Property, Plant and Equipment Disclosure
Asset Age Ratios (Summary)
Average Age
Estimated Total Useful Life
Estimated Age, Time Elapsed Since Purchase
Estimated Remaining Life

Visa Inc., balance sheet: property, plant and equipment

US$ in millions

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Land	72)	72)	71)	71)	69)	72)
Buildings and building improvements	1,003)	1,008)	1,007)	965)	898)	865)
Furniture, equipment and leasehold improvements	2,230)	2,048)	1,997)	1,913)	1,661)	1,534)
Construction-in-progress	285)	226)	163)	180)	153)	139)
Technology	5,291)	4,320)	3,923)	3,441)	2,916)	2,533)
Property, equipment and technology, gross	8,881)	7,674)	7,161)	6,570)	5,697)	5,143)
Accumulated depreciation and amortization	(5,658)	(4,959)	(4,424)	(3,875)	(3,225)	(2,890)
Property, equipment and technology, net	3,223)	2,715)	2,737)	2,695)	2,472)	2,253)

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

Download chart

Item	Description	The company
Property, equipment and technology, gross	Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Visa Inc. property, equipment and technology, gross increased from 2020 to 2021 and from 2021 to 2022.
Property, equipment and technology, net	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Visa Inc. property, equipment and technology, net decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Visa Inc., asset age ratios

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Average age ratio	64.23%	65.23%	62.40%	59.62%	57.30%	56.99%
Estimated total useful life (years)	11	11	10	11	10	10
Estimated age, time elapsed since purchase (years)	7	7	6	7	6	6
Estimated remaining life (years)	4	4	4	4	4	4

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

Download chart

Asset age ratio	Description	The company
Average age ratio	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Visa Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Visa Inc. estimated total useful life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Visa Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.
Estimated remaining life		Visa Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	5,658)	4,959)	4,424)	3,875)	3,225)	2,890)
Property, equipment and technology, gross	8,881)	7,674)	7,161)	6,570)	5,697)	5,143)
Land	72)	72)	71)	71)	69)	72)
Asset Age Ratio
Average age¹	64.23%	65.23%	62.40%	59.62%	57.30%	56.99%

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ Average age = 100 × Accumulated depreciation and amortization ÷ (Property, equipment and technology, gross – Land)
= 100 × 5,658 ÷ (8,881 – 72) = 64.23%

Download chart

Asset age ratio	Description	The company
Average age	As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient.	Visa Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2020 to 2021 but then slightly improved from 2021 to 2022.

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Selected Financial Data (US$ in millions)
Property, equipment and technology, gross	8,881)	7,674)	7,161)	6,570)	5,697)	5,143)
Land	72)	72)	71)	71)	69)	72)
Depreciation and amortization expense related to property, equipment and technology	771)	721)	687)	596)	558)	500)
Asset Age Ratio (Years)
Estimated total useful life¹	11	11	10	11	10	10

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ Estimated total useful life = (Property, equipment and technology, gross – Land) ÷ Depreciation and amortization expense related to property, equipment and technology
= (8,881 – 72) ÷ 771 = 11

Download chart

Asset age ratio	Description	The company
Estimated total useful life	Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors.	Visa Inc. estimated total useful life of depreciable property, plant and equipment increased from 2020 to 2021 and from 2021 to 2022.

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization	5,658)	4,959)	4,424)	3,875)	3,225)	2,890)
Depreciation and amortization expense related to property, equipment and technology	771)	721)	687)	596)	558)	500)
Asset Age Ratio (Years)
Time elapsed since purchase¹	7	7	6	7	6	6

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation and amortization expense related to property, equipment and technology
= 5,658 ÷ 771 = 7

Download chart

Asset age ratio	Description	The company
Estimated time elapsed since purchase	The approximate age in years of a company fixed assets. Useful for comparison purposes.	Visa Inc. estimated time elapsed since purchase of depreciable property, plant and equipment deteriorated from 2020 to 2021 and from 2021 to 2022.

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Selected Financial Data (US$ in millions)
Property, equipment and technology, net	3,223)	2,715)	2,737)	2,695)	2,472)	2,253)
Land	72)	72)	71)	71)	69)	72)
Depreciation and amortization expense related to property, equipment and technology	771)	721)	687)	596)	558)	500)
Asset Age Ratio (Years)
Estimated remaining life¹	4	4	4	4	4	4

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

2022 Calculations

¹ Estimated remaining life = (Property, equipment and technology, net – Land) ÷ Depreciation and amortization expense related to property, equipment and technology
= (3,223 – 72) ÷ 771 = 4

Download chart

Asset age ratio	Description	The company
Estimated remaining life		Visa Inc. estimated remaining life of depreciable property, plant and equipment decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Visa Inc. (NYSE:V)

Analysis of Property, Plant and Equipment

Property, Plant and Equipment Disclosure

Asset Age Ratios (Summary)

Average Age

Estimated Total Useful Life

Estimated Age, Time Elapsed since Purchase

Estimated Remaining Life