Visa Deposits $250M into Litigation Escrow, Adjusting Class B Share Conversion Rates

Visa Inc. announced it has authorized a $250 million deposit into its U.S. litigation escrow account. This action is part of the company's U.S. retrospective responsibility plan and triggers a dilution of its Class B common stock through a downward adjustment of the conversion rates to Class A common stock, effective June 25, 2026. This adjustment has a similar effect on earnings per share as a share repurchase.

Key Details

• Deposit Amount: $250 million was deposited into the U.S. litigation escrow account on June 24, 2026.
• Conversion Rate Adjustments: The conversion rates for Class B shares to Class A shares were decreased as follows:
• Class B-1: from 1.5475 to 1.5445
• Class B-2: from 1.5075 to 1.5014
• Class B-3: from 1.5075 to 1.4953
• Share Count Impact: The adjustment reduced the as-converted Class B common stock share count by a total of approximately 749,815 shares across all Class B series.