Visa (V) Operating Expenses (2009 - 2026)

Visa has reported Operating Expenses for 18 years, with the latest figure at $4.0 billion in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses fell 3.92% year-over-year to $4.0 billion; the trailing twelve-month figure through Mar 2026 stood at $16.7 billion (up 22.44% YoY), and the FY2025 full-year result was $16.0 billion, up 29.8% from the prior year.
• Operating Expenses for Q1 2026 stood at $4.0 billion, down from $4.2 billion in the prior quarter.
• The five-year high for Operating Expenses was $4.6 billion in Q3 2025, with the low at $2.4 billion in Q1 2022.
• Historically, Operating Expenses has averaged $3.3 billion across 5 years, with a median of $3.1 billion in 2022.
• Annual changes were most pronounced in 2022 — Operating Expenses jumped 51.36% — and 2023, when it fell 5.83%.
• Visa's Operating Expenses stood at $2.8 billion in 2022, then declined by 5.83% to $2.7 billion in 2023, then increased by 22.24% to $3.3 billion in 2024, then advanced by 27.11% to $4.2 billion in 2025, then fell by 4.03% to $4.0 billion in 2026.
• The last three Operating Expenses figures came in at $4.0 billion (Q1 2026), $4.2 billion (Q4 2025), and $4.6 billion (Q3 2025), per Business Quant data.