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Visa (V) Operating Expenses (2016 - 2025)

Visa (V) has disclosed Operating Expenses for 17 consecutive years, with $4.2 billion as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Expenses rose 27.11% year-over-year to $4.2 billion, compared with a TTM value of $16.9 billion through Dec 2025, up 30.69%, and an annual FY2025 reading of $16.0 billion, up 29.8% over the prior year.
  • Operating Expenses was $4.2 billion for Q4 2025 at Visa, down from $4.6 billion in the prior quarter.
  • Across five years, Operating Expenses topped out at $4.6 billion in Q3 2025 and bottomed at $2.1 billion in Q2 2021.
  • Average Operating Expenses over 5 years is $3.1 billion, with a median of $3.0 billion recorded in 2023.
  • The sharpest move saw Operating Expenses surged 51.36% in 2022, then dropped 5.83% in 2023.
  • Year by year, Operating Expenses stood at $2.3 billion in 2021, then increased by 24.66% to $2.8 billion in 2022, then dropped by 5.83% to $2.7 billion in 2023, then grew by 22.24% to $3.3 billion in 2024, then grew by 27.11% to $4.2 billion in 2025.
  • Business Quant data shows Operating Expenses for V at $4.2 billion in Q4 2025, $4.6 billion in Q3 2025, and $4.0 billion in Q2 2025.