Visa (V) Operating Expenses (2009 - 2026)

Visa (V) has reported Operating Expenses for 18 consecutive years, with $4.0 billion the latest figure, recorded in Q1 2026.

• Operating Expenses for Q1 2026 came in at $4.0 billion, down 3.92% year-over-year; the trailing twelve-month figure through Mar 2026 was $16.7 billion (up 22.44% YoY), and the FY2025 annual result was $16.0 billion, up 29.8% from the prior year.
• Operating Expenses was $4.0 billion for Q1 2026 at Visa, down from $4.2 billion in the prior quarter.
• Over five years, Operating Expenses peaked at $4.6 billion in Q3 2025 and troughed at $2.4 billion in Q1 2022.
• Average Operating Expenses over 5 years is $3.3 billion, with a median of $3.1 billion recorded in 2022.
• Year-over-year, Operating Expenses soared 51.36% in 2022 and decreased 5.83% in 2023.
• Over 5 years, Operating Expenses stood at $2.8 billion in 2022, then decreased by 5.83% to $2.7 billion in 2023, then advanced by 22.24% to $3.3 billion in 2024, then increased by 27.11% to $4.2 billion in 2025, then slipped by 4.03% to $4.0 billion in 2026.
• Per Business Quant data, the three most recent Operating Expenses figures were $4.0 billion in Q1 2026, $4.2 billion in Q4 2025, and $4.6 billion in Q3 2025.