Visa annual operating expenses
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Visa Operating Expenses Growth & History (V)
Visa's operating expenses was $16.01B for fiscal 2025.
View full Visa company overviewVisa annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-09-30 | $16.01B | $3.67B | +29.80% |
| 2024 | 2024-09-30 | $12.33B | $678.0M | +5.82% |
| 2023 | 2023-09-30 | $11.65B | $1.16B | +11.01% |
| 2022 | 2022-09-30 | $10.50B | $2.20B | +26.45% |
| 2021 | 2021-09-30 | $8.30B | $536.0M | +6.90% |
| 2020 | 2020-09-30 | $7.76B | −$211.0M | −2.65% |
| 2019 | 2019-09-30 | $7.98B | $321.0M | +4.19% |
| 2018 | 2018-09-30 | $7.66B | $1.44B | +23.19% |
| 2017 | 2017-09-30 | $6.21B | −$985.0M | −13.68% |
| 2016 | 2016-09-30 | $7.20B | $2.38B | +49.48% |
| 2015 | 2015-09-30 | $4.82B | −$189.0M | −3.78% |
| 2014 | 2014-09-30 | $5.00B | $466.0M | +10.27% |
| 2013 | 2013-09-30 | $4.54B | −$3.74B | −45.19% |
| 2012 | 2012-09-30 | $8.28B | $4.55B | +121.92% |
| 2011 | 2011-09-30 | $3.73B | $256.0M | +7.36% |
| 2010 | 2010-09-30 | $3.48B | $103.0M | +3.05% |
| 2009 | 2009-09-30 | $3.37B | −$1.66B | −32.96% |
| 2008 | 2008-09-30 | $5.03B | −$8.0M | −0.16% |
| 2007 | 2007-09-30 | $5.04B | — | — |
Visa quarterly operating expenses
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Q3.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q3 2026 | 2026-06-30 | $1.76B | −$2.23B | −55.82% |
| Q2 2026 | 2026-03-31 | $4.00B | −$163.0M | −3.92% |
| Q1 2026 | 2025-12-31 | $4.16B | $888.0M | +27.11% |
| Q4 2025 | 2025-09-30 | $4.58B | $1.31B | +40.02% |
| Q3 2025 | 2025-06-30 | $4.00B | $1.03B | +34.88% |
| Q2 2025 | 2025-03-31 | $4.16B | $738.0M | +21.57% |
| Q1 2025 | 2024-12-31 | $3.28B | $596.0M | +22.24% |
| Q4 2024 | 2024-09-30 | $3.27B | $209.0M | +6.83% |
| Q3 2024 | 2024-06-30 | $2.96B | −$137.0M | −4.42% |
| Q2 2024 | 2024-03-31 | $3.42B | $772.0M | +29.14% |
| Q1 2024 | 2023-12-31 | $2.68B | −$166.0M | −5.83% |
| Q4 2023 | 2023-09-30 | $3.06B | $359.0M | +13.30% |
| Q3 2023 | 2023-06-30 | $3.10B | −$28.0M | −0.90% |
| Q2 2023 | 2023-03-31 | $2.65B | $262.0M | +10.98% |
| Q1 2023 | 2022-12-31 | $2.85B | $563.0M | +24.66% |
| Q4 2022 | 2022-09-30 | $2.70B | $456.0M | +20.32% |
| Q3 2022 | 2022-06-30 | $3.13B | $1.06B | +51.36% |
| Q2 2022 | 2022-03-31 | $2.39B | $239.0M | +11.13% |
| Q1 2022 | 2021-12-31 | $2.28B | $440.0M | +23.87% |
| Q4 2021 | 2021-09-30 | $2.24B | $285.0M | +14.55% |
| Q3 2021 | 2021-06-30 | $2.07B | $228.0M | +12.40% |
| Q2 2021 | 2021-03-31 | $2.15B | $218.0M | +11.30% |
| Q1 2021 | 2020-12-31 | $1.84B | −$195.0M | −9.57% |
| Q4 2020 | 2020-09-30 | $1.96B | −$443.0M | −18.44% |
| Q3 2020 | 2020-06-30 | $1.84B | −$94.0M | −4.87% |
| Q2 2020 | 2020-03-31 | $1.93B | $77.0M | +4.16% |
| Q1 2020 | 2019-12-31 | $2.04B | $249.0M | +13.92% |
| Q4 2019 | 2019-09-30 | $2.40B | $374.0M | +18.44% |
| Q3 2019 | 2019-06-30 | $1.93B | −$423.0M | −17.96% |
| Q2 2019 | 2019-03-31 | $1.85B | $116.0M | +6.68% |
| Q1 2019 | 2018-12-31 | $1.79B | $254.0M | +16.55% |
| Q4 2018 | 2018-09-30 | $2.03B | $385.0M | +23.43% |
| Q3 2018 | 2018-06-30 | $2.35B | $814.0M | +52.82% |
| Q2 2018 | 2018-03-31 | $1.74B | $68.0M | +4.07% |
| Q1 2018 | 2017-12-31 | $1.53B | $174.0M | +12.78% |
| Q4 2017 | 2017-09-30 | $1.64B | $7.0M | +0.43% |
| Q3 2017 | 2017-06-30 | $1.54B | −$1.66B | −51.87% |
| Q2 2017 | 2017-03-31 | $1.67B | $477.0M | +40.02% |
| Q1 2017 | 2016-12-31 | $1.36B | $192.0M | +16.42% |
| Q4 2016 | 2016-09-30 | $1.64B | $348.0M | +27.02% |
| Q3 2016 | 2016-06-30 | $3.20B | $1.95B | +154.94% |
| Q2 2016 | 2016-03-31 | $1.19B | $64.0M | +5.67% |
| Q1 2016 | 2015-12-31 | $1.17B | $25.0M | +2.19% |
| Q4 2015 | 2015-09-30 | $1.29B | −$389.0M | −23.20% |
| Q3 2015 | 2015-06-30 | $1.26B | $121.0M | +10.66% |
| Q2 2015 | 2015-03-31 | $1.13B | $13.0M | +1.17% |
| Q1 2015 | 2014-12-31 | $1.14B | $66.0M | +6.12% |
| Q4 2014 | 2014-09-30 | $1.68B | $455.0M | +37.23% |
| Q3 2014 | 2014-06-30 | $1.14B | −$38.0M | −3.24% |
| Q2 2014 | 2014-03-31 | $1.11B | $17.0M | +1.55% |
| Q1 2014 | 2013-12-31 | $1.08B | $32.0M | +3.06% |
| Q4 2013 | 2013-09-30 | $1.22B | $13.0M | +1.08% |
| Q3 2013 | 2013-06-30 | $1.17B | −$4.00B | −77.32% |
| Q2 2013 | 2013-03-31 | $1.10B | $126.0M | +12.96% |
| Q1 2013 | 2012-12-31 | $1.05B | $117.0M | +12.59% |
| Q4 2012 | 2012-09-30 | $1.21B | $188.0M | +18.41% |
| Q3 2012 | 2012-06-30 | $5.17B | $4.20B | +429.38% |
| Q2 2012 | 2012-03-31 | $972.0M | $110.0M | +12.76% |
| Q1 2012 | 2011-12-31 | $929.0M | $57.0M | +6.54% |
| Q4 2011 | 2011-09-30 | $1.02B | $17.0M | +1.69% |
| Q3 2011 | 2011-06-30 | $977.0M | $85.0M | +9.53% |
| Q2 2011 | 2011-03-31 | $862.0M | $25.0M | +2.99% |
| Q1 2011 | 2010-12-31 | $872.0M | $129.0M | +17.36% |
| Q4 2010 | 2010-09-30 | $1.00B | −$6.0M | −0.59% |
| Q3 2010 | 2010-06-30 | $892.0M | $68.0M | +8.25% |
| Q2 2010 | 2010-03-31 | $837.0M | $71.0M | +9.27% |
| Q1 2010 | 2009-12-31 | $743.0M | −$30.0M | −3.88% |
| Q4 2009 | 2009-09-30 | $1.01B | — | — |
| Q3 2009 | 2009-06-30 | $824.0M | −$141.0M | −14.61% |
| Q2 2009 | 2009-03-31 | $766.0M | — | — |
| Q1 2009 | 2008-12-31 | $773.0M | — | — |
| Q3 2008 | 2008-06-30 | $965.0M | — | — |
Visa operating expenses trends
Over the last five fiscal years, Visa's operating expenses increased from $7.76B to $16.01B, a change of $8.24B. The latest reported quarter, Q3 2026, shows $1.76B.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Visa source filings ↗