Visa (V) Tax Rate (2009 - 2026)
Visa's Tax Rate was 17.64% in fiscal Q3 2026 (quarter ended Jun 30, 2026), up 0.88 percentage points from 16.75% a year earlier and up 1.56 percentage points from the prior quarter.
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Analysis
Visa (V) Tax Rate (2009 - 2026) Analysis & Trends
On a trailing twelve-month basis, Visa's Tax Rate was 16.19% through Jun 30, 2026, down 0.48 percentage points year-over-year; for FY2025 (ended Sep 30, 2025), it came in at 17.10%, down 0.35 percentage points from FY2024.
- Tax Rate shows a five-year change of -4.11 percentage points (FY2020 to FY2025).
- In earlier fiscal years, Tax Rate was 17.45% in FY2024 (-0.44 pp), 17.89% in FY2023 (+0.36 pp), 17.53% in FY2022 (-5.83 pp) and 23.36% in FY2021 (+2.15 pp).
- Quarterly Tax Rate has moved between 10.92% (fiscal Q3 2022) and 19.70% (fiscal Q2 2022) over five years.
- Compared with a year earlier, Tax Rate was higher in four of the last eight quarters, with an average year-over-year change of -0.65 percentage points.
- The best year-over-year quarter for Tax Rate over five years was fiscal Q3 2023 (a gain of 8.32 percentage points); the worst was fiscal Q3 2022 (a drop of 30.41 percentage points).
- Per Business Quant data, V's Tax Rate in the three fiscal quarters before Q3 2026 was 16.07% (Q2 2026), 12.98% (Q1 2026) and 18.21% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Visa | 687.36 Bn | 630.68 Bn | - | 17.64% |
| 2 | Mastercard | 513.04 Bn | 472.96 Bn | - | 20.01% |
| 3 | Wise | 14.65 Bn | 14.65 Bn | - | - |
| 4 | Remitly Global | 5.11 Bn | 2.76 Bn | 307.34 Mn | - |
| 5 | Western Union | 1.91 Bn | -2.11 Bn | 336.50 Mn | 19.60% |
| 6 | International Money Express | 382.67 Mn | -237.48 Mn | - | 34.61% |
| 7 | Currenc | 167.21 Mn | -59.72 Mn | 3.70 Mn | - |
| 8 | Sentage Holdings | 4.88 Mn | 4.88 Mn | - | - |
| 9 | American Express | 208.01 Bn | -160.24 Mn | - | 23.61% |
| 10 | Capital One Financial | 122.27 Bn | 122.27 Bn | - | 20.90% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.64% |
| Mar 31, 2026 | 16.07% |
| Dec 31, 2025 | 12.98% |
| Sep 30, 2025 | 18.21% |
| Jun 30, 2025 | 16.75% |
| Mar 31, 2025 | 15.83% |
| Dec 31, 2024 | 17.44% |
| Sep 30, 2024 | 16.54% |
| Jun 30, 2024 | 18.65% |
| Mar 31, 2024 | 15.42% |
| Dec 31, 2023 | 19.07% |
| Sep 30, 2023 | 16.94% |
| Jun 30, 2023 | 19.24% |
| Mar 31, 2023 | 19.34% |
| Dec 31, 2022 | 16.03% |
| Sep 30, 2022 | 19.06% |
| Jun 30, 2022 | 10.92% |
| Mar 31, 2022 | 19.70% |
| Dec 31, 2021 | 19.15% |
| Sep 30, 2021 | 16.61% |
API Access
Visa Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=V&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "V", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=V&period=max&api_key=YOUR_API_KEY");
const data = await res.json();