Visa (V) Return on Invested Capital [ROIC] (2009 - 2026)
Visa (V) posted Return on Invested Capital [ROIC] of 38.13% for fiscal Q3 2026 (quarter ended Jun 30, 2026), up 5.24 percentage points from 32.89% a year earlier and up 1.17 percentage points from the prior quarter.
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Analysis
Visa (V) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2025 (ended Sep 30, 2025), Visa's Return on Invested Capital [ROIC] came in at 32.33%, down 0.36 percentage points from FY2024.
- Annual Return on Invested Capital [ROIC] shows a five-year change of +12.46 percentage points (FY2020 to FY2025).
- In prior fiscal years, Visa's Return on Invested Capital [ROIC] was 32.69% in FY2024 (+3.27 pp), 29.42% in FY2023 (+2.80 pp), 26.61% in FY2022 (+6.23 pp) and 20.38% in FY2021 (+0.52 pp).
- The fiscal Q3 2026 figure stands as the highest quarterly Return on Invested Capital [ROIC] in data going back to fiscal Q4 2009.
- On a year-over-year basis, Return on Invested Capital [ROIC] has increased in each of the last three quarters, with an average year-over-year change of +2.57 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Return on Invested Capital [ROIC] in the past five years was fiscal Q3 2022, with a gain of 7.53 percentage points; the weakest was fiscal Q4 2025, with a drop of 1.03 percentage points.
- According to Business Quant data, Return on Invested Capital [ROIC] for the three prior fiscal quarters was 36.96% (Q2 2026), 33.49% (Q1 2026) and 31.36% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 761.85 Bn | 709.39 Bn | - | 40.13% |
| 2 | Mastercard | 576.33 Bn | 536.42 Bn | - | 56.59% |
| 3 | Wise | 11.36 Bn | 11.36 Bn | - | - |
| 4 | Remitly Global | 4.75 Bn | 2.21 Bn | 319.61 Mn | 19.38% |
| 5 | Western Union | 2.15 Bn | -2.01 Bn | 343.00 Mn | 11.92% |
| 6 | International Money Express | 221.76 Mn | -398.39 Mn | - | 6.87% |
| 7 | Currenc | 116.19 Mn | -135.10 Mn | 3.70 Mn | -22.87% |
| 8 | Sentage Holdings | 4.40 Mn | 324,699.40 | - | - |
| 9 | American Express | 216.03 Bn | 15.51 Bn | - | 19.59% |
| 10 | Capital One Financial | 123.02 Bn | 123.02 Bn | - | 14.81% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 40.13% |
| Jun 30, 2026 | 38.13% |
| Mar 31, 2026 | 36.96% |
| Dec 31, 2025 | 33.49% |
| Sep 30, 2025 | 31.36% |
| Jun 30, 2025 | 32.89% |
| Mar 31, 2025 | 33.73% |
| Dec 31, 2024 | 33.32% |
| Sep 30, 2024 | 32.38% |
| Jun 30, 2024 | 30.95% |
| Mar 31, 2024 | 29.65% |
| Dec 31, 2023 | 29.74% |
| Sep 30, 2023 | 29.04% |
| Jun 30, 2023 | 28.22% |
| Mar 31, 2023 | 28.10% |
| Dec 31, 2022 | 27.61% |
| Sep 30, 2022 | 26.45% |
| Jun 30, 2022 | 25.79% |
| Mar 31, 2022 | 23.90% |
| Dec 31, 2021 | 22.10% |
API Access
Visa Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=V&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=V&period=max&api_key=YOUR_API_KEY");
const data = await res.json();