COMP <GO>

V vs MA // FORWARD P/E MULTIPLE

Visa Inc. (NYSE) VS. Mastercard Incorporated (NYSE) • 15-METRIC TALLY: V 7 — MA 7

▲ FORWARD P/E MULTIPLE LEADER: MA

LAST: $413.59 (+0.74%) • MKT CAP: $733.53B

forward-pe

34.0x

LAST: $638.01 (+0.36%) • MKT CAP: $556.88B

forward-pe

31.2x

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (V VS. MA) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	V	MA	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	41.00%	41.00%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	32.30%	33.50%	-1.20	MA	/roic <GO>
EV/EBITDA & P/E Valuation	28.9x	29.2x	-0.30	V	/valuation <GO>
Free Cash Flow Yield	2.90%	3.08%	-0.18	MA	/fcf-yield <GO>
Operating Margin	60.00%	57.60%	+2.40	V	/operating-margins <GO>
Net Profit Margin	50.10%	45.60%	+4.50	V	/net-margins <GO>
Revenue Growth (YoY)	11.30%	16.40%	-5.10	MA	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.63%	0.49%	+0.14	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	9.09	11.17	-2.08	MA	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	8/9	+1.00	V	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	7.10%	6.60%	+0.50	MA	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	69.4	70.6	-1.20	MA	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	1.06	0.90	+0.16	V	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	34.0x	31.2x	+2.80	MA	/forward-pe <GO>
Enterprise Scale & Market Cap	$733.53B	$556.88B	$176.65B	V	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	V REV	MA REV	V GROSS %	MA GROSS %	V FCF	MA FCF
FY 2025	$40.00B	$32.79B	44.0%	44.0%	$21.26B	$17.16B
FY 2024	$35.93B	$28.17B	44.0%	44.0%	$18.33B	$14.31B
FY 2023	$32.65B	$25.10B	44.0%	44.0%	$19.29B	$10.85B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

V // BETA 1.06

MA // BETA 0.90