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 — Series B convertible preferred stock into Class A (x) (×)
Visa Conversion rate: 0.58× in Q3 FY26, down 41.5% from a year earlier. That is the lowest of the 26 quarters on record here.
Latest, Q3 FY26
0.58
Period ended Jun 30, 2026
Change on a year earlier
-41.5%
1.00 in Q3 FY25
History
26 quarters
Since Q4 FY19
Sources
26
Documents cited below
Where the Q3 FY26 figure comes from
Source: Visa Form 10-Q (2026-06-30) ↗
Quarterly history
Hover a value to see the sentence it was read from; calculated values show their formula
| Period | Ended | Conversion rate — Series B convertible preferred stock into Class A (x) (×) | Year on year | Source |
|---|---|---|---|---|
| Q3 FY26 | Jun 30, 2026 | 0.58 | -41.5% | Visa Form 10-Q (2026-06-30) ↗ |
| Q2 FY26 | Mar 31, 2026 | 0.60 | -40.2% | Visa Form 10-Q (2026-03-31) ↗ |
| Q1 FY26 | Dec 31, 2025 | 0.60 | -40.2% | Visa Form 10-Q (2025-12-31) ↗ |
| Q4 FY25 | Sep 30, 2025 | 0.67 | -33.3% | Visa Form 10-Q (2025-09-30) ↗ |
| Q3 FY25 | Jun 30, 2025 | 1.00 | -63.1% | Visa Form 10-Q (2025-06-30) ↗ |
| Q2 FY25 | Mar 31, 2025 | 1.00 | -65.7% | Visa Form 10-Q (2025-03-31) ↗ |
| Q1 FY25 | Dec 31, 2024 | 1.00 | -65.7% | Visa Form 10-Q (2024-12-31) ↗ |
| Q4 FY24 | Sep 30, 2024 | 1.00 | -65.8% | Visa Form 10-K (2024-09-30) ↗ |
| Q3 FY24 | Jun 30, 2024 | 2.70 | -8.1% | Visa Form 10-Q (2024-06-30) ↗ |
| Q2 FY24 | Mar 31, 2024 | 2.90 | -1.9% | Visa Form 10-Q (2024-03-31) ↗ |
| Q1 FY24 | Dec 31, 2023 | 2.90 | -1.9% | Visa Form 10-Q (2023-12-31) ↗ |
| Q4 FY23 | Sep 30, 2023 | 2.94 | -1.1% | Visa Form 10-K (2023-09-30) ↗ |
| Q3 FY23 | Jun 30, 2023 | 2.94 | -51.5% | Visa Form 10-Q (2023-06-30) ↗ |
| Q2 FY23 | Mar 31, 2023 | 2.96 | -52.8% | Visa Form 10-Q (2023-03-31) ↗ |
| Q1 FY23 | Dec 31, 2022 | 2.96 | -52.8% | Visa Form 10-Q (2022-12-31) ↗ |
| Q4 FY22 | Sep 30, 2022 | 2.97 | -53.0% | Visa Form 10-K (2022-09-30) ↗ |
| Q3 FY22 | Jun 30, 2022 | 6.06 | -4.2% | Visa Form 10-Q (2022-06-30) ↗ |
| Q2 FY22 | Mar 31, 2022 | 6.27 | -1.5% | Visa Form 10-Q (2022-03-31) ↗ |
| Q1 FY22 | Dec 31, 2021 | 6.27 | -1.5% | Visa Form 10-Q (2021-12-31) ↗ |
| Q4 FY21 | Sep 30, 2021 | 6.32 | -1.0% | Visa Form 10-K (2021-09-30) ↗ |
| Q3 FY21 | Jun 30, 2021 | 6.32 | -50.5% | Visa Form 10-Q (2021-06-30) ↗ |
| Q2 FY21 | Mar 31, 2021 | 6.37 | – | Visa Form 10-Q (2021-03-31) ↗ |
| Q1 FY21 | Dec 31, 2020 | 6.37 | – | Visa Form 10-Q (2020-12-31) ↗ |
| Q4 FY20 | Sep 30, 2020 | 6.39 | -50.6% | Visa Form 10-Q (2020-09-30) ↗ |
| Q3 FY20 | Jun 30, 2020 | 12.78 | – | Visa Form 10-Q (2020-06-30) ↗ |
| Q4 FY19 | Sep 30, 2019 | 12.94 | – | Visa Form 10-Q (2019-09-30) ↗ |
Cite this data
StockData. (2026). Visa Conversion rate (×), quarterly Q4 FY19–Q3 FY26 [Data set]. Compiled from Visa SEC filings and investor materials. https://stockdatahq.com/stocks/v/kpis/conv-pref-b
See every metric in the Visa KPI table. Data updated Oct 24, 2026.