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 | 541.66 Bn | 529.25 Bn | - | 39.33% |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - | 64.72% |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn | - |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - | - |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn | 18.41% |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - | - |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn | - |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn | - |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn | - |
| 10 | Credit Acceptance | 6.24 Bn | 6.21 Bn | 562.70 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |