Visa Inc. Class A (V) — Free Cash Flow Generation Index
Visa Inc. Class A (V) has a Free Cash Flow Generation Index of 0.94x as of June 2026. Free cash flow of $6.14 Billion represents 1% of operating cash flow ($6.55 Billion). Explore V capex to operating cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.
FCF Generation Index
Free Cash Flow
Operating Cash Flow
Capital Expenditures
Visa Inc. Class A Free Cash Flow Generation Index (2004–2025)
Historical FCF Generation Index trend for Visa Inc. Class A across 22 annual periods. For the full cash flow conversion analysis, see cash flow conversion of Visa Inc. Class A.
Annual Free Cash Flow Generation for Visa Inc. Class A (2004–2025)
Year-by-year Free Cash Flow Generation Index for Visa Inc. Class A. Check total reinvestment intensity of Visa Inc. Class A to assess the company's total reinvestment commitment from operating cash flow.
| Year | FCG Index | Free Cash Flow (USD) | Operating CF | Capital Expenditures | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.94x | $21.58 Billion | $23.06 Billion | $1.48 Billion | ▼ -0.1% |
| 2024 | 0.94x | $18.69 Billion | $19.95 Billion | $1.26 Billion | ▼ -1.3% |
| 2023 | 0.95x | $19.70 Billion | $20.75 Billion | $1.06 Billion | ▲ +0.0% |
| 2022 | 0.95x | $17.88 Billion | $18.85 Billion | $970.00 Million | ▼ -0.5% |
| 2021 | 0.95x | $14.52 Billion | $15.23 Billion | $705.00 Million | ▲ +2.6% |
| 2020 | 0.93x | $9.70 Billion | $10.44 Billion | $736.00 Million | ▼ -1.2% |
| 2019 | 0.94x | $12.03 Billion | $12.78 Billion | $756.00 Million | ▼ -0.3% |
| 2018 | 0.94x | $11.99 Billion | $12.71 Billion | $718.00 Million | ▲ +2.2% |
| 2017 | 0.92x | $8.50 Billion | $9.21 Billion | $707.00 Million | ▲ +1.9% |
| 2016 | 0.91x | $5.05 Billion | $5.57 Billion | $523.00 Million | ▼ -3.3% |
| 2015 | 0.94x | $6.17 Billion | $6.58 Billion | $414.00 Million | ▲ +1.5% |
| 2014 | 0.92x | $6.65 Billion | $7.21 Billion | $553.00 Million | ▲ +9.4% |
| 2013 | 0.84x | $2.55 Billion | $3.02 Billion | $471.00 Million | ▼ -8.7% |
| 2012 | 0.92x | $4.63 Billion | $5.01 Billion | $376.00 Million | ▲ +1.8% |
| 2011 | 0.91x | $3.52 Billion | $3.87 Billion | $353.00 Million | ▼ -0.2% |
| 2010 | 0.91x | $2.45 Billion | $2.69 Billion | $241.00 Million | ▲ +101.6% |
| 2009 | 0.45x | $252.00 Million | $558.00 Million | $306.00 Million | ▲ +106.7% |
| 2008 | 0.22x | $116.00 Million | $531.00 Million | $415.00 Million | ▼ -68.0% |
| 2007 | 0.68x | $345.19 Million | $505.15 Million | $159.96 Million | ▼ -31.7% |
| 2006 | 1.00x | $434.51 Million | $434.51 Million | $87.27 Million | ▲ +33.0% |
| 2005 | 0.75x | $361.36 Million | $480.63 Million | $119.27 Million | ▲ +4.7% |
| 2004 | 0.72x | $311.18 Million | $433.39 Million | $122.21 Million | — |