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Visa

NYSE: V · USD

Visa debt and dilution79

Borrowings, liquidity, share count and stock-based dilution.

Total debt

USD millions

$23,858M
Jun 30, 2009 through Jun 30, 2026

Cash & equivalents

USD millions

$12,359M

Net debt

USD millions

$11,499M

Debt / equity

×

0.68×

Debt / assets

%

25.22%

Net debt / EBITDA

× · TTM

0.41×

Debt / FCF

× · TTM

1.14×

Interest coverage

× · TTM

34.79×

Current ratio

×

0.99×

Diluted shares

Million shares

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Basic shares

Million shares

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Share count growth

%

—

The reported inputs required for this metric are unavailable in the extracted statements for this period.

Share repurchases

USD millions

$4,805M

Quarterly data

Visa capital history. Each metric has its own unit. A dash means inputs are missing or the calculation is undefined.
Fiscal periodEndedTotal debtUSD millionsCash & equivalentsUSD millionsNet debtUSD millionsDebt / equity×Debt / assets%Net debt / EBITDA×Debt / FCF×Interest coverage×Current ratio×Diluted sharesMillion sharesBasic sharesMillion sharesShare count growth%Share repurchasesUSD millions
FY 2026 Q3Jun 30, 202623,85812,35911,4990.68×25.22%0.41×1.14×34.79×0.99×———4,805
FY 2026 Q2Mar 31, 202623,97612,40411,5720.67×25.22%0.42×1.13×42.34×1.09×———7,900
FY 2026 Q1Dec 31, 202521,17714,7566,4210.55×21.87%0.25×0.92×40.76×1.11×———3,725
FY 2025 Q4Sep 30, 202525,17117,1648,0070.66×25.27%0.32×1.17×40.74×1.08×———4,927
FY 2025 Q3Jun 30, 202525,13817,0928,0460.65×25.13%0.32×1.14×43.59×1.12×———4,782
FY 2025 Q2Mar 31, 202520,76211,7349,0280.55×22.36%0.36×1.01×33.65×1.08×———4,596
FY 2025 Q1Dec 31, 202420,60912,3678,2420.54×22.43%0.33×1.01×37.54×1.12×———4,011
FY 2024 Q4Sep 30, 202420,83611,9758,8610.53×22.05%0.36×1.11×36.81×1.28×———5,848
FY 2024 Q3Jun 30, 202420,60212,9477,6550.52×22.63%0.32×1.09×35.18×1.37×———4,527
FY 2024 Q2Mar 31, 202420,60312,9937,6100.51×22.3%0.33×1.04×34.51×1.4×———2,758
FY 2024 Q1Dec 31, 202320,70313,5917,1120.52×22.65%0.31×1.08×—1.45×———3,580
FY 2023 Q4Sep 30, 202320,46316,2864,1770.53×22.61%0.19×1.04×32.61×1.45×———3,751
FY 2023 Q3Jun 30, 202320,56015,5904,9700.53×23.04%0.23×1.1×—1.49×———3,041
FY 2023 Q2Mar 31, 202320,60613,8426,7640.53×23.75%0.33×1.13×—1.5×———2,194
FY 2023 Q1Dec 31, 202220,48713,3347,1530.55×23.99%0.36×1.15×—1.44×———3,115
FY 2022 Q4Sep 30, 202222,45015,6896,7610.63×26.26%0.34×1.26×34.97×1.45×———2,103
FY 2022 Q3Jun 30, 202223,79514,0479,7480.67×27.86%0.52×1.48×—1.43×———2,433
FY 2022 Q2Mar 31, 202221,02712,2998,7280.58×25.7%0.47×1.38×—1.29×———2,949
FY 2022 Q1Dec 31, 202120,92014,7206,2000.58×25.53%0.35×1.37×—1.4×———4,104
FY 2021 Q4Sep 30, 202120,97716,4874,4900.56×25.31%0.27×1.44×—1.75×———2,967
FY 2021 Q3Jun 30, 202120,99618,0342,9620.56×25.4%0.19×1.65×—2×———2,200
FY 2021 Q2Mar 31, 202120,97416,4944,4800.56×26.15%0.31×1.86×—2.12×———1,713
FY 2021 Q1Dec 31, 202021,05515,0326,0230.56×26.18%0.41×2.25×—2.12×———1,796
FY 2020 Q4Sep 30, 202024,07016,2897,7810.66×29.75%0.52×2.48×—1.91×———1,542
FY 2020 Q3Jun 30, 202020,87913,8986,9810.59×26.81%0.45×1.8×—1.55×———1,069
FY 2020 Q2Mar 31, 202017,8929,7408,1520.52×24.57%0.5×1.5×—1.25×———3,133
FY 2020 Q1Dec 31, 201916,6888,7687,9200.47×22.32%0.5×1.33×—1.27×———2,370
FY 2019 Q4Sep 30, 201916,7297,8388,8910.48×23.05%0.57×1.39×—1.56×———2,127
FY 2019 Q3Jun 30, 2019—7,912——————1.69×———2,149
FY 2019 Q2Mar 31, 201916,6307,6488,9820.49×23.8%0.63×1.41×—1.62×———1,938
FY 2019 Q1Dec 31, 201816,6338,2898,3440.49×23.21%0.6×1.33×—1.5×———2,393
FY 2018 Q4Sep 30, 201816,6308,1628,4680.49×24.02%0.62×1.39×—1.61×———1,588
FY 2018 Q3Jun 30, 201816,6278,5058,1220.5×24.39%0.61×1.48×—1.69×———1,754
FY 2018 Q2Mar 31, 201816,6248,1428,4820.49×24.08%0.63×1.49×—1.94×———2,072
FY 2018 Q1Dec 31, 201716,6218,1388,4830.5×24.75%0.66×1.89×—2.07×———1,778
FY 2017 Q4Sep 30, 201718,3679,8748,4930.56×27.02%0.67×2.16×—1.9×———1,721
FY 2017 Q3Jun 30, 201715,8917,4378,4540.5×24.83%0.7×1.93×—1.65×————
FY 2017 Q2Mar 31, 201715,8886,4279,4610.52×25.13%1×3.13×—1.52×————
FY 2017 Q1Dec 31, 201616,4515,82410,6270.52×25.96%1.17×2.97×—1.42×————
FY 2016 Q4Sep 30, 201615,8825,61910,2630.48×24.8%1.22×3.14×—1.78×————
FY 2016 Q3Jun 30, 201615,8795,8879,9920.48×24.86%1.25×3.66×—1.85×————
FY 2016 Q2Mar 31, 201615,87615,943-670.54×29.22%-0.01×2.56×—4.74×———1,750
FY 2016 Q1Dec 31, 201515,87712,8373,0400.54×28.88%0.31×2.49×—4.76×———2,015
FY 2015 Q4Sep 30, 201503,518-3,5180×0%-0.37×0×—2.03×———0
FY 2015 Q3Jun 30, 2015—2,147——————1.74×———1,055
FY 2015 Q2Mar 31, 2015—2,039——————1.86×———1,052
FY 2015 Q1Dec 31, 2014—2,085——————1.7×———803
FY 2014 Q4Sep 30, 2014—1,971——————1.59×———756
FY 2014 Q3Jun 30, 2014—2,058——————1.7×———1,152
FY 2014 Q2Mar 31, 2014—1,820——————1.71×———1,119
FY 2014 Q1Dec 31, 2013—2,121——————1.77×———1,091
FY 2013 Q4Sep 30, 2013—2,186——————1.8×———1,311
FY 2013 Q3Jun 30, 2013—1,453——————1.89×———981
FY 2013 Q2Mar 31, 2013—1,377——————1.95×———1,820
FY 2013 Q1Dec 31, 2012—1,334——————1.97×———1,253
FY 2012 Q4Sep 30, 2012—2,074——————1.48×———174
FY 2012 Q3Jun 30, 2012—1,558——————1.39×———461
FY 2012 Q2Mar 31, 2012—2,042——————2.87×———0
FY 2012 Q1Dec 31, 2011—1,942——————2.82×———75
FY 2011 Q4Sep 30, 2011—2,127—————170.5×2.66×———424
FY 2011 Q3Jun 30, 2011353,600-3,5650×0.1%-0.65×0.01×—2.69×———1,064
FY 2011 Q2Mar 31, 2011373,512-3,4750×0.11%-0.66×0.01×—2.77×———230
FY 2011 Q1Dec 31, 2010413,684-3,6430×0.12%-0.73×0.01×—2.54×———306
FY 2010 Q4Sep 30, 2010443,867-3,8230×0.13%-0.79×0.02×63.74×2.5×———336
FY 2010 Q3Jun 30, 2010475,205-5,1580×0.14%-1.12×0.03×52.99×2.83×———0
FY 2010 Q2Mar 31, 2010504,560-4,5100×0.16%-1.06×0.11×40.71×2.58×———232
FY 2010 Q1Dec 31, 2009534,160-4,1070×0.17%———2.41×———432
FY 2009 Q4Sep 30, 2009564,617-4,5610×0.17%-1.21×0.22×30.77×2.08×———0
FY 2009 Q3Jun 30, 2009984,200-4,1020×0.3%———2.16×————
Sources and calculations

Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.

Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.

The SBC option subtracts reported share-based compensation from FCF as an economic-cost scenario. Missing SBC never becomes zero.

Debt uses reported borrowings, with overlapping concepts treated as alternatives. Cash excludes restricted cash and short-term investments. Dilution compares split-normalized weighted average basic shares year over year. Share buyback spending does not by itself measure shares retired.

Market prices: Yahoo Finance · V, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.

Total debt
Reported borrowing balances. Uses an aggregate including current maturities, or current plus noncurrent debt. Adds separately disclosed short-term borrowings, with commercial paper as a fallback, unless the selected current/aggregate concept already includes them. Finance leases are included when part of the reported debt concept; undisclosed components are not estimated.
Cash & equivalents
Unrestricted reported cash and cash equivalents. Excludes short-term investments and restricted cash.
Net debt
Total debt − cash and equivalents. Negative means net cash.
Debt / equity
Total debt / equity including noncontrolling interests. Nonpositive equity yields unavailable.
Debt / assets
Total debt / total assets × 100.
Net debt / EBITDA
Period-end net debt / (TTM operating income + TTM depreciation and amortization). Negative net debt is retained.
Debt / FCF
Period-end reported debt / positive TTM free cash flow. Reflects the selected reported capex scope and SBC option.
Interest coverage
TTM operating income / positive TTM interest expense. IFRS finance costs can include more than interest.
Current ratio
Current assets / positive current liabilities.
Diluted shares
Reported weighted average diluted shares, normalized for subsequent recorded stock splits. Fourth-quarter counts use a day-weighted annual/nine-month reconstruction where possible.
Basic shares
Reported weighted average basic shares, normalized for subsequent recorded stock splits.
Share count growth
Year-over-year change in split-normalized weighted average basic shares × 100. A dilution proxy; negative means a lower share count.
Share repurchases
Reported cash payments for repurchase of common shares. This is spending, not a buyback yield.