Aureus
AExcellent

Visa Inc.(V)

A

Financial data as of Sep 30, 2025Declining · Financials

FCF Margin51.7%Free Cash Flow / Revenue
Cash Conversion115.0%Operating CF / Net Income
Free Cash Flow$21.6B
Revenue$40.0B
Net Cash-$8.0BNet debt position
Debt / FCF1.2xManageable debt load
Current Ratio1.08Adequate short-term liquidity
YoY FCF Growth-42.8%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (51.7%, 1.2x; 0.1x sector-adjusted)
→
-1Significant YoY FCF decline (-42.8%)
→
+1Very low debt-to-FCF ratio (1.2x; 0.1x sector-adjusted)
→
FinalA

Analysis Summary

Strengths

  • Exceptional FCF margin (51.7%)
  • Excellent cash conversion (115%)
  • Very low debt relative to cash flow (1.2x)

Concerns

  • Net debt position ($8.0B) — 1.2x FCF, manageable
  • Significant YoY FCF decline (-42.8%)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin51.7%
Net Margin50.1%
Operating CF Margin57.6%
CapEx Ratio3.7%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$8.0BNet debt position
Debt / FCF1.2xManageable debt load
Current Ratio1.08Adequate liquidity
Debt / Equity0.68Low leverage

Quarterly FCF Trend

-42.8% YoYDeclining (-42.8%)

Free cash flow per quarter

Sector Comparison — Financials

FCF Margin ranked against sector peers

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Detailed Metrics

Company NameVisa Inc.
SectorFinancials
Free Cash Flow$21.6B
Revenue$40.0B
Net Income$20.1B
Operating Cash Flow$23.1B
Capital Expenditure$1.5B
FCF Margin51.7%
Cash Conversion Rate115.0%
Net Margin50.1%
Total Debt$25.2B
Total Cash$17.2B
Net Cash-$8.0B
Current Ratio1.08
Debt / Equity0.68
Debt / FCF1.2x
YoY FCF Growth-42.8%
Positive Quarters5 of 5
Trend DirectionDeclining
Report DateSep 30, 2025
GradeA
Data SourceYahoo Finance

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