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V Cash Flow

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In the most recent quarter, Q2'26, Visa's Operating Cash Flow reached $3.01B USD, marking a significant decline from the previous quarter's $6.78B USD in Q1'26. Similarly, Free Cash Flow dropped to $2.63B USD, down from $6.40B USD in Q1'26, reflecting potential seasonal or operational pressures impacting cash generation. Over the period from Q3'23 to Q2'26, Operating Cash Flow exhibited volatility with an overall upward trend, peaking at $6.66B USD in Q4'24 and $6.73B USD in Q3'25, though it experienced notable dips such as $3.61B USD in Q1'24 and the sharp fall in Q2'26. Free Cash Flow followed a parallel pattern, generally increasing from $5.50B USD in Q3'23 to highs around $6.31B USD in Q3'25, but with consistent underperformance relative to Operating Cash Flow due to capital expenditures, and a pronounced decline in the latest quarter signaling potential caution for analysts monitoring liquidity trends.