V · 10-Q · 2026Q1 · Full report

Income Tax Provision / Rate Changes

VISA INC. · 2026-04-29 · Importance 78 · Surprise 74 · In source text

Income tax provision recorded in the consolidated statements of operations was $1,153 million for the three months ended March 31, 2026 and $1,942 million for the six months ended March 31, 2026. The three-month 2026 tax provision of $1,153 million represented a decrease versus the comparable 2025 three-month tax provision of $2,026 million (decrease $873 million). The Company disclosed a deferred tax benefit in the six months ended March 31, 2026 related to a change in U.S. taxation of certain foreign earnings and other tax items that materially affected the effective tax rate for the period. The Company also reported increases in gross and net unrecognized tax benefits for the three- and six-month periods ended March 31, 2026 related to various jurisdictions.

Key facts

• For the six months ended March 31, 2026, cash paid for income taxes, net: $3,984 million (includes $1.8 billion federal transferable tax credits). source
• For the three months ended March 31, 2026, income tax provision: $1,153 million. source
• For the six months ended March 31, 2026, we recorded a $333 million deferred tax benefit due to a change in the U.S. taxation of certain foreign earnings. source
• For the six months ended March 31, 2026, income tax provision: $1,942 million. source
• For the three and six months ended March 31, 2026, a $217 million tax benefit was recorded as a result of a tax position taken on certain expenses. source

Impact estimates