VISA INC., 10-Q filed on 1/31/2025
Quarterly Report
v3.24.4
Cover - shares
 3 Months Ended
Dec. 31, 2024
Jan. 22, 2025
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Dec. 31, 2024  
Document Transition Report false  
Entity File Number 001-33977  
Entity Registrant Name VISA INC.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 26-0267673  
Entity Address, Address Line One P.O. Box 8999  
Entity Address, City or Town San Francisco,  
Entity Address, State or Province CA  
Entity Address, Postal Zip Code 94128-8999  
City Area Code 650  
Local Phone Number 432-3200  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001403161  
Current Fiscal Year End Date --09-30  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q1  
Amendment Flag false  
Class A Common Stock    
Document Information [Line Items]    
Title of 12(b) Security Class A Common Stock, par value $0.0001 per share  
Trading Symbol V  
Security Exchange Name NYSE  
Entity Common Stock, Shares Outstanding   1,723,362,347
2026 Notes    
Document Information [Line Items]    
Title of 12(b) Security 1.500% Senior Notes due 2026  
Trading Symbol V26  
Security Exchange Name NYSE  
2029 Notes    
Document Information [Line Items]    
Title of 12(b) Security 2.000% Senior Notes due 2029  
Trading Symbol V29  
Security Exchange Name NYSE  
2034 Notes    
Document Information [Line Items]    
Title of 12(b) Security 2.375% Senior Notes due 2034  
Trading Symbol V34  
Security Exchange Name NYSE  
Class B-1 common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   4,835,384
Class B-2 common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   120,338,948
Class C common stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   9,240,640
v3.24.4
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Millions
Dec. 31, 2024
Sep. 30, 2024
Assets    
Cash and cash equivalents $ 12,367 $ 11,975
Restricted cash equivalents—U.S. litigation escrow 3,112 3,089
Investment securities 1,967 3,200
Settlement receivable 3,683 4,454
Accounts receivable 2,590 2,561
Customer collateral 3,518 3,524
Current portion of client incentives 1,992 1,918
Prepaid expenses and other current assets 3,393 3,312
Total current assets 32,622 34,033
Investment securities 1,757 2,545
Client incentives 4,631 4,628
Property, equipment and technology, net 3,974 3,824
Goodwill 19,548 18,941
Intangible assets, net 25,889 26,889
Other assets 3,467 3,651
Total assets 91,888 94,511
Liabilities    
Accounts payable 405 479
Settlement payable 4,425 5,265
Customer collateral 3,518 3,524
Accrued compensation and benefits 1,226 1,538
Client incentives 9,249 9,075
Accrued liabilities 4,690 4,909
Current maturities of debt 3,929 0
Accrued litigation 1,649 1,727
Total current liabilities 29,091 26,517
Long-term debt 16,680 20,836
Deferred tax liabilities 5,192 5,301
Other liabilities 2,629 2,720
Total liabilities 53,592 55,374
Commitments and contingencies (Note 13)
Equity    
Preferred stock 904 1,031
Right to recover for covered losses (123) (104)
Additional paid-in capital 21,324 21,229
Accumulated income 17,438 17,289
Accumulated other comprehensive income (loss):    
Investment securities 12 30
Defined benefit pension and other postretirement plans (15) (16)
Derivative instruments (105) (213)
Foreign currency translation adjustments (1,139) (109)
Total accumulated other comprehensive income (loss) (1,247) (308)
Total equity 38,296 39,137
Total liabilities and equity 91,888 94,511
Class A common stock    
Liabilities    
Accrued liabilities 70  
Equity    
Common stock 0 0
Class B-1 and B-2 common stock    
Equity    
Common stock 0 0
Class C common stock    
Equity    
Common stock $ 0 $ 0
v3.24.4
CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares
shares in Millions
Dec. 31, 2024
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) 1,726 1,733
Common stock, shares outstanding (in shares) 1,726 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
v3.24.4
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Net revenue $ 9,510 $ 8,634
Operating Expenses    
Personnel 1,813 1,479
Marketing 306 293
Network and processing 207 181
Professional fees 143 131
Depreciation and amortization 282 247
General and administrative 481 340
Litigation provision 44 9
Total operating expenses 3,276 2,680
Operating income 6,234 5,954
Non-operating Income (Expense)    
Interest expense (182) (187)
Investment income (expense) and other 148 275
Total non-operating income (expense) (34) 88
Income before income taxes 6,200 6,042
Income tax provision 1,081 1,152
Net income $ 5,119 $ 4,890
Class A common stock    
Earnings Per Share    
Basic Earnings Per Share (in dollars per share) $ 2.58 $ 2.39
Basic Weighted-average Shares Outstanding (in shares) 1,729 1,584
Diluted Earnings Per Share (in dollars per share) $ 2.58 $ 2.39
Diluted Weighted-average Shares Outstanding (in shares) 1,985 2,045
Class B-1 common stock    
Earnings Per Share    
Basic Earnings Per Share (in dollars per share) $ 4.04 $ 3.80
Basic Weighted-average Shares Outstanding (in shares) 5 245
Diluted Earnings Per Share (in dollars per share) $ 4.04 $ 3.80
Diluted Weighted-average Shares Outstanding (in shares) 5 245
Class B-2 common stock    
Earnings Per Share    
Basic Earnings Per Share (in dollars per share) [1] $ 3.99 $ 0
Basic Weighted-average Shares Outstanding (in shares) [1] 120 0
Diluted Earnings Per Share (in dollars per share) [1] $ 3.98 $ 0
Diluted Weighted-average Shares Outstanding (in shares) [1] 120 0
Class C common stock    
Earnings Per Share    
Basic Earnings Per Share (in dollars per share) $ 10.33 $ 9.58
Basic Weighted-average Shares Outstanding (in shares) 10 9
Diluted Earnings Per Share (in dollars per share) $ 10.32 $ 9.57
Diluted Weighted-average Shares Outstanding (in shares) 10 9
[1] No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer in May 2024. See Note 9—Stockholders’ Equity for further details.
v3.24.4
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Statement of Comprehensive Income [Abstract]    
Net income $ 5,119 $ 4,890
Investment securities:    
Net unrealized gain (loss) (24) 58
Income tax effect 6 (12)
Defined benefit pension and other postretirement plans:    
Reclassification adjustments 1 3
Income tax effect 0 (1)
Derivative instruments:    
Net unrealized gain (loss) 168 (77)
Income tax effect (25) 16
Reclassification adjustments (42) 39
Income tax effect 7 (9)
Foreign currency translation adjustments:    
Translation adjustments (935) 588
Income tax effect (95) 57
Other comprehensive income (loss) (939) 662
Comprehensive income $ 4,180 $ 5,552
v3.24.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($)
shares in Millions, $ in Millions
Total
Series A preferred stock
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 4,890         4,890  
Other comprehensive income (loss) 662           662
VE territory covered losses incurred (24)       (24)    
Recovery through conversion rate adjustment 0   $ (25)   25    
Conversions to class A common stock (in shares)     0 [2] 1      
Conversions to class A common stock 0   $ (58) $ 58      
Share-based compensation 209     $ 209      
Issuance of stock (in shares)       2      
Issuance of stock 104     $ 104      
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 (172)     $ (172)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (1,060)         (1,060)  
Repurchases of class A common stock (in shares)       (15)      
Repurchases of class A common stock (3,609)     $ (161)   (3,448)  
Ending balance (in shares) at Dec. 31, 2023     5        
Balance as of end of period at Dec. 31, 2023 $ 39,733   $ 1,615 [1] $ 20,490 (139) 18,422 (655)
Ending balance (in shares) at Dec. 31, 2023       1,836      
Beginning balance (in shares) at Sep. 30, 2024 5 0 5        
Balance as of beginning of period at Sep. 30, 2024 $ 39,137   $ 1,031 [3] $ 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 5,119         5,119  
Other comprehensive income (loss) (939)           (939)
VE territory covered losses incurred (27)       (27)    
Recovery through conversion rate adjustment 0   $ (8)   8    
Conversions to class A common stock (in shares)     0 [4] 3      
Conversions to class A common stock 0   $ (119) $ 119      
Share-based compensation 224     $ 224      
Issuance of stock (in shares)       3      
Issuance of stock 127     $ 127      
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 (235)     $ (235)      
Cash dividends declared and paid, at a quarterly amount per class A common stock (1,170)         (1,170)  
Repurchases of class A common stock (in shares)       (13)      
Repurchases of class A common stock $ (3,940)     $ (140)   (3,800)  
Ending balance (in shares) at Dec. 31, 2024 5 0 5        
Balance as of end of period at Dec. 31, 2024 $ 38,296   $ 904 [3] $ 21,324 $ (123) $ 17,438 $ (1,247)
Ending balance (in shares) at Dec. 31, 2024       1,860      
[1] As of December 31, 2023 and September 30, 2023, the book value of series A preferred stock was $398 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] As of December 31, 2024 and September 30, 2024, the book value of series A convertible participating preferred stock (series A preferred stock) was $421 million and $540 million, respectively. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B convertible participating preferred stock (series B preferred stock) and series C convertible participating preferred stock (series C preferred stock).
[4] Increase or decrease is less than one million.
v3.24.4
CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Dividends declared, quarterly, per share (in dollars per share) $ 0.59 $ 0.52    
Dividends paid, quarterly, per share (in dollars per share) $ 0.59 $ 0.52    
Preferred stock $ 904   $ 1,031  
Series A preferred stock        
Preferred stock $ 421 $ 398 $ 540 $ 456
v3.24.4
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Operating Activities    
Net income $ 5,119 $ 4,890
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Client incentives 3,797 3,348
Share-based compensation 224 209
Depreciation and amortization 282 247
Deferred income taxes 38 59
VE territory covered losses incurred (27) (24)
(Gains) losses on equity investments, net 75 (4)
Other 56 11
Change in operating assets and liabilities:    
Settlement receivable 657 (257)
Accounts receivable (64) (195)
Client incentives (3,649) (3,601)
Other assets (10) (204)
Accounts payable (54) (18)
Settlement payable (673) 313
Accrued and other liabilities (303) (877)
Accrued litigation (72) (283)
Net cash provided by (used in) operating activities 5,396 3,614
Investing Activities    
Purchases of property, equipment and technology (345) (267)
Purchases of investment securities 0 (2,743)
Proceeds from maturities and sales of investment securities 2,042 1,137
Acquisitions, net of cash and restricted cash acquired (906) 0
Purchases of other investments (6) (11)
Other investing activities 5 (5)
Net cash provided by (used in) investing activities 790 (1,889)
Financing Activities    
Repurchases of class A common stock (4,011) (3,580)
Dividends paid (1,170) (1,060)
Proceeds from stock issued under equity plans 127 104
Taxes paid related to stock issued under equity plans (235) (172)
Other financing activities (186) 329
Net cash provided by (used in) financing activities (5,475) (4,379)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents (508) 300
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents 203 (2,354)
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 19,966 19,636
Supplemental Disclosure    
Cash paid for income taxes, net [1] 1,194 1,503
Interest payments on debt 213 213
Accruals related to purchases of property, equipment and technology $ 40 $ 26
[1] For the three months ended December 31, 2024, the amount includes $1.1 billion of cash paid for federal transferable tax credits.
v3.24.4
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) (Parenthetical)
$ in Billions
 3 Months Ended
Dec. 31, 2024
USD ($)
Statement of Cash Flows [Abstract]  
Cash paid for transferable tax credits $ 1.1
v3.24.4
Summary of Significant Accounting Policies
 3 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies
Note 1—Summary of Significant Accounting Policies
Organization. Visa Inc., together with its subsidiaries (Visa or the Company), is a global payments technology company that facilitates global commerce and money movement across more than 200 countries and territories. Visa operates one of the world’s largest electronic payments networks — VisaNet — which provides transaction processing services, primarily authorization, clearing and settlement. The Company offers products, solutions and services that facilitate secure, reliable and efficient money movement for participants in the ecosystem. Visa is not a financial institution and does not issue cards, extend credit or set rates and fees for account holders of Visa products. In most cases, account holder and merchant relationships belong to, and are managed by, Visa’s financial institution clients.
Consolidation and basis of presentation. The accompanying unaudited consolidated financial statements include the accounts of Visa and its consolidated entities and are presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company consolidates 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 U.S. 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 U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenue and expenses during the reporting period. These estimates may change as new events occur and additional information is obtained, and will be recognized in the period in which such changes occur. Future actual results could differ materially from these estimates.
v3.24.4
Acquisitions
 3 Months Ended
Dec. 31, 2024
Business Combination, Asset Acquisition, 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. Due to the limited amount of time since the acquisition date, the initial allocation of the purchase price has not yet been completed. On a provisional basis, the Company allocated $143 million of the purchase consideration to technology, customer relationships and deferred tax liabilities and the remaining $803 million to goodwill. The Company expects to finalize the purchase price allocation once the information required to complete the accounting is available, but no later than one year from the acquisition date.
v3.24.4
Revenue
 3 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Revenue
Note 3—Revenue
The nature, amount, timing and uncertainty of the Company’s revenue and cash flows and how they are affected by economic factors are most appropriately depicted through the Company’s revenue categories and geographical markets. The following tables disaggregate the Company’s net revenue by revenue category and by geography:
Three Months Ended
December 31,
20242023
(in millions)
Service revenue
$4,208 $3,915 
Data processing revenue
4,745 4,356 
International transaction revenue
3,442 3,019 
Other revenue
912 692 
Client incentives(3,797)(3,348)
Net revenue
$9,510 $8,634 

Three Months Ended
December 31,
20242023
(in millions)
U.S.$3,738 $3,645 
International5,772 4,989 
Net revenue
$9,510 $8,634 
For the three months ended December 31, 2024 and 2023, revenue from value-added services was $2.4 billion and $2.1 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 December 31, 2024, the remaining performance obligations were $4.3 billion. The Company expects approximately half to be recognized as revenue in the next two years and the remaining thereafter. However, the amount and timing of revenue recognition is affected by several factors, including contract modifications and terminations, which could impact the estimate of amounts allocated to remaining performance obligations and when such revenue could be recognized.
v3.24.4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
 3 Months Ended
Dec. 31, 2024
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]  
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
Note 4—Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
The Company reconciles cash, cash equivalents, restricted cash and restricted cash equivalents reported on the consolidated balance sheets that aggregate to the beginning and ending balances shown in the consolidated statements of cash flows as follows:
December 31,
2024		September 30,
2024
(in millions)
Cash and cash equivalents$12,367 $11,975 
Restricted cash and restricted cash equivalents:
U.S. litigation escrow3,112 3,089 
Customer collateral3,518 3,524 
Prepaid expenses and other current assets 969 1,175 
Cash, cash equivalents, restricted cash and restricted cash equivalents
$19,966 $19,763 
v3.24.4
U.S. and Europe Retrospective Responsibility Plans
 3 Months Ended
Dec. 31, 2024
Retrospective Responsibility Plans [Abstract]  
U.S. and Europe Retrospective Responsibility Plans
Note 5—U.S. and Europe Retrospective Responsibility Plans
U.S. Retrospective Responsibility Plan
Under the terms of the U.S. retrospective responsibility plan, the Company maintains an escrow account from which settlements of, or judgments in, certain litigation (U.S. covered litigation) are paid. The accrual related to the U.S. covered litigation could be either higher or lower than the U.S. litigation escrow account balance. See Note 13—Legal Matters.
The following table presents the changes in the U.S. litigation escrow account:
Three Months Ended
December 31,
20242023
 (in millions)
Balance as of beginning of period
$3,089 $1,764 
Payments to opt-out merchants(1), net of interest earned on escrow funds
23 (148)
Balance as of end of period
$3,112 $1,616 
(1)These payments are associated with the interchange multidistrict litigation. See Note 13—Legal Matters.
Europe Retrospective Responsibility Plan
Visa Inc., Visa International and Visa Europe are parties to certain existing and potential litigation relating to the setting of multilateral interchange fee rates in the Visa Europe territory (VE territory covered litigation). Under the terms of the Europe retrospective responsibility plan, the Company is entitled to recover certain losses resulting from VE territory covered litigation (VE territory covered losses) through a periodic adjustment to the class A common stock conversion rates applicable to the series B and C preferred stock. VE territory covered losses are recorded in right to recover for covered losses, a contra-equity account within stockholders’ equity, before the corresponding adjustment to the applicable conversion rate is effected. Adjustments to the conversion rate may be executed once in any six-month period unless a single, individual loss greater than €20 million is incurred, in which case, the six-month limitation does not apply. When the adjustment to the conversion rate is made, the amount previously recorded in right to recover for covered losses is then recorded against the book value of the preferred stock within stockholders’ equity.
The following table presents the activities related to VE territory covered losses in the preferred stock and right to recover for covered losses within stockholders’ equity:
Three Months Ended
December 31, 2024
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 incurred(1)
— — (27)
Recovery through conversion rate adjustment
(5)(3)8 
Balance as of end of period
$99 $384 $(123)
Three Months Ended
December 31, 2023
Preferred StockRight to Recover for Covered Losses
Series BSeries C
(in millions)
Balance as of beginning of period
$441 $801 $(140)
VE territory covered losses incurred(1)
— — (24)
Recovery through conversion rate adjustment
(22)(3)25 
Balance as of end of period
$419 $798 $(139)
(1)VE territory covered losses incurred reflect litigation provision for settlements with merchants and additional legal costs. See Note 13—Legal Matters.
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:
December 31, 2024September 30, 2024
As-converted Value of Preferred Stock(1),(2)
Book Value of Preferred Stock(1)
As-converted Value of Preferred Stock(1),(3)
Book Value of Preferred Stock(1)
(in millions)
Series B preferred stock$781 $99 $684 $104 
Series C preferred stock1,779 384 1,550 387 
Total2,560 483 2,234 491 
Less: right to recover for covered losses(123)(123)(104)(104)
Total recovery for covered losses available$2,437 $360 $2,130 $387 
(1)Figures in the table may not recalculate exactly due to rounding. As-converted and book values are based on unrounded numbers.
(2)As of December 31, 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) 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) $316.04, 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.
v3.24.4
Fair Value Measurements and Investments
 3 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Fair Value Measurements and Investments
Note 6—Fair Value Measurements and Investments
Assets and Liabilities Measured at Fair Value on a Recurring Basis
 Fair Value Measurements
Using Inputs Considered as
 Level 1Level 2
 December 31,
2024		September 30,
2024		December 31,
2024		September 30,
2024
 (in millions)
Assets
Cash equivalents and restricted cash equivalents:
Money market funds
$10,623 $10,403 $— $— 
U.S. Treasury securities
7 7 — — 
Investment securities:
Marketable equity securities
334 301 — — 
U.S. government-sponsored debt securities
— — 304 496 
U.S. Treasury securities
3,086 4,948 — — 
Other current and non-current assets:
Money market funds
25 25 — — 
Derivative instruments
— — 448 103 
Total $14,075 $15,684 $752 $599 
Liabilities
Accrued compensation and benefits:
Deferred compensation liability
$261 $238 $— $— 
Accrued and other liabilities:
Derivative instruments
— — 272 226 
Total $261 $238 $272 $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:
December 31, 2024
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$303 $1 $— $304 
U.S. Treasury securities3,079 14 — 3,093 
Total$3,382 $15 $— $3,397 
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:
December 31,
2024
 (in millions)
Due within one year$1,713 
Due after one year through five years
1,684 
Total$3,397 
Equity Securities
For the three months ended December 31, 2024 and 2023, the Company recognized net unrealized losses of $83 million and net unrealized gains of $36 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:
December 31,
2024		September 30,
2024
(in millions)
Initial cost basis
$711 $711 
Adjustments:
Upward adjustments
909 910 
Downward adjustments, including impairment
(552)(465)
Carrying amount
$1,068 $1,156 
Unrealized gains and losses of the Company’s non-marketable equity securities held as of period end that were accounted for using the fair value measurement alternative were as follows:
Three Months Ended
December 31,
20242023
(in millions)
Upward adjustments$— $9 
Downward adjustments, including impairment
$(91)$— 
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 December 31, 2024, the carrying value and estimated fair value of debt was $20.6 billion and $18.4 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 December 31, 2024, the carrying values of settlement receivable and payable and customer collateral are an approximate fair value due to their generally short maturities. If measured at fair value in the financial statements, these instruments would be classified as Level 2 in the fair value hierarchy.
Non-financial assets. Certain non-financial assets such as goodwill, intangible assets and property, equipment and technology are subject to non-recurring fair value measurements if they are deemed to be impaired. The Company performed an annual impairment review of its indefinite-lived intangible assets and goodwill as of February 1, 2024, and concluded there was no impairment as of that date. No recent events or changes in circumstances indicated that impairment existed as of December 31, 2024
v3.24.4
Debt
 3 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Debt
Note 7—Debt
The Company had outstanding debt as follows:
December 31,
2024		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
1,412 1,513 1.71 %
2.00% Senior Notes due June 2029
1,046 1,120 2.13 %
2.375% Senior Notes due June 2034
680 728 2.53 %
Total debt
20,888 21,111 
Unamortized discounts and debt issuance costs(136)(142)
Hedge accounting fair value adjustments(2)
(143)(133)
Total carrying value of debt
$20,609 $20,836 
Reported as:
Current maturities of debt$3,929 $— 
Long-term debt16,680 20,836 
Total carrying value of debt
$20,609 $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.
v3.24.4
Settlement Guarantee Management
 3 Months Ended
Dec. 31, 2024
Settlement Guarantee Management [Abstract]  
Settlement Guarantee Management
Note 8—Settlement Guarantee Management
The Company indemnifies its clients for settlement losses suffered due to failure of any other client to fund its settlement obligations in accordance with the Visa operating rules. This indemnification creates settlement risk for the Company due to the difference in timing between the date of a payment transaction and the date of subsequent settlement. The Company maintains and regularly reviews global settlement risk policies and procedures to manage settlement risk, which may require clients to post collateral if certain credit standards are not met. Historically, the Company has experienced minimal losses as a result of its settlement risk guarantee. However, the Company’s future obligations, which could be material under its guarantees, are not determinable as they are dependent upon future events.
The Company’s settlement exposure is limited to the amount of unsettled Visa payment transactions at any point in time, which vary significantly day to day. For the three months ended December 31, 2024, the Company’s maximum daily settlement exposure was $153.4 billion and the average daily settlement exposure was $89.7 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 December 31, 2024, the Company had total collateral of $7.9 billion.
v3.24.4
Stockholders' Equity
 3 Months Ended
Dec. 31, 2024
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:
December 31, 2024September 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 7 — 
(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 stock1,726 — 1,726 1,733 — 1,733 
Class B-1 common stock
5 1.5653 
(3)
8 5 1.5653 
(3)
8 
Class B-2 common stock
120 1.5430 
(3)
186 120 1.5430 
(3)
186 
Class C common stock9 4.0000 37 10 4.0000 39 
Total1,972 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 series B and C preferred stock after the Company recovered VE territory covered losses through conversion rate adjustments under the Europe retrospective responsibility plan:
Three Months Ended
December 31, 2024		Three Months Ended
December 31, 2023
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 $254.32 $254.32 
Recovery through conversion rate adjustment
$5 $3 $22 $3 
(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
December 31,
20242023
(in millions, except per share data)
Shares repurchased in the open market(1)
13 15 
Average repurchase cost per share(2)
$300.61 $238.47 
Total cost(2)
$3,940 $3,609 
(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 December 31, 2024, shares repurchased in the open market include $70 million unsettled repurchases.
In October 2023, the Company’s board of directors authorized a share repurchase program of $25.0 billion, providing multi-year flexibility. This authorization has no expiration date. As of December 31, 2024, the Company’s share repurchase program had remaining authorized funds of $9.1 billion. All share repurchase programs authorized prior to October 2023 have been completed.
Dividends. For the three months ended December 31, 2024 and 2023, the Company declared and paid dividends of $1.2 billion and $1.1 billion, respectively. On January 28, 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 March 3, 2025 to all holders of record as of February 11, 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.
v3.24.4
Earnings Per Share
 3 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share
Note 10—Earnings Per Share
The following tables present earnings per share:
Three Months Ended
December 31, 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 $4,466 1,729 $2.58 $5,119 
(3)
1,985 
(3)
$2.58 
Class B-1 common stock 20 5 $4.04 $20 5 $4.04 
Class B-2 common stock(4)
480 120 $3.99 $479 120 $3.98 
Class C common stock 98 10 $10.33 $98 10 $10.32 
Participating securities55 Not presentedNot presented$55 Not presentedNot presented
Net income$5,119 
Three Months Ended
December 31, 2023
 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$3,792 1,584 $2.39 $4,890 
(3)
2,045 
(3)
$2.39 
Class B-1 common stock933 245 $3.80 $932 245 $3.80 
Class C common stock91 9 $9.58 $91 9 $9.57 
Participating securities74 Not presentedNot presented$74 Not presentedNot presented
Net income$4,890 
(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 months ended December 31, 2024 and 2023.
(4)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer in May 2024. See Note 9—Stockholders’ Equity for further details.

The following table presents the weighted-average number of as-converted class A common stock outstanding:
Three Months Ended
December 31,
20242023
(in millions)
Class B-1 common stock
8 390 
Class B-2 common stock(1)
186 — 
Class C common stock
38 38 
Participating securities
21 31 
(1)     No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer in May 2024. See Note 9—Stockholders’ Equity for further details.
v3.24.4
Share-based Compensation
 3 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Share-based Compensation
Note 11—Share-based Compensation
The following table presents the equity awards granted to employees and non-employee directors under the amended and restated 2007 Equity Incentive Compensation Plan (EIP) for the three months ended December 31, 2024:
GrantedWeighted-Average Grant Date Fair ValueWeighted-Average Exercise Price
Non-qualified stock options643,847 $73.55 $311.85 
Restricted stock units2,376,825 $311.41 
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 December 31, 2024 and 2023, the Company recorded share-based compensation cost related to the EIP of $215 million and $200 million, respectively.
v3.24.4
Income Taxes
 3 Months Ended
Dec. 31, 2024
Income Tax Disclosure [Abstract]  
Income Taxes
Note 12—Income Taxes
For the three months ended December 31, 2024 and 2023, the effective income tax rates were 17% and 19%, respectively. The effective income tax rates differ due to various items including a change in the geographic mix of earnings.
For the three months ended December 31, 2024, the Company’s gross unrecognized tax benefits increased $93 million, and the Company’s net unrecognized tax benefits increased $12 million. The change in unrecognized tax benefits is related to various tax positions across several jurisdictions, including an increase in gross timing differences.
The Company’s tax filings are subject to examination by U.S. federal, state and foreign taxing authorities. The timing and outcome of the final resolutions of the various ongoing income tax examinations and refund claims are uncertain. It is not reasonably possible to estimate the increase or decrease in unrecognized tax benefits within the next 12 months.
v3.24.4
Legal Matters
 3 Months Ended
Dec. 31, 2024
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:
 Three Months Ended
December 31,
 20242023
 (in millions)
Balance as of beginning of period
$1,727 $1,751 
Provision for uncovered legal matters17 10 
Provision for covered legal matters34 22 
Payments for legal matters(129)(312)
Balance as of end of period
$1,649 $1,471 
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:
 Three Months Ended
December 31,
 20242023
 (in millions)
Balance as of beginning of period
$1,537 $1,621 
Provision for interchange multidistrict litigation27 — 
Payments for U.S. covered litigation— (160)
Balance as of end of period
$1,564 $1,461 
For the three months ended December 31, 2024, the Company recorded an additional accrual of $27 million 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:
 Three Months Ended
December 31,
 20242023
(in millions)
Balance as of beginning of period
$72 $110 
Provision for VE territory covered litigation7 22 
Payments for VE territory covered litigation(21)(126)
Balance as of end of period
$58 $6 
U.S. Covered Litigation
Interchange Multidistrict Litigation (MDL) - Individual Merchant Actions
Visa has reached settlements with a number of merchants representing approximately 74% 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 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.
Consumer Interchange Litigation
On December 20, 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.
VE Territory Covered Litigation
Europe Merchant Litigation
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.
Other Litigation
U.S. Department of Justice
On December 16, 2024, Visa filed a motion to dismiss the complaint.
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.
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.
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.
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.
v3.24.4
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure    
Net Income (Loss) Attributable to Parent $ 5,119 $ 4,890
v3.24.4
Insider Trading Arrangements
 3 Months Ended
Dec. 31, 2024
shares
Trading Arrangements, by Individual  
Non-Rule 10b5-1 Arrangement Adopted false
Rule 10b5-1 Arrangement Terminated false
Non-Rule 10b5-1 Arrangement Terminated false
Paul D. Fabara [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On December 13, 2024, Paul D. Fabara, our Chief Risk and Client Services Officer, adopted a Rule 10b5-1 trading arrangement providing for the sale from time to time of up to 192,430 shares of our class A common stock, including shares issuable upon the vesting of performance shares. The duration of the trading arrangement is until December 31, 2025 or earlier if all transactions under the trading arrangement are completed.
Name Paul D. Fabara
Title Chief Risk and Client Services Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date December 13, 2024
Expiration Date December 31, 2025
Arrangement Duration 383 days
Aggregate Available 192,430
v3.24.4
Summary of Significant Accounting Policies (Policies)
 3 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Consolidation and basis of presentation
Consolidation and basis of presentation. The accompanying unaudited consolidated financial statements include the accounts of Visa and its consolidated entities and are presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company consolidates 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 U.S. 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 U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenue and expenses during the reporting period. These estimates may change as new events occur and additional information is obtained, and will be recognized in the period in which such changes occur. Future actual results could differ materially from these estimates.
v3.24.4
Revenue (Tables)
 3 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Revenue The following tables disaggregate the Company’s net revenue by revenue category and by geography:
Three Months Ended
December 31,
20242023
(in millions)
Service revenue
$4,208 $3,915 
Data processing revenue
4,745 4,356 
International transaction revenue
3,442 3,019 
Other revenue
912 692 
Client incentives(3,797)(3,348)
Net revenue
$9,510 $8,634 

Three Months Ended
December 31,
20242023
(in millions)
U.S.$3,738 $3,645 
International5,772 4,989 
Net revenue
$9,510 $8,634 
v3.24.4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Tables)
 3 Months Ended
Dec. 31, 2024
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]  
Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents
The Company reconciles cash, cash equivalents, restricted cash and restricted cash equivalents reported on the consolidated balance sheets that aggregate to the beginning and ending balances shown in the consolidated statements of cash flows as follows:
December 31,
2024		September 30,
2024
(in millions)
Cash and cash equivalents$12,367 $11,975 
Restricted cash and restricted cash equivalents:
U.S. litigation escrow3,112 3,089 
Customer collateral3,518 3,524 
Prepaid expenses and other current assets 969 1,175 
Cash, cash equivalents, restricted cash and restricted cash equivalents
$19,966 $19,763 
v3.24.4
U.S. and Europe Retrospective Responsibility Plans (Tables)
 3 Months Ended
Dec. 31, 2024
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:
Three Months Ended
December 31,
20242023
 (in millions)
Balance as of beginning of period
$3,089 $1,764 
Payments to opt-out merchants(1), net of interest earned on escrow funds
23 (148)
Balance as of end of period
$3,112 $1,616 
(1)These payments are associated with the interchange multidistrict litigation. See Note 13—Legal Matters.
Schedule of Changes in Preferred Stock and Right to Recover for Covered Losses
The following table presents the activities related to VE territory covered losses in the preferred stock and right to recover for covered losses within stockholders’ equity:
Three Months Ended
December 31, 2024
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 incurred(1)
— — (27)
Recovery through conversion rate adjustment
(5)(3)8 
Balance as of end of period
$99 $384 $(123)
Three Months Ended
December 31, 2023
Preferred StockRight to Recover for Covered Losses
Series BSeries C
(in millions)
Balance as of beginning of period
$441 $801 $(140)
VE territory covered losses incurred(1)
— — (24)
Recovery through conversion rate adjustment
(22)(3)25 
Balance as of end of period
$419 $798 $(139)
(1)VE territory covered losses incurred reflect litigation provision for settlements with merchants and additional legal costs. See Note 13—Legal Matters.
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:
December 31, 2024September 30, 2024
As-converted Value of Preferred Stock(1),(2)
Book Value of Preferred Stock(1)
As-converted Value of Preferred Stock(1),(3)
Book Value of Preferred Stock(1)
(in millions)
Series B preferred stock$781 $99 $684 $104 
Series C preferred stock1,779 384 1,550 387 
Total2,560 483 2,234 491 
Less: right to recover for covered losses(123)(123)(104)(104)
Total recovery for covered losses available$2,437 $360 $2,130 $387 
(1)Figures in the table may not recalculate exactly due to rounding. As-converted and book values are based on unrounded numbers.
(2)As of December 31, 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) 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) $316.04, 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.
v3.24.4
Fair Value Measurements and Investments (Tables)
 3 Months Ended
Dec. 31, 2024
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Assets and Liabilities Measured at Fair Value on a Recurring Basis
 Fair Value Measurements
Using Inputs Considered as
 Level 1Level 2
 December 31,
2024		September 30,
2024		December 31,
2024		September 30,
2024
 (in millions)
Assets
Cash equivalents and restricted cash equivalents:
Money market funds
$10,623 $10,403 $— $— 
U.S. Treasury securities
7 7 — — 
Investment securities:
Marketable equity securities
334 301 — — 
U.S. government-sponsored debt securities
— — 304 496 
U.S. Treasury securities
3,086 4,948 — — 
Other current and non-current assets:
Money market funds
25 25 — — 
Derivative instruments
— — 448 103 
Total $14,075 $15,684 $752 $599 
Liabilities
Accrued compensation and benefits:
Deferred compensation liability
$261 $238 $— $— 
Accrued and other liabilities:
Derivative instruments
— — 272 226 
Total $261 $238 $272 $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:
December 31, 2024
Amortized
Cost		Gross UnrealizedFair
Value
GainsLosses
(in millions)
U.S. government-sponsored debt securities$303 $1 $— $304 
U.S. Treasury securities3,079 14 — 3,093 
Total$3,382 $15 $— $3,397 
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:
December 31,
2024
 (in millions)
Due within one year$1,713 
Due after one year through five years
1,684 
Total$3,397 
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:
December 31,
2024		September 30,
2024
(in millions)
Initial cost basis
$711 $711 
Adjustments:
Upward adjustments
909 910 
Downward adjustments, including impairment
(552)(465)
Carrying amount
$1,068 $1,156 
Unrealized gains and losses of the Company’s non-marketable equity securities held as of period end that were accounted for using the fair value measurement alternative were as follows:
Three Months Ended
December 31,
20242023
(in millions)
Upward adjustments$— $9 
Downward adjustments, including impairment
$(91)$— 
v3.24.4
Debt (Tables)
 3 Months Ended
Dec. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Debt
The Company had outstanding debt as follows:
December 31,
2024		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
1,412 1,513 1.71 %
2.00% Senior Notes due June 2029
1,046 1,120 2.13 %
2.375% Senior Notes due June 2034
680 728 2.53 %
Total debt
20,888 21,111 
Unamortized discounts and debt issuance costs(136)(142)
Hedge accounting fair value adjustments(2)
(143)(133)
Total carrying value of debt
$20,609 $20,836 
Reported as:
Current maturities of debt$3,929 $— 
Long-term debt16,680 20,836 
Total carrying value of debt
$20,609 $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.
v3.24.4
Stockholders' Equity (Tables)
 3 Months Ended
Dec. 31, 2024
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:
December 31, 2024September 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 7 — 
(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 stock1,726 — 1,726 1,733 — 1,733 
Class B-1 common stock
5 1.5653 
(3)
8 5 1.5653 
(3)
8 
Class B-2 common stock
120 1.5430 
(3)
186 120 1.5430 
(3)
186 
Class C common stock9 4.0000 37 10 4.0000 39 
Total1,972 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
Reduction in as-converted shares. 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:
Three Months Ended
December 31, 2024		Three Months Ended
December 31, 2023
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 $254.32 $254.32 
Recovery through conversion rate adjustment
$5 $3 $22 $3 
(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
December 31,
20242023
(in millions, except per share data)
Shares repurchased in the open market(1)
13 15 
Average repurchase cost per share(2)
$300.61 $238.47 
Total cost(2)
$3,940 $3,609 
(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 December 31, 2024, shares repurchased in the open market include $70 million unsettled repurchases.
v3.24.4
Earnings Per Share (Tables)
 3 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted
The following tables present earnings per share:
Three Months Ended
December 31, 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 $4,466 1,729 $2.58 $5,119 
(3)
1,985 
(3)
$2.58 
Class B-1 common stock 20 5 $4.04 $20 5 $4.04 
Class B-2 common stock(4)
480 120 $3.99 $479 120 $3.98 
Class C common stock 98 10 $10.33 $98 10 $10.32 
Participating securities55 Not presentedNot presented$55 Not presentedNot presented
Net income$5,119 
Three Months Ended
December 31, 2023
 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$3,792 1,584 $2.39 $4,890 
(3)
2,045 
(3)
$2.39 
Class B-1 common stock933 245 $3.80 $932 245 $3.80 
Class C common stock91 9 $9.58 $91 9 $9.57 
Participating securities74 Not presentedNot presented$74 Not presentedNot presented
Net income$4,890 
(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 months ended December 31, 2024 and 2023.
(4)No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer in May 2024. See Note 9—Stockholders’ Equity for further details.
Schedule of Weighted Average Number of Shares as Converted
The following table presents the weighted-average number of as-converted class A common stock outstanding:
Three Months Ended
December 31,
20242023
(in millions)
Class B-1 common stock
8 390 
Class B-2 common stock(1)
186 — 
Class C common stock
38 38 
Participating securities
21 31 
(1)     No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer in May 2024. See Note 9—Stockholders’ Equity for further details.
v3.24.4
Share-based Compensation (Tables)
 3 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table presents the equity awards granted to employees and non-employee directors under the amended and restated 2007 Equity Incentive Compensation Plan (EIP) for the three months ended December 31, 2024:
GrantedWeighted-Average Grant Date Fair ValueWeighted-Average Exercise Price
Non-qualified stock options643,847 $73.55 $311.85 
Restricted stock units2,376,825 $311.41 
Performance-based shares(1)
476,480 $345.65 
(1)Represents the maximum number of performance-based shares which could be earned.
v3.24.4
Legal Matters (Tables)
 3 Months Ended
Dec. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Loss Contingencies by Contingency
The following table summarizes the activity related to accrued litigation:
 Three Months Ended
December 31,
 20242023
 (in millions)
Balance as of beginning of period
$1,727 $1,751 
Provision for uncovered legal matters17 10 
Provision for covered legal matters34 22 
Payments for legal matters(129)(312)
Balance as of end of period
$1,649 $1,471 
The following table summarizes the accrual activity related to U.S. covered litigation:
 Three Months Ended
December 31,
 20242023
 (in millions)
Balance as of beginning of period
$1,537 $1,621 
Provision for interchange multidistrict litigation27 — 
Payments for U.S. covered litigation— (160)
Balance as of end of period
$1,564 $1,461 
The following table summarizes the accrual activity related to VE territory covered litigation:
 Three Months Ended
December 31,
 20242023
(in millions)
Balance as of beginning of period
$72 $110 
Provision for VE territory covered litigation7 22 
Payments for VE territory covered litigation(21)(126)
Balance as of end of period
$58 $6 
v3.24.4
Summary of Significant Accounting Policies (Details)
Dec. 31, 2024
country
Accounting Policies [Abstract]  
Number of countries in which Visa operates (more than) 200
v3.24.4
Acquisitions (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Sep. 30, 2024
Business Acquisition [Line Items]    
Goodwill $ 19,548 $ 18,941
Featurespace Limited    
Business Acquisition [Line Items]    
Total consideration 946  
Amount allocated to technology, intangible assets, other net assets acquired and deferred tax liabilities 143  
Goodwill $ 803  
v3.24.4
Revenue - Schedule of Disaggregation of Revenue (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]    
Net revenue $ 9,510 $ 8,634
U.S.    
Disaggregation of Revenue [Line Items]    
Net revenue 3,738 3,645
International    
Disaggregation of Revenue [Line Items]    
Net revenue 5,772 4,989
Service revenue    
Disaggregation of Revenue [Line Items]    
Net revenue 4,208 3,915
Data processing revenue    
Disaggregation of Revenue [Line Items]    
Net revenue 4,745 4,356
International transaction revenue    
Disaggregation of Revenue [Line Items]    
Net revenue 3,442 3,019
Other revenue    
Disaggregation of Revenue [Line Items]    
Net revenue 912 692
Client incentives    
Disaggregation of Revenue [Line Items]    
Net revenue $ (3,797) $ (3,348)
v3.24.4
Revenue - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Net revenue $ 9,510 $ 8,634
Revenue, remaining performance obligation, amount 4,300  
Value-Added Services    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Net revenue $ 2,400 $ 2,100
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, remaining performance obligation, expected timing of satisfaction, period (in years) 2 years  
Revenue, remaining performance obligation (in percent) 50.00%  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01    
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]    
Revenue, remaining performance obligation, expected timing of satisfaction, period (in years)  
Revenue, remaining performance obligation (in percent) 50.00%  
v3.24.4
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents - Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Sep. 30, 2024
Dec. 31, 2023
Sep. 30, 2023
Restricted Cash and Cash Equivalents Items [Line Items]        
Cash and cash equivalents $ 12,367 $ 11,975    
Cash, cash equivalents, restricted cash and restricted cash equivalents 19,966 19,763 $ 19,636 $ 21,990
U.S. litigation escrow        
Restricted Cash and Cash Equivalents Items [Line Items]        
Restricted cash and restricted cash equivalents: 3,112 3,089    
Customer collateral        
Restricted Cash and Cash Equivalents Items [Line Items]        
Restricted cash and restricted cash equivalents: 3,518 3,524    
Prepaid expenses and other current assets        
Restricted Cash and Cash Equivalents Items [Line Items]        
Restricted cash and restricted cash equivalents: $ 969 $ 1,175    
v3.24.4
U.S. and Europe Retrospective Responsibility Plans - Schedule of Changes in the U.S. Litigation Escrow Account (Detail) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Escrow Account [Roll Forward]    
Balance as of beginning of period $ 3,089 $ 1,764
Balance as of end of period 3,112 1,616
Interest Income | Opt-out Merchants    
Escrow Account [Roll Forward]    
Payments to opt-out merchants, net of interest earned on escrow funds $ 23 $ (148)
v3.24.4
U.S. and Europe Retrospective Responsibility Plans - Additional Information (Details)
€ in Millions
 3 Months Ended
Dec. 31, 2024
EUR (€)
Retrospective Responsibility Plans [Abstract]  
VE covered loss, maximum amount of loss to allow adjustment of conversion rate during six-month period € 20
v3.24.4
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
Dec. 31, 2024
USD ($)
$ / shares
shares
Dec. 31, 2023
USD ($)
shares
Sep. 30, 2024
USD ($)
$ / shares
shares
Sep. 30, 2023
shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance as of beginning of period $ 39,137 $ 38,733    
VE territory covered losses incurred (27) (24)    
Recovery through conversion rate adjustment 0 0    
Balance as of end of period 38,296 39,733    
As-converted Value of Preferred Stock 2,560   $ 2,234  
Book Value of Preferred Stock 904   1,031  
Book Value of Preferred Stock, Total 483   491  
Less: right to recover for covered losses (123)   (104)  
As-converted Value of Preferred Stock, Total recovery for covered losses available 2,437   2,130  
Book Value of Preferred of Stock, Total recovery for covered losses available $ 360   $ 387  
Preferred stock, shares outstanding (in shares) | shares 5   5  
Share price (in dollars per share) | $ / shares $ 316.04   $ 274.95  
Preferred Stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance as of beginning of period $ 1,031 [1] 1,698 [2]    
Recovery through conversion rate adjustment (8) (25)    
Balance as of end of period $ 904 [1] $ 1,615 [2]    
Preferred stock, shares outstanding (in shares) | shares 5 5 5 5
Right to Recover for Covered Losses        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Balance as of beginning of period $ (104) $ (140)    
VE territory covered losses incurred (27) (24)    
Recovery through conversion rate adjustment 8 25    
Balance as of end of period (123) (139)    
Series B preferred stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Recovery through conversion rate adjustment 5 22    
As-converted Value of Preferred Stock 781   $ 684  
Book Value of Preferred Stock $ 99   $ 104  
Preferred stock, shares outstanding (in shares) | shares 2   2  
Preferred stock, conversion rate 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 incurred 0 0    
Recovery through conversion rate adjustment (5) (22)    
Balance as of end of period 99 419    
Series C preferred stock        
Increase (Decrease) in Stockholders' Equity [Roll Forward]        
Recovery through conversion rate adjustment 3 3    
As-converted Value of Preferred Stock 1,779   $ 1,550  
Book Value of Preferred Stock $ 384   $ 387  
Preferred stock, shares outstanding (in shares) | shares 3   3  
Preferred stock, conversion rate 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 incurred 0 0    
Recovery through conversion rate adjustment (3) (3)    
Balance as of end of period $ 384 $ 798    
[1] As of December 31, 2024 and September 30, 2024, the book value of series A convertible participating preferred stock (series A preferred stock) was $421 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 December 31, 2023 and September 30, 2023, the book value of series A preferred stock was $398 million and $456 million, respectively. See Note 5—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock.
v3.24.4
Fair Value Measurements and Investments - Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Sep. 30, 2024
Assets    
Investment securities $ 3,397 $ 5,451
Level 1 | Fair Value, Measurements, Recurring    
Assets    
Total 14,075 15,684
Liabilities    
Total 261 238
Level 1 | Fair Value, Measurements, Recurring | Deferred compensation liability    
Liabilities    
Deferred compensation liability 261 238
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: 10,623 10,403
Other current and non-current assets: 25 25
Level 1 | U.S. Treasury securities | Fair Value, Measurements, Recurring    
Assets    
Cash equivalents and restricted cash equivalents: 7 7
Investment securities 3,086 4,948
Level 1 | Marketable equity securities | Fair Value, Measurements, Recurring    
Assets    
Marketable equity securities 334 301
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 752 599
Liabilities    
Total 272 226
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 272 226
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: $ 448 $ 103
v3.24.4
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
Dec. 31, 2024
Sep. 30, 2024
Debt Securities, Available-for-Sale [Line Items]    
Amortized Cost $ 3,382 $ 5,412
Gross Unrealized Gains 15 44
Gross Unrealized Losses 0 (5)
Fair Value 3,397 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 3,079 4,920
Gross Unrealized Gains 14 40
Gross Unrealized Losses 0 (5)
Fair Value $ 3,093 $ 4,955
v3.24.4
Fair Value Measurements and Investments - Schedule of Debt Securities Classified by Contractual Maturity Date (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Sep. 30, 2024
Fair Value Disclosures [Abstract]    
Due within one year $ 1,713  
Due after one year through five years 1,684  
Total $ 3,397 $ 5,451
v3.24.4
Fair Value Measurements and Investments - Additional Information (Detail) - USD ($)
 3 Months Ended
Feb. 01, 2024
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Unrealized (loss) gain on investments   $ (83,000,000) $ 36,000,000  
Impairment of indefinite-lived intangible assets and goodwill $ 0      
Senior Notes        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Carrying value of debt   20,600,000,000   $ 20,800,000,000
Estimated Fair Value | Senior Notes        
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]        
Estimated fair value of debt   $ 18,400,000,000   $ 19,200,000,000
v3.24.4
Fair Value Measurements and Investments - Schedule of Non-Marketable Equity Securities (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Fair Value Disclosures [Abstract]      
Initial cost basis $ 711   $ 711
Adjustments:      
Upward adjustments 909   910
Downward adjustments, including impairment (552)   (465)
Carrying amount 1,068   $ 1,156
Upward adjustments 0 $ 9  
Downward adjustments, including impairment $ (91) $ 0  
v3.24.4
Debt - Schedule of Debt (Details) - USD ($)
$ in Millions
Dec. 31, 2024
Sep. 30, 2024
Debt Instrument [Line Items]    
Unamortized discounts and debt issuance costs $ (136) $ (142)
Hedge accounting fair value adjustments (143) (133)
Total carrying value of debt 20,609 20,836
Current maturities of debt 3,929 0
Long-term debt 16,680 20,836
Senior Notes    
Debt Instrument [Line Items]    
Senior notes $ 20,888 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 $ 1,412 1,513
Effective interest rate (percent) 1.71%  
Senior Notes | 2.00% Senior Notes due June 2029 | Europe    
Debt Instrument [Line Items]    
Stated interest rate (percent) 2.00%  
Senior notes $ 1,046 1,120
Effective interest rate (percent) 2.13%  
Senior Notes | 2.375% Senior Notes due June 2034 | Europe    
Debt Instrument [Line Items]    
Stated interest rate (percent) 2.375%  
Senior notes $ 680 $ 728
Effective interest rate (percent) 2.53%  
v3.24.4
Settlement Guarantee Management - Additional Information (Details)
$ in Billions
 3 Months Ended
Dec. 31, 2024
USD ($)
Settlement Guarantee Management [Abstract]  
Maximum settlement exposure $ 153.4
Average daily settlement exposure 89.7
Total collateral $ 7.9
v3.24.4
Stockholders' Equity - Number of Shares of Class A Common Shares Outstanding on an As-Converted Basis (Details)
shares in Millions
Dec. 31, 2024
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) 1,972 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) 7 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) 1,726 1,733
Common stock, conversion rate into Class A Common Stock 0 0
As-converted Class A Common Stock (in shares) 1,726 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 1.5653 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 1.5430 1.5430
As-converted Class A Common Stock (in shares) 186 186
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) 37 39
v3.24.4
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
Dec. 31, 2024
Dec. 31, 2023
Conversion of Stock [Line Items]    
Recovery through conversion rate adjustment $ 0 $ 0
Series B 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 $ 254.32
Recovery through conversion rate adjustment $ 5 $ 22
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 $ 254.32
Recovery through conversion rate adjustment $ 3 $ 3
v3.24.4
Stockholders' Equity - Share Repurchases in the Open Market (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Sep. 30, 2024
Equity, Class of Treasury Stock [Line Items]      
Total cost $ 3,940 $ 3,609  
Unsettled repurchases $ 4,690   $ 4,909
Class A common stock      
Equity, Class of Treasury Stock [Line Items]      
Shares repurchased in the open market (in shares) 13 15  
Average repurchase cost per share (in dollars per share) $ 300.61 $ 238.47  
Total cost $ 3,940 $ 3,609  
Unsettled repurchases $ 70    
v3.24.4
Stockholders' Equity - Additional Information (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Billions
 1 Months Ended 3 Months Ended
May 31, 2024
Dec. 31, 2024
Dec. 31, 2023
Jan. 28, 2025
Oct. 31, 2023
Equity, Class of Treasury Stock [Line Items]          
Share repurchase program         $ 25.0
Share repurchase programs authorized   $ 9.1      
Dividends paid   $ 1.2 $ 1.1    
Class B-1 common stock          
Equity, Class of Treasury Stock [Line Items]          
Stock tendered during period, shares, stock exchange offer (in shares) 241        
Class C common stock          
Equity, Class of Treasury Stock [Line Items]          
Stock issued during the period, new issues (in shares) 48        
Class B-2 common stock          
Equity, Class of Treasury Stock [Line Items]          
Stock issued during the period, new issues (in shares) 120        
Subsequent Event          
Equity, Class of Treasury Stock [Line Items]          
Quarterly cash dividend (in dollars per share)       $ 0.59  
v3.24.4
Earnings Per Share - Schedule of Earnings Per Share, Basic and Diluted (Detail) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]    
Income Allocation - Basic $ 5,119 $ 4,890
Class A common stock    
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]    
Income Allocation - Basic $ 4,466 $ 3,792
Weighted- Average Shares Outstanding - Basic (in shares) 1,729 1,584
Earnings per Share - Basic (in dollars per share) $ 2.58 $ 2.39
Income Allocation - Diluted $ 5,119 $ 4,890
Weighted- Average Shares Outstanding - Diluted (in shares) 1,985 2,045
Earnings per Share - Diluted (in dollars per share) $ 2.58 $ 2.39
Class B-1 common stock    
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]    
Income Allocation - Basic $ 20 $ 933
Weighted- Average Shares Outstanding - Basic (in shares) 5 245
Earnings per Share - Basic (in dollars per share) $ 4.04 $ 3.80
Income Allocation - Diluted $ 20 $ 932
Weighted- Average Shares Outstanding - Diluted (in shares) 5 245
Earnings per Share - Diluted (in dollars per share) $ 4.04 $ 3.80
Class B-2 common stock    
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]    
Income Allocation - Basic $ 480  
Weighted- Average Shares Outstanding - Basic (in shares) [1] 120 0
Earnings per Share - Basic (in dollars per share) [1] $ 3.99 $ 0
Income Allocation - Diluted $ 479  
Weighted- Average Shares Outstanding - Diluted (in shares) [1] 120 0
Earnings per Share - Diluted (in dollars per share) [1] $ 3.98 $ 0
Class C common stock    
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]    
Income Allocation - Basic $ 98 $ 91
Weighted- Average Shares Outstanding - Basic (in shares) 10 9
Earnings per Share - Basic (in dollars per share) $ 10.33 $ 9.58
Income Allocation - Diluted $ 98 $ 91
Weighted- Average Shares Outstanding - Diluted (in shares) 10 9
Earnings per Share - Diluted (in dollars per share) $ 10.32 $ 9.57
Participating securities    
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]    
Income Allocation - Basic $ 55 $ 74
Income Allocation - Diluted $ 55 $ 74
[1] No shares of class B-2 common stock were outstanding prior to the class B-1 common stock exchange offer in May 2024. See Note 9—Stockholders’ Equity for further details.
v3.24.4
Earnings Per Share - Schedule of Weighted Average Number of Shares (Detail) - shares
shares in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Class B-1 common stock    
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]    
Weighted-average as-converted common stock used in income allocation (in shares) 8 390
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) 186 0
Class C common stock    
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]    
Weighted-average as-converted common stock used in income allocation (in shares) 38 38
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) 21 31
v3.24.4
Share-based Compensation - Schedule of Disclosure of Share-based Compensation Arrangements by Share-based Payment Award (Details)
 3 Months Ended
Dec. 31, 2024
$ / 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 2,376,825
Weighted-Average Grant Date Fair Value (in dollars per share) $ 311.41
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
v3.24.4
Share-based Compensation - Additional Information (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
2007 Plan    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Share-based compensation expense $ 215 $ 200
v3.24.4
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Income Tax Disclosure [Abstract]    
Effective income tax rate reconciliation, percent (in percent) 17.00% 19.00%
Unrecognized tax benefits, period increase, gross $ 93  
Unrecognized tax benefits, period increase, net $ 12  
v3.24.4
Legal Matters - Schedule of Accrued Litigation for Both Covered and Non-Covered Litigation (Detail) - USD ($)
$ in Millions
 3 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period $ 1,727 $ 1,751
Balance at end of period 1,649 1,471
Uncovered Litigation    
Loss Contingency Accrual [Roll Forward]    
Provision for legal matters 17 10
Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Provision for legal matters 34 22
Payments for legal matters (129) (312)
U.S. Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period 1,537 1,621
Provision for legal matters 27 0
Payments for legal matters 0 (160)
Balance at end of period 1,564 1,461
VE Territory Covered Litigation    
Loss Contingency Accrual [Roll Forward]    
Balance at beginning of period 72 110
Provision for legal matters 7 22
Payments for legal matters (21) (126)
Balance at end of period $ 58 $ 6
v3.24.4
Legal Matters - Additional Information (Details)
$ in Millions
 3 Months Ended
Dec. 19, 2024
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Dec. 13, 2024
lawsuit
Nov. 26, 2024
lawsuit
Interchange Multidistrict Litigation          
Loss Contingencies [Line Items]          
Settlement percentage   74.00%      
Europe Merchant Litigation          
Loss Contingencies [Line Items]          
Merchant damages limitation, period prior to claim filing 6 years        
U.S. Debit Class Actions          
Loss Contingencies [Line Items]          
Number of class action lawsuits, seeking consolidation       3 4
Number of lawsuits in which the court was transferred       2  
U.S. Covered Litigation          
Loss Contingencies [Line Items]          
Provision for legal matters | $   $ 27 $ 0