Visa (V) Accumulated Expenses (2009 - 2026)
Visa's Accumulated Expenses was $5.53 billion in fiscal Q4 2026 (quarter ended Sep 30, 2026), up 1.1% from $5.47 billion a year earlier and up 2.1% from the prior quarter.
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Analysis
Visa (V) Accumulated Expenses (2009 - 2026) Analysis & Trends
From fiscal Q3 2009 onward, Visa has reported Accumulated Expenses for 70 quarters.
- Accumulated Expenses shows a five-year compound annual growth rate of 18.8% (FY2021 to FY2026).
- In earlier fiscal years, Accumulated Expenses was $5.47 billion in FY2025 (+11.3%), $4.91 billion in FY2024 (-2.1%), $5.02 billion in FY2023 (+34.6%) and $3.73 billion in FY2022 (+59.6%).
- Quarterly Accumulated Expenses has moved between $2.97 billion (fiscal Q1 2022) and $5.67 billion (fiscal Q2 2026) over five years.
- Compared with a year earlier, Accumulated Expenses has increased for seven straight quarters, with growth averaging 8.3% over the last eight quarters.
- The best year-over-year quarter for Accumulated Expenses over five years was fiscal Q4 2022 (growth of 59.6%); the worst was fiscal Q1 2025 (a decline of 7.6%).
- Per Business Quant data, V's Accumulated Expenses in the three fiscal quarters before Q4 2026 was $5.41 billion (Q3 2026), $5.67 billion (Q2 2026) and $5.58 billion (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Visa | 691.47 Bn | 691.47 Bn | - |
| 2 | Mastercard | 563.07 Bn | 563.07 Bn | - |
| 3 | Wise | 10.86 Bn | 10.86 Bn | - |
| 4 | Remitly Global | 5.06 Bn | 2.72 Bn | 307.34 Mn |
| 5 | Western Union | 1.91 Bn | -2.10 Bn | 336.50 Mn |
| 6 | International Money Express | 273.40 Mn | -346.75 Mn | - |
| 7 | Currenc | 131.25 Mn | -120.04 Mn | 3.70 Mn |
| 8 | Sentage Holdings | 4.77 Mn | 689,111.05 | - |
| 9 | American Express | 214.16 Bn | 13.64 Bn | - |
| 10 | Capital One Financial | 126.74 Bn | 126.74 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 5.53 Bn |
| Jun 30, 2026 | 5.41 Bn |
| Mar 31, 2026 | 5.67 Bn |
| Dec 31, 2025 | 5.58 Bn |
| Sep 30, 2025 | 5.47 Bn |
| Jun 30, 2025 | 4.91 Bn |
| Mar 31, 2025 | 4.51 Bn |
| Dec 31, 2024 | 4.69 Bn |
| Sep 30, 2024 | 4.91 Bn |
| Jun 30, 2024 | 4.73 Bn |
| Mar 31, 2024 | 4.39 Bn |
| Dec 31, 2023 | 5.08 Bn |
| Sep 30, 2023 | 5.02 Bn |
| Jun 30, 2023 | 4.08 Bn |
| Mar 31, 2023 | 3.63 Bn |
| Dec 31, 2022 | 3.94 Bn |
| Sep 30, 2022 | 3.73 Bn |
| Jun 30, 2022 | 3.30 Bn |
| Mar 31, 2022 | 3.17 Bn |
| Dec 31, 2021 | 2.97 Bn |
API Access
Visa Accumulated Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=V&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "accumulated-expenses", "ticker": "V", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=accumulated-expenses&ticker=V&period=max&api_key=YOUR_API_KEY");
const data = await res.json();