Inside Visa’s Operating Expenses
Visa (V) saw a rise of 13% in total operating expenses on a YoY (year-over-year) basis in fiscal 1Q18. The company incurred personnel expenses of $679 million in fiscal 1Q18 compared to $571 million a year ago, implying a rise of 19%. Visa incurred marketing expenses of $223 million in fiscal 1Q18 compared to $218 million a year ago, reflecting a rise of 3%.