V · 10-Q · 2026Q2 · Full report

Headcount / Restructuring

VISA INC. · 2026-07-29 · Importance 40 · Surprise 42 · In source text

Visa recorded $563 million of severance costs in both the three- and nine-month periods ended June 30, 2026. The severance resulted from actions intended to drive operational efficiencies and reinvest in high-growth opportunities. Personnel expense increased to $2.458 billion for the quarter and $6.063 billion for the nine-month period. The company also reported a higher employee count and compensation costs, including costs from acquisitions.

Key facts

Severance costs recorded in the three months ended June 30, 2026 contributed to non-GAAP adjustments of $563 million in operating expenses.
Personnel expenses increased primarily due to higher severance costs, a higher number of employees and compensation costs, including from acquisitions.

Impact estimates

metric	direction	stage	expected	basis
operating_income	negative	realized	-1.7%	Severance costs recorded in the three months ended June 30, 2026 contributed to non-GAAP adjustments of $563 million in operating expenses.