Every material Form 8-K Visa filed with the SEC in 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Visa reported fiscal fourth-quarter 2025 net revenue of $10.7 billion, up 12%, with GAAP net income down 4% to $5.1 billion, mainly due to an $899 million litigation provision. The board also raised the quarterly dividend 14% to $0.670 per share, payable December 1, 2025.
Net revenue of $10.7 billion for the quarter ended September 30, 2025, up 12%
GAAP net income of $5.1 billion, or $2.62 per share, down 4% and 1%; includes $899 million litigation provision
Non-GAAP earnings per share of $2.98, up 10%
Quarterly dividend raised 14% to $0.670 per share, payable December 1, 2025, to holders of record as of November 12, 2025
Visa's board increased its size from 11 to 12 members and elected Bill Ready, chief executive officer of Pinterest, effective September 29, 2025. Mr. Ready was also appointed to the Finance and Nominating and Corporate Governance Committees, and the board determined he is independent.
Bill Ready elected to Visa's board effective September 29, 2025, with a term expiring at the 2026 Annual Meeting of Shareholders
Board increased from 11 to 12 members
Mr. Ready appointed to the Finance Committee and Nominating and Corporate Governance Committee
Mr. Ready will receive standard non-employee director compensation and will enter into an indemnification agreement
Visa reported fiscal third-quarter 2025 results for the quarter ended June 30, 2025, with net revenue up 14% to $10.2 billion and GAAP net income up 8% to $5.3 billion. GAAP results absorbed a $615 million litigation provision, which is excluded from the company's non-GAAP figures, where EPS rose 23% to $2.98. The board also declared a quarterly dividend of $0.590 per share, payable September 2, 2025.
Net revenue of $10.2 billion, up 14%; payments volume up 8% and cross-border volume up 12% in constant dollars
GAAP EPS of $2.69, up 12%; non-GAAP EPS of $2.98, up 23%
Special item of $615 million for a litigation provision tied to the interchange multidistrict litigation and other legal matters
Quarterly dividend of $0.590 per share payable September 2, 2025, to holders of record as of August 12, 2025
Visa reported fiscal second-quarter 2025 results for the period ended March 31, 2025. Net revenue rose 9% to $9.6 billion, but GAAP net income fell 2% to $4.6 billion because of a $992 million litigation provision, while non-GAAP earnings per share rose 10% to $2.76. The board also authorized a new $30.0 billion multi-year share repurchase program and declared a quarterly dividend of $0.590 per share.
Net revenue of $9.6 billion, up 9% (11% on a constant-dollar basis)
GAAP net income of $4.6 billion, down 2%; GAAP EPS of $2.32, up 1%, including a $992 million litigation provision
Non-GAAP net income of $5.4 billion, or $2.76 per share, up 6% and 10%
New $30.0 billion share repurchase program; $0.590 dividend payable June 2, 2025 to holders of record as of May 13, 2025
Visa reported fiscal first-quarter 2025 results for the quarter ended December 31, 2024, with net revenue of $9.5 billion, up 10% from a year earlier. GAAP net income was $5.1 billion, or $2.58 per share, up 8% per share, while non-GAAP EPS was $2.75, up 14%. The board also declared a quarterly dividend of $0.590 per share, payable March 3, 2025 to holders of record as of February 11, 2025.
Net revenue of $9.5 billion rose 10% (11% on a constant-dollar basis); payments volume grew 9% and processed transactions grew 11%.
GAAP net income of $5.1 billion rose 5%; GAAP EPS of $2.58 rose 8%.
Results included $213 million of severance costs and $75 million of net equity investment losses.
Visa repurchased about 13 million class A shares for $3.9 billion in the quarter and had $9.1 billion of remaining repurchase authorization as of December 31, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Visa filing is on SEC EDGAR ↗. 8-K briefs of other companies →