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Share-based Compensation (Tables) | 12 Months Ended
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Sep. 30, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract] |
Weighted-Average Assumption Model for Stock Options | The fair value of each stock option was estimated on the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
| For the Years Ended September 30,
| 2022 |  | 2021 |  | 2020
Expected term (in years)(1) | 4.11 |  | 4.07 |  | 4.03
Risk-free rate of return(2) | 1.1 | % |  | 0.3 | % |  | 1.6 | %
Expected volatility(3) | 27.1 | % |  | 25.1 | % |  | 18.7 | %
Expected dividend yield(4) | 0.7 | % |  | 0.6 | % |  | 0.7 | %
Fair value per option granted | $ | 43.16 |  | $ | 39.51 |  | $ | 29.37
(1)Based on Visa’s historical exercise experience. (2)Based on the zero-coupon U.S. Treasury constant maturity yield curve, continuously compounded over the expected term of the awards. (3)Based on the Company’s implied and historical volatilities. (4)Based on the Company’s annual dividend rate on the date of grant.
Options Activity Disclosure | The following table summarizes the Company’s option activity:
| Options |  | Weighted- Average Exercise Price Per Share |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value(1) (in millions)
Outstanding at September 30, 2021 | 5,839,779 |  |  | $ | 134.56 |  |  |  |  |
Granted | 961,570 |  |  | $ | 200.86 |  |  |  |  |
Forfeited | (134,247) |  |  | $ | 199.34 |  |  |  |  |
Expired | (1,264) |  |  | $ | 207.57 |  |  |  |  |
Exercised | (497,214) |  |  | $ | 104.15 |  |  |  |  |
Outstanding at September 30, 2022 | 6,168,624 |  |  | $ | 145.92 |  |  | 6.09 |  | $ | 250 |
Options exercisable at September 30, 2022 | 4,299,455 |  |  | $ | 122.49 |  |  | 5.14 |  | $ | 250 |
Options exercisable and expected to vest at September 30, 2022(2) | 6,122,504 |  |  | $ | 145.50 |  |  | 6.07 |  | $ | 250 |
(1)Calculated using the closing stock price on the last trading day of fiscal 2022 of $177.65, less the option exercise price, multiplied by the number of instruments. (2)Applied a forfeiture rate to unvested options outstanding at September 30, 2022 to estimate the options expected to vest in the future.
Restricted Stock Unit Activity Disclosure | The following table summarizes the Company’s RSU activity:
| Units |  | Weighted- Average Grant Date Fair Value |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value(1) (in millions)
Outstanding at September 30, 2021 | 4,526,448 |  |  | $ | 188.16 |  |  |  |  |
Granted | 3,967,313 |  |  | $ | 204.73 |  |  |  |  |
Vested | (2,166,662) |  |  | $ | 175.23 |  |  |  |  |
Forfeited | (532,779) |  |  | $ | 200.24 |  |  |  |  |
Outstanding at September 30, 2022 | 5,794,320 |  |  | $ | 203.23 |  |  | 1.07 |  | $ | 1,029 |
(1)Calculated by multiplying the closing stock price on the last trading day of fiscal 2022 of $177.65 by the number of instruments.
Weighted-Average Assumption Model for PSUs | The fair value of each performance-based shares incorporating the market condition was estimated on the date of grant using a Monte Carlo simulation model with the following weighted-average assumptions:
| For the Years Ended September 30,
| 2022 |  | 2021 |  | 2020
Expected term (in years) | 2.05 |  | 2.00 |  | 1.90
Risk-free rate of return(1) | 0.5 | % |  | 0.2 | % |  | 1.6 | %
Expected volatility(2) | 28.3 | % |  | 27.2 | % |  | 20.9 | %
Expected dividend yield(3) | 0.8 | % |  | 0.6 | % |  | 0.7 | %
Fair value per performance-based share granted | $ | 186.50 |  | $ | 229.81 |  | $ | 211.08
(1)Based on the zero-coupon U.S. treasury constant maturity yield curve, continuously compounded over the expected term of the awards (2)Based on the Company’s implied and historical volatilities. (3)Based on the Company’s annual dividend rate on the date of grant.
Performance-based Shares Activity Disclosure | The following table summarizes the maximum number of performance-based shares which could be earned and related activity:
| Shares |  | Weighted- Average Grant Date Fair Value |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value(1) (in millions)
Outstanding at September 30, 2021 | 863,860 |  |  | $ | 204.82 |  |  |  |  |
Granted(2) | 440,722 |  |  | $ | 186.50 |  |  |  |  |
Vested and earned | (245,922) |  |  | $ | 200.90 |  |  |  |  |
Unearned | (200,800) |  |  | $ | 190.43 |  |  |  |  |
Forfeited | (23,664) |  |  | $ | 199.20 |  |  |  |  |
Outstanding at September 30, 2022 | 834,196 |  |  | $ | 199.92 |  |  | 0.89 |  | $ | 148 |
(1)Calculated by multiplying the closing stock price on the last trading day of fiscal 2022 of $177.65 by the number of instruments. (2)Represents the maximum number of performance-based shares which could be earned.

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- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- References No definition available. + Details
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- Definition Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used, PSUs + References No definition available. + Details
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- Definition For each plan, identification of the award pricing model or other valuation method used in calculating the weighted average fair values disclosed. The model is also used to calculate the compensation expense that is shown within the balance sheet, income statement, and cash flow. Examples of valuation techniques are lattice models (binomial model), closed-form models (Black-Scholes-Merton formula), and a Monte Carlo simulation technique. Fair value is the amount at which an asset (or liability) could be bought (or incurred) or sold (or settled) in a current transaction between willing parties, that is, other than in a forced or liquidation sale. May include disclosures about the assumptions underlying application of the method selected. + References No definition available. + Details
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