Paper or plastic? Visa, the world’s largest payments processor, favors the latter. As consumers have ditched cash for credit cards, the Foster City, Calif., company’s market cap has swelled to just under $250 billion from around $95 billion in five years. Visa has remained nimble over that span, striking partnerships with tech giants like Apple, Google, and Intel on payment apps and hardware. Last June the company extended its global reach by plunking down $23 billion for Visa Europe, a separate business it operates now as a subsidiary. Eyeing the future, the company has placed a bet on Chain, a blockchain startup that’s looking to overhaul financial record keeping.
Financial Data Services
Alfred F. Kelly Jr.
San Francisco, Calif.
|Revenues ($M) (Past 12 Months)||$17,764|
|Profits ($M) (Past 12 Months)||$6,490|
|Market Value as of Oct. 9, 2017 ($M)||$244,707|