Visa Inc.

VNYSEFinancial Services● Active

$323.57

+$3.39(+1.06%)

Market Cap$620.2B

P/E Ratio—

52W High$375.51

52W Low$293.89

Avg Volume7.5M

Open$322.40

Beta0.77

Overview

Visa Inc. (V) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

V · free cash flow · updated Jun 8, 2026

Core FCF metrics

V · FCF · TTM · margin & CAGR

Free cash flow was $21.58B for FY2025 (fiscal year ending 2025-09-30), up 15.4% year-over-year The FCF margin was 53.9%. Five-year CAGR stands at +17.3%.

FY2025 Free Cash Flow$21.58B▲ +15.4% YoY

Trailing 12M (TTM)$21.18Btrailing 4 quarters sum

FCF Margin53.9%$21.58B ÷ revenue

3-Year CAGR+6.5%FY2022 → FY2025

5-Year CAGR+17.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

V · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$23.06B(1.48B)$21.58B▲ +15.4%53.9%

FY2024$19.95B(1.26B)$18.69B▼ 5.1%52.0%

FY2023$20.75B(1.06B)$19.70B▲ +10.2%60.3%

FY2022$18.85B(970M)$17.88B▲ +23.1%61.0%

FY2021$15.23B(705M)$14.52B▲ +49.6%60.2%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

V · P/FCF · FCF yield · FCF per share

Visa Inc. (V) trades at a FCF yield of 3.42% and a price-to-free-cash-flow ratio of 29.7x. FCF per share stands at $10.91, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.42%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$10.91

TTM FCF ÷ Shares Outstanding

Price / FCF

x29.7

Share Price ÷ FCF per Share

EV / FCF (TTM)

x29.8

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-09-30

Cash flow statement summary

V · cash flow statement · operating / investing / financing

For FY2025, Visa Inc. generated $23.06B in operating cash flow and spent 1.48B in capital expenditures, yielding $21.58B in free cash flow.

Operating Activities

+$23.06B

Cash from core business operations

2025-09-30

Investing Activities

+$708.0M

CapEx, acquisitions & investments

2025-09-30

Financing Activities

−$18.96B

Buybacks, dividends & debt

2025-09-30

FCF FormulaOperating CF ($23.06B) − |CapEx| (1.48B) = FCF ($21.58B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Financial Services)

V vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Visa Inc.YOU

$21.58B+15.4%53.9%

21%

Berkshire Hathaway Inc.

BRK-A

$25.04B+115.6%6.7%

25%

Berkshire Hathaway Inc.

BRK-B

$25.04B+115.6%6.7%

25%

Mastercard Incorporated

$16.91B+18.2%51.6%

17%

Bank of America Corporation

BAC

$12.61B+243.2%6.6%

13%

Financial Services · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Visa Inc. (V) reported free cash flow of $21.58B for FY2025 (fiscal year ending 2025-09-30), up 15.4% year-over-year. The FCF margin was 53.9%.

Based on available data, Visa Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $21.58B in FY2025. The 5-year CAGR stands at +17.3%.

Visa Inc.'s FCF yield is 3.42% and price-to-FCF ratio is 29.7x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

V free cash flow · 8 questions

Visa Inc. free cash flow was $21.58B for FY2025, up 15.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $21.18B.

V free cash flowV FCFV FCF 2025V free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Visa Inc. · Visa Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026