VISA INC., 10-Q filed on 7/30/2025
Quarterly Report
v3.25.2
Cover - shares
 9 Months Ended
Jun. 30, 2025
Jul. 22, 2025
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2025  
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 2025  
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 $0.0001 per share  
Trading Symbol V  
Security Exchange Name NYSE  
Entity Common Stock, Shares Outstanding   1,698,682,527
2026 Notes    
Document Information [Line Items]    
Title of 12(b) Security 1.500% Senior Notes due 2026  
Trading Symbol V26  
Security Exchange Name NYSE  
2028 Notes    
Document Information [Line Items]    
Title of 12(b) Security 2.250% Senior Notes due 2028  
Trading Symbol V28  
Security Exchange Name NYSE  
2029 Notes    
Document Information [Line Items]    
Title of 12(b) Security 2.000% Senior Notes due 2029  
Trading Symbol V29  
Security Exchange Name NYSE  
2033 Notes    
Document Information [Line Items]    
Title of 12(b) Security 3.125% Senior Notes due 2033  
Trading Symbol V33  
Security Exchange Name NYSE  
2034 Notes    
Document Information [Line Items]    
Title of 12(b) Security 2.375% Senior Notes due 2034  
Trading Symbol V34  
Security Exchange Name NYSE  
2037 Notes    
Document Information [Line Items]    
Title of 12(b) Security 3.500% Senior Notes due 2037  
Trading Symbol V37  
Security Exchange Name NYSE  
2044 Notes    
Document Information [Line Items]    
Title of 12(b) Security 3.875% Senior Notes due 2044  
Trading Symbol V44  
Security Exchange Name NYSE  
Class B-1 common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   4,835,384
Class B-2 common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   120,338,948
Class C common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   8,936,701
v3.25.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Jun. 30, 2025
Sep. 30, 2024
Assets    
Cash and cash equivalents $ 17,092 $ 11,975
Restricted cash equivalents—U.S. litigation escrow 2,696 3,089
Investment securities 2,088 3,200
Settlement receivable 4,778 4,454
Accounts receivable 2,920 2,561
Customer collateral 3,614 3,524
Current portion of client incentives 2,198 1,918
Prepaid expenses and other current assets 3,012 3,312
Total current assets 38,398 34,033
Investment securities 1,203 2,545
Client incentives 5,005 4,628
Property, equipment and technology, net 4,143 3,824
Goodwill 19,880 18,941
Intangible assets, net 27,660 26,889
Other assets 3,735 3,651
Total assets 100,024 94,511
Liabilities    
Accounts payable 462 479
Settlement payable 6,038 5,265
Customer collateral 3,614 3,524
Accrued compensation and benefits 1,474 1,538
Client incentives 10,032 9,075
Accrued liabilities 4,907 4,909
Current maturities of debt 5,548 0
Accrued litigation 2,352 1,727
Total current liabilities 34,427 26,517
Long-term debt 19,590 20,836
Deferred tax liabilities 5,755 5,301
Other liabilities 1,588 2,720
Total liabilities 61,360 55,374
Commitments and contingencies (Note 13)
Equity    
Preferred stock 871 1,031
Right to recover for covered losses (118) (104)
Additional paid-in capital 21,746 21,229
Accumulated income 15,956 17,289
Accumulated other comprehensive income (loss):    
Investment securities 12 30
Defined benefit pension and other postretirement plans (14) (16)
Derivative instruments (356) (213)
Foreign currency translation adjustments 567 (109)
Total accumulated other comprehensive income (loss) 209 (308)
Total equity 38,664 39,137
Total liabilities and equity 100,024 94,511
Class A common stock    
Liabilities    
Accrued liabilities 61  
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
v3.25.2
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares
shares in Millions
Jun. 30, 2025
Sep. 30, 2024
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) 1,702 1,733
Common stock, shares outstanding (in shares) 1,702 1,733
Class B-1 and B-2 common stock    
Common stock, shares issued (in shares) 125 125
Common stock, shares outstanding (in shares) 125 125
Class C common stock    
Common stock, shares issued (in shares) 9 10
Common stock, shares outstanding (in shares) 9 10
v3.25.2
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net revenue $ 10,172 $ 8,900 $ 29,276 $ 26,309
Operating Expenses        
Personnel 1,749 1,573 5,219 4,655
Marketing 421 378 1,108 1,009
Network and processing 224 200 655 570
Professional fees 187 152 503 443
Depreciation and amortization 317 264 904 760
General and administrative 482 382 1,382 1,174
Litigation provision 615 13 1,659 452
Total operating expenses 3,995 2,962 11,430 9,063
Operating income 6,177 5,938 17,846 17,246
Non-operating Income (Expense)        
Interest expense (39) (196) (379) (465)
Investment income (expense) and other 195 247 504 763
Total non-operating income (expense) 156 51 125 298
Income before income taxes 6,333 5,989 17,971 17,544
Income tax provision 1,061 1,117 3,003 3,119
Net income $ 5,272 $ 4,872 $ 14,968 $ 14,425
Class A common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 2.69 $ 2.40 $ 7.60 $ 7.09
Basic Weighted-average Shares Outstanding (in shares) 1,709 1,610 1,720 1,591
Diluted Earnings Per Share (in dollars per share) $ 2.69 $ 2.40 $ 7.59 $ 7.08
Diluted Weighted-average Shares Outstanding (in shares) 1,959 2,029 1,973 2,038
Class B-1 common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 4.21 $ 3.82 $ 11.88 $ 11.25
Basic Weighted-average Shares Outstanding (in shares) 5 97 5 196
Diluted Earnings Per Share (in dollars per share) $ 4.20 $ 3.81 $ 11.87 $ 11.24
Diluted Weighted-average Shares Outstanding (in shares) 5 97 5 196
Class B-2 common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 4.13 $ 3.82 $ 11.70 $ 11.25
Basic Weighted-average Shares Outstanding (in shares) 120 74 120 25
Diluted Earnings Per Share (in dollars per share) $ 4.13 $ 3.81 $ 11.69 $ 11.24
Diluted Weighted-average Shares Outstanding (in shares) 120 74 120 25
Class C common stock        
Earnings Per Share        
Basic Earnings Per Share (in dollars per share) $ 10.78 $ 9.62 $ 30.39 $ 28.35
Basic Weighted-average Shares Outstanding (in shares) 9 29 9 16
Diluted Earnings Per Share (in dollars per share) $ 10.77 $ 9.60 $ 30.35 $ 28.31
Diluted Weighted-average Shares Outstanding (in shares) 9 29 9 16
v3.25.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Statement of Comprehensive Income [Abstract]        
Net income $ 5,272 $ 4,872 $ 14,968 $ 14,425
Investment securities:        
Net unrealized gain (loss) (3) 7 (23) 57
Income tax effect 1 (1) 5 (12)
Defined benefit pension and other postretirement plans:        
Net unrealized actuarial gain (loss) and prior service credit (cost) (2) 0 4 8
Income tax effect 0 0 (1) (2)
Reclassification adjustments (4) 0 (1) 6
Income tax effect 0 0 0 (2)
Derivative instruments:        
Net unrealized gain (loss) (221) 73 (183) 54
Income tax effect 38 (11) 36 (2)
Reclassification adjustments 40 (21) 8 12
Income tax effect (7) 1 (4) (7)
Foreign currency translation adjustments:        
Translation adjustments 1,050 (100) 574 131
Income tax effect 144 (10) 102 14
Other comprehensive income (loss) 1,036 (62) 517 257
Comprehensive income $ 6,308 $ 4,810 $ 15,485 $ 14,682
v3.25.2
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, 2023   5        
Balance as of beginning of period at Sep. 30, 2023 $ 38,733 $ 1,698 [1] $ 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 (81)     (81)    
Recovery through conversion rate adjustment (6) $ (181)   175    
Conversions to class A common stock (in shares)   0 [2] 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 [2]      
Share-based compensation 662   $ 662      
Stock issued under equity plans (in shares)     4      
Stock issued under equity plans 267   $ 267      
Shares withheld for taxes related to stock issued under equity plans (in shares)     (1)      
Shares withheld for taxes related to stock issued under equity plans (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        
Balance as of end of period at Jun. 30, 2024 39,729 $ 1,425 [1] $ 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 (21)     (21)    
Recovery through conversion rate adjustment (6) $ (156)   150    
Conversions to class A common stock (in shares)   0 [3] 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 [3]      
Share-based compensation 211   $ 211      
Stock issued under equity plans (in shares)     1      
Stock issued under equity plans 84   $ 84      
Shares withheld for taxes related to stock issued under equity plans (in shares) [3]     0      
Shares withheld for taxes related to stock issued under equity plans (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        
Balance as of end of period at Jun. 30, 2024 $ 39,729 $ 1,425 [1] $ 20,832 (46) 18,578 (1,060)
Ending balance (in shares) at Jun. 30, 2024     1,830      
Beginning balance (in shares) at Sep. 30, 2024 5 5        
Balance as of beginning of period at Sep. 30, 2024 $ 39,137 $ 1,031 [4] $ 21,229 (104) 17,289 (308)
Beginning balance (in shares) at Sep. 30, 2024     1,868      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 14,968       14,968  
Other comprehensive income (loss) 517         517
VE territory covered losses (22)     (22)    
Recovery through conversion rate adjustment 0 $ (8)   8    
Conversions to class A common stock (in shares)   0 [5] 5      
Conversions to class A common stock 0 $ (152) $ 152      
Share-based compensation 706   $ 706      
Stock issued under equity plans (in shares)     4      
Stock issued under equity plans 341   $ 341      
Shares withheld for taxes related to stock issued under equity plans (in shares)     (1)      
Shares withheld for taxes related to stock issued under equity plans (254)   $ (254)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (3,488)       (3,488)  
Repurchases of class A common stock (in shares)     (40)      
Repurchases of class A common stock $ (13,241)   $ (428)   (12,813)  
Ending balance (in shares) at Jun. 30, 2025 5 5        
Balance as of end of period at Jun. 30, 2025 $ 38,664 $ 871 [4] $ 21,746 (118) 15,956 209
Ending balance (in shares) at Jun. 30, 2025     1,836      
Beginning balance (in shares) at Mar. 31, 2025   5        
Balance as of beginning of period at Mar. 31, 2025 38,030 $ 880 $ 21,579 (120) 16,518 (827)
Beginning balance (in shares) at Mar. 31, 2025     1,849      
Increase (Decrease) in Stockholders' Equity [Roll Forward]            
Net income 5,272       5,272  
Other comprehensive income (loss) 1,036         1,036
VE territory covered losses 2     2    
Conversions to class A common stock (in shares)   0 [6] 1      
Conversions to class A common stock 0 $ (9) $ 9      
Share-based compensation 223   $ 223      
Stock issued under equity plans (in shares) [6]     0      
Stock issued under equity plans 95   $ 95      
Shares withheld for taxes related to stock issued under equity plans (in shares) [6]     0      
Shares withheld for taxes related to stock issued under equity plans (12)   $ (12)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (1,154)       (1,154)  
Repurchases of class A common stock (in shares)     (14)      
Repurchases of class A common stock $ (4,828)   $ (148)   (4,680)  
Ending balance (in shares) at Jun. 30, 2025 5 5        
Balance as of end of period at Jun. 30, 2025 $ 38,664 $ 871 [4] $ 21,746 $ (118) $ 15,956 $ 209
Ending balance (in shares) at Jun. 30, 2025     1,836      
[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. See 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, 2025 and September 30, 2024, the book value of series A convertible participating preferred stock (series A preferred stock) was $388 million and $540 million, respectively. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B convertible participating preferred stock (series B preferred stock) and series C convertible participating preferred stock (series C preferred stock).
[5] Increase or decrease is less than one million.
[6] Increase or decrease is less than one million.
v3.25.2
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
Dividends declared, quarterly, per share (in dollars per share) $ 0.59 $ 0.52 $ 0.59 $ 0.52    
Dividends paid, quarterly, per share (in dollars per share) $ 0.59 $ 0.52 $ 0.59 $ 0.52    
Book value of preferred stock $ 871   $ 871   $ 1,031  
Series A preferred stock            
Book value of preferred stock $ 388 $ 364 $ 388 $ 364 $ 540 $ 456
v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating Activities    
Net income $ 14,968 $ 14,425
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Client incentives 11,503 10,135
Share-based compensation 706 662
Depreciation and amortization 904 760
Deferred income taxes 347 (99)
VE territory covered losses (22) (81)
(Gains) losses on equity investments, net 133 48
Other 70 122
Change in operating assets and liabilities:    
Settlement receivable (211) 92
Accounts receivable (334) (214)
Client incentives (11,253) (10,317)
Other assets (18) (173)
Accounts payable (14) (27)
Settlement payable 619 (765)
Accrued and other liabilities (1,199) (1,216)
Accrued litigation 622 (66)
Net cash provided by (used in) operating activities 16,821 13,286
Investing Activities    
Purchases of property, equipment and technology (1,093) (948)
Purchases of investment securities 0 (4,443)
Proceeds from maturities and sales of investment securities 2,468 3,866
Acquisitions, net of cash and restricted cash acquired (887) (915)
Purchases of other investments (41) (19)
Other investing activities (43) (51)
Net cash provided by (used in) investing activities 404 (2,510)
Financing Activities    
Repurchases of class A common stock (13,389) (10,865)
Dividends paid (3,488) (3,176)
Proceeds from issuance of senior notes 3,924 0
Proceeds from stock issued under equity plans 341 267
Taxes paid related to stock issued under equity plans (254) (189)
Other financing activities (97) 399
Net cash provided by (used in) financing activities (12,963) (13,564)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents 416 74
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 4,678 (2,714)
Cash, cash equivalents, restricted cash and restricted cash equivalents as of beginning of period 19,763 21,990
Cash, cash equivalents, restricted cash and restricted cash equivalents as of end of period 24,441 19,276
Supplemental Disclosure    
Cash paid for income taxes, net [1] 3,587 4,699
Interest payments on debt 539 534
Accruals related to purchases of property, equipment and technology $ 51 $ 30
[1] For the nine months ended June 30, 2025, the amount includes $1.3 billion of cash paid for federal transferable tax credits.
v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical)
$ in Billions
 9 Months Ended
Jun. 30, 2025
USD ($)
Statement of Cash Flows [Abstract]  
Cash paid for transferable tax credits $ 1.3
v3.25.2
Summary of Significant Accounting Policies
 9 Months Ended
Jun. 30, 2025
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 (GAAP). The Company consolidates entities for which it has a controlling financial interest, 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 GAAP. Reference should be made to Visa’s Annual Report on Form 10-K for the year ended September 30, 2024 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 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.
v3.25.2
Acquisitions
 9 Months Ended
Jun. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions
Note 2—Acquisitions
In December 2024, Visa acquired Featurespace Limited, a developer of real-time artificial intelligence payments protection technology that prevents and mitigates payments fraud and financial crime risks, for a purchase consideration of $946 million. The Company allocated $152 million of the purchase consideration to technology, customer relationships, other net assets acquired and deferred tax liabilities and the remaining $794 million to goodwill.
v3.25.2
Revenue
 9 Months Ended
Jun. 30, 2025
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,
2025202420252024
(in millions)
Service revenue
$4,330 $3,967 $12,937 $11,915 
Data processing revenue
5,153 4,489 14,599 13,104 
International transaction revenue
3,633 3,194 10,366 9,197 
Other revenue
1,028 780 2,877 2,228 
Client incentives(3,972)(3,530)(11,503)(10,135)
Net revenue
$10,172 $8,900 $29,276 $26,309 

Three Months Ended
June 30,		Nine Months Ended
June 30,
2025202420252024
(in millions)
U.S.$3,927 $3,621 $11,476 $10,909 
International6,245 5,279 17,800 15,400 
Net revenue
$10,172 $8,900 $29,276 $26,309 
For the three months ended June 30, 2025 and 2024, revenue from value-added services was $2.8 billion and $2.2 billion, respectively. For the nine months ended June 30, 2025 and 2024, revenue from value-added services was $7.8 billion and $6.4 billion, respectively. Revenue from value-added services is recognized within data processing, other and service revenue.
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, 2025, the remaining performance obligations were $4.7 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.
v3.25.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
 9 Months Ended
Jun. 30, 2025
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [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,
2025		September 30,
2024
(in millions)
Cash and cash equivalents$17,092 $11,975 
Restricted cash and restricted cash equivalents:
U.S. litigation escrow2,696 3,089 
Customer collateral3,614 3,524 
Prepaid expenses and other current assets 1,039 1,175 
Cash, cash equivalents, restricted cash and restricted cash equivalents
$24,441 $19,763 
v3.25.2
U.S. and Europe Retrospective Responsibility Plans
 9 Months Ended
Jun. 30, 2025
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 U.S. litigation escrow account:
Nine Months Ended
June 30,
20252024
 (in millions)
Balance as of beginning of period
$3,089 $1,764 
Deposits into the U.S. litigation escrow account375 — 
Payments to opt-out merchants(1), net of interest earned on escrow funds
(768)(168)
Balance as of end of period
$2,696 $1,596 
(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 tables present the activities in the preferred stock and right to recover for covered losses within stockholders’ equity:
Nine Months Ended
June 30, 2025
Preferred StockRight to Recover for Covered Losses
Series BSeries C
(in millions)
Balance as of beginning of period
$104 $387 $(104)
VE territory covered losses(1)
— — (22)
Recovery through conversion rate adjustment
(5)(3)8 
Balance as of end of period
$99 $384 $(118)
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(1)
— — (81)
Recovery through conversion rate adjustment(2)
(161)(20)175 
Balance as of end of period
$280 $781 $(46)
(1)VE territory covered losses reflect litigation provision for 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, 2025September 30, 2024
As-converted Value(1),(2)
Book Value
As-converted Value(1),(3)
Book Value
(in millions)
Series B preferred stock$877 $99 $684 $104 
Series C preferred stock1,998 384 1,550 387 
Total2,875 483 2,234 491 
Less: right to recover for covered losses(118)(118)(104)(104)
Total recovery for covered losses available$2,757 $365 $2,130 $387 
(1)Figures in the table may not recalculate exactly due to rounding. As-converted value is based on unrounded numbers.
(2)As of June 30, 2025, 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) 0.9960 and 1.7830, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $355.05, Visa’s class A common stock closing stock price.
(3)As of September 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) 1.0030 and 1.7860, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $274.95, Visa’s class A common stock closing stock price.
v3.25.2
Fair Value Measurements and Investments
 9 Months Ended
Jun. 30, 2025
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,
2025		September 30,
2024		June 30,
2025		September 30,
2024
 (in millions)
Assets
Cash equivalents and restricted cash equivalents:
Money market funds
$13,412 $10,403 $— $— 
U.S. Treasury securities
7 7 — — 
Investment securities:
Marketable equity securities
318 301 — — 
U.S. government-sponsored debt securities
— — 304 496 
U.S. Treasury securities
2,669 4,948 — — 
Other current and non-current assets:
Money market funds
27 25 — — 
Derivative instruments
— — 89 103 
Total $16,433 $15,684 $393 $599 
Liabilities
Accrued compensation and benefits:
Deferred compensation liability
$254 $238 $— $— 
Accrued and other liabilities:
Derivative instruments
— — 435 226 
Total $254 $238 $435 $226 
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, 2025
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$303 $1 $— $304 
U.S. Treasury securities2,661 15 — 2,676 
Total$2,964 $16 $— $2,980 
September 30, 2024
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$492 $4 $— $496 
U.S. Treasury securities4,920 40 (5)4,955 
Total$5,412 $44 $(5)$5,451 
The stated maturities of debt securities were as follows:
June 30,
2025
 (in millions)
Due within one year$1,840 
Due after one year through five years
1,140 
Total$2,980 
Equity Securities
For the three months ended June 30, 2025 and 2024, the Company recognized net unrealized losses of $7 million and $16 million, respectively, on marketable and non-marketable equity securities held as of period end. For the nine months ended June 30, 2025 and 2024, the Company recognized net unrealized losses of $40 million and $3 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,
2025		September 30,
2024
(in millions)
Initial cost basis
$709 $711 
Adjustments:
Upward adjustments
854 910 
Downward adjustments, including impairment
(495)(465)
Carrying amount
$1,068 $1,156 
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,
2025202420252024
(in millions)
Upward adjustments$4 $— $11 $9 
Downward adjustments, including impairment
$(2)$(13)$(51)$(28)
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, instruments. 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, 2025, the carrying value and estimated fair value of debt was $25.1 billion and $23.2 billion, respectively. As of September 30, 2024, the carrying value and estimated fair value of debt was $20.8 billion and $19.2 billion, respectively.
Other financial instruments not measured at fair value. As of June 30, 2025, 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 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, 2025, 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, 2025.
v3.25.2
Debt
 9 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Debt
Note 7—Debt
The Company had outstanding debt as follows:
June 30,
2025		September 30,
2024
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
1,587 1,513 1.71 %
2.25% Senior Notes due May 2028
1,469 — 2.57 %
2.00% Senior Notes due June 2029
1,176 1,120 2.13 %
3.125% Senior Notes due May 2033
1,176 — 3.20 %
2.375% Senior Notes due June 2034
764 728 2.53 %
3.50% Senior Notes due May 2037
764 — 3.62 %
3.875% Senior Notes due May 2044
705 — 4.02 %
Total debt
25,391 21,111 
Unamortized discounts and debt issuance costs(188)(142)
Hedge accounting fair value adjustments(2)
(65)(133)
Total carrying value of debt
$25,138 $20,836 
Reported as:
Current maturities of debt$5,548 $— 
Long-term debt19,590 20,836 
Total carrying value of debt
$25,138 $20,836 
(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.

Senior Notes
In May 2025, the Company issued Euro-denominated fixed-rate senior notes in a public offering in an aggregate principal amount of €3.5 billion ($3.9 billion), with maturities ranging between 3 and 19 years. The 2028 Notes, 2033 Notes, 2037 Notes and 2044 Notes have interest rates of 2.25%, 3.125%, 3.50% and 3.875%, respectively. Interest on these notes is payable annually on May 15 of each year, commencing May 15, 2026. The net aggregate proceeds, after deducting discounts and debt issuance costs, were approximately €3.5 billion ($3.9 billion). The Company intends to use the net proceeds for general corporate purposes, which may include, among other things, the refinancing of existing indebtedness.
The Company’s outstanding senior notes are senior unsecured obligations of the Company, ranking equally and ratably among themselves and with the Company’s existing and future unsecured and unsubordinated debt. The senior notes are not secured by any assets of the Company and are not guaranteed by any of the Company’s subsidiaries. As of June 30, 2025, the Company was in compliance with all related covenants. Each series of senior notes may be redeemed as a whole or in part at the Company’s option at any time at specified redemption prices. In addition, each series of the Euro-denominated senior notes may be redeemed as a whole at specified redemption prices upon the occurrence of certain U.S. tax events.
Non-derivative Financial Instrument Designated as a Net Investment Hedge
The Company designated all of the €3.5 billion Euro-denominated senior notes issued in May 2025, a non-derivative financial instrument, as a hedge against a portion of the Company’s Euro-denominated net investment in Visa Europe.
v3.25.2
Settlement Guarantee Management
 9 Months Ended
Jun. 30, 2025
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. For the nine months ended June 30, 2025, the Company’s maximum daily settlement exposure was $153.4 billion and the average daily settlement exposure was $90.0 billion. To mitigate the risk of settlement exposure, the Company has various forms of collateral including restricted cash, letters of credit, guarantees, beneficial rights to trust assets and pledged securities. As of June 30, 2025, the Company had total collateral of $8.5 billion.
v3.25.2
Stockholders' Equity
 9 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Stockholders' Equity
Note 9—Stockholders’ Equity
As-converted class A common stock. The number of shares outstanding, and the number of shares of class A common stock on an as-converted basis were as follows:
June 30, 2025September 30, 2024
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 6 — 
(2)
100.0000 9 
Series B preferred stock2 0.9960 2 2 1.0030 2 
Series C preferred stock3 1.7830 6 3 1.7860 6 
Class A common stock1,702 — 1,702 1,733 — 1,733 
Class B-1 common stock
5 1.5609 
(3)
8 5 1.5653 
(3)
8 
Class B-2 common stock
120 1.5342 
(3)
185 120 1.5430 
(3)
186 
Class C common stock9 4.0000 36 10 4.0000 39 
Total1,945 1,983 
(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.
Reduction in as-converted shares. The following table presents the reduction in the number of as-converted class B-1 and B-2 common stock after deposits into the U.S. litigation escrow account under the U.S. retrospective responsibility plan:
Nine Months Ended
June 30,
20252024
(in millions, except per share data)
Reduction in equivalent number of class A common stock1 — 
Effective price per share(1)
$346.79 $— 
Deposits into the U.S. litigation escrow account
$375 $— 
(1)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, 2025		Nine Months Ended
June 30, 2024
Series BSeries CSeries BSeries C
(in millions, except per share data)
Reduction in equivalent number of class A common stock— 
(1)
— 
(1)
1 — 
(1)
Effective price per share(2)
$312.39 $312.39 $270.07 $269.62 
Recovery through conversion rate adjustment
$5 $3 $161 $20 
(1)The reduction in equivalent number of class A common stock was less than one million shares.
(2)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,
2025202420252024
(in millions, except per share data)
Shares repurchased in the open market(1)
14 17 40 42 
Average repurchase cost per share(2)
$349.24 $276.75 $330.39 $263.91 
Total cost(2)
$4,828 $4,770 $13,241 $11,163 
(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. As of June 30, 2025 and 2024, shares repurchased in the open market include unsettled repurchases of $61 million and $200 million, respectively.
In October 2023, the Company’s board of directors authorized a $25.0 billion share repurchase program and in April 2025, authorized an additional $30.0 billion share repurchase program, both providing multi-year flexibility. These authorizations have no expiration date. As of June 30, 2025, the Company’s share repurchase program had remaining authorized funds of $29.8 billion. All share repurchase programs authorized prior to April 2025 have been completed.
Dividends. For the three months ended June 30, 2025 and 2024, the Company declared and paid dividends of $1,154 million and $1,056 million, respectively. For the nine months ended June 30, 2025 and 2024, the Company declared and paid dividends of $3.5 billion and $3.2 billion, respectively. On July 29, 2025, the Company’s board of directors declared a quarterly cash dividend of $0.59 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 2, 2025 to all holders of record as of August 12, 2025.
Class B common stock. In January 2024, Visa’s common stockholders approved amendments to the Company’s certificate of incorporation that authorized Visa to implement an exchange offer program that released 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. 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.
Class B-1 common stock exchange offer. In May 2024, Visa accepted 241 million shares of class B-1 common stock tendered in the exchange offer. In exchange, 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.
v3.25.2
Earnings Per Share
 9 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share
Note 10—Earnings Per Share
The following tables present earnings per share:
Three Months Ended
June 30, 2025
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$4,605 1,709 $2.69 $5,272 
(3)
1,959 
(3)
$2.69 
Class B-1 common stock20 5 $4.21 $20 5 $4.20 
Class B-2 common stock497 120 $4.13 $497 120 $4.13 
Class C common stock97 9 $10.78 $97 9 $10.77 
Participating securities53 Not presentedNot presented$53 Not presentedNot presented
Net income$5,272 
Nine Months Ended
June 30, 2025
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$13,067 1,720 $7.60 $14,968 
(3)
1,973 
(3)
$7.59 
Class B-1 common stock57 5 $11.88 $57 5 $11.87 
Class B-2 common stock1,408 120 $11.70 $1,406 120 $11.69 
Class C common stock280 9 $30.39 $280 9 $30.35 
Participating securities156 Not presentedNot presented$156 Not presentedNot presented
Net income$14,968 
Three Months Ended
June 30, 2024
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$3,870 1,610 $2.40 $4,872 
(3)
2,029 
(3)
$2.40 
Class B-1 common stock372 97 $3.82 $371 97 $3.81 
Class B-2 common stock283 74 $3.82 $282 74 $3.81 
Class C common stock275 29 $9.62 $275 29 $9.60 
Participating securities72 Not presentedNot presented$72 Not presentedNot presented
Net income$4,872 
Nine Months Ended
June 30, 2024
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$11,276 1,591 $7.09 $14,425 
(3)
2,038 
(3)
$7.08 
Class B-1 common stock2,209 196 $11.25 $2,206 196 $11.24 
Class B-2 common stock277 25 $11.25 $276 25 $11.24 
Class C common stock447 16 $28.35 $447 16 $28.31 
Participating securities216 Not presentedNot presented$216 Not presentedNot presented
Net income$14,425 
(1)Income allocation is based on the weighted-average number of as-converted class A common stock outstanding as shown in the table below.
(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers.
(3)Diluted class A common stock earnings per share calculation includes the assumed conversion of any class B-1, B-2 and C common stock and participating securities on an as-converted basis as shown in the table below and the incremental common stock equivalents related to employee stock plans, as calculated under the treasury stock method. The common stock equivalents were not material for the three and nine months ended June 30, 2025 and 2024.

The following table presents the weighted-average number of as-converted class A common stock outstanding:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2025202420252024
(in millions)
Class B-1 common stock8 155 8 312 
Class B-2 common stock
185 118 185 39 
Class C common stock36 114 37 63 
Participating securities20 30 20 31 
v3.25.2
Share-based Compensation
 9 Months Ended
Jun. 30, 2025
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) for the nine months ended June 30, 2025:
GrantedWeighted-Average Grant Date Fair ValueWeighted-Average Exercise Price
Non-qualified stock options643,847 $73.55 $311.85 
Restricted stock units2,591,835 $313.07 
Performance-based shares(1)
476,480 $345.65 
(1)Represents the maximum number of performance-based shares which could be earned.
For the three months ended June 30, 2025 and 2024, the Company recorded share-based compensation cost related to the EIP of $215 million and $203 million, respectively. For the nine months ended June 30, 2025 and 2024, the Company recorded share-based compensation cost related to the EIP of $680 million and $638 million, respectively.
v3.25.2
Income Taxes
 9 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes
Note 12—Income Taxes
For the three and nine months ended June 30, 2025, the effective income tax rate was 17%, and for the three and nine months ended June 30, 2024, the effective income tax rates were 19% and 18%, respectively. The effective income tax rates differ due to a change in the geographic mix of earnings as well as the following:
•For the three and nine months ended June 30, 2025, a $60 million net tax benefit due to the reassessment of uncertain tax positions as a result of new information obtained during a tax examination;
•For the nine months ended June 30, 2025, a $222 million tax benefit as a result of a tax position taken on certain expenses, partially offset by a $71 million tax expense related to the resolution of a tax matter; and
•For the nine months ended June 30, 2024, a $184 million tax benefit as a result of the conclusion of an audit.
For the three and nine months ended June 30, 2025, the Company’s gross unrecognized tax benefits decreased $2.4 billion and $2.1 billion, respectively, and the Company’s net unrecognized tax benefits decreased $66 million and increased $34 million, respectively. The change in unrecognized tax benefits is related to various tax positions across several jurisdictions and reflects the reassessment mentioned above, including a decrease in gross timing differences. For the three and nine months ended June 30, 2025, accrued interest related to uncertain tax positions decreased $168 million and $142 million, respectively. For the three and nine months ended June 30, 2024, accrued interest related to uncertain tax positions increased $18 million and decreased $33 million, respectively.
The Internal Revenue Service concluded fieldwork related to its examination of the Company’s U.S. federal income tax returns for fiscal 2016 through 2018. For fiscal 2008 through 2018, an unresolved issue related to certain income tax deductions remains.
The Company’s California income tax examination for fiscal 2012 through 2015 concluded and the Company filed an administrative appeal related to refund claims for those years. The Company’s California income tax returns for fiscal 2016 through 2021 are currently under examination. Except for the refund claims, the California statute of limitations has expired for fiscal years prior to 2016.
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.
v3.25.2
Legal Matters
 9 Months Ended
Jun. 30, 2025
Commitments and Contingencies Disclosure [Abstract]  
Legal Matters
Note 13—Legal Matters
The Company is a 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,
 20252024
 (in millions)
Balance as of beginning of period
$1,727 $1,751 
Provision for uncovered legal matters114 311 
Provision for covered legal matters1,564 201 
Payments for legal matters(1,053)(575)
Balance as of end of period
$2,352 $1,688 
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,
 20252024
 (in millions)
Balance as of beginning of period
$1,537 $1,621 
Provision for interchange multidistrict litigation1,545 140 
Payments for U.S. covered litigation(827)(204)
Balance as of end of period
$2,255 $1,557 
For the nine months ended June 30, 2025, the Company recorded additional accruals of $1.5 billion and deposited $375 million into the U.S. litigation escrow account 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 class A common stock 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,
 20252024
(in millions)
Balance as of beginning of period
$72 $110 
Provision for VE territory covered litigation19 61 
Payments for VE territory covered litigation(85)(146)
Balance as of end of period
$6 $25 
U.S. Covered Litigation
Interchange Multidistrict Litigation (MDL) – Individual Merchant Actions
Visa has reached settlements with a number of merchants representing approximately 82% 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 15, 2024, defendants served a motion for injunction compelling dismissal of claims by Intuit and Block. On March 24, 2025, the magistrate judge recommended that the motion for injunction be denied, and defendants filed an objection to the magistrate judge’s recommendation.
On December 18, 2024, in the actions led by Target Corporation and by 7-Eleven, Inc., the U.S. District Court for the Southern District of New York denied defendants’ motion for a revised summary judgment ruling based on Illinois Brick.
In the action led by Grubhub Holdings Inc., the U.S. District Court for the Northern District of Illinois set a trial date.
Consumer Interchange Litigation
On December 30, 2024, the district court adopted the magistrate judge’s recommendation to deny defendants’ motion to compel arbitration and grant defendants’ motion to dismiss plaintiffs’ California law claims, and plaintiffs moved for reconsideration. On May 12, 2025, the U.S. District Court for the Eastern District of New York denied plaintiffs’ motion for reconsideration and their request for leave to amend the complaint, which decision plaintiffs have both appealed and moved to alter or amend.
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. They seek damages for alleged anti-competitive conduct in relation to one or more of the following types of interchange fees for credit and debit card transactions: UK domestic, other European domestic, intra-European Economic Area and/or other inter-regional. As of the filing date, Visa has settled the claims asserted by over 950 Merchants, and there are approximately 150 Merchants with outstanding claims. In addition, over 30 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. While the amount of interchange being challenged could be substantial, these claims have not yet been filed and their full scope is not yet known. The Company anticipates additional claims in the future.
On December 19, 2024 the UK Court of Appeal issued a decision restricting Merchant damages to six years preceding the claim filing. The six-year limitation period will apply to all existing and future Merchant claims brought under English law in the Courts of England and Wales. In April 2025, a trial was completed before the UK
Competition Appeal Tribunal (CAT) regarding the extent to which interchange fees were passed on by acquirers and merchants. On June 25, 2025, a judgment was handed down by the CAT determining that certain interchange rates restrict competition under UK antitrust law.
On July 8, 2025, Visa was served with a class action claim in the Netherlands on behalf of Dutch merchants against several Visa entities. The claim alleges that inter-regional interchange fees on transactions at Dutch merchants are a restriction of competition and seeks damages from 1992 to present.
Other Litigation
The claimant in the class action in the Israel Central District Court filed a counter-response to Visa’s July 22, 2024 response and a preliminary hearing was held on February 26, 2025.
Other Litigation
U.S. Department of Justice

On December 16, 2024, Visa filed a motion to dismiss the complaint. On June 23, 2025, the court denied the motion.
U.S. Debit Class Actions
On November 26, 2024, plaintiffs in the four putative class actions brought on behalf of merchants then-pending in the U.S. District Court for the Southern District of New York moved to consolidate their cases, appoint interim leadership, and enter an interim schedule, which the court granted. On December 16, 2024, those plaintiffs filed an amended consolidated complaint. On December 13, 2024, plaintiffs in three putative class actions brought on behalf of cardholders pending in or being transferred to the U.S. District Court for the Southern District of New York moved to consolidate their cases, appoint interim leadership and enter an interim schedule, which the court granted. Two remaining cardholder actions were subsequently transferred to that court. On December 27, 2024, plaintiffs in the consolidated cardholder actions filed an amended consolidated complaint. On January 29, 2025, an additional putative class action brought on behalf of merchants was filed in the U.S. District Court for the Southern District of New York, which was consolidated into the existing merchant consolidated complaint. On February 24, 2025, Visa filed motions to dismiss the consolidated complaints by merchants and cardholders. Visa also filed a motion to stay the litigation as to certain putative class representatives and certain claims in the merchant complaint, which was granted. On March 28, 2025, Visa filed a motion in the U.S. District Court for the Eastern District of New York to compel dismissal of certain claims asserted by certain putative class representatives.
U.S. Securities Class Action
On November 20, 2024, Beibei Cai filed a putative securities class action in the U.S. District Court for the Northern District of California against Visa Inc., and certain of our officers on behalf of all persons or entities who purchased or otherwise acquired publicly traded Visa securities between November 16, 2023 and September 23, 2024. The complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 10b-5 in failing to disclose that Visa was in violation of U.S. federal antitrust laws, as was alleged in the lawsuit filed by the U.S. Department of Justice on September 24, 2024 (see U.S. Department of Justice matter). The plaintiff seeks a ruling that this case may proceed as a class action, and seeks damages, attorneys’ fees, and costs. On April 23, 2025, the court appointed Cai as lead representative plaintiff. On July 15, 2025 plaintiff filed an amended complaint adding certain current and former officers as defendants and bringing the action on behalf of all persons or entities who purchased or otherwise acquired publicly traded Visa securities between March 2, 2023 and September 23, 2024.
Derivative Cases
Between January 31, 2025, and March 27, 2025, three shareholder derivative actions were filed in the U.S. District Court for the Northern District of California. These actions are purportedly brought by shareholders on behalf of Visa Inc. and against certain of its current and former directors and officers. Collectively, the actions assert claims for breach of fiduciary duty and violations of Sections 10(b) and 14(a) of the Securities Exchange Act of 1934 for failing to disclose that Visa was in violation of U.S. federal antitrust laws, as was alleged in the lawsuit filed by the U.S. Department of Justice on September 24, 2024 (see U.S. Department of Justice matter), as well as claims
under Sections 20(a) and 21D of the Exchange Act and for unjust enrichment, abuse of control, gross mismanagement, waste of corporate assets, insider trading, and aiding and abetting. Plaintiffs seek monetary damages, corporate governance changes and other equitable relief on behalf of Visa Inc. in addition to attorneys’ fees and costs.
Debit Surcharge Class Action
On December 4, 2024, James Williams filed a putative class action in the U.S. District Court for the Northern District of California against Visa Inc. on behalf of a nationwide class of all persons in the United States who paid a surcharge when completing a purchase with a Visa debit card in a transaction with a merchant located in the United States since 2010. The complaint claims that Visa has failed to enforce its rules prohibiting merchants from surcharging those transactions, and that plaintiff and putative class members have been harmed as a result. Plaintiff asserts breach of contract, unjust enrichment and unfair competition claims, and seeks monetary damages, declaratory and injunctive relief. On February 13, 2025, Visa filed a motion to dismiss the complaint. On May 28, 2025, the district court granted Visa’s motion to dismiss with leave to amend certain claims, and plaintiff subsequently filed an amended complaint asserting substantially the same claims. On July 23, 2025, Visa filed a motion to dismiss the amended complaint.
U.S. ATM Access Fee Litigation
On December 6, 2024, plaintiffs in the Mackmin action filed a motion for final approval of the class action settlement with Visa and Mastercard, which the court granted on June 23, 2025.
EMV Chip Liability Shift
On June 24, 2025, plaintiffs filed a motion for preliminary approval of class settlements with Discover and American Express.
MiCamp Solutions
On March 24, 2025, the court dismissed with prejudice MiCamp Solutions’ constitutional law claims, dismissed with leave to amend its federal and state antitrust claims and state data privacy law claims, and denied a motion for a temporary restraining order and preliminary injunction that MiCamp Solutions filed on March 6, 2025. On April 14, 2025, MiCamp Solutions filed a second amended complaint alleging violations of federal and state antitrust and unfair competition laws based on Visa’s assessment of fees for non-compliance with its surcharge rules. On May 28, 2025, Visa filed a motion to dismiss the second amended complaint.
Mirage Wine + Spirits Inc.
On July 9, 2025, the court granted defendants’ motion to dismiss the Amended Class Action Complaint, with leave to amend.
German ATM Litigation
Visa’s challenge to the jurisdiction of the German courts to hear the claims is pending in the German Federal Supreme Court.
v3.25.2
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Pay vs Performance Disclosure        
Net Income (Loss) Attributable to Parent $ 5,272 $ 4,872 $ 14,968 $ 14,425
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
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
Julie B. Rottenberg [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On May 7, 2025, 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 8,109 shares of our class A common stock underlying employee stock options. The duration of the trading arrangement is until July 31, 2026 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 May 7, 2025
Expiration Date July 31, 2026
Arrangement Duration 450 days
Aggregate Available 8,109
Ryan McInerney [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On May 15, 2025, Ryan McInerney, our Director and Chief Executive Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 143,075 shares of our class A common stock
underlying employee stock options. The duration of the trading arrangement is until July 31, 2026 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 May 15, 2025
Expiration Date July 31, 2026
Arrangement Duration 442 days
Aggregate Available 143,075
v3.25.2
Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Jun. 30, 2025
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 (GAAP). The Company consolidates entities for which it has a controlling financial interest, 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 GAAP. Reference should be made to Visa’s Annual Report on Form 10-K for the year ended September 30, 2024 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 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.
v3.25.2
Revenue (Tables)
 9 Months Ended
Jun. 30, 2025
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,
2025202420252024
(in millions)
Service revenue
$4,330 $3,967 $12,937 $11,915 
Data processing revenue
5,153 4,489 14,599 13,104 
International transaction revenue
3,633 3,194 10,366 9,197 
Other revenue
1,028 780 2,877 2,228 
Client incentives(3,972)(3,530)(11,503)(10,135)
Net revenue
$10,172 $8,900 $29,276 $26,309 

Three Months Ended
June 30,		Nine Months Ended
June 30,
2025202420252024
(in millions)
U.S.$3,927 $3,621 $11,476 $10,909 
International6,245 5,279 17,800 15,400 
Net revenue
$10,172 $8,900 $29,276 $26,309 
v3.25.2
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Tables)
 9 Months Ended
Jun. 30, 2025
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation [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,
2025		September 30,
2024
(in millions)
Cash and cash equivalents$17,092 $11,975 
Restricted cash and restricted cash equivalents:
U.S. litigation escrow2,696 3,089 
Customer collateral3,614 3,524 
Prepaid expenses and other current assets 1,039 1,175 
Cash, cash equivalents, restricted cash and restricted cash equivalents
$24,441 $19,763 
v3.25.2
U.S. and Europe Retrospective Responsibility Plans (Tables)
 9 Months Ended
Jun. 30, 2025
Retrospective Responsibility Plans [Abstract]  
Schedule of Changes in the U.S. litigation escrow account
The following table presents the changes in the U.S. litigation escrow account:
Nine Months Ended
June 30,
20252024
 (in millions)
Balance as of beginning of period
$3,089 $1,764 
Deposits into the U.S. litigation escrow account375 — 
Payments to opt-out merchants(1), net of interest earned on escrow funds
(768)(168)
Balance as of end of period
$2,696 $1,596 
(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 tables present the activities in the preferred stock and right to recover for covered losses within stockholders’ equity:
Nine Months Ended
June 30, 2025
Preferred StockRight to Recover for Covered Losses
Series BSeries C
(in millions)
Balance as of beginning of period
$104 $387 $(104)
VE territory covered losses(1)
— — (22)
Recovery through conversion rate adjustment
(5)(3)8 
Balance as of end of period
$99 $384 $(118)
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(1)
— — (81)
Recovery through conversion rate adjustment(2)
(161)(20)175 
Balance as of end of period
$280 $781 $(46)
(1)VE territory covered losses reflect litigation provision for 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, 2025September 30, 2024
As-converted Value(1),(2)
Book Value
As-converted Value(1),(3)
Book Value
(in millions)
Series B preferred stock$877 $99 $684 $104 
Series C preferred stock1,998 384 1,550 387 
Total2,875 483 2,234 491 
Less: right to recover for covered losses(118)(118)(104)(104)
Total recovery for covered losses available$2,757 $365 $2,130 $387 
(1)Figures in the table may not recalculate exactly due to rounding. As-converted value is based on unrounded numbers.
(2)As of June 30, 2025, 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) 0.9960 and 1.7830, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $355.05, Visa’s class A common stock closing stock price.
(3)As of September 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) 1.0030 and 1.7860, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $274.95, Visa’s class A common stock closing stock price.
v3.25.2
Fair Value Measurements and Investments (Tables)
 9 Months Ended
Jun. 30, 2025
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,
2025		September 30,
2024		June 30,
2025		September 30,
2024
 (in millions)
Assets
Cash equivalents and restricted cash equivalents:
Money market funds
$13,412 $10,403 $— $— 
U.S. Treasury securities
7 7 — — 
Investment securities:
Marketable equity securities
318 301 — — 
U.S. government-sponsored debt securities
— — 304 496 
U.S. Treasury securities
2,669 4,948 — — 
Other current and non-current assets:
Money market funds
27 25 — — 
Derivative instruments
— — 89 103 
Total $16,433 $15,684 $393 $599 
Liabilities
Accrued compensation and benefits:
Deferred compensation liability
$254 $238 $— $— 
Accrued and other liabilities:
Derivative instruments
— — 435 226 
Total $254 $238 $435 $226 
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, 2025
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$303 $1 $— $304 
U.S. Treasury securities2,661 15 — 2,676 
Total$2,964 $16 $— $2,980 
September 30, 2024
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$492 $4 $— $496 
U.S. Treasury securities4,920 40 (5)4,955 
Total$5,412 $44 $(5)$5,451 
Schedule of Debt Securities Classified by Contractual Maturity Date
The stated maturities of debt securities were as follows:
June 30,
2025
 (in millions)
Due within one year$1,840 
Due after one year through five years
1,140 
Total$2,980 
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,
2025		September 30,
2024
(in millions)
Initial cost basis
$709 $711 
Adjustments:
Upward adjustments
854 910 
Downward adjustments, including impairment
(495)(465)
Carrying amount
$1,068 $1,156 
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,
2025202420252024
(in millions)
Upward adjustments$4 $— $11 $9 
Downward adjustments, including impairment
$(2)$(13)$(51)$(28)
v3.25.2
Debt (Tables)
 9 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Schedule of Debt
The Company had outstanding debt as follows:
June 30,
2025		September 30,
2024
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
1,587 1,513 1.71 %
2.25% Senior Notes due May 2028
1,469 — 2.57 %
2.00% Senior Notes due June 2029
1,176 1,120 2.13 %
3.125% Senior Notes due May 2033
1,176 — 3.20 %
2.375% Senior Notes due June 2034
764 728 2.53 %
3.50% Senior Notes due May 2037
764 — 3.62 %
3.875% Senior Notes due May 2044
705 — 4.02 %
Total debt
25,391 21,111 
Unamortized discounts and debt issuance costs(188)(142)
Hedge accounting fair value adjustments(2)
(65)(133)
Total carrying value of debt
$25,138 $20,836 
Reported as:
Current maturities of debt$5,548 $— 
Long-term debt19,590 20,836 
Total carrying value of debt
$25,138 $20,836 
(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.
v3.25.2
Stockholders' Equity (Tables)
 9 Months Ended
Jun. 30, 2025
Stockholders' Equity Note [Abstract]  
Schedule of Stock by Class
As-converted class A common stock. The number of shares outstanding, and the number of shares of class A common stock on an as-converted basis were as follows:
June 30, 2025September 30, 2024
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 6 — 
(2)
100.0000 9 
Series B preferred stock2 0.9960 2 2 1.0030 2 
Series C preferred stock3 1.7830 6 3 1.7860 6 
Class A common stock1,702 — 1,702 1,733 — 1,733 
Class B-1 common stock
5 1.5609 
(3)
8 5 1.5653 
(3)
8 
Class B-2 common stock
120 1.5342 
(3)
185 120 1.5430 
(3)
186 
Class C common stock9 4.0000 36 10 4.0000 39 
Total1,945 1,983 
(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.
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 class B-1 and B-2 common stock after deposits into the U.S. litigation escrow account under the U.S. retrospective responsibility plan:
Nine Months Ended
June 30,
20252024
(in millions, except per share data)
Reduction in equivalent number of class A common stock1 — 
Effective price per share(1)
$346.79 $— 
Deposits into the U.S. litigation escrow account
$375 $— 
(1)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, 2025		Nine Months Ended
June 30, 2024
Series BSeries CSeries BSeries C
(in millions, except per share data)
Reduction in equivalent number of class A common stock— 
(1)
— 
(1)
1 — 
(1)
Effective price per share(2)
$312.39 $312.39 $270.07 $269.62 
Recovery through conversion rate adjustment
$5 $3 $161 $20 
(1)The reduction in equivalent number of class A common stock was less than one million shares.
(2)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,
2025202420252024
(in millions, except per share data)
Shares repurchased in the open market(1)
14 17 40 42 
Average repurchase cost per share(2)
$349.24 $276.75 $330.39 $263.91 
Total cost(2)
$4,828 $4,770 $13,241 $11,163 
(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. As of June 30, 2025 and 2024, shares repurchased in the open market include unsettled repurchases of $61 million and $200 million, respectively.
v3.25.2
Earnings Per Share (Tables)
 9 Months Ended
Jun. 30, 2025
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following tables present earnings per share:
Three Months Ended
June 30, 2025
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$4,605 1,709 $2.69 $5,272 
(3)
1,959 
(3)
$2.69 
Class B-1 common stock20 5 $4.21 $20 5 $4.20 
Class B-2 common stock497 120 $4.13 $497 120 $4.13 
Class C common stock97 9 $10.78 $97 9 $10.77 
Participating securities53 Not presentedNot presented$53 Not presentedNot presented
Net income$5,272 
Nine Months Ended
June 30, 2025
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$13,067 1,720 $7.60 $14,968 
(3)
1,973 
(3)
$7.59 
Class B-1 common stock57 5 $11.88 $57 5 $11.87 
Class B-2 common stock1,408 120 $11.70 $1,406 120 $11.69 
Class C common stock280 9 $30.39 $280 9 $30.35 
Participating securities156 Not presentedNot presented$156 Not presentedNot presented
Net income$14,968 
Three Months Ended
June 30, 2024
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$3,870 1,610 $2.40 $4,872 
(3)
2,029 
(3)
$2.40 
Class B-1 common stock372 97 $3.82 $371 97 $3.81 
Class B-2 common stock283 74 $3.82 $282 74 $3.81 
Class C common stock275 29 $9.62 $275 29 $9.60 
Participating securities72 Not presentedNot presented$72 Not presentedNot presented
Net income$4,872 
Nine Months Ended
June 30, 2024
 Basic Earnings Per ShareDiluted Earnings Per Share
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
Income
Allocation
(A)(1)
Weighted-
Average
Shares
Outstanding (B)
Earnings per
Share =
(A)/(B)(2)
(in millions, except per share data)
Class A common stock$11,276 1,591 $7.09 $14,425 
(3)
2,038 
(3)
$7.08 
Class B-1 common stock2,209 196 $11.25 $2,206 196 $11.24 
Class B-2 common stock277 25 $11.25 $276 25 $11.24 
Class C common stock447 16 $28.35 $447 16 $28.31 
Participating securities216 Not presentedNot presented$216 Not presentedNot presented
Net income$14,425 
(1)Income allocation is based on the weighted-average number of as-converted class A common stock outstanding as shown in the table below.
(2)Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers.
(3)Diluted class A common stock earnings per share calculation includes the assumed conversion of any class B-1, B-2 and C common stock and participating securities on an as-converted basis as shown in the table below and the incremental common stock equivalents related to employee stock plans, as calculated under the treasury stock method. The common stock equivalents were not material for the three and nine months ended June 30, 2025 and 2024.
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:
Three Months Ended
June 30,		Nine Months Ended
June 30,
2025202420252024
(in millions)
Class B-1 common stock8 155 8 312 
Class B-2 common stock
185 118 185 39 
Class C common stock36 114 37 63 
Participating securities20 30 20 31 
v3.25.2
Share-based Compensation (Tables)
 9 Months Ended
Jun. 30, 2025
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) for the nine months ended June 30, 2025:
GrantedWeighted-Average Grant Date Fair ValueWeighted-Average Exercise Price
Non-qualified stock options643,847 $73.55 $311.85 
Restricted stock units2,591,835 $313.07 
Performance-based shares(1)
476,480 $345.65 
(1)Represents the maximum number of performance-based shares which could be earned.
v3.25.2
Legal Matters (Tables)
 9 Months Ended
Jun. 30, 2025
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,
 20252024
 (in millions)
Balance as of beginning of period
$1,727 $1,751 
Provision for uncovered legal matters114 311 
Provision for covered legal matters1,564 201 
Payments for legal matters(1,053)(575)
Balance as of end of period
$2,352 $1,688 
The following table summarizes the accrual activity related to U.S. covered litigation:
 Nine Months Ended
June 30,
 20252024
 (in millions)
Balance as of beginning of period
$1,537 $1,621 
Provision for interchange multidistrict litigation1,545 140 
Payments for U.S. covered litigation(827)(204)
Balance as of end of period
$2,255 $1,557 
The following table summarizes the accrual activity related to VE territory covered litigation:
 Nine Months Ended
June 30,
 20252024
(in millions)
Balance as of beginning of period
$72 $110 
Provision for VE territory covered litigation19 61 
Payments for VE territory covered litigation(85)(146)
Balance as of end of period
$6 $25 
v3.25.2
Summary of Significant Accounting Policies (Details)
Jun. 30, 2025
country
Accounting Policies [Abstract]  
Number of countries in which Visa operates (more than) 200
v3.25.2
Acquisitions (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Jun. 30, 2025
Sep. 30, 2024
Business Combination [Line Items]      
Goodwill   $ 19,880 $ 18,941
Featurespace Limited      
Business Combination [Line Items]      
Total consideration $ 946    
Amount allocated to technology, intangible assets, other net assets acquired and deferred tax liabilities 152    
Goodwill $ 794    
v3.25.2
Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Net revenue $ 10,172 $ 8,900 $ 29,276 $ 26,309
U.S.        
Disaggregation of Revenue [Line Items]        
Net revenue 3,927 3,621 11,476 10,909
International        
Disaggregation of Revenue [Line Items]        
Net revenue 6,245 5,279 17,800 15,400
Service revenue        
Disaggregation of Revenue [Line Items]        
Net revenue 4,330 3,967 12,937 11,915
Data processing revenue        
Disaggregation of Revenue [Line Items]        
Net revenue 5,153 4,489 14,599 13,104
International transaction revenue        
Disaggregation of Revenue [Line Items]        
Net revenue 3,633 3,194 10,366 9,197
Other revenue        
Disaggregation of Revenue [Line Items]        
Net revenue 1,028 780 2,877 2,228
Client incentives        
Disaggregation of Revenue [Line Items]        
Net revenue $ (3,972) $ (3,530) $ (11,503) $ (10,135)
v3.25.2
Revenue - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Net revenue $ 10,172 $ 8,900 $ 29,276 $ 26,309
Revenue, remaining performance obligation, amount 4,700   4,700  
Value-Added Services        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Net revenue $ 2,800 $ 2,200 $ 7,800 $ 6,400
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, remaining performance obligation (in percent) 50.00%   50.00%  
Revenue, remaining performance obligation, expected timing of satisfaction, period (in years) 2 years   2 years  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01        
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]        
Revenue, remaining performance obligation (in percent) 50.00%   50.00%  
Revenue, remaining performance obligation, expected timing of satisfaction, period (in years)    
v3.25.2
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, 2025
Sep. 30, 2024
Jun. 30, 2024
Sep. 30, 2023
Restricted Cash and Cash Equivalent Item [Line Items]        
Cash and cash equivalents $ 17,092 $ 11,975    
Cash, cash equivalents, restricted cash and restricted cash equivalents 24,441 19,763 $ 19,276 $ 21,990
U.S. litigation escrow        
Restricted Cash and Cash Equivalent Item [Line Items]        
Restricted cash and restricted cash equivalents: 2,696 3,089    
Customer collateral        
Restricted Cash and Cash Equivalent Item [Line Items]        
Restricted cash and restricted cash equivalents: 3,614 3,524    
Prepaid expenses and other current assets        
Restricted Cash and Cash Equivalent Item [Line Items]        
Restricted cash and restricted cash equivalents: $ 1,039 $ 1,175    
v3.25.2
U.S. and Europe Retrospective Responsibility Plans - Schedule of Changes in the U.S. Litigation Escrow Account (Details) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Escrow Account [Roll Forward]    
Balance as of beginning of period $ 3,089 $ 1,764
Deposits into the U.S. litigation escrow account 375 0
Balance as of end of period 2,696 1,596
Interest Income | Opt-out Merchants    
Escrow Account [Roll Forward]    
Payments to opt-out merchants, net of interest earned on escrow funds $ (768) $ (168)
v3.25.2
U.S. and Europe Retrospective Responsibility Plans - Additional Information (Details)
€ in Millions
 9 Months Ended
Jun. 30, 2025
EUR (€)
Retrospective Responsibility Plans [Abstract]  
VE covered loss, maximum amount of loss to allow adjustment of conversion rate during six-month period € 20
v3.25.2
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, 2025
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
shares
Jun. 30, 2025
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
shares
Mar. 31, 2025
shares
Sep. 30, 2024
USD ($)
$ / shares
shares
Mar. 31, 2024
shares
Sep. 30, 2023
shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period $ 38,030 $ 40,485 $ 39,137 $ 38,733        
VE territory covered losses 2 (21) (22) (81)        
Recovery through conversion rate adjustment   (6) 0 (6)        
Balance as of end of period 38,664 39,729 38,664 39,729        
As-converted Value of Preferred Stock 2,875   2,875     $ 2,234    
Book value of preferred stock 871   871     1,031    
Book Value of Preferred Stock, Total 483   483     491    
Less: right to recover for covered losses (118)   (118)     (104)    
As-converted Value of Preferred Stock, Total recovery for covered losses available 2,757   2,757     2,130    
Book Value of Preferred of Stock, Total recovery for covered losses available $ 365   $ 365     $ 387    
Preferred stock, shares outstanding (in shares) | shares 5   5     5    
Share price (in dollars per share) | $ / shares $ 355.05   $ 355.05     $ 274.95    
Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period $ 880 1,602 $ 1,031 [1] 1,698 [2]        
Recovery through conversion rate adjustment   (156) (8) (181)        
Balance as of end of period $ 871 [1] $ 1,425 [2] $ 871 [1] $ 1,425 [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 $ (120) $ (175) $ (104) $ (140)        
VE territory covered losses 2 (21) (22) (81)        
Recovery through conversion rate adjustment   150 8 175        
Balance as of end of period (118) (46) (118) (46)        
Series B preferred stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Recovery through conversion rate adjustment     5 161        
As-converted Value of Preferred Stock 877   877     $ 684    
Book value of preferred stock $ 99   $ 99     $ 104    
Preferred stock, shares outstanding (in shares) | shares 2   2     2    
Preferred stock, conversion rate 0.9960   0.9960     1.0030    
Series B preferred stock | Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period     $ 104 441        
VE territory covered losses     0 0        
Recovery through conversion rate adjustment     (5) (161)        
Balance as of end of period $ 99 280 99 280        
Series C preferred stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Recovery through conversion rate adjustment     3 20        
As-converted Value of Preferred Stock 1,998   1,998     $ 1,550    
Book value of preferred stock $ 384   $ 384     $ 387    
Preferred stock, shares outstanding (in shares) | shares 3   3     3    
Preferred stock, conversion rate 1.7830   1.7830     1.7860    
Series C preferred stock | Preferred Stock                
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Balance as of beginning of period     $ 387 801        
VE territory covered losses     0 0        
Recovery through conversion rate adjustment     (3) (20)        
Balance as of end of period $ 384 $ 781 $ 384 $ 781        
[1] As of June 30, 2025 and September 30, 2024, the book value of series A convertible participating preferred stock (series A preferred stock) was $388 million and $540 million, respectively. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B convertible participating preferred stock (series B preferred stock) and series C convertible participating preferred stock (series C preferred stock).
[2] As of June 30, 2024 and September 30, 2023, the book value of series A preferred stock was $364 million and $456 million, respectively. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock.
v3.25.2
Fair Value Measurements and Investments - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Sep. 30, 2024
Assets    
Investment securities $ 2,980 $ 5,451
Level 1 | Fair Value, Measurements, Recurring    
Assets    
Total 16,433 15,684
Liabilities    
Total 254 238
Level 1 | Fair Value, Measurements, Recurring | Deferred compensation liability    
Liabilities    
Deferred compensation liability 254 238
Level 1 | Fair Value, Measurements, Recurring | Derivative instruments    
Liabilities    
Derivative instruments 0 0
Level 1 | Money market funds | Fair Value, Measurements, Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 13,412 10,403
Other current and non-current assets: 27 25
Level 1 | U.S. Treasury securities | Fair Value, Measurements, Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 7 7
Investment securities 2,669 4,948
Level 1 | Marketable equity securities | Fair Value, Measurements, Recurring    
Assets    
Marketable equity securities 318 301
Level 1 | U.S. government-sponsored debt securities | Fair Value, Measurements, Recurring    
Assets    
Investment securities 0 0
Level 1 | Derivative instruments | Fair Value, Measurements, Recurring    
Assets    
Other current and non-current assets: 0 0
Level 2 | Fair Value, Measurements, Recurring    
Assets    
Total 393 599
Liabilities    
Total 435 226
Level 2 | Fair Value, Measurements, Recurring | Deferred compensation liability    
Liabilities    
Deferred compensation liability 0 0
Level 2 | Fair Value, Measurements, Recurring | Derivative instruments    
Liabilities    
Derivative instruments 435 226
Level 2 | Money market funds | Fair Value, Measurements, Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 0 0
Other current and non-current assets: 0 0
Level 2 | U.S. Treasury securities | Fair Value, Measurements, Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 0 0
Investment securities 0 0
Level 2 | Marketable equity securities | Fair Value, Measurements, Recurring    
Assets    
Marketable equity securities 0 0
Level 2 | U.S. government-sponsored debt securities | Fair Value, Measurements, Recurring    
Assets    
Investment securities 304 496
Level 2 | Derivative instruments | Fair Value, Measurements, Recurring    
Assets    
Other current and non-current assets: $ 89 $ 103
v3.25.2
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, 2025
Sep. 30, 2024
Debt Securities, Available-for-Sale [Line Items]    
Amortized Cost $ 2,964 $ 5,412
Gross Unrealized Gains 16 44
Gross Unrealized Losses 0 (5)
Fair Value 2,980 5,451
U.S. government-sponsored debt securities    
Debt Securities, Available-for-Sale [Line Items]    
Amortized Cost 303 492
Gross Unrealized Gains 1 4
Gross Unrealized Losses 0 0
Fair Value 304 496
U.S. Treasury securities    
Debt Securities, Available-for-Sale [Line Items]    
Amortized Cost 2,661 4,920
Gross Unrealized Gains 15 40
Gross Unrealized Losses 0 (5)
Fair Value $ 2,676 $ 4,955
v3.25.2
Fair Value Measurements and Investments - Schedule of Debt Securities Classified by Contractual Maturity Date (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Sep. 30, 2024
Fair Value Disclosures [Abstract]    
Due within one year $ 1,840  
Due after one year through five years 1,140  
Total $ 2,980 $ 5,451
v3.25.2
Fair Value Measurements and Investments - Additional Information (Details) - USD ($)
 3 Months Ended 9 Months Ended
Feb. 01, 2025
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Unrealized (loss) gain on investments   $ (7,000,000) $ (16,000,000) $ (40,000,000) $ (3,000,000)  
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   25,100,000,000   25,100,000,000   $ 20,800,000,000
Estimated Fair Value | Senior Notes            
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]            
Estimated fair value of debt   $ 23,200,000,000   $ 23,200,000,000   $ 19,200,000,000
v3.25.2
Fair Value Measurements and Investments - Schedule of Non-Marketable Equity Securities (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Fair Value Disclosures [Abstract]          
Initial cost basis $ 709   $ 709   $ 711
Adjustments:          
Upward adjustments 854   854   910
Downward adjustments, including impairment (495)   (495)   (465)
Carrying amount 1,068   1,068   $ 1,156
Upward adjustments 4 $ 0 11 $ 9  
Downward adjustments, including impairment $ (2) $ (13) $ (51) $ (28)  
v3.25.2
Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2025
May 31, 2025
Sep. 30, 2024
Debt Instrument [Line Items]      
Unamortized discounts and debt issuance costs $ (188)   $ (142)
Hedge accounting fair value adjustments (65)   (133)
Total carrying value of debt 25,138   20,836
Current maturities of debt 5,548   0
Long-term debt 19,590   20,836
Senior Notes      
Debt Instrument [Line Items]      
Senior notes $ 25,391   21,111
Senior Notes | 3.15% Senior Notes due December 2025 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 3.15%    
Senior notes $ 4,000   4,000
Effective interest rate (percent) 3.26%    
Senior Notes | 1.90% Senior Notes due April 2027 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 1.90%    
Senior notes $ 1,500   1,500
Effective interest rate (percent) 2.02%    
Senior Notes | 0.75% Senior Notes due August 2027 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 0.75%    
Senior notes $ 500   500
Effective interest rate (percent) 0.84%    
Senior Notes | 2.75% Senior Notes due September 2027 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 2.75%    
Senior notes $ 750   750
Effective interest rate (percent) 2.91%    
Senior Notes | 2.05% Senior Notes due April 2030 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 2.05%    
Senior notes $ 1,500   1,500
Effective interest rate (percent) 2.13%    
Senior Notes | 1.10% Senior Notes due February 2031 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 1.10%    
Senior notes $ 1,000   1,000
Effective interest rate (percent) 1.20%    
Senior Notes | 4.15% Senior Notes due December 2035 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 4.15%    
Senior notes $ 1,500   1,500
Effective interest rate (percent) 4.23%    
Senior Notes | 2.70% Senior Notes due April 2040 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 2.70%    
Senior notes $ 1,000   1,000
Effective interest rate (percent) 2.80%    
Senior Notes | 4.30% Senior Notes due December 2045 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 4.30%    
Senior notes $ 3,500   3,500
Effective interest rate (percent) 4.37%    
Senior Notes | 3.65% Senior Notes due September 2047 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 3.65%    
Senior notes $ 750   750
Effective interest rate (percent) 3.73%    
Senior Notes | 2.00% Senior Notes due August 2050 | U.S.      
Debt Instrument [Line Items]      
Stated interest rate (percent) 2.00%    
Senior notes $ 1,750   1,750
Effective interest rate (percent) 2.09%    
Senior Notes | 1.50% Senior Notes due June 2026 | Europe      
Debt Instrument [Line Items]      
Stated interest rate (percent) 1.50%    
Senior notes $ 1,587   1,513
Effective interest rate (percent) 1.71%    
Senior Notes | 2.25% Senior Notes due May 2028 | Europe      
Debt Instrument [Line Items]      
Stated interest rate (percent) 2.25% 2.25%  
Senior notes $ 1,469   0
Effective interest rate (percent) 2.57%    
Senior Notes | 2.00% Senior Notes due June 2029 | Europe      
Debt Instrument [Line Items]      
Stated interest rate (percent) 2.00%    
Senior notes $ 1,176   1,120
Effective interest rate (percent) 2.13%    
Senior Notes | 3.125% Senior Notes due May 2033 | Europe      
Debt Instrument [Line Items]      
Stated interest rate (percent) 3.125% 3.125%  
Senior notes $ 1,176   0
Effective interest rate (percent) 3.20%    
Senior Notes | 2.375% Senior Notes due June 2034 | Europe      
Debt Instrument [Line Items]      
Stated interest rate (percent) 2.375%    
Senior notes $ 764   728
Effective interest rate (percent) 2.53%    
Senior Notes | 3.50% Senior Notes due May 2037 | Europe      
Debt Instrument [Line Items]      
Stated interest rate (percent) 3.50% 3.50%  
Senior notes $ 764   0
Effective interest rate (percent) 3.62%    
Senior Notes | 3.875% Senior Notes due May 2044 | Europe      
Debt Instrument [Line Items]      
Stated interest rate (percent) 3.875% 3.875%  
Senior notes $ 705   $ 0
Effective interest rate (percent) 4.02%    
v3.25.2
Debt - Additional Information (Details) - Europe - Senior Notes
€ in Billions, $ in Billions
 1 Months Ended
May 31, 2025
USD ($)
May 31, 2025
EUR (€)
Jun. 30, 2025
May 31, 2025
EUR (€)
Debt Instrument [Line Items]        
Aggregate principal amount $ 3.9     € 3.5
Proceeds from senior debt $ 3.9 € 3.5    
2.25% Senior Notes due May 2028        
Debt Instrument [Line Items]        
Stated interest rate (percent) 2.25%   2.25% 2.25%
3.125% Senior Notes due May 2033        
Debt Instrument [Line Items]        
Stated interest rate (percent) 3.125%   3.125% 3.125%
3.50% Senior Notes due May 2037        
Debt Instrument [Line Items]        
Stated interest rate (percent) 3.50%   3.50% 3.50%
3.875% Senior Notes due May 2044        
Debt Instrument [Line Items]        
Stated interest rate (percent) 3.875%   3.875% 3.875%
Minimum        
Debt Instrument [Line Items]        
Debt instrument term (in years) 3 years 3 years    
Maximum        
Debt Instrument [Line Items]        
Debt instrument term (in years) 19 years 19 years    
v3.25.2
Settlement Guarantee Management (Details)
$ in Billions
 9 Months Ended
Jun. 30, 2025
USD ($)
Settlement Guarantee Management [Abstract]  
Maximum settlement exposure $ 153.4
Average daily settlement exposure 90.0
Total collateral $ 8.5
v3.25.2
Stockholders' Equity - Number of Shares of Class A Common Shares Outstanding on an As-Converted Basis (Details)
shares in Millions
Jun. 30, 2025
shares
Sep. 30, 2024
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) 1,945 1,983
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) 6 9
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 0.9960 1.0030
As-converted Class A Common Stock (in shares) 2 2
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 1.7830 1.7860
As-converted Class A Common Stock (in shares) 6 6
Class A common stock    
Schedule of Common Stock as Converted [Line Items]    
Common stock, shares outstanding (in shares) 1,702 1,733
Common stock, conversion rate into Class A Common Stock 0 0
As-converted Class A Common Stock (in shares) 1,702 1,733
Class B-1 common stock    
Schedule of Common Stock as Converted [Line Items]    
Common stock, shares outstanding (in shares) 5 5
Common stock, conversion rate into Class A Common Stock 1.5609 1.5653
As-converted Class A Common Stock (in shares) 8 8
Class B-2 common stock    
Schedule of Common Stock as Converted [Line Items]    
Common stock, shares outstanding (in shares) 120 120
Common stock, conversion rate into Class A Common Stock 1.5342 1.5430
As-converted Class A Common Stock (in shares) 185 186
Class C common stock    
Schedule of Common Stock as Converted [Line Items]    
Common stock, shares outstanding (in shares) 9 10
Common stock, conversion rate into Class A Common Stock 4.0000 4.0000
As-converted Class A Common Stock (in shares) 36 39
v3.25.2
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, 2025
Jun. 30, 2024
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)   $ 346.79 $ 0
Deposits into the U.S. litigation escrow account   $ 375 $ 0
Recovery through conversion rate adjustment $ (6) $ 0 $ (6)
Series B preferred stock      
Conversion of Stock [Line Items]      
Reduction in equivalent number of class A common stock (in shares)   0 1
Effective price per share (in dollars per share)   $ 312.39 $ 270.07
Recovery through conversion rate adjustment   $ 5 $ 161
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)   $ 312.39 $ 269.62
Recovery through conversion rate adjustment   $ 3 $ 20
v3.25.2
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, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Sep. 30, 2024
Equity, Class of Treasury Stock [Line Items]          
Total cost $ 4,828 $ 4,770 $ 13,241 $ 11,163  
Unsettled repurchases $ 4,907   $ 4,907   $ 4,909
Class A common stock          
Equity, Class of Treasury Stock [Line Items]          
Shares repurchased in the open market (in shares) 14 17 40 42  
Average repurchase cost per share (in dollars per share) $ 349.24 $ 276.75 $ 330.39 $ 263.91  
Total cost $ 4,828 $ 4,770 $ 13,241 $ 11,163  
Unsettled repurchases $ 61 $ 200 $ 61 $ 200  
v3.25.2
Stockholders' Equity - Additional Information (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended
May 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Jul. 29, 2025
Apr. 30, 2025
Oct. 31, 2023
Equity, Class of Treasury Stock [Line Items]                
Share repurchase program             $ 30,000 $ 25,000
Share repurchase programs authorized   $ 29,800   $ 29,800        
Dividends paid   $ 1,154 $ 1,056 $ 3,500 $ 3,200      
Class B-1 common stock                
Equity, Class of Treasury Stock [Line Items]                
Stock tendered during period, shares, stock exchange offer (in shares) 241              
Class B-2 common stock                
Equity, Class of Treasury Stock [Line Items]                
Stock issued during the period, new issues (in shares) 120              
Class C common stock                
Equity, Class of Treasury Stock [Line Items]                
Stock issued during the period, new issues (in shares) 48              
Subsequent Event                
Equity, Class of Treasury Stock [Line Items]                
Quarterly cash dividend (in dollars per share)           $ 0.59    
v3.25.2
Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 5,272 $ 4,872 $ 14,968 $ 14,425
Class A common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 4,605 $ 3,870 $ 13,067 $ 11,276
Weighted- Average Shares Outstanding - Basic (in shares) 1,709 1,610 1,720 1,591
Earnings per Share - Basic (in dollars per share) $ 2.69 $ 2.40 $ 7.60 $ 7.09
Income Allocation - Diluted $ 5,272 $ 4,872 $ 14,968 $ 14,425
Weighted- Average Shares Outstanding - Diluted (in shares) 1,959 2,029 1,973 2,038
Earnings per Share - Diluted (in dollars per share) $ 2.69 $ 2.40 $ 7.59 $ 7.08
Class B-1 common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 20 $ 372 $ 57 $ 2,209
Weighted- Average Shares Outstanding - Basic (in shares) 5 97 5 196
Earnings per Share - Basic (in dollars per share) $ 4.21 $ 3.82 $ 11.88 $ 11.25
Income Allocation - Diluted $ 20 $ 371 $ 57 $ 2,206
Weighted- Average Shares Outstanding - Diluted (in shares) 5 97 5 196
Earnings per Share - Diluted (in dollars per share) $ 4.20 $ 3.81 $ 11.87 $ 11.24
Class B-2 common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 497 $ 283 $ 1,408 $ 277
Weighted- Average Shares Outstanding - Basic (in shares) 120 74 120 25
Earnings per Share - Basic (in dollars per share) $ 4.13 $ 3.82 $ 11.70 $ 11.25
Income Allocation - Diluted $ 497 $ 282 $ 1,406 $ 276
Weighted- Average Shares Outstanding - Diluted (in shares) 120 74 120 25
Earnings per Share - Diluted (in dollars per share) $ 4.13 $ 3.81 $ 11.69 $ 11.24
Class C common stock        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 97 $ 275 $ 280 $ 447
Weighted- Average Shares Outstanding - Basic (in shares) 9 29 9 16
Earnings per Share - Basic (in dollars per share) $ 10.78 $ 9.62 $ 30.39 $ 28.35
Income Allocation - Diluted $ 97 $ 275 $ 280 $ 447
Weighted- Average Shares Outstanding - Diluted (in shares) 9 29 9 16
Earnings per Share - Diluted (in dollars per share) $ 10.77 $ 9.60 $ 30.35 $ 28.31
Participating securities        
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]        
Income Allocation - Basic $ 53 $ 72 $ 156 $ 216
Income Allocation - Diluted $ 53 $ 72 $ 156 $ 216
v3.25.2
Earnings Per Share - Schedule of Weighted Average Number of Shares (Details) - shares
shares in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
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) 8 155 8 312
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) 185 118 185 39
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) 36 114 37 63
Participating securities        
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) 20 30 20 31
v3.25.2
Share-based Compensation - Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)
 9 Months Ended
Jun. 30, 2025
$ / shares
shares
Non-qualified stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 643,847
Weighted-Average Grant Date Fair Value (in dollars per share) $ 73.55
Weighted-Average Exercise Price (in dollars per share) $ 311.85
Restricted stock units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 2,591,835
Weighted-Average Grant Date Fair Value (in dollars per share) $ 313.07
Performance-based shares  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Granted (in shares) | shares 476,480
Weighted-Average Grant Date Fair Value (in dollars per share) $ 345.65
v3.25.2
Share-based Compensation - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
2007 Plan        
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]        
Share-based compensation expense $ 215 $ 203 $ 680 $ 638
v3.25.2
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Tax Disclosure [Abstract]        
Effective income tax rate reconciliation, percent (in percent) 17.00% 19.00% 17.00% 18.00%
Net tax benefit $ 60   $ 60  
Recognized tax expense (benefit)     (222) $ (184)
Tax expense related to resolution of tax matter     71  
Unrecognized tax benefits, period decrease, gross 2,400   2,100  
Unrecognized tax benefits, period increase (decrease), net (66)   34  
Accrued interest related to uncertain tax positions, increase (decrease) $ (168) $ 18 $ (142) $ (33)
v3.25.2
Legal Matters - Schedule of Accrued Litigation for Both Covered and Non-Covered Litigation (Details) - USD ($)
$ in Millions
 9 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period $ 1,727 $ 1,751
Balance at end of period 2,352 1,688
Uncovered Litigation    
Loss Contingency Accrual [Roll Forward]    
Provision for legal matters 114 311
Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Provision for legal matters 1,564 201
Payments for legal matters (1,053) (575)
U.S. Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period 1,537 1,621
Provision for legal matters 1,545 140
Payments for legal matters (827) (204)
Balance at end of period 2,255 1,557
VE Territory Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period 72 110
Provision for legal matters 19 61
Payments for legal matters (85) (146)
Balance at end of period $ 6 $ 25
v3.25.2
Legal Matters - Additional Information (Details)
$ in Millions
 2 Months Ended 9 Months Ended 142 Months Ended
Dec. 19, 2024
Mar. 27, 2025
lawsuit
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Apr. 29, 2025
merchant
Dec. 13, 2024
lawsuit
Nov. 26, 2024
lawsuit
Loss Contingencies [Line Items]              
Deposits into the U.S. litigation escrow account | $     $ 375 $ 0      
Interchange Multidistrict Litigation              
Loss Contingencies [Line Items]              
Settlement percentage     82.00%        
Europe Merchant Litigation              
Loss Contingencies [Line Items]              
Number of plaintiffs         1,150    
Number of claims settled         950    
Number of claims pending         150    
Merchant damages limitation, period prior to claim filing 6 years            
Europe Merchant Litigation | Threatened Litigation              
Loss Contingencies [Line Items]              
Number of plaintiffs         30    
U.S. Debit Class Actions              
Loss Contingencies [Line Items]              
Number of class action lawsuits, seeking consolidation | lawsuit           3 4
Number of lawsuits in which the court was transferred | lawsuit           2  
Number of class action lawsuits filed | lawsuit   3          
U.S. Covered Litigation              
Loss Contingencies [Line Items]              
Provision for legal matters | $     $ 1,545 $ 140