Visa vs Block
Visa is the larger business, with $40.00bn of revenue in fiscal 2025 against $24.19bn for Block (1.7 times as much). Visa grew faster (11.3% against 0.3%). Visa kept more of each dollar of sales as profit: a net margin of 50.1% against 5.4%.
| Latest fiscal year | VisaV, 2025 | BlockXYZ, 2025 |
|---|---|---|
| Revenue | $40.00bn | $24.19bn |
| Revenue growth | 11.3% | 0.3% |
| Net income | $20.06bn | $1.31bn |
| Operating margin | — | — |
| Net margin | 50.1% | 5.4% |
| Return on equity | 52.1% | 6.0% |
| Free cash flow | $21.58bn | $2.42bn |
| Cash | $17.16bn | $6.56bn |
| Total debt | $25.39bn | $7.35bn |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | 0.7% | — |
| Share buybacks | $18.32bn | $2.33bn |
| Employees | 26,000 | 10,205 |
| Market value | $717.18bn | $46.33bn |
| Price vs our value range | Within our value range | Above our value range |
| Moat score | 95 (Strong) | 47 (Moderate) |
| Insider trades, 12 months | 0 buys, 25 sales | 0 buys, 149 sales |