Visa litigation accrual falls 46% to $1.3B as interchange settlements advance; revenue up 15%

Filed July 29, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 30, 2025 · ~2 min read

Key Changes

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  Total litigation accrual decreased 46% to $1.3B (from $2.4B) as Visa paid out $3.1B in settlements during the nine months, primarily for interchange MDL opt-out merchants now covering 95% of affected volume (up from 82%).

  Legal Proceedings: litigation accrual verify on EDGAR →
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  Net revenue growth accelerated to 15% ($ 3,033, nine months) from 11% prior year, driven by nominal payments volume growth doubling to 10-11% and cross-border volume up 14-15%. Value-added services revenue rose 32-33%, up from 22-28%.

  MD&A: revenue growth verify on EDGAR →
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  Interchange MDL Injunctive Relief Class settlement received preliminary approval June 9, 2026; final approval motion filed July 15. Securities class action dismissed without leave to amend June 29, 2026.

  Legal Proceedings: MDL settlement progress verify on EDGAR →