Visa (V) Return on Capital Employed (2009 - 2026)
Visa's (V) quarterly Return on Capital Employed came in at 42.61% in Q2 2026, up 360.0% YoY from 9.26% in Q2 2025, and up 8.34% on a QoQ basis from 39.33% in Q1 2026.
Analysis
Visa (V) Return on Capital Employed (2009 - 2026) Analysis & Trends
Visa (V) has 18 years of Return on Capital Employed data on file, last reported at 42.61% in Q2 2026.
- Quarterly Return on Capital Employed rose 360.0% year-over-year to 42.61% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 42.61% (up 360.0% YoY) and the FY2025 annual result came in at 38.69%, up 293.0% from the prior year.
- Return on Capital Employed climbed to 42.61% in Q2 2026, from 39.33% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 42.61% in Q2 2026 to a low of 28.43% in Q1 2022.
- A 5-year average of 33.87% and a median of 32.49% in 2024 frame the typical range for Return on Capital Employed.
- Annual changes were most pronounced in 2022 — Return on Capital Employed surged 836 bps — and 2025, when it tumbled 53 bps.
- Tracing V's Return on Capital Employed over 5 years: stood at 28.94% in 2022, then rose by 11 bps to 32.0% in 2023, then climbed by 16 bps to 37.24% in 2024, then retreated by 1 bps to 36.71% in 2025, then climbed by 16 bps to 42.61% in 2026.
- The last three Return on Capital Employed figures came in at 42.61% (Q2 2026), 39.33% (Q1 2026), and 36.71% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 680.39 Bn | 668.03 Bn | - | 42.61% |
| 2 | Mastercard | 518.33 Bn | 504.84 Bn | - | 68.07% |
| 3 | American Express | 224.91 Bn | 175.59 Bn | 17.99 Bn | - |
| 4 | Capital One Financial | 132.31 Bn | 77.60 Bn | - | - |
| 5 | PayPal Holdings | 46.25 Bn | 35.00 Bn | - | 17.89% |
| 6 | Affirm Holdings | 26.22 Bn | 24.59 Bn | - | - |
| 7 | Synchrony Financial | 25.37 Bn | 9.17 Bn | - | - |
| 8 | SoFi Technologies | 23.30 Bn | 20.18 Bn | 1.02 Bn | - |
| 9 | Ally Financial | 12.85 Bn | 5.01 Bn | 2.08 Bn | - |
| 10 | FirstCash Holdings | 9.51 Bn | 9.34 Bn | 533.67 Mn | 10.53% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 42.61% |
| Mar 31, 2026 | 39.33% |
| Dec 31, 2025 | 36.71% |
| Sep 30, 2025 | 37.04% |
| Jun 30, 2025 | 39.02% |
| Mar 31, 2025 | 38.65% |
| Dec 31, 2024 | 37.24% |
| Sep 30, 2024 | 35.61% |
| Jun 30, 2024 | 32.99% |
| Mar 31, 2024 | 31.96% |
| Dec 31, 2023 | 32.00% |
| Sep 30, 2023 | 31.45% |
| Jun 30, 2023 | 30.76% |
| Mar 31, 2023 | 29.36% |
| Dec 31, 2022 | 28.94% |
| Sep 30, 2022 | 29.12% |
| Jun 30, 2022 | 28.50% |
| Mar 31, 2022 | 28.43% |
| Dec 31, 2021 | 26.21% |
| Sep 30, 2021 | 23.57% |