Highest-materiality recent filing
Visa settles B-1/B-2 exchange; $17.4B interchange at issue in US litigation
Settlement of exchange offer for all outstanding Class B-1 and B-2 common stock; holders received Class B-3 and Class C common stock.
Visa Q2 FY2026 revenue up 17% to $11.2B; GAAP EPS $3.14; new $20B buyback
GAAP net income $6.0B ($3.14 EPS); non-GAAP net income $6.3B ($3.31 EPS), up 32% and 17% YoY.
Visa: Litigation fees drop below 50% threshold, clearing path for Class B exchange offer
Estimated interchange fees in unresolved U.S. litigation fell from $49.6B (Oct 2023) to ~$39.4B (Oct 2025); expected to drop below $24.8B after 7-Eleven dismissal.
Visa issues $3.0B in senior notes across four tranches with maturities 2029-2036
Sold $900M of 3.800% notes due 2029, $750M of 4.100% notes due 2031, $700M of 4.400% notes due 2033, and $650M of 4.700% notes due 2036.
Visa Q1 FY2026 revenue $10.9B (+15%), GAAP EPS $3.03, non-GAAP $3.17
GAAP net income $5.9B ($3.03 EPS), up 14% YoY; non-GAAP net income $6.1B ($3.17 EPS) up 12%.
Visa proposes settlement in interchange antitrust suit; 10 bps rate cut for 5 years
Settlement with U.S. merchants resolves claims in long-running multi-district litigation over interchange fees.
Visa Q4 GAAP EPS $2.62, non-GAAP $2.98; revenue $10.7B +12%; dividend raised 14% to $0.670
GAAP net income $5.1B ($2.62/sh); non-GAAP $5.8B ($2.98/sh) for Q4. Full-year: GAAP $20.1B ($10.20/sh), non-GAAP $22.5B ($11.47/sh).
Visa Q3 GAAP EPS $2.69 (+12% YoY), revenue $10.2B (+14%); declares $0.590 dividend
GAAP net income $5.3B, EPS $2.69 (+12% YoY); non-GAAP EPS $2.98 (+23% YoY).
GAAP net income $4.6B ($2.32 EPS); non-GAAP net income $5.4B ($2.76 EPS), up 6% and 10% YoY respectively.
Visa reports Q1 FY2025 revenue $9.5B up 10%, GAAP EPS $2.58 up 8%, declares $0.59 dividend
GAAP net income $5.1B ($2.58 EPS), up 8% YoY; non-GAAP net income $5.5B ($2.75 EPS), up 14%.
Visa reports Q4 GAAP EPS $2.65, revenue $9.6B (+12% YoY); raises dividend 13% to $0.59
Q4 GAAP net income $5.3B ($2.65 EPS); non-GAAP EPS $2.71; net revenue $9.6B, up 12% YoY.
Visa deposits $1.5B into litigation escrow, triggers class B stock conversion adjustment
Visa deposited $1.5 billion into the litigation escrow account under its U.S. retrospective responsibility plan.
Visa Q3 FY2024: net revenue $8.9B (+10%), GAAP EPS $2.40 (+20%), dividend raised to $0.52
GAAP net income $4.9B ($2.40 EPS); non-GAAP EPS $2.42, up 12% YoY.
Visa completes exchange of 98% of Class B-1 common stock for B-2 and C shares
240,677,470 Class B-1 shares tendered in exchange offer that expired May 3, 2024.
Visa Q2 GAAP EPS $2.29, non-GAAP $2.51, revenue $8.8B (+10%), dividend $0.52
GAAP net income $4.7B, EPS $2.29 (up 12%); non-GAAP net income $5.1B, EPS $2.51 (up 20%).
Settlement reduces credit interchange rates for U.S. merchants and caps those reduced rates for five years (through 2030).
Visa Q1 fiscal 2024 revenue up 9% to $8.6B; GAAP EPS $2.39, non-GAAP $2.41
GAAP net income $4.9B ($2.39 EPS); non-GAAP net income $4.9B ($2.41 EPS).
Visa shareholders approve charter amendment to allow exchange offers unlocking Class B stock
All 11 director nominees elected with strong majority (>97% for each).
Visa Q4 GAAP EPS $2.27 (+22%); revenue $8.6B (+11%); dividend raised 16% to $0.52
Q4 GAAP net income $4.7B, EPS $2.27; non-GAAP EPS $2.33 (+21% YoY). Full-year revenue $32.7B (+11%).
Alfred F. Kelly Jr. to retire as Visa Executive Chairman on Jan 23, 2024; Lundgren to succeed
Alfred F. Kelly Jr. will retire as Executive Chairman and Board member on January 23, 2024; will serve as Senior Advisor until February 15, 2024.
Visa proposes charter amendments for exchange offers to release Class B stock transfer restrictions
BoD authorized engagement with stockholders on amendments to allow exchange offers for 245M Class B shares (~390M Class A equivalent, ~$96B value).
Visa Q3 fiscal 2023: GAAP EPS $2.00, revenue $8.1B (+12%), cross-border volume +22%
GAAP net income $4.2B ($2.00 EPS) +22%; non-GAAP net income $4.5B ($2.16 EPS) +7%.
Visa deposits $500M into litigation escrow, triggering class B conversion adjustment
Visa deposited $500 million into U.S. litigation escrow account under its retrospective responsibility plan.
Visa appoints Chris Suh as CFO, effective August 1, 2023, succeeding Vasant Prabhu
Chris Suh appointed EVP and CFO, starts July 10 as CFO Designate, assumes full CFO role August 1.
Visa reports May 2023 U.S. payments volume up 5% YoY; cross-border volume reaches 151% of 2019
May U.S. payments volume +5% YoY (Credit +5%, Debit +6%); card-not-present volume +7%.
Visa Q2 FY2023 GAAP EPS $2.03 (+20% YoY), revenue $8.0B (+11%); cross-border volume up 32% ex-Europe
GAAP net income $4.3B ($2.03 EPS), up 20% YoY; non-GAAP EPS $2.09, up 17%.
Visa CFO Vasant Prabhu to depart Sept 30, 2023; will assist in successor search
Vasant Prabhu, Vice Chair and CFO, will leave Visa on Sept 30, 2023.
the Board elected John F. Lundgren, Visa’s current Lead Independent Director, to serve as Chair of the Board, effective January 23, 2024
Alfred F. Kelly, Jr., Executive Chairman of Visa Inc. (“Visa”) informed the Nominating and Governance Committee of the Board of Directors ("Board") of his intention not to stand for re-election and to retire as Executive Chairman and as a member of the Board on January 23, 2024.
On June 20, 2023, Visa Inc. (“Visa,” or the “Company”) announced that Chris Suh, 52, has been appointed to serve as Executive Vice President, Chief Financial Officer (“CFO”) of the Company, effective August 1, 2023.
Mr. Suh succeeds Vasant Prabhu, who is departing the Company on September 30, 2023.
On April 10, 2023, the board of directors (the "Board") of Visa Inc. (the "Company") increased the size of the Board from 11 to 12 members and elected Pam Murphy to the Board, effective April 10, 2023, for a term that will expire at the Company's 2024 Annual Meeting of Stockholders.
On February 16, 2023, Visa Inc. (“Visa” or “the Company”) announced that Vasant Prabhu, 63, Vice Chair, Chief Financial Officer, will depart the Company on September 30, 2023.
The equity award to Mr. Taneja is in connection with his expanded responsibilities as President, Technology.
The Company previously announced on November 17, 2022 that the Board unanimously elected Mr. McInerney to succeed Alfred F. Kelly, Jr. as the Company’s Chief Executive Officer
the appointment of Ryan McInerney to the Board, effective February 1, 2023
Mr. Kelly would continue to serve the Company as Executive Chairman of the Board, both effective February 1, 2023
The equity award to Ms. Mahon Tullier is in connection with her expanded role of Vice Chair, Chief People and Corporate Affairs Officer, effective February 1, 2023.
Mr. Kelly will no longer serve as the Company’s Chief Executive Officer but will continue to serve the Company as Executive Chairman of the Board of Directors.
Max materiality 0.85 · Median 0.60 · Most common event other_material