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Visa (V) Operating Expenses (2016 - 2026)

Visa filings provide 18 years of Operating Expenses readings, the most recent being $4.0 billion for Q1 2026.

  • On a quarterly basis, Operating Expenses fell 3.92% to $4.0 billion in Q1 2026 year-over-year; TTM through Mar 2026 was $16.7 billion, a 22.44% increase, with the full-year FY2025 number at $16.0 billion, up 29.8% from a year prior.
  • Operating Expenses hit $4.0 billion in Q1 2026 for Visa, down from $4.2 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 $2.4 billion in Q1 2022.
  • Median Operating Expenses over the past 5 years was $3.1 billion (2022), compared with a mean of $3.3 billion.
  • Biggest five-year swings in Operating Expenses: soared 51.36% in 2022 and later decreased 5.83% in 2023.
  • Visa's Operating Expenses stood at $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, then decreased by 4.03% to $4.0 billion in 2026.
  • The last three reported values for Operating Expenses were $4.0 billion (Q1 2026), $4.2 billion (Q4 2025), and $4.6 billion (Q3 2025) per Business Quant data.