Visa (V) Return on Capital Employed [ROCE] (2009 - 2026)
Visa's Return on Capital Employed [ROCE] came in at 42.61% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 3.60 percentage points from 39.02% a year earlier and up 3.28 percentage points from the prior quarter.
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Analysis
Visa (V) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Visa's Return on Capital Employed [ROCE] was 38.69%, up 2.93 percentage points from FY2024.
- Return on Capital Employed [ROCE] has increased in each of the last five fiscal years, with a five-year change of +16.06 percentage points (FY2020 to FY2025).
- Going back by fiscal year, Return on Capital Employed [ROCE] was 35.76% in FY2024 (+3.40 pp), 32.36% in FY2023 (+2.66 pp), 29.70% in FY2022 (+5.81 pp) and 23.88% in FY2021 (+1.26 pp).
- The fiscal Q3 2026 figure represents the highest quarterly Return on Capital Employed [ROCE] in data going back to fiscal Q4 2009.
- Year-over-year, Return on Capital Employed [ROCE] increased in seven of the last eight quarters, with an average year-over-year change of +3.41 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in fiscal Q2 2022 (a gain of 8.36 percentage points), and the weakest in fiscal Q1 2026 (a drop of 0.53 percentage points).
- Business Quant data shows V's Return on Capital Employed [ROCE] at 39.33% (Q2 2026), 36.71% (Q1 2026) and 37.04% (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 42.61% |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 68.07% |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | 15.95% |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | - |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 9.54% |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | -77.84% |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | - |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | - |
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% |
API Access
Visa Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=V&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "V", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=V&period=max&api_key=YOUR_API_KEY");
const data = await res.json();