OakChart

Visa Inc

VFinancial·Credit Services·USA·Mega·NYSE·Nov 13 • 7:02 AM ET

420.70+0.39 (0.09%)
2026-11-13 13:03 CET
Market cap
$780.14B
Revenue, TTM
45,903.00 USD m
Net income, TTM
23,313.00 USD m
Free cash flow, TTM
22,057.00 USD m
EPS diluted, TTM
12.22
Price / earnings
34.41
Compare

Price

V against its 20, 50 and 200-day averages
Terms2050200Miss
Patternshover a marker to name it
RS 60Sales 12,201Price12,17412,189350.00400.00450.009.8M19.6MVolumeMay 26Jun 26Jul 26Aug 26Sep 26Oct 26Nov 26Vclose 420.7020-day 415.4950-day 390.26200-day 347.04420.7052w high 442.2352-week range, not 6 months

4.9% under the 52-week high of 442.23 on 5 Nov 2026. 52-week low 293.89 on 1 Apr 2026. Last 15 sessions, 12.2% high to low

Volume 0.01× normal · the line is the 50-bar volume average

Setup. RS line 60
CANSLIM 3 of 6 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); Performance: Year +50%
VCP 5 of 6 — fails: Average True Range: Under 2
Minervini 3 of 4 — fails: Performance: Year +50%
Zanger 3 of 5 — fails: Performance: Week +10%; Relative Volume: Over 1.5
Leaders 4 of 5 — fails: Performance: Year +50%
Breakout 2 of 4 — fails: 52-Week High/Low: New High; Relative Volume: Over 2
Growth 1 of 4 — fails: EPS Growth Qtr Over Qtr: High (>25%); EPS Growth This Year: High (>25%); EPS Growth Next Year: High (>25%)
Quality 2 of 5 — fails: Debt/Equity: Low (<0.1); P/E: Under 25; Current Ratio: Over 1
Value 1 of 4 — fails: P/E: Under 15; P/B: Under 2; Debt/Equity: Low (<0.1)
Income 1 of 4 — fails: Dividend Yield: Over 2%; Payout Ratio: Low (<20%); P/E: Under 25
Small Cap 2 of 4 — fails: Float: Under 100M; Performance: Year +50%
Accumulation 3 of 4 — fails: Institutional Transactions: Over +10%
Relative Strength 2 of 3 — fails: Performance: Year +100%

Profile

V
52-week range, 85% of the way up
293.89442.23

Visa, Inc. engages in the provision of digital payment services. It also facilitates global commerce through the transfer of value and information among a global network of consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It offers debit cards, credit cards, prepaid products, commercial payment solutions, and global automated teller machines. The company was founded by Dee Hock in 1958 and is headquartered in San Francisco, CA.

IndexDJIA, S&P 500, RUI
Employees34800
IPOMar 19, 2008
Beta0.79
ATR, 14d8.70
Rel volume0.01
Short float1.26%
Inst own83.42%

Snapshot

6 groups

Valuation

IndexDJIA, S&P 500, RUI
Market Cap$780.14B
Enterprise Value786.80B
Income23.31B
Sales45.90B
Book / share19.17
Cash / share8.58
Dividend Est.3.13 (0.74%)
Dividend TTM2.79 (0.66%)
Dividend Ex-DateNov 10, 2026
Dividend Gr. 3/5Y14.19% 15.93%
Payout21.92%
Employees34800
IPOMar 19, 2008

Ratios

Price / earnings34.41
Forward price / earnings24.53
Price / earnings / growth1.81
Price / sales17.00
Price / book21.94
Price / cash49.02
Price / free cash flow35.37
Value / cash profit24.65
Value / sales17.14
Quick Ratio0.97
Current Ratio0.97
Debt / equity0.61
Long-term debt / equity0.54
Options and shortYes / Yes

Earnings

Earnings / share12.22
Earnings next year17.15
Earnings next quarter3.63
Earnings this year13.37%
Earnings next year14.00%
Earnings growth, 5 years13.57%
Past earnings growth14.48% 17.37%
Past sales growth12.02% 13.75%
Earnings vs last year20.76%
Sales vs last year14.76%
Earnings vs last quarter22.09%
Sales vs last quarter13.19%
EarningsOct 27 AMC
Surprise1.20% 0.40%

Ownership

Insiders own-
Insider trades-
Institutions own83.42%
Institution trades0.58%
Return on assets24.04%
Return on equity62.99%
Return on capital42.03%
Gross Margin77.34%
Operating margin66.47%
Profit Margin50.79%
20-day average1.25%
50-day average7.80%
200-day average21.23%

Technical

Shares out1.73B
Shares floating1.70B
Short / float1.26%
Short ratio3.23
Short interest21.36M
52-week high442.23 -4.9%
52-week low293.89 +43.1%
Volatility2.18% 2.03%
Average range8.70
Strength index59.92
Market sensitivity0.79
Relative volume0.01
Avg Volume6.61M
Volume4,948

Performance

Perf Week-0.46%
Perf Month5.24%
Perf Quarter17.24%
Perf Half Y29.15%
Perf YTD19.96%
Perf Year25.18%
Perf 3Y71.95%
Perf 5Y98.36%
Perf 10Y413.80%
Recommendation1.46
Target Price457.86
Prev Close420.31
Price420.70
Change %0.09%

Analyst ratings

latest 10 of 20
DateActionAnalystRating changeTargetImplied
Jul 27, 2026UpgradeErste GroupHold → Buy
Jul 08, 2026InitiatedBarclaysOverweight$420-0.2%
Jun 30, 2026InitiatedPiper SandlerOverweight$394-6.3%
Apr 22, 2026InitiatedBMO Capital MarketsOutperform$365-13.2%
Mar 31, 2026InitiatedLoop CapitalBuy$387-8.0%
Mar 05, 2026ResumedBofA SecuritiesBuy$410-2.5%
Feb 03, 2026UpgradeDaiwa SecuritiesNeutral → Outperform$370-12.1%
Jan 28, 2026UpgradeRothschild & Co RedburnNeutral → Buy$385-8.5%
Jan 27, 2026InitiatedCantor FitzgeraldOverweight$400-4.9%
Dec 11, 2025UpgradeBofA SecuritiesNeutral → Buy$382-9.2%

Peers

Mkt cap
TickerCompanyMkt cap
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PYPLPayPal Holdings Inc48.51B
COFCapital One Financial Corp116.46B
SYFSynchrony Financial22.30B
FISVFiserv Inc32.59B
GPNGlobal Payments Inc23.47B
WSEWise Group Plc13.75B
XYZBlock Inc50.02B
FISFidelity National Information Services Inc14.70B

Insider trading

latest 14 of 69
InsiderRelationshipDateTransactionCostSharesValueTotal heldForm
Fabara Paul DCHIEF RISK & CLIENT SVCS OFCNov 10 '26Sale423.093,4011,438,92933,913Nov 12 05:08 PM
Fabara Paul DOfficerNov 10 '26Proposed Sale423.093,4011,438,929Nov 10 04:12 PM
ROTTENBERG JULIE BGENERAL COUNSELNov 09 '26Option Exercise134.761,867251,59720,271Nov 10 04:07 PM
ROTTENBERG JULIE BGENERAL COUNSELNov 09 '26Sale423.001,867789,74118,404Nov 10 04:07 PM
ROTTENBERG JULIE BOfficerNov 09 '26Proposed Sale423.001,867789,741Nov 09 04:39 PM
Taneja RajatPRESIDENT, TECHNOLOGYNov 04 '26Option Exercise109.8234,4173,779,675266,529Nov 05 04:30 PM
Taneja RajatPRESIDENT, TECHNOLOGYNov 04 '26Sale426.7934,41714,688,999232,112Nov 05 04:30 PM
Taneja RajatOfficerNov 04 '26Proposed Sale426.7934,41714,688,999Nov 04 04:11 PM
Taneja RajatPRESIDENT, TECHNOLOGYNov 02 '26Option Exercise109.8234,4183,779,785266,530Nov 03 04:57 PM
Taneja RajatPRESIDENT, TECHNOLOGYNov 02 '26Sale425.4334,41814,642,402232,112Nov 03 04:57 PM
MCINERNEY RYANChief Executive OfficerNov 02 '26Option Exercise134.765,875791,71521,049Nov 03 04:55 PM
MCINERNEY RYANChief Executive OfficerNov 02 '26Sale416.225,8752,445,29215,174Nov 03 04:55 PM
MCINERNEY RYANOfficerNov 02 '26Proposed Sale416.225,8752,445,292Nov 02 04:32 PM
Taneja RajatOfficerNov 02 '26Proposed Sale425.4334,41814,642,403Nov 02 04:22 PM

Held by

AUM
TickerCompanyAUM
VTIVanguard Morningstar Total Stock Market ETFAUM: 696.31B
VOOVanguard S&P 500 ETFAUM: 1070.75B
IVViShares Core S&P 500 ETFAUM: 882.14B
SPYSPDR S&P 500 ETF TrustAUM: 805.69B
VUGVanguard Morningstar Growth ETFAUM: 221.26B
XLFState Street Financial Select Sector SPDR ETFAUM: 54.23B
VIGVanguard Dividend Appreciation FTFAUM: 117.98B
IWFiShares Russell 1000 Growth ETFAUM: 119.30B
DIASpdr Dow Jones Industrial Average ETF TrustAUM: 45.74B
SPYMState Street SPDR Portfolio S&P 500 ETFAUM: 186.08B

News

latest 14 of 200

Quarterly earnings

2026Q4 EPS 3.480 beat 3.439, from 2.980 a year earlier. Sales 12,139 beat 12,091, from 10,724 a year earlier
EPS
3.48002025Q1 EPS 2.750 against 2.66125Q12025Q2 EPS 2.760 against 2.68025Q22025Q3 EPS 2.980 against 2.84725Q32025Q4 EPS 2.980 against 2.96825Q42026Q1 EPS 3.170 against 3.14226Q12026Q2 EPS 3.310 against 3.10026Q22026Q3 EPS 3.320 against 3.23326Q32026Q4 EPS 3.480 against 3.43926Q4
Sales, USD millions
12,13902025Q1 sales 9,510 against 9,34825Q12025Q2 sales 9,594 against 9,55125Q22025Q3 sales 10,172 against 9,84825Q32025Q4 sales 10,724 against 10,61925Q42026Q1 sales 10,901 against 10,68826Q12026Q2 sales 11,230 against 10,75126Q22026Q3 sales 11,633 against 11,40126Q32026Q4 sales 12,139 against 12,09126Q4

The outline behind the bar is the estimate. The filled bar is the print. Green beat it, red missed it.

PeriodReportedEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mSurpriseYear-ago quarterAnalystsNext session
2026Q4ended 2026-09-302026-10-27 16:303.4803.4393.19012,13912,091EPS +1.2% · sales +0.4%vs 2025Q4, year-ago quarter · EPS +16.8% · sales +13.2%32 EPS · 31 salesOpen -1.64% vs SPY +0.23%. Close -0.31% vs SPY +0.34%
2026Q3ended 2026-06-302026-07-28 16:303.3203.2332.94211,63311,401EPS +2.7% · sales +2.0%vs 2025Q3, year-ago quarter · EPS +11.4% · sales +14.4%33 EPS · 31 salesOpen -2.62% vs SPY -0.12%. Close +0.58% vs SPY -1.54%
2026Q2ended 2026-03-312026-04-28 16:303.3103.1003.11711,23010,751EPS +6.8% · sales +4.5%vs 2025Q2, year-ago quarter · EPS +19.9% · sales +17.1%29Open +8.76% vs SPY -0.10%. Close +8.26% vs SPY -0.02%
2026Q1ended 2025-12-312026-01-29 16:303.1703.1423.00210,90110,688EPS +0.9% · sales +2.0%vs 2025Q1, year-ago quarter · EPS +15.3% · sales +14.6%29 EPS · 28 salesOpen +0.13% vs SPY -0.32%. Close -3.00% vs SPY -0.30%
2025Q4ended 2025-09-302025-10-28 16:302.9802.9682.59210,72410,619EPS +0.4% · sales +1.0%vs 2024Q4, year-ago quarter · EPS +10.0% · sales +11.5%28Open -0.26% vs SPY +0.24%. Close -1.62% vs SPY +0.05%
2025Q3ended 2025-06-302025-07-29 16:302.9802.8472.66410,1729,848EPS +4.7% · sales +3.3%vs 2024Q3, year-ago quarter · EPS +23.1% · sales +14.3%28Open +0.12% vs SPY +0.10%. Close -0.11% vs SPY -0.13%
2025Q2ended 2025-03-312025-04-29 16:302.7602.6802.2959,5949,551EPS +3.0% · sales +0.4%vs 2024Q2, year-ago quarter · EPS +10.0% · sales +9.3%29 EPS · 28 salesOpen -2.07% vs SPY -1.22%. Close +1.17% vs SPY +0.04%
2025Q1ended 2024-12-312025-01-30 16:302.7502.6612.5519,5109,348EPS +3.3% · sales +1.7%vs 2024Q1, year-ago quarter · EPS +14.1% · sales +10.1%29 EPS · 27 salesOpen +1.00% vs SPY +0.41%. Close -0.36% vs SPY -0.53%
2024Q4ended 2024-09-302024-10-29 16:302.7102.5802.6209,6179,485EPS +5.0% · sales +1.4%vs 2023Q4, year-ago quarter · EPS +16.3% · sales +11.7%32 EPS · 28 salesOpen +3.71% vs SPY -0.08%. Close +2.94% vs SPY -0.30%
2024Q3ended 2024-06-302024-07-23 16:302.4202.4182.3668,9008,919EPS +0.1% · sales -0.2%vs 2023Q3, year-ago quarter · EPS +12.0% · sales +9.6%31 EPS · 29 salesOpen -3.29% vs SPY -0.89%. Close -4.01% vs SPY -2.27%
2024Q2ended 2024-03-312024-04-23 16:302.5102.4372.2538,7758,621EPS +3.0% · sales +1.8%vs 2023Q2, year-ago quarter · EPS +20.1% · sales +9.9%29 EPS · 28 salesOpen +3.09% vs SPY +0.18%. Close +0.33% vs SPY -0.05%
2024Q1ended 2023-12-312024-01-25 16:302.4102.3392.3558,6348,554EPS +3.1% · sales +0.9%vs 2023Q1, year-ago quarter · EPS +10.6% · sales +8.8%27 EPS · 25 salesOpen -2.45% vs SPY -0.09%. Close -1.71% vs SPY -0.13%
2023Q4ended 2023-09-302023-10-24 16:302.3302.2462.2328,6098,557EPS +3.8% · sales +0.6%vs 2022Q4, year-ago quarter · EPS +20.7% · sales +10.6%27 EPS · 23 sales-
2023Q3ended 2023-06-302023-07-25 16:302.1602.1151.9668,1238,064EPS +2.1% · sales +0.7%vs 2022Q3, year-ago quarter · EPS +9.1% · sales +11.7%29 EPS · 26 sales-
2023Q2ended 2023-03-312023-04-25 16:302.0901.9902.0007,9857,799EPS +5.0% · sales +2.4%vs 2022Q2, year-ago quarter · EPS +16.8% · sales +11.1%29 EPS · 27 sales-
2023Q1ended 2022-12-312023-01-26 16:302.1802.0091.9537,9367,703EPS +8.5% · sales +3.0%vs 2022Q1, year-ago quarter · EPS +20.4% · sales +12.4%25 EPS · 24 sales-

Annual earnings

2026FY EPS 13.270 beat 13.229, from 11.470 a year earlier. Sales 45,903 beat 45,866, from 40,000 a year earlier
EPS
13.27002019FY EPS 5.440 against 5.40320192020FY EPS 5.040 against 5.00520202021FY EPS 5.910 against 5.80320212022FY EPS 7.500 against 7.43320222023FY EPS 8.770 against 8.68120232024FY EPS 10.050 against 9.92020242025FY EPS 11.470 against 11.44320252026FY EPS 13.270 against 13.2292026
Sales, USD millions
45,90302019FY sales 22,977 against 22,92420192020FY sales 21,846 against 21,72920202021FY sales 24,105 against 24,06020212022FY sales 29,310 against 29,07820222023FY sales 32,653 against 32,61120232024FY sales 35,926 against 35,79920242025FY sales 40,000 against 39,90020252026FY sales 45,903 against 45,8662026

Reported years only. The outline behind the bar is the estimate. A later year with no print stays in the table.

earnings feed, not the snapshot. Not the statement ratio.

PeriodEPS adjustedEPS estEPS reportedSales act, USD mSales est, USD mP/E, earnings feed
2031FYestimate-21.490--74,23419.58
2030FYestimate-19.540--68,10421.53
2029FYestimate-19.437--62,95921.64
2028FYestimate-17.150--56,72524.53
2027FYestimate-15.044--51,09227.97
2026FY13.27013.22912.32045,90345,86627.08
2025FY11.47011.44310.09840,00039,90029.76
2024FY10.0509.9209.58935,92635,79927.36
2023FY8.7708.6818.14832,65332,61126.23
2022FY7.5007.4336.84929,31029,07823.69
2021FY5.9105.8035.48824,10524,06037.69
2020FY5.0405.0054.71221,84621,72939.68
2019FY5.4405.4035.12822,97722,92431.62
2018FY4.6104.5904.26920,60920,62532.56
2017FY3.4803.4252.70018,35818,13130.24
2016FY2.8402.7842.45615,08215,062148.13
2015FY2.6202.6152.58013,88013,872160.57
2014FY2.2682.2452.15512,70212,666185.54
2013FY1.8981.8961.89811,77811,825221.71
2012FY1.5501.5410.79010,42110,364271.42
2011FY1.2481.2411.2909,1889,190337.23
2010FY0.9780.9751.0038,0658,036430.38

Quarterly results

2026Q4 revenue 12,139, from 10,724 a year earlier. Operating margin 63.8%, from 65.9% a year earlier
Revenue, USD millions
12,13902025Q1 revenue 9,51025Q12025Q2 revenue 9,59425Q22025Q3 revenue 10,17225Q32025Q4 revenue 10,72425Q42026Q1 revenue 10,90126Q12026Q2 revenue 11,23026Q22026Q3 revenue 11,63326Q32026Q4 revenue 12,13926Q4
Operating margin
68.602025Q1 operating margin 68.6%25Q12025Q2 operating margin 67.4%25Q22025Q3 operating margin 67.0%25Q32025Q4 operating margin 65.9%25Q42026Q1 operating margin 68.4%26Q12026Q2 operating margin 67.7%26Q22026Q3 operating margin 66.3%26Q32026Q4 operating margin 63.8%26Q4

From the quarterly statement. Not an estimate.

Estimate revisions

Latest snapshot of each period and type. 2027FY E 15.04 per share.
PeriodTypeScaleDateMeanvs prior date
2027FYEper share2026-11-1015.04+0.0%
2027Q1Eper share2026-11-103.63+0.0%
2027FYSUSD millions2026-11-1051,092+0.0%
2027Q1SUSD millions2026-11-1012,201+0.0%
2027FYRper share2026-11-0614.93+0.1%
2027Q1Rper share2026-11-063.56+0.2%
2026FYEper share2026-10-2313.230.0%
2026Q4Eper share2026-10-233.440.0%
2026FYRper share2026-10-2312.520.0%
2026Q4Rper share2026-10-233.380.0%
2026FYSUSD millions2026-10-2345,8660.0%
2026Q4SUSD millions2026-10-2212,091+0.0%
2026Q3Eper share2026-07-263.230.0%
2026Q3Rper share2026-07-263.190.0%
2026Q3SUSD millions2026-07-2611,4010.0%
2026Q2Eper share2026-04-243.10+0.0%
2026Q2Rper share2026-04-243.07+0.0%
2026Q2SUSD millions2026-04-2410,751+0.0%
2026Q1Eper share2026-01-263.14+0.0%
2026Q1Rper share2026-01-233.13+0.1%
2026Q1SUSD millions2026-01-2310,688+0.0%
2025FYEper share2025-10-2811.44+0.0%
2025Q4Eper share2025-10-242.97-0.1%
2025FYRper share2025-10-2410.620.0%
2025Q4Rper share2025-10-242.94-0.1%
2025FYSUSD millions2025-10-2439,9000.0%
2025Q4SUSD millions2025-10-2410,6190.0%
2025Q3SUSD millions2025-07-239,8480.0%
2025Q3Eper share2025-07-222.85+0.0%
2025Q3Rper share2025-07-212.81+0.0%
2025Q2Eper share2025-04-252.680.0%
2025Q2Rper share2025-04-252.66-0.1%
2025Q2SUSD millions2025-04-259,5510.0%
2025Q1Eper share2025-01-282.660.0%
2025Q1SUSD millions2025-01-249,3400.0%
2025Q1Rper share2025-01-192.64-0.1%
2024Q4Eper share2024-10-242.580.0%
2024FYSUSD millions2024-10-2435,7990.0%
2024Q4SUSD millions2024-10-249,4850.0%
2024FYEper share2024-10-219.92+0.0%
2024FYRper share2024-10-189.71-0.1%
2024Q4Rper share2024-10-182.570.0%
2024Q3Eper share2024-07-242.42+0.0%
2024Q3Rper share2024-07-242.40+0.1%
2024Q3SUSD millions2024-07-248,921+0.0%
2024Q2Eper share2024-04-192.44+0.0%
2024Q2SUSD millions2024-04-198,621+0.0%
2024Q2Rper share2024-04-182.400.0%
2023FYEper share2023-10-248.680.0%
2023FYSUSD millions2023-10-2432,611+0.0%
2023FYRper share2023-10-198.41+0.3%

Estimate history

Annual
Metric201820192020202120222023202420252026
EPS per share4.2695.1284.7125.4886.8498.1489.58910.09812.224
Sales USD millions20,60922,97721,84624,10529,31032,65335,92640,00045,903
Shares million shares2,2152,1602,1252,1152,0682,0231,9661,9171,857
Quarterly
MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26Q4 '26
EPS per share2.622.5512.2952.6642.5923.0023.1172.9423.164
Sales USD millions9,6179,5109,59410,17210,72410,90111,23011,63312,139
Shares million shares1,9661,9551,9431,9301,9171,9081,8851,8681,857

Income statement, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2026FY9/30/20262025FY9/30/20252024FY9/30/20242023FY9/30/20232022FY9/30/20222021FY9/30/20212020FY9/30/20202019FY9/30/2019
Total Revenue45,903.0045,903.00+14.8%40,000.00+11.3%35,926.00+10.0%32,653.00+11.4%29,310.00+21.6%24,105.00+10.3%21,846.00-4.9%22,977.00
Cost of Goods Sold Incl. D&A10,403.0010,403.00+14.6%9,075.00+12.4%8,076.00+7.5%7,510.00+13.9%6,594.00+14.2%5,774.00+9.4%5,279.00+9.5%4,821.00
Gross Profit35,500.0035,500.00+14.8%30,925.00+11.0%27,850.00+10.8%25,143.00+10.7%22,716.00+23.9%18,331.00+10.6%16,567.00-8.8%18,156.00
Selling, General and Administrative Excl. Other4,987.004,987.00+22.9%4,059.00+10.0%3,689.00+18.0%3,126.00+5.4%2,966.00+18.5%2,503.00+1.8%2,458.00-10.8%2,755.00
Other Operating Expense0.000.000.000.000.000.000.000.000.00
Operating Income30,513.0030,513.00+13.6%26,866.00+11.2%24,161.00+9.7%22,017.00+11.5%19,750.00+24.8%15,828.00+12.2%14,109.00-8.4%15,401.00
Interest Expense758.00758.00+28.7%589.00-8.1%641.00-0.5%644.00+19.7%538.00+4.9%513.00-0.6%516.00-3.2%533.00
Unusual Expense2,403.002,403.00-16.3%2,872.00+407.4%566.00-48.6%1,101.00-15.4%1,301.00-697.00-87.00-130.7%283.00
Net Income Before Taxes28,093.0028,093.00+16.1%24,194.00+1.2%23,916.00+13.7%21,037.00+16.0%18,136.00+12.9%16,063.00+16.5%13,790.00-7.4%14,884.00
Income Taxes4,589.004,589.00+11.0%4,136.00-0.9%4,173.00+10.9%3,764.00+18.4%3,179.00-15.3%3,752.00+28.3%2,924.00+4.3%2,804.00
Consolidated Net Income23,313.0023,312.00+17.4%19,853.00+2.0%19,457.00+14.5%16,989.00+16.1%14,630.00+21.8%12,008.00+14.6%10,475.00-10.1%11,650.00
Net Income From Continuing Operations23,313.0023,312.00+17.4%19,853.00+2.0%19,457.00+14.5%16,989.00+16.1%14,630.00+21.8%12,008.00+14.6%10,475.00-10.1%11,650.00
Net Income23,313.0023,312.00+17.4%19,853.00+2.0%19,457.00+14.5%16,989.00+16.1%14,630.00+21.8%12,008.00+14.6%10,475.00-10.1%11,650.00
EPS (Recurring) per share13.2813.11+17.9%11.12+13.7%9.78+14.8%8.52+17.0%7.28+38.1%5.27+12.6%4.68-10.2%5.21
EPS (Basic, Before Extraordinaries) per share12.3412.35+20.7%10.23+4.7%9.77+17.7%8.30+18.2%7.02+24.5%5.64+15.1%4.90-8.1%5.33
EPS (Diluted) per share12.2212.22+21.0%10.10+5.3%9.59+17.7%8.15+19.0%6.85+24.8%5.49+16.6%4.71-8.2%5.13
EBITDA31,916.0031,916.00+13.6%28,086.00+11.5%25,195.00+9.7%22,960.00+11.4%20,611.00+23.9%16,632.00+11.8%14,876.00-7.4%16,057.00
Non-Operating Income (Expense)741.00741.00-6.1%789.00-18.0%962.00+25.8%765.00+240.0%225.00+341.2%51.00-53.6%110.00-63.2%299.00
Other After Tax Adjustments-191.00-192.00-205.00-286.00-284.00-327.00-303.00-391.00-430.00
Stock Option Compensation Expense731.34750.00+2.7%730.00+6.0%689.00+10.8%622.00+27.2%489.00+9.9%445.00+34.8%330.00+0.3%329.00
Price To Earnings Ratio ratio statement ratio, not the snapshot34.3834.3833.7029.8729.7125.9440.5842.0033.54
Price To Sales Ratio ratio14.7314.9316.7815.5314.6912.9520.2220.3517.01
Gross Margin %77.3477.3477.3177.5277.0077.5076.0575.8479.02
Operating Margin %66.4766.4767.1667.2567.4367.3865.6664.5867.03
Net Margin %50.7950.7949.6354.1652.0349.9149.8247.9550.70
Shares Outstanding million shares1,857.201,857.20-3.1%1,917.45-2.5%1,965.99-2.8%2,022.94-2.2%2,068.45-2.2%2,114.59-0.5%2,124.59-1.6%2,159.59
Market Capitalization779,414.46779,414.46+18.5%657,702.71+21.1%543,276.45+16.0%468,153.15+27.4%367,527.65-22.4%473,746.93+11.3%425,510.16+13.8%373,748.49

Income statement, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q49/30/20262026Q36/30/20262026Q23/31/20262026Q112/31/20252025Q49/30/20252025Q36/30/20252025Q23/31/20252025Q112/31/2024
Total Revenue12,139.00+13.2%11,633.00+14.4%11,230.00+17.1%10,901.00+14.6%10,724.00+11.5%10,172.00+14.3%9,594.00+9.3%9,510.00+10.1%
Cost of Goods Sold Incl. D&A2,541.00+10.6%3,105.00+35.6%2,434.00+11.3%2,323.00+0.9%2,297.00+9.9%2,290.00+12.4%2,186.00+7.1%2,302.00+20.7%
Gross Profit9,598.00+13.9%8,528.00+8.2%8,796.00+18.7%8,578.00+19.0%8,427.00+12.0%7,882.00+14.8%7,408.00+10.0%7,208.00+7.2%
Selling, General and Administrative Excl. Other1,848.00+35.5%821.00-23.3%1,197.00+27.2%1,121.00+64.1%1,364.00+19.0%1,071.00+21.2%941.00+1.8%683.00-8.1%
Other Operating Expense0.000.000.000.000.000.000.000.00
Operating Income7,750.00+9.7%7,707.00+13.2%7,599.00+17.5%7,457.00+14.3%7,063.00+10.7%6,811.00+13.9%6,467.00+11.3%6,525.00+9.0%
Interest Expense192.00-8.6%194.00+397.4%178.00+12.7%194.00+6.6%210.00+19.3%39.00-80.1%158.00+92.7%182.00-2.7%
Unusual Expense488.00-46.7%830.00+30.9%365.00-64.6%720.00+147.4%915.00+2851.6%634.00+1446.3%1,032.00+126.3%291.00+870.0%
Net Income Before Taxes7,360.00+18.3%6,833.00+7.9%7,174.00+31.9%6,726.00+8.5%6,223.00-2.3%6,333.00+5.7%5,438.00-1.4%6,200.00+2.6%
Income Taxes1,358.00+19.9%1,205.00+13.6%1,153.00+33.9%873.00-19.2%1,133.00+7.5%1,061.00-5.0%861.00+1.3%1,081.00-6.2%
Consolidated Net Income5,955.00+18.1%5,583.00+7.0%5,972.00+31.8%5,803.00+14.6%5,041.00-3.9%5,219.00+8.7%4,530.00-1.4%5,064.00+5.1%
Net Income From Continuing Operations5,955.00+18.1%5,583.00+7.0%5,972.00+31.8%5,803.00+14.6%5,041.00-3.9%5,219.00+8.7%4,530.00-1.4%5,064.00+5.1%
Net Income5,955.00+18.1%5,583.00+7.0%5,972.00+31.8%5,803.00+14.6%5,041.00-3.9%5,219.00+8.7%4,530.00-1.4%5,064.00+5.1%
EPS (Recurring) per share3.35+14.7%3.25+12.5%3.25+22.2%3.26+23.0%2.92+11.0%2.89+21.4%2.66+10.4%2.65+11.8%
EPS (Basic, Before Extraordinaries) per share3.19+21.8%2.97+10.4%3.15+35.8%3.04+17.8%2.62-1.5%2.69+5.5%2.32-0.4%2.58+7.5%
EPS (Diluted) per share3.16+22.0%2.94+10.5%3.12+36.2%3.00+17.6%2.59-1.1%2.66+12.2%2.29+1.8%2.55+8.5%
EBITDA8,127.00+10.1%8,074.00+13.3%7,932.00+17.1%7,783.00+14.3%7,379.00+10.9%7,128.00+14.2%6,772.00+11.8%6,807.00+9.2%
Non-Operating Income (Expense)290.00+1.8%150.00-23.1%118.00-26.7%183.00+23.6%285.00+43.2%195.00-21.1%161.00-33.2%148.00-46.2%
Other After Tax Adjustments-47.00-45.00-49.00-50.00-49.00-53.00-47.00-55.00
Stock Option Compensation Expense126.40-34.4%175.38+3.3%208.56+5.6%221.00+30.1%192.80+4.2%169.85+5.9%197.50+6.4%169.85+2.9%
Price To Earnings Ratio ratio statement ratio, not the snapshot34.3830.1628.6434.7233.7036.1135.8032.94
Price To Sales Ratio ratio14.7314.6413.4616.3816.6017.8818.3917.05
Gross Margin %79.0773.3178.3378.6978.5877.4977.2175.79
Operating Margin %63.8466.2567.6768.4165.8666.9667.4168.61
Net Margin %49.0647.9953.1853.2347.0151.3147.2253.25
Shares Outstanding million shares1,857.20-3.1%1,868.30-3.2%1,884.64-3.0%1,908.04-2.4%1,917.45-2.5%1,929.91-2.7%1,942.91-2.8%1,954.99-2.6%
Market Capitalization779,414.46+18.5%646,426.16-6.1%576,072.46-15.9%670,641.69+8.2%657,702.71+21.1%688,498.76+31.1%684,648.14+22.1%619,763.92+18.4%

Balance sheet, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026FY9/30/20262025FY9/30/20252024FY9/30/20242023FY9/30/20232022FY9/30/20222021FY9/30/20212020FY9/30/20202019FY9/30/20192018FY9/30/2018
Cash & Short Term Investments15,914.00-31.4%23,195.00+19.3%19,439.00-14.8%22,827.00+9.4%20,868.00+6.7%19,564.00-7.2%21,073.00+57.0%13,420.00+1.7%13,200.00
Short Term Receivables6,280.00-16.8%7,549.00-3.8%7,847.00+67.7%4,680.00+13.0%4,142.00+8.7%3,809.00+28.0%2,975.00-35.2%4,590.00+59.8%2,872.00
Inventories0.000.000.000.000.000.000.000.000.00
Other Current Assets8,292.00+18.1%7,022.00+4.1%6,747.00+12.0%6,025.00+16.0%5,195.00+22.7%4,234.00+17.7%3,597.00+21.5%2,960.00+38.1%2,144.00
Total Current Assets30,486.00-19.3%37,766.00+11.0%34,033.00+1.5%33,532.00+11.0%30,205.00+9.4%27,607.00-0.1%27,645.00+31.8%20,970.00+15.1%18,216.00
Net Property, Plant & Equipment5,973.00+15.1%5,190.00+10.5%4,697.00+20.0%3,913.00+5.7%3,703.00+36.4%2,715.00-0.8%2,737.00+1.6%2,695.00+9.0%2,472.00
Total Investments and Advances1,161.00-43.5%2,055.00-45.0%3,737.00+14.2%3,272.00-1.8%3,331.00+5.0%3,173.00+149.3%1,273.00-55.7%2,875.00-31.9%4,219.00
Intangible Assets48,171.00+1.4%47,525.00+3.7%45,830.00+3.9%44,101.00+2.9%42,852.00-1.8%43,622.00-0.2%43,718.00+3.0%42,436.00-0.7%42,752.00
Deferred Tax Assets171.00+33.6%128.00-8.6%140.00+11.1%126.00+44.8%87.00+8.7%80.00+27.0%63.00+162.5%24.00-97.4%941.00
Other Assets8,398.00+20.6%6,963.00+14.6%6,074.00+9.3%5,555.00+4.4%5,323.00-6.6%5,699.00+3.9%5,483.00+53.4%3,574.00+471.8%625.00
Total Assets94,360.00-5.3%99,627.00+5.4%94,511.00+4.4%90,499.00+5.8%85,501.00+3.1%82,896.00+2.4%80,919.00+11.5%72,574.00+4.8%69,225.00
Short Term Debt Incl. Current Port. of LT Debt2,716.00-52.5%5,719.00+3712.7%150.00+41.5%106.00-95.5%2,348.00+109.8%1,119.00-64.0%3,107.000.000.00
Accounts Payable606.00+9.2%555.00+15.9%479.00+27.7%375.00+10.3%340.00+27.8%266.00+52.9%174.00+11.5%156.00-14.8%183.00
Income Tax Payable380.00-25.8%512.00-11.3%577.00-61.5%1,500.00+311.0%365.00+12.3%325.00+142.5%134.00-59.0%327.00+27.2%257.00
Other Current Liabilities27,886.00-1.3%28,262.00+11.7%25,311.00+19.9%21,117.00+18.6%17,800.00+26.9%14,029.00+26.4%11,095.00-14.2%12,932.00+19.0%10,865.00
Total Current Liabilities31,588.00-9.9%35,048.00+32.2%26,517.00+14.8%23,098.00+10.8%20,853.00+32.5%15,739.00+8.5%14,510.00+8.2%13,415.00+18.7%11,305.00
Long Term Debt19,355.00-5.0%20,365.00-5.4%21,521.00+3.1%20,875.00+1.2%20,622.00+0.7%20,478.00-4.9%21,533.00+28.7%16,729.00+0.6%16,630.00
Provision for Risks Charges0.000.000.000.000.000.000.000.000.00
Deferred Tax Liabilities5,184.00-6.6%5,549.00+4.7%5,301.00+3.7%5,114.00-4.1%5,332.00-13.0%6,128.00+17.0%5,237.00+8.9%4,807.00+4.1%4,618.00
Other Liabilities2,122.00+180.7%756.00-62.9%2,035.00-24.0%2,679.00-13.9%3,113.00+5.1%2,962.00-13.6%3,429.00+16.7%2,939.00+10.2%2,666.00
Total Liabilities58,249.00-5.6%61,718.00+11.5%55,374.00+7.0%51,766.00+3.7%49,920.00+10.2%45,307.00+1.3%44,709.00+18.0%37,890.00+7.6%35,219.00
Non-Equity Reserves0.000.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value507.00-31.9%745.00-27.7%1,031.00-39.3%1,698.00-26.9%2,324.00-24.5%3,080.00-39.4%5,086.00-6.9%5,462.00-0.1%5,470.00
Common Equity35,604.00-4.2%37,164.00-2.5%38,106.00+2.9%37,035.00+11.4%33,257.00-3.6%34,509.00+10.9%31,124.00+6.5%29,222.00+2.4%28,536.00
Total Shareholders Equity36,111.00-4.7%37,909.00-3.1%39,137.00+1.0%38,733.00+8.9%35,581.00-5.3%37,589.00+3.8%36,210.00+4.4%34,684.00+2.0%34,006.00
Accumulated Minority Interest0.000.000.000.000.000.000.000.000.00
Total Equity36,111.00-4.7%37,909.00-3.1%39,137.00+1.0%38,733.00+8.9%35,581.00-5.3%37,589.00+3.8%36,210.00+4.4%34,684.00+2.0%34,006.00
Total Liabilities & Stockholders Equity94,360.00-5.3%99,627.00+5.4%94,511.00+4.4%90,499.00+5.8%85,501.00+3.1%82,896.00+2.4%80,919.00+11.5%72,574.00+4.8%69,225.00
Book Value Per Share per share19.17-1.1%19.380.0%19.38+5.8%18.31+13.9%16.08-1.5%16.32+11.4%14.65+8.3%13.53+5.0%12.88
Tangible Book Value Per Share per share-6.77-5.40-3.93-3.49-4.64-4.31-5.93-6.12-6.42
Full-Time Employees people34,800+2.1%34,100+7.9%31,600+9.7%28,800+8.7%26,500+23.3%21,500+4.9%20,500+5.1%19,500+14.7%17,000
Price to Book Ratio ratio21.9217.4314.2412.5911.0513.6513.6512.7111.99
Return on Assets %24.0320.4521.0319.3117.3814.6613.6516.4314.49
Return on Equity %62.9951.5449.9745.7239.9932.5429.5533.9229.78
Return on Invested Capital %42.0334.0732.0828.5026.0320.6818.1422.6619.63
Quick Ratio ratio0.971.081.281.451.451.751.911.561.61
Current Ratio ratio0.971.081.281.451.451.751.911.561.61

Cash flow, annual

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
MetricTTM2026FY9/30/20262025FY9/30/20252024FY9/30/20242023FY9/30/20232022FY9/30/20222021FY9/30/20212020FY9/30/20202019FY9/30/2019
Net Income23,504.0023,504.00+17.2%20,058.00+1.6%19,743.00+14.3%17,273.00+15.5%14,957.00+21.5%12,311.00+13.3%10,866.00-10.0%12,080.00
Depreciation1,403.001,403.00+15.0%1,220.00+18.0%1,034.00+9.7%943.00+9.5%861.00+7.1%804.00+4.8%767.00+16.9%656.00
Other Funds (Non Cash)19,311.0019,311.00+14.9%16,801.00+14.3%14,705.00+12.7%13,044.00+18.3%11,024.00+38.8%7,941.00+15.1%6,898.00+12.4%6,137.00
Funds from Operations43,587.0043,587.00+14.0%38,231.00+8.1%35,382.00+15.0%30,777.00+16.1%26,506.00+20.9%21,929.00+16.4%18,838.00-1.3%19,087.00
Extraordinary Item0.000.000.000.000.000.000.000.000.00
Changes in Working Capital-19,859.00-19,859.00-15,172.00-15,432.00-10,022.00-7,657.00-6,702.00-8,398.00-6,303.00
Cash from Operating Activities23,728.0023,728.00+2.9%23,059.00+15.6%19,950.00-3.9%20,755.00+10.1%18,849.00+23.8%15,227.00+45.9%10,440.00-18.3%12,784.00
Capital Expenditures-1,671.00-1,671.00-1,482.00-1,257.00-1,059.00-970.00-705.00-736.00-756.00
Net Assets From Acquisitions-705.00-705.00-887.00-915.000.00-1,948.00-75.00-77.00-699.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.000.00
Purchase or Sale of Investments1,357.001,357.00-54.1%2,956.00+772.0%339.00-1,324.00-1,498.00-388.6%519.00-76.1%2,168.00+153.9%854.00
Purchase of Investments-208.00-208.00-68.00-4,674.00-4,484.00-6,083.00-5,182.00-2,342.00-3,154.00
Sale Or Maturity of Investments1,565.001,565.00-48.2%3,024.00-39.7%5,013.00+58.6%3,160.00-31.1%4,585.00-19.6%5,701.00+26.4%4,510.00+12.5%4,008.00
Other Uses0.000.000.00-93.00-25.000.000.000.000.00
Other Sources25.0025.00-79.3%121.000.00-100.0%402.00+214.1%128.00+17.4%109.00+51.4%72.00+620.0%10.00
Cash from Investing Activities-994.00-994.00-240.4%708.00-1,926.00-2,006.00-4,288.00-152.00-110.7%1,427.00-591.00
Cash Dividends Paid-5,112.00-5,112.00-4,634.00-4,217.00-3,751.00-3,203.00-2,798.00-2,664.00-2,269.00
Change in Capital Stock-20,147.00-20,147.00-17,920.00-16,378.00-11,841.00-11,393.00-8,468.00-7,924.00-8,445.00
Repurchase of Common Pref Stock-20,451.00-20,451.00-18,316.00-16,713.00-12,101.00-11,589.00-8,676.00-8,114.00-8,607.00
Sale of Common Pref Stock304.00304.00-23.2%396.00+18.2%335.00+28.8%260.00+32.7%196.00-5.8%208.00+9.5%190.00+17.3%162.00
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-2,570.00-2,570.00-165.5%3,924.000.00-2,250.00-201.4%2,218.00-3,000.00-141.6%7,212.000.00
Change in Long Term Debt-2,570.00-2,570.00-165.5%3,924.000.00-2,250.00-201.4%2,218.00-3,000.00-141.6%7,212.000.00
Issuance of Long Term Debt2,995.002,995.00-23.7%3,924.000.000.00-100.0%3,218.000.00-100.0%7,212.000.00
Reduction of Long Term Debt-5,565.00-5,565.000.000.00-2,250.00-1,000.00-3,000.000.000.00
Net Financing Active Other Cash Flow-412.00-412.00-333.00-38.00-154.3%70.00-318.00-144.00-592.00-1,347.00
Other Financing Activities Uses-412.00-412.00-333.00-208.00-130.00-318.00-144.00-592.00-1,347.00
Cash from Financing Activities-28,241.00-28,241.00-18,963.00-20,633.00-17,772.00-12,696.00-14,410.00-3,968.00-12,061.00
Exchange Rate Effect-362.00-362.00-186.2%420.00+9.9%382.00-39.9%636.00-1,287.00-37.00-108.4%440.00-277.00
Net Change in Cash-5,869.00-5,869.00-212.3%5,224.00-2,227.00-238.1%1,613.00+179.1%578.00-8.0%628.00-92.5%8,339.00-145.00
Free Cash Flow22,057.0022,057.00+2.2%21,577.00+15.4%18,693.00-5.1%19,696.00+10.2%17,879.00+23.1%14,522.00+49.6%9,704.00-19.3%12,028.00
Price to Free Cash Flow ratio39.9140.4439.6138.5430.0825.8641.5763.1440.05
Deferred Taxes & Investment Tax Credit--631.00-515.1%152.00-100.00-483.00-336.00-138.5%873.00+184.4%307.00+43.5%214.00

Balance sheet, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q49/30/20262026Q36/30/20262026Q23/31/20262026Q112/31/20252025Q49/30/20252025Q36/30/20252025Q23/31/20252025Q112/31/2024
Cash & Short Term Investments15,914.00-31.4%15,891.00-30.7%15,923.00-9.6%21,105.00+14.6%23,195.00+19.3%22,915.00+17.5%17,610.00-13.2%18,415.00-14.3%
Short Term Receivables6,280.00-16.8%5,927.00-23.0%5,541.00-20.4%6,443.00+2.7%7,549.00-3.8%7,698.00+65.6%6,963.00+19.4%6,273.00+24.7%
Inventories0.000.000.000.000.000.000.000.00
Other Current Assets8,292.00+18.1%9,184.00+18.0%10,161.00+21.5%7,449.00-6.1%7,022.00+4.1%7,785.00+13.0%8,361.00+25.7%7,934.00+27.5%
Total Current Assets30,486.00-19.3%31,002.00-19.3%31,625.00-4.0%34,997.00+7.3%37,766.00+11.0%38,398.00+23.7%32,934.00+0.5%32,622.00-0.3%
Net Property, Plant & Equipment5,973.00+15.1%4,858.00+17.3%4,778.00+18.8%4,276.00+7.6%5,190.00+10.5%4,143.00+10.0%4,023.00+10.8%3,974.00+14.5%
Total Investments and Advances1,161.00-43.5%150.00-90.1%732.00-59.0%912.00-56.4%2,055.00-45.0%1,521.00-54.2%1,784.00-48.5%2,091.00-34.8%
Intangible Assets48,171.00+1.4%48,357.00+1.7%48,641.00+5.6%47,549.00+4.6%47,525.00+3.7%47,540.00+5.5%46,049.00+1.9%45,437.00+1.3%
Deferred Tax Assets171.00+33.6%---128.00-8.6%---
Other Assets8,398.00+20.6%10,223.00+21.4%9,273.00+15.0%9,080.00+17.0%6,963.00+14.6%8,422.00+7.2%8,063.00+10.2%7,764.00+8.7%
Total Assets94,360.00-5.3%94,590.00-5.4%95,049.00+2.4%96,814.00+5.4%99,627.00+5.4%100,024.00+9.9%92,853.00+0.5%91,888.00+0.5%
Short Term Debt Incl. Current Port. of LT Debt2,716.00-52.5%2,996.00-46.0%1,559.00-60.5%1,589.00-59.6%5,719.00+3712.7%5,548.003,948.003,929.00
Accounts Payable606.00+9.2%553.00+19.7%557.00+32.3%433.00+6.9%555.00+15.9%462.00+39.6%421.00+24.6%405.00+16.4%
Income Tax Payable380.00-25.8%---512.00-11.3%---
Other Current Liabilities27,886.00-1.3%27,918.00-1.8%26,960.00+3.6%29,469.00+19.0%28,262.00+11.7%28,417.00+27.5%26,012.00+12.6%24,757.00+11.1%
Total Current Liabilities31,588.00-9.9%31,467.00-8.6%29,076.00-4.3%31,491.00+8.2%35,048.00+32.2%34,427.00+52.3%30,381.00+29.6%29,091.00+28.5%
Long Term Debt19,355.00-5.0%20,862.00+6.5%22,417.00+33.3%19,588.00+17.4%20,365.00-5.4%19,590.00-4.9%16,814.00-18.4%16,680.00-19.4%
Provision for Risks Charges0.000.000.000.000.000.000.000.00
Deferred Tax Liabilities5,184.00-6.6%5,219.00-9.3%5,893.00+14.2%5,241.00+0.9%5,549.00+4.7%5,755.00+12.4%5,160.00+0.3%5,192.00-1.6%
Other Liabilities2,122.00+180.7%1,864.00+17.4%2,002.00-18.9%1,717.00-34.7%756.00-62.9%1,588.00-46.7%2,468.00-9.4%2,629.00-14.2%
Total Liabilities58,249.00-5.6%59,412.00-3.2%59,388.00+8.3%58,037.00+8.3%61,718.00+11.5%61,360.00+19.6%54,823.00+5.6%53,592.00+3.7%
Non-Equity Reserves0.000.000.000.000.000.000.000.00
Preferred Stock - Carrying Value507.00-31.9%514.00-41.0%528.00-40.0%551.00-39.0%745.00-27.7%871.00-38.9%880.00-45.1%904.00-44.0%
Common Equity35,604.00-4.2%34,664.00-8.3%35,133.00-5.4%38,226.00+2.2%37,164.00-2.5%37,793.00-1.3%37,150.00-4.5%37,392.00-1.9%
Total Shareholders Equity36,111.00-4.7%35,178.00-9.0%35,661.00-6.2%38,777.00+1.3%37,909.00-3.1%38,664.00-2.7%38,030.00-6.1%38,296.00-3.6%
Accumulated Minority Interest0.000.000.000.000.000.000.000.00
Total Equity36,111.00-4.7%35,178.00-9.0%35,661.00-6.2%38,777.00+1.3%37,909.00-3.1%38,664.00-2.7%38,030.00-6.1%38,296.00-3.6%
Total Liabilities & Stockholders Equity94,360.00-5.3%94,590.00-5.4%95,049.00+2.4%96,814.00+5.4%99,627.00+5.4%100,024.00+9.9%92,853.00+0.5%91,888.00+0.5%
Book Value Per Share per share19.17-1.1%18.55-5.3%18.64-2.5%20.03+4.7%19.380.0%19.58+1.5%19.12-1.7%19.13+0.7%
Tangible Book Value Per Share per share-6.77-7.33-7.17-4.89-5.40-5.05-4.58-4.12
Full-Time Employees people34,800+2.1%---34,100+7.9%---
Price to Book Ratio ratio21.9218.4015.0918.0917.4318.5718.3216.31
Return on Assets %24.0423.0223.4521.8320.4521.0021.2121.50
Return on Equity %62.9960.6759.8053.4451.5451.1850.0350.51
Return on Invested Capital %10.749.9610.289.948.658.968.269.21
Quick Ratio ratio0.970.991.091.111.081.121.081.12
Current Ratio ratio0.970.991.091.111.081.121.081.12

Cash flow, quarterly

USD millions, except where the row names a unit. The percent under a figure is against the same period a year earlier. TTM has no earlier TTM to compare with, and a ratio or a margin has no change.
Metric2026Q49/30/20262026Q36/30/20262026Q23/31/20262026Q112/31/20252025Q49/30/20252025Q36/30/20252025Q23/31/20252025Q112/31/2024
Net Income6,002.00+17.9%5,628.00+6.8%6,021.00+31.5%5,853.00+14.3%5,090.00-4.3%5,272.00+8.2%4,577.00-1.8%5,119.00+4.7%
Depreciation377.00+19.3%367.00+15.8%333.00+9.2%326.00+15.6%316.00+15.3%317.00+20.1%305.00+22.5%282.00+14.2%
Other Funds (Non Cash)5,450.00+23.6%4,825.00+13.9%4,514.00+12.1%4,522.00+9.6%4,411.00+15.5%4,237.00+11.3%4,028.00+13.8%4,125.00+16.5%
Funds from Operations11,836.00+23.0%10,164.00-0.9%11,321.00+28.9%10,266.00+7.3%9,622.00+2.3%10,259.00+15.1%8,786.00+5.5%9,564.00+9.5%
Extraordinary Item0.000.000.000.000.000.000.000.00
Changes in Working Capital-4,450.00-3,610.00-8,313.00-3,486.00-3,384.00-3,529.00-4,091.00-4,168.00
Cash from Operating Activities7,386.00+18.4%6,554.00-2.6%3,008.00-35.9%6,780.00+25.6%6,238.00-6.4%6,730.00+31.1%4,695.00+3.5%5,396.00+49.3%
Capital Expenditures-493.00-417.00-383.00-378.00-389.00-421.00-327.00-345.00
Net Assets From Acquisitions0.000.00-705.00-3810.5%0.000.000.0019.00-906.00
Sale of Fixed Assets and Businesses0.000.000.000.000.000.000.000.00
Purchase or Sale of Investments224.00-57.7%186.00+1.6%227.00+9.1%720.00-64.6%529.00-43.4%183.00-80.9%208.00+235.5%2,036.00
Purchase of Investments-61.00-69.00-73.00-5.00-27.00-17.00-18.00-6.00
Sale Or Maturity of Investments285.00-48.7%255.00+27.5%300.00+32.7%725.00-64.5%556.00-51.5%200.00-88.4%226.00-77.6%2,042.00+79.6%
Other Uses5.00-88.4%-5.000.000.0043.00-18.00-25.000.00
Other Sources25.00-79.3%-2.00-17.0019.00+280.0%121.000.00-5.005.00
Cash from Investing Activities-239.00-178.6%-238.00-878.00361.00-54.3%304.00-47.9%-256.00-146.1%-130.00790.00
Cash Dividends Paid-1,260.00-1,273.00-1,286.00-1,293.00-1,146.00-1,154.00-1,164.00-1,170.00
Preferred Dividends (Cash Flow)-0.00---0.00--
Change in Capital Stock-3,921.00-4,734.00-7,845.00-3,647.00-4,872.00-4,687.00-4,477.00-3,884.00
Repurchase of Common Pref Stock-4,021.00-4,805.00-7,900.00-3,725.00-4,927.00-4,782.00-4,596.00-4,011.00
Sale of Common Pref Stock100.00+81.8%71.00-25.3%55.00-53.8%78.00-38.6%55.00-19.1%95.00+13.1%119.00+50.6%127.00+22.1%
Proceedsfrom Stock Options0.000.000.000.000.000.000.000.00
Issuance or Reduction of Debt, Net-1,496.00-69.00-101.8%2,995.00-4,000.000.003,924.000.000.00
Change in Long Term Debt-1,496.00-69.00-101.8%2,995.00-4,000.000.003,924.000.000.00
Issuance of Long Term Debt-1,496.001,496.00-61.9%2,995.000.000.003,924.000.000.00
Reduction of Long Term Debt0.00-1,565.000.00-4,000.000.000.000.000.00
Net Financing Active Other Cash Flow-24.00-233.3%-68.00-176.4%-274.00-46.0018.0089.00-52.7%-19.00-421.00-368.2%
Other Financing Activities Uses-24.00-233.3%-68.00-176.4%-89.00-231.0018.0089.00-19.00-421.00
Cash from Financing Activities-6,701.00-6,144.00-6,410.00-8,986.00-6,000.00-1,828.00-5,660.00-5,475.00
Exchange Rate Effect-96.00-2500.0%-110.00-116.7%-190.00-171.7%34.004.00-98.7%659.00265.00-508.00-269.3%
Net Change in Cash350.00-35.9%62.00-98.8%-4,470.00-1,811.00-992.1%546.00+12.1%5,305.00+1517.4%-830.00203.00
Free Cash Flow6,893.00+17.8%6,137.00-2.7%2,625.00-39.9%6,402.00+26.7%5,849.00-8.0%6,309.00+33.3%4,368.00+2.6%5,051.00+50.9%
Price to Free Cash Flow ratio39.9140.6635.5137.3139.1939.6243.0339.04

Revenue breakdown

USD millions, so a column adds up to the income statement. Share is of the latest year in that split. The change is versus the older year shown, not TTM.

Product
Name20252026vs 20252026 share
Client Incentives-15,751.00-18,317.00+16.3%-39.9%
Data Processing Revenues19,993.0023,374.00+16.9%50.9%
International Transaction Revenues14,166.0015,251.00+7.7%33.2%
Service17,539.0019,918.00+13.6%43.4%
Service, Other4,053.005,677.00+40.1%12.4%
Total40,000.0045,903.00+14.8%100.0%
Region
Name20252026vs 20252026 share
Non-US24,367.0028,480.00+16.9%62.0%
United States15,633.0017,423.00+11.5%38.0%
Total40,000.0045,903.00+14.8%100.0%

Short interest

shares short against float, oldest to newest
SettlementOf floatShares shortFloatAvg volume
2026-10-301.26%21.4M1700.4M6.36M
2026-10-151.21%20.5M1700.4M6.49M
2026-09-301.21%20.6M1700.4M7.00M
2026-09-151.09%18.5M1700.4M7.55M
2026-08-311.20%20.3M1700.4M7.92M
2026-08-141.31%22.3M1697.4M8.12M
2026-07-311.23%20.8M1696.7M8.25M
2026-07-151.42%23.6M1655.9M8.37M
2026-06-301.25%20.7M1655.9M7.88M
2026-06-151.29%21.3M1655.2M7.43M
2026-05-291.29%21.4M1655.9M7.32M
2026-05-151.56%25.8M1656.0M7.32M
2026-04-301.40%23.1M1656.0M7.61M
2026-04-151.40%23.4M1677.3M7.64M
2026-03-311.40%23.5M1677.4M8.18M
2026-03-131.59%26.6M1677.4M7.72M
2026-02-271.62%27.2M1677.4M7.74M
2026-02-131.58%26.5M1677.4M7.49M
2026-01-301.54%25.9M1677.4M7.06M
2026-01-151.32%22.1M1682.2M6.68M

Option chain

expiry 2026-11-13
TypeStrikeBidAskLastIVOpen intVolumeDeltaThetaVega
call190229.65232.3231.499.4311.000.001.000-0.0920.000
call195224.7227.25226.499.1114.000.001.000-0.0930.000
call200219.8222.3225.658.88611650.001.000-0.0930.000
call205214.7217.3218.688.6232.000.001.000-0.0930.000
call210209.7212.25213.688.3261.000.001.000-0.0940.000
call215204.7207.25207.058.0760.000.001.000-0.0940.000
call220199.45202.32047.8711.000.001.000-0.0940.000
call225194.6197.25200.27.5941.001.001.000-0.0950.000
call230189.5192.25195.257.3600.001.001.000-0.0950.000
call235184.65187.25188.587.1481.000.001.000-0.0950.000
call240179.85182.25183.596.9071.000.000.999-0.0960.000
call245174.7177.30.006.7370.000.000.999-0.0960.000
call250169.9172.25173.66.4720.000.000.999-0.0960.000
call255164.5167.25168.66.2600.000.000.999-0.0960.000
call260159.4162.30.006.0830.000.000.999-0.0970.000
call265154.9157.30.005.8780.000.000.999-0.0970.000
call270149.8152.3142.735.6760.000.000.999-0.0970.000
call275143.9147.3137.755.4770.000.000.999-0.0970.000
call280139.85142.3132.775.2810.000.000.999-0.0980.000
call285134.6137.3127.825.1000.000.000.999-0.0980.000
call290129.75132.30.004.9090.000.000.999-0.0980.000
call295124.65127.30.004.7210.000.000.999-0.0980.001
call300119.65122.30.004.5360.000.000.999-0.0980.001
call305114.05117.30.004.3530.000.000.999-0.0990.001
call310109112.350.004.1850.000.000.999-0.0990.001
call315104.7107.350.004.0150.000.000.999-0.0990.001
call32099.85101.9581.413.6540.000.000.999-0.0990.001
call32594.4597.3573.743.6520.000.000.999-0.0990.001
call33089.9092.350.003.4870.000.000.999-0.0990.001
call33584.7087.350.003.3140.000.000.999-0.0990.001
call34079.6082.350.003.1340.000.000.999-0.0990.001
call34575.0077.3082.302.9540.000.000.999-0.0990.001
call35069.7572.3072.752.7770.000.000.999-0.0990.001
call35564.0567.3044.902.7200.000.000.999-0.0980.001
call36060.0061.9562.752.3230.000.000.998-0.0980.001
call362.557.4559.800.002.3600.000.000.996-0.2010.002
call36554.4057.300.002.2830.000.000.995-0.2460.003
call367.552.2554.850.002.2140.000.000.994-0.2440.003
call37049.5052.3552.902.1310.000.000.994-0.2430.003
call372.547.4049.800.002.0320.000.000.994-0.2410.003
call37544.9047.3547.801.9630.000.000.994-0.2390.004
call377.541.9044.8541.751.8790.000.000.993-0.2380.004
call38039.7042.3042.801.7760.000.000.994-0.2200.004
call382.537.5039.8533.811.7100.000.000.990-0.3170.005
call38534.8537.3534.701.6201.000.000.989-0.3180.006
call387.532.2534.8540.251.5402.001.000.982-0.4840.009
call39029.9531.9033.001.3401.000.000.984-0.3960.008
call392.527.2529.8530.301.3630.000.000.972-0.6160.013
call39524.8026.7529.621.1381.000.000.971-0.5850.013
call397.522.0024.8521.001.1892.000.000.959-0.7610.018
call40019.9022.3521.201.1001200.000.950-0.8330.021
call402.517.4019.9021.591.01920.000.000.919-1.2170.030
call40514.6517.4518.270.9355814.000.901-1.3140.035
call407.512.6014.9514.770.8431902.000.880-1.3780.040
call41010.0012.0013.500.67032319.000.860-1.3450.045
call412.57.909.6511.800.59688.0023.000.810-1.5210.055
call4155.507.457.400.53337832.000.746-1.6150.064
call417.53.805.257.910.45814545.000.651-1.6950.074
call4202.342.842.630.33353568.000.524-1.5430.080
call422.51.251.661.250.3247503030.371-1.4690.076
call4250.410.950.830.3305035980.255-1.3500.064
call427.50.250.390.260.3084807030.147-0.9360.046
call4300.080.190.140.3181,0621190.087-0.6630.032
call432.50.050.100.070.3347102960.086-0.8200.031
call4350.030.110.040.3882692270.056-0.6130.023
call437.50.000.130.050.4413412400.047-0.5870.020
call4400.000.080.010.47572143.000.039-0.5430.017
call442.50.000.050.020.49016311.000.027-0.4120.012
call4450.000.160.020.5362905.000.024-0.4150.011
call447.50.001.090.090.5811160.000.021-0.4000.010
call4500.000.030.020.58711128.000.014-0.2680.007
call452.50.002.130.030.6281,0230.000.011-0.2290.006
call4550.000.010.030.66712723.000.009-0.2020.005
call457.50.002.130.010.6337.000.000.004-0.0870.002
call4600.001.600.030.66945.000.000.003-0.0760.002
call462.50.002.130.000.7050.000.000.002-0.0640.002
call4650.002.130.040.74145.000.000.002-0.0640.001
call467.50.002.130.010.77746.000.000.002-0.0650.001
call4700.002.130.030.81219.000.000.002-0.0650.001
call472.50.002.130.000.8474.000.000.002-0.0660.001
call4750.000.240.010.88126.0032.000.002-0.0660.001
call477.50.000.750.000.91533.000.000.002-0.0670.001
call4800.000.420.010.94912.004.000.002-0.0670.001
call4850.000.220.011.01614.002.000.002-0.0680.001
call4900.000.060.010.95214.002.000.003-0.1000.002
call4950.000.750.021.14634.000.000.002-0.0690.001
call5000.002.130.041.21042.000.000.001-0.0700.001
call5050.000.010.011.26953.000.000.003-0.1180.002
put1900.000.210.005.0950.000.000.000-0.0800.000
put1950.000.210.004.9360.000.000.000-0.0800.000
put2000.000.210.004.7800.000.000.000-0.0790.000
put2050.000.210.014.6294.000.000.000-0.0790.000
put2100.000.010.013.0953.000.000.000-0.0370.000
put2150.000.010.022.99713.000.000.000-0.0360.000
put2200.000.010.012.9019.000.000.000-0.0360.000
put2250.000.010.012.8071590.000.000-0.0360.000
put2300.000.210.023.92217.000.000.000-0.0780.000
put2350.000.010.012.6268.000.000.000-0.0360.000
put2400.000.050.013.65920.000.000.000-0.0770.000
put2450.000.210.013.5325.000.00-0.001-0.0770.000
put2500.000.010.012.36611.000.00-0.001-0.0360.001
put2550.000.010.022.28316.000.00-0.001-0.0360.001
put2600.000.210.013.1642.000.00-0.001-0.0760.000
put2650.000.210.013.04620.000.00-0.001-0.0760.000
put2700.000.010.012.0435.000.00-0.001-0.0350.001
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Latest SEC filings

30
FiledFormDescriptionPeriodLink
2026-11-124Statement of changes in beneficial ownership of securities2026-11-10SEC
2026-11-10144Filing for proposed sale of securities under Rule 144.SEC
2026-11-104Statement of changes in beneficial ownership of securities2026-11-09SEC
2026-11-09144Filing for proposed sale of securities under Rule 144.SEC
2026-11-054Statement of changes in beneficial ownership of securities2026-11-04SEC
2026-11-0510-KAnnual report pursuant to Section 13 or 15(d)2026-09-30SEC
2026-11-04144Filing for proposed sale of securities under Rule 144.SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-034Statement of changes in beneficial ownership of securities2026-11-02SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-11-02144Filing for proposed sale of securities under Rule 144.SEC
2026-11-024Statement of changes in beneficial ownership of securities2026-10-30SEC
2026-10-30144Filing for proposed sale of securities under Rule 144.SEC
2026-10-278-KCurrent report2026-10-27SEC
2026-10-024Statement of changes in beneficial ownership of securities2026-10-01SEC
2026-10-01144Filing for proposed sale of securities under Rule 144.SEC
2026-09-238-KCurrent report2026-09-18SEC
2026-09-104Statement of changes in beneficial ownership of securities2026-09-09SEC
2026-09-09144Filing for proposed sale of securities under Rule 144.SEC
2026-09-024Statement of changes in beneficial ownership of securities2026-09-01SEC
2026-09-01144Filing for proposed sale of securities under Rule 144.SEC
2026-09-014Statement of changes in beneficial ownership of securities2026-08-31SEC
2026-08-31144Filing for proposed sale of securities under Rule 144.SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-244Statement of changes in beneficial ownership of securities2026-08-21SEC
2026-08-21144Filing for proposed sale of securities under Rule 144.SEC
2026-08-21144Filing for proposed sale of securities under Rule 144.SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-15SEC
2026-08-184Statement of changes in beneficial ownership of securities2026-08-15SEC
2026-07-314Statement of changes in beneficial ownership of securities2026-07-30SEC

Insider activity by month

MonthBoughtBuysSoldSells
2026-110034.01M5
2026-10002.36M2
2026-09002.92M2
2026-08009.59M3
2026-070025.24M3
2026-06007.13M1
2026-05003.46M1
2026-040010.70M1
2026-0300201.25K1
2026-020000
2026-01003.66M1
2025-120014.61M4
2025-11006.67M4

Institutional holders

Manager% owned
BlackRock, Inc.7.31%
VANGUARD CAPITAL MANAGEMENT LLC5.63%
STATE STREET CORP4.55%
FMR LLC2.57%
GEODE CAPITAL MANAGEMENT, LLC2.50%
MORGAN STANLEY2.44%
VANGUARD PORTFOLIO MANAGEMENT LLC1.96%
PRICE T ROWE ASSOCIATES INC /MD/1.88%
TCI Fund Management Ltd1.62%
Capital World Investors1.51%

Funds

Fund% owned
VANGUARD TOTAL STOCK MARKET INDEX FUND2.74%
DFA TWO-YEAR GLOBAL FIXED INCOME PORTFOLIO2.31%
VANGUARD 500 INDEX FUND2.24%
JPMorgan Ultra-Short Income ETF1.69%
Bond Fund of America1.57%
VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND1.56%
iShares iBoxx $ Investment Grade Corporate Bond ETF1.47%
VANGUARD TOTAL BOND MARKET INDEX FUND1.43%
iShares Core S&P 500 ETF1.21%
Fidelity 500 Index Fund1.15%

OakChart. V. Cached 15 minutes. Terms