Visa Q1 2024 10-Q Details Capital Structure, Debt Notes

Ticker: V · Form: 10-Q · Filed: 2024-01-26T00:00:00.000Z

Sentiment: neutral

Topics: earnings, debt, capital-structure, 10-Q

TL;DR

**Visa's latest 10-Q shows its capital structure and upcoming debt maturities.**

AI Summary

Visa Inc. filed its 10-Q for the quarter ending December 31, 2023, on January 26, 2024. The filing details the company's financial position, including its common stock structure with Class A, B, and C shares, and various preferred stock series. For investors, this matters because it provides a transparent look at the company's capital structure and outstanding shares as of December 31, 2023, which is crucial for understanding ownership, voting rights, and potential dilution, especially with the mention of different note series maturing in 2026, 2029, and 2034.

Why It Matters

Understanding Visa's capital structure and debt obligations is key for investors to assess financial stability and potential future shareholder returns.

Risk Assessment

Risk Level: low — The filing primarily details capital structure and does not immediately indicate new significant financial risks.

Analyst Insight

Investors should review the full 10-Q to understand the detailed financial statements and footnotes, especially regarding the specific terms and amounts of the A2026, A2029, and A2034 notes, as well as the implications of the different common stock classes on voting rights and ownership structure.

Key Numbers

2023-12-31 — Period End Date (The end date for the financial period covered by this 10-Q filing.)
2024-01-26 — Filing Date (The date the 10-Q was officially filed with the SEC.)
0001403161 — CIK (Visa Inc.'s Central Index Key, a unique identifier used by the SEC.)
2026 — A2026 Notes Maturity (Indicates the maturity year for a series of notes held by Visa Inc.)
2029 — A2029 Notes Maturity (Indicates the maturity year for another series of notes held by Visa Inc.)

Key Players & Entities

VISA INC. (company) — the filer of the 10-Q
P.O. BOX 8999 (address) — Visa's business and mail address
San Francisco (city) — Visa's business and mail city
CA (state) — Visa's business and mail state
94128-8999 (zip_code) — Visa's business and mail zip code
650-432-3200 (phone_number) — Visa's business phone number
0001403161 (identifier) — Visa's Central Index Key (CIK)
001-33977 (identifier) — Visa's SEC file number
2023-12-31 (date) — the conformed period of report end date
2024-01-26 (date) — the filed as of date

FAQ

What is the filing type and the period of report for this document?

The filing type is 10-Q, and the conformed period of report is 2023-12-31.

When was this 10-Q filing submitted to the SEC?

This 10-Q was filed as of date 2024-01-26.

What are the different classes of common stock mentioned in the filing as of January 17, 2024?

The filing mentions us-gaap:CommonClassAMember, us-gaap:CommonClassBMember, and us-gaap:CommonClassCMember as of 2024-01-17.

What are the maturity years for the specific notes mentioned in the filing?

The filing mentions notes maturing in 2026 (v:A2026NotesMember), 2029 (v:A2029NotesMember), and 2034 (v:A2034NotesMember).

What is Visa Inc.'s Central Index Key (CIK) and SEC File Number?

Visa Inc.'s CIK is 0001403161 and its SEC File Number is 001-33977.

From the Filing

0001403161-24-000016.txt : 20240126 0001403161-24-000016.hdr.sgml : 20240126 20240125181740 ACCESSION NUMBER: 0001403161-24-000016 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 79 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240126 DATE AS OF CHANGE: 20240125 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VISA INC. CENTRAL INDEX KEY: 0001403161 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 260267673 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-33977 FILM NUMBER: 24563501 BUSINESS ADDRESS: STREET 1: P.O. BOX 8999 CITY: SAN FRANCISCO STATE: CA ZIP: 94128-8999 BUSINESS PHONE: 650-432-3200 MAIL ADDRESS: STREET 1: P.O. BOX 8999 CITY: SAN FRANCISCO STATE: CA ZIP: 94128-8999 FORMER COMPANY: FORMER CONFORMED NAME: Visa Inc. DATE OF NAME CHANGE: 20070614 10-Q 1 v-20231231.htm 10-Q v-20231231 0001403161 9/30 2024 Q1 false — — — — 50 50 0001403161 2023-10-01 2023-12-31 0001403161 us-gaap:CommonClassAMember 2023-10-01 2023-12-31 0001403161 v:A2026NotesMember 2023-10-01 2023-12-31 0001403161 v:A2029NotesMember 2023-10-01 2023-12-31 0001403161 v:A2034NotesMember 2023-10-01 2023-12-31 0001403161 us-gaap:CommonClassAMember 2024-01-17 xbrli:shares 0001403161 us-gaap:CommonClassBMember 2024-01-17 0001403161 us-gaap:CommonClassCMember 2024-01-17 0001403161 2023-12-31 iso4217:USD 0001403161 2023-09-30 0001403161 us-gaap:PreferredStockMember 2023-12-31 iso4217:USD xbrli:shares 0001403161 us-gaap:PreferredStockMember 2023-09-30 0001403161 us-gaap:SeriesBPreferredStockMember 2023-12-31 0001403161 us-gaap:SeriesBPreferredStockMember 2023-09-30 0001403161 us-gaap:SeriesCPreferredStockMember 2023-12-31 0001403161 us-gaap:SeriesCPreferredStockMember 2023-09-30 0001403161 us-gaap:CommonStockMember 2023-12-31 0001403161 us-gaap:CommonStockMember 2023-09-30 0001403161 us-gaap:CommonClassAMember 2023-09-30 0001403161 us-gaap:CommonClassAMember 2023-12-31 0001403161 us-gaap:CommonClassBMember 2023-09-30 0001403161 us-gaap:CommonClassBMember 2023-12-31 0001403161 us-gaap:CommonClassCMember 2023-09-30 0001403161 us-gaap:CommonClassCMember 2023-12-31 0001403161 us-gaap:SeriesAPreferredStockMember 2023-12-31 0001403161 us-gaap:SeriesAPreferredStockMember 2023-09-30 0001403161 2022-10-01 2022-12-31 0001403161 us-gaap:CommonClassAMember 2022-10-01 2022-12-31 0001403161 us-gaap:CommonClassBMember 2023-10-01 2023-12-31 0001403161 us-gaap:CommonClassBMember 2022-10-01 2022-12-31 0001403161 us-gaap:CommonClassCMember 2023-10-01 2023-12-31 0001403161 us-gaap:CommonClassCMember 2022-10-01 2022-12-31 0001403161 us-gaap:PreferredStockMember 2023-09-30 0001403161 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-09-30 0001403161 v:RighttoRecoverforCoveredLossesMember 2023-09-30 0001403161 us-gaap:RetainedEarningsMember 2023-09-30 0001403161 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-09-30 0001403161 us-gaap:RetainedEarningsMember 2023-10-01 2023-12-31 0001403161 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-10-01 2023-12-31 0001403161 v:RighttoRecoverforCoveredLossesMember 2023-10-01 2023-12-31 0001403161 us-gaap:PreferredStockMember 2023-10-01 2023-12-31 0001403161 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-10-01 2023-12-31 0001403161 us-gaap:PreferredStockMember 2023-12-31 0001403161 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2023-12-31 0001403161 v:RighttoRecoverforCoveredLossesMember 2023-12-31 0001403161 us-gaap:RetainedEarningsMember 2023-12-31 0001403161 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 0001403161 us-gaap:PreferredStockMember 2022-09-30 0001403161 us-gaap:CommonStockIncludingAdditionalPaidInCapitalMember 2022-09-30 0001403161 v:RighttoRecoverforCoveredLossesMember 2022-09-30 0001403161 us-gaap:RetainedEarningsMember 2022-09-30 0001403161 us-gaap:AccumulatedOtherComprehensiveInc