Price to Earnings (P/E)
since 2008
Calculation
Visa Inc., P/E, long-term trends, calculation
| P/E | = | Share price1, 2, 3 | ÷ | Earnings per share1 (EPS) | EPS1 | = | Net income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 16, 2022 | 28.97 | = | 210.14 | ÷ | 7.25 | 7.25 | = | 14,957 | ÷ | 2,061,687,546 | |
| Nov 18, 2021 | 34.83 | = | 203.33 | ÷ | 5.84 | 5.84 | = | 12,311 | ÷ | 2,108,549,451 | |
| Nov 19, 2020 | 40.76 | = | 207.57 | ÷ | 5.09 | 5.09 | = | 10,866 | ÷ | 2,133,541,039 | |
| Nov 14, 2019 | 32.08 | = | 179.75 | ÷ | 5.60 | 5.60 | = | 12,080 | ÷ | 2,155,629,545 | |
| Nov 16, 2018 | 30.03 | = | 140.18 | ÷ | 4.67 | 4.67 | = | 10,301 | ÷ | 2,206,760,802 | |
| Nov 17, 2017 | 37.19 | = | 109.82 | ÷ | 2.95 | 2.95 | = | 6,699 | ÷ | 2,268,806,703 | |
| Nov 15, 2016 | 30.68 | = | 78.57 | ÷ | 2.56 | 2.56 | = | 5,991 | ÷ | 2,339,519,893 | |
| Nov 20, 2015 | 30.79 | = | 80.19 | ÷ | 2.60 | 2.60 | = | 6,328 | ÷ | 2,429,472,223 | |
| Nov 21, 2014 | 28.90 | = | 63.56 | ÷ | 2.20 | 2.20 | = | 5,438 | ÷ | 2,473,017,076 | |
| Nov 22, 2013 | 25.84 | = | 50.53 | ÷ | 1.96 | 1.96 | = | 4,980 | ÷ | 2,546,194,415 | |
| Nov 16, 2012 | 44.49 | = | 35.68 | ÷ | 0.80 | 0.80 | = | 2,144 | ÷ | 2,673,429,711 | |
| Nov 18, 2011 | 17.10 | = | 22.70 | ÷ | 1.33 | 1.33 | = | 3,650 | ÷ | 2,749,075,937 | |
| Nov 19, 2010 | 18.61 | = | 19.26 | ÷ | 1.03 | 1.03 | = | 2,966 | ÷ | 2,866,468,592 | |
| Nov 20, 2009 | 25.25 | = | 20.00 | ÷ | 0.79 | 0.79 | = | 2,353 | ÷ | 2,970,508,130 | |
| Nov 21, 2008 | 44.78 | = | 11.60 | ÷ | 0.26 | 0.26 | = | 804 | ÷ | 3,103,771,256 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Visa Inc. Annual Report.
The financial data exhibits notable trends in the share price, earnings per share (EPS), and price-to-earnings (P/E) ratio over the observed periods.
- Share Price
- The share price demonstrated a consistent upward trajectory from approximately $11.60 in late 2008 to over $210 by late 2022. This growth was characterized by gradual increases initially, followed by more pronounced rises particularly after 2015. Despite some fluctuations, the overall trend reflects strong appreciation in market value over the 14-year span.
- Earnings Per Share (EPS)
- EPS also showed a general increasing trend, starting at $0.26 in 2008 and reaching $7.25 by 2022. The progression included some years of slower growth or minor declines (notably in 2012 and 2020), but the overarching pattern indicates improved profitability and earnings performance. Significant EPS growth was observed from around 2016 onwards.
- Price-to-Earnings (P/E) Ratio
- The P/E ratio exhibited more volatility, with values ranging from a low of approximately 17.1 in 2011 to highs above 44 in certain years (2008 and 2012). Although following an erratic pattern, the P/E ratio tended to increase during periods of share price growth and fluctuated in response to EPS changes. The ratio remained generally elevated after 2015, reflecting market willingness to pay a premium for earnings despite EPS increases.
In summary, the data portrays a company with steadily growing earnings and share price appreciation over time. The increased P/E ratios in later years suggest heightened market expectations or perceived value relative to earnings. Despite minor interruptions, the overall financial performance signals sustained growth and positive investor sentiment throughout the period.
Comparison to Competitors
Visa Inc., P/E, long-term trends, comparison to competitors
| Visa Inc. | Accenture PLC | Adobe Inc. | Cadence Design Systems Inc. | CrowdStrike Holdings Inc. | Fair Isaac Corp. | International Business Machines Corp. | Intuit Inc. | Microsoft Corp. | Oracle Corp. | Palantir Technologies Inc. | Palo Alto Networks Inc. | Salesforce Inc. | ServiceNow Inc. | Synopsys Inc. | Workday Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 16, 2022 | 28.97 | 22.93 | 33.15 | 59.70 | — | 29.67 | 71.56 | 57.31 | 28.34 | 26.85 | — | — | 135.68 | 284.28 | 51.76 | 1,957.29 |
| Nov 18, 2021 | 34.83 | 36.58 | 48.90 | 53.88 | — | 27.12 | 19.40 | 75.17 | 35.14 | 15.84 | — | — | 48.20 | 487.70 | 73.37 | — |
| Nov 19, 2020 | 40.76 | 28.32 | 41.69 | 62.89 | — | 56.83 | 19.30 | 49.52 | 35.04 | 16.69 | — | — | 1,204.70 | 978.47 | 55.92 | — |
| Nov 14, 2019 | 32.08 | 24.58 | 57.17 | 20.22 | — | 49.99 | 13.35 | 48.17 | 26.86 | 16.89 | — | — | 107.70 | 106.89 | 39.55 | — |
| Nov 16, 2018 | 30.03 | 24.10 | 46.11 | 46.59 | — | 39.92 | 14.25 | 46.88 | 50.00 | 45.90 | — | — | 731.11 | — | 29.60 | — |
| Nov 17, 2017 | 37.19 | 26.18 | 57.41 | 55.67 | — | 35.95 | 25.07 | 37.26 | 26.25 | 22.49 | — | — | 324.94 | — | 95.81 | — |
| Nov 15, 2016 | 30.68 | 18.07 | 46.80 | 40.53 | — | 32.00 | 14.29 | 29.60 | 26.08 | 18.53 | — | — | — | — | 33.71 | — |
| Nov 20, 2015 | 30.79 | 22.75 | 70.59 | 25.14 | — | 31.32 | 9.65 | 63.89 | 30.63 | 17.92 | — | — | — | — | 30.45 | — |
| Nov 21, 2014 | 28.90 | 17.46 | 132.73 | 34.03 | — | 23.93 | 13.55 | 26.44 | 16.11 | 16.33 | — | — | — | — | 25.00 | — |
| Nov 22, 2013 | 25.84 | 15.20 | 104.21 | 26.30 | — | 21.77 | 11.58 | 21.73 | 12.14 | 12.78 | — | — | — | — | 24.68 | — |
| Nov 16, 2012 | 44.49 | 17.95 | 22.73 | 9.11 | — | 15.63 | 13.37 | 22.37 | 14.40 | 13.61 | — | 6,057.94 | — | — | 26.53 | — |
| Nov 18, 2011 | 17.10 | 17.60 | 18.49 | 44.80 | — | 17.14 | 14.47 | 22.53 | 10.03 | 19.17 | — | — | 251.73 | — | 17.51 | — |
| Nov 19, 2010 | 18.61 | 17.62 | 22.05 | 20.39 | — | 14.55 | 13.32 | 24.82 | 11.91 | 17.66 | — | — | 118.88 | — | 17.09 | — |
| Nov 20, 2009 | 25.25 | 17.45 | 46.62 | — | — | 14.37 | 12.24 | 20.01 | 14.56 | 19.25 | — | — | 87.39 | — | 18.86 | — |
| Nov 21, 2008 | 44.78 | 13.74 | 11.84 | — | — | 7.84 | 9.40 | 20.68 | 13.28 | 19.44 | — | — | 388.13 | — | 13.55 | — |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).
Comparison to Sector (Software & Services)
Visa Inc., P/E, long-term trends, comparison to sector (software & services)
| Visa Inc. | Software & Services | |
|---|---|---|
| Nov 16, 2022 | 28.97 | 34.37 |
| Nov 18, 2021 | 34.83 | 37.37 |
| Nov 19, 2020 | 40.76 | 38.32 |
| Nov 14, 2019 | 32.08 | 28.17 |
| Nov 16, 2018 | 30.03 | 43.29 |
| Nov 17, 2017 | 37.19 | 30.29 |
| Nov 15, 2016 | 30.68 | 23.98 |
| Nov 20, 2015 | 30.79 | 23.40 |
| Nov 21, 2014 | 28.90 | 18.37 |
| Nov 22, 2013 | 25.84 | 14.10 |
| Nov 16, 2012 | 44.49 | 14.97 |
| Nov 18, 2011 | 17.10 | 13.92 |
| Nov 19, 2010 | 18.61 | 14.04 |
| Nov 20, 2009 | 25.25 | 15.17 |
| Nov 21, 2008 | 44.78 | 13.86 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).
Comparison to Industry (Information Technology)
Visa Inc., P/E, long-term trends, comparison to industry (information technology)
| Visa Inc. | Information Technology | |
|---|---|---|
| Nov 16, 2022 | 28.97 | 26.81 |
| Nov 18, 2021 | 34.83 | 29.54 |
| Nov 19, 2020 | 40.76 | 31.10 |
| Nov 14, 2019 | 32.08 | 23.24 |
| Nov 16, 2018 | 30.03 | 23.20 |
| Nov 17, 2017 | 37.19 | 23.46 |
| Nov 15, 2016 | 30.68 | 19.50 |
| Nov 20, 2015 | 30.79 | 16.54 |
| Nov 21, 2014 | 28.90 | 17.12 |
| Nov 22, 2013 | 25.84 | 14.15 |
| Nov 16, 2012 | 44.49 | 14.37 |
| Nov 18, 2011 | 17.10 | 13.74 |
| Nov 19, 2010 | 18.61 | 14.99 |
| Nov 20, 2009 | 25.25 | 21.44 |
| Nov 21, 2008 | 44.78 | 15.67 |
Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30), 10-K (reporting date: 2015-09-30), 10-K (reporting date: 2014-09-30), 10-K (reporting date: 2013-09-30), 10-K (reporting date: 2012-09-30), 10-K (reporting date: 2011-09-30), 10-K (reporting date: 2010-09-30), 10-K (reporting date: 2009-09-30), 10-K (reporting date: 2008-09-30).