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| Date | Value |
|---|---|
| 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 |