V · 10-Q · 2026Q1 · Full report
Personnel Expense Change
VISA INC. · 2026-04-29 · Importance 29 · Surprise 22 · No source text
Personnel expense was $1,841 million for the three months ended March 31, 2026 versus $1,657 million prior year, an increase of approximately 11% year-over-year. The increase was driven by a higher number of employees and compensation focused on growth areas, including acquisitions. The six-month increase was partially offset by prior-year severance costs recorded to realign the organizational structure. Higher personnel costs contributed to the increase in non-GAAP operating expenses of 17% year-over-year.
Key facts
- Personnel expense for the six months ended March 31, 2026: $3,605 million. source
- Personnel expenses for the three months ended March 31, 2026 were $1,841 million and for the three months ended March 31, 2025 were $1,657 million. source
- Personnel expense for the three months ended March 31, 2026: $1,841 million. source
- Personnel expenses for the six months ended March 31, 2026 were $3,605 million and for the six months ended March 31, 2025 were $3,470 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -1.6% | Personnel expenses for the three months ended March 31, 2026 were $1,841 million and for the three months ended March 31, 2025 were $1,657… |
| operating_income | negative | realized | -1.2% | Personnel expenses for the six months ended March 31, 2026 were $3,605 million and for the six months ended March 31, 2025 were $3,470… |