Visa Inc.
Visa Inc. Announces New Conversion Rates for Class B Common Stock
Summary
On September 26, 2025, Visa Inc. announced new conversion rates for its class B-1 and B-2 common stock, following a $500 million deposit into its U.S. litigation escrow account on September 25, 2025. The conversion rate for class B-1 stock decreased from 1.5609 to 1.5549, and for class B-2 stock from 1.5342 to 1.5223, effective September 25, 2025. These adjustments reduce the as-converted share counts by approximately 28,885 for class B-1 and 1,437,724 for class B-2, calculated using the volume-weighted average price over a 5-day period. The changes were made in accordance with the Company's certificate of incorporation.
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About Visa Inc.
Visa Inc. is a preeminent financial services corporation specializing in facilitating electronic payments globally. Visa operates one of the world's largest retail electronic payment networks and serves as a critical infrastructure provider within the financial ecosystem. The company's primary function is to facilitate global commerce through the transfer of value and information among financial institutions, businesses, consumers, and governments. One of Visa's notable features is its extensive network, which connects millions of merchants and cardholders, enabling secure and efficient transactions. Visa's technology and innovation in payment systems play a pivotal role in digital and online transactions, impacting various sectors, including retail, hospitality, and e-commerce. Visa's market significance lies in its ability to provide secure and reliable payment processing and its role in enabling the shift towards a cashless society. It is instrumental in driving financial inclusion, offering payment solutions that cater to diverse segments, from individuals to large enterprises. Headquartered in Foster City, California, Visa continues to lead the industry by embracing new technologies and expanding its payment solutions across emerging markets worldwide.
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