Visa (V) Research & Development (2009 - 2026)

Visa posted quarterly Research & Development of $260.0 million for Q1 2026, up 16.07% year-on-year from $224.0 million in Q1 2025, and up 11.59% on a QoQ basis from $233.0 million in Q4 2025.

Visa (V) Research & Development (2009 - 2026) Analysis & Trends

Visa (V) has 18 years of Research & Development data on file, last reported at $260.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 16.07% year-over-year to $260.0 million; the trailing twelve-month figure through Mar 2026 stood at $956.0 million (up 13.95% YoY), and the FY2025 full-year result was $894.0 million, up 14.91% from the prior year.
  • Research & Development for Q1 2026 stood at $260.0 million, up from $233.0 million in the prior quarter.
  • Across five years, Research & Development topped out at $260.0 million in Q1 2026 and bottomed at $178.0 million in Q2 2022.
  • The 5-year median for Research & Development is $197.0 million (2023), against an average of $203.2 million.
  • The widest annual swing landed in 2022, when Research & Development declined 6.32%; it then gained 18.52% in 2025.
  • A 5-year view of Research & Development shows it stood at $178.0 million in 2022, then climbed by 1.69% to $181.0 million in 2023, then climbed by 14.36% to $207.0 million in 2024, then climbed by 12.56% to $233.0 million in 2025, then increased by 11.59% to $260.0 million in 2026.
  • The last three Research & Development figures came in at $260.0 million (Q1 2026), $233.0 million (Q4 2025), and $239.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Visa 539.53 Bn 527.13 Bn - 260.00 Mn
2 Mastercard 441.81 Bn 431.60 Bn - -
3 American Express 215.01 Bn 160.96 Bn 17.43 Bn 1.59 Bn
4 Capital One Financial 114.99 Bn 38.50 Bn - 496.00 Mn
5 PayPal Holdings 41.29 Bn 31.95 Bn 7.84 Bn 793.00 Mn
6 Affirm Holdings 24.62 Bn 22.89 Bn 261.64 Mn -
7 Synchrony Financial 24.22 Bn 3.66 Bn - 262.00 Mn
8 SoFi Technologies 23.71 Bn 20.31 Bn 929.25 Mn 187.68 Mn
9 Ally Financial 13.13 Bn 12.69 Bn 1.98 Bn -
10 Credit Acceptance 6.46 Bn 6.44 Bn 562.70 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 260.00 Mn
Dec 31, 2025 233.00 Mn
Sep 30, 2025 239.00 Mn
Jun 30, 2025 224.00 Mn
Mar 31, 2025 224.00 Mn
Dec 31, 2024 207.00 Mn
Sep 30, 2024 208.00 Mn
Jun 30, 2024 200.00 Mn
Mar 31, 2024 189.00 Mn
Dec 31, 2023 181.00 Mn
Sep 30, 2023 197.00 Mn
Jun 30, 2023 182.00 Mn
Mar 31, 2023 179.00 Mn
Dec 31, 2022 178.00 Mn
Sep 30, 2022 185.00 Mn
Jun 30, 2022 178.00 Mn
Mar 31, 2022 190.00 Mn
Dec 31, 2021 190.00 Mn
Sep 30, 2021 192.00 Mn
Jun 30, 2021 186.00 Mn