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

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

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

Visa (V) has reported Return on Capital Employed for 18 consecutive years, with 39.33% the latest figure, recorded in Q1 2026.

  • Return on Capital Employed for Q1 2026 came in at 39.33%, up 69.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 39.33% (up 69.0% YoY), and the FY2025 annual result was 38.69%, up 293.0% from the prior year.
  • Return on Capital Employed was 39.33% for Q1 2026 at Visa, up from 36.71% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 39.33% in Q1 2026 and troughed at 28.43% in Q1 2022.
  • Average Return on Capital Employed over 5 years is 33.36%, with a median of 32.0% recorded in 2023.
  • Year-over-year, Return on Capital Employed jumped 836 bps in 2022 and sank 53 bps in 2025.
  • Over 5 years, Return on Capital Employed stood at 28.94% in 2022, then climbed by 11 bps to 32.0% in 2023, then rose by 16 bps to 37.24% in 2024, then dropped by 1 bps to 36.71% in 2025, then grew by 7 bps to 39.33% in 2026.
  • Per Business Quant data, the three most recent Return on Capital Employed figures were 39.33% in Q1 2026, 36.71% in Q4 2025, and 37.04% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Visa 587.74 Bn 575.34 Bn - 39.33%
2 Mastercard 465.55 Bn 455.34 Bn - 64.72%
3 American Express 238.39 Bn 184.35 Bn 17.43 Bn -
4 PayPal Holdings 40.24 Bn 30.89 Bn 7.84 Bn 18.41%
5 Affirm Holdings 28.27 Bn 26.55 Bn 261.64 Mn -
6 SoFi Technologies 23.54 Bn 20.13 Bn 929.25 Mn -
7 Ally Financial 14.34 Bn 13.89 Bn 1.98 Bn -
8 Credit Acceptance 7.51 Bn 7.49 Bn 562.70 Mn -
9 FinVolution 6.22 Bn 4.97 Bn 311.24 Mn -
10 Sezzle 5.91 Bn 5.79 Bn - 62.27%

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%