V · 8-K · 20260728PR000103

Income Tax Rate Changes

VISA INC. · 2026-07-28 · Importance 68 · Surprise 58

GAAP income tax expense increased to $1.205 billion from $1.061 billion in the fiscal third quarter. The GAAP effective tax rate was 17.6%, up from 16.7% in the prior-year quarter. Visa recognized an $18 million deferred tax benefit from a change in U.S. taxation of certain foreign earnings. Excluding the deferred tax benefit and other non-GAAP tax impacts, the non-GAAP effective tax rate was 18.4%, compared with 17.3% in the prior-year quarter.

Key facts

• A deferred tax benefit of $18 million was recognized in current year's results due to a change in the U.S. taxation of certain foreign earnings. source
• GAAP effective income tax rate was 17.6% for the quarter ended June 30, 2026. source
• Non-GAAP effective income tax rate was 18.4% for the quarter ended June 30, 2026 excluding the special deferred tax item and related impacts. source