Capital Expenditures for Visa (V)
According to Visa's latest reported financial statements, the company's current capital expenditures (TTM) is $1.51B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .
V
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Latest period
$1.51B
YoY change
+17.9%
5Y CAGR
+15.0%
Peak year (2025)
$1.48B
Cumulative capital expenditures
$12.44B
CapEx history chart for Visa (V) from 2004 to 2025
CapEx history table for Visa (V) from 2004 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $1.48B | +17.9% | ||
| 2024 | $1.26B | +18.7% | ||
| 2023 | $1.06B | +9.2% | ||
| 2022 | $970.00M | +37.6% | ||
| 2021 | $705.00M | -4.2% | ||
| 2020 | $736.00M | -2.6% | ||
| 2019 | $756.00M | +5.3% | ||
| 2018 | $718.00M | +1.6% | ||
| 2017 | $707.00M | +35.2% | ||
| 2016 | $523.00M | +26.3% | ||
| 2015 | $414.00M | -25.1% | ||
| 2014 | $553.00M | +17.4% | ||
| 2013 | $471.00M | +25.3% | ||
| 2012 | $376.00M | +6.5% | ||
| 2011 | $353.00M | +46.5% | ||
| 2010 | $241.00M | -21.2% | ||
| 2009 | $306.00M | -26.3% | ||
| 2008 | $415.00M | +159.4% | ||
| 2007 | $159.96M | — | ||
| 2006 | $0 | -100.0% | ||
| 2005 | $119.27M | -2.4% | ||
| 2004 | $122.21M | — |
CapEx values are taken from Visa's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
2025's annual capital expenditures for Visa (V) came in at $1.48B – grew 17.9% year-over-year.
Visa capital expenditures compound annual growth for the 2020–2025 (5 years) window is +15.0%, sustaining 4 straight years of year-over-year growth.
2025 marks the peak capital expenditures at $1.48B, with the historical low of $0 recorded in 2006.
Among 8 Financial Services peers, Visa (V) ranks 5th; the peer median for capital expenditures is $1.28B.
Visa Capital Expenditures by Year
Visa Capital Expenditures 2025: $1.48B
Visa capital expenditures in 2025 was $1.48B, grew 17.9% from 2024. This figure represents the highest annual value in the available history.
Visa Capital Expenditures 2024: $1.26B
Visa capital expenditures in 2024 was $1.26B, grew 18.7% from 2023.
Visa Capital Expenditures 2023: $1.06B
Visa capital expenditures in 2023 was $1.06B, grew 9.2% from 2022.
Visa Capital Expenditures 2022: $970.00M
Visa capital expenditures in 2022 was $970.00M, surged 37.6% from 2021.
Visa Capital Expenditures 2021: $705.00M
Visa capital expenditures in 2021 was $705.00M.
See more financial history for Visa (V).
Sector peers — CapEx
Companies in the same sector as Visa, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| Berkshire Hathaway Inc. (BRK-B) | $20.93B | Financial Services |
| Citigroup Inc. (C) | $6.52B | Financial Services |
| Morgan Stanley (MS) | $2.90B | Financial Services |
| The Goldman Sachs Group, Inc. (GS) | $2.06B | Financial Services |
| Mastercard Incorporated (MA) | $489.00M | Financial Services |
| JPMorgan Chase & Co. (JPM) | $0 | Financial Services |
| Bank of America Corporation (BAC) | $0 | Financial Services |
| Wells Fargo & Company (WFC) | $0 | Financial Services |
Frequently asked questions
What is Visa's capital expenditures?
- Latest reported capital expenditures for Visa (V) is $1.51B (period ending December 31, 2025).
How has Visa capital expenditures changed year-over-year?
- Visa (V) capital expenditures changed +17.9% year-over-year on the latest annual filing.
What is the long-term growth rate of Visa capital expenditures?
- Visa (V) capital expenditures compound annual growth rate is +15.0% over the most recent 5 years available.
When did Visa capital expenditures hit its highest annual value?
- Visa capital expenditures reached its highest annual value of $1.48B in 2025.
What was Visa capital expenditures in 2024?
- Visa (V) capital expenditures in 2024 was $1.26B.
What was Visa capital expenditures in 2025?
- Visa (V) capital expenditures in 2025 was $1.48B.
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