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Visa Seasonality

Historical month-by-month and year-by-year returns

Based on 19 calendar years of monthly closes, starting 2008.

By Month

MonthAverageMedian% PositiveBestWorst
January+0.7%+0.8%50%+10.8%11.6%
February+3.6%+4.3%67%+15.6%8.6%
March0.1%+0.2%50%+7.1%11.4%
April+4.9%+3.2%68%+33.8%6.1%
May+0.8%+3.0%63%+9.2%19.7%
June0.2%1.5%42%+7.6%8.0%
July+2.5%+3.2%79%+12.2%10.1%
August+1.5%+2.3%65%+11.3%7.0%
September1.8%2.4%39%+9.6%19.1%
October+3.0%+3.7%67%+16.6%9.8%
November+2.8%+3.3%72%+15.8%8.5%
December+1.9%+1.3%72%+11.8%6.9%

By Calendar Year

YearReturn
2025+11.0%
2024+21.4%
2023+25.3%
20224.1%
20210.9%
2020+16.4%
2019+42.4%
2018+15.7%
2017+46.1%
2016+0.6%
2015+18.3%
2014+17.7%
2013+46.9%
2012+49.3%
2011+44.3%
201019.5%
2009+66.7%

These are historical patterns, not a forecast — past calendar-month performance does not predict future returns.