V · 10-Q · 2026Q2 · Full report
Share Repurchase and Capital Return Program
VISA INC. · 2026-07-29 · Importance 71 · Surprise 60 · Contradicted
Visa’s board authorized a new $20.0 billion multi-year share repurchase program in April 2026. During the nine months ended June 30, 2026, Visa repurchased 50 million Class A shares for $16.5 billion. Remaining repurchase authorization totaled $28.4 billion at June 30, 2026. Visa also declared and paid $3.9 billion of dividends during the nine-month period and declared a quarterly Class A dividend of $0.67 per share on July 28, 2026.
Key facts
- In April 2026, Visa's board authorized a $20.0 billion share repurchase program providing multi-year flexibility.
- As of June 30, 2026, Visa's share repurchase programs had remaining authorized funds of $28.4 billion.
- For the nine months ended June 30, 2026, Visa repurchased 50 million shares of class A common stock in the open market for $16.5 billion.
- For the nine months ended June 30, 2026, Visa declared and paid $3.9 billion in dividends to holders of common and preferred stock.
- On July 28, 2026, Visa's board declared a quarterly cash dividend of $0.67 per share of class A common stock.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | committed | -24.2% | As of June 30, 2026, Visa's share repurchase programs had remaining authorized funds of $28.4 billion. |
| cash | negative | realized | -16.6% | For the nine months ended June 30, 2026, Visa repurchased 50 million shares of class A common stock in the open market for $16.5 billion. |
| cash | negative | realized | -3.9% | For the nine months ended June 30, 2026, Visa declared and paid $3.9 billion in dividends to holders of common and preferred stock. |
| liability | negative | committed | — | On July 28, 2026, Visa's board declared a quarterly cash dividend of $0.67 per share of class A common stock. |