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Visa (V) Operating Expenses (2016 - 2025)

Visa's Operating Expenses history spans 17 years, with the latest figure at $4.2 billion for Q4 2025.

  • For Q4 2025, Operating Expenses rose 27.11% year-over-year to $4.2 billion; the TTM value through Dec 2025 reached $16.9 billion, up 30.69%, while the annual FY2025 figure was $16.0 billion, 29.8% up from the prior year.
  • Operating Expenses reached $4.2 billion in Q4 2025 per V's latest filing, down from $4.6 billion in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $4.6 billion in Q3 2025 to a low of $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.
  • Peak YoY movement for Operating Expenses: surged 51.36% in 2022, then dropped 5.83% in 2023.
  • A 5-year view of Operating Expenses shows it 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.
  • Per Business Quant, the three most recent readings for V's Operating Expenses are $4.2 billion (Q4 2025), $4.6 billion (Q3 2025), and $4.0 billion (Q2 2025).