Fiserv vs Visa
Add, change or remove companies; up to four.
The short version
- Visa is the larger business, with $40.0B of revenue in fiscal 2025 against $21.2B for Fiserv, about 1.9 times as much.
- Visa grew revenue faster (11.3%, against 3.6%).
- Visa kept more of each dollar of sales as operating profit (60.0% operating margin, against 27.5%).
- Visa turned more of its sales into free cash flow (53.9% FCF margin, against 20.3%).
- Visa earned a higher return on the capital invested in it (42.4%, against 9.0%).
| Latest fiscal year | FISV · FY25 | V · FY25 |
|---|---|---|
| Size | ||
| Market cap | $26.6B | — |
| Revenue | $21.2B | $40.0B |
| Free cash flow | $4.3B | $21.6B |
| Net income | $3.5B | $20.1B |
| Growth | ||
| Revenue growth | 3.6% | 11.3% |
| 5-year growth | 7.4% | 12.9% |
| Share count change | −5.7% | — |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | 27.5% | 60.0% |
| Net margin | 16.4% | 50.1% |
| FCF margin | 20.3% | 53.9% |
| Return on capital | 9.0% | 42.4% |
| Return on equity | 13.2% | 52.1% |
| Balance sheet | ||
| Net debt | $28.2B | $8.0B |
| Net debt / EBITDA | 3.2x | 0.3x |
| Dividends and buybacks | $0.0M | $23.0B |
| Valuation & quality | ||
| P/E | 9.6x | — |
| Piotroski F-score | 6 | — |
Revenue
FY16
FISV $5.5B
V $15.1B
FY17
FISV $5.7B
V $18.4B
FY18
FISV $5.8B
V $20.6B
FY19
FISV $10.2B
V $23.0B
FY20
FISV $14.9B
V $21.8B
FY21
FISV $16.2B
V $24.1B
FY22
FISV $17.7B
V $29.3B
FY23
FISV $19.1B
V $32.7B
FY24
FISV $20.5B
V $35.9B
FY25
FISV $21.2B
V $40.0B
FISV
V
Operating margin
FY16
FISV 26.3%
V 52.3%
FY17
FISV 26.9%
V 66.2%
FY18
FISV 30.1%
V 62.9%
FY19
FISV 15.8%
V 65.3%
FY20
FISV 12.5%
V 64.5%
FY21
FISV 14.1%
V 65.6%
FY22
FISV 21.1%
V 64.2%
FY23
FISV 26.3%
V 64.3%
FY24
FISV 28.7%
V 65.7%
FY25
FISV 27.5%
V 60.0%
FISV
V
Free cash flow
FY16
FISV $1.1B
V $5.1B
FY17
FISV $1.2B
V $8.6B
FY18
FISV $1.2B
V $12.2B
FY19
FISV $2.1B
V $12.0B
FY20
FISV $3.2B
V $9.7B
FY21
FISV $2.9B
V $14.5B
FY22
FISV $3.1B
V $17.9B
FY23
FISV $3.8B
V $19.7B
FY24
FISV $5.1B
V $18.7B
FY25
FISV $4.3B
V $21.6B
FISV
V
Return on capital
FY16
FISV —
V 17.0%
FY17
FISV —
V 16.8%
FY18
FISV —
V 26.5%
FY19
FISV —
V 31.0%
FY20
FISV 2.8%
V 27.8%
FY21
FISV 3.4%
V —
FY22
FISV 5.8%
V —
FY23
FISV 7.7%
V 40.5%
FY24
FISV 9.7%
V 42.9%
FY25
FISV 9.0%
V 42.4%
FISV
V
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.