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VISA INC. 8-K Report, Corporate Update (Sep 23, 2026)

Reports
Other Events
Filing Date
Filed September 23, 2026
Period End
September 18, 2026
Security
V
In the record · 2016–202610-K1010-Q338-K158

V filed 10 annual reports (10-K), 33 quarterly reports (10-Q) and 158 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · Jun ’16Jun ’16
  2. Material agreement8-K · Sep ’18Sep ’18
  3. Leadership change8-K · Jan ’21Jan ’21
  4. Leadership change8-K · Sep ’25Sep ’25

01—Abstract

Summary

Summary of the 8-K filed September 23, 2026. Cited figures are marked; the original filing is the authoritative source.

Visa Inc. has disclosed a significant event on September 23, 2026, detailing the deposit of $405 milliona into a U.S. litigation escrow account.

This action is part of the Company's U.S. retrospective responsibility plan and has direct implications for its Class B common stock (B-1, B-2, and B-3). Specifically, the deposit triggers downward adjustments to the conversion rates of these classes of stock into Class A common stock. These conversion rate adjustments are akin to a share repurchase program, affecting the as-converted share count of the Class B stock and consequently impacting earnings per share.

The filing provides specific details on the reduced conversion rates and the resulting decrease in the as-converted share counts for each Class B series. Investors should note that this event, while stemming from litigation provisions, has a dilutive effect on the Class B shareholders through reduced conversion ratios, effectively increasing the value of Class A shares on a per-share basis.

02—Key points

Key Highlights

  1. Visa Inc. deposited $405 million into its U.S. litigation escrow account on September 18, 2026.
  2. This deposit is in accordance with the Company's U.S. retrospective responsibility plan.
  3. The deposit resulted in downward adjustments to the conversion rates of Class B-1, B-2, and B-3 common stock into Class A common stock.
  4. Conversion rate for Class B-1 decreased from 1.5445 to 1.5400.
  5. Conversion rate for Class B-2 decreased from 1.5014 to 1.4924.
  6. Conversion rate for Class B-3 decreased from 1.4953 to 1.4773.
  7. These adjustments effectively reduce the as-converted share count of Class B stock, similar to a share repurchase, impacting EPS.

03—Questions

Frequently Asked Questions

  1. What is the primary reason for the $405 million deposit?

    The deposit is made into a U.S. litigation escrow account as part of Visa's U.S. retrospective responsibility plan, indicating provisions for potential litigation expenses.

  2. How does this deposit affect Visa's stock?

    The deposit causes a downward adjustment in the conversion rates of Class B-1, B-2, and B-3 common stock into Class A common stock. This has the effect of reducing the as-converted share count for Class B stock, similar to a share repurchase.

  3. Who primarily holds the affected Class B stock?

    The Class B-1, B-2, and B-3 common stock are held predominantly by U.S. financial institutions and their affiliates and successors.

  4. What is the financial impact on earnings per share (EPS)?

    The decrease in the as-converted share count for Class B stock due to the conversion rate adjustments has the same effect on earnings per share as repurchasing Class A common stock, which would typically lead to an increase in EPS on a per-share basis, assuming all other factors remain constant.

04—Continue

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