V · Visa Inc.

Summary

On February 25, 2026, Visa Inc. authorized a $125 million deposit into its U.S. litigation escrow account under the U.S. retrospective responsibility plan, resulting in downward adjustments to class B-1 and B-2 common stock conversion rates effective February 26, 2026. These adjustments reduced as-converted share counts, having the same effect on earnings per share as repurchasing class A common stock.

Key takeaways

• $125 million deposited into U.S. litigation escrow account on February 25, 2026
• Class B-1 conversion rate decreased from 1.5491 to 1.5475
• Class B-2 conversion rate decreased from 1.5108 to 1.5075, effective February 26, 2026
• As-converted class B-1 shares reduced by 7,880 from 7,490,714 to 7,482,834
• As-converted class B-2 shares reduced by 392,202 from 181,804,989 to 181,412,788