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
DateValue
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