Side by sideVisa (V) and Amex (AXP)Memos of October 10, 2026 and October 13, 2026
Visa vs Amex stock: the numbers side by side (October 2026)
How do Visa and Amex compare?
| Visa V | Amex AXP | |
|---|---|---|
| Revenue growth | 11.3%Year to Sep 2025 | 9.5%2025 |
| Free cash flow | 21,577US$ millions · Year to Sep 2025 | 16,002US$ millions · 2025 |
| Free cash flow yield | 3.1%Today (Oct 9, 2026) | 7.6%Today (Oct 13, 2026) |
| Dividend yield | 0.7%Today (Oct 9, 2026) | 1.2%Today (Oct 13, 2026) |
| P/E, last 12 months | 31.9xToday (Oct 9, 2026) | 18.9xToday (Oct 13, 2026) |
| P/E, next 12 months | 25.0xToday (Oct 9, 2026) | 15.5xToday (Oct 13, 2026) |
| Weighted price forecast, about 1 year | 447.86 (+20 %)October 2027 | 359.41 (+17%)October 2027 |
| Weighted price forecast, about 3 years | 537.65 (+46 %)October 2029 | 432.19 (+43%)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Visa | The higher figure |
| Free cash flow | Visa | The higher figure |
| Free cash flow yield | Amex | The higher figure |
| Dividend yield | Amex | The higher figure |
| P/E, last 12 months | Amex | The lower figure |
| P/E, next 12 months | Amex | The lower figure |
| Weighted price forecast, about 1 year | Visa | The higher weighted return |
| Weighted price forecast, about 3 years | Visa | The higher weighted return |
What does each company do?
Visa connects cardholders, merchants, and their banks to authorize, clear, and settle payments: approve a payment, pass its details along, and transfer the money.
Visa (V), from our memo of October 10, 2026 · Visa stock forecast
American Express sells payment cards, credit and membership services to consumers and businesses, and connects cardholders with merchants.
Amex (AXP), from our memo of October 13, 2026 · Amex stock forecast