V
Visa Inc.345.11
-1.78-0.51%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q1 '26
Key Stats
Market Cap
666.03BP/E (TTM)
33.77Basic EPS (TTM)
10.22Dividend Yield
0.01%Recent Filings
8-K
Visa Q4 revenue up 12%
Visa reported Q4 net revenue up 12% to $10.7B, driven by 9% payments volume growth, 12% cross-border volume, and 10% processed transactions at 67.7B. GAAP net income dipped 4% to $5.1B due to $899M litigation provision, yet non-GAAP net income rose 7% to $5.8B. Board hiked quarterly dividend 14% to $0.670/share. Litigation weighs on results.
8-K
Visa trims B-share conversions
Visa deposited $500 million into its U.S. litigation escrow on September 25, 2025, triggering class B-1 and B-2 conversion rate cuts to 1.5549 and 1.5223, respectively. This slashed as-converted class B share counts by 28,885 and 1,437,724 shares—equivalent to a Class A repurchase. Adjustments followed the certificate of incorporation using the five-day VWAP.
8-K
Visa funds litigation escrow
Visa deposited $500 million into its U.S. litigation escrow on September 18, 2025, under the retrospective responsibility plan. This triggers dilution in class B-1 and B-2 conversion rates, held mostly by U.S. banks. Effect matches class A stock repurchases. Adjustments follow the certificate of incorporation.
8-K
Visa frees $1.4B litigation escrow
Visa released $1.4 billion from its Series B and C Preferred Stock tied to the 2016 Visa Europe acquisition, following the fourth mandatory litigation risk assessment on June 21, 2025. Effective August 18, this slashes Series B's Class A equivalent from 0.996 to 0.669 and Series C's from 1.783 to 0.764, issuing 40,080 Series A shares for partial conversion. Litigation escrow shrinks sharply.
10-Q
Q3 FY2025 results
Visa posted $10.2B net revenue for Q3 FY2025 ended June 30, up 14% y/y from $8.9B, with international at 18% y/y outpacing U.S. 8% y/y; operating income climbed to $6.2B from $5.9B y/y while gross margins held firm despite personnel and litigation costs. Diluted Class A EPS hit $2.69, up 12% y/y, confirmed against 1,959M shares with anti-dilution from preferred conversions. Cash swelled to $17.1B, operating cash flow $16.8B YTD (FCF not disclosed in the 10-Q), total debt $25.1B after May Euro notes issuance; closed Featurespace acquisition in Dec 2024 for $946M, recognizing $794M goodwill. Repurchased $13.2B in shares YTD. Ongoing interchange multidistrict litigation poses settlement risks.
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