Investing
CapEx
Visa CapEx increased by 1.3% to $383.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 17.1%, from $327.00M to $383.00M. Over 4 years (FY 2021 to FY 2025), CapEx shows an upward trend with a 20.4% CAGR.
Analysis
StatementCash Flow Statement
SectionInvesting
CategoryGrowth
SignalContext dependent
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
How to read this metric
An increase signals growth investment or infrastructure modernization; a decrease might suggest cost-cutting or a transition to an asset-light model.
Detailed definition
Funds used by a company to acquire, upgrade, and maintain physical assets such as property, plants, buildings, technolog...
Peer comparison
Hardware-focused tech firms typically have higher CapEx relative to revenue than pure software companies due to manufacturing and supply chain needs.
Metric ID:
capital_expendituresHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $179.00M | $208.00M | $173.00M | $267.00M | $235.00M | $295.00M | $249.00M | $210.00M | $295.00M | $305.00M | $267.00M | $281.00M | $400.00M | $309.00M | $345.00M | $327.00M | $421.00M | $389.00M | $378.00M | $383.00M |
| QoQ Change | — | +16.2% | -16.8% | +54.3% | -12.0% | +25.5% | -15.6% | -15.7% | +40.5% | +3.4% | -12.5% | +5.2% | +42.3% | -22.8% | +11.7% | -5.2% | +28.7% | -7.6% | -2.8% | +1.3% |
| YoY Change | — | — | — | — | +31.3% | +41.8% | +43.9% | -21.3% | +25.5% | +3.4% | +7.2% | +33.8% | +35.6% | +1.3% | +29.2% | +16.4% | +5.3% | +25.9% | +9.6% | +17.1% |
Range$173.00M – $421.00M
CAGR+17.4%
Avg YoY Growth+19.1%
Median YoY Growth+21.3%
CapEx at Other Companies
Frequently Asked Questions
- What is Visa's capex?
- Visa (V) reported capex of $383.00M in Q1 2026.
- How has Visa's capex changed year-over-year?
- Visa's capex increased by 17.1% year-over-year, from $327.00M to $383.00M.
- What is the long-term trend for Visa's capex?
- Over 4 years (2021 to 2025), Visa's capex has grown at a 20.4% compound annual growth rate (CAGR), from $705.00M to $1.48B.
- What does capex mean?
- The money spent on long-term physical assets like machinery, data centers, and office buildings.