Visa Adjusts Class B Stock Conversion Rates After $500M Litigation Escrow Deposit

Visa 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. This action, part of the company's retrospective responsibility plan, has an effect on earnings per share equivalent to a stock repurchase.

Key Details

• Escrow Deposit: $500 million deposited into the U.S. litigation escrow account on December 23, 2025.
• New Conversion Rates: Effective December 23, 2025, the Class B-1 rate was adjusted to 1.5491 (from 1.5549) and the Class B-2 rate was adjusted to 1.5108 (from 1.5223).
• Share Count Impact: The adjustment reduced the as-converted Class B-1 share count by approximately 27,782 and the Class B-2 share count by approximately 1,382,832.