Visa Inc. Class A (V) - Net Assets
Based on the latest financial reports, Visa Inc. Class A (V) has net assets worth $38.78 Billion USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($96.81 Billion) and total liabilities ($58.04 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check asset resilience ratio of Visa Inc. Class A to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $38.78 Billion |
| % of Total Assets | 40.05% |
| Annual Growth Rate | N/A |
| 5-Year Change | 0.85% |
| 10-Year Change | 15.18% |
| Growth Volatility | 83.2 |
Visa Inc. Class A - Net Assets Trend (2003–2025)
This chart illustrates how Visa Inc. Class A's net assets have evolved over time, based on quarterly financial data. Also explore Visa Inc. Class A assets under control for the complete picture of this company's asset base.
Annual Net Assets for Visa Inc. Class A (2003–2025)
The table below shows the annual net assets of Visa Inc. Class A from 2003 to 2025. For live valuation and market cap data, see how much is Visa Inc. Class A worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-09-30 | $37.91 Billion | -3.14% |
| 2024-09-30 | $39.14 Billion | +1.04% |
| 2023-09-30 | $38.73 Billion | +8.86% |
| 2022-09-30 | $35.58 Billion | -5.34% |
| 2021-09-30 | $37.59 Billion | +3.81% |
| 2020-09-30 | $36.21 Billion | +4.40% |
| 2019-09-30 | $34.68 Billion | +1.99% |
| 2018-09-30 | $34.01 Billion | +3.80% |
| 2017-09-30 | $32.76 Billion | -0.46% |
| 2016-09-30 | $32.91 Billion | +13.60% |
| 2015-09-30 | $28.97 Billion | +5.69% |
| 2014-09-30 | $27.41 Billion | +2.02% |
| 2013-09-30 | $26.87 Billion | -2.75% |
| 2012-09-30 | $27.63 Billion | +4.51% |
| 2011-09-30 | $26.44 Billion | +5.69% |
| 2010-09-30 | $25.01 Billion | +7.85% |
| 2009-09-30 | $23.19 Billion | +9.71% |
| 2008-09-30 | $21.14 Billion | +4668.88% |
| 2007-09-30 | $-462.72 Million | -174.55% |
| 2006-09-30 | $620.65 Million | +320.45% |
| 2005-09-30 | $147.62 Million | +133.55% |
| 2003-09-30 | $-440.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Visa Inc. Class A's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1510600000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $15.11 Billion | 39.85% |
| Common Stock | $182.50K | 0.00% |
| Other Comprehensive Income | $124.00 Million | 0.33% |
| Other Components | $22.68 Billion | 59.82% |
| Total Equity | $37.91 Billion | 100.00% |
Visa Inc. Class A Competitors by Market Cap
The table below lists competitors of Visa Inc. Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tencent Holdings Ltd
F:NNND
|
$553.51 Billion |
|
Exxon Mobil Corp
NYSE:XOM
|
$637.68 Billion |
|
Berkshire Hathaway Inc
NYSE:BRK-B
|
$649.36 Billion |
|
JPMorgan Chase & Co
NYSE:JPM
|
$838.59 Billion |
|
Johnson & Johnson
NYSE:JNJ
|
$547.37 Billion |
|
ASML Holding NV ADR
NASDAQ:ASML
|
$546.45 Billion |
|
Tencent Holdings Ltd ADR
F:NNN1
|
$518.72 Billion |
|
SK Hynix Inc
KO:000660
|
$467.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Visa Inc. Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 39,137,000,000 to 37,909,000,000, a change of -1,228,000,000 (-3.1%).
- Net income of 20,058,000,000 contributed positively to equity growth.
- Dividend payments of 4,634,000,000 reduced retained earnings.
- Share repurchases of 13,389,000,000 reduced equity.
- Other comprehensive income increased equity by 536,000,000.
- Other factors decreased equity by 3,799,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $20.06 Billion | +52.91% |
| Dividends Paid | $4.63 Billion | -12.22% |
| Share Repurchases | $13.39 Billion | -35.32% |
| Other Comprehensive Income | $536.00 Million | +1.41% |
| Other Changes | $-3.80 Billion | -10.02% |
| Total Change | $- | -3.14% |
Book Value vs Market Value Analysis
This analysis compares Visa Inc. Class A's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 17.10x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-09-30 | $-0.14 | $328.03 | x |
| 2005-09-30 | $0.04 | $328.03 | x |
| 2006-09-30 | $0.20 | $328.03 | x |
| 2007-09-30 | $-0.18 | $328.03 | x |
| 2008-09-30 | $7.24 | $328.03 | x |
| 2009-09-30 | $7.65 | $328.03 | x |
| 2010-09-30 | $5.71 | $328.03 | x |
| 2011-09-30 | $6.47 | $328.03 | x |
| 2012-09-30 | $7.17 | $328.03 | x |
| 2013-09-30 | $10.24 | $328.03 | x |
| 2014-09-30 | $10.86 | $328.03 | x |
| 2015-09-30 | $12.15 | $328.03 | x |
| 2016-09-30 | $13.63 | $328.03 | x |
| 2017-09-30 | $13.68 | $328.03 | x |
| 2018-09-30 | $14.60 | $328.03 | x |
| 2019-09-30 | $15.27 | $328.03 | x |
| 2020-09-30 | $16.29 | $328.03 | x |
| 2021-09-30 | $17.18 | $328.03 | x |
| 2022-09-30 | $16.66 | $328.03 | x |
| 2023-09-30 | $18.58 | $328.03 | x |
| 2024-09-30 | $19.29 | $328.03 | x |
| 2025-09-30 | $19.18 | $328.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Visa Inc. Class A utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 52.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 50.14%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.63x
- Recent ROE (52.91%) is above the historical average (34.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 0.00% | -44.70% | 1.04x | 0.00x | $-841.00 Million |
| 2005 | 210.71% | 9.93% | 0.97x | 21.85x | $252.14 Million |
| 2006 | 77.99% | 15.42% | 0.99x | 5.09x | $396.28 Million |
| 2007 | 0.00% | -29.98% | 0.82x | 0.00x | $-1.03 Billion |
| 2008 | 3.61% | 12.84% | 0.18x | 1.57x | $-1.42 Billion |
| 2009 | 10.15% | 34.05% | 0.21x | 1.39x | $34.10 Million |
| 2010 | 11.86% | 36.78% | 0.24x | 1.34x | $464.90 Million |
| 2011 | 13.81% | 39.73% | 0.26x | 1.31x | $1.01 Billion |
| 2012 | 7.76% | 20.57% | 0.26x | 1.45x | $-619.00 Million |
| 2013 | 18.53% | 42.28% | 0.33x | 1.34x | $2.29 Billion |
| 2014 | 19.84% | 42.81% | 0.33x | 1.41x | $2.70 Billion |
| 2015 | 21.21% | 45.59% | 0.35x | 1.32x | $3.34 Billion |
| 2016 | 18.20% | 39.72% | 0.24x | 1.95x | $2.70 Billion |
| 2017 | 20.45% | 36.49% | 0.27x | 2.08x | $3.42 Billion |
| 2018 | 30.29% | 49.98% | 0.30x | 2.04x | $6.90 Billion |
| 2019 | 34.83% | 52.57% | 0.32x | 2.09x | $8.61 Billion |
| 2020 | 30.01% | 49.74% | 0.27x | 2.23x | $7.25 Billion |
| 2021 | 32.75% | 51.07% | 0.29x | 2.21x | $8.55 Billion |
| 2022 | 42.04% | 51.03% | 0.34x | 2.40x | $11.40 Billion |
| 2023 | 44.60% | 52.90% | 0.36x | 2.34x | $13.40 Billion |
| 2024 | 50.45% | 54.95% | 0.38x | 2.41x | $15.83 Billion |
| 2025 | 52.91% | 50.14% | 0.40x | 2.63x | $16.27 Billion |
Industry Comparison
This section compares Visa Inc. Class A's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $3,603,214,276
- Average return on equity (ROE) among peers: 5.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Visa Inc. Class A (V) | $38.78 Billion | 0.00% | 1.50x | $551.45 Billion |
| Affirm Holdings Inc (AFRM) | $3.07 Billion | 1.70% | 2.63x | $16.59 Billion |
| Federal Agricultural Mortgage Corporation (AGM) | $1.27 Billion | 14.01% | 20.49x | $1.63 Billion |
| Federal Agricultural Mortgage Corporation (AGM-A) | $992.48 Million | 10.95% | 23.54x | $137.84 Million |
| AIOS Tech Inc. (AIOS) | $211.13 Million | 2.74% | 0.29x | $3.53 Million |
| Ally Financial Inc (ALLY) | $13.90 Billion | 4.80% | 12.80x | $12.59 Billion |
| Antalpha Platform Holding Co (ANTA) | $202.32 Million | 9.14% | 10.90x | $210.67 Million |
| Atlanticus Holdings Corporation (ATLC) | $447.87 Million | 1.31% | 0.16x | $958.76 Million |
| American Express Company (AXP) | $15.32 Billion | 19.49% | 10.42x | $219.50 Billion |
| Bread Financial Holdings, Inc. (BFH) | $362.39 Million | -5.88% | 2.92x | $3.31 Billion |
| Credit Acceptance Corporation (CACC) | $248.99 Million | 0.60% | 3.48x | $5.39 Billion |
About Visa Inc. Class A
Visa Inc. operates as a payment technology company in the United States and internationally. The company operates VisaNet, a transaction processing network that enables authorization, clearing, and settlement of payment transactions. It also offers credit, debit, and prepaid card products; tap to pay, tokenization, and click to pay services; Visa Direct, a platform which facilitates money movemen… Read more