Scene 1 (0s)
[Audio] Slide 1: VISA."Welcome everyone. Today, we're diving into a growth analysis for Visa, looking at their global payments strategy and market projections through 2030, with data updated as of February 2026..
Scene 2 (17s)
[Audio] Slide 2: Core Strategic Pillars. "Visa's future growth is built on three core pillars. First, the Network of Networks, where they are expanding beyond traditional card rails into B2B, G2C, and P2P payments through Visa Direct and B2B Connect. Second, Value-Added Services like cybersecurity and consulting are driving high-margin revenue. Finally, Tech Innovation remains central, with AI already preventing over $27 billion in annual fraud and optimizing real-time settlement.".
Scene 3 (57s)
[Audio] Slide 3: Revenue Proportions (FY2025)."When we look at the 2025 fiscal year revenue proportions, international transactions remain a critical focus. They continue to provide the highest margin contribution due to the unique fee structures associated with cross-border payments.".
Scene 4 (1m 18s)
[Audio] Slide 4: Historical Efficiency & Liquidity "Visa's financial health is exceptional. Between 2021 and 2025, we've seen Return on Invested Capital (ROIC) climb from 21.3% to a massive 34.8%. During that same period, Free Cash Flow grew to over $21 billion, and they have successfully reduced their diluted shares from 2.44 billion to 2.10 billion.".
Scene 5 (1m 50s)
[Audio] Slide 5: Scenario & Valuation Overview "Looking ahead, we've projected financial outcomes through 2030 based on three distinct paths: a Bull Case, a Base Case, and a Bear Case, each driven by different market catalysts.".
Scene 6 (2m 8s)
[Audio] Slide 6: Bull Case Scenario (High) In our Bull Case, we assume Value-Added Services and B2B flows accelerate significantly via AI, justifying a premium 33.0x P/E multiplier. Under this scenario of 18% annual growth, we project a price of over $820 by 2030, which would be a total return of nearly 155%.".
Scene 7 (2m 37s)
[Audio] Slide 7: Base Case Scenario (Median) "Our Base Case—the most likely outcome—assumes consistent 13% growth supported by ongoing buybacks and a 28.0x P/E multiplier. This leads to a projected price of roughly $586 by 2030, representing an 82% total return.".
Scene 8 (3m 3s)
[Audio] Slide 8: Bear Case Scenario (Low) "In the Bear Case, we account for potential risks like regulatory scrutiny or competition from Real-Time Payment (RTP) systems slowing growth to 8%. Even here, with a lower 24.0x multiplier, we see a projected price of approximately $418 and a positive 30% return over the next several years.".
Scene 9 (3m 32s)
[Audio] Slide 9: Shareholder Yield Engine "Supporting all these scenarios is Visa's 'Shareholder Yield Engine.' In 2025 alone, they repurchased $18.4 billion in shares. Since 2021, they've retired nearly 150 million shares, which provides a synthetic floor for EPS growth, even if revenue cycles are only moderate.".
Scene 10 (3m 59s)
[Audio] Slide 10: Investment Summary "To conclude, we maintain a BUY RATING with a 2030 target price of $586 in our base case. Visa is the premier 'Steady Compounder' in the financial ecosystem. With an elite ROIC of 34% and a massive network moat, any valuation pull-back should be seen as a strategic opportunity to accumulate shares.".