Visa annual capital expenditures (capex)
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Visa Capital Expenditures (CapEx) Growth & History (V)
Visa's capital expenditures (capex) was $1.48B for fiscal 2025.
View full Visa company overviewVisa annual capital expenditures (capex) history
| Fiscal year | Period ended | Capital expenditures (CapEx) | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $1.48B | $225.0M | +17.90% |
| 2024 | 2024-09-30 | $1.26B | $198.0M | +18.70% |
| 2023 | 2023-09-30 | $1.06B | $89.0M | +9.18% |
| 2022 | 2022-09-30 | $970.0M | $265.0M | +37.59% |
| 2021 | 2021-09-30 | $705.0M | −$31.0M | −4.21% |
| 2020 | 2020-09-30 | $736.0M | −$20.0M | −2.65% |
| 2019 | 2019-09-30 | $756.0M | $38.0M | +5.29% |
| 2018 | 2018-09-30 | $718.0M | $11.0M | +1.56% |
| 2017 | 2017-09-30 | $707.0M | $184.0M | +35.18% |
| 2016 | 2016-09-30 | $523.0M | $109.0M | +26.33% |
| 2015 | 2015-09-30 | $414.0M | −$139.0M | −25.14% |
| 2014 | 2014-09-30 | $553.0M | $82.0M | +17.41% |
| 2013 | 2013-09-30 | $471.0M | $95.0M | +25.27% |
| 2012 | 2012-09-30 | $376.0M | $23.0M | +6.52% |
| 2011 | 2011-09-30 | $353.0M | $112.0M | +46.47% |
| 2010 | 2010-09-30 | $241.0M | −$65.0M | −21.24% |
| 2009 | 2009-09-30 | $306.0M | −$109.0M | −26.27% |
| 2008 | 2008-09-30 | $415.0M | $255.0M | +159.38% |
| 2007 | 2007-09-30 | $160.0M | — | — |
Visa quarterly capital expenditures (capex)
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| Fiscal quarter | Period ended | Capital expenditures (CapEx) | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $417.0M | −$4.0M | −0.95% |
| Q2 2026 | 2026-03-31 | $383.0M | $56.0M | +17.13% |
| Q1 2026 | 2025-12-31 | $378.0M | $33.0M | +9.57% |
| Q4 2025 | 2025-09-30 | $389.0M | $80.0M | +25.89% |
| Q3 2025 | 2025-06-30 | $421.0M | $21.0M | +5.25% |
| Q2 2025 | 2025-03-31 | $327.0M | $46.0M | +16.37% |
| Q1 2025 | 2024-12-31 | $345.0M | $78.0M | +29.21% |
| Q4 2024 | 2024-09-30 | $309.0M | $4.0M | +1.31% |
| Q3 2024 | 2024-06-30 | $400.0M | $105.0M | +35.59% |
| Q2 2024 | 2024-03-31 | $281.0M | $71.0M | +33.81% |
| Q1 2024 | 2023-12-31 | $267.0M | $18.0M | +7.23% |
| Q4 2023 | 2023-09-30 | $305.0M | $10.0M | +3.39% |
| Q3 2023 | 2023-06-30 | $295.0M | $60.0M | +25.53% |
| Q2 2023 | 2023-03-31 | $210.0M | −$57.0M | −21.35% |
| Q1 2023 | 2022-12-31 | $249.0M | $76.0M | +43.93% |
| Q4 2022 | 2022-09-30 | $295.0M | $87.0M | +41.83% |
| Q3 2022 | 2022-06-30 | $235.0M | $56.0M | +31.28% |
| Q2 2022 | 2022-03-31 | $267.0M | $109.0M | +68.99% |
| Q1 2022 | 2021-12-31 | $173.0M | $13.0M | +8.13% |
| Q4 2021 | 2021-09-30 | $208.0M | $40.0M | +23.81% |
| Q3 2021 | 2021-06-30 | $179.0M | $18.0M | +11.18% |
| Q2 2021 | 2021-03-31 | $158.0M | −$58.0M | −26.85% |
| Q1 2021 | 2020-12-31 | $160.0M | −$31.0M | −16.23% |
| Q4 2020 | 2020-09-30 | $168.0M | −$81.0M | −32.53% |
| Q3 2020 | 2020-06-30 | $161.0M | −$33.0M | −17.01% |
| Q2 2020 | 2020-03-31 | $216.0M | $60.0M | +38.46% |
| Q1 2020 | 2019-12-31 | $191.0M | $34.0M | +21.66% |
| Q4 2019 | 2019-09-30 | $249.0M | $54.0M | +27.69% |
| Q3 2019 | 2019-06-30 | $194.0M | $25.0M | +14.79% |
| Q2 2019 | 2019-03-31 | $156.0M | −$57.0M | −26.76% |
| Q1 2019 | 2018-12-31 | $157.0M | $16.0M | +11.35% |
| Q4 2018 | 2018-09-30 | $195.0M | $0 | 0.00% |
| Q3 2018 | 2018-06-30 | $169.0M | −$26.0M | −13.33% |
| Q2 2018 | 2018-03-31 | $213.0M | $67.0M | +45.89% |
| Q1 2018 | 2017-12-31 | $141.0M | −$30.0M | −17.54% |
| Q4 2017 | 2017-09-30 | $195.0M | $54.0M | +38.30% |
| Q3 2017 | 2017-06-30 | $195.0M | $63.0M | +47.73% |
| Q2 2017 | 2017-03-31 | $146.0M | $22.0M | +17.74% |
| Q1 2017 | 2016-12-31 | $171.0M | $45.0M | +35.71% |
| Q4 2016 | 2016-09-30 | $141.0M | $3.0M | +2.17% |
| Q3 2016 | 2016-06-30 | $132.0M | $58.0M | +78.38% |
| Q2 2016 | 2016-03-31 | $124.0M | $26.0M | +26.53% |
| Q1 2016 | 2015-12-31 | $126.0M | $22.0M | +21.15% |
| Q4 2015 | 2015-09-30 | $138.0M | −$89.0M | −39.21% |
| Q3 2015 | 2015-06-30 | $74.0M | −$35.0M | −32.11% |
| Q2 2015 | 2015-03-31 | $98.0M | $1.0M | +1.03% |
| Q1 2015 | 2014-12-31 | $104.0M | −$16.0M | −13.33% |
| Q4 2014 | 2014-09-30 | $227.0M | $89.0M | +64.49% |
| Q3 2014 | 2014-06-30 | $109.0M | −$13.0M | −10.66% |
| Q2 2014 | 2014-03-31 | $97.0M | −$14.0M | −12.61% |
| Q1 2014 | 2013-12-31 | $120.0M | $20.0M | +20.00% |
| Q4 2013 | 2013-09-30 | $138.0M | $32.0M | +30.19% |
| Q3 2013 | 2013-06-30 | $122.0M | $14.0M | +12.96% |
| Q2 2013 | 2013-03-31 | $111.0M | $50.0M | +81.97% |
| Q1 2013 | 2012-12-31 | $100.0M | −$1.0M | −0.99% |
| Q4 2012 | 2012-09-30 | $106.0M | −$11.0M | −9.40% |
| Q3 2012 | 2012-06-30 | $108.0M | $19.0M | +21.35% |
| Q2 2012 | 2012-03-31 | $61.0M | −$11.0M | −15.28% |
| Q1 2012 | 2011-12-31 | $101.0M | $26.0M | +34.67% |
| Q4 2011 | 2011-09-30 | $117.0M | $20.0M | +20.62% |
| Q3 2011 | 2011-06-30 | $89.0M | $24.0M | +36.92% |
| Q2 2011 | 2011-03-31 | $72.0M | $30.0M | +71.43% |
| Q1 2011 | 2010-12-31 | $75.0M | $38.0M | +102.70% |
| Q4 2010 | 2010-09-30 | $97.0M | −$4.0M | −3.96% |
| Q3 2010 | 2010-06-30 | $65.0M | −$4.0M | −5.80% |
| Q2 2010 | 2010-03-31 | $42.0M | −$26.0M | −38.24% |
| Q1 2010 | 2009-12-31 | $37.0M | −$31.0M | −45.59% |
| Q4 2009 | 2009-09-30 | $101.0M | — | — |
| Q3 2009 | 2009-06-30 | $69.0M | — | — |
| Q2 2009 | 2009-03-31 | $68.0M | — | — |
| Q1 2009 | 2008-12-31 | $68.0M | — | — |
Visa capital expenditures (capex) trends
Over the last five fiscal years, Visa's capital expenditures (capex) increased from $736.0M to $1.48B, a change of $746.0M. The latest reported quarter, Q3 2026, shows $417.0M.
About the metric
What capital expenditures (CapEx) mean
Capital expenditures, commonly called CapEx, are cash investments in long-lived assets such as property, plants, equipment, infrastructure, and productive software. CapEx can support future growth or maintain existing operations, but it reduces current-period free cash flow.
Calculation and source
SEC-reported capital expenditures
TickerStat standardizes cash payments for property, plant, equipment, and other productive assets reported in company SEC filings. When a filer reports separate qualifying CapEx components instead of a total, those components are combined for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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