Visa announced it has authorized a $500 million deposit into its U.S. litigation escrow account as part of its retrospective responsibility plan. This plan addresses certain covered U.S. litigation and is funded through the dilution of Class B-1 and B-2 common stock, which are primarily held by U.S. financial institutions.

Key Details

  • Escrow Deposit: The company authorized a $500 million cash deposit into the established U.S. litigation escrow account on December 23, 2025.
  • Funding Mechanism: The deposit triggers a downward adjustment to the conversion rates of Class B-1 and B-2 shares into Class A common stock, effectively diluting the Class B shares.
  • Financial Impact: The company stated this action has the same effect on earnings per share (EPS) as a repurchase of its Class A common stock.