V · 8-K · 20260728PR000103

Litigation Provision and Escrow

VISA INC. · 2026-07-28 · Importance 71 · Surprise 82 · In source text

Visa recorded a $237 million fiscal third-quarter provision tied to the interchange multidistrict litigation case, compared with $615 million in the prior-year quarter. The nine-month 2026 litigation provision totaled $1.3 billion, compared with $1.7 billion in the prior-year period. On June 25, 2026, Visa deposited $250 million into its U.S. litigation escrow account. The deposit reduced the as-converted B-1, B-2 and B-3 share counts at a volume-weighted average price of $333.42 and had the same EPS effect as a Class A repurchase.

Key facts

• Accrued litigation on the consolidated balance sheet was $1,274 million as of June 30, 2026. source
• On June 25, 2026, Visa deposited $250 million into its litigation escrow account under its U.S. retrospective responsibility plan. source
• The $250 million deposit reduced as-converted class B-1, B-2 and B-3 share counts at a volume-weighted average price of $333.42. source
• A litigation provision associated with the interchange multidistrict litigation (MDL) case recorded in the current year's quarter was $237 million. source

Impact estimates