Visa Adjusts Stock Conversion Rates After $405M Litigation Deposit

Visa Inc., a global payments technology company, made an adjustment to its stock conversion rates after depositing $405 million into a U.S. litigation escrow account on September 18, 2026.

The deposit triggered automatic dilution of Visa's class B-1, B-2, and B-3 common stock held mainly by U.S. financial institutions, reducing their conversion rates to class A common stock.

The adjustments mimic the impact of share repurchases on earnings per share by reducing the as-converted share counts for these classes, effectively aligning them with Visa's capital structure and litigation funding framework.