VISA INC

For the period ended Sep 30, 2024. Filed Nov 13, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Nov 13, 2024

V$422.16-0.1%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Changes in Equity

VISA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

Preferred Stock · Common Stock and Additional Paid-in Capital · Right to Recover for Covered Losses · AccumulatedIncome · AccumulatedOtherComprehensive Income (Loss) · TotalEquity
Shares · Amount · Shares · Amount
(in millions, except per share data)
Balance as of September 30, 2023	5		$1,698		(1)	1,849			$20,452		$(140)	$18,040			$(1,317)	$38,733
Net income										19,743		19,743
Other comprehensive income (loss)											1,009	1,009
VE territory covered losses incurred								(139)				(139)
Recovery through conversion rate adjustment		(181)							175				(6)
Issuance of series A preferred stock	—	(2)	(5)										(5)
Conversions to class A common stock	—	(2)	(481)			151			481						—
Class B-1 common stock exchange offer				(73)			—		(2)				—
Share-based compensation						850						850
Stock issued under equity plans				6			335						335
Shares withheld for taxes related to stock issued under equity plans				(1)			(208)						(208)
Cash dividends declared and paid, at a quarterly amount of $0.52 per class A common stock										(4,217)		(4,217)
Repurchases of class A common stock				(64)			(681)				(16,277)			(16,958)
Balance as of September 30, 2024	5		$1,031		(1)	1,868			$21,229		$(104)	$17,289			$(308)	$39,137

(1)As of September 30, 2024 and 2023, the book value of series A convertible participating preferred stock (series A preferred stock) was $540 million and $456 million, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B convertible participating preferred stock (series B preferred stock) and series C convertible participating preferred stock (series C preferred stock).

VISA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY—(Continued)

Preferred Stock · Common Stock and Additional Paid-in Capital · Right to Recover for Covered Losses · AccumulatedIncome · AccumulatedOtherComprehensive Income (Loss) · TotalEquity
Shares · Amount · Shares · Amount
(in millions, except per share data)
Balance as of September 30, 2022	5		$2,324		(1)	1,890			$19,545		$(35)	$16,116			$(2,369)	$35,581
Net income										17,273		17,273
Other comprehensive income (loss)											1,052	1,052
VE territory covered losses incurred								(136)				(136)
Recovery through conversion rate adjustment		(30)							31				1
Conversions to class A common stock	—	(2)	(596)			10			596						—
Share-based compensation						765						765
Stock issued under equity plans				5			260						260
Shares withheld for taxes related to stock issued under equity plans				(1)			(130)						(130)
Cash dividends declared and paid, at a quarterly amount of $0.45 per class A common stock										(3,751)		(3,751)
Repurchases of class A common stock				(55)			(584)				(11,598)			(12,182)
Balance as of September 30, 2023	5		$1,698		(1)	1,849			$20,452		$(140)	$18,040			$(1,317)	$38,733

(1)As of September 30, 2023 and 2022, the book value of series A preferred stock was $456 million and $1.0 billion, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and C preferred stock.

VISA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY—(Continued)

Preferred Stock · Common Stock and Additional Paid-in Capital · Right to Recover for Covered Losses · AccumulatedIncome · AccumulatedOtherComprehensive Income (Loss) · TotalEquity
Shares · Amount · Shares · Amount
(in millions, except per share data)
Balance as of September 30, 2021	5		$3,080		(1)	1,932			$18,855		$(133)	$15,351			$436	$37,589
Net income										14,957		14,957
Other comprehensive income (loss)											(2,805)	(2,805)
VE territory covered losses incurred								(43)				(43)
Recovery through conversion rate adjustment		(141)							141				—
Issuance of series A preferred stock	—	(2)	(3)										(3)
Conversions to class A common stock	—	(2)	(612)			10			612						—
Share-based compensation						602						602
Stock issued under equity plans				4			196						196
Shares withheld for taxes related to stock issued under equity plans				—		(2)	(120)						(120)
Cash dividends declared and paid, at a quarterly amount of $0.375 per class A common stock										(3,203)		(3,203)
Repurchases of class A common stock				(56)			(600)				(10,989)			(11,589)
Balance as of September 30, 2022	5		$2,324		(1)	1,890			$19,545		$(35)	$16,116			$(2,369)	$35,581

(1)As of September 30, 2022 and 2021, the book value of series A preferred stock was $1.0 billion and $486 million, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and C preferred stock.

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