Visa

FLAGSHIP

V · NYSE · Payments & Programmable Money · SIC 7389 Services-Business Services, NEC

Wedge: “Scale global programmable payments.”

Engine v1.1.0 · live data

Filings through Mar 31, 2026 · 10-Q filed Apr 29, 2026

Price as of Sep 16, 2026 · USD

Valuation method: EV / EBITDA · peer median 18.3× (+43%)

Revenue (TTM)

$43.0B

EBITDA (TTM, GAAP-derived)

$27.6B

Free cash flow (TTM)

$21.2B

Cash & short-term investments

$12.4B

Total debt

$24.0B

Market capitalization

$712.0B

Enterprise value

$723.5B

EV / EBITDA

26.2×

FAIL-CLOSED NOTICES

Latest machine-readable financials end 2026-03-31. Interim results filed on non-XBRL forms (e.g. 6-K) are not ingested — treat current-quarter figures as DATA REQUIRED.

Dashboard Evidence Room™Opportunities & Approval Financial Lab™Multiple Intelligence™Enterprise Value Study™ Ultimate One-Pager

Opportunity Detection · MultiStrategy™

7 pathways detected from Visa's own filings

Each pathway fires only when the company's evidence supports it. Scores are deterministic; component scores are shown, the weights stay server-side.

#1NOWIP Monetization·Asset & IP Monetization·5X: Asset Value

IP & Brand Monetization

Visa carries $27.8B of identified intangible assets plus $20.9B of goodwill (51.2% of total assets). Licensing and brand partnerships can earn incremental returns on assets already paid for.

Annual economics

$832.5M–$2.2B

SCENARIO

$27.8B intangibles × 3%–8% royalty-equivalent yield

Evidence that triggered it

Intangible assets (ex-goodwill)$27.8B
Goodwill$20.9B
Total assets$95.0B

Assumptions (challenge these)

Royalty-equivalent EBITDA yield on intangibles3.0%–8.0%ASSUMPTION

Score components

Economic impact100
Feasibility68
Time to value70
Capital efficiency90
Strategic fit60
Evidence strength100

Capital required: None material
Time to value: 9 months
Execution complexity: Medium
Regulatory complexity: Low

HUMAN APPROVAL GATE

DRAFT

Activation is locked until this pathway is reviewed and approved.

#2NOWDigital Treasury·Treasury & Capital Strategy·5X: Treasury Value

Treasury Optimization — Excess Liquidity

Visa holds $12.4B of cash and short-term investments against an operating reserve of $4.3B (10% of TTM revenue). A tiered treasury policy on the $8.1B above reserve can raise yield without reducing liquidity coverage.

Annual economics

$40.5M–$121.5M

SCENARIO

$8.1B excess cash × 0.5%–1.5% yield uplift

Evidence that triggered it

Cash & short-term investments$12.4B
Cash & equivalents$12.4B
Revenue (TTM)$43.0B

#3NEXTAI Enterprise-Value Optimization·Operational Optimization·5X: Enterprise Value

Margin Recovery Program

EBITDA margin has compressed from 68.6% to 64.1% on a trailing basis. On $43.0B of revenue, each point recovered is worth $430.3M of annual EBITDA. Token Clear models recovering part of the 4.4% gap through pricing, mix, procurement and AI-driven operating efficiency.

Annual economics

$477.3M–$1.1B

SCENARIO

$43.0B revenue × 4.4% margin gap × 25%–60% recovered

Evidence that triggered it

EBITDA margin (TTM)64.1%
Revenue (TTM)$43.0B
EBITDA margin FY202468.6%

Assumptions (challenge these)

#4NOWDigital Asset Subscription & Settlement·Payments & Financial Infrastructure·5X: Enterprise Value

Programmable Settlement & Stablecoin Rails

Visa moves money at scale. Programmable settlement and stablecoin rails can add settlement revenue and reduce float and cross-border cost.

Annual economics

$86.1M–$258.2M

SCENARIO

$43.0B revenue × 0.20%–0.60%

Evidence that triggered it

Revenue (TTM)$43.0B

Assumptions (challenge these)

EBITDA impact (share of revenue)0.2%–0.6%ASSUMPTION

Score components

Economic impact63
Feasibility60

#5NEXTData & Intelligence·Data & AI Monetization·5X: Enterprise Value

Data & AI Products

Proprietary transaction, usage and customer data across $43.0B of revenue can be packaged into permissioned benchmarking, risk and AI products for customers and partners.

Annual economics

$25.8M–$103.3M

SCENARIO

$43.0B × 0.1%–0.4% new revenue × 60% margin

Evidence that triggered it

Revenue (TTM)$43.0B

Assumptions (challenge these)

New data revenue (share of revenue)0.1%–0.4%ASSUMPTION
Margin on data products60.0%ASSUMPTION

Score components

Economic impact51

#6NEXTEmployee Capital·Employee Capital·5X: Stakeholder Value

Employee Ownership & Retention Program

Stock-based compensation is $920.0M a year (2.1% of revenue). Participation structures that align employees with measured enterprise outcomes can deliver the same retention with less dilution.

Annual economics

$27.6M–$73.6M

SCENARIO

$920.0M SBC × 3%–8% efficiency

Evidence that triggered it

Stock-based compensation (TTM)$920.0M
Stock comp / revenue2.1%

Assumptions (challenge these)

#7NEXTDigital Treasury·Treasury & Capital Strategy·5X: Treasury Value

Reserve Diversification Policy (Digital Assets)

A board-approved policy could allocate 0.5%–2.0% of the $8.1B excess liquidity to digital-asset reserves tied to the settlement and custody products the business already runs. Returns are price-dependent and are not modeled.

Sizing

Not modeled

ASSUMPTION

Returns not modeled — Token Clear does not forecast asset prices

Evidence that triggered it

Cash & short-term investments$12.4B

Assumptions (challenge these)

Allocation of excess liquidity0.5%–2.0%ASSUMPTION

Score components

Economic impact15
Feasibility60

Token Clear is modeling the enterprise…

First run for a company pulls filings live from SEC EDGAR. Subsequent loads are cached.

1Resolving issuer on SEC EDGAR
2Building Company Graph™ from XBRL filings
3Pulling market data and live peer set
4Detecting opportunities and scoring MultiStrategy™
5Running deterministic scenarios