V · 10-Q · 2026Q2 · Full report

Income Tax / Federal Tax Credits

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

A change in U.S. taxation of certain foreign earnings generated a deferred tax benefit of $351 million for the nine months ended June 30, 2026, including an $18 million benefit in the quarter. Visa also recorded a $217 million tax benefit during the nine-month period from a tax position taken on certain expenses. These changes affect Visa’s tax provision and reflect U.S. federal tax treatment of foreign earnings and expense deductions.

Key facts

• For the nine months ended June 30, 2026, Visa recorded a $217 million tax benefit as a result of a tax position taken on certain expenses.
• For the three and nine months ended June 30, 2025, Visa recorded a $60 million net tax benefit due to the reassessment of uncertain tax positions during a tax examination.
• For the nine months ended June 30, 2025, Visa recorded a $222 million tax benefit as a result of a tax position taken on certain expenses, partially offset by a $71 million tax expense related to the resolution of a tax matter.