Visa Inc.'s Stock Analysis

Visa Reaches Proposed Settlement in Antitrust Litigation Case

Visa has proposed a settlement to resolve claims from U.S. merchants in a long-standing antitrust lawsuit related to payment card interchange fees and merchant discounts. The settlement aims to provide merchants with more options for payment acceptance, including the ability to surcharge credit transactions and selectively accept different categories of credit cards. Additionally, it includes a reduction in the average effective credit interchange rate and caps on interchange rates for a five-year period.

The proposed settlement is subject to court approval and is designed to enhance competition within the payment processing industry. It also includes a merchant education program to assist businesses in managing payment acceptance costs. The resolution seeks to address allegations of unlawful price fixing and monopolization by Visa and Mastercard, without admitting any liability on the part of the defendants.

Nov 10, 2025 08:30:43

Visa Announces Q4 and Full-Year 2025 Financial Results

On October 28, 2025, Visa Inc. released its financial results for the fiscal fourth quarter and full year ending September 30, 2025. The company will also hold a conference call on the same day to discuss these results in detail.

Additionally, Visa's board of directors declared a quarterly cash dividend of $0.670 per share of class A common stock, which will be payable on December 1, 2025, to shareholders on record as of November 12, 2025.

Oct 28, 2025 16:06:03

Visa Expands Board with Appointment of Bill Ready

Visa Inc. has increased its board of directors from 11 to 12 members with the election of Bill Ready, effective September 29, 2025. Ready, the current CEO of Pinterest, has extensive experience in the payments industry, having previously held leadership roles at Google, PayPal, and Braintree. His appointment is expected to enhance Visa's strategic decision-making in the evolving payments landscape.

Bill Ready will serve on both the Finance Committee and the Nominating and Corporate Governance Committee. He will receive compensation in line with Visa's standard arrangements for non-employee directors. The company will also enter into an indemnification agreement with him. This change reflects Visa's commitment to leveraging industry expertise to navigate the competitive digital payments sector.

Sep 29, 2025 16:06:58

Visa Adjusts Conversion Rates for Class B Common Stock

On September 26, 2025, Visa Inc. announced new conversion rates for its class B-1 and B-2 common stock following a $500 million deposit into a U.S. litigation escrow account. The conversion rate for class B-1 common stock decreased from 1.5609 to 1.5549, while the rate for class B-2 common stock decreased from 1.5342 to 1.5223, effective September 25, 2025.

As a result of these adjustments, the share count for as-converted class B-1 common stock was reduced by approximately 28,885 shares, bringing the total to 7,518,496. Similarly, the as-converted class B-2 common stock share count decreased by about 1,437,724 shares, resulting in a total of 183,187,821. These changes were made in accordance with the company's certificate of incorporation and reflect the volume-weighted average price over a specified pricing period.

Sep 26, 2025 16:12:37

Visa Deposits $500 Million into Litigation Escrow Account

Visa Inc. has authorized a deposit of $500 million into its U.S. litigation escrow account as part of its retrospective responsibility plan. This action will lead to potential dilution of class B-1 and B-2 common stock, which are primarily held by U.S. financial institutions, through downward adjustments to their conversion rates into class A common stock.

The adjustments resulting from this deposit will affect the earnings per share in a manner similar to repurchasing class A common stock. The company will execute these actions in accordance with its existing certificate of incorporation.

Sep 19, 2025 16:08:17

Visa Announces Release of $1.4 Billion from Preferred Stock

Visa Inc. announced the release of approximately $1.4 billion from its Series B and Series C Convertible Participating Preferred Stock as part of the fourth mandatory release assessment related to the Visa Europe acquisition. This release, effective August 18, 2025, follows a conservative assessment of ongoing litigation risks concerning multilateral interchange fee rates in the Visa Europe territory, conducted in consultation with the Litigation Management Committee.

The adjustments resulting from this release will lead to a downward change in the Class A Common Equivalent Number for both Series B and Series C Preferred Stock. Specifically, the Series B Preferred Stock will see a reduction from 0.996 to 0.669, while the Series C Preferred Stock will decrease from 1.783 to 0.764. Additionally, Visa will issue approximately 40,080 shares of Series A Preferred Stock to holders of the Preferred Stock, which will convert into Class A Common Stock upon sale to eligible holders.

Aug 08, 2025 16:07:08

Visa Announces Fiscal Q3 2025 Results and Dividend Declaration

On July 29, 2025, Visa Inc. released its financial results for the fiscal third quarter ending June 30, 2025. The company will also host a conference call on the same day to discuss these results in detail. The earnings release is available as an exhibit for further review.

Additionally, Visa's board of directors declared a quarterly cash dividend of $0.590 per share of class A common stock, which will be payable on September 2, 2025, to shareholders on record as of August 12, 2025.

Jul 29, 2025 16:06:16

Visa Amends Bylaws for Director Nomination Process

Visa Inc. has amended its Amended and Restated Bylaws, effective July 22, 2025. The changes introduce a cure process for deficiencies in director nomination notices submitted by shareholders, allowing them to address any issues identified by the Company within specified timeframes.

The amendment aims to streamline the nomination process by enabling shareholders to correct deficiencies in their notices. This adjustment is intended to enhance shareholder engagement and participation in corporate governance, as detailed in the amended Bylaws, which are available in the filed exhibit.

Jul 23, 2025 16:08:09

Visa Announces Q2 2025 Results and New Share Repurchase Program

Visa reported a GAAP net income of $4.6 billion or $2.32 per share for the fiscal second quarter of 2025, reflecting a slight decrease of 2% compared to the previous year. The company achieved a net revenue of $9.6 billion, representing a 9% increase, driven by growth in payments volume, cross-border volume, and processed transactions. Visa's board of directors has authorized a new $30 billion multi-year share repurchase program and declared a quarterly cash dividend of $0.590 per share, payable on June 2, 2025.

The company experienced an 8% increase in payments volume and a 13% rise in total cross-border volume compared to the prior year. Non-GAAP net income for the quarter was $5.4 billion or $2.76 per share, marking a 6% year-over-year increase. Visa's operating expenses rose by 22%, primarily due to a litigation provision. The company reported cash and cash equivalents of $15.2 billion as of March 31, 2025, and repurchased approximately 13 million shares during the quarter at an average cost of $340.26 per share.

Apr 29, 2025 16:05:41

Visa Q1 2025: $5.1B Net Income and $9.5B Revenue

Visa reported a GAAP net income of $5.1 billion, translating to $2.58 per share, marking a 5% increase from the previous year. The company achieved net revenue of $9.5 billion, a 10% rise year-over-year, driven by growth in payments volume, cross-border transactions, and processed transactions. The non-GAAP net income was $5.5 billion or $2.75 per share, reflecting an 11% increase. Visa also engaged in significant share repurchases and declared a quarterly cash dividend of $0.590 per share, payable in March 2025.

On the downside, Visa's GAAP operating expenses rose 22% to $3.3 billion, primarily due to increased personnel and administrative costs. The current quarter's results included special items totaling $213 million related to severance, lease consolidation, and litigation provisions. Additionally, Visa experienced net losses of $75 million from equity investments and a 138% increase in non-operating expenses, which included investment losses. Overall, while revenue and income showed positive trends, the rise in expenses and special items presented challenges.

Jan 30, 2025 16:05:52