A Brief Valuation of VISA Inc. (V:NYSE)

Published in Equity Research, 2026

A 6-week long project that started off with tons of reading, mainly, 10-K filings, earning call transcripts, and other investor relations information. Followed by laborious Excel inputting of key financial data, like the income statement for all 10 years, 2016-2025. After this, the main valuation was undergone where I often questioned if I was evenly constructing it correctly, made evident by numerous errors. Frustration lead me to take a two-day break, during which, I consulted with a good and very successful friend of mine with coffee. This chat gave me the inspiration to jump back into the project, finish the valuation, cross-reference my work, and then write the report on Substack with Python by my side to generate visuals. Hopefully the beginning of many equity reports to come!

Full appendix at the bottom of the pdf, for the full Excel project file, please email me!

Recommended citation: Russell Lopez. (2026). "A brief valuation of VISA Inc. (V:NYSE)".
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