What is Visa's capex?

Visa (V) reported capex of $383M in Q1 2026.

How has Visa's capex changed year-over-year?

Visa's capex increased by 17.1% year-over-year, from $327M to $383M.

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 $705M to $1.48B.

What does capex mean?

Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.

Visa V CapEx

CapEx at other companies

American ExpressAXP

$1.15B+167%

MastercardMA

$154M-3.1%

PayPal Holdings, Inc.PYPL

$231M+17.9%

The BancorpTBBK

$468K-38.8%

Pathward Financial, Inc.CASH

$2.31M-35.6%

Fidelity National Information ServicesFIS

$50M+35.1%

Other financials

Income statement

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Revenue$11.2B+17.1%

Gross profit$11.0B+17.1%

Operating income$7.2B+33.1%

Net income$6.0B+31.5%

EPS (diluted)$3.14+35.3%

Balance sheet

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Cash & equivalents$18.7B-2.2%

Total debt$25.5B+3.3%

Total equity$35.7B-6.2%

Total assets$95.0B+2.4%

Cash flow

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Operating cash flow$3.0B-35.9%

Free cash flow$2.6B-39.9%

Valuation

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Market cap$628.56B-5.0%

Enterprise value$635.39B-4.7%

P/E28.3×-5.0×

P/S14.6×-3.0×

Profitability

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Gross margin97.8%0.0pp

Operating margin61.1%-2.6pp

Net margin51.7%-1.2pp

FCF margin49.2%-5.3pp

Returns & leverage

See full

Return on equity60.3%+9.7pp

Debt / equity0.7×+0.1×

Current ratio1.1×0.0×

Where this comes from

Reported directly by Visa in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Visa’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Visa's capex?: Visa (V) reported capex of $383M in Q1 2026.
How has Visa's capex changed year-over-year?: Visa's capex increased by 17.1% year-over-year, from $327M to $383M.
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 $705M to $1.48B.
What does capex mean?: Cash spent on property, plant, and equipment — the primary measure of investment in productive capacity and infrastructure.