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 C convertible preferred stock into Class A (x) (×)
Visa Conversion rate: 0.71× in Q3 FY26, down 60.0% from a year earlier. That is the lowest of the 26 quarters on record here.
Latest, Q3 FY26
0.71
Period ended Jun 30, 2026
Change on a year earlier
-60.0%
1.78 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 C convertible preferred stock into Class A (x) (×) | Year on year | Source |
|---|---|---|---|---|
| Q3 FY26 | Jun 30, 2026 | 0.71 | -60.0% | Visa Form 10-Q (2026-06-30) ↗ |
| Q2 FY26 | Mar 31, 2026 | 0.72 | -59.8% | Visa Form 10-Q (2026-03-31) ↗ |
| Q1 FY26 | Dec 31, 2025 | 0.72 | -59.8% | Visa Form 10-Q (2025-12-31) ↗ |
| Q4 FY25 | Sep 30, 2025 | 0.76 | -57.2% | Visa Form 10-Q (2025-09-30) ↗ |
| Q3 FY25 | Jun 30, 2025 | 1.78 | -50.5% | Visa Form 10-Q (2025-06-30) ↗ |
| Q2 FY25 | Mar 31, 2025 | 1.78 | -50.8% | Visa Form 10-Q (2025-03-31) ↗ |
| Q1 FY25 | Dec 31, 2024 | 1.78 | -50.8% | Visa Form 10-Q (2024-12-31) ↗ |
| Q4 FY24 | Sep 30, 2024 | 1.79 | -50.8% | Visa Form 10-K (2024-09-30) ↗ |
| Q3 FY24 | Jun 30, 2024 | 3.61 | -0.7% | Visa Form 10-Q (2024-06-30) ↗ |
| Q2 FY24 | Mar 31, 2024 | 3.63 | -0.2% | Visa Form 10-Q (2024-03-31) ↗ |
| Q1 FY24 | Dec 31, 2023 | 3.63 | -0.2% | Visa Form 10-Q (2023-12-31) ↗ |
| Q4 FY23 | Sep 30, 2023 | 3.63 | -0.4% | Visa Form 10-K (2023-09-30) ↗ |
| Q3 FY23 | Jun 30, 2023 | 3.63 | -46.8% | Visa Form 10-Q (2023-06-30) ↗ |
| Q2 FY23 | Mar 31, 2023 | 3.63 | -46.8% | Visa Form 10-Q (2023-03-31) ↗ |
| Q1 FY23 | Dec 31, 2022 | 3.63 | -46.8% | Visa Form 10-Q (2022-12-31) ↗ |
| Q4 FY22 | Sep 30, 2022 | 3.65 | -46.7% | Visa Form 10-K (2022-09-30) ↗ |
| Q3 FY22 | Jun 30, 2022 | 6.82 | -0.1% | Visa Form 10-Q (2022-06-30) ↗ |
| Q2 FY22 | Mar 31, 2022 | 6.83 | -0.4% | Visa Form 10-Q (2022-03-31) ↗ |
| Q1 FY22 | Dec 31, 2021 | 6.83 | -0.4% | Visa Form 10-Q (2021-12-31) ↗ |
| Q4 FY21 | Sep 30, 2021 | 6.83 | -0.4% | Visa Form 10-K (2021-09-30) ↗ |
| Q3 FY21 | Jun 30, 2021 | 6.83 | -50.2% | Visa Form 10-Q (2021-06-30) ↗ |
| Q2 FY21 | Mar 31, 2021 | 6.85 | – | Visa Form 10-Q (2021-03-31) ↗ |
| Q1 FY21 | Dec 31, 2020 | 6.85 | – | Visa Form 10-Q (2020-12-31) ↗ |
| Q4 FY20 | Sep 30, 2020 | 6.86 | -50.6% | Visa Form 10-Q (2020-09-30) ↗ |
| Q3 FY20 | Jun 30, 2020 | 13.72 | – | Visa Form 10-Q (2020-06-30) ↗ |
| Q4 FY19 | Sep 30, 2019 | 13.88 | – | 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-c
See every metric in the Visa KPI table. Data updated Oct 24, 2026.