V · 10-Q · 2026Q2 · Full report
Litigation — Interchange MDL and Escrow
VISA INC. · 2026-07-29 · Importance 59 · Surprise 60 · In source text
For the nine months ended June 30, 2026, Visa recorded $1.1 billion of additional accruals for claims associated with the U.S. interchange multidistrict litigation. Visa deposited $875 million into the U.S. litigation escrow account, whose balance was $888 million at June 30, 2026. The additional accruals could be higher or lower than the deposits made into the escrow account.
Key facts
- For the nine months ended June 30, 2026, Visa recorded additional accruals of $1.1 billion related to the interchange multidistrict litigation.
- For the nine months ended June 30, 2026, Visa deposited $875 million into the U.S. litigation escrow account related to the interchange multidistrict litigation.
- Visa stated that deposits into the U.S. litigation escrow account may be higher or lower than additional accruals related to the interchange multidistrict litigation.
- Litigation provision decreased over the three and nine-month prior-year comparable periods primarily due to lower accruals related to the U.S. covered litigation.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -3.3% | For the nine months ended June 30, 2026, Visa recorded additional accruals of $1.1 billion related to the interchange multidistrict… |
| liability | negative | realized | -1.1% | For the nine months ended June 30, 2026, Visa recorded additional accruals of $1.1 billion related to the interchange multidistrict… |
| cash | negative | realized | -0.9% | For the nine months ended June 30, 2026, Visa deposited $875 million into the U.S. litigation escrow account related to the interchange… |
| assets | positive | realized | +0.9% | For the nine months ended June 30, 2026, Visa deposited $875 million into the U.S. litigation escrow account related to the interchange… |