Visa price to free cash flow V

Market value divided by free cash flow over the last twelve months, since 2010.

Today, Oct 23, 2026: 36.2×
10-year median: 30.1×
Against its 10-year history: 81st; percentile: 0 is its lowest day, 100 its highest
10-year range: 22.9× to 52.4×
Peer median: 32.7×

Visa's price to free cash flow is 36.2× as of Oct 23, 2026.

That is above its ten-year median of 30.1×, higher than on 81% of days in the last ten years.

Over that time it ranged from 22.9× in Dec 2018 to 52.4× in Apr 2021.

The median for 3 credit services stocks of a similar size is 32.7×.

Price to free cash flow over time

median 30.1×

The dashed line is the 10-year median and the shaded band the middle half of its days.

Open the interactive chart, with overlays and comparisons

Year by year

Year	End of year	Low	High
2026 so far	36.2×	24.6×	36.2×
2025	31.5×	29.1×	35.0×
2024	33.4×	26.5×	33.4×
2023	26.5×	25.0×	27.4×
2022	24.0×	22.9×	33.1×
2021	31.5×	28.5×	52.4×
2020	48.1×	25.1×	48.1×
2019	33.9×	24.6×	35.0×
2018	24.1×	22.9×	33.7×
2017	30.4×	27.5×	44.1×
2016	36.1×	26.6×	45.1×
2015	30.5×	22.7×	31.7×
2014	24.8×	17.4×	57.9×
2013	54.8×	22.6×	230×
2012	21.4×	17.5×	23.1×
2011	19.8×	14.8×	21.7×
2010	20.9×	19.9×	129×

Against its peers

Companies in Financial - Credit Services nearest Visa's size, closest first, today.

Company	Price to free cash flow
VVisa	36.2×
MAMastercard	32.7×
AXPAmerican Express	n/m
COFCapital One Financial	n/m
Peer median	32.7×

What the price to free cash flow tells you

Market value divided by free cash flow: the cash left after running the business and paying for equipment. Cash is harder to manage than accounting earnings, so many investors trust this more than PE.

Lumpy: a big year of building factories drops cash flow and inflates the ratio without the business getting worse.

More on Visa

Valuation data, not investment advice. Prices as of Oct 23, 2026. Reported figures come from the company's filings with the SEC.