Visa Inc. V

Name: V Crucible Score
Creator: Kaladin Capital Intelligence

Financial ServicesFinancial - Credit ServicesNYSE📅 Scored March 7, 2026

Price at analysis: $304.91

Crucible Score

65.0

B-

Quality × Value Composite

KQI — Quality

80.2

A-

Fundamental Quality Index

KVI — Value

49.1

D+

Valuation Attractiveness Index

Crucible Verdict — V

Visa Inc. (V) demonstrates exceptional financial quality and market dominance but trades at a premium that leaves little margin for error. The payment giant's 91% earnings beat rate and fortress-like moat justify investor confidence, yet V sits just 11% below fair value despite its B- overall score. Future growth acceleration will be critical to validate current valuations.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

91.2

Growth Profile

72.6

Moat Durability⚠

73.2

Management Effectiveness

70.6

Diversification & Resilience

79.8

Market Position

88.0

Weakest dimension: Management Effectiveness (70.6)

◆ KVI Value Dimensions

DCF Margin of Safety

67.1

FCF Yield & Cash Returns

46.4

Relative Valuation

45.7

Growth-Adjusted Value

36.5

Historical Valuation

37.9

Macro Context

7.6

◆ DCF Valuation Scenarios

Bear Case

$248.72

Base Case

$338.15

Bull Case

$452.89

Price at Analysis

$304.91

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$248.72	7.0%	58.0%	8.8%
🟢 Base	$338.15	9.0%	61.0%	8.3%
🟢 Bull	$452.89	11.0%	64.0%	7.8%

Key Assumptions: Revenue grew at ~13.5% CAGR over the 5-year history; base case moderates to 9% reflecting maturation of core payments while maintaining digital commerce tailwinds. Operating margins held steady at 60-66% historically; terminal margins reflect slight normalization in bear (58%) and modest expansion in bull (64%) given operating leverage. WACC derived from CAPM with 5.5% ERP and 0.79 beta, yielding ~8.25% base, adjusted +/-50-60bps for bear/bull scenarios. Tax rate stabilized near 17.5% based on recent trend. Capex intensity remains low at ~3.7% of revenue consistent with asset-light model.

◆ Financial Snapshot

Profitability

Gross Margin81.1%

Operating Margin59.2%

Net Margin50.2%

ROIC28.4%

ROE35.6%

Balance Sheet

Balance SheetCR: 1.11

Cash ConversionFCF/EPS: 1.10x

Capital IntensityCapex/Rev: 3.7%

Altman Z-Score7.94 (Safe)

Piotroski F-Score7/9 (Good)

Growth

Revenue CAGR13.5% CAGR

Earnings CAGR13.0% CAGR

Growth ConsistencyCV: 0.62

Segment Breadth4/5 growing (80%)

Quarterly TrendRev↑, Margin↘, Exp↓

Earnings CredibilityTends to Beat

◆ Revenue Breakdown — FY2025

By Segment

Data Processing Revenues50.0%

Service43.8%

International Transaction Revenues35.4%

Service, Other10.1%

Client Incentives-39.4%

By Geography

Non-US60.9%

UNITED STATES39.1%

Total Revenue

$40.0B

Fiscal Year 2025

◆ Analyst Consensus & Leadership

Analyst Price Targets

Avg Target (Last Quarter)$360.11

Analysts Covering (Quarter)9

Avg Target (Last Year)$387.58

Analysts (Year)19

Leadership & Governance

CEORyan McInerney · 7 years

CEO Ownership< 1%

Compensation93% performance-based

Insider ActivitySelling

Capital AllocationROIC 28.4% vs WACC 1.8%

Earnings Beat Rate91% (20/22)

◆ Company Profile

Visa Inc. operates as a payments technology company worldwide.

CEO

Ryan McInerney

Employees

28800

Headquarters

San Francisco, CA, US

IPO Date

March 19, 2008

Exchange

NYSE

Website

usa.visa.com

◆ Related Companies in Our Universe

Other Financial Services companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted March 7, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.