VISA INC
For the period ended Dec 31, 2024. Filed Jan 31, 2025.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2024 · Filed Jan 31, 2025
V$423.00+0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets—December 31, 2024 and September 30,
VISA
CONSOLIDATED BALANCE SHEETS
| December 31,2024 | September 30,2024 | |
|---|---|---|
| (in millions, except per share data) | ||
| Assets | ||
| Cash and cash equivalents | $12,367 | $11,975 |
| Restricted cash equivalents—U.S. litigation escrow | 3,112 | 3,089 |
| Investment securities | 1,967 | 3,200 |
| Settlement receivable | 3,683 | 4,454 |
| Accounts receivable | 2,590 | 2,561 |
| Customer collateral | 3,518 | 3,524 |
| Current portion of client incentives | 1,992 | 1,918 |
| Prepaid expenses and other current assets | 3,393 | 3,312 |
| Total current assets | 32,622 | 34,033 |
| Investment securities | 1,757 | 2,545 |
| Client incentives | 4,631 | 4,628 |
| Property, equipment and technology, net | 3,974 | 3,824 |
| Goodwill | 19,548 | 18,941 |
| Intangible assets, net | 25,889 | 26,889 |
| Other assets | 3,467 | 3,651 |
| Total assets | $91,888 | $94,511 |
| Liabilities | ||
| Accounts payable | $405 | $479 |
| Settlement payable | 4,425 | 5,265 |
| Customer collateral | 3,518 | 3,524 |
| Accrued compensation and benefits | 1,226 | 1,538 |
| Client incentives | 9,249 | 9,075 |
| Accrued liabilities | 4,690 | 4,909 |
| Current maturities of debt | 3,929 | — |
| Accrued litigation | 1,649 | 1,727 |
| Total current liabilities | 29,091 | 26,517 |
| Long-term debt | 16,680 | 20,836 |
| Deferred tax liabilities | 5,192 | 5,301 |
| Other liabilities | 2,629 | 2,720 |
| Total liabilities | 53,592 | 55,374 |
| Commitments and contingencies (Note 13) | ||
| Equity | ||
| Preferred stock, $0.0001 par value, 5 shares issued and outstanding as of December 31, 2024 and September 30, 2024 | 904 | 1,031 |
| Common stock, $0.0001 par value: | ||
| Class A common stock, 1,726 and 1,733 shares issued and outstanding as of December 31, 2024 and September 30, 2024, respectively | — | — |
| Class B-1 and B-2 total common stock, 125 shares issued and outstanding as of December 31, 2024 and September 30, 2024 | — | — |
| Class C common stock, 9 and 10 shares issued and outstanding as of December 31, 2024 and September 30, 2024, respectively | — | — |
| Right to recover for covered losses | (123) | (104) |
| Additional paid-in capital | 21,324 | 21,229 |
| Accumulated income | 17,438 | 17,289 |
| Accumulated other comprehensive income (loss): | ||
| Investment securities | 12 | 30 |
| Defined benefit pension and other postretirement plans | (15) | (16) |
| Derivative instruments | (105) | (213) |
| Foreign currency translation adjustments | (1,139) | (109) |
| Total accumulated other comprehensive income (loss) | (1,247) | (308) |
| Total equity | 38,296 | 39,137 |
| Total liabilities and equity | $91,888 | $94,511 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.