Visa said it authorized the deposit of $125 million into the U.S. litigation escrow account on February 25, 2026, which was previously established under the company's U.S. retrospective responsibility plan.

1. 01

   Visa said it authorized the deposit of $125 million into the U.S. litigation escrow account on February 25, 2026, which was previously established under the company's U.S. retrospective responsibility plan.

2. 02

   The company said the deposit lowered the conversion rate for its class B-1 common stock from 1.5491 to 1.5475 and the conversion rate for its class B-2 common stock from 1.5108 to 1.5075, effective as of February 26, 2026.

3. 03

   Visa said the conversion rate adjustments have the same effect on earnings per share as repurchasing its class A common stock. It said the as-converted class B-1 share count fell by approximately 7,880 shares, from 7,490,714 to 7,482,834, and the as-converted class B-2 share count fell by approximately 392,202 shares, from 181,804,989 to 181,412,788.

4. 04

   The company said the deposit and conversion rate adjustment calculations were made under its certificate of incorporation currently in effect, using the volume-weighted average price over the one-day pricing period on February 25, 2026.

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