Paper or plastic? [f500link]Visa[/f500link], 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 [f500link]Apple[/f500link], [f500link]Google[/f500link], and [f500link]Intel[/f500link] 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|