Visa Inc. Class A (V)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $728.7B, Visa Inc. Class A's free cash flow of $21.6B (fiscal 2025) would need to grow about 12% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Visa Inc. Class A's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from V's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Visa Inc. Class A's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $24.1B | $29.3B | $32.7B | $35.9B | $40.0B |
| Net income | $12.3B | $15.0B | $17.3B | $19.7B | $20.1B |
| Free cash flow | $14.5B | $17.9B | $19.7B | $18.7B | $21.6B |
| EPS (diluted) | — | — | — | — | — |
| Operating margin | 65.6% | 64.2% | 64.3% | 65.7% | 60.0% |
Where the revenue comes from
Revenue by products, fiscal 2025.
Superinvestors who own V
From each investor's latest 13F filing (what a 13F shows). 28 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Trimmed | $2.2B | 1.8% | Q2 2026 |
| Andreas Halvorsen Viking Global Investors |
Added | $2.2B | 6.3% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Added | $1.9B | 0.97% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Added | $1.5B | 0.87% | Q2 2026 |
| Mason Morfit ValueAct Holdings L.P. |
Held | $795M | 14.1% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $640M | 0.22% | Q2 2026 |
| Chuck Akre Akre Capital Management |
Trimmed | $381M | 7.4% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Added | $348M | 2.6% | Q2 2026 |
| Mark Massey AltaRock Partners LP |
Added | $287M | 6.8% | Q2 2026 |
| Chase Coleman Tiger Global Management |
New position | $274M | 1.1% | Q2 2026 |
| Lee Ainslie Maverick Capital |
Trimmed | $258M | 2.3% | Q2 2026 |
| Bill Nygren Harris Associates LP |
Trimmed | $244M | 0.32% | Q2 2026 |
Insider buying
Open-market purchases by Visa Inc. Class A's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Feb 26, 2026 | David Taylor |
0 | $316.65 | — |
| Feb 26, 2026 | David Taylor |
0 | $316.65 | — |
| Feb 26, 2026 | David Taylor |
0 | $316.65 | — |
| Feb 17, 2026 | Ro Khanna |
0 | $319.14 | — |
| Feb 17, 2026 | Ro Khanna |
0 | $319.14 | — |
| Feb 17, 2026 | Ro Khanna |
0 | $319.14 | — |
| Feb 9, 2026 | David Taylor |
0 | $325.48 | — |
| Feb 9, 2026 | David Taylor |
0 | $325.48 | — |
| Feb 9, 2026 | David Taylor |
0 | $325.48 | — |
| Feb 5, 2026 | Ro Khanna |
0 | $329.05 | — |
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In the full deep dive
Questions
What growth does Visa Inc. Class A's stock price imply?
At a market value of $728.7B, Visa Inc. Class A would need its free cash flow to grow about 12% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 18% a year.
Are Visa Inc. Class A insiders buying the stock?
10 open-market insider purchases of V in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Visa Inc. Class A?
28 of the superinvestors Investingly tracks hold V in their latest 13F, including Hersh Cohen, Andreas Halvorsen, Dodge & Cox.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.