V · 10-Q · 2026Q1 · Full report
Outstanding Indebtedness (Senior Notes)
VISA INC. · 2026-04-29 · Importance 64 · Surprise 42 · Contradicted
In February 2026, Visa issued fixed‑rate senior notes in a public offering with aggregate principal of $3.0 billion (net proceeds approximately $3.0 billion) with maturities and coupons in the stated ranges; net proceeds may be used for general corporate purposes including refinancing existing indebtedness. As of March 31, 2026 the Company reported total debt of $24.3 billion (carrying value $23.98 billion reported) and was in compliance with related covenants. During the six months ended March 31, 2026, the Company repaid $4.0 billion of principal upon maturity of senior notes due December 2025. The filings also disclose interest rate swap fair value adjustments on a portion of outstanding notes and effective interest rates by series.
Key facts
- In February 2026, the Company issued fixed-rate senior notes in an aggregate principal amount of $3.0 billion with interest rates ranging between 3.80% and 4.70%. source
- During the six months ended March 31, 2026, the Company repaid $4.0 billion of principal upon maturity of its senior notes due December 2025. source
- Carrying value and estimated fair value of debt as of March 31, 2026 were $24.0 billion and $21.8 billion, respectively. source
- Total carrying value of debt reported on balance sheet as of March 31, 2026: $23,976 million (current maturities $1,559 million; long-term debt $22,417 million). source
- Repayments of debt for the six months ended March 31, 2026: $(4,000) million recorded in financing activities. source
- Total debt outstanding as of March 31, 2026: $24,261 million. source
- Total liabilities as of March 31, 2026: $59,388 million. source
- Total current liabilities as of March 31, 2026: $29,076 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +62.5% | Total liabilities as of March 31, 2026: $59,388 million. |
| liability | positive | realized | +4.2% | During the six months ended March 31, 2026, the Company repaid $4.0 billion of principal upon maturity of its senior notes due December… |
| liability | negative | realized | -3.2% | In February 2026, the Company issued fixed-rate senior notes in an aggregate principal amount of $3.0 billion with interest rates ranging… |
| liability | positive | realized | +3.2% | In February 2026, we issued fixed-rate senior notes in a public offering in an aggregate principal amount of $3.0 billion, with maturities… |