Visa Inc.

Company2 list appearances

**Identity and History** Visa Inc. (NYSE: V; CIK: 0001403161) is a Delaware-incorporated multinational digital payments technology corporation headquartered in San Francisco, California (operating its global headquarters campus at 300 Toni Stone Crossing in Mission Rock, San Francisco, with its corporate mailing address at P.O. Box 8999, San Francisco). The network's origins trace to September 18, 1958, when Bank of America launched the BankAmericard consumer credit card program in Fresno, California. Under founder Dee Hock, the program evolved into a cooperative bank association before reorganizing into a unified Delaware corporate entity—Visa Inc.—incorporated in May 2007 ahead of its March 2008 initial public offering on the New York Stock Exchange, and subsequently consolidating Visa Europe Limited in 2016. **What the Company Does** Visa operates one of the world's largest retail electronic funds transfer networks, connecting consumers, merchants, financial institutions, businesses, strategic partners, and government entities across more than 200 countries and territories. Crucially, Visa is not a bank: it does not issue cards, extend credit, or set consumer interest rates and fees. Instead, it provides transaction processing (authorization, clearing, and settlement) and earns revenue primarily from payments volume, processed transactions, cross-border flows, and value-added services. Its gross revenue streams comprise Service revenue, Data processing revenue, International transaction revenue, and Other revenue, offset by Client incentives paid under long-term contracts with financial institution and merchant partners. Beyond core consumer credit, debit, and prepaid rails, Visa operates real-time push-payment infrastructure (Visa Direct), cross-border B2B treasury and FX APIs (including subsidiary Currencycloud), and high-growth Value-Added Services spanning cybersecurity, fraud prevention, issuing solutions, acceptance, and open banking/advisory tools. **Scale and Market Position** In fiscal year 2026 (ended September 30, 2026), Visa generated $45,903 million ($45.9 billion) in GAAP net revenue—up 15% from $40,000 million in FY2025—and $23,504 million ($23.5 billion) in GAAP net income ($12.32 diluted GAAP EPS; $25.3 billion or $13.27 per share on a non-GAAP basis). Across FY2026, Visa processed 281.3 billion transactions (up 9% year-over-year), with Value-Added Services revenue surpassing $14 billion. Disaggregated FY2026 revenue components included $23.4 billion in data processing revenue, $19.9 billion in service revenue, $15.3 billion in international transaction revenue, and $5.7 billion in other revenue, net of $18.3 billion in client incentives. As of September 30, 2026, Visa employed approximately 34,800 people worldwide and held $12,938 million in cash and cash equivalents ($14.2 billion including investment securities) against $19,355 million in long-term debt ($22.96 billion total debt including current maturities). By November 11, 2026, Visa carried a market capitalization of $802.72 billion (with an enterprise value of $806.12 billion as of November 5–7, 2026), ranking among the 15 largest U.S. public companies and serving as a component of the Dow Jones Industrial Average, S&P 100, and S&P 500. **Leadership and Ownership** Ryan McInerney serves as Chief Executive Officer and Director (having succeeded Alfred F. Kelly Jr. as CEO in February 2023), alongside Chief Financial Officer Chris Suh. John F. Lundgren serves as Independent Chair of Visa's 12-member Board of Directors (effective January 2024, succeeding Kelly's tenure as Executive Chairman). Visa maintains a multi-class equity capital structure consisting of publicly traded Class A common stock (1.70 billion shares outstanding as of Q3 FY2026; 1.89 billion total diluted/converted common share equivalents as of November 2026), alongside unlisted Class B (subdivided into Class B-1, B-2, and B-3 shares following Visa's 2024 Certificate of Incorporation exchange offer amendments) and Class C common stock, plus Series A, B, and C preferred stock originally tied to U.S. litigation escrow obligations and the Visa Europe acquisition. Institutional investors dominate Class A ownership; as of June 30, 2026, The Vanguard Group was the largest institutional shareholder at 8.6%. **Notable Recent Developments** * ** Class B Common Stock Exchange Program (2024–2026):** Following shareholder approval in January 2024 of Visa's Eighth Restated Certificate

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