Visa (V) Other Working Capital Changes (2009 - 2026)
Visa (V) reported Other Working Capital Changes of $1.9 billion for Q1 2026, up 383.59% on a YoY basis from $390.0 million in Q1 2025, and up 5488.57% quarter-over-quarter from -$35.0 million in Q4 2025.
Visa (V) Other Working Capital Changes (2009 - 2026) Analysis & Trends
Visa has reported Other Working Capital Changes for 18 years, with the latest figure at $1.9 billion in Q1 2026.
- For the quarter ending Q1 2026, Other Working Capital Changes rose 383.59% year-over-year to $1.9 billion; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (up 278.59% YoY), and the FY2025 full-year result was -$160.0 million, down 180.4% from the prior year.
- Other Working Capital Changes for Q1 2026 stood at $1.9 billion, up from -$35.0 million in the prior quarter.
- The five-year high for Other Working Capital Changes was $1.9 billion in Q1 2026, with the low at -$382.0 million in Q2 2025.
- Historically, Other Working Capital Changes has averaged $142.2 million across 5 years, with a median of $26.0 million in 2024.
- Annual changes were most pronounced in 2022 — Other Working Capital Changes surged 1341.18% — and 2025, when it sank 784.62%.
- Visa's Other Working Capital Changes stood at -$160.0 million in 2022, then jumped by 227.5% to $204.0 million in 2023, then sank by 95.1% to $10.0 million in 2024, then slumped by 450.0% to -$35.0 million in 2025, then surged by 5488.57% to $1.9 billion in 2026.
- The last three Other Working Capital Changes figures came in at $1.9 billion (Q1 2026), -$35.0 million (Q4 2025), and -$178.0 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Visa | 541.66 Bn | 529.25 Bn | - |
| 2 | Mastercard | 437.55 Bn | 427.34 Bn | - |
| 3 | American Express | 212.80 Bn | 158.76 Bn | 17.43 Bn |
| 4 | Capital One Financial | 112.47 Bn | 35.97 Bn | - |
| 5 | PayPal Holdings | 37.70 Bn | 28.36 Bn | 7.84 Bn |
| 6 | Synchrony Financial | 24.26 Bn | 3.70 Bn | - |
| 7 | Affirm Holdings | 21.24 Bn | 19.51 Bn | 261.64 Mn |
| 8 | SoFi Technologies | 20.46 Bn | 17.06 Bn | 929.25 Mn |
| 9 | Ally Financial | 13.30 Bn | 12.86 Bn | 1.98 Bn |
| 10 | Credit Acceptance | 6.24 Bn | 6.21 Bn | 562.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.89 Bn |
| Mar 31, 2026 | 1.89 Bn |
| Dec 31, 2025 | -35.00 Mn |
| Dec 31, 2025 | -35.00 Mn |
| Sep 30, 2025 | -178.00 Mn |
| Sep 30, 2025 | -178.00 Mn |
| Jun 30, 2025 | -382.00 Mn |
| Jun 30, 2025 | -382.00 Mn |
| Mar 31, 2025 | 390.00 Mn |
| Mar 31, 2025 | 390.00 Mn |
| Dec 31, 2024 | 10.00 Mn |
| Dec 31, 2024 | 10.00 Mn |
| Sep 30, 2024 | 26.00 Mn |
| Sep 30, 2024 | 26.00 Mn |
| Jun 30, 2024 | -85.00 Mn |
| Jun 30, 2024 | -85.00 Mn |
| Mar 31, 2024 | 54.00 Mn |
| Mar 31, 2024 | 54.00 Mn |
| Dec 31, 2023 | 204.00 Mn |
| Dec 31, 2023 | 204.00 Mn |