V: Other company developments

Item 8.01 Other Events. On June 24, 2026, Visa Inc. (the “Company”) authorized the deposit of $250 million into the U.S. litigation escrow account previously established under the Company’s U.S. retrospective responsibility plan (the “Plan”). Under the terms of the Plan, when the Company funds the U.S. litigation escrow account, the value of the Company’s class B-1, B-2, and B-3 common stock, which are held predominantly by U.S. financial institutions and their affiliates and successors, are subject to dilution through downward adjustments to the conversion rates of the class B-1 to class A common stock, class B-2 to class A common stock, and class B-3 to class A common stock. This deposit resulted in the decrease in the conversion rate applicable to the Company’s class B-1 common stock from 1.5475 to 1.5445, the decrease in the conversion rate applicable to the Company’s class B-2 common stock from 1.5075 to 1.5014, and the decrease in the conversion rate applicable to the Company's B-3 common stock from 1.5075 to 1.4953, effective as of June 25, 2026. The conversion rate adjustments have the same effect on earnings per share as repurchasing the Company’s class A common stock. Therefore the as-converted class B-1 common stock share count was reduced by approximately 6,658 from 3,373,814 to 3,367,156, the as-converted class B-2 common stock share count was reduced by approximately 2,973 from 733,661 to 730,688, and the as-converted class B-3 common stock share count was reduced by approximately 740,184 from 91,340,149 to 90,599,965. The deposit and conversion rate adjustment calculations were conducted in accordance with the Company’s certificate of incorporation currently in effect using the volume-weighted average price over the two-day pricing period from June 24, 20