What is Visa's change in AP?

Visa (V) reported change in AP of -$114M in Q4 2025.

How has Visa's change in AP changed year-over-year?

Visa's change in AP decreased by 111.1% year-over-year, from -$54M to -$114M.

What is the long-term trend for Visa's change in AP?

Over 3 years (2021 to 2024), Visa's change in AP has grown at a 7.4% compound annual growth rate (CAGR), from $88M to $109M.

What does change in AP mean?

Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.

Visa V Change in AP

Change in AP at other companies

American ExpressAXP

$476M+109%

MastercardMA

$14M-82.5%

Fidelity National Information ServicesFIS

-$99M+54.8%

MarqetaMQ

-$1.06M-203%

ACI WorldwideACIW

$937K-87.5%

Global PaymentsGPN

-$746.23M-311%

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%

CapEx$383.0M+17.1%

Free cash flow$2.6B-39.9%

Valuation

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Market cap$652.47B+1.9%

Enterprise value$659.3B+1.9%

P/E29.3×-2.2×

P/S15.2×-1.3×

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

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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:IncreaseDecreaseInAccountsPayable.

The official record: Visa’s 10-Q, filed January 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Visa's change in AP?: Visa (V) reported change in AP of -$114M in Q4 2025.
How has Visa's change in AP changed year-over-year?: Visa's change in AP decreased by 111.1% year-over-year, from -$54M to -$114M.
What is the long-term trend for Visa's change in AP?: Over 3 years (2021 to 2024), Visa's change in AP has grown at a 7.4% compound annual growth rate (CAGR), from $88M to $109M.
What does change in AP mean?: Increase or decrease in amounts owed to suppliers — a key working capital component affecting operating cash flow.