V · 10-Q · 2026Q1 · Full report
Capital Return Program
VISA INC. · 2026-04-29 · Importance 64 · Surprise 42 · Contradicted
During the six months ended March 31, 2026, Visa repurchased $11,659 million of Class A common stock in the open market (six-month total) at an average repurchase cost of $327.29 per share. As of March 31, 2026 the company reported $13.2 billion of remaining authorization under the April 2025 $30.0 billion repurchase program, and in April 2026 the board authorized an additional $20.0 billion repurchase program. Dividends paid were $2,579 million for the six months ended March 31, 2026 (up from $2,334 million prior-year six months), and on April 28, 2026 the board declared a quarterly cash dividend of $0.67 per Class A share payable June 1, 2026. The repurchase authorizations are multi-year and have no expiration date.
Key facts
- In April 2026, the Board authorized a new $20.0 billion share repurchase program with no expiration date. source
- Repurchases of class A common stock for the six months ended March 31, 2026: $(11,625) million recorded in financing activities. source
- Net cash used in financing activities for the six months ended March 31, 2026: $(15,396) million. source
- In April 2025, the Board authorized a $30.0 billion share repurchase program; as of March 31, 2026 remaining authorized funds were $13.2 billion. source
- In April 2026, our board of directors authorized a new $20.0 billion share repurchase program. source
- Dividends paid for the six months ended March 31, 2026: $(2,579) million. source
- On April 28, 2026, the Board declared a quarterly cash dividend of $0.67 per class A common share payable on June 1, 2026 to holders of record as of May 12, 2026. source
- As of March 31, 2026, our share repurchase program had remaining authorized funds of $13.2 billion. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -17.9% | In April 2026, the Board authorized a new $20.0 billion share repurchase program with no expiration date. |
| cash | negative | realized | -16.2% | Net cash used in financing activities for the six months ended March 31, 2026: $(15,396) million. |
| cash | negative | committed | -11.8% | In April 2025, the Board authorized a $30.0 billion share repurchase program; as of March 31, 2026 remaining authorized funds were $13.2… |
| cash | negative | realized | -2.7% | Dividends paid for the six months ended March 31, 2026: $(2,579) million. |
| cash | negative | realized | -1.4% | For the three months ended March 31, 2026, cash dividends declared and paid: $1,286 million. |
| liability | negative | committed | — | On April 28, 2026, the Board declared a quarterly cash dividend of $0.67 per class A common share payable on June 1, 2026 to holders of… |
| liability | negative | committed | — | On April 28, 2026, our board of directors declared a quarterly cash dividend of $0.67 per share of class A common stock. |