VISA INC.

For the period ended Sep 30, 2026. Filed Nov 5, 2026.

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.

FY2026 · Filed Nov 5, 2026

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

	For the Year Ended September 30, 2026
Preferred Stock and Additional Paid-in Capital · 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 beginning of period	5		$745		(1)	1,825			$21,934		$(124)	$15,106			$248	$37,909
Net income										23,504		23,504
Other comprehensive income (loss)											(500)	(500)
VE territory covered losses								(116)				(116)
Recovery through conversion rate adjustments		(120)							121		(3)			(2)
Conversions to class A common stock	—	(2)	(118)			71			118						—
Class B-1 and B-2 common stock exchange offer				(39)			—		(2)				—
Share-based compensation						928						928
Stock issued under equity plans				5			304						304
Shares withheld for taxes related to stock issued under equity plans				(1)			(289)						(289)
Cash dividends declared and paid, at a quarterly amount of $0.67 per class A common stock										(5,112)		(5,112)
Repurchases of class A common stock				(61)			(652)				(19,863)			(20,515)
Balance as of end of period	5		$507		(1)	1,800			$22,343		$(119)	$13,632			$(252)	$36,111

(1)As of September 30, 2026 and 2025, the book value of series A convertible participating preferred stock (series A preferred stock) was $395 million and $513 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)Increase or decrease is less than one million.

VISA

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY—(Continued)

	For the Year EndedSeptember 30, 2025
Preferred Stock and Additional Paid-in Capital · 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 beginning of period	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 end of period	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 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 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)

	For the Year EndedSeptember 30, 2024
Preferred Stock and Additional Paid-in Capital · 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 beginning of period	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 end of period	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.

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