Visa Has Grown Earnings per Share by 17% a Year for a Decade. Can the Stock Keep Compounding?

Visa has delivered impressive 17.4% annualized EPS growth over the past decade, driving a 459% total stock return. While analysts expect continued double-digit EPS growth over the next three years and the company has only captured half its addressable market, investors should temper expectations as growth will moderate. The stock's forward P/E ratio of 27.5 raises valuation concerns despite strong fundamentals and innovation in value-added services and stablecoins.