Annual market cap and P/E ratio of Visa 2008-2024
Visa's valuation multiple picked up in 2024 after the company's market cap recovered from a decline since 2020. This is according to a historical timeline of Visa's market capitalization and price-to-earnings, or P/E, ratio. The global card network consistently reached double-digit P/E ratios - meaning Visa's stock price was relatively high compared to its actual earnings. Indeed, investors held so much faith in Visa, that it ranked as the world's largest fintech company based on market cap.