Visa Client Incentives Liabilities (Current) increased by 3.4% to $10.37B in Q3 2025 compared to the prior quarter. Year-over-year, this metric grew by 14.3%, from $9.08B to $10.37B. Over 4 years (FY 2020 to FY 2024), Client Incentives Liabilities (Current) shows an upward trend with a 19.9% CAGR.
Higher levels indicate aggressive growth incentives, while lower levels may suggest changes in incentive structures or reduced client activity.
This represents the current portion of contractual incentive obligations owed to clients, such as financial institutions...
Specific to payment networks and B2B service providers that utilize volume-based rebates.
client_incentives_liabilities_current| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.11B | $5.24B | $5.29B | $5.44B | $5.61B | $6.10B | $6.55B | $6.78B | $7.53B | $8.18B | $8.03B | $7.95B | $8.56B | $9.08B | $9.25B | $9.67B | $10.03B | $10.37B |
| QoQ Change | — | +2.5% | +1.0% | +2.7% | +3.2% | +8.8% | +7.4% | +3.5% | +11.0% | +8.6% | -1.7% | -1.1% | +7.7% | +6.0% | +1.9% | +4.5% | +3.8% | +3.4% |
| YoY Change | — | — | — | — | +9.7% | +16.3% | +23.8% | +24.8% | +34.3% | +34.1% | +22.6% | +17.2% | +13.7% | +11.0% | +15.1% | +21.6% | +17.2% | +14.3% |
We use cookies for analytics. See our Privacy and Cookie Policy.