V · 10-K · 2026A · Full report

Interchange Litigation Provision and Escrow

VISA INC. · 2026-11-05 · Importance 64 · Surprise 56

Visa recorded $1.6 billion of additional accruals during fiscal 2026 for claims associated with interchange multidistrict litigation. It deposited an additional $1.3 billion into the U.S. litigation escrow account during the year; the account balance was $628 million at September 30, 2026. Fiscal 2026 litigation provision was $1.764 billion, down from $2.562 billion in fiscal 2025, primarily due to lower accruals related to U.S. covered litigation. The filing states that litigation accruals may be higher or lower than escrow deposits.

Key facts

• Fiscal 2026 litigation provision was $1.764 billion, compared with $2.562 billion in fiscal 2025, a decrease of 31%. source
• During fiscal 2026, Visa recorded $1.6 billion of additional accruals for interchange multidistrict litigation claims. source
• During fiscal 2026, Visa deposited an additional $1.3 billion into the U.S. litigation escrow account. source
• At September 30, 2026, the U.S. litigation escrow account balance was $628 million and was reflected as restricted cash equivalents. source
• Interchange multidistrict litigation accruals may be higher or lower than deposits made into the U.S. litigation escrow account. source
• Fiscal 2026 litigation provision decreased primarily due to lower accruals related to U.S. covered litigation. source