V · 10-Q · 2026Q1 · Full report

Litigation Provision and Accruals

VISA INC. · 2026-04-29 · Importance 64 · Surprise 42 · Contradicted

The filing discloses accrued litigation activity with large cash payments and changes in balances during the six months ended March 31, 2026, including payments for legal matters totaling $3,110 million and an ending accrued litigation balance of $2,076 million. Management states the litigation accrual is an estimate based on management’s assessment, case specifics and advice of counsel and that some proceedings involve complex claims with substantial uncertainties and unascertainable damages. The Company warns that future judgments, fines or settlements could have a material adverse effect on financial position, results of operations or cash flows. Visa also notes the litigation accrual determination process (including its litigation committee) and that amounts for certain matters are not estimable.

Key facts

• Litigation provision recorded in operating expenses for the three months ended March 31, 2026: $1,000 million. source
• Accrued litigation as of March 31, 2026: $3,033 million. source
• Litigation provision decreased over the three and six-month prior-year comparable periods primarily due to lower accruals related to the U.S. covered litigation, partially offset by higher accruals related to uncovered legal matters. source

Impact estimates