Visa Inc.

Company facts

Industry

Services-Business Services, NEC

Headquarters

San Francisco, California

Most recent report

10-Q, filed Jul 29, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 1403161

Fiscal year ends

September

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 3 positive, 8 notable, and 4 negative flags.

• Financial Statements (Item 1)

  Full financial statements with company-specific results, risks, and structure changes.
  Positive

  • Preliminary approval of superseding MDL settlement granted on June 9, 2026; final approval sought.
  • Securities class action dismissed without leave to amend on June 29, 2026.
  Notable

  • Prisma/Newpay acquisition: $1.5B cash; goodwill $1,034M; subject to Argentine competition review.
  • Remaining performance obligations $5.6B, up from $5.5B in prior quarter; half expected in two years.
  • Leases not yet commenced: $640M, up from $560M in prior quarter; start fiscal 2027-2029.
  • Maximum daily settlement exposure $168.6B; average $99.5B; collateral held $9.5B.
  • Effective tax rate 18% for Q3 2026, up from 17% in Q3 2025; includes $18M deferred tax benefit.
  Negative

  • New class actions filed: Potayto-Potahto Interchange Litigation on April 21, 2026.
  • Europe Interchange Litigation filed in UK High Court on April 20, 2026, seeking damages from 2019.

• Management's Discussion (Item 2)

  Detailed Q3 results, litigation, buyback, and risk updates that a reader needs.
  Positive

  • Q3 net revenue up 14% to $11.6B, 9M up 15% to $33.8B.
  Notable

  • Class B exchange in May 2026: accepted 3M B-1 and 120M B-2 shares, issued 61M B-3 and 23M C.
  • Repurchased $16.5B in shares during 9M 2026; new $20B authorization leaves $28.4B remaining.
  • Value-added services revenue surged 33% in Q3 and 32% in 9M, reaching $3.8B and $10.3B respectively.
  Negative

  • Recorded additional $1.1B in accruals for interchange multidistrict litigation in 9M 2026.
  • Brazil regulatory changes will require Visa to extend settlement guarantees to sellers, increasing exposure.

What changed: Jun 2026 vs. Mar 2026

About 14% of V's Jun 2026 10-Q is new information. 43 paragraphs were added, 139 changed, and 12 removed. Below are the most important lines SECSift identified.

• Item 1 59
• Item 2 49
• Item 6 16
• Item 5 5
• Item 4 1