V · 10-Q · 2026Q2 · Full report
Outstanding Indebtedness (Senior Notes)
VISA INC. · 2026-07-29 · Importance 64 · Surprise 42 · In source text
Visa issued $3.0 billion of fixed-rate senior notes in February 2026, with maturities ranging from three to ten years. During the nine months ended June 30, 2026, Visa repaid $5.6 billion of senior-note principal at maturity. A further $1.5 billion senior-note payment is due in April 2027, and management stated that sufficient liquidity is available for the payment.
Key facts
- In February 2026, Visa issued fixed-rate senior notes in a public offering in an aggregate principal amount of $3.0 billion with maturities ranging between 3 and 10 years.
- During the nine months ended June 30, 2026, Visa repaid $5.6 billion of principal upon maturity of senior notes.
- A principal payment on Visa's senior notes of $1.5 billion is due in April 2027.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| liability | positive | realized | +5.6% | During the nine months ended June 30, 2026, Visa repaid $5.6 billion of principal upon maturity of senior notes. |
| cash | negative | realized | -5.6% | During the nine months ended June 30, 2026, Visa repaid $5.6 billion of principal upon maturity of senior notes. |
| liability | negative | realized | -3.0% | In February 2026, Visa issued fixed-rate senior notes in a public offering in an aggregate principal amount of $3.0 billion with… |
| cash | positive | realized | +3.0% | In February 2026, Visa issued fixed-rate senior notes in a public offering in an aggregate principal amount of $3.0 billion with… |
| liability | negative | committed | -1.3% | A principal payment on Visa's senior notes of $1.5 billion is due in April 2027. |