V · 10-K · 2026A · Full report

Income Tax Rate Changes

VISA INC. · 2026-11-05 · Importance 25 · Surprise 32

Visa's effective income tax rate was 16% in fiscal 2026, compared with 17% in fiscal 2025. Fiscal 2026 included a $314 million deferred tax benefit from a change in U.S. taxation of certain foreign earnings. Visa also recorded $284 million of tax benefits related to certain legal settlements in fiscal 2026, compared with $263 million in fiscal 2025. A provision for global minimum taxes, primarily related to Singapore, was largely offset by foreign tax credit benefits across jurisdictions.

Key facts

• Visa recorded a $314 million deferred tax benefit in fiscal 2026 due to a change in U.S. taxation of certain foreign earnings. source
• Visa recorded tax benefits of $284 million in fiscal 2026 and $263 million in fiscal 2025 related to certain legal settlements. source
• Visa's effective income tax rate was 16% in fiscal 2026 and 17% in fiscal 2025. source