Visa Adjusts Stock Conversion Rates After Escrow Deposit

Visa Inc. made adjustments to its stock conversion rates after depositing $405 million into a U.S. litigation escrow account on September 18, 2026.

The company's U.S. retrospective responsibility plan triggered automatic dilution of its class B-1, B-2 and B-3 common stock held mainly by U.S. financial institutions, reducing the conversion rates for these classes to class A common stock.

The adjustments mimic the impact of share repurchases on earnings per share by reducing as-converted share counts, with class B-1 decreasing by about 9,804 shares and class B-3 by 1,089,926 shares.