As of Q1'26, Visa's EV/EBITDA multiple surged to 100.25, marking a significant jump from the previous quarter's value of 24.15. This latest data point represents an unusually high valuation compared to historical levels in the period covered. From Q2'23 to Q4'25, the EV/EBITDA ratio for Visa generally fluctuated between 19.71 and 25.27, indicating a relatively stable valuation range with minor volatility. However, the sharp spike in Q1'26 stands out as a major outlier, suggesting either a significant change in market expectations, a one-off event, or a potential data anomaly. This abrupt increase contrasts with the preceding quarters' consistent trend and warrants further investigation into the underlying drivers during this period.