VISA INC.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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FY2026 · Filed Nov 5, 2026
V$422.16-0.1%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
VISA
CONSOLIDATED BALANCE SHEETS
| September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| (in millions, except per share data) | ||
| Assets | ||
| Cash and cash equivalents | $12,938 | $17,164 |
| Restricted cash equivalents—U.S. litigation escrow | 628 | 2,990 |
| Investment securities | 1,145 | 1,833 |
| Settlement receivable | 2,029 | 4,191 |
| Accounts receivable | 3,749 | 3,126 |
| Customer collateral | 4,349 | 3,625 |
| Current portion of client incentives | 2,492 | 2,158 |
| Prepaid expenses and other current assets | 3,156 | 2,679 |
| Total current assets | 30,486 | 37,766 |
| Investment securities | 94 | 999 |
| Client incentives | 6,098 | 5,157 |
| Property, equipment and technology, net | 5,066 | 4,236 |
| Goodwill | 20,801 | 19,879 |
| Intangible assets, net | 27,370 | 27,646 |
| Other assets | 4,445 | 3,944 |
| Total assets | $94,360 | $99,627 |
| Liabilities | ||
| Accounts payable | $606 | $555 |
| Settlement payable | 2,861 | 4,568 |
| Customer collateral | 4,349 | 3,625 |
| Accrued compensation and benefits | 2,391 | 1,863 |
| Client incentives | 12,150 | 10,369 |
| Accrued liabilities | 5,525 | 5,466 |
| Current maturities of debt | 2,716 | 5,569 |
| Accrued litigation | 990 | 3,033 |
| Total current liabilities | 31,588 | 35,048 |
| Long-term debt | 19,355 | 19,602 |
| Deferred tax liabilities | 5,184 | 5,549 |
| Other liabilities | 2,122 | 1,519 |
| Total liabilities | 58,249 | 61,718 |
| Commitments and contingencies (Note 18 and Note 20) | ||
| Equity | ||
| Preferred stock and additional paid-in capital, $0.0001 par value, 5 shares issued and outstanding as of September 30, 2026 and 2025 | 507 | 745 |
| Common stock and additional paid-in capital, $0.0001 par value: | ||
| Class A common stock, 1,728 and 1,691 shares issued and outstanding as of September 30, 2026 and 2025, respectively | — | — |
| Class B-1, B-2 and B-3 total common stock, 63 and 125 shares issued and outstanding as of September 30, 2026 and 2025, respectively | — | — |
| Class C common stock, 9 shares issued and outstanding as of September 30, 2026 and 2025 | — | — |
| Additional paid-in capital | 22,343 | 21,934 |
| Right to recover for covered losses | (119) | (124) |
| Accumulated income | 13,632 | 15,106 |
| Accumulated other comprehensive income (loss): | ||
| Available-for-sale debt securities | 1 | 12 |
| Defined benefit pension and other postretirement plans | (27) | (32) |
| Cash flow hedges | (135) | (307) |
| Foreign currency translation adjustments | (91) | 575 |
| Total accumulated other comprehensive income (loss) | (252) | 248 |
| Total equity | 36,111 | 37,909 |
| Total liabilities and equity | $94,360 | $99,627 |
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