VISA INC.
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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FY2025 · Filed Nov 6, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
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, 2024 | 5 | $1,031 | (1) | 1,868 | $21,229 | $(104) | $17,289 | $(308) | $39,137 | |||||||
| Net income | 20,058 | 20,058 | ||||||||||||||
| Other comprehensive income (loss) | 556 | 556 | ||||||||||||||
| VE territory covered losses | (28) | (28) | ||||||||||||||
| Recovery through conversion rate adjustments | (8) | 8 | — | |||||||||||||
| Anniversary release (2) | — | (3) | (7) | (7) | ||||||||||||
| Conversions to class A common stock | — | (3) | (271) | 7 | 271 | — | ||||||||||
| Share-based compensation | 897 | 897 | ||||||||||||||
| Stock issued under equity plans | 5 | 396 | 396 | |||||||||||||
| Shares withheld for taxes related to stock issued under equity plans | (1) | (281) | (281) | |||||||||||||
| Cash dividends declared and paid, at a quarterly amount of $0.59 per class A common stock | (4,634) | (4,634) | ||||||||||||||
| Repurchases of class A common stock | (54) | (578) | (17,607) | (18,185) | ||||||||||||
| Balance as of September 30, 2025 | 5 | $745 | (1) | 1,825 | $21,934 | $(124) | $15,106 | $248 | $37,909 | |||||||
(1)As of September 30, 2025 and 2024, the book value of series A convertible participating preferred stock (series A preferred stock) was $513 million and $540 million, respectively. See 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).
(2)See Note 5—U.S. and Europe Retrospective Responsibility Plans for further details.
(3)Increase or decrease is less than one million.
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, 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 | (139) | (139) | ||||||||||||||
| Recovery through conversion rate adjustments | (181) | 175 | (6) | |||||||||||||
| Anniversary release (2) | — | (3) | (5) | (5) | ||||||||||||
| Conversions to class A common stock | — | (3) | (481) | 151 | 481 | — | ||||||||||
| Class B-1 common stock exchange offer | (73) | — | (3) | — | ||||||||||||
| 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 preferred stock was $540 million and $456 million, respectively. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and C preferred stock.
(2)See Note 5—U.S. and Europe Retrospective Responsibility Plans for further details.
(3)Increase or decrease is less than one million.
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 | (136) | (136) | ||||||||||||||
| Recovery through conversion rate adjustments | (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. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and C preferred stock.
(2)Increase or decrease is less than one million.
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