Visa said on September 25, 2025 it deposited $500 million into the U.S. litigation escrow account previously established under its U.S. retrospective responsibility plan.

1. 01

   Visa said on September 25, 2025 it deposited $500 million into the U.S. litigation escrow account previously established under its U.S. retrospective responsibility plan.

2. 02

   The company said the deposit lowered the conversion rate for class B-1 common stock from 1.5609 to 1.5549 and the conversion rate for class B-2 common stock from 1.5342 to 1.5223. Both adjustments take effect as of September 25, 2025.

3. 03

   Visa said the as-converted class B-1 common stock share count fell by about 28,885 shares, from 7,547,381 to 7,518,496, and the as-converted class B-2 share count fell by about 1,437,724 shares, from 184,625,546 to 183,187,821.

4. 04

   The company said the conversion rate adjustments have the same effect on earnings per share as repurchasing class A common stock. It said the deposit and conversion rate calculations used the volume-weighted average price over the 5-day pricing period from September 18, 2025 through September 24.

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