Visa Inc.
VNYSEServices-Business Services, NECFiscal year ends September 30
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 29, 2026Score 11/30107% above fair value
$425.51+11.92 (+2.88%)
Close on Nov 2, 2026Market cap $759.29BP/E –Yield 0.14%
Visa Conversion rate by Quarter
Conversion rate — Class B-1 common stock into Class A (x, through Q4 FY26 Sept 18, 2026) (×)
Visa Conversion rate: 1.54× in Q4 FY26, down 1.0% from a year earlier. That is the lowest of the 44 quarters on record here.
Latest, Q4 FY26
1.54
Period ended Sep 30, 2026
Change on a year earlier
-1.0%
1.55 in Q4 FY25
History
44 quarters
Since Q1 FY16
Sources
44
Documents cited below
Where the Q4 FY26 figure comes from
“This deposit resulted in the decrease in the conversion rate applicable to the Company’s class B-1 common stock from 1.5445 to 1.5400, the decrease in the conversion rate applicable to the Company’s class B-2 common stock from 1.5014 to 1.4924, and the decrease in the conversion rate applicable to the Company's class B-3 common stock from 1.4953 to 1.4773, effective as of September 18, 2026.”
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Conversion rate — Class B-1 common stock into Class A (x, through Q4 FY26 Sept 18, 2026) (×) | Year on year | Source |
|---|---|---|---|---|
| Q4 FY26 | Sep 30, 2026 | 1.54 | -1.0% | Visa Form 8-K (filed 2026-09-23) ↗ |
| Q3 FY26 | Jun 30, 2026 | 1.54 | -1.1% | Visa Form 10-Q (2026-06-30) ↗ |
| Q2 FY26 | Mar 31, 2026 | 1.55 | -0.9% | Visa Form 10-Q (2026-03-31) ↗ |
| Q1 FY26 | Dec 31, 2025 | 1.55 | -1.0% | Visa Form 10-Q (2025-12-31) ↗ |
| Q4 FY25 | Sep 30, 2025 | 1.55 | -0.7% | Visa Form 10-Q (2025-09-30) ↗ |
| Q3 FY25 | Jun 30, 2025 | 1.56 | -1.7% | Visa Form 10-Q (2025-06-30) ↗ |
| Q2 FY25 | Mar 31, 2025 | 1.56 | -1.7% | Visa Form 10-Q (2025-03-31) ↗ |
| Q1 FY25 | Dec 31, 2024 | 1.57 | -1.4% | Visa Form 10-Q (2024-12-31) ↗ |
| Q4 FY24 | Sep 30, 2024 | 1.57 | -1.4% | Visa Form 10-K (2024-09-30) ↗ |
| Q3 FY24 | Jun 30, 2024 | 1.59 | -0.2% | Visa Form 10-Q (2024-06-30) ↗ |
| Q2 FY24 | Mar 31, 2024 | 1.59 | -0.7% | Visa Form 10-Q (2024-03-31) ↗ |
| Q1 FY24 | Dec 31, 2023 | 1.59 | -0.7% | Visa Form 10-Q (2023-12-31) ↗ |
| Q4 FY23 | Sep 30, 2023 | 1.59 | -1.1% | Visa Form 10-K (2023-09-30) ↗ |
| Q3 FY23 | Jun 30, 2023 | 1.59 | -1.0% | Visa Form 10-Q (2023-06-30) ↗ |
| Q2 FY23 | Mar 31, 2023 | 1.60 | -1.2% | Visa Form 10-Q (2023-03-31) ↗ |
| Q1 FY23 | Dec 31, 2022 | 1.60 | -1.2% | Visa Form 10-Q (2022-12-31) ↗ |
| Q4 FY22 | Sep 30, 2022 | 1.61 | -1.0% | Visa Form 10-K (2022-09-30) ↗ |
| Q3 FY22 | Jun 30, 2022 | 1.61 | -1.0% | Visa Form 10-Q (2022-06-30) ↗ |
| Q2 FY22 | Mar 31, 2022 | 1.62 | -0.3% | Visa Form 10-Q (2022-03-31) ↗ |
| Q1 FY22 | Dec 31, 2021 | 1.62 | -0.3% | Visa Form 10-Q (2021-12-31) ↗ |
| Q4 FY21 | Sep 30, 2021 | 1.62 | 0.0% | Visa Form 10-K (2021-09-30) ↗ |
| Q3 FY21 | Jun 30, 2021 | 1.62 | 0.0% | Visa Form 10-Q (2021-06-30) ↗ |
| Q2 FY21 | Mar 31, 2021 | 1.62 | 0.0% | Visa Form 10-Q (2021-03-31) ↗ |
| Q1 FY21 | Dec 31, 2020 | 1.62 | 0.0% | Visa Form 10-Q (2020-12-31) ↗ |
| Q4 FY20 | Sep 30, 2020 | 1.62 | 0.0% | Visa Form 10-K (2020-09-30) ↗ |
| Q3 FY20 | Jun 30, 2020 | 1.62 | -0.4% | Visa Form 10-Q (2020-06-30) ↗ |
| Q2 FY20 | Mar 31, 2020 | 1.62 | -0.4% | Visa Form 10-Q (2020-03-31) ↗ |
| Q1 FY20 | Dec 31, 2019 | 1.62 | -0.4% | Visa Form 10-Q (2019-12-31) ↗ |
| Q4 FY19 | Sep 30, 2019 | 1.62 | -0.4% | Visa Form 10-K (2019-09-30) ↗ |
| Q3 FY19 | Jun 30, 2019 | 1.63 | 0.0% | Visa Form 10-Q (2019-06-30) ↗ |
| Q2 FY19 | Mar 31, 2019 | 1.63 | -1.1% | Visa Form 10-Q (2019-03-31) ↗ |
| Q1 FY19 | Dec 31, 2018 | 1.63 | -1.1% | Visa Form 10-Q (2018-12-31) ↗ |
| Q4 FY18 | Sep 30, 2018 | 1.63 | -1.1% | Visa Form 10-K (2018-09-30) ↗ |
| Q3 FY18 | Jun 30, 2018 | 1.63 | -1.1% | Visa Form 10-Q (2018-06-30) ↗ |
| Q2 FY18 | Mar 31, 2018 | 1.65 | 0.0% | Visa Form 10-Q (2018-03-31) ↗ |
| Q1 FY18 | Dec 31, 2017 | 1.65 | 0.0% | Visa Form 10-Q (2017-12-31) ↗ |
| Q4 FY17 | Sep 30, 2017 | 1.65 | 0.0% | Visa Form 10-K (2017-09-30) ↗ |
| Q3 FY17 | Jun 30, 2017 | 1.65 | 0.0% | Visa Form 10-Q (2017-06-30) ↗ |
| Q2 FY17 | Mar 31, 2017 | 1.65 | 0.0% | Visa Form 10-Q (2017-03-31) ↗ |
| Q1 FY17 | Dec 31, 2016 | 1.65 | 0.0% | Visa Form 10-Q (2016-12-31) ↗ |
| Q4 FY16 | Sep 30, 2016 | 1.65 | – | Visa Form 10-K (2016-09-30) ↗ |
| Q3 FY16 | Jun 30, 2016 | 1.65 | – | Visa Form 10-Q (2016-06-30) ↗ |
| Q2 FY16 | Mar 31, 2016 | 1.65 | – | Visa Form 10-Q (2016-03-31) ↗ |
| Q1 FY16 | Dec 31, 2015 | 1.65 | – | Visa Form 10-Q (2015-12-31) ↗ |
Cite this data
StockData. (2026). Visa Conversion rate (×), quarterly Q1 FY16–Q4 FY26 [Data set]. Compiled from Visa SEC filings and investor materials. https://stockdatahq.com/stocks/v/kpis/conv-b1
See every metric in the Visa KPI table. Data updated Oct 24, 2026.