Visa Inc.

NYSE-V

Operating Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Net Income	20,058	20,286	19,886	19,972	19,743	19,106
Net Income
Depreciation & Amortization	1,220	1,178	1,125	1,069	1,034	1,007
Depreciation and Amortization
Share-Based Compensation Expense	897	894	882	865	850	836
Share-Based Compensation
Other Adjustments	16,056	15,661	14,778	14,304	13,755	13,233
Client Incentives
Fair Value Adjustment for the Visa Europe Put Option
Excess Tax Benefit for Share-Based Compensation
Deferred Income Taxes
Right to Recover for Covered Losses Recorded in Equity
VE Territory Covered Gains
Charitable Contribution of Visa Inc. Shares
Gains on Equity Investments, Net
Other
Changes in Trade Receivables	-542	-357	-427	-106	-237	-236
Accounts Receivable
Changes in Accounts Payable	67	122	89	73	109	58
Accounts Payable
Changes in Accrued Expenses	930	1	231	81	-704	251
Accrued and Other Liabilities
Accrued Litigation
Changes in Other Operating Activities	-15,627	-14,300	-14,675	-14,526	-14,600	-14,042
Settlement Receivable
Client Incentives
Other Assets
Settlement Payable
Total Change in Operating Assets and Liabilities
Cash from Operating Activities	23,059	23,485	21,889	21,732	19,950	20,213
Net Cash Provided by Operating Activities

Investing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Capital Expenditure	-1,482	-1,402	-1,381	-1,335	-1,257	-1,253
Purchases of Property, Equipment and Technology
Proceeds from Sale of Property, Plant & Equipment	—	—	—	—	—	—
Proceeds from Sales of Property, Equipment and Technology
Purchases of Investments	-68	-253	-241	-2,304.5	-4,674	-6,048
Purchases of Investment Securities
Purchases of Other Investments
Proceeds from Sale of Investments	3,024	3,615	5,136	5,918	5,013	4,616
Proceeds from Maturities and Sales of Investment Securities
Proceeds / Distributions from Other Investments
Payments for Business Acquisitions	-887	—	—	—	-915	—
Acquisitions, Net of Cash and Restricted Cash Acquired
Other Investing Activities	121	-85	-71	-83	-93	-98
Proceeds from Settlement of Derivative Instruments
Other Investing Activities
Cash from Investing Activities	708	988	1,799	753	-1,926	-3,698
Net Cash Provided by Investing Activities

Financing Activities	Sep '25	Jun '25	Mar '25	Dec '24	Sep '24	Jun '24
Issuance of Long-Term Debt	3,924	—	—	—	—	—
Proceeds from Issuance of Senior Notes
Repayments of Long-Term Debt	—	—	—	—	—	—
Repayments of Debt
Net Issuance / (Repayments) of Long-Term Debt	3,924	—	—	—	—	—
Issuance of Common Shares	396	409	398	358	335	338
Proceeds from Stock Issued Under Equity Plans
Repurchases of Common Shares	-18,316	-19,237	-18,982	-17,144	-16,713	-14,616
Repurchases of Class a Common Stock
Treasury Stock-Class C Common Stock
Net Issuance / (Repurchases) of Common Shares	-17,920	-18,828	-18,584	-16,786	-16,378	-14,278
Common Share Dividends Paid	-4,634	-4,529	-4,431	-4,327	-4,217	-4,104
Dividends Paid
Other Financing Activities	-333	-599	-500	-616	-38	238
Debt Issuance Costs
Payments from Litigation Escrow account-U.S. Retrospective Responsibility Plan
Payment of Deferred Purchase Consideration Related to the Visa Europe Acquisition
Taxes Paid Related to Stock Issued Under Equity Plans
Excess Tax Benefit for Share-Based Compensation
Payments to Settle Derivative Instruments
Other Financing Activities
Cash from Financing Activities	-18,963	-20,032	-23,515	-21,729	-20,633	-18,144
Net Cash Provided by Financing Activities