V · 8-K · 20260428PR000077

Income Tax / Federal Tax Credits

VISA INC. · 2026-04-28 · Importance 91 · Surprise 92 · In source text

Visa recorded a deferred tax benefit in the six months ended March 31, 2026 due to a change in U.S. taxation of certain foreign earnings (a one‑time non‑cash item disclosed in the non‑GAAP adjustments). Separately, supplemental cash flow disclosure shows cash paid for income taxes for the six months included federal transferable tax credits of $1.8 billion in 2026 (vs. $1.3 billion in 2025), indicating material cash‑tax effects in the period. The deferred tax benefit and the sizable use of transferable tax credits materially affect reported tax expense and cash taxes in fiscal 2026. These items reflect tax-policy impacts and timing that are material to cash flows and effective tax rate reconciliation.

Key facts

• For the six months ended March 31, 2026 cash paid for income taxes, net included federal transferable tax credits of $1.8 billion source

Impact estimates