VISA INC., 10-Q filed on 7/24/2024
Quarterly Report
v3.24.2
Cover - shares
 9 Months Ended
Jun. 30, 2024
Jul. 17, 2024
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2024  
Document Transition Report false  
Entity File Number 001-33977  
Entity Registrant Name VISA INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 26-0267673  
Entity Address, Address Line One P.O. Box 8999  
Entity Address, City or Town San Francisco,  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94128-8999  
City Area Code 650  
Local Phone Number 432-3200  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001403161  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2024  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Class A Common Stock    
Document Information [Line Items]    
Title of 12(b) Security Class A Common Stock, par value $0.0001 per share  
Trading Symbol V  
Security Exchange Name NYSE  
Entity Common Stock, Shares Outstanding   1,670,444,965
2026 Notes    
Document Information [Line Items]    
Title of 12(b) Security 1.500% Senior Notes due 2026  
Trading Symbol V26  
Security Exchange Name NYSE  
2029 Notes    
Document Information [Line Items]    
Title of 12(b) Security 2.000% Senior Notes due 2029  
Trading Symbol V29  
Security Exchange Name NYSE  
2034 Notes    
Document Information [Line Items]    
Title of 12(b) Security 2.375% Senior Notes due 2034  
Trading Symbol V34  
Security Exchange Name NYSE  
Class B-1 common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   4,835,384
Class B-2 common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   120,338,948
Class C common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   26,686,926
v3.24.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
Assets    
Cash and cash equivalents $ 12,947 $ 16,286
Restricted cash equivalents—U.S. litigation escrow 1,596 1,764
Investment securities 3,697 3,842
Settlement receivable 2,128 2,183
Accounts receivable 2,521 2,291
Customer collateral 3,472 3,005
Current portion of client incentives 1,821 1,577
Prepaid expenses and other current assets 2,857 2,584
Total current assets 31,039 33,532
Investment securities 3,037 1,921
Client incentives 4,133 3,789
Property, equipment and technology, net 3,766 3,425
Goodwill 18,816 17,997
Intangible assets, net 26,243 26,104
Other assets 4,006 3,731
Total assets 91,040 90,499
Liabilities    
Accounts payable 331 375
Settlement payable 2,576 3,269
Customer collateral 3,472 3,005
Accrued compensation and benefits 1,251 1,506
Client incentives 8,562 8,177
Accrued liabilities 4,732 5,015
Accrued litigation 1,688 1,751
Total current liabilities 22,612 23,098
Long-term debt 20,602 20,463
Deferred tax liabilities 5,119 5,114
Other liabilities 2,978 3,091
Total liabilities 51,311 51,766
Commitments and contingencies (Note 13)
Equity    
Preferred stock 1,425 1,698
Right to recover for covered losses (46) (140)
Additional paid-in capital 20,832 20,452
Accumulated income 18,578 18,040
Accumulated other comprehensive income (loss):    
Investment securities (19) (64)
Defined benefit pension and other postretirement plans (145) (155)
Derivative instruments (120) (177)
Foreign currency translation adjustments (776) (921)
Total accumulated other comprehensive income (loss) (1,060) (1,317)
Total equity 39,729 38,733
Total liabilities and equity 91,040 90,499
Class A common stock    
Liabilities    
Accrued liabilities 200  
Equity    
Common stock 0 0
Class B-1 and B-2 common stock    
Equity    
Common stock 0 0
Class C common stock    
Equity    
Common stock $ 0 $ 0
v3.24.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares
shares in Millions
Jun. 30, 2024
Sep. 30, 2023
Preferred stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Preferred stock, shares issued (in shares) 5 5
Preferred stock, shares outstanding (in shares) 5 5
Common Stock    
Common stock, par value (in dollars per share) $ 0.0001 $ 0.0001
Class A common stock    
Common stock, shares issued (in shares) 1,678 1,594
Common stock, shares outstanding (in shares) 1,678 1,594
Class B-1 and B-2 common stock    
Common stock, shares issued (in shares) 125 245
Common stock, shares outstanding (in shares) 125 245
Class C common stock    
Common stock, shares issued (in shares) 27 10
Common stock, shares outstanding (in shares) 27 10
v3.24.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Net revenue $ 8,900 $ 8,123 $ 26,309 $ 24,044
Operating Expenses        
Personnel 1,573 1,481 4,655 4,333
Marketing 378 297 1,009 938
Network and processing 200 182 570 539
Professional fees 152 133 443 372
Depreciation and amortization 264 235 760 696
General and administrative 382 314 1,174 918
Litigation provision 13 457 452 798
Total operating expenses 2,962 3,099 9,063 8,594
Operating income 5,938 5,024 17,246 15,450
Non-operating Income (Expense)        
Interest expense (196) (182) (465) (461)
Investment income (expense) and other 247 304 763 412
Total non-operating income (expense) 51 122 298 (49)
Income before income taxes 5,989 5,146 17,544 15,401
Income tax provision 1,117 990 3,119 2,809
Net income $ 4,872 $ 4,156 $ 14,425 $ 12,592
Class A common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 2.40 $ 2.00 $ 7.09 $ 6.03
Basic Weighted-average Shares Outstanding (in shares) 1,610 1,614 1,591 1,623
Diluted Earnings Per Share (in dollars per share) $ 2.40 $ 2.00 $ 7.08 $ 6.02
Diluted Weighted-average Shares Outstanding (in shares) 2,029 2,080 2,038 2,092
Class B-1 common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 3.82 $ 3.20 $ 11.25 $ 9.65
Basic Weighted-average Shares Outstanding (in shares) 97 245 196 245
Diluted Earnings Per Share (in dollars per share) $ 3.81 $ 3.19 $ 11.24 $ 9.64
Diluted Weighted-average Shares Outstanding (in shares) 97 245 196 245
Class B-2 common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) [1] $ 3.82 $ 0 $ 11.25 $ 0
Basic Weighted-average Shares Outstanding (in shares) [1] 74 0 25 0
Diluted Earnings Per Share (in dollars per share) [1] $ 3.81 $ 0 $ 11.24 $ 0
Diluted Weighted-average Shares Outstanding (in shares) [1] 74 0 25 0
Class C common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 9.62 $ 8.00 $ 28.35 $ 24.10
Basic Weighted-average Shares Outstanding (in shares) 29 10 16 10
Diluted Earnings Per Share (in dollars per share) $ 9.60 $ 7.99 $ 28.31 $ 24.08
Diluted Weighted-average Shares Outstanding (in shares) 29 10 16 10
[1] No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See Note 9—Stockholders’ Equity for further details.
v3.24.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income $ 4,872 $ 4,156 $ 14,425 $ 12,592
Investment securities:        
Net unrealized gain (loss) 7 (18) 57 33
Income tax effect (1) 4 (12) (7)
Defined benefit pension and other postretirement plans:        
Net unrealized actuarial gain (loss) and prior service credit (cost) 0 1 8 6
Income tax effect 0 0 (2) (1)
Reclassification adjustments 0 3 6 7
Income tax effect 0 (1) (2) (1)
Derivative instruments:        
Net unrealized gain (loss) 73 (4) 54 (195)
Income tax effect (11) 5 (2) 36
Reclassification adjustments (21) 18 12 17
Income tax effect 1 (10) (7) (17)
Foreign currency translation adjustments:        
Translation adjustments (100) 14 131 1,513
Income tax effect (10) 0 14 0
Other comprehensive income (loss) (62) 12 257 1,391
Comprehensive income $ 4,810 $ 4,168 $ 14,682 $ 13,983
v3.24.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
Total
Preferred Stock
Common Stock and Additional Paid-in Capital
Right to Recover for Covered Losses
Accumulated Income
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Sep. 30, 2022   5        
Balance as of beginning of period at Sep. 30, 2022 $ 35,581 $ 2,324 [1] $ 19,545 $ (35) $ 16,116 $ (2,369)
Beginning balance (in shares) at Sep. 30, 2022     1,890      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 12,592       12,592  
Other comprehensive income (loss) 1,391         1,391
VE territory covered losses incurred (21)     (21)    
Recovery through conversion rate adjustment 1 $ (30)   31    
Conversions to class A common stock (in shares)   0 [2] 8      
Conversions to class A common stock 0 $ (508) $ 508      
Share-based compensation 591   $ 591      
Stock issued under equity plans (in shares)     4      
Stock issued under equity plans 189   $ 189      
Restricted stock and performance-based shares settled in cash for taxes (in shares)     (1)      
Restricted stock and performance-based shares settled in cash for taxes (125)   $ (125)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (2,823)       (2,823)  
Repurchases of class A common stock (in shares)     (39)      
Repurchases of class A common stock (8,395)   $ (418)   (7,977)  
Ending balance (in shares) at Jun. 30, 2023   5        
Balance as of end of period at Jun. 30, 2023 38,981 $ 1,786 [1] $ 20,290 (25) 17,908 (978)
Ending balance (in shares) at Jun. 30, 2023     1,862      
Beginning balance (in shares) at Mar. 31, 2023   5        
Balance as of beginning of period at Mar. 31, 2023 38,565 $ 1,885 $ 20,095 (35) 17,610 (990)
Beginning balance (in shares) at Mar. 31, 2023     1,874      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 4,156       4,156  
Other comprehensive income (loss) 12         12
VE territory covered losses incurred (6)     (6)    
Recovery through conversion rate adjustment 0 $ (16)   16    
Conversions to class A common stock (in shares)   0 [3] 1      
Conversions to class A common stock 0 $ (83) $ 83      
Share-based compensation 191   $ 191      
Stock issued under equity plans (in shares)     1      
Stock issued under equity plans 71   $ 71      
Restricted stock and performance-based shares settled in cash for taxes (in shares)     (1)      
Restricted stock and performance-based shares settled in cash for taxes (7)   $ (7)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (937)       (937)  
Repurchases of class A common stock (in shares)     (13)      
Repurchases of class A common stock (3,064)   $ (143)   (2,921)  
Ending balance (in shares) at Jun. 30, 2023   5        
Balance as of end of period at Jun. 30, 2023 $ 38,981 $ 1,786 [1] $ 20,290 (25) 17,908 (978)
Ending balance (in shares) at Jun. 30, 2023     1,862      
Beginning balance (in shares) at Sep. 30, 2023 5 5        
Balance as of beginning of period at Sep. 30, 2023 $ 38,733 $ 1,698 [4] $ 20,452 (140) 18,040 (1,317)
Beginning balance (in shares) at Sep. 30, 2023     1,849      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 14,425       14,425  
Other comprehensive income (loss) 257         257
VE territory covered losses incurred (81)     (81)    
Recovery through conversion rate adjustment (6) $ (181)   175    
Conversions to class A common stock (in shares)   0 [5] 93      
Conversions to class A common stock 0 $ (92) $ 92      
Class B-1 common stock exchange offer (in shares)     (73)      
Class B-1 common stock exchange offer 0   $ 0 [5]      
Share-based compensation 662   $ 662      
Stock issued under equity plans (in shares)     4      
Stock issued under equity plans 267   $ 267      
Restricted stock and performance-based shares settled in cash for taxes (in shares)     (1)      
Restricted stock and performance-based shares settled in cash for taxes (189)   $ (189)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (3,176)       (3,176)  
Repurchases of class A common stock (in shares)     (42)      
Repurchases of class A common stock $ (11,163)   $ (452)   (10,711)  
Ending balance (in shares) at Jun. 30, 2024 5 5        
Balance as of end of period at Jun. 30, 2024 $ 39,729 $ 1,425 [4] $ 20,832 (46) 18,578 (1,060)
Ending balance (in shares) at Jun. 30, 2024     1,830      
Beginning balance (in shares) at Mar. 31, 2024   5        
Balance as of beginning of period at Mar. 31, 2024 40,485 $ 1,602 $ 20,709 (175) 19,347 (998)
Beginning balance (in shares) at Mar. 31, 2024     1,828      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 4,872       4,872  
Other comprehensive income (loss) (62)         (62)
VE territory covered losses incurred (21)     (21)    
Recovery through conversion rate adjustment (6) $ (156)   150    
Conversions to class A common stock (in shares)   0 [6] 91      
Conversions to class A common stock 0 $ (21) $ 21      
Class B-1 common stock exchange offer (in shares)     (73)      
Class B-1 common stock exchange offer 0   $ 0 [6]      
Share-based compensation 211   $ 211      
Stock issued under equity plans (in shares)     1      
Stock issued under equity plans 84   $ 84      
Restricted stock and performance-based shares settled in cash for taxes (in shares) [6]     0      
Restricted stock and performance-based shares settled in cash for taxes (8)   $ (8)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (1,056)       (1,056)  
Repurchases of class A common stock (in shares)     (17)      
Repurchases of class A common stock $ (4,770)   $ (185)   (4,585)  
Ending balance (in shares) at Jun. 30, 2024 5 5        
Balance as of end of period at Jun. 30, 2024 $ 39,729 $ 1,425 [4] $ 20,832 $ (46) $ 18,578 $ (1,060)
Ending balance (in shares) at Jun. 30, 2024     1,830      
[1] As of June 30, 2023 and September 30, 2022, the book value of series A preferred stock was $544 million and $1.0 billion, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock.
[2] Increase or decrease is less than one million.
[3] Increase or decrease is less than one million.
[4] As of June 30, 2024 and September 30, 2023, the book value of series A preferred stock was $364 million and $456 million, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock
[5] Increase or decrease is less than one million.
[6] Increase or decrease is less than one million.
v3.24.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Sep. 30, 2022
Dividends declared, quarterly, per share (in dollars per share) $ 0.52 $ 0.45 $ 0.52 $ 0.45    
Dividends paid, quarterly, per share (in dollars per share) $ 0.52 $ 0.45 $ 0.52 $ 0.45    
Preferred stock $ 1,425   $ 1,425   $ 1,698  
Series A preferred stock            
Preferred stock $ 364 $ 544 $ 364 $ 544 $ 456 $ 1,000
v3.24.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating Activities    
Net income $ 14,425 $ 12,592
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Client incentives 10,135 8,858
Share-based compensation 662 591
Depreciation and amortization 760 696
Deferred income taxes (99) (253)
VE territory covered losses incurred (81) (21)
(Gains) losses on equity investments, net 48 111
Other 122 (7)
Change in operating assets and liabilities:    
Settlement receivable 92 (373)
Accounts receivable (214) (228)
Client incentives (10,317) (8,188)
Other assets (173) (66)
Accounts payable (27) (51)
Settlement payable (765) 114
Accrued and other liabilities (1,216) (34)
Accrued litigation (66) 87
Net cash provided by (used in) operating activities 13,286 13,828
Investing Activities    
Purchases of property, equipment and technology (948) (754)
Investment securities:    
Purchases (4,443) (2,817)
Proceeds from maturities and sales 3,866 2,410
Acquisitions, net of cash and restricted cash acquired (915) 0
Purchases of other investments (19) (81)
Settlement of derivative instruments 0 402
Other investing activities (51) 22
Net cash provided by (used in) investing activities (2,510) (818)
Financing Activities    
Repurchases of class A common stock (10,865) (8,350)
Repayments of debt 0 (2,250)
Dividends paid (3,176) (2,823)
Proceeds from issuance of class A common stock under equity plans 267 189
Restricted stock and performance-based shares settled in cash for taxes (189) (125)
Other financing activities 399 167
Net cash provided by (used in) financing activities (13,564) (13,192)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 74 844
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents (2,714) 662
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period 21,990 20,377
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period 19,276 21,039
Supplemental Disclosure    
Cash paid for income taxes, net 4,699 3,013
Interest payments on debt 534 568
Accruals related to purchases of property, equipment and technology $ 30 $ 87
v3.24.2
Summary of Significant Accounting Policies
 9 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies
Note 1—Summary of Significant Accounting Policies
Organization. Visa Inc., together with its subsidiaries (Visa or the Company), is a global payments technology company that facilitates global commerce and money movement across more than 200 countries and territories. Visa operates one of the world’s largest electronic payments networks — VisaNet — which provides transaction processing services, primarily authorization, clearing and settlement. The Company offers products, solutions and services that facilitate secure, reliable and efficient money movement for participants in the ecosystem. Visa is not a financial institution and does not issue cards, extend credit or set rates and fees for account holders of Visa products. In most cases, account holder and merchant relationships belong to, and are managed by, Visa’s financial institution clients.
Consolidation and basis of presentation. The accompanying unaudited consolidated financial statements include the accounts of Visa and its consolidated entities and are presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company consolidates its majority-owned and controlled entities, including variable interest entities (VIEs) for which the Company is the primary beneficiary. The Company’s investments in VIEs have not been material to its unaudited consolidated financial statements as of and for the periods presented. Intercompany balances and transactions have been eliminated in consolidation.
The accompanying unaudited consolidated financial statements are presented in accordance with the U.S. Securities and Exchange Commission (SEC) requirements for Quarterly Reports on Form 10-Q and, consequently, do not include all of the annual disclosures required by U.S. GAAP. Reference should be made to Visa’s Annual Report on Form 10-K for the year ended September 30, 2023 for additional disclosures, including a summary of the Company’s significant accounting policies.
In the opinion of management, the accompanying unaudited consolidated financial statements include all normal recurring adjustments necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods presented. The results of operations for interim periods are not necessarily indicative of results for the full year.
Use of estimates. The preparation of the accompanying unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenue and expenses during the reporting period. These estimates may change as new events occur and additional information is obtained, and will be recognized in the period in which such changes occur. Future actual results could differ materially from these estimates.
v3.24.2
Acquisitions
 9 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Acquisitions
Note 2—Acquisitions
On January 16, 2024, Visa acquired Pismo Holdings, a global cloud-native issuer processing and core banking platform, for a purchase consideration of $929 million. The Company allocated $139 million of the purchase consideration to technology, customer relationships, other net assets acquired and deferred tax liabilities and the remaining $790 million to goodwill
v3.24.2
Revenue
 9 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Revenue
Note 3—Revenue
The nature, amount, timing and uncertainty of the Company’s revenue and cash flows and how they are affected by economic factors are most appropriately depicted through the Company’s revenue categories and geographical markets. The following tables disaggregate the Company’s net revenue by revenue category and by geography:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions)
Service revenue
$3,967 $3,668 $11,915 $10,950 
Data processing revenue
4,489 4,105 13,104 11,751 
International transaction revenue
3,194 2,920 9,197 8,466 
Other revenue
780 597 2,228 1,735 
Client incentives(3,530)(3,167)(10,135)(8,858)
Net revenue
$8,900 $8,123 $26,309 $24,044 

Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions)
U.S.$3,621 $3,443 $10,909 $10,550 
International5,279 4,680 15,400 13,494 
Net revenue
$8,900 $8,123 $26,309 $24,044 
Remaining performance obligations are comprised of deferred revenue and contract revenue that will be invoiced and recognized as revenue in future periods primarily related to value added services. As of June 30, 2024, the remaining performance obligations were $3.7 billion. The Company expects approximately half to be recognized as revenue in the next two years and the remaining thereafter. However, the amount and timing of revenue recognition is affected by several factors, including contract modifications and terminations, which could impact the estimate of amounts allocated to remaining performance obligations and when such revenue could be recognized.
v3.24.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
 9 Months Ended
Jun. 30, 2024
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
Note 4—Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
The Company reconciles cash, cash equivalents, restricted cash and restricted cash equivalents reported on the consolidated balance sheets that aggregate to the beginning and ending balances shown in the consolidated statements of cash flows as follows:
June 30,
2024		September 30,
2023
(in millions)
Cash and cash equivalents$12,947 $16,286 
Restricted cash and restricted cash equivalents:
U.S. litigation escrow1,596 1,764 
Customer collateral3,472 3,005 
Prepaid expenses and other current assets 1,261 935 
Cash, cash equivalents, restricted cash and restricted cash equivalents
$19,276 $21,990 
During the nine months ended June 30, 2024, right-of-use assets obtained in exchange for lease liabilities was $387 million.
v3.24.2
U.S. and Europe Retrospective Responsibility Plans
 9 Months Ended
Jun. 30, 2024
Retrospective Responsibility Plans [Abstract]  
U.S. and Europe Retrospective Responsibility Plans
Note 5—U.S. and Europe Retrospective Responsibility Plans
U.S. Retrospective Responsibility Plan
Under the terms of the U.S. retrospective responsibility plan, the Company maintains an escrow account from which settlements of, or judgments in, certain litigation (U.S. covered litigation) are paid. The accrual related to the U.S. covered litigation could be either higher or lower than the U.S. litigation escrow account balance. See Note 13—Legal Matters.
The following table presents the changes in the restricted cash equivalents—U.S. litigation escrow account:
Nine Months Ended
June 30,
20242023
 (in millions)
Balance as of beginning of period
$1,764 $1,449 
Deposits into the U.S. litigation escrow account— 850 
Payments to opt-out merchants(1), net of interest earned on escrow funds
(168)(672)
Balance as of end of period
$1,596 $1,627 
(1)These payments are associated with the interchange multidistrict litigation. See Note 13—Legal Matters.
Europe Retrospective Responsibility Plan
Visa Inc., Visa International and Visa Europe are parties to certain existing and potential litigation relating to the setting of multilateral interchange fee rates in the Visa Europe territory (VE territory covered litigation). Under the terms of the Europe retrospective responsibility plan, the Company is entitled to recover certain losses resulting from VE territory covered litigation (VE territory covered losses) through a periodic adjustment to the class A common stock conversion rates applicable to the series B and C preferred stock. VE territory covered losses are recorded in right to recover for covered losses, a contra-equity account within stockholders’ equity, before the corresponding adjustment to the applicable conversion rate is effected. Adjustments to the conversion rate may be executed once in any six-month period unless a single, individual loss greater than €20 million is incurred, in which case, the six-month limitation does not apply. When the adjustment to the conversion rate is made, the amount previously recorded in right to recover for covered losses is then recorded against the book value of the preferred stock within stockholders’ equity.
The following table presents the activities related to VE territory covered losses in preferred stock and right to recover for covered losses within stockholders’ equity:
Nine Months Ended
June 30, 2024
Preferred StockRight to Recover for Covered Losses
Series BSeries C
(in millions)
Balance as of beginning of period
$441 $801 $(140)
VE territory covered losses incurred(1)
— — (81)
Recovery through conversion rate adjustment(2)
(161)(20)175 
Balance as of end of period
$280 $781 $(46)
Nine Months Ended
June 30, 2023
Preferred StockRight to Recover for Covered Losses
Series BSeries C
(in millions)
Balance as of beginning of period
$460 $812 $(35)
VE territory covered losses incurred(1)
— — (21)
Recovery through conversion rate adjustment(2)
(19)(11)31 
Balance as of end of period
$441 $801 $(25)
(1)VE territory covered losses incurred reflect settlements with merchants and additional legal costs. See Note 13—Legal Matters.
(2)Adjustment to right to recover for covered losses for the conversion rate adjustment differs from the actual recovered amount due to differences in foreign exchange rates between the time the losses were incurred and the subsequent recovery through the conversion rate adjustment.
The following table presents the as-converted value of the preferred stock available to recover VE territory covered losses compared to the book value of preferred stock recorded within the Company’s consolidated balance sheets:
June 30, 2024September 30, 2023
As-converted Value of Preferred Stock(1),(2)
Book Value of Preferred Stock(1)
As-converted Value of Preferred Stock(1),(3)
Book Value of Preferred Stock(1)
(in millions)
Series B preferred stock$1,757 $280 $1,676 $441 
Series C preferred stock2,987 781 2,635 801 
Total4,744 1,061 4,311 1,242 
Less: right to recover for covered losses(46)(46)(140)(140)
Total recovery for covered losses available$4,698 $1,015 $4,171 $1,102 
(1)Figures in the table may not recalculate exactly due to rounding. As-converted and book values are based on unrounded numbers.
(2)As of June 30, 2024, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 2.6980 and 3.6050, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $262.47, Visa’s class A common stock closing stock price.
(3)As of September 30, 2023, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 2.9370 and 3.6290, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $230.01, Visa’s class A common stock closing stock price.

As required by the litigation management deed, on June 21, 2024, the eighth anniversary of the Visa Europe acquisition, Visa, in consultation with the VE territories litigation management committee, carried out a release assessment. After the completion of this assessment, the Company released approximately $2.7 billion of the as-converted value from its series B and C preferred stock and issued approximately 99,264 shares of series A preferred stock on July 19, 2024 (Eighth Anniversary Release). Each holder of a share of series B and C preferred stock received a number of series A preferred stock equal to the applicable conversion adjustment divided by 100. The Company paid cash in lieu of issuing fractional shares of series A preferred stock. Each share of series A preferred stock will be automatically converted into 100 shares of class A common stock in connection with a sale to a person eligible to hold class A common stock in accordance with Visa’s certificate of incorporation. Effective July 19, 2024, the release resulted in series B and C conversion rate reductions of 1.6950 and 1.8190, respectively.
v3.24.2
Fair Value Measurements and Investments
 9 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements and Investments
Note 6—Fair Value Measurements and Investments
Assets and Liabilities Measured at Fair Value on a Recurring Basis
 Fair Value Measurements
Using Inputs Considered as
 Level 1Level 2
 June 30,
2024		September 30,
2023		June 30,
2024		September 30,
2023
 (in millions)
Assets
Cash equivalents and restricted cash equivalents:
Money market funds
$9,703 $13,504 $— $— 
U.S. Treasury securities
7 301 — — 
Investment securities:
Marketable equity securities
286 339 — — 
U.S. government-sponsored debt securities
— — 789 1,108 
U.S. Treasury securities
5,659 4,316 — — 
Other current and non-current assets:
Money market funds
29 23 — — 
Derivative instruments
— — 278 293 
Total $15,684 $18,483 $1,067 $1,401 
Liabilities
Accrued compensation and benefits:
Deferred compensation liability
$229 $175 $— $— 
Accrued and other liabilities:
Derivative instruments
— — 263 396 
Total $229 $175 $263 $396 
Level 1 assets and liabilities. Money market funds, U.S. Treasury securities and marketable equity securities are classified as Level 1 within the fair value hierarchy, as fair value is based on unadjusted quoted prices in active markets for identical assets. The Company’s deferred compensation liability is measured at fair value based on marketable equity securities held under the deferred compensation plan.
Level 2 assets and liabilities. The fair value of U.S. government-sponsored debt securities, as provided by third-party pricing vendors, is based on quoted prices in active markets for similar, not identical, assets. Derivative instruments are valued using inputs that are observable in the market or can be derived principally from or corroborated by observable market data.
U.S. Government-sponsored Debt Securities and U.S. Treasury Securities
The amortized cost, unrealized gains and losses and fair value of debt securities were as follows:
June 30, 2024
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$791 $— $(2)$789 
U.S. Treasury securities5,688 4 (26)5,666 
Total$6,479 $4 $(28)$6,455 
September 30, 2023
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$1,109 $1 $(2)$1,108 
U.S. Treasury securities4,697 — (80)4,617 
Total$5,806 $1 $(82)$5,725 
Debt securities with unrealized losses for less than 12 months and 12 months or greater were as follows:
June 30, 2024
Less Than 12 Months
12 Months or Greater
Fair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
(in millions)
U.S. government-sponsored debt securities$526 $(1)$164 $(1)
U.S. Treasury securities2,496 (7)1,704 (19)
Total$3,022 $(8)$1,868 $(20)
September 30, 2023
Less Than 12 Months
12 Months or Greater
Fair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
(in millions)
U.S. government-sponsored debt securities$412 $(2)$50 $— 
U.S. Treasury securities1,360 (12)2,128 (68)
Total$1,772 $(14)$2,178 $(68)
The unrealized losses were primarily attributable to changes in interest rates.
The stated maturities of debt securities were as follows:
June 30,
2024
 (in millions)
Due within one year$3,418 
Due after one year through five years
3,037 
Total$6,455 
Equity Securities
For the three months ended June 30, 2024 and 2023, the Company recognized net unrealized losses of $16 million and net unrealized gains of $96 million, respectively, on marketable and non-marketable equity securities held as of period end. For the nine months ended June 30, 2024 and 2023, the Company recognized net unrealized losses of $3 million and $85 million, respectively, on marketable and non-marketable equity securities held as of period end.
Fair value measurement alternative. The Company’s investments in privately held companies do not have readily determinable fair values. These investments are measured at fair value on a non-recurring basis and are classified as Level 3 due to the absence of quoted market prices, the inherent lack of liquidity and the fact that significant inputs used to measure fair value are unobservable and require management’s judgment.
The following table summarizes the Company’s non-marketable equity securities held as of period end that were accounted for using the fair value measurement alternative:
June 30,
2024
(in millions)
Initial cost basis
$710 
Adjustments:
Upward adjustments
909 
Downward adjustments, including impairment
(458)
Carrying amount
$1,161 
Unrealized gains and losses of the Company’s non-marketable equity securities held as of period end that were accounted for using the fair value measurement alternative were as follows:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions)
Upward adjustments$— $75 $9 $94 
Downward adjustments, including impairment
$(13)$— $(28)$(86)
Other Fair Value Disclosures
Debt. Debt instruments are measured at amortized cost on the Company’s consolidated balance sheets. The fair value of the debt instruments, as provided by third-party pricing vendors, is based on quoted prices in active markets for similar, not identical, assets. If measured at fair value in the financial statements, these instruments would be classified as Level 2 in the fair value hierarchy. As of June 30, 2024, the carrying value and estimated fair value of debt was $20.6 billion and $18.3 billion, respectively. As of September 30, 2023, the carrying value and estimated fair value of debt was $20.5 billion and $17.7 billion, respectively.
Other financial instruments not measured at fair value. As of June 30, 2024, the carrying values of settlement receivable and payable and customer collateral are an approximate fair value due to their generally short maturities. If measured at fair value in the financial statements, these financial instruments would be classified as Level 2 in the fair value hierarchy.
Non-financial assets. Certain non-financial assets such as goodwill, intangible assets and property, equipment and technology are subject to non-recurring fair value measurements if they are deemed to be impaired. The Company performed an annual impairment review of its indefinite-lived intangible assets and goodwill as of February 1, 2024, and concluded there was no impairment as of that date. No recent events or changes in circumstances indicated that impairment existed as of June 30, 2024
v3.24.2
Debt
 9 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Debt
Note 7—Debt
The Company had outstanding debt as follows:
June 30,
2024		September 30,
2023
Effective Interest Rate(1)
(in millions, except percentages)
U.S. dollar notes
3.15% Senior Notes due December 2025
$4,000 $4,000 3.26 %
1.90% Senior Notes due April 2027
1,500 1,500 2.02 %
0.75% Senior Notes due August 2027
500 500 0.84 %
2.75% Senior Notes due September 2027
750 750 2.91 %
2.05% Senior Notes due April 2030
1,500 1,500 2.13 %
1.10% Senior Notes due February 2031
1,000 1,000 1.20 %
4.15% Senior Notes due December 2035
1,500 1,500 4.23 %
2.70% Senior Notes due April 2040
1,000 1,000 2.80 %
4.30% Senior Notes due December 2045
3,500 3,500 4.37 %
3.65% Senior Notes due September 2047
750 750 3.73 %
2.00% Senior Notes due August 2050
1,750 1,750 2.09 %
Euro notes
1.50% Senior Notes due June 2026
1,448 1,434 1.71 %
2.00% Senior Notes due June 2029
1,073 1,062 2.13 %
2.375% Senior Notes due June 2034
697 690 2.53 %
Total debt
20,968 20,936 
Unamortized discounts and debt issuance costs(146)(159)
Hedge accounting fair value adjustments(2)
(220)(314)
Total carrying value of debt
$20,602 $20,463 
Reported as:
Current maturities of debt$— $— 
Long-term debt20,602 20,463 
Total carrying value of debt
$20,602 $20,463 
(1)Effective interest rates disclosed do not reflect hedge accounting adjustments.
(2)Represents the fair value of interest rate swap agreements entered into on a portion of the outstanding senior notes.
v3.24.2
Settlement Guarantee Management
 9 Months Ended
Jun. 30, 2024
Settlement Guarantee Management [Abstract]  
Settlement Guarantee Management
Note 8—Settlement Guarantee Management
The Company indemnifies its clients for settlement losses suffered due to failure of any other client to fund its settlement obligations in accordance with the Visa operating rules. This indemnification creates settlement risk for the Company due to the difference in timing between the date of a payment transaction and the date of subsequent settlement. The Company maintains and regularly reviews global settlement risk policies and procedures to manage settlement risk, which may require clients to post collateral if certain credit standards are not met. Historically, the Company has experienced minimal losses as a result of its settlement risk guarantee. However, the Company’s future obligations, which could be material under its guarantees, are not determinable as they are dependent upon future events.
The Company’s settlement exposure is limited to the amount of unsettled Visa payment transactions at any point in time, which vary significantly day to day. During the nine months ended June 30, 2024, the Company’s maximum daily settlement exposure was $136.8 billion and the average daily settlement exposure was $83.4 billion. To mitigate the risk of settlement exposure, the Company holds various forms of collateral including restricted cash, letters of credit, guarantees, beneficial rights to trust assets and pledged securities. As of June 30, 2024, the Company had total collateral of $7.3 billion.
v3.24.2
Stockholders' Equity
 9 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Note 9—Stockholders’ Equity
As-converted class A common stock. The number of shares of each series and class, and the number of shares of class A common stock on an as-converted basis were as follows:
June 30, 2024September 30, 2023
Shares
Outstanding		Conversion Rate Into 
Class A
Common Stock
As-converted Class A
Common
Stock(1)
Shares
Outstanding		Conversion Rate Into
Class A
Common Stock
As-converted Class A
Common
Stock(1)
(in millions, except conversion rate)
Series A preferred stock— 
(2)
100.0000 5 — 
(2)
100.0000 7 
Series B preferred stock2 2.6980 7 2 2.9370 7 
Series C preferred stock3 3.6050 11 3 3.6290 11 
Class A common stock1,678 — 1,678 1,594 — 1,594 
Class B-1 common stock
5 1.5875 
(3)
8 245 1.5875 
(3)
390 
Class B-2 common stock
120 1.5875 
(3)
191 — 
(4)
— — 
Class C common stock27 4.0000 107 10 4.0000 38 
Total2,007 2,047 
(1)Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on unrounded numbers.
(2)The number of shares outstanding was less than one million.
(3)The class B-1 and class B-2 to class A common stock conversion calculations for dividend payments are based on a conversion rate rounded to the tenth decimal. Conversion rates are presented on a rounded basis.
(4)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See class B-1 common stock exchange offer below for further details.
Series A preferred stock issuance. On July 19, 2024, the Company issued approximately 99,264 shares of series A preferred stock in connection with the Eighth Anniversary Release. See Note 5—U.S. and Europe Retrospective Responsibility Plans.
Reduction in as-converted shares. The following table presents the reduction in the number of as-converted class B-1 common stock after deposits into the U.S. litigation escrow account under the U.S. retrospective responsibility plan:
Nine Months Ended
June 30,
20242023
(in millions, except per share data)
Reduction in equivalent number of class A common stock— 4 
Effective price per share(1)
$— $219.70 
Deposits into the U.S. litigation escrow account$— $850 
(1)Effective price per share for the period represents the weighted-average price calculated using the effective prices per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificate of incorporation.
The following table presents the reduction in the number of as-converted series B and C preferred stock after the Company recovered VE territory covered losses through conversion rate adjustments under the Europe retrospective responsibility plan:
Nine Months Ended
June 30, 2024		Nine Months Ended
June 30, 2023
Series BSeries CSeries BSeries C
(in millions, except per share data)
Reduction in equivalent number of class A common stock1 — 
(1)
— 
(1)
— 
(1)
Effective price per share(2)
$270.07 $269.62 $219.12 $215.28 
Recovery through conversion rate adjustment
$161 $20 $19 $11 
(1)The reduction in equivalent number of shares of class A common stock was less than one million shares.
(2)Effective price per share for the period represents the weighted-average price calculated using the effective prices per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificates of designations for its series B and C preferred stock.
Common stock repurchases. The following table presents share repurchases in the open market:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions, except per share data)
Shares repurchased in the open market(1)
17 13 42 39 
Average repurchase cost per share(2)
$276.75 $229.00 $263.91 $214.44 
Total cost(2)
$4,770 $3,064 $11,163 $8,395 
(1)Shares repurchased in the open market are retired and constitute authorized but unissued shares.
(2)Figures in the table may not recalculate exactly due to rounding. Average repurchase cost per share and total cost are calculated based on unrounded numbers and include applicable taxes. Shares repurchased in the open market include $200 million unsettled repurchases as of June 30, 2024.
In October 2023 and 2022, the Company’s board of directors authorized share repurchase programs of $25.0 billion providing multi-year flexibility, and $12.0 billion, respectively. These authorizations have no expiration date. As of June 30, 2024, the Company’s share repurchase program had remaining authorized funds of $18.9 billion. All share repurchase programs authorized prior to October 2023 have been completed.
Class B common stock. On January 23, 2024, Visa’s common stockholders approved amendments to the Company’s certificate of incorporation authorizing Visa to implement an exchange offer program that would have the effect of releasing transfer restrictions on portions of the Company’s class B common stock by allowing holders to exchange a portion of their outstanding shares of class B common stock for shares of freely tradeable class C common stock. The certificate of incorporation amendments automatically redenominated all shares of class B common stock outstanding at the amendment date as class B-1 common stock with no changes to the par value, conversion features, rights or privileges of the class B-1 common stock. All references to class B common stock outstanding prior to January 23, 2024 have been updated in this report to class B-1 common stock to reflect this redenomination. The amendments also authorized new classes of class B common stock that will only be issuable in connection with an exchange offer where a preceding class of B common stock is tendered in exchange and retired. When referred to prior to January 23, 2024, class B common stock means the Company’s legacy class B common stock, and following January 23, 2024, means the Company’s class B-1 common stock and class B-2 common stock, and to the extent issued in a subsequent exchange offer, class B-3 common stock, class B-4 common stock and class B-5 common stock, collectively.
Class B-1 common stock exchange offer. On May 6, 2024, Visa accepted 241 million shares of class B-1 common stock tendered in the exchange offer. In exchange, on May 8, 2024, Visa issued approximately 120 million shares of class B-2 common stock and 48 million shares of class C common stock. The class B-1 common shares exchanged have been retired and constitute authorized but unissued shares. Future conversion rate adjustments for
the class B-2 common stock will have double the impact compared to conversion rate adjustments for the class B-1 common stock. Portions of the class C common stock received in the exchange offer are subject to temporary transfer restrictions up to 90 days from the exchange offer acceptance date.
Capital stock authorized. As of June 30, 2024 and September 30, 2023, the Company was authorized to issue 25 million shares of preferred stock, of which the following series have been created and authorized: 4 million shares of series A convertible participating preferred stock, 2 million shares of series B convertible participating preferred stock and 3 million shares of series C convertible participating preferred stock. As of June 30, 2024, the Company was authorized to issue 2.0 trillion shares of class A common stock, 499 million shares of class B-1 common stock, 123 million shares of class B-2 common stock, 61 million shares of class B-3 common stock, 31 million shares of class B-4 common stock, 15 million shares of class B-5 common stock and 1.1 billion shares of class C common stock. As of September 30, 2023, the Company was authorized to issue 2.0 trillion shares of class A common stock, 622 million shares of class B-1 common stock and 1.1 billion shares of class C common stock.
Dividends. During the three months ended June 30, 2024 and 2023, the Company declared and paid dividends of $1,056 million and $937 million, respectively. During the nine months ended June 30, 2024 and 2023, the Company declared and paid dividends of $3.2 billion and $2.8 billion, respectively. On July 23, 2024, the Company’s board declared a quarterly cash dividend of $0.52 per share of class A common stock (determined in the case of all other outstanding common and preferred stock on an as-converted basis), payable on September 3, 2024, to all holders of record as of August 9, 2024.
v3.24.2
Earnings Per Share
 9 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
Note 10—Earnings Per Share
The following table presents earnings per share for the three months ended June 30, 2024:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
(in millions, except per share data)
Class A common stock $3,870 1,610 $2.40 $4,872 2,029 
(2)
$2.40 
Class B-1 common stock 372 97 $3.82 $371 97 $3.81 
Class B-2 common stock(3)
283 74 $3.82 $282 74 $3.81 
Class C common stock 275 29 $9.62 $275 29 $9.60 
Participating securities72 Not presentedNot presented$72 Not presentedNot presented
Net income$4,872 
The following table presents earnings per share for the nine months ended June 30, 2024:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
(in millions, except per share data)
Class A common stock $11,276 1,591 $7.09 $14,425 2,038 
(2)
$7.08 
Class B-1 common stock 2,209 196 $11.25 $2,206 196 $11.24 
Class B-2 common stock(3)
277 25 $11.25 $276 25 $11.24 
Class C common stock 447 16 $28.35 $447 16 $28.31 
Participating securities216 Not presentedNot presented$216 Not presentedNot presented
Net income$14,425 
The following table presents earnings per share for the three months ended June 30, 2023:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
(in millions, except per share data)
Class A common stock$3,228 1,614 $2.00 $4,156 2,080 
(2)
$2.00 
Class B-1 common stock
785 245 $3.20 $784 245 $3.19 
Class C common stock77 10 $8.00 $76 10 $7.99 
Participating securities66 Not presentedNot presented$66 Not presentedNot presented
Net income$4,156 
The following table presents earnings per share for the nine months ended June 30, 2023:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
(in millions, except per share data)
Class A common stock$9,778 1,623 $6.03 $12,592 2,092 
(2)
$6.02 
Class B-1 common stock
2,369 245 $9.65 $2,366 245 $9.64 
Class C common stock233 10 $24.10 $233 10 $24.08 
Participating securities212 Not presentedNot presented$211 Not presentedNot presented
Net income$12,592 
(1)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers.
(2)Weighted-average diluted shares outstanding are calculated on an as-converted basis and include incremental common stock equivalents, as calculated under the treasury stock method. The common stock equivalents are not material for the three and nine months ended June 30, 2024 and 2023.
(3)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See Note 9—Stockholders’ Equity for further details.

The following table presents the weighted-average number of as-converted class A common stock outstanding used in the income allocation:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions)
Class B-1 common stock
155 393 312 393 
Class B-2 common stock(1)
118 — 39 — 
Class C common stock
114 38 63 39 
Participating securities:
Series A preferred stock
6 8 6 10 
Series B preferred stock
7 7 7 7 
Series C preferred stock
11 11 11 11 
(1)     No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See Note 9—Stockholders’ Equity for further details.
v3.24.2
Share-based Compensation
 9 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Share-based Compensation
Note 11—Share-based Compensation
The following table presents the equity awards granted to employees and non-employee directors under the amended and restated 2007 Equity Incentive Compensation Plan (EIP) during the nine months ended June 30, 2024:
GrantedWeighted-Average Grant Date Fair ValueWeighted-Average Exercise Price
Non-qualified stock options722,695 $62.55 $249.56 
Restricted stock units2,986,911 $252.02 
Performance-based shares(1)
528,008 $281.85 
(1)Represents the maximum number of performance-based shares which could be earned.
For the three months ended June 30, 2024 and 2023, the Company recorded share-based compensation cost related to the EIP of $203 million and $184 million, respectively. For the nine months ended June 30, 2024 and 2023, the Company recorded share-based compensation cost related to the EIP of $638 million and $568 million, respectively.
v3.24.2
Income Taxes
 9 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes
Note 12—Income Taxes
For the three and nine months ended June 30, 2024, the effective income tax rates were 19% and 18%, respectively, and for the three and nine months ended June 30, 2023, the effective income tax rates were 19% and 18%, respectively. The effective income tax rates differ primarily due to the following:
•During the nine months ended June 30, 2024, a $184 million tax benefit as a result of the conclusion of an audit; and
•During the nine months ended June 30, 2023, a $142 million tax benefit due to the reassessment of an uncertain tax position as a result of new information obtained during an ongoing tax examination.
During the three and nine months ended June 30, 2024, the Company’s gross unrecognized tax benefits increased by $219 million and $215 million, respectively, and the Company’s net unrecognized tax benefits increased by $29 million and decreased by $101 million, respectively. The change in unrecognized tax benefits is related to various tax positions across several jurisdictions, including an increase in gross timing differences. Additionally, the nine months ended June 30, 2024 included the recognition of previously unrecognized tax benefits as a result of the conclusion of an audit. During the three and nine months ended June 30, 2024, the Company’s accrued interest related to uncertain tax positions increased by $18 million and decreased by $33 million, respectively. During the three and nine months ended June 30, 2023, there were no significant changes in accrued interest related to uncertain tax positions.
The Company has an unresolved issue with the Internal Revenue Service (IRS) related to certain income tax deductions for fiscal years 2008 through 2015. In June 2024, the Company filed a complaint with the U.S. Court of Federal Claims challenging the position of the IRS. See further discussion in Note 13—Legal Matters.
In January 2024, a resolution was reached regarding India tax assessments for taxable years falling within the period from 2010 to 2019. As a result, the Company withdrew its appeals to the appellate authorities for these years.
Effective through September 30, 2028, the Company’s operating hub in the Asia Pacific region is subject to a tax incentive in Singapore which is conditional upon meeting certain requirements.
The Company’s tax filings are subject to examination by U.S. federal, state and foreign taxing authorities. The timing and outcome of the final resolutions of the various ongoing income tax examinations and refund claims are uncertain. It is not reasonably possible to estimate the increase or decrease in unrecognized tax benefits within the next 12 months.
v3.24.2
Legal Matters
 9 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Legal Matters
Note 13—Legal Matters
The Company is party to various legal and regulatory proceedings. Some of these proceedings involve complex claims that are subject to substantial uncertainties and unascertainable damages. For those proceedings where a loss is determined to be only reasonably possible or probable but not estimable, the Company has disclosed the nature of the claim. Additionally, unless otherwise disclosed below with respect to these proceedings, the Company cannot provide an estimate of the possible loss or range of loss. Although the Company believes that it has strong defenses for the litigation and regulatory proceedings described below, it could, in the future, incur judgments or fines or enter into settlements of claims that could have a material adverse effect on the Company’s financial position, results of operations or cash flows. From time to time, the Company may engage in settlement discussions or mediations with respect to one or more of its outstanding litigation matters, either on its own behalf or collectively with other parties.
The litigation accrual is an estimate and is based on management’s understanding of its litigation profile, the specifics of each case, advice of counsel to the extent appropriate and management’s best estimate of incurred loss as of the balance sheet date.
The following table summarizes the activity related to accrued litigation:
 Nine Months Ended
June 30,
 20242023
 (in millions)
Balance as of beginning of period
$1,751 $1,456 
Provision for uncovered legal matters311 1 
Provision for covered legal matters201 808 
Payments for legal matters(575)(720)
Balance as of end of period
$1,688 $1,545 
Accrual Summary—U.S. Covered Litigation
Visa Inc., Visa U.S.A. and Visa International are parties to certain legal proceedings that are covered by the U.S. retrospective responsibility plan, which the Company refers to as the U.S. covered litigation. An accrual for the U.S. covered litigation and a charge to the litigation provision are recorded when a loss is deemed to be probable and reasonably estimable. In making this determination, the Company evaluates available information, including but not limited to actions taken by the Company’s litigation committee. The total accrual related to the U.S. covered litigation could be either higher or lower than the escrow account balance. See further discussion below under U.S. Covered Litigation and Note 5—U.S. and Europe Retrospective Responsibility Plans.
The following table summarizes the accrual activity related to U.S. covered litigation:
 Nine Months Ended
June 30,
 20242023
 (in millions)
Balance as of beginning of period
$1,621 $1,441 
Provision for interchange multidistrict litigation140 797 
Payments for U.S. covered litigation(204)(699)
Balance as of end of period
$1,557 $1,539 
During the three and nine months ended June 30, 2024, the Company recorded additional accruals to address claims associated with the interchange multidistrict litigation. The accrual balance is consistent with the Company’s best estimate of its share of a probable and reasonably estimable loss with respect to the U.S. covered litigation. While this estimate is consistent with the Company’s view of the current status of the litigation, the probable and reasonably estimable loss or range of such loss could materially vary based on developments in the litigation. The Company will continue to consider and reevaluate this estimate in light of the substantial uncertainties with respect
to the litigation. The Company is unable to estimate a potential loss or range of loss, if any, at trial if negotiated resolutions cannot be reached.
Accrual Summary—VE Territory Covered Litigation
Visa Inc., Visa International and Visa Europe are parties to certain legal proceedings that are covered by the Europe retrospective responsibility plan. Unlike the U.S. retrospective responsibility plan, the Europe retrospective responsibility plan does not have an escrow account that is used to fund settlements or judgments. The Company is entitled to recover VE territory covered losses through periodic adjustments to the conversion rates applicable to the series B and C preferred stock. An accrual for the VE territory covered losses and a reduction to stockholders’ equity will be recorded when the loss is deemed to be probable and reasonably estimable. See further discussion below under VE Territory Covered Litigation and Note 5—U.S. and Europe Retrospective Responsibility Plans.
The following table summarizes the accrual activity related to VE territory covered litigation:
 Nine Months Ended
June 30,
 20242023
(in millions)
Balance as of beginning of period
$110 $11 
Provision for VE territory covered litigation61 11 
Payments for VE territory covered litigation(146)(19)
Balance as of end of period
$25 $3 
U.S. Covered Litigation
Interchange Multidistrict Litigation (MDL) - Class Actions
On December 4, 2023, plaintiffs in the two actions led, respectively, by Hayley Lanning and Camp Grounds Coffee, served a motion for partial summary judgment. On January 8, 2024, defendants’ motions for summary judgment under Ohio v. American Express were granted in part and denied in part. On February 22, 2024, the district court denied defendants' motions for summary judgment based on the post-IPO conspiracy claims. On February 26, 2024, plaintiffs in the action led by Old Jericho Enterprise, Inc. served a motion for partial summary judgment. On March 11, 2024, the district court denied the Injunctive Relief Class plaintiffs’ motion for partial summary judgment. On April 2, 2024, the district court granted defendants’ motion for summary judgment on Injunctive Relief Class plaintiffs’ monopolization claims.
On March 25, 2024, Visa and Mastercard entered into an agreement to resolve the Injunctive Relief Class claims (the “Settlement Agreement”), subject to court approval. The Settlement Agreement includes, among other terms, (i) a release from class members for claims for declaratory, injunctive or equitable relief arising out of conduct alleged by the Injunctive Relief Class in the litigation that have accrued or accrue in the future during the term of the Settlement Agreement; (ii) provisions requiring reductions and caps on U.S. credit interchange rates; and (iii) provisions requiring modifications to the Company’s rules in the U.S. that, among other things, streamline requirements for merchants who wish to impose a surcharge on credit transactions. On March 26, 2024, the Injunctive Relief Class plaintiffs filed a motion for preliminary approval of the settlement, which was denied on June 25, 2024.
On May 28, 2024, the district court denied the Lanning and Camp Grounds plaintiffs’ motion for partial summary judgment, and the Lanning and Camp Grounds plaintiffs and another gasoline retailer have appealed.
Interchange Multidistrict Litigation (MDL) - Individual Merchant Actions
Visa has reached settlements with a number of merchants representing approximately 73% of the Visa-branded payment card sales volume of merchants who opted out of the Amended Settlement Agreement with the Damages Class plaintiffs.
On November 1, 2023, defendants served a motion to enforce the Amended Settlement Agreement, or in the alternative for summary judgment, regarding claims in the actions brought by certain plaintiffs in their capacity as
payment facilitators. On December 4, 2023, plaintiffs in certain of the individual merchant actions served a motion for partial summary judgment or a joinder in partial summary judgment motions. On January 8, 2024, defendants’ motions for summary judgment under Ohio v. American Express were granted in part and denied in part. On February 22, 2024, the district court denied defendants' motions for summary judgment based on Illinois Brick standing and on the post-IPO conspiracy claims, and denied as moot certain plaintiffs’ motions for partial summary judgment. On April 2, 2024, the district court granted in part and denied in part defendants’ motion for summary judgment on certain plaintiffs’ monopolization claims. On May 28, 2024, the district court granted defendants’ motion to enforce the Amended Settlement Agreement, and denied a motion by Intuit for partial summary judgment, regarding claims in the actions brought by certain plaintiffs in their capacity as payment facilitators. On July 8, 2024, the Judicial Panel on Multidistrict Litigation (JPML) remanded the action led by Grubhub Holdings Inc. to the U.S. District Court for the Northern District of Illinois. On July 17, 2024, the JPML remanded the actions led by Target Corporation and by 7-Eleven, Inc. to the U.S. District Court for the Southern District of New York.
Consumer Interchange Litigation
On February 9, 2024, defendants filed a motion to dismiss the complaint and to compel arbitration.
VE Territory Covered Litigation
Europe Merchant Litigation
Since July 2013, proceedings have been commenced by more than 1,150 Merchants (the capitalized term “Merchant” when used in this section, means a Merchant together with subsidiary/affiliate companies that are party to the same claim) against Visa Europe, Visa Inc. and other Visa subsidiaries in the UK and other countries primarily relating to interchange rates in Europe and in some cases relating to fees charged by Visa and certain Visa rules. As of the filing date, Visa has settled the claims asserted by over 475 Merchants, and there are approximately 600 Merchants with outstanding claims. In addition, 30 additional Merchants have threatened to commence similar proceedings. Standstill agreements have been entered into with respect to some of those threatened Merchant claims, several of which have been settled.
From February 14 to March 28, 2024, a trial occurred to consider whether certain interchange rates restrict competition in violation of UK antitrust law.
In the class action claims filed before the UK Competition Appeal Tribunal (CAT), a class certification rehearing took place in April 2024. In June 2024, the CAT granted class certification in the claim regarding interchange fees on commercial credit cards.
Other Litigation
European Commission Interregional Interchange Investigation
On July 5, 2024, the European Commission acknowledged a public undertaking from Visa that will extend the interregional interchange rate limits agreed in April 2019 for an additional five years, until November 1, 2029. The rate limits apply to consumer debit and credit cards issued outside the European Economic Area (EEA), when used at merchants located within the EEA.
U.S. ATM Access Fee Litigation
On May 2, 2024, in the consumer class action naming Visa, Mastercard and three financial institutions as defendants, Mackmin v. Visa Inc., et al., Visa and Mastercard entered a definitive class settlement agreement with plaintiffs in that action, subject to court approval. Plaintiffs in Mackmin filed a motion for preliminary approval of the settlement on May 29, 2024. The remaining consumer action, Burke v. Visa Inc., et al., and the National ATM Council class action, are still pending.
Pulse Network
Visa has reached a settlement with Pulse and the suit has been dismissed.
MiCamp Solutions
On December 8, 2023, a complaint was filed in the U.S. District Court for the Northern District of California by MiCamp Solutions, LLC against Visa on behalf of a purported class of Independent Sales Organizations (ISOs) and their merchant customers and a purported subclass of ISOs. The complaint alleges violations of federal and state antitrust laws, state data privacy laws, and the constitution, based on, among other things, Visa’s interchange fees and its assessment of fees for non-compliance with its surcharge rules. The complaint seeks to recover damages and to enjoin the enforcement of Visa’s default interchange and surcharge rules, among other things. On March 5, 2024, MiCamp Solutions filed an amended complaint on behalf of the same purported class and subclass, and containing similar allegations as in the original complaint, and on March 19, 2024, Visa filed a motion to dismiss that amended complaint.
Mirage Wine + Spirit’s Inc.
On December 14, 2023, a putative class action was filed in the U.S. District Court for the Southern District of Illinois by Mirage Wine + Spirit’s Inc. against Apple Inc., Visa Inc. and Mastercard Incorporated on behalf of certain merchants in the United States that accepted Apple Pay as a method of payment at the physical point-of-sale from December 14, 2019. Plaintiff alleges a conspiracy under which Apple agreed not to enter a purported market for point-of-sale payment card networks services and seeks damages, injunctive relief and attorneys’ fees based on alleged violations of section 1 of the Sherman Act. On January 5, 2024, Visa requested transfer of the action to the U.S. District Court for the Eastern District of New York for coordinated or consolidated pretrial proceedings with the MDL. On February 2, 2024, the JPML entered a conditional transfer order conditionally transferring the case to the MDL. On February 26, 2024, plaintiffs filed a motion to vacate the conditional transfer order. On June 5, 2024, the JPML transferred the case to MDL 1720. On July 11, 2024, the JPML remanded the case to the U.S. District Court for the Southern District of Illinois.
U.S. Income Tax Litigation
On June 21, 2024, the Company filed a complaint against the United States in the U.S. Court of Federal Claims. The complaint challenges the denial by the IRS of certain income tax deductions from 2008 through 2015 related to software that the Company developed in the United States for utilization by Visa clients.
v3.24.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Pay vs Performance Disclosure        
Net Income (Loss) Attributable to Parent $ 4,872 $ 4,156 $ 14,425 $ 12,592
v3.24.2
Insider Trading Arrangements
 3 Months Ended 9 Months Ended
Jun. 30, 2024
shares
Jun. 30, 2024
shares
Trading Arrangements, by Individual    
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Ryan McInerney [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On April 25, 2024, Ryan McInerney, our Director and Chief Executive Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 103,450 shares of our class A common stock underlying employee stock options. The duration of the trading arrangement is until July 31, 2025 or earlier if all transactions under the trading arrangement are completed.
Name Ryan McInerney  
Title Director and Chief Executive Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date April 25, 2024  
Arrangement Duration 462 days  
Julie B. Rottenberg [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On April 25, 2024, Julie B. Rottenberg, our General Counsel, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of an aggregate of up to 10,291 shares of our class A common stock underlying employee stock options. The duration of the trading arrangement is until July 31, 2025 or earlier if all transactions under the trading arrangement are completed.
Name Julie B. Rottenberg  
Title General Counsel  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date April 25, 2024  
Arrangement Duration 462 days  
Ryan McInerney, Trading Arrangement, Class A Common Stock [Member] | Ryan McInerney [Member]    
Trading Arrangements, by Individual    
Aggregate Available 103,450 103,450
Julie B. Rottenberg, Trading Arrangement, Class A Common Stock [Member] | Julie B. Rottenberg [Member]    
Trading Arrangements, by Individual    
Aggregate Available 10,291 10,291
v3.24.2
Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Consolidation and basis of presentation
Consolidation and basis of presentation. The accompanying unaudited consolidated financial statements include the accounts of Visa and its consolidated entities and are presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company consolidates its majority-owned and controlled entities, including variable interest entities (VIEs) for which the Company is the primary beneficiary. The Company’s investments in VIEs have not been material to its unaudited consolidated financial statements as of and for the periods presented. Intercompany balances and transactions have been eliminated in consolidation.
The accompanying unaudited consolidated financial statements are presented in accordance with the U.S. Securities and Exchange Commission (SEC) requirements for Quarterly Reports on Form 10-Q and, consequently, do not include all of the annual disclosures required by U.S. GAAP. Reference should be made to Visa’s Annual Report on Form 10-K for the year ended September 30, 2023 for additional disclosures, including a summary of the Company’s significant accounting policies.
In the opinion of management, the accompanying unaudited consolidated financial statements include all normal recurring adjustments necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods presented. The results of operations for interim periods are not necessarily indicative of results for the full year.
Use of estimates
Use of estimates. The preparation of the accompanying unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenue and expenses during the reporting period. These estimates may change as new events occur and additional information is obtained, and will be recognized in the period in which such changes occur. Future actual results could differ materially from these estimates.
v3.24.2
Revenue (Tables)
 9 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following tables disaggregate the Company’s net revenue by revenue category and by geography:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions)
Service revenue
$3,967 $3,668 $11,915 $10,950 
Data processing revenue
4,489 4,105 13,104 11,751 
International transaction revenue
3,194 2,920 9,197 8,466 
Other revenue
780 597 2,228 1,735 
Client incentives(3,530)(3,167)(10,135)(8,858)
Net revenue
$8,900 $8,123 $26,309 $24,044 

Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions)
U.S.$3,621 $3,443 $10,909 $10,550 
International5,279 4,680 15,400 13,494 
Net revenue
$8,900 $8,123 $26,309 $24,044 
v3.24.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Tables)
 9 Months Ended
Jun. 30, 2024
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]  
Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
The Company reconciles cash, cash equivalents, restricted cash and restricted cash equivalents reported on the consolidated balance sheets that aggregate to the beginning and ending balances shown in the consolidated statements of cash flows as follows:
June 30,
2024		September 30,
2023
(in millions)
Cash and cash equivalents$12,947 $16,286 
Restricted cash and restricted cash equivalents:
U.S. litigation escrow1,596 1,764 
Customer collateral3,472 3,005 
Prepaid expenses and other current assets 1,261 935 
Cash, cash equivalents, restricted cash and restricted cash equivalents
$19,276 $21,990 
v3.24.2
U.S. and Europe Retrospective Responsibility Plans (Tables)
 9 Months Ended
Jun. 30, 2024
Retrospective Responsibility Plans [Abstract]  
Schedule of Changes in the U.S. litigation escrow account
The following table presents the changes in the restricted cash equivalents—U.S. litigation escrow account:
Nine Months Ended
June 30,
20242023
 (in millions)
Balance as of beginning of period
$1,764 $1,449 
Deposits into the U.S. litigation escrow account— 850 
Payments to opt-out merchants(1), net of interest earned on escrow funds
(168)(672)
Balance as of end of period
$1,596 $1,627 
(1)These payments are associated with the interchange multidistrict litigation. See Note 13—Legal Matters.
Schedule of Changes in Preferred Stock and Right to Recover for Covered Losses
The following table presents the activities related to VE territory covered losses in preferred stock and right to recover for covered losses within stockholders’ equity:
Nine Months Ended
June 30, 2024
Preferred StockRight to Recover for Covered Losses
Series BSeries C
(in millions)
Balance as of beginning of period
$441 $801 $(140)
VE territory covered losses incurred(1)
— — (81)
Recovery through conversion rate adjustment(2)
(161)(20)175 
Balance as of end of period
$280 $781 $(46)
Nine Months Ended
June 30, 2023
Preferred StockRight to Recover for Covered Losses
Series BSeries C
(in millions)
Balance as of beginning of period
$460 $812 $(35)
VE territory covered losses incurred(1)
— — (21)
Recovery through conversion rate adjustment(2)
(19)(11)31 
Balance as of end of period
$441 $801 $(25)
(1)VE territory covered losses incurred reflect settlements with merchants and additional legal costs. See Note 13—Legal Matters.
(2)Adjustment to right to recover for covered losses for the conversion rate adjustment differs from the actual recovered amount due to differences in foreign exchange rates between the time the losses were incurred and the subsequent recovery through the conversion rate adjustment.
Schedule of Preferred Stock As-Converted Value and Book Value
The following table presents the as-converted value of the preferred stock available to recover VE territory covered losses compared to the book value of preferred stock recorded within the Company’s consolidated balance sheets:
June 30, 2024September 30, 2023
As-converted Value of Preferred Stock(1),(2)
Book Value of Preferred Stock(1)
As-converted Value of Preferred Stock(1),(3)
Book Value of Preferred Stock(1)
(in millions)
Series B preferred stock$1,757 $280 $1,676 $441 
Series C preferred stock2,987 781 2,635 801 
Total4,744 1,061 4,311 1,242 
Less: right to recover for covered losses(46)(46)(140)(140)
Total recovery for covered losses available$4,698 $1,015 $4,171 $1,102 
(1)Figures in the table may not recalculate exactly due to rounding. As-converted and book values are based on unrounded numbers.
(2)As of June 30, 2024, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 2.6980 and 3.6050, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $262.47, Visa’s class A common stock closing stock price.
(3)As of September 30, 2023, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 2.9370 and 3.6290, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $230.01, Visa’s class A common stock closing stock price.
v3.24.2
Fair Value Measurements and Investments (Tables)
 9 Months Ended
Jun. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Assets and Liabilities Measured at Fair Value on a Recurring Basis
 Fair Value Measurements
Using Inputs Considered as
 Level 1Level 2
 June 30,
2024		September 30,
2023		June 30,
2024		September 30,
2023
 (in millions)
Assets
Cash equivalents and restricted cash equivalents:
Money market funds
$9,703 $13,504 $— $— 
U.S. Treasury securities
7 301 — — 
Investment securities:
Marketable equity securities
286 339 — — 
U.S. government-sponsored debt securities
— — 789 1,108 
U.S. Treasury securities
5,659 4,316 — — 
Other current and non-current assets:
Money market funds
29 23 — — 
Derivative instruments
— — 278 293 
Total $15,684 $18,483 $1,067 $1,401 
Liabilities
Accrued compensation and benefits:
Deferred compensation liability
$229 $175 $— $— 
Accrued and other liabilities:
Derivative instruments
— — 263 396 
Total $229 $175 $263 $396 
Schedule of Amortized Cost, Unrealized Gains and Losses, and Fair Value of Debt Securities
The amortized cost, unrealized gains and losses and fair value of debt securities were as follows:
June 30, 2024
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$791 $— $(2)$789 
U.S. Treasury securities5,688 4 (26)5,666 
Total$6,479 $4 $(28)$6,455 
September 30, 2023
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$1,109 $1 $(2)$1,108 
U.S. Treasury securities4,697 — (80)4,617 
Total$5,806 $1 $(82)$5,725 
Debt securities with unrealized losses for less than 12 months and 12 months or greater were as follows:
June 30, 2024
Less Than 12 Months
12 Months or Greater
Fair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
(in millions)
U.S. government-sponsored debt securities$526 $(1)$164 $(1)
U.S. Treasury securities2,496 (7)1,704 (19)
Total$3,022 $(8)$1,868 $(20)
September 30, 2023
Less Than 12 Months
12 Months or Greater
Fair ValueGross Unrealized LossesFair ValueGross Unrealized Losses
(in millions)
U.S. government-sponsored debt securities$412 $(2)$50 $— 
U.S. Treasury securities1,360 (12)2,128 (68)
Total$1,772 $(14)$2,178 $(68)
Schedule of Debt Securities Classified by Contractual Maturity Date
The stated maturities of debt securities were as follows:
June 30,
2024
 (in millions)
Due within one year$3,418 
Due after one year through five years
3,037 
Total$6,455 
Schedule of Non-Marketable Equity Securities
The following table summarizes the Company’s non-marketable equity securities held as of period end that were accounted for using the fair value measurement alternative:
June 30,
2024
(in millions)
Initial cost basis
$710 
Adjustments:
Upward adjustments
909 
Downward adjustments, including impairment
(458)
Carrying amount
$1,161 
Unrealized gains and losses of the Company’s non-marketable equity securities held as of period end that were accounted for using the fair value measurement alternative were as follows:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions)
Upward adjustments$— $75 $9 $94 
Downward adjustments, including impairment
$(13)$— $(28)$(86)
v3.24.2
Debt (Tables)
 9 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The Company had outstanding debt as follows:
June 30,
2024		September 30,
2023
Effective Interest Rate(1)
(in millions, except percentages)
U.S. dollar notes
3.15% Senior Notes due December 2025
$4,000 $4,000 3.26 %
1.90% Senior Notes due April 2027
1,500 1,500 2.02 %
0.75% Senior Notes due August 2027
500 500 0.84 %
2.75% Senior Notes due September 2027
750 750 2.91 %
2.05% Senior Notes due April 2030
1,500 1,500 2.13 %
1.10% Senior Notes due February 2031
1,000 1,000 1.20 %
4.15% Senior Notes due December 2035
1,500 1,500 4.23 %
2.70% Senior Notes due April 2040
1,000 1,000 2.80 %
4.30% Senior Notes due December 2045
3,500 3,500 4.37 %
3.65% Senior Notes due September 2047
750 750 3.73 %
2.00% Senior Notes due August 2050
1,750 1,750 2.09 %
Euro notes
1.50% Senior Notes due June 2026
1,448 1,434 1.71 %
2.00% Senior Notes due June 2029
1,073 1,062 2.13 %
2.375% Senior Notes due June 2034
697 690 2.53 %
Total debt
20,968 20,936 
Unamortized discounts and debt issuance costs(146)(159)
Hedge accounting fair value adjustments(2)
(220)(314)
Total carrying value of debt
$20,602 $20,463 
Reported as:
Current maturities of debt$— $— 
Long-term debt20,602 20,463 
Total carrying value of debt
$20,602 $20,463 
(1)Effective interest rates disclosed do not reflect hedge accounting adjustments.
(2)Represents the fair value of interest rate swap agreements entered into on a portion of the outstanding senior notes.
v3.24.2
Stockholders' Equity (Tables)
 9 Months Ended
Jun. 30, 2024
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class
As-converted class A common stock. The number of shares of each series and class, and the number of shares of class A common stock on an as-converted basis were as follows:
June 30, 2024September 30, 2023
Shares
Outstanding		Conversion Rate Into 
Class A
Common Stock
As-converted Class A
Common
Stock(1)
Shares
Outstanding		Conversion Rate Into
Class A
Common Stock
As-converted Class A
Common
Stock(1)
(in millions, except conversion rate)
Series A preferred stock— 
(2)
100.0000 5 — 
(2)
100.0000 7 
Series B preferred stock2 2.6980 7 2 2.9370 7 
Series C preferred stock3 3.6050 11 3 3.6290 11 
Class A common stock1,678 — 1,678 1,594 — 1,594 
Class B-1 common stock
5 1.5875 
(3)
8 245 1.5875 
(3)
390 
Class B-2 common stock
120 1.5875 
(3)
191 — 
(4)
— — 
Class C common stock27 4.0000 107 10 4.0000 38 
Total2,007 2,047 
(1)Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on unrounded numbers.
(2)The number of shares outstanding was less than one million.
(3)The class B-1 and class B-2 to class A common stock conversion calculations for dividend payments are based on a conversion rate rounded to the tenth decimal. Conversion rates are presented on a rounded basis.
(4)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See class B-1 common stock exchange offer below for further details.
Schedule of Effect of U.S. Retrospective Responsibility Plan on the Company Class Common B As-Converted Shares The following table presents the reduction in the number of as-converted class B-1 common stock after deposits into the U.S. litigation escrow account under the U.S. retrospective responsibility plan:
Nine Months Ended
June 30,
20242023
(in millions, except per share data)
Reduction in equivalent number of class A common stock— 4 
Effective price per share(1)
$— $219.70 
Deposits into the U.S. litigation escrow account$— $850 
(1)Effective price per share for the period represents the weighted-average price calculated using the effective prices per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificate of incorporation.
Schedule of Effect of VE Territory Covered Losses Recovery on the Company Repurchasing its Common Stock
The following table presents the reduction in the number of as-converted series B and C preferred stock after the Company recovered VE territory covered losses through conversion rate adjustments under the Europe retrospective responsibility plan:
Nine Months Ended
June 30, 2024		Nine Months Ended
June 30, 2023
Series BSeries CSeries BSeries C
(in millions, except per share data)
Reduction in equivalent number of class A common stock1 — 
(1)
— 
(1)
— 
(1)
Effective price per share(2)
$270.07 $269.62 $219.12 $215.28 
Recovery through conversion rate adjustment
$161 $20 $19 $11 
(1)The reduction in equivalent number of shares of class A common stock was less than one million shares.
(2)Effective price per share for the period represents the weighted-average price calculated using the effective prices per share of the respective adjustments made during the period. Effective price per share for each adjustment is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificates of designations for its series B and C preferred stock.
Schedule of Share Repurchase Program Disclosure
Common stock repurchases. The following table presents share repurchases in the open market:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions, except per share data)
Shares repurchased in the open market(1)
17 13 42 39 
Average repurchase cost per share(2)
$276.75 $229.00 $263.91 $214.44 
Total cost(2)
$4,770 $3,064 $11,163 $8,395 
(1)Shares repurchased in the open market are retired and constitute authorized but unissued shares.
(2)Figures in the table may not recalculate exactly due to rounding. Average repurchase cost per share and total cost are calculated based on unrounded numbers and include applicable taxes. Shares repurchased in the open market include $200 million unsettled repurchases as of June 30, 2024.
v3.24.2
Earnings Per Share (Tables)
 9 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following table presents earnings per share for the three months ended June 30, 2024:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
(in millions, except per share data)
Class A common stock $3,870 1,610 $2.40 $4,872 2,029 
(2)
$2.40 
Class B-1 common stock 372 97 $3.82 $371 97 $3.81 
Class B-2 common stock(3)
283 74 $3.82 $282 74 $3.81 
Class C common stock 275 29 $9.62 $275 29 $9.60 
Participating securities72 Not presentedNot presented$72 Not presentedNot presented
Net income$4,872 
The following table presents earnings per share for the nine months ended June 30, 2024:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
(in millions, except per share data)
Class A common stock $11,276 1,591 $7.09 $14,425 2,038 
(2)
$7.08 
Class B-1 common stock 2,209 196 $11.25 $2,206 196 $11.24 
Class B-2 common stock(3)
277 25 $11.25 $276 25 $11.24 
Class C common stock 447 16 $28.35 $447 16 $28.31 
Participating securities216 Not presentedNot presented$216 Not presentedNot presented
Net income$14,425 
The following table presents earnings per share for the three months ended June 30, 2023:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
(in millions, except per share data)
Class A common stock$3,228 1,614 $2.00 $4,156 2,080 
(2)
$2.00 
Class B-1 common stock
785 245 $3.20 $784 245 $3.19 
Class C common stock77 10 $8.00 $76 10 $7.99 
Participating securities66 Not presentedNot presented$66 Not presentedNot presented
Net income$4,156 
The following table presents earnings per share for the nine months ended June 30, 2023:
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
Income
Allocation
(A)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(1)
(in millions, except per share data)
Class A common stock$9,778 1,623 $6.03 $12,592 2,092 
(2)
$6.02 
Class B-1 common stock
2,369 245 $9.65 $2,366 245 $9.64 
Class C common stock233 10 $24.10 $233 10 $24.08 
Participating securities212 Not presentedNot presented$211 Not presentedNot presented
Net income$12,592 
(1)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers.
(2)Weighted-average diluted shares outstanding are calculated on an as-converted basis and include incremental common stock equivalents, as calculated under the treasury stock method. The common stock equivalents are not material for the three and nine months ended June 30, 2024 and 2023.
(3)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See Note 9—Stockholders’ Equity for further details.
Schedule of Weighted Average Number of Shares as Converted
The following table presents the weighted-average number of as-converted class A common stock outstanding used in the income allocation:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2024202320242023
(in millions)
Class B-1 common stock
155 393 312 393 
Class B-2 common stock(1)
118 — 39 — 
Class C common stock
114 38 63 39 
Participating securities:
Series A preferred stock
6 8 6 10 
Series B preferred stock
7 7 7 7 
Series C preferred stock
11 11 11 11 
(1)     No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See Note 9—Stockholders’ Equity for further details.
v3.24.2
Share-based Compensation (Tables)
 9 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table presents the equity awards granted to employees and non-employee directors under the amended and restated 2007 Equity Incentive Compensation Plan (EIP) during the nine months ended June 30, 2024:
GrantedWeighted-Average Grant Date Fair ValueWeighted-Average Exercise Price
Non-qualified stock options722,695 $62.55 $249.56 
Restricted stock units2,986,911 $252.02 
Performance-based shares(1)
528,008 $281.85 
(1)Represents the maximum number of performance-based shares which could be earned.
v3.24.2
Legal Matters (Tables)
 9 Months Ended
Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Loss Contingencies by Contingency
The following table summarizes the activity related to accrued litigation:
 Nine Months Ended
June 30,
 20242023
 (in millions)
Balance as of beginning of period
$1,751 $1,456 
Provision for uncovered legal matters311 1 
Provision for covered legal matters201 808 
Payments for legal matters(575)(720)
Balance as of end of period
$1,688 $1,545 
The following table summarizes the accrual activity related to U.S. covered litigation:
 Nine Months Ended
June 30,
 20242023
 (in millions)
Balance as of beginning of period
$1,621 $1,441 
Provision for interchange multidistrict litigation140 797 
Payments for U.S. covered litigation(204)(699)
Balance as of end of period
$1,557 $1,539 
The following table summarizes the accrual activity related to VE territory covered litigation:
 Nine Months Ended
June 30,
 20242023
(in millions)
Balance as of beginning of period
$110 $11 
Provision for VE territory covered litigation61 11 
Payments for VE territory covered litigation(146)(19)
Balance as of end of period
$25 $3 
v3.24.2
Summary of Significant Accounting Policies (Details)
Jun. 30, 2024
country
Accounting Policies [Abstract]  
Number of countries in which Visa operates (more than) 200
v3.24.2
Acquisitions - Additional Information (Details) - USD ($)
$ in Millions
Jan. 16, 2024
Jun. 30, 2024
Sep. 30, 2023
Business Acquisition [Line Items]      
Goodwill   $ 18,816 $ 17,997
Pismo Holdings      
Business Acquisition [Line Items]      
Total consideration $ 929    
Amount allocated to technology, intangible assets, other net assets acquired and deferred tax liabilities 139    
Goodwill $ 790    
v3.24.2
Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Disaggregation of Revenue [Line Items]        
Net revenue $ 8,900 $ 8,123 $ 26,309 $ 24,044
U.S.        
Disaggregation of Revenue [Line Items]        
Net revenue 3,621 3,443 10,909 10,550
International        
Disaggregation of Revenue [Line Items]        
Net revenue 5,279 4,680 15,400 13,494
Service revenue        
Disaggregation of Revenue [Line Items]        
Net revenue 3,967 3,668 11,915 10,950
Data processing revenue        
Disaggregation of Revenue [Line Items]        
Net revenue 4,489 4,105 13,104 11,751
International transaction revenue        
Disaggregation of Revenue [Line Items]        
Net revenue 3,194 2,920 9,197 8,466
Other revenue        
Disaggregation of Revenue [Line Items]        
Net revenue 780 597 2,228 1,735
Client incentives        
Disaggregation of Revenue [Line Items]        
Net revenue $ (3,530) $ (3,167) $ (10,135) $ (8,858)
v3.24.2
Revenue - Additional Information (Details)
$ in Billions
Jun. 30, 2024
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue, remaining performance obligation, amount $ 3.7
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue, remaining performance obligation, expected timing of satisfaction, period (in years) 2 years
Revenue, remaining performance obligation (in percent) 50.00%
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Revenue, remaining performance obligation, expected timing of satisfaction, period (in years)
Revenue, remaining performance obligation (in percent) 50.00%
v3.24.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
Jun. 30, 2023
Sep. 30, 2022
Restricted Cash and Cash Equivalents Items [Line Items]        
Cash and cash equivalents $ 12,947 $ 16,286    
Cash, cash equivalents, restricted cash and restricted cash equivalents 19,276 21,990 $ 21,039 $ 20,377
U.S. litigation escrow        
Restricted Cash and Cash Equivalents Items [Line Items]        
Restricted cash and restricted cash equivalents: 1,596 1,764    
Customer collateral        
Restricted Cash and Cash Equivalents Items [Line Items]        
Restricted cash and restricted cash equivalents: 3,472 3,005    
Prepaid expenses and other current assets        
Restricted Cash and Cash Equivalents Items [Line Items]        
Restricted cash and restricted cash equivalents: $ 1,261 $ 935    
v3.24.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Additional Information (Details)
$ in Millions
 9 Months Ended
Jun. 30, 2024
USD ($)
Cash and Cash Equivalents [Abstract]  
Right-of-use assets obtained in exchange for lease liabilities $ 387
v3.24.2
U.S. and Europe Retrospective Responsibility Plans - Schedule of Changes in the U.S. Litigation Escrow Account (Detail) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Escrow Account [Roll Forward]    
Balance as of beginning of period $ 1,764 $ 1,449
Deposits into the U.S. litigation escrow account 0 850
Balance as of end of period 1,596 1,627
Interest Income | Opt-out Merchants    
Escrow Account [Roll Forward]    
Payments to opt-out merchants, net of interest earned on escrow funds $ (168) $ (672)
v3.24.2
U.S. and Europe Retrospective Responsibility Plans - Additional Details (Details)
€ in Millions, $ in Billions
 9 Months Ended
Jul. 19, 2024
USD ($)
shares
Jun. 30, 2024
EUR (€)
Class of Stock [Line Items]    
VE covered loss, maximum amount of loss to allow adjustment of conversion rate during six-month period | €   € 20
Subsequent Event    
Class of Stock [Line Items]    
Preferred stock, conversion ratio, denominator (in shares) 100  
Series B Preferred Stock And Series C Preferred Stock | Subsequent Event    
Class of Stock [Line Items]    
Preferred stock released | $ $ 2.7  
Series A preferred stock | Subsequent Event    
Class of Stock [Line Items]    
Stock issued during the period, new issues (in shares) 99,264  
Series B preferred stock | Subsequent Event    
Class of Stock [Line Items]    
Preferred stock, conversion rate, downward adjustment 1.6950  
Series C preferred stock | Subsequent Event    
Class of Stock [Line Items]    
Preferred stock, conversion rate, downward adjustment 1.8190  
v3.24.2
U.S. and Europe Retrospective Responsibility Plans - Schedule of Changes in Preferred Stock and Right to Recover Covered Losses (Details)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2023
USD ($)
shares
Mar. 31, 2024
shares
Sep. 30, 2023
USD ($)
$ / shares
shares
Mar. 31, 2023
shares
Sep. 30, 2022
shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period $ 40,485 $ 38,565 $ 38,733 $ 35,581        
VE territory covered losses incurred (21) (6) (81) (21)        
Recovery through conversion rate adjustment (6) 0 (6) 1        
Balance as of end of period 39,729 38,981 39,729 38,981        
As-converted Value of Preferred Stock 4,744   4,744     $ 4,311    
Book Value of Preferred Stock 1,425   1,425     1,698    
Book Value of Preferred Stock, Total 1,061   1,061     1,242    
Less: right to recover for covered losses (46)   (46)     (140)    
As-converted Value of Preferred Stock, Total recovery for covered losses available 4,698   4,698     4,171    
Book Value of Preferred of Stock, Total recovery for covered losses available $ 1,015   $ 1,015     $ 1,102    
Preferred stock, shares outstanding (in shares) | shares 5   5     5    
Share price (in dollars per share) | $ / shares $ 262.47   $ 262.47     $ 230.01    
Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period $ 1,602 1,885 $ 1,698 [1] 2,324 [2]        
Recovery through conversion rate adjustment (156) (16) (181) (30)        
Balance as of end of period $ 1,425 [1] $ 1,786 [2] $ 1,425 [1] $ 1,786 [2]        
Preferred stock, shares outstanding (in shares) | shares 5 5 5 5 5 5 5 5
Right to Recover for Covered Losses                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period $ (175) $ (35) $ (140) $ (35)        
VE territory covered losses incurred (21) (6) (81) (21)        
Recovery through conversion rate adjustment 150 16 175 31        
Balance as of end of period (46) (25) (46) (25)        
Series B preferred stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Recovery through conversion rate adjustment     161 19        
As-converted Value of Preferred Stock 1,757   1,757     $ 1,676    
Book Value of Preferred Stock $ 280   $ 280     $ 441    
Preferred stock, shares outstanding (in shares) | shares 2   2     2    
Preferred stock, conversion rate 2.6980   2.6980     2.9370    
Series B preferred stock | Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period     $ 441 460        
VE territory covered losses incurred     0 0        
Recovery through conversion rate adjustment     (161) (19)        
Balance as of end of period $ 280 441 280 441        
Series C preferred stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Recovery through conversion rate adjustment     20 11        
As-converted Value of Preferred Stock 2,987   2,987     $ 2,635    
Book Value of Preferred Stock $ 781   $ 781     $ 801    
Preferred stock, shares outstanding (in shares) | shares 3   3     3    
Preferred stock, conversion rate 3.6050   3.6050     3.6290    
Series C preferred stock | Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period     $ 801 812        
VE territory covered losses incurred     0 0        
Recovery through conversion rate adjustment     (20) (11)        
Balance as of end of period $ 781 $ 801 $ 781 $ 801        
[1] As of June 30, 2024 and September 30, 2023, the book value of series A preferred stock was $364 million and $456 million, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock
[2] As of June 30, 2023 and September 30, 2022, the book value of series A preferred stock was $544 million and $1.0 billion, respectively. Refer to Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock.
v3.24.2
Fair Value Measurements and Investments - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
Assets    
Investment securities $ 6,455 $ 5,725
Level 1 | Recurring    
Assets    
Total 15,684 18,483
Liabilities    
Total 229 175
Level 1 | Recurring | Deferred compensation liability    
Liabilities    
Deferred compensation liability 229 175
Level 1 | Recurring | Derivative instruments    
Liabilities    
Derivative instruments 0 0
Level 1 | Money market funds | Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 9,703 13,504
Other current and non-current assets: 29 23
Level 1 | U.S. government-sponsored debt securities | Recurring    
Assets    
Investment securities 0 0
Level 1 | U.S. Treasury securities | Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 7 301
Investment securities 5,659 4,316
Level 1 | Marketable equity securities | Recurring    
Assets    
Marketable equity securities 286 339
Level 1 | Derivative instruments | Recurring    
Assets    
Other current and non-current assets: 0 0
Level 2 | Recurring    
Assets    
Total 1,067 1,401
Liabilities    
Total 263 396
Level 2 | Recurring | Deferred compensation liability    
Liabilities    
Deferred compensation liability 0 0
Level 2 | Recurring | Derivative instruments    
Liabilities    
Derivative instruments 263 396
Level 2 | Money market funds | Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 0 0
Other current and non-current assets: 0 0
Level 2 | U.S. government-sponsored debt securities | Recurring    
Assets    
Investment securities 789 1,108
Level 2 | U.S. Treasury securities | Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 0 0
Investment securities 0 0
Level 2 | Marketable equity securities | Recurring    
Assets    
Marketable equity securities 0 0
Level 2 | Derivative instruments | Recurring    
Assets    
Other current and non-current assets: $ 278 $ 293
v3.24.2
Fair Value Measurements and Investments - Schedule of Amortized Cost, Unrealized Gains and Losses, and Fair Value of Available-for-Sale Securities (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
Debt Securities, Available-for-Sale [Line Items]    
Amortized Cost $ 6,479 $ 5,806
Gross Unrealized Gains 4 1
Gross Unrealized Losses (28) (82)
Fair Value 6,455 5,725
U.S. government-sponsored debt securities    
Debt Securities, Available-for-Sale [Line Items]    
Amortized Cost 791 1,109
Gross Unrealized Gains 0 1
Gross Unrealized Losses (2) (2)
Fair Value 789 1,108
U.S. Treasury securities    
Debt Securities, Available-for-Sale [Line Items]    
Amortized Cost 5,688 4,697
Gross Unrealized Gains 4 0
Gross Unrealized Losses (26) (80)
Fair Value $ 5,666 $ 4,617
v3.24.2
Fair Value Measurements and Investments - Schedule of Continuous Unrealized Losses for Less than 12 Months and More than 12 Months (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
Debt Securities, Available-for-Sale [Line Items]    
Less Than 12 Months, Fair Value $ 3,022 $ 1,772
Less Than 12 Months, Gross Unrealized Losses (8) (14)
12 Months or Greater, Fair Value 1,868 2,178
12 Months or Greater, Gross Unrealized Losses (20) (68)
U.S. government-sponsored debt securities    
Debt Securities, Available-for-Sale [Line Items]    
Less Than 12 Months, Fair Value 526 412
Less Than 12 Months, Gross Unrealized Losses (1) (2)
12 Months or Greater, Fair Value 164 50
12 Months or Greater, Gross Unrealized Losses (1) 0
U.S. Treasury securities    
Debt Securities, Available-for-Sale [Line Items]    
Less Than 12 Months, Fair Value 2,496 1,360
Less Than 12 Months, Gross Unrealized Losses (7) (12)
12 Months or Greater, Fair Value 1,704 2,128
12 Months or Greater, Gross Unrealized Losses $ (19) $ (68)
v3.24.2
Fair Value Measurements and Investments - Schedule of Debt Securities Classified by Contractual Maturity Date (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
Fair Value Disclosures [Abstract]    
Due within one year $ 3,418  
Due after one year through five years 3,037  
Total $ 6,455 $ 5,725
v3.24.2
Fair Value Measurements and Investments - Additional Information (Detail) - USD ($)
 3 Months Ended 9 Months Ended
Feb. 01, 2024
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Unrealized gains (losses) on equity securities held as of the end of the period   $ (16,000,000) $ 96,000,000 $ (3,000,000) $ (85,000,000)  
Impairment of indefinite-lived intangible assets and goodwill $ 0          
Senior Notes            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Carrying value of debt   20,600,000,000   20,600,000,000   $ 20,500,000,000
Estimated Fair Value | Senior Notes            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Estimated fair value of debt   $ 18,300,000,000   $ 18,300,000,000   $ 17,700,000,000
v3.24.2
Fair Value Measurements and Investments - Schedule of Non-Marketable Equity Securities (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Fair Value Disclosures [Abstract]        
Initial cost basis $ 710   $ 710  
Upward adjustments 909   909  
Downward adjustments, including impairment (458)   (458)  
Carrying amount 1,161   1,161  
Upward adjustments 0 $ 75 9 $ 94
Downward adjustments, including impairment $ (13) $ 0 $ (28) $ (86)
v3.24.2
Debt - Schedule of Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Sep. 30, 2023
Debt Instrument [Line Items]    
Unamortized discounts and debt issuance costs $ (146) $ (159)
Hedge accounting fair value adjustments (220) (314)
Total carrying value of debt 20,602 20,463
Current maturities of debt 0 0
Long-term debt 20,602 20,463
Senior Notes    
Debt Instrument [Line Items]    
Total debt 20,968 20,936
Senior Notes | 3.15% Senior Notes due December 2025 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 4,000 4,000
Effective interest rate (percent) 3.26%  
Stated interest rate (percent) 3.15%  
Senior Notes | 1.90% Senior Notes due April 2027 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 1,500 1,500
Effective interest rate (percent) 2.02%  
Stated interest rate (percent) 1.90%  
Senior Notes | 0.75% Senior Notes due August 2027 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 500 500
Effective interest rate (percent) 0.84%  
Stated interest rate (percent) 0.75%  
Senior Notes | 2.75% Senior Notes due September 2027 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 750 750
Effective interest rate (percent) 2.91%  
Stated interest rate (percent) 2.75%  
Senior Notes | 2.05% Senior Notes due April 2030 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 1,500 1,500
Effective interest rate (percent) 2.13%  
Stated interest rate (percent) 2.05%  
Senior Notes | 1.10% Senior Notes due February 2031 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 1,000 1,000
Effective interest rate (percent) 1.20%  
Stated interest rate (percent) 1.10%  
Senior Notes | 4.15% Senior Notes due December 2035 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 1,500 1,500
Effective interest rate (percent) 4.23%  
Stated interest rate (percent) 4.15%  
Senior Notes | 2.70% Senior Notes due April 2040 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 1,000 1,000
Effective interest rate (percent) 2.80%  
Stated interest rate (percent) 2.70%  
Senior Notes | 4.30% Senior Notes due December 2045 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 3,500 3,500
Effective interest rate (percent) 4.37%  
Stated interest rate (percent) 4.30%  
Senior Notes | 3.65% Senior Notes due September 2047 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 750 750
Effective interest rate (percent) 3.73%  
Stated interest rate (percent) 3.65%  
Senior Notes | 2.00% Senior Notes due August 2050 | U.S.    
Debt Instrument [Line Items]    
Total debt $ 1,750 1,750
Effective interest rate (percent) 2.09%  
Stated interest rate (percent) 2.00%  
Senior Notes | 1.50% Senior Notes due June 2026 | Europe    
Debt Instrument [Line Items]    
Total debt $ 1,448 1,434
Effective interest rate (percent) 1.71%  
Stated interest rate (percent) 1.50%  
Senior Notes | 2.00% Senior Notes due June 2029 | Europe    
Debt Instrument [Line Items]    
Total debt $ 1,073 1,062
Effective interest rate (percent) 2.13%  
Stated interest rate (percent) 2.00%  
Senior Notes | 2.375% Senior Notes due June 2034 | Europe    
Debt Instrument [Line Items]    
Total debt $ 697 $ 690
Effective interest rate (percent) 2.53%  
Stated interest rate (percent) 2.375%  
v3.24.2
Settlement Guarantee Management - Additional Information (Details)
$ in Billions
 9 Months Ended
Jun. 30, 2024
USD ($)
Settlement Guarantee Management [Abstract]  
Maximum settlement exposure $ 136.8
Average daily settlement exposure 83.4
Total collateral $ 7.3
v3.24.2
Stockholders' Equity - Number of Shares of Class A Common Shares Outstanding on an As-Converted Basis (Details)
shares in Millions
Jun. 30, 2024
shares
Sep. 30, 2023
shares
Schedule of Common Stock as Converted [Line Items]    
Preferred stock, shares outstanding (in shares) 5 5
As-converted Class A Common Stock (in shares) 2,007 2,047
Series A preferred stock    
Schedule of Common Stock as Converted [Line Items]    
Preferred stock, shares outstanding (in shares) 0 0
Preferred stock, conversion rate into Class A Common Stock 100.0000 100.0000
As-converted Class A Common Stock (in shares) 5 7
Series B preferred stock    
Schedule of Common Stock as Converted [Line Items]    
Preferred stock, shares outstanding (in shares) 2 2
Preferred stock, conversion rate into Class A Common Stock 2.6980 2.9370
As-converted Class A Common Stock (in shares) 7 7
Series C preferred stock    
Schedule of Common Stock as Converted [Line Items]    
Preferred stock, shares outstanding (in shares) 3 3
Preferred stock, conversion rate into Class A Common Stock 3.6050 3.6290
As-converted Class A Common Stock (in shares) 11 11
Class A common stock    
Schedule of Common Stock as Converted [Line Items]    
Common stock, shares outstanding (in shares) 1,678 1,594
Common stock, conversion rate into Class A Common Stock 0 0
As-converted Class A Common Stock (in shares) 1,678 1,594
Class B-1 common stock    
Schedule of Common Stock as Converted [Line Items]    
Common stock, shares outstanding (in shares) 5 245
Common stock, conversion rate into Class A Common Stock 1.5875 1.5875
As-converted Class A Common Stock (in shares) 8 390
Class B-2 common stock    
Schedule of Common Stock as Converted [Line Items]    
Common stock, shares outstanding (in shares) 120 0
Common stock, conversion rate into Class A Common Stock 1.5875 0
As-converted Class A Common Stock (in shares) 191 0
Class C common stock    
Schedule of Common Stock as Converted [Line Items]    
Common stock, shares outstanding (in shares) 27 10
Common stock, conversion rate into Class A Common Stock 4.0000 4.0000
As-converted Class A Common Stock (in shares) 107 38
v3.24.2
Stockholders' Equity - Additional Information (Details) - USD ($)
$ / shares in Units, $ in Millions
 3 Months Ended 9 Months Ended
Jul. 19, 2024
May 08, 2024
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Jul. 23, 2024
May 06, 2024
Oct. 31, 2023
Sep. 30, 2023
Oct. 31, 2022
Equity, Class of Treasury Stock [Line Items]                      
Share repurchase program                 $ 25,000   $ 12,000
Share repurchase programs authorized     $ 18,900   $ 18,900            
Dividends paid     $ 1,056 $ 937 $ 3,200 $ 2,800          
Preferred Stock                      
Equity, Class of Treasury Stock [Line Items]                      
Preferred stock, shares authorized (in shares)     25,000,000   25,000,000         25,000,000  
Series A preferred stock                      
Equity, Class of Treasury Stock [Line Items]                      
Preferred stock, shares authorized (in shares)     4,000,000   4,000,000         4,000,000  
Series B preferred stock                      
Equity, Class of Treasury Stock [Line Items]                      
Preferred stock, shares authorized (in shares)     2,000,000   2,000,000         2,000,000  
Series C preferred stock                      
Equity, Class of Treasury Stock [Line Items]                      
Preferred stock, shares authorized (in shares)     3,000,000   3,000,000         3,000,000  
Class A common stock                      
Equity, Class of Treasury Stock [Line Items]                      
Common stock, shares authorized (in shares)     2,000,000,000,000.0   2,000,000,000,000.0         2,000,000,000,000.0  
Class B-1 common stock                      
Equity, Class of Treasury Stock [Line Items]                      
Stock tendered during period, shares, stock exchange offer (in shares)               241,000,000      
Common stock, shares authorized (in shares)     499,000,000   499,000,000         622,000,000  
Class B-2 common stock                      
Equity, Class of Treasury Stock [Line Items]                      
Stock issued during the period, new issues (in shares)   120,000,000                  
Common stock, shares authorized (in shares)     123,000,000   123,000,000            
Class B-3 common stock                      
Equity, Class of Treasury Stock [Line Items]                      
Common stock, shares authorized (in shares)     61,000,000   61,000,000            
Class B-4 common stock                      
Equity, Class of Treasury Stock [Line Items]                      
Common stock, shares authorized (in shares)     31,000,000   31,000,000            
Class B-5 common stock                      
Equity, Class of Treasury Stock [Line Items]                      
Common stock, shares authorized (in shares)     15,000,000   15,000,000            
Class C common stock                      
Equity, Class of Treasury Stock [Line Items]                      
Stock issued during the period, new issues (in shares)   48,000,000                  
Common stock, shares authorized (in shares)     1,100,000,000   1,100,000,000         1,100,000,000  
Subsequent Event                      
Equity, Class of Treasury Stock [Line Items]                      
Quarterly cash dividend (in dollars per share)             $ 0.52        
Subsequent Event | Series A preferred stock                      
Equity, Class of Treasury Stock [Line Items]                      
Stock issued during the period, new issues (in shares) 99,264                    
v3.24.2
Stockholders' Equity - Schedule of As-Converted Class B Common Stock (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Stockholders' Equity Note [Abstract]    
Reduction in equivalent number of as-converted shares of class A common stock (in shares) 0 4
Effective price per share (in dollars per share) $ 0 $ 219.70
Deposits into the U.S. litigation escrow account $ 0 $ 850
v3.24.2
Stockholders' Equity - Effect of VE Territory Covered Losses Through Conversion Rate Adjustments (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Conversion of Stock [Line Items]        
Recovery through conversion rate adjustment $ (6) $ 0 $ (6) $ 1
Series B preferred stock        
Conversion of Stock [Line Items]        
Reduction in equivalent number of class A common stock (in shares)     1 0
Effective price per share (in dollars per share)     $ 270.07 $ 219.12
Recovery through conversion rate adjustment     $ 161 $ 19
Series C preferred stock        
Conversion of Stock [Line Items]        
Reduction in equivalent number of class A common stock (in shares)     0 0
Effective price per share (in dollars per share)     $ 269.62 $ 215.28
Recovery through conversion rate adjustment     $ 20 $ 11
v3.24.2
Stockholders' Equity - Share Repurchases in the Open Market (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Sep. 30, 2023
Equity, Class of Treasury Stock [Line Items]          
Total cost $ 4,770 $ 3,064 $ 11,163 $ 8,395  
Unsettled repurchases $ 4,732   $ 4,732   $ 5,015
Class A common stock          
Equity, Class of Treasury Stock [Line Items]          
Shares repurchased in the open market (in shares) 17 13 42 39  
Average repurchase cost per share (in dollars per share) $ 276.75 $ 229.00 $ 263.91 $ 214.44  
Total cost $ 4,770 $ 3,064 $ 11,163 $ 8,395  
Unsettled repurchases $ 200   $ 200    
v3.24.2
Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 4,872 $ 4,156 $ 14,425 $ 12,592
Class A common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 3,870 $ 3,228 $ 11,276 $ 9,778
Weighted- Average Shares Outstanding - Basic (in shares) 1,610 1,614 1,591 1,623
Earnings per Share - Basic (in dollars per share) $ 2.40 $ 2.00 $ 7.09 $ 6.03
Income Allocation - Diluted $ 4,872 $ 4,156 $ 14,425 $ 12,592
Weighted- Average Shares Outstanding - Diluted (in shares) 2,029 2,080 2,038 2,092
Earnings per Share - Diluted (in dollars per share) $ 2.40 $ 2.00 $ 7.08 $ 6.02
Class B-1 common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 372 $ 785 $ 2,209 $ 2,369
Weighted- Average Shares Outstanding - Basic (in shares) 97 245 196 245
Earnings per Share - Basic (in dollars per share) $ 3.82 $ 3.20 $ 11.25 $ 9.65
Income Allocation - Diluted $ 371 $ 784 $ 2,206 $ 2,366
Weighted- Average Shares Outstanding - Diluted (in shares) 97 245 196 245
Earnings per Share - Diluted (in dollars per share) $ 3.81 $ 3.19 $ 11.24 $ 9.64
Weighted-average as-converted common stock used in income allocation (in shares) 155 393 312 393
Class B-2 common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 283   $ 277  
Weighted- Average Shares Outstanding - Basic (in shares) [1] 74 0 25 0
Earnings per Share - Basic (in dollars per share) [1] $ 3.82 $ 0 $ 11.25 $ 0
Income Allocation - Diluted $ 282   $ 276  
Weighted- Average Shares Outstanding - Diluted (in shares) [1] 74 0 25 0
Earnings per Share - Diluted (in dollars per share) [1] $ 3.81 $ 0 $ 11.24 $ 0
Weighted-average as-converted common stock used in income allocation (in shares) 118 0 39 0
Class C common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 275 $ 77 $ 447 $ 233
Weighted- Average Shares Outstanding - Basic (in shares) 29 10 16 10
Earnings per Share - Basic (in dollars per share) $ 9.62 $ 8.00 $ 28.35 $ 24.10
Income Allocation - Diluted $ 275 $ 76 $ 447 $ 233
Weighted- Average Shares Outstanding - Diluted (in shares) 29 10 16 10
Earnings per Share - Diluted (in dollars per share) $ 9.60 $ 7.99 $ 28.31 $ 24.08
Weighted-average as-converted common stock used in income allocation (in shares) 114 38 63 39
Participating securities        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 72 $ 66 $ 216 $ 212
Income Allocation - Diluted $ 72 $ 66 $ 216 $ 211
Series A preferred stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 6 8 6 10
Series B preferred stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 7 7 7 7
Series C preferred stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 11 11 11 11
[1] No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer. See Note 9—Stockholders’ Equity for further details.
v3.24.2
Earnings Per Share - Schedule of Weighted Average Number of Shares (Detail) - shares
shares in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Class B-1 common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 155 393 312 393
Class B-2 common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 118 0 39 0
Class C common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 114 38 63 39
Series A preferred stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 6 8 6 10
Series B preferred stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 7 7 7 7
Series C preferred stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Weighted-average as-converted common stock used in income allocation (in shares) 11 11 11 11
v3.24.2
Share-based Compensation - Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)
 9 Months Ended
Jun. 30, 2024
$ / shares
shares
Non-qualified stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 722,695
Weighted-Average Grant Date Fair Value (in dollars per share) $ 62.55
Weighted-Average Exercise Price (in dollars per share) $ 249.56
Restricted stock units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 2,986,911
Weighted-Average Grant Date Fair Value (in dollars per share) $ 252.02
Performance-based shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 528,008
Weighted-Average Grant Date Fair Value (in dollars per share) $ 281.85
v3.24.2
Share-based Compensation - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
2007 Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 203 $ 184 $ 638 $ 568
v3.24.2
Income Taxes (Details) - USD ($)
 3 Months Ended 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Income Tax Disclosure [Abstract]        
Effective income tax rate reconciliation, percent (in percent) 19.00% 19.00% 18.00% 18.00%
Recognized tax benefit     $ 184,000,000 $ 142,000,000
Unrecognized tax benefits, period increase (decrease), gross $ 219,000,000   215,000,000  
Unrecognized tax benefits, period increase (decrease), net 29,000,000   (101,000,000)  
Increase (decrease) interest accrued related to uncertain tax positions $ 18,000,000 $ 0 $ (33,000,000) $ 0
v3.24.2
Legal Matters - Schedule of Accrued Litigation for Both Covered and Non-Covered Litigation (Detail) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period $ 1,751 $ 1,456
Balance at end of period 1,688 1,545
Uncovered Litigation    
Loss Contingency Accrual [Roll Forward]    
Provision for legal matters 311 1
Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Provision for legal matters 201 808
Payments for legal matters (575) (720)
U.S. Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period 1,621 1,441
Provision for legal matters 140 797
Payments for legal matters (204) (699)
Balance at end of period 1,557 1,539
VE Territory Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period 110 11
Provision for legal matters 61 11
Payments for legal matters (146) (19)
Balance at end of period $ 25 $ 3
v3.24.2
Legal Matters - Additional Information (Details)
 133 Months Ended
May 02, 2024
financialInstitution
Jul. 23, 2024
merchant
Jun. 30, 2024
Dec. 04, 2023
lawsuit
Loss Contingencies [Line Items]        
Number of class action lawsuits | lawsuit       2
Interchange Multidistrict Litigation        
Loss Contingencies [Line Items]        
Settlement percentage     73.00%  
Europe Merchant Litigation | Subsequent Event        
Loss Contingencies [Line Items]        
Number of plaintiffs   1,150    
Number of claims settled   475    
Number of claims pending   600    
Europe Merchant Litigation | Threatened Litigation | Subsequent Event        
Loss Contingencies [Line Items]        
Number of plaintiffs   30    
Mackim v. Visa Inc.        
Loss Contingencies [Line Items]        
Number of financial institutions named as defendants | financialInstitution 3