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U.S. and Europe Retrospective Responsibility Plans | 3 Months Ended
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Dec. 31, 2025
Retrospective Responsibility Plans [Abstract] |
U.S. and Europe Retrospective Responsibility Plans | Note 4—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 14—Legal Matters. The following table presents the changes in the U.S. litigation escrow account:
| Three Months Ended December 31,
| 2025 |  | 2024
| (in millions)
Balance as of beginning of period | $ | 2,990 |  |  | $ | 3,089 |
Deposits into the U.S. litigation escrow account | 500 |  |  | — |
Payments to opt-out merchants(1), net of interest earned on escrow funds | (190) |  |  | 23 |
Balance as of end of period | $ | 3,300 |  |  | $ | 3,112 |
(1)These payments are associated with the interchange multidistrict litigation. See Note 14—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 periodic adjustments to the class A common stock conversion rates applicable to the series B and C preferred stock. VE territory covered losses are recorded in stockholders’ equity in the contra-equity account right to recover for covered losses before the corresponding adjustment to the applicable conversion rate is effected. Adjustments to the conversion rate may be executed once in any six-month period unless a single, individual loss greater than €20 million is incurred, in which case, the six-month limitation does not apply. When the adjustment to the conversion rate is made, the amount previously recorded in right to recover for covered losses is then recorded against the book value of the preferred stock within stockholders’ equity. The following tables present the activities in the preferred stock and right to recover for covered losses within stockholders’ equity:
| Three Months Ended December 31, 2025
| Preferred Stock |  | Right to Recover for Covered Losses
| Series B |  | Series C |
| (in millions)
Balance as of beginning of period | $ | 67 |  |  | $ | 165 |  |  | $ | (124) |
VE territory covered losses(1) | — |  |  | — |  |  | (3) |
Recovery through conversion rate adjustments(2) | (60) |  |  | (49) |  |  | 108 |
Balance as of end of period | $ | 7 |  |  | $ | 116 |  |  | $ | (19) |
| Three Months Ended December 31, 2024
| Preferred Stock |  | Right to Recover for Covered Losses
| Series B |  | Series C |
| (in millions)
Balance as of beginning of period | $ | 104 |  |  | $ | 387 |  |  | $ | (104) |
VE territory covered losses(1) | — |  |  | — |  |  | (27) |
Recovery through conversion rate adjustments | (5) |  |  | (3) |  |  | 8 |
Balance as of end of period | $ | 99 |  |  | $ | 384 |  |  | $ | (123) |
(1)VE territory covered losses reflect litigation provision for settlements with merchants and additional legal costs. See Note 14—Legal Matters. (2)Adjustments to right to recover for covered losses for the conversion rate adjustments differ from the actual recovered amounts due to differences in foreign exchange rates between the time the losses were incurred and the subsequent recovery through the conversion rate adjustments. 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, 2025 |  | September 30, 2025
| As-converted Value(1),(2) |  | Book Value |  | As-converted Value(1),(3) |  | Book Value
| (in millions)
Series B preferred stock | $ | 518 |  |  | $ | 7 |  |  | $ | 566 |  |  | $ | 67 |
Series C preferred stock | 794 |  |  | 116 |  |  | 823 |  |  | 165 |
Total | 1,312 |  |  | 123 |  |  | 1,389 |  |  | 232 |
Less: right to recover for covered losses | (19) |  |  | (19) |  |  | (124) |  |  | (124) |
Total recovery for covered losses available | $ | 1,293 |  |  | $ | 104 |  |  | $ | 1,265 |  |  | $ | 108 |
(1)Figures in the table may not recalculate exactly due to rounding. As-converted value is based on unrounded numbers. (2)As of December 31, 2025, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 0.5960 and 0.7170, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $350.71, Visa’s class A common stock closing stock price. (3)As of September 30, 2025, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 0.6690 and 0.7640, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $341.38, Visa’s class A common stock closing stock price.

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- Definition The disclosure describes the Company's Retrospective Responsibility Plans. + References No definition available. + Details
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- Definition Retrospective Responsibility Plans [Abstract] + References No definition available. + Details
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