VISA INC.
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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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
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Item 16. Form 10-K Summary
None.
EXHIBIT INDEX
| Incorporated by Reference | |||||
|---|---|---|---|---|---|
| Exhibit · Exhibit · File · Exhibit · Filing | |||||
| Number | Description | Form | Number | Number | Date |
| 2.1# | Amended and Restated Transaction Agreement, dated as of May 10, 2016, between Visa Inc. and Visa Europe Limited | 8-K | 001-33977 | 2.1 | 5/10/2016 |
| 3.1 | Ninth Restated Certificate of Incorporation of Visa Inc. | 8-K | 001-33977 | 3.2 | 1/28/2026 |
| 3.2 | Amended and Restated Bylaws of Visa Inc. | 8-K | 001-33977 | 3.2 | 7/15/2026 |
| 4.1 | Form of stock certificate of Visa Inc. | S-4/A | 333-143966 | 4.1 | 9/13/2007 |
| 4.2 | Form of specimen certificate for class C common stock of Visa Inc. | 8-A | 000-53572 | 4.2 | 1/28/2009 |
| 4.3 | Certificate of Designations of Series A Convertible Participating Preferred Stock of Visa Inc. | 8-K | 001-33977 | 3.1 | 6/21/2016 |
| 4.4 | Certificate of Designations of Series B Convertible Participating Preferred Stock of Visa Inc. | 8-K | 001-33977 | 3.2 | 6/21/2016 |
| 4.5 | Certificate of Designations of Series C Convertible Participating Preferred Stock of Visa Inc. | 8-K | 001-33977 | 3.3 | 6/21/2016 |
| 4.6 | Indenture dated December 14, 2015 between Visa Inc. and U.S. Bank National Association | 8-K | 001-33977 | 4.1 | 12/14/2015 |
| 4.7 | Form of 0.750% Senior Note due 2027 | 8-K | 001-33977 | 4.1 | 8/17/2020 |
| 4.8 | Form of 1.900% Senior Note due 2027 | 8-K | 001-33977 | 4.1 | 4/2/2020 |
| 4.9 | Form of 2.750% Senior Note due 2027 | 8-K | 001-33977 | 4.2 | 9/11/2017 |
| 4.10 | Form of 2.250% Senior Note due 2028 | 8-K | 001-33977 | 4.1 | 5/15/2025 |
| 4.11 | Form of 2.000% Senior Note due 2029 | 8-K | 001-33977 | 4.2 | 6/1/2022 |
| 4.12 | Form of 3.800% Senior Note due 2029 | 8-K | 001-33977 | 4.1 | 2/12/2026 |
| 4.13 | Form of 2.050% Senior Note due 2030 | 8-K | 001-33977 | 4.2 | 4/2/2020 |
| 4.14 | Form of 1.100% Senior Note due 2031 | 8-K | 001-33977 | 4.2 | 8/17/2020 |
| 4.15 | Form of 4.100% Senior Note due 2031 | 8-K | 001-33977 | 4.2 | 2/12/2026 |
| 4.16 | Form of 3.125% Senior Note due 2033 | 8-K | 001-33977 | 4.2 | 5/15/2025 |
| 4.17 | Form of 4.400% Senior Note due 2033 | 8-K | 001-33977 | 4.3 | 2/12/2026 |
| 4.18 | Form of 2.375% Senior Note due 2034 | 8-K | 001-33977 | 4.3 | 6/1/2022 |
| 4.19 | Form of 4.150% Senior Note due 2035 | 8-K | 001-33977 | 4.6 | 12/14/2015 |
| 4.20 | Form of 4.700% Senior Note due 2036 | 8-K | 001-33977 | 4.4 | 2/12/2026 |
| 4.21 | Form of 3.500% Senior Note due 2037 | 8-K | 001-33977 | 4.3 | 5/15/2025 |
| 4.22 | Form of 2.700% Senior Note due 2040 | 8-K | 001-33977 | 4.3 | 4/2/2020 |
| 4.23 | Form of 3.875% Senior Note due 2044 | 8-K | 001-33977 | 4.4 | 5/15/2025 |
| 4.24 | Form of 4.300% Senior Note due 2045 | 8-K | 001-33977 | 4.7 | 12/14/2015 |
| 4.25 | Form of 3.650% Senior Note due 2047 | 8-K | 001-33977 | 4.3 | 9/11/2017 |
| 4.26 | Form of 2.000% Senior Note due 2050 | 8-K | 001-33977 | 4.3 | 8/17/2020 |
| 4.27+ | Description of Securities | ||||
| 10.1 | Form of Indemnity Agreement | 10-Q | 001-33977 | 10.1 | 1/31/2020 |
| 10.2 | Amended and Restated Global Restructuring Agreement, dated August 24, 2007, by and among Visa Inc., Visa International Service Association, Visa U.S.A. Inc., Visa Europe Limited, Visa Canada Association, Inovant LLC, Inovant, Inc., Visa Europe Services, Inc., Visa International Transition LLC, VI Merger Sub, Inc., Visa USA Merger Sub Inc. and 1734313 Ontario Inc. | S-4/A | 333-143966 | Annex A | 9/13/2007 |
| 10.3 | Form of Escrow Agreement by and among Visa Inc., Visa U.S.A. Inc. and the escrow agent | S-4 | 333-143966 | 10.15 | 6/22/2007 |
| 10.4ø | Form of Framework Agreement by and among Visa Inc., Visa Europe Limited, Inovant LLC, Visa International Services Association and Visa U.S.A. Inc. | S-4/A | 333-143966 | 10.17 | 7/24/2007 |
| 10.5# | Amended and Restated Five Year Revolving Credit Agreement, dated as of May 31, 2023, by and among Visa Inc., Visa International Service Association, Visa U.S.A. Inc. and Visa Europe Limited, as borrowers, Bank of America, N.A., as administrative agent, JPMorgan Chase Bank N.A., as syndication agent, and the lenders referred to therein | 10-Q | 001-33977 | 10.1 | 07/26/2023 |
| 10.6ø | Form of Interchange Judgment Sharing Agreement by and among Visa International Service Association and Visa U.S.A. Inc., and the other parties thereto | S-4/A | 333-143966 | 10.13 | 7/24/2007 |
| 10.7 | Interchange Judgment Sharing Agreement Schedule | 8-K | 001-33977 | 10.2 | 2/8/2011 |
| 10.8 | Amendment of Interchange Judgment Sharing Agreement | 10-K | 001-33977 | 10.10 | 11/20/2015 |
| 10.9 | Form of Loss Sharing Agreement by and among Visa U.S.A. Inc., Visa International Service Association, Visa Inc. and various financial institutions | S-4/A | 333-143966 | 10.14 | 7/24/2007 |
| 10.10 | Loss Sharing Agreement Schedule | 8-K | 001-33977 | 10.1 | 2/8/2011 |
| 10.11 | Amendment of Loss Sharing Agreement | 10-K | 001-33977 | 10.13 | 11/20/2015 |
| 10.12 | Form of Litigation Management Agreement by and among Visa Inc., Visa International Service Association, Visa U.S.A. Inc. and the other parties thereto | S-4/A | 333-143966 | 10.18 | 8/22/2007 |
| 10.13 | Omnibus Agreement, dated February 7, 2011, regarding Interchange Litigation Judgment Sharing and Settlement Sharing by and among Visa Inc., Visa U.S.A. Inc., Visa International Service Association, Mastercard Incorporated, Mastercard International Incorporated and the parties thereto | 8-K | 001-33977 | 10.2 | 7/16/2012 |
| 10.14 | Amendment, dated August 26, 2014, to the Omnibus Agreement regarding Interchange Litigation Judgment Sharing and Settlement Sharing by and among Visa Inc., Visa U.S.A. Inc., Visa International Service Association, Mastercard Incorporated, Mastercard International Incorporated and the parties thereto | 10-K | 001-33977 | 10.14 | 11/21/2014 |
| 10.15 | Second Amendment, dated October 22, 2015, to Omnibus Agreement regarding Interchange Litigation Judgment Sharing and Settlement Sharing | 10-K | 001-33977 | 10.17 | 11/20/2015 |
| 10.16 | Settlement Agreement, dated October 19, 2012, by and among Visa Inc., Visa U.S.A. Inc., Visa International Service Association, Mastercard Incorporated, Mastercard International Incorporated, various U.S. financial institution defendants, and the class plaintiffs to resolve the class plaintiffs’ claims in the matter styled In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, No. 05-MD-1720 | 10-Q | 001-33977 | 10.3 | 2/6/2013 |
| 10.17 | Superseding and Amended Settlement Agreement, dated September 17, 2018, by and among Visa Inc., Visa U.S.A. Inc., Visa International Service Association, Mastercard Incorporated, Mastercard International Incorporated, various U.S. financial institution defendants, and the damages class plaintiffs to resolve the damages class plaintiffs’ claims in the matter styled In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation, No. 05-MD-1720 | 8-K | 001-33977 | 10.1 | 9/18/2018 |
| 10.18 | Form of Makewhole Agreement effective May 6, 2024 | S-4A | 333-276747 | 99.2 | 3/11/2024 |
| 10.19 | Form of Makewhole Agreement effective May 11, 2026 | 8-K | 001-33977 | 10.1 | 5/12/2026 |
| 10.20 | Loss Sharing Agreement, dated as of November 2, 2015, among the UK Members listed on Schedule 1 thereto, Visa Inc. and Visa Europe Limited | 8-K | 001-33977 | 10.1 | 11/2/2015 |
| 10.21 | Litigation Management Deed, dated as of June 21, 2016, by and among the VE Member Representative, Visa Inc., the LMC Appointing Members, the UK&I DCC Appointing Members, the Europe DCC Appointing Members and the UK&I DCC Interested Members | 8-K | 001-33977 | 10.1 | 6/21/2016 |
| 10.22* | Visa 2005 Deferred Compensation Plan, effective as of August 12, 2015 | 10-K | 001-33977 | 10.21 | 11/20/2015 |
| 10.23* | Visa Directors Deferred Compensation Plan, as amended and restated as of July 22, 2014 | 10-K | 001-33977 | 10.17 | 11/21/2014 |
| 10.24* | Visa Inc. 2007 Equity Incentive Compensation Plan, amended and restated as of January 26, 2021 | 8-K | 001-33977 | 10.22 | 1/27/2021 |
|---|---|---|---|---|---|
| 10.25* | Visa Inc. Incentive Plan, as amended and restated as of July 18, 2022 | 10-Q | 001-33977 | 10.1 | 7/28/2022 |
| 10.26* | Visa Excess Thrift Plan, as amended and restated as of January 1, 2008 | 10-K | 001-33977 | 10.31 | 11/21/2008 |
| 10.27* | Visa Excess Retirement Benefit Plan, as amended and restated as of January 1, 2008 | 10-K | 001-33977 | 10.32 | 11/21/2008 |
| 10.28* | First Amendment, effective January 1, 2011, of the Visa Excess Retirement Benefit Plan, as amended and restated as of January 1, 2008 | 10-K | 001-33977 | 10.34 | 11/18/2011 |
| 10.29* | Visa Inc. Executive Severance Plan, effective as of January 1, 2022 | 10-Q | 001-33977 | 10.8 | 1/28/2022 |
| 10.30* | Visa Executive Officer Cash Severance Policy, effective as of November 6, 2023 | 10-K | 001-33977 | 10.28 | 11/15/2023 |
| 10.31* | Visa Inc. Clawback Policy, as amended and restated November 1, 2023 | 10-K | 001-33977 | 10.29 | 11/15/2023 |
| 10.32* | Visa Inc. Employee Stock Purchase Plan | DEF 14A | 001-33977 | Appendix B | 12/12/2014 |
| 10.33* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Director Restricted Stock Unit Award Agreement for awards granted after November 1, 2014 | 10-K | 001-33977 | 10.40 | 11/21/2014 |
| 10.34* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Stock Option Award Agreement for awards granted after November 1, 2015 | 10-Q | 001-33977 | 10.1 | 1/28/2016 |
| 10.35* | Form of Alternate Visa Inc. 2007 Equity Incentive Compensation Plan Stock Option Award Agreement for awards granted after November 1, 2015 | 10-K | 001-33977 | 10.34 | 11/18/2021 |
| 10.36* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Director Restricted Stock Unit Award Agreement for awards granted after November 1, 2017 | 10-Q | 001-33977 | 10.1 | 2/1/2018 |
| 10.37* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Director Restricted Stock Unit Award Agreement for awards granted after November 1, 2018 | 10-Q | 001-33977 | 10.1 | 1/31/2019 |
| 10.38* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Stock Option Award Agreement for awards granted after November 1, 2018 | 10-Q | 001-33977 | 10.6 | 1/31/2019 |
| 10.39* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Director Restricted Stock Unit Award Agreement for awards granted after January 1, 2021 | 10-K | 001-33977 | 10.44 | 11/18/2021 |
| 10.40* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Stock Option Award Agreement for the CEO for awards granted after November 1, 2021 | 10-Q | 001-33977 | 10.3 | 1/28/2022 |
|---|---|---|---|---|---|
| 10.41* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Restricted Stock Unit Award Agreement for awards granted after November 1, 2021 | 10-Q | 001-33977 | 10.5 | 1/28/2022 |
| 10.42* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Stock Option Award Agreement for awards granted after November 1, 2021 | 10-Q | 001-33977 | 10.6 | 1/28/2022 |
| 10.43* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Stock Option Award Agreement for awards granted after January 23, 2023 | 10-Q | 001-33977 | 10.1 | 4/27/2023 |
| 10.44* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Performance Share Award Agreement for awards granted after January 23, 2023 | 10-Q | 001-33977 | 10.2 | 4/27/2023 |
| 10.45* | Form of Alternate Visa Inc. 2007 Equity Incentive Compensation Plan Performance Share Award Agreement for awards granted after January 23, 2023 | 10-Q | 001-33977 | 10.3 | 4/27/2023 |
| 10.46* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Stock Option Award Agreement for awards granted after November 1, 2024 | 10-Q | 001-33977 | 10.1 | 1/31/2025 |
| 10.47* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Performance Share Award Agreement for awards granted after November 1, 2024 | 10-Q | 001-33977 | 10.2 | 1/31/2025 |
| 10.48* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Restricted Stock Unit Award Agreement for awards granted after November 1, 2024 | 10-Q | 001-33977 | 10.3 | 1/31/2025 |
| 10.49* | Form of Visa Inc. 2007 Equity Incentive Compensation Plan Director Restricted Stock Unit Award Agreement for awards granted on and after January 28, 2025 | 10-Q | 001-33977 | 10.1 | 4/30/2025 |
| 10.50* | Form of Amendment Notification to Stock Option and Performance Share Award Holders | 10-Q | 001-33977 | 10.4 | 4/27/2023 |
| 10.51* | Offer Letter and One-Time Cash Award Agreement, dated June 13, 2023, between Visa Inc. and Chris Suh | 8-K | 001-33977 | 99.2 | 06/20/2023 |
| 10.52* | Aircraft Time Sharing Agreement, effective January 30, 2023, between Visa and Ryan McInerney | 10-Q | 001-33977 | 10.6 | 4/27/2023 |
| 10.53* | Amendment to the Aircraft Time Sharing Agreement, dated as of May 20, 2025, between Visa and Ryan McInerney | 10-Q | 001-33977 | 10.1 | 7/30/2025 |
| 19.1+ | Prevention of Insider Trading Policy, as Amended and Restated on September 9, 2026 |
| 21.1+ | List of Significant Subsidiaries of Visa Inc. |
| 23.1+ | Consent of KPMG LLP, Independent Registered Public Accounting Firm |
| 31.1+ | Rule 13a-14(a)/15d-14(a) Certification of Principal Executive Officer |
| 31.2+ | Rule 13a-14(a)/15d-14(a) Certification of Principal Financial Officer |
| 32.1+ | Section 1350 Certification of Principal Executive and Financial Officer |
| 101.INS+ | Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document. |
| 101.SCH+ | Inline XBRL Taxonomy Extension Schema Document |
| 101.CAL+ | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF+ | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB+ | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE+ | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104+ | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101) |
ø Confidential treatment has been requested for portions of this agreement. A completed copy of the agreement, including the redacted portions, has been filed separately with the SEC.
- Management contract, compensatory plan or arrangement.
- Filed or furnished herewith.
Schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. A copy of any omitted schedule will be furnished supplementally to the SEC upon request; provided, however, that the parties may request confidential treatment pursuant to Rule 24b-2 of the Exchange Act for any document so furnished.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this Annual Report on Form 10-K to be signed on its behalf by the undersigned, thereunto duly authorized.
| VISA INC. | |
|---|---|
| By: | /s/ Ryan McInerney |
| Name: | Ryan McInerney |
| Title: | Chief Executive Officer |
| Date: | November 5, 2026 |
Pursuant to the requirements of the Securities Exchange Act of 1934, this Annual Report on Form 10-K has been signed below by the following persons on behalf of the Registrant in the capacities and on the dates indicated:
| Signature | Title | Date |
|---|---|---|
| /s/ Ryan McInerney | Chief Executive Officer and Director | November 5, 2026 |
| Ryan McInerney | (Principal Executive Officer) | |
| /s/ Chris Suh | Chief Financial Officer | November 5, 2026 |
| Chris Suh | (Principal Financial Officer) | |
| /s/ Peter Andreski | Global Corporate Controller, Chief Accounting Officer | November 5, 2026 |
| Peter Andreski | (Principal Accounting Officer) | |
| /s/ John F. Lundgren | Board Chair | November 5, 2026 |
| John F. Lundgren | ||
| /s/ Lloyd A. Carney | Director | November 5, 2026 |
| Lloyd A. Carney | ||
| /s/ Kermit R. Crawford | Director | November 5, 2026 |
| Kermit R. Crawford | ||
| /s/ Francisco Javier Fernández-Carbajal | Director | November 5, 2026 |
| Francisco Javier Fernández-Carbajal | ||
| /s/ Teri L. List | Director | November 5, 2026 |
| Teri L. List | ||
| /s/ Denise M. Morrison | Director | November 5, 2026 |
| Denise M. Morrison | ||
| /s/ Pamela Murphy | Director | November 5, 2026 |
| Pamela Murphy | ||
| /s/ William Ready | Director | November 5, 2026 |
| William Ready | ||
| /s/ Linda J. Rendle | Director | November 5, 2026 |
| Linda J. Rendle | ||
| /s/ Maynard G. Webb, Jr. | Director | November 5, 2026 |
| Maynard G. Webb, Jr. | ||
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.