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VISA INC.
CIK:0001403161|SEC Filings
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions |
9 Months Ended | |||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
|||
| Operating Activities | ||||
| Net income | $ 17,502 | $ 14,968 | ||
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||
| Client incentives | 13,194 | 11,503 | ||
| Share-based compensation | 728 | 706 | ||
| Depreciation and amortization | 1,026 | 904 | ||
| Deferred income taxes | (638) | 347 | ||
| VE territory covered losses | (108) | (22) | ||
| (Gains) losses on equity investments, net | 31 | 133 | ||
| Other | 16 | 70 | ||
| Change in operating assets and liabilities: | ||||
| Settlement receivable | 1,761 | (211) | ||
| Accounts receivable | (368) | (334) | ||
| Client incentives | (13,121) | (11,253) | ||
| Other assets | (832) | (18) | ||
| Accounts payable | (28) | (14) | ||
| Settlement payable | (1,436) | 619 | ||
| Accrued and other liabilities | 373 | (1,199) | ||
| Accrued litigation | (1,758) | 622 | ||
| Net cash provided by (used in) operating activities | 16,342 | 16,821 | ||
| Investing Activities | ||||
| Purchases of property, equipment and technology | (1,178) | (1,093) | ||
| Purchases of investment securities | (50) | 0 | ||
| Proceeds from maturities and sales of investment securities | 1,280 | 2,468 | ||
| Acquisitions, net of cash, cash equivalents, restricted cash and restricted cash equivalents acquired | (705) | (887) | ||
| Purchases of other investments | (97) | (41) | ||
| Other investing activities | (5) | (43) | ||
| Net cash provided by (used in) investing activities | (755) | 404 | ||
| Financing Activities | ||||
| Repurchases of class A common stock | (16,430) | (13,389) | ||
| Repayments of senior notes | (5,565) | 0 | ||
| Dividends paid | (3,852) | (3,488) | ||
| Proceeds from issuance of senior notes | 2,995 | 3,924 | ||
| Net proceeds from issuance (repayments) of commercial paper | 1,496 | 0 | ||
| Proceeds from stock issued under equity plans | 204 | 341 | ||
| Taxes paid related to stock issued under equity plans | (272) | (254) | ||
| Other financing activities | (116) | (97) | ||
| Net cash provided by (used in) financing activities | (21,540) | (12,963) | ||
| Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | (266) | 416 | ||
| Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents | (6,219) | 4,678 | ||
| Cash, cash equivalents, restricted cash and restricted cash equivalents as of beginning of period | 24,987 | 19,763 | ||
| Cash, cash equivalents, restricted cash and restricted cash equivalents as of end of period | 18,768 | 24,441 | ||
| Supplemental Disclosure | ||||
| Cash paid for income taxes, net | [1] | 4,887 | 3,587 | |
| Interest payments on debt | 600 | 539 | ||
| Accruals related to purchases of property, equipment and technology | $ 125 | $ 51 | ||
| ||||
CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions |
Jun. 30, 2026 |
Sep. 30, 2025 |
|---|---|---|
| Assets | ||
| Cash and cash equivalents | $ 12,359 | $ 17,164 |
| Restricted cash equivalents—U.S. litigation escrow | 888 | 2,990 |
| Investment securities | 1,433 | 1,833 |
| Settlement receivable | 2,400 | 4,191 |
| Accounts receivable | 3,527 | 3,126 |
| Customer collateral | 4,310 | 3,625 |
| Current portion of client incentives | 2,523 | 2,158 |
| Prepaid expenses and other current assets | 3,562 | 2,679 |
| Total current assets | 31,002 | 37,766 |
| Investment securities | 150 | 999 |
| Client incentives | 5,884 | 5,157 |
| Property, equipment and technology, net | 4,858 | 4,236 |
| Goodwill | 20,825 | 19,879 |
| Intangible assets, net | 27,532 | 27,646 |
| Other assets | 4,339 | 3,944 |
| Total assets | 94,590 | 99,627 |
| Liabilities | ||
| Accounts payable | 553 | 555 |
| Settlement payable | 3,277 | 4,568 |
| Customer collateral | 4,310 | 3,625 |
| Accrued compensation and benefits | 2,219 | 1,863 |
| Client incentives | 11,429 | 10,369 |
| Accrued liabilities | 5,409 | 5,466 |
| Current maturities of debt | 2,996 | 5,569 |
| Accrued litigation | 1,274 | 3,033 |
| Total current liabilities | 31,467 | 35,048 |
| Long-term debt | 20,862 | 19,602 |
| Deferred tax liabilities | 5,219 | 5,549 |
| Other liabilities | 1,864 | 1,519 |
| Total liabilities | 59,412 | 61,718 |
| Commitments and contingencies (Note 14 and Note 16) | ||
| Equity | ||
| Preferred stock | 514 | 745 |
| Right to recover for covered losses | (111) | (124) |
| Additional paid-in capital | 22,168 | 21,934 |
| Accumulated income | 12,753 | 15,106 |
| Accumulated other comprehensive income (loss): | ||
| Investment securities | 2 | 12 |
| Defined benefit pension and other postretirement plans | (25) | (32) |
| Derivative instruments | (129) | (307) |
| Foreign currency translation adjustments | 6 | 575 |
| Total accumulated other comprehensive income (loss) | (146) | 248 |
| Total equity | 35,178 | 37,909 |
| Total liabilities and equity | 94,590 | 99,627 |
| Class A common stock | ||
| Equity | ||
| Common stock | 0 | 0 |
| Common Class B-1, B-2 And B-3 | ||
| Equity | ||
| Common stock | 0 | 0 |
| Class C common stock | ||
| Equity | ||
| Common stock | $ 0 | $ 0 |