维萨 2026年季度报告

FORM 10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2025 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware(State or other jurisdictionof incorporation or organization)P.O. Box 8999San Francisco, California(Address of principal executive offices) (650) 432-3200(Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of theSecurities Exchange Act of 1934 during the preceding 12months (or for such shorter period that the registrant was required tofile such reports), and (2)has been subject to such filing requirements for the past 90days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule 405 of RegulationS-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the registrant was required to submit such files).Yes☑No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company,” and “emerging growth company” in Rule12b-2 of the Exchange Act. Large accelerated filerNon-acceleratedfiler If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).Yes☐No☑ As of January22, 2026, the registrant’s shares of common stock outstanding were as follows: VISA TABLE OF CONTENTS PARTI.Financial Information Item1.Financial Statements (Unaudited)Consolidated Balance Sheets—December 31, 2025 and September 30, 2025Consolidated Statements of Operations—Three Months Ended December 31, 2025 and 2024Consolidated Statements of Comprehensive Income—Three Months Ended December 31, 2025 and2024Consolidated Statements of Changes in Equity—Three Months Ended December 31, 2025 and 2024Consolidated Statements of Cash Flows—Three Months Ended December 31, 2025 and 2024Notes to Consolidated Financial Statements (Unaudited)Item2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem3.Quantitative and Qualitative Disclosures About Market RiskItem4.Controls and Procedures PARTII.Other Information Item1.Legal ProceedingsItem1A.Risk FactorsItem2.Unregistered Sales of Equity Securities and Use of ProceedsItem3.Defaults Upon Senior SecuritiesItem4.Mine Safety DisclosuresItem5.Other InformationItem6.ExhibitsSignatures PART I. FINANCIAL INFORMATION VISACONSOLIDATED BALANCE SHEETS(UNAUDITED) VISACONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED) VISACONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(UNAUDITED) VISACONSOLIDATED STATEMENTS OF CHANGES IN EQUITY(UNAUDITED) See accompanying notes, which are an integral part of these unaudited consolidated financial statements. See accompanying notes, which are an integral part of these unaudited consolidated financial statements. VISACONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) See accompanying notes, which are an integral part of these unaudited consolidated financial statements. VISANOTES TO CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) Note 1—Summary of Significant Accounting Policies Organization.Visa Inc., together with its subsidiaries (Visa or the Company), is a global payments technology companythat facilitates secure, reliable and efficient global commerce and money movement. Visa provides transaction processingservices (primarily authorization, clearing and settlement) among consumers, issuing and acquiring financial institutions andsellers through its electronic payments network, VisaNet. Visa is focused on extending, enhancing and investing in itsproprietaryadvanced transaction processing network,VisaNet,to offer a single connection point for facilitating moneymovement to multiple endpoints through various form factors and innovative technologies across more than 200 countries andterritories. Visa is not a financial institution and does not issue cards, extend credit or set rates and fees for account holders ofVisa products. In most cases, account holder and seller relationships belong to, and are managed by, Visa’s financial institutionclients. Consolidation and basis of presentation.The accompanying unaudited consolidated financial statements include theaccounts of Visa and its consolidated entities and are presented in accordance with accounting principles generally accepted int