Visa (V) Return on Capital Employed (2009 - 2026)

Visa (V) reported Return on Capital Employed of 39.33% for Q1 2026, up 69.0% on a YoY basis from 23.27% in Q1 2025, and up 7.14% quarter-over-quarter from 36.71% in Q4 2025.

Visa (V) Return on Capital Employed (2009 - 2026) Analysis & Trends

Visa has reported Return on Capital Employed for 18 years, with the latest figure at 39.33% in Q1 2026.

  • For the quarter ending Q1 2026, Return on Capital Employed rose 69.0% year-over-year to 39.33%; the trailing twelve-month figure through Mar 2026 stood at 39.33% (up 69.0% YoY), and the FY2025 full-year result was 38.69%, up 293.0% from the prior year.
  • Return on Capital Employed for Q1 2026 stood at 39.33%, up from 36.71% in the prior quarter.
  • The five-year high for Return on Capital Employed was 39.33% in Q1 2026, with the low at 28.43% in Q1 2022.
  • Historically, Return on Capital Employed has averaged 33.36% across 5 years, with a median of 32.0% in 2023.
  • Annual changes were most pronounced in 2022 — Return on Capital Employed surged 836 bps — and 2025, when it tumbled 53 bps.
  • Visa's Return on Capital Employed 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 gained by 7 bps to 39.33% in 2026.
  • The last three Return on Capital Employed figures came in at 39.33% (Q1 2026), 36.71% (Q4 2025), and 37.04% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Visa 548.22 Bn 535.81 Bn - 39.33%
2 Mastercard 437.48 Bn 427.27 Bn - 64.72%
3 American Express 231.87 Bn 177.83 Bn 17.43 Bn -
4 Capital One Financial 125.74 Bn 49.24 Bn - -
5 PayPal Holdings 38.80 Bn 29.46 Bn 7.84 Bn 18.41%
6 Synchrony Financial 25.78 Bn 5.22 Bn - -
7 Affirm Holdings 24.65 Bn 22.93 Bn 261.64 Mn -
8 SoFi Technologies 22.89 Bn 19.49 Bn 929.25 Mn -
9 Ally Financial 14.15 Bn 13.70 Bn 1.98 Bn -
10 Credit Acceptance 6.63 Bn 6.61 Bn 562.70 Mn -

Historic Data

Download Data
DateValue
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%
Jun 30, 2021 21.70%