Want to see V full AI Analyst Report?
Operating Expense Breakdown
Details core costs like R&D, marketing, and admin, offering insight into how efficiently the company runs and where it’s prioritizing investment.Personnel costs are the dominant, steadily rising driver of Visa’s operating expenses — a persistent structural inflation that, together with rising depreciation, underpins management’s guidance for low-double-digit expense growth. Marketing shows recurring Q3 step‑ups (event-driven/FIFA and product launches), while litigation produces large, unpredictable lumps that can swing quarterly margins. Acquisitions and stepped‑up incentives add more recurring pressure. In short: Visa is deliberately investing (people, marketing, M&A) to fuel VAS and payments growth, but investors should watch litigation and incentive timing as the main short‑term margin risks.
Date | General and Administrative | Marketing | Depreciation and Amortization | Personnel | Network and Processing | Professional Fees | Litigation |
|---|---|---|---|---|---|---|---|
Jun 30, 2026 | $503.00M | $649.00M | $367.00M | $2.46B | $280.00M | $246.00M | $253.00M |
Mar 31, 2026 | $450.00M | $545.00M | $333.00M | $1.84B | $260.00M | $238.00M | $329.00M |
Dec 31, 2025 | $515.00M | $410.00M | $326.00M | $1.76B | $233.00M | $208.00M | $708.00M |
Sep 30, 2025 | $544.00M | $576.00M | $316.00M | $1.74B | $239.00M | $256.00M | $903.00M |
Jun 30, 2025 | $482.00M | $421.00M | $317.00M | $1.75B | $224.00M | $187.00M | $615.00M |
Mar 31, 2025 | $419.00M | $381.00M | $305.00M | $1.66B | $224.00M | $173.00M | $1.00B |
Dec 31, 2024 | $481.00M | $306.00M | $282.00M | $1.81B | $207.00M | $143.00M | $44.00M |
Sep 30, 2024 | $424.00M | $551.00M | $274.00M | $1.61B | $208.00M | $192.00M | $10.00M |
Jun 30, 2024 | $382.00M | $378.00M | $264.00M | $1.57B | $200.00M | $152.00M | $13.00M |
Mar 31, 2024 | $452.00M | $338.00M | $249.00M | $1.60B | $189.00M | $160.00M | $430.00M |