Visa Inc.
VNYSEServices-Business Services, NECFiscal year ends September 30
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026Score 11/30107% above fair value
$425.51+11.92 (+2.88%)
Close on Nov 2, 2026Market cap $759.29BP/E –Yield 0.14%
Visa Non-GAAP operating expenses: $12,906M in FY25, up 11.2% from a year earlier.
Latest, FY25
12,906
Period ended Sep 30, 2025
Change on a year earlier
+11.2%
11,609 in FY24
History
5 years
Since FY21
Sources
4
Documents cited below
Where the FY25 figure comes from
“[Twelve Months Ended September 30, 2025] Non-GAAP $ 12,906 $ 287 $ 4,839 17.7% $ 22,542 $ 11.47”
Source: Visa Earnings Release FY2025Q4 ↗
Annual history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Non-GAAP operating expenses ($M) ($M) | Year on year | Source |
|---|---|---|---|---|
| FY25 | Sep 30, 2025 | 12,906 | +11.2% | Visa Earnings Release FY2025Q4 ↗ |
| FY24 | Sep 30, 2024 | 11,609 | +10.8% | Visa Earnings Release FY2025Q4 ↗ |
| FY23 | Sep 30, 2023 | 10,481 | +11.7% | Visa Earnings Release FY2024Q4 ↗ |
| FY22 | Sep 30, 2022 | 9,387 | +16.2% | Visa Earnings Release FY2023Q4 ↗ |
| FY21 | Sep 30, 2021 | 8,077 | – | Visa Earnings Release FY2022Q4 ↗ |
Breakdown
What makes up non-GAAP operating expenses
- Non-GAAP operating expenses YoY growth — Constant-dollar (%)–
- Non-GAAP operating expenses YoY growth — Nominal USD (%)–
- Foreign currency impact on Non-GAAP operating expenses YoY growth (ppt)–
- GAAP operating expenses ($M, reconciliation table)16,006 · FY25
- Non-GAAP adjustment — Amortization of acquired intangible assets ($M, pre-tax)218 · FY25
- Non-GAAP adjustment — Acquisition-related costs ($M, pre-tax)97 · FY25
Cite this data
StockData. (2026). Visa Non-GAAP operating expenses ($M), annual FY21–FY25 [Data set]. Compiled from Visa SEC filings and investor materials. https://stockdatahq.com/stocks/v/kpis/nongaap-opex-m
See every metric in the Visa KPI table. Data updated Oct 24, 2026.