Financial (PRU)	0.5×
StoneX Group (SNEX)	0.0×
Atlantic Union Bankshares (AUB)	0.0×

P/S Ratio for Visa (V) 2007-2026

P/S Ratio daily chart for Visa (V)

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

About P/S Ratio at Visa (V)

Visa P/S Ratio by Year

Visa P/S Ratio 2025: 16.4×

Visa P/S Ratio 2024: 15.3×

Visa P/S Ratio 2023: 14.5×

Visa P/S Ratio 2022: 12.8×

Visa P/S Ratio 2021: 19.6×

Sector peers by P/S Ratio — chart

Sector peers by P/S Ratio — table

Frequently asked questions

Visa (V) Key Financials