Visa Inc(NYSE:V) 
Visa Inc. operates as a payments technology company worldwide. The company facilitates digital payments among consumers, merchants, financial institutions, businesses, strategic partners, and government entities. It operates VisaNet, a transaction processing network that enables authorization, clear...
Website: https://www.visa.com/
Founded: 1958
Full Time Employees: 26,500 (Sep 2022)
CEO: Alfred F. Kelly
Sector: Financial Services
Industry: Credit Services
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At a glance:
- Global Leader in Digital Payment Processing: Visa operates one of the world's largest retail electronic payments networks, facilitating transactions between consumers, merchants, and financial institutions globally without directly issuing cards or lending money.
- High-Margin, Scalable Revenue Model: Revenue is primarily generated from transaction-based service, data processing, and international fees, leading to high operating margins and strong free cash flow due to its asset-light business model.
- Poised for Growth in the Cashless Economy: Visa is strategically positioned to benefit from the global shift towards digital payments, e-commerce expansion, and new payment flows (e.g., B2B, cross-border), often leveraging partnerships and technological innovation.
Bull Thesis:
- Dominant Global Payment Network: Visa's extensive global acceptance network and brand recognition provide a significant competitive advantage and high barriers to entry for competitors, ensuring continued transaction volume growth across diverse markets.
- Accelerating Global Shift to Digital Payments: The ongoing worldwide transition from cash to digital and card-based transactions, particularly in developing economies and e-commerce, directly fuels Visa's core business model and transaction volume growth for the foreseeable future.
- Highly Profitable and Scalable Business Model: Visa's asset-light, transaction-based revenue model offers exceptional operating leverage, leading to high-profit margins and robust free cash flow generation as transaction volumes increase globally without significant incremental costs.
- Significant International Growth Opportunities: Vast untapped potential exists in emerging markets where card penetration is still relatively low, offering Visa substantial long-term growth runways as these economies digitize and financial inclusion increases.
- Strategic Expansion into New Payment Verticals: Visa's proactive investments and partnerships in emerging payment technologies like Buy Now Pay Later (BNPL), cryptocurrency integration, and B2B payment solutions position it to capture new revenue streams and expand its total addressable market.
Bear Thesis:
- Growing Regulatory Pressure on Fees: Increasing global regulatory scrutiny on interchange and network fees, particularly in regions like the EU and potentially the US, poses a risk of fee caps or reductions that could compress Visa's revenue and profitability.
- Rising Competition from Alternative Payment Rails: The emergence of real-time payment networks, 'Pay by Bank' solutions, local payment schemes, and fintechs offering lower-cost transaction alternatives could erode Visa's market share and pricing power over time.
- Vulnerability to Economic Downturns: Visa's revenue is directly correlated with consumer spending and transaction volumes. A significant global economic slowdown or recession could lead to reduced discretionary spending, impacting transaction growth and overall revenue.
- Exposure to Geopolitical and Sanction Risks: As a global operator, Visa is exposed to geopolitical instability, international sanctions, and trade disputes, which can disrupt operations, restrict market access, and impact transaction volumes in affected regions.
- Persistent Cybersecurity and Data Breach Risks: Visa's role as a central payment processor makes it a high-value target for cyberattacks. A significant data breach could result in substantial reputational damage, regulatory fines, and a loss of trust among consumers and financial institutions.
Main Competitors:
- Mastercard Inc. ($MA) (Global payment network (Mastercard, Maestro, Cirrus)), Mastercard is Visa's most direct and primary competitor, operating a nearly identical global payment network. They compete fiercely for partnerships with financial institutions (issuing banks and acquiring banks), merchant acceptance, and market share in processing credit, debit, and prepaid card transactions worldwide. Both companies vie for network volume, transaction processing fees, and brand preference among consumers and businesses.
- American Express Company ($AXP) (Integrated card network and issuer (American Express cards)), American Express competes with Visa by operating its own integrated payment network and also issuing its own cards directly to consumers and businesses. Unlike Visa's four-party model, Amex operates a three-party model, allowing it to control the entire customer experience from card issuance to transaction processing. They primarily target affluent consumers and corporate clients, competing for high-value spending and merchant acceptance, often through premium rewards and customer service.
- Discover Financial Services ($DFS) (Integrated card network and issuer (Discover cards)), Discover competes with Visa by operating its own payment network and issuing its own credit cards, primarily in the United States. Similar to American Express, it's an integrated model. Discover competes for cardholders through attractive rewards programs (like cashback) and for merchant acceptance, aiming to capture a share of consumer spending that might otherwise go through Visa's network.
- PayPal Holdings, Inc. ($PYPL) (Online payment platform, digital wallet (PayPal, Venmo, Braintree)), PayPal competes with Visa by offering an alternative digital payment method, particularly for online and mobile transactions. While PayPal often relies on underlying card networks (including Visa) for funding, it can also facilitate payments directly from bank accounts or stored balances, potentially bypassing traditional card network fees for certain transactions. It competes for 'top of wallet' preference, merchant checkout integration, and overall digital payment volume, especially in e-commerce.
Moat:
Visa's significant competitive moat stems from its vast, ubiquitous, and trusted global payment network, strong brand recognition, and the powerful network effect (more users attract more merchants, and vice-versa). Competition is intense, primarily from other established card networks like Mastercard, which operates a nearly identical model, and integrated network/issuers like American Express and Discover, which offer distinct value propositions and target specific customer segments. Additionally, the rise of digital wallets and fintech innovations, exemplified by PayPal, introduces new forms of competition by offering alternative payment rails or preferred checkout experiences, challenging traditional transaction flows and fee structures, particularly in the rapidly growing online and mobile payment sectors. These competitors vie for partnerships with financial institutions, merchant acceptance, and consumer preference, often through technology innovation, rewards programs, and strategic alliances.
Income Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
net revenue | 11,230,000,000 | 10,901,000,000 | 10,724,000,000 | 10,172,000,000 | 9,594,000,000 | 9,510,000,000 | 9,617,000,000 | 8,900,000,000 | 8,775,000,000 | 8,634,000,000 | 8,609,000,000 | 8,123,000,000 | 7,985,000,000 | 7,936,000,000 | 7,787,000,000 | 7,275,000,000 | 7,189,000,000 | 7,059,000,000 | 6,559,000,000 | 6,130,000,000 | 5,729,000,000 | 5,687,000,000 | 5,101,000,000 | 4,837,000,000 | 5,854,000,000 | 6,054,000,000 | 6,137,000,000 | 5,840,000,000 | 5,494,000,000 | 5,506,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
yoy | 17.05% | 14.63% | 11.51% | 14.29% | 9.33% | 10.15% | 11.71% | 9.57% | 9.89% | 8.80% | 10.56% | 11.66% | 11.07% | 12.42% | 18.72% | 18.68% | 25.48% | 24.13% | 28.58% | 26.73% | -2.14% | -6.06% | -16.88% | -17.17% | 6.55% | 9.95% | |||||||||||||||||||||||||||||||||||||||||||||||||
qoq | 3.02% | 1.65% | 5.43% | 6.02% | 0.88% | -1.11% | 8.06% | 1.42% | 1.63% | 0.29% | 5.98% | 1.73% | 0.62% | 1.91% | 7.04% | 1.20% | 1.84% | 7.62% | 7.00% | 7.00% | 0.74% | 11.49% | 5.46% | -17.37% | -3.30% | -1.35% | 5.09% | 6.30% | -0.22% | ||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
personnel | 1,841,000,000 | 1,764,000,000 | 1,742,000,000 | 1,749,000,000 | 1,657,000,000 | 1,813,000,000 | 1,609,000,000 | 1,573,000,000 | 1,603,000,000 | 1,479,000,000 | 1,498,000,000 | 1,481,000,000 | 1,515,000,000 | 1,337,000,000 | 1,356,000,000 | 1,283,000,000 | 1,226,000,000 | 1,125,000,000 | 1,047,000,000 | 1,098,000,000 | 1,114,000,000 | 981,000,000 | 922,000,000 | 941,000,000 | 940,000,000 | 982,000,000 | 871,000,000 | 872,000,000 | 894,000,000 | 807,000,000 | 815,000,000 | 852,000,000 | 824,000,000 | 679,000,000 | 655,000,000 | 698,000,000 | 704,000,000 | 571,000,000 | 690,000,000 | 509,000,000 | 528,000,000 | 499,000,000 | 521,000,000 | 566,000,000 | 483,000,000 | 509,000,000 | 496,000,000 | 463,000,000 | 446,000,000 | 470,000,000 | 499,000,000 | 493,000,000 | 486,000,000 | 454,000,000 | 471,000,000 | 435,000,000 | 431,000,000 | 389,000,000 | 388,000,000 | 363,000,000 | 351,000,000 | 357,000,000 | 353,000,000 | 285,000,000 | 310,000,000 | 274,000,000 | 334,000,000 | 262,000,000 | 272,000,000 | 275,000,000 | 310,000,000 | 289,000,000 | 283,000,000 | ||
marketing | 545,000,000 | 410,000,000 | 576,000,000 | 421,000,000 | 381,000,000 | 306,000,000 | 551,000,000 | 378,000,000 | 338,000,000 | 293,000,000 | 403,000,000 | 297,000,000 | 309,000,000 | 332,000,000 | 429,000,000 | 313,000,000 | 314,000,000 | 280,000,000 | 457,000,000 | 268,000,000 | 206,000,000 | 205,000,000 | 288,000,000 | 174,000,000 | 235,000,000 | 274,000,000 | 306,000,000 | 282,000,000 | 241,000,000 | 276,000,000 | 264,000,000 | 240,000,000 | 261,000,000 | 223,000,000 | 290,000,000 | 221,000,000 | 193,000,000 | 218,000,000 | 300,000,000 | 189,000,000 | 186,000,000 | 194,000,000 | 253,000,000 | 224,000,000 | 190,000,000 | 205,000,000 | 241,000,000 | 228,000,000 | 245,000,000 | 186,000,000 | 236,000,000 | 252,000,000 | 195,000,000 | 193,000,000 | 271,000,000 | 242,000,000 | 170,000,000 | 190,000,000 | 239,000,000 | 251,000,000 | 183,000,000 | 197,000,000 | |||||||||||||
network and processing | 260,000,000 | 233,000,000 | 239,000,000 | 224,000,000 | 224,000,000 | 207,000,000 | 208,000,000 | 200,000,000 | 189,000,000 | 181,000,000 | 197,000,000 | 182,000,000 | 179,000,000 | 178,000,000 | 185,000,000 | 178,000,000 | 190,000,000 | 190,000,000 | 192,000,000 | 186,000,000 | 179,000,000 | 173,000,000 | 191,000,000 | 172,000,000 | 183,000,000 | 181,000,000 | 193,000,000 | 184,000,000 | 171,000,000 | 173,000,000 | 188,000,000 | 169,000,000 | 169,000,000 | 160,000,000 | 167,000,000 | 158,000,000 | 150,000,000 | 145,000,000 | 161,000,000 | 123,000,000 | 126,000,000 | 128,000,000 | 134,000,000 | 117,000,000 | 109,000,000 | 114,000,000 | 128,000,000 | 127,000,000 | 120,000,000 | 132,000,000 | 122,000,000 | 117,000,000 | 119,000,000 | 110,000,000 | 111,000,000 | 102,000,000 | 103,000,000 | 98,000,000 | 106,000,000 | 91,000,000 | 80,000,000 | 80,000,000 | |||||||||||||
professional fees | 238,000,000 | 208,000,000 | 256,000,000 | 187,000,000 | 173,000,000 | 143,000,000 | 192,000,000 | 152,000,000 | 160,000,000 | 131,000,000 | 173,000,000 | 133,000,000 | 130,000,000 | 109,000,000 | 163,000,000 | 117,000,000 | 125,000,000 | 100,000,000 | 130,000,000 | 108,000,000 | 82,000,000 | 83,000,000 | 104,000,000 | 95,000,000 | 103,000,000 | 106,000,000 | 149,000,000 | 113,000,000 | 101,000,000 | 91,000,000 | 134,000,000 | 112,000,000 | 108,000,000 | 92,000,000 | 144,000,000 | 102,000,000 | 83,000,000 | 80,000,000 | 113,000,000 | 138,000,000 | 66,000,000 | 72,000,000 | 107,000,000 | 82,000,000 | 77,000,000 | 70,000,000 | 94,000,000 | 82,000,000 | 77,000,000 | 75,000,000 | 130,000,000 | 103,000,000 | 91,000,000 | 88,000,000 | 134,000,000 | 99,000,000 | 82,000,000 | 70,000,000 | 115,000,000 | 84,000,000 | 77,000,000 | 61,000,000 | |||||||||||||
depreciation and amortization | 333,000,000 | 326,000,000 | 316,000,000 | 317,000,000 | 305,000,000 | 282,000,000 | 274,000,000 | 264,000,000 | 249,000,000 | 247,000,000 | 247,000,000 | 235,000,000 | 234,000,000 | 227,000,000 | 226,000,000 | 230,000,000 | 207,000,000 | 198,000,000 | 202,000,000 | 204,000,000 | 201,000,000 | 197,000,000 | 196,000,000 | 197,000,000 | 192,000,000 | 182,000,000 | 172,000,000 | 165,000,000 | 160,000,000 | 159,000,000 | 163,000,000 | 152,000,000 | 153,000,000 | 145,000,000 | 147,000,000 | 132,000,000 | 131,000,000 | 146,000,000 | 141,000,000 | 120,000,000 | 121,000,000 | 120,000,000 | 119,000,000 | 130,000,000 | 125,000,000 | 120,000,000 | 112,000,000 | 109,000,000 | 107,000,000 | 107,000,000 | 106,000,000 | 101,000,000 | 98,000,000 | 92,000,000 | 89,000,000 | 84,000,000 | 80,000,000 | 80,000,000 | 77,000,000 | 74,000,000 | 70,000,000 | 67,000,000 | 78,000,000 | 63,000,000 | 62,000,000 | 62,000,000 | 61,000,000 | 57,000,000 | 56,000,000 | 52,000,000 | 57,000,000 | 59,000,000 | |||
general and administrative | 450,000,000 | 515,000,000 | 544,000,000 | 482,000,000 | 419,000,000 | 481,000,000 | 424,000,000 | 382,000,000 | 452,000,000 | 340,000,000 | 412,000,000 | 314,000,000 | 282,000,000 | 322,000,000 | 338,000,000 | 289,000,000 | 325,000,000 | 242,000,000 | 215,000,000 | 204,000,000 | 363,000,000 | 203,000,000 | 256,000,000 | 258,000,000 | 269,000,000 | 313,000,000 | 341,000,000 | 315,000,000 | 264,000,000 | 276,000,000 | 457,000,000 | 230,000,000 | 222,000,000 | 236,000,000 | 238,000,000 | 230,000,000 | 406,000,000 | 186,000,000 | 230,000,000 | 246,000,000 | 164,000,000 | 156,000,000 | 143,000,000 | 137,000,000 | 141,000,000 | 126,000,000 | 153,000,000 | 126,000,000 | 120,000,000 | 108,000,000 | 129,000,000 | 108,000,000 | 108,000,000 | 106,000,000 | 131,000,000 | 112,000,000 | 106,000,000 | 102,000,000 | 95,000,000 | 114,000,000 | 95,000,000 | 110,000,000 | |||||||||||||
litigation provision | 329,000,000 | 708,000,000 | 903,000,000 | 615,000,000 | 1,000,000,000 | 44,000,000 | 10,000,000 | 13,000,000 | 430,000,000 | 9,000,000 | 129,000,000 | 457,000,000 | 341,000,000 | 3,000,000 | 717,000,000 | 148,000,000 | 1,000,000 | -2,000,000 | 3,000,000 | 1,000,000 | 2,000,000 | 1,000,000 | 8,000,000 | 370,000,000 | 1,000,000 | 22,000,000 | 7,000,000 | 7,000,000 | 600,000,000 | 2,000,000 | 2,000,000 | 15,000,000 | 1,000,000 | 1,000,000 | 11,000,000 | 3,000,000 | -1,000,000 | 1,000,000 | 3,000,000 | 2,000,000 | 4,098,000,000 | 1,000,000 | 6,000,000 | -4,000,000 | 2,000,000 | -43,000,000 | 1,000,000 | 1,000,000 | 50,000,000 | 292,000,000 | |||||||||||||||||||||||||
total operating expenses | 3,996,000,000 | 4,164,000,000 | 4,576,000,000 | 3,995,000,000 | 4,159,000,000 | 3,276,000,000 | 3,268,000,000 | 2,962,000,000 | 3,421,000,000 | 2,680,000,000 | 3,059,000,000 | 3,099,000,000 | 2,649,000,000 | 2,846,000,000 | 2,700,000,000 | 3,127,000,000 | 2,387,000,000 | 2,283,000,000 | 2,244,000,000 | 2,066,000,000 | 2,148,000,000 | 1,843,000,000 | 1,959,000,000 | 1,838,000,000 | 1,930,000,000 | 2,038,000,000 | 2,402,000,000 | 1,932,000,000 | 1,853,000,000 | 1,789,000,000 | 2,028,000,000 | 2,355,000,000 | 1,737,000,000 | 1,535,000,000 | 1,643,000,000 | 1,541,000,000 | 1,669,000,000 | 1,361,000,000 | 1,636,000,000 | 3,202,000,000 | 1,192,000,000 | 1,169,000,000 | 1,288,000,000 | 1,256,000,000 | 1,128,000,000 | 1,144,000,000 | 1,677,000,000 | 1,135,000,000 | 1,115,000,000 | 1,078,000,000 | 1,222,000,000 | 1,173,000,000 | 1,098,000,000 | 1,046,000,000 | 1,209,000,000 | 5,172,000,000 | 972,000,000 | 929,000,000 | 1,021,000,000 | 977,000,000 | 862,000,000 | 872,000,000 | 1,004,000,000 | 892,000,000 | 837,000,000 | 743,000,000 | 1,010,000,000 | 824,000,000 | 766,000,000 | 773,000,000 | 965,000,000 | 1,104,000,000 | 802,000,000 | ||
operating income | 7,234,000,000 | 6,737,000,000 | 6,148,000,000 | 6,177,000,000 | 5,435,000,000 | 6,234,000,000 | 6,349,000,000 | 5,938,000,000 | 5,354,000,000 | 5,954,000,000 | 5,550,000,000 | 5,024,000,000 | 5,336,000,000 | 5,090,000,000 | 5,087,000,000 | 4,148,000,000 | 4,802,000,000 | 4,776,000,000 | 4,315,000,000 | 4,064,000,000 | 3,581,000,000 | 3,844,000,000 | 3,142,000,000 | 2,999,000,000 | 3,924,000,000 | 4,016,000,000 | 3,735,000,000 | 3,908,000,000 | 3,641,000,000 | 3,717,000,000 | 3,406,000,000 | 2,885,000,000 | 3,336,000,000 | 3,327,000,000 | 3,212,000,000 | 3,024,000,000 | 2,808,000,000 | 3,100,000,000 | 2,625,000,000 | 428,000,000 | 2,434,000,000 | 2,396,000,000 | 2,283,000,000 | 2,262,000,000 | 2,281,000,000 | 2,238,000,000 | 1,552,000,000 | 2,020,000,000 | 2,048,000,000 | 2,077,000,000 | 1,751,000,000 | 1,828,000,000 | 1,860,000,000 | 1,800,000,000 | 1,522,000,000 | -2,607,000,000 | 1,606,000,000 | 1,618,000,000 | 1,362,000,000 | 1,345,000,000 | 1,383,000,000 | 1,366,000,000 | 1,113,000,000 | 1,137,000,000 | 1,122,000,000 | 1,217,000,000 | 869,000,000 | 822,000,000 | 881,000,000 | 966,000,000 | 648,000,000 | 349,000,000 | 686,000,000 | ||
yoy | 33.10% | 8.07% | -3.17% | 4.02% | 1.51% | 4.70% | 14.40% | 18.19% | 0.34% | 16.97% | 9.10% | 21.12% | 11.12% | 6.57% | 17.89% | 2.07% | 34.10% | 24.25% | 37.33% | 35.51% | -8.74% | -4.28% | -15.88% | -23.26% | 7.77% | 8.04% | 9.66% | 35.46% | 9.14% | 11.72% | 6.04% | -4.60% | 18.80% | 7.32% | 22.36% | 606.54% | 15.37% | 29.38% | 14.98% | -81.08% | 6.71% | 7.06% | 47.10% | 11.98% | 11.38% | 7.75% | -11.36% | 10.50% | 10.11% | 15.39% | 15.05% | -170.12% | 15.82% | 11.25% | 11.75% | -293.83% | 16.12% | 18.45% | 22.37% | 18.29% | 23.26% | 12.24% | 28.08% | 38.32% | 27.36% | 25.98% | 26.85% | 152.44% | 40.82% | ||||||
qoq | 7.38% | 9.58% | -0.47% | 13.65% | -12.82% | -1.81% | 6.92% | 10.91% | -10.08% | 7.28% | 10.47% | -5.85% | 4.83% | 0.06% | 22.64% | -13.62% | 0.54% | 10.68% | 6.18% | 13.49% | -6.84% | 22.34% | 4.77% | -23.57% | -2.29% | 7.52% | -4.43% | 7.33% | -2.04% | 9.13% | 18.06% | -13.52% | 0.27% | 3.58% | 6.22% | 7.69% | -9.42% | 18.10% | 513.32% | -82.42% | 1.59% | 4.95% | 0.93% | -0.83% | 1.92% | 44.20% | -23.17% | -1.37% | -1.40% | 18.62% | -4.21% | -1.72% | 3.33% | 18.27% | -158.38% | -262.33% | -0.74% | 18.80% | 1.26% | -2.75% | 1.24% | 22.73% | -2.11% | 1.34% | -7.81% | 40.05% | 5.72% | -6.70% | -8.80% | 85.67% | -49.13% | ||||
operating margin % | 64.42% | 61.80% | 57.33% | 60.73% | 56.65% | 65.55% | 66.02% | 66.72% | 61.01% | 68.96% | 64.47% | 61.85% | 66.83% | 64.14% | 65.33% | 57.02% | 66.80% | 67.66% | 65.79% | 66.30% | 62.51% | 67.59% | 61.60% | 62.00% | 67.03% | 66.34% | 60.86% | 66.92% | 66.27% | 67.51% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | -Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | Infinity% | Infinity% | |
non-operating income | -84,250,000 | -110,000,000 | -106,000,000 | -121,000,000 | -94,000,000 | 1,000,000 | 24,000,000 | -2,000,000 | 10,000,000 | 13,000,000 | 6,000,000 | 15,000,000 | 5,000,000 | -3,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -178,000,000 | -194,000,000 | -210,000,000 | -39,000,000 | -158,000,000 | -182,000,000 | -176,000,000 | -196,000,000 | -82,000,000 | -187,000,000 | -183,000,000 | -182,000,000 | -142,000,000 | -137,000,000 | -159,000,000 | -111,000,000 | -134,000,000 | -134,000,000 | -125,000,000 | -131,000,000 | -121,000,000 | -136,000,000 | -145,000,000 | -142,000,000 | -118,000,000 | -111,000,000 | -120,000,000 | -128,000,000 | -140,000,000 | -145,000,000 | -150,000,000 | -155,000,000 | -153,000,000 | -154,000,000 | -148,000,000 | -140,000,000 | -135,000,000 | -140,000,000 | -135,000,000 | -131,000,000 | -132,000,000 | -29,000,000 | -7,000,000 | -11,000,000 | -7,000,000 | -10,000,000 | -13,000,000 | -11,000,000 | -12,000,000 | -15,000,000 | -13,000,000 | -28,000,000 | -16,000,000 | -25,000,000 | -30,000,000 | -30,000,000 | -30,000,000 | -30,000,000 | -41,000,000 | -45,000,000 | |||||||||||||||
investment income and other | 118,000,000 | 183,000,000 | 285,000,000 | 195,000,000 | 161,000,000 | 148,000,000 | 199,000,000 | 247,000,000 | 241,000,000 | 275,000,000 | 269,000,000 | 304,000,000 | 84,000,000 | 24,000,000 | -60,000,000 | -208,000,000 | -126,000,000 | 255,000,000 | 108,000,000 | 456,000,000 | 168,000,000 | 40,000,000 | 58,000,000 | 75,000,000 | 23,000,000 | 69,000,000 | 96,000,000 | 86,000,000 | 176,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total non-operating income | -60,000,000 | -11,000,000 | 75,000,000 | 156,000,000 | 3,000,000 | -34,000,000 | 23,000,000 | 51,000,000 | 159,000,000 | 88,000,000 | 86,000,000 | 122,000,000 | -58,000,000 | -113,000,000 | -219,000,000 | -319,000,000 | -260,000,000 | 121,000,000 | -17,000,000 | 325,000,000 | 47,000,000 | -96,000,000 | -87,000,000 | -67,000,000 | -95,000,000 | -42,000,000 | -24,000,000 | -42,000,000 | 36,000,000 | 61,000,000 | -6,000,000 | 7,000,000 | 243,000,000 | ||||||||||||||||||||||||||||||||||||||||||
income before income taxes | 7,174,000,000 | 6,726,000,000 | 6,223,000,000 | 6,333,000,000 | 5,438,000,000 | 6,200,000,000 | 6,372,000,000 | 5,989,000,000 | 5,513,000,000 | 6,042,000,000 | 5,636,000,000 | 5,146,000,000 | 5,278,000,000 | 4,977,000,000 | 4,868,000,000 | 3,829,000,000 | 4,542,000,000 | 4,897,000,000 | 4,298,000,000 | 4,389,000,000 | 3,628,000,000 | 3,748,000,000 | 3,055,000,000 | 2,932,000,000 | 3,829,000,000 | 3,974,000,000 | 3,711,000,000 | 3,866,000,000 | 3,677,000,000 | 3,630,000,000 | 3,538,000,000 | 2,812,000,000 | 3,217,000,000 | 3,239,000,000 | 3,099,000,000 | 2,914,000,000 | 2,702,000,000 | 2,979,000,000 | 2,510,000,000 | 422,000,000 | 2,441,000,000 | 2,639,000,000 | 2,283,000,000 | 2,168,000,000 | 2,282,000,000 | 2,262,000,000 | 1,550,000,000 | 2,030,000,000 | 2,061,000,000 | 2,083,000,000 | 1,766,000,000 | 1,833,000,000 | 1,857,000,000 | 1,801,000,000 | 1,588,000,000 | -2,607,000,000 | 1,609,000,000 | 1,617,000,000 | 1,354,000,000 | 1,543,000,000 | 1,377,000,000 | 1,382,000,000 | 1,195,000,000 | 1,122,000,000 | 1,113,000,000 | 1,208,000,000 | |||||||||
income tax provision | 1,153,000,000 | 873,000,000 | 1,133,000,000 | 1,061,000,000 | 861,000,000 | 1,081,000,000 | 1,054,000,000 | 1,117,000,000 | 850,000,000 | 1,152,000,000 | 955,000,000 | 990,000,000 | 1,021,000,000 | 798,000,000 | 928,000,000 | 418,000,000 | 895,000,000 | 938,000,000 | 714,000,000 | 1,814,000,000 | 602,000,000 | 622,000,000 | 918,000,000 | 559,000,000 | 745,000,000 | 702,000,000 | 686,000,000 | 765,000,000 | 700,000,000 | 653,000,000 | 693,000,000 | 483,000,000 | 612,000,000 | 717,000,000 | 959,000,000 | 855,000,000 | 2,272,000,000 | 909,000,000 | 579,000,000 | 10,000,000 | 734,000,000 | 698,000,000 | 771,000,000 | 471,000,000 | 732,000,000 | 693,000,000 | 477,000,000 | 670,000,000 | 463,000,000 | 676,000,000 | 574,000,000 | 608,000,000 | 587,000,000 | 508,000,000 | -74,000,000 | -768,000,000 | 317,000,000 | 590,000,000 | 476,000,000 | 539,000,000 | 497,000,000 | 498,000,000 | |||||||||||||
net income | 6,021,000,000 | 5,853,000,000 | 5,090,000,000 | 5,272,000,000 | 4,577,000,000 | 5,119,000,000 | 5,318,000,000 | 4,872,000,000 | 4,663,000,000 | 4,890,000,000 | 4,681,000,000 | 4,156,000,000 | 4,257,000,000 | 4,179,000,000 | 3,940,000,000 | 3,411,000,000 | 3,647,000,000 | 3,959,000,000 | 3,584,000,000 | 2,575,000,000 | 3,026,000,000 | 3,126,000,000 | 2,137,000,000 | 2,373,000,000 | 3,084,000,000 | 3,272,000,000 | 3,025,000,000 | 3,101,000,000 | 2,977,000,000 | 2,977,000,000 | 2,845,000,000 | 2,329,000,000 | 2,605,000,000 | 2,522,000,000 | 2,140,000,000 | 2,059,000,000 | 430,000,000 | 2,070,000,000 | 1,931,000,000 | 412,000,000 | 1,707,000,000 | 1,941,000,000 | 1,512,000,000 | 1,697,000,000 | 1,550,000,000 | 1,569,000,000 | 1,091,250,000 | 1,360,000,000 | 1,598,000,000 | 1,407,000,000 | 514,000,000 | 729,000,000 | 536,000,000 | 574,000,000 | 422,000,000 | 314,000,000 | 424,000,000 | ||||||||||||||||||
yoy | 31.55% | 14.34% | -4.29% | 8.21% | -1.84% | 4.68% | 13.61% | 17.23% | 9.54% | 17.01% | 18.81% | 21.84% | 16.73% | 5.56% | 9.93% | 32.47% | 20.52% | 26.65% | 67.71% | 8.51% | -1.88% | -4.46% | -29.36% | -23.48% | 3.59% | 9.91% | 6.33% | 33.15% | 14.28% | 18.04% | 32.94% | 13.11% | 505.81% | 21.84% | 10.82% | 399.76% | -74.81% | 6.65% | 27.71% | -75.72% | 10.13% | 23.71% | 38.56% | 24.78% | -3.00% | 11.51% | 72.75% | 70.70% | 35.38% | ||||||||||||||||||||||||||
qoq | 2.87% | 14.99% | -3.45% | 15.18% | -10.59% | -3.74% | 9.15% | 4.48% | -4.64% | 4.46% | 12.63% | -2.37% | 1.87% | 6.07% | 15.51% | -6.47% | -7.88% | 10.46% | 39.18% | -14.90% | -3.20% | 46.28% | -9.95% | -23.05% | -5.75% | 8.17% | -2.45% | 4.17% | 0.00% | 4.64% | 22.16% | -10.60% | 3.29% | 17.85% | 3.93% | 378.84% | -79.23% | 7.20% | 368.69% | -75.86% | -12.06% | 28.37% | -10.90% | 9.48% | -1.21% | 43.78% | -19.76% | -14.89% | 13.57% | -29.49% | 36.01% | -6.62% | 34.39% | -25.94% | |||||||||||||||||||||
net income margin % | 53.62% | 53.69% | 47.46% | 51.83% | 47.71% | 53.83% | 55.30% | 54.74% | 53.14% | 56.64% | 54.37% | 51.16% | 53.31% | 52.66% | 50.60% | 46.89% | 50.73% | 56.08% | 54.64% | 42.01% | 52.82% | 54.97% | 41.89% | 49.06% | 52.68% | 54.05% | 49.29% | 53.10% | 54.19% | 54.07% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | NaN% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | Infinity% | Infinity% | Infinity% | |
basic earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock | 3.15 | 3.03 | 2.62 | 2.69 | 2.32 | 2.58 | 2.65 | 2.4 | 2.29 | 2.39 | 2.26 | 2 | 2.04 | 1.99 | 1.86 | 1.6 | 1.7 | 1.84 | 1.64 | 1.18 | 1.38 | 1.42 | 0.98 | 1.07 | 1.39 | 1.46 | 1.34 | 1.37 | 1.31 | 1.3 | 1.23 | 1 | 1.12 | 1.07 | 0.9 | 0.87 | 1.5 | 1.28 | 1.43 | 0.69 | 0.97 | 0.71 | 0.74 | 0.51 | 0.39 | ||||||||||||||||||||||||||||||
class b-1 common stock | 4.87 | 4.71 | 4.09 | 4.21 | 3.63 | 4.04 | 4.21 | 3.82 | 3.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-2 common stock | 4.75 | 4.61 | 4.02 | 4.13 | 3.58 | 3.99 | 4.2 | 3.82 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock | 12.58 | 12.13 | 10.48 | 10.78 | 9.29 | 10.33 | 10.62 | 9.62 | 9.16 | 9.58 | 9.07 | 8 | 8.15 | 7.96 | 7.45 | 6.42 | 6.82 | 7.35 | 6.59 | 4.72 | 5.52 | 5.69 | 3.88 | 4.29 | 5.54 | 5.85 | 5.38 | 5.48 | 5.23 | 5.2 | 4.94 | 4.02 | 4.46 | 4.3 | 3.61 | 3.46 | 1.5 | 1.28 | 1.43 | 0.69 | 0.97 | 0.71 | 0.74 | ||||||||||||||||||||||||||||||||
basic weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted weighted-average shares outstanding | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b common stock | 3.8 | 3.61 | 3.2 | 3.26 | 3.19 | 3 | 2.59 | 2.76 | 2.98 | 2.67 | 1.92 | 2.24 | 2.31 | 1.57 | 1.74 | 2.25 | 2.37 | 2.19 | 2.23 | 2.13 | 2.12 | 2.01 | 1.66 | 1.84 | 1.77 | 1.49 | 1.43 | 0.73 | 0.62 | 0.7 | 0.4 | 0.61 | 0.45 | 0.52 | 0.36 | 0.37 | |||||||||||||||||||||||||||||||||||||||
other | 58,000,000 | 282,000,000 | 82,000,000 | 34,000,000 | 66,000,000 | 35,000,000 | 30,000,000 | 29,000,000 | 19,000,000 | 20,000,000 | 125,000,000 | 139,000,000 | 272,000,000 | 4,000,000 | -1,000,000 | 1,000,000 | -1,000,000 | 4,000,000 | 121,000,000 | -3,000,000 | 2,000,000 | -2,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | -1,000,000 | -1,000,000 | 28,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
total non-operating expense | -87,000,000 | -70,000,000 | -73,000,000 | -119,000,000 | -88,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service revenues | 2,323,000,000 | 2,196,000,000 | 2,253,000,000 | 2,146,000,000 | 2,116,000,000 | 1,948,000,000 | 1,993,000,000 | 1,918,000,000 | 1,768,000,000 | 1,635,000,000 | 1,699,000,000 | 1,645,000,000 | 1,637,000,000 | 1,550,000,000 | 1,577,000,000 | 1,538,000,000 | 1,499,000,000 | 1,417,000,000 | 1,462,000,000 | 1,419,000,000 | 1,385,000,000 | 1,298,000,000 | 1,369,000,000 | 1,300,000,000 | 1,264,000,000 | 1,216,000,000 | 1,241,000,000 | 1,151,000,000 | 1,105,000,000 | 1,055,000,000 | 1,093,000,000 | 1,008,000,000 | 912,000,000 | 873,000,000 | 885,000,000 | 827,000,000 | 808,000,000 | 769,000,000 | 804,000,000 | 793,000,000 | |||||||||||||||||||||||||||||||||||
data processing revenues | 2,394,000,000 | 2,359,000,000 | 2,127,000,000 | 2,147,000,000 | 2,067,000,000 | 1,984,000,000 | 1,843,000,000 | 1,892,000,000 | 1,779,000,000 | 1,541,000,000 | 1,473,000,000 | 1,479,000,000 | 1,429,000,000 | 1,400,000,000 | 1,340,000,000 | 1,383,000,000 | 1,348,000,000 | 1,321,000,000 | 1,234,000,000 | 1,264,000,000 | 1,186,000,000 | 1,191,000,000 | 1,150,000,000 | 1,115,000,000 | 1,062,000,000 | 1,040,000,000 | 922,000,000 | 951,000,000 | 925,000,000 | 886,000,000 | 823,000,000 | 844,000,000 | 840,000,000 | 792,000,000 | 728,000,000 | 765,000,000 | 727,000,000 | 605,000,000 | 544,000,000 | 554,000,000 | |||||||||||||||||||||||||||||||||||
international transaction revenues | 1,963,000,000 | 1,830,000,000 | 1,752,000,000 | 1,666,000,000 | 1,792,000,000 | 1,571,000,000 | 1,469,000,000 | 1,489,000,000 | 1,489,000,000 | 1,084,000,000 | 1,045,000,000 | 1,031,000,000 | 1,091,000,000 | 1,039,000,000 | 964,000,000 | 970,000,000 | 938,000,000 | 860,000,000 | 871,000,000 | 891,000,000 | 899,000,000 | 854,000,000 | 831,000,000 | 805,000,000 | 796,000,000 | 748,000,000 | 733,000,000 | 748,000,000 | 758,000,000 | 662,000,000 | 624,000,000 | 630,000,000 | 619,000,000 | 574,000,000 | 545,000,000 | 552,000,000 | 507,000,000 | 458,000,000 | 446,000,000 | 505,000,000 | |||||||||||||||||||||||||||||||||||
other revenues | 256,000,000 | 229,000,000 | 230,000,000 | 229,000,000 | 226,000,000 | 209,000,000 | 203,000,000 | 203,000,000 | 218,000,000 | 209,000,000 | 198,000,000 | 198,000,000 | 216,000,000 | 199,000,000 | 204,000,000 | 204,000,000 | 212,000,000 | 195,000,000 | 183,000,000 | 180,000,000 | 183,000,000 | 179,000,000 | 175,000,000 | 179,000,000 | 172,000,000 | 175,000,000 | 179,000,000 | 178,000,000 | 171,000,000 | 167,000,000 | 156,000,000 | 161,000,000 | 167,000,000 | 183,000,000 | 173,000,000 | 190,000,000 | 163,000,000 | 158,000,000 | 148,000,000 | 156,000,000 | 150,000,000 | 126,000,000 | 133,000,000 | ||||||||||||||||||||||||||||||||
client incentives | -1,502,000,000 | -1,374,000,000 | -1,289,000,000 | -1,326,000,000 | -1,346,000,000 | -1,147,000,000 | -1,031,000,000 | -1,041,000,000 | -993,000,000 | -839,000,000 | -789,000,000 | -788,000,000 | -802,000,000 | -670,000,000 | -676,000,000 | -713,000,000 | -768,000,000 | -638,000,000 | -587,000,000 | -599,000,000 | -680,000,000 | -521,000,000 | -567,000,000 | -553,000,000 | -563,000,000 | -614,000,000 | -497,000,000 | -481,000,000 | -576,000,000 | -448,000,000 | -451,000,000 | -405,000,000 | |||||||||||||||||||||||||||||||||||||||||||
net operating revenues | 5,434,000,000 | 5,240,000,000 | 5,073,000,000 | 4,862,000,000 | 4,855,000,000 | 4,565,000,000 | 4,477,000,000 | 4,461,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
visa europe framework agreement loss | 1,877,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenues | 2,705,250,000 | 3,630,000,000 | 3,626,000,000 | 3,565,000,000 | 3,571,000,000 | 3,518,000,000 | 3,409,000,000 | 3,382,000,000 | 3,229,000,000 | 3,155,000,000 | 3,163,000,000 | 3,155,000,000 | 2,973,000,000 | 3,001,000,000 | 2,958,000,000 | 2,846,000,000 | 2,731,000,000 | 2,565,000,000 | 2,578,000,000 | 2,547,000,000 | 2,383,000,000 | 2,322,000,000 | 2,245,000,000 | 2,238,000,000 | 2,117,000,000 | 2,029,000,000 | 1,959,000,000 | 1,960,000,000 | 1,879,000,000 | 1,646,000,000 | 1,647,000,000 | 1,739,000,000 | 1,613,000,000 | 1,453,000,000 | 1,488,000,000 | ||||||||||||||||||||||||||||||||||||||||
net income including non-controlling interest | 1,192,000,000 | 1,225,000,000 | 1,270,000,000 | 1,293,000,000 | 1,662,000,000 | -1,839,000,000 | 1,292,000,000 | 1,027,000,000 | 878,000,000 | 1,004,000,000 | 880,000,000 | 773,000,000 | 716,000,000 | 712,000,000 | 763,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss attributable to non-controlling interest | 2,000,000 | 2,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to visa inc. | 1,192,000,000 | 1,225,000,000 | 1,270,000,000 | 1,293,000,000 | 1,662,000,000 | -1,839,000,000 | 1,292,000,000 | 1,029,000,000 | 880,000,000 | 1,005,000,000 | 881,000,000 | 884,000,000 | 763,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment income | 5,000,000 | 12,000,000 | 9,000,000 | 10,000,000 | 1,000,000 | 88,000,000 | 9,000,000 | 10,000,000 | 20,000,000 | 1,000,000 | 23,000,000 | 5,000,000 | 18,000,000 | 504,000,000 | 34,000,000 | 19,000,000 | 97,000,000 | 34,000,000 | 41,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 66,000,000 | 3,000,000 | -1,000,000 | -8,000,000 | 198,000,000 | -6,000,000 | 16,000,000 | 82,000,000 | -15,000,000 | -9,000,000 | -6,000,000 | 475,000,000 | 6,000,000 | -13,000,000 | 66,000,000 | 21,000,000 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
volume and support incentives | -421,000,000 | -393,000,000 | -372,000,000 | -374,000,000 | -326,000,000 | -344,000,000 | -295,000,000 | -269,000,000 | -274,000,000 | -338,000,000 | -250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
network, edp and communications | 119,000,000 | 103,000,000 | 98,000,000 | 105,000,000 | 111,000,000 | 97,000,000 | 92,000,000 | 93,000,000 | 84,000,000 | 78,000,000 | 133,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising, marketing and promotion | 233,000,000 | 277,000,000 | 238,000,000 | 216,000,000 | 283,000,000 | 229,000,000 | 196,000,000 | 210,000,000 | 271,000,000 | 215,000,000 | 210,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
professional and consulting fees | 108,000,000 | 77,000,000 | 50,000,000 | 51,000,000 | 107,000,000 | 82,000,000 | 84,000,000 | 80,000,000 | 108,000,000 | 96,000,000 | 98,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
administrative and other | 117,000,000 | 87,000,000 | 77,000,000 | 78,000,000 | 113,000,000 | 96,000,000 | 66,000,000 | 63,000,000 | 85,000,000 | 75,000,000 | 78,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated affiliates | -2,000,000 | -3,000,000 | -2,000,000 | 1,000,000 | -1,000,000 | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax expense | 422,000,000 | 406,000,000 | 401,000,000 | 445,000,000 | 349,000,000 | 568,000,000 | 352,000,000 | 379,000,000 | 292,000,000 | 56,000,000 | 259,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to visa inc | 548,000,000 | 716,000,000 | 713,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other expense | -9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and minority interest | 863,000,000 | 1,297,000,000 | 887,000,000 | 953,000,000 | 714,000,000 | 370,000,000 | 683,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest | 514,000,000 | 729,000,000 | 535,000,000 | 574,000,000 | 422,000,000 | 314,000,000 | 424,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c (series i) common stock | 0.51 | 0.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c (series ii) common stock | 0.12 | 0.3 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c (series iii and iv) common stock | 0.51 | 0.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
all regional classes and series of common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service fees | 749,000,000 | 792,000,000 | 732,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
data processing fees | 539,000,000 | 494,000,000 | 492,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international transaction fees | 449,000,000 | 379,000,000 | 381,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
visa international fees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted net income per share | 0.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic and diluted weighted-average common stock outstanding | 775,080,512 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 | 2007-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 12,404,000,000 | 14,756,000,000 | 17,164,000,000 | 17,092,000,000 | 11,734,000,000 | 12,367,000,000 | 11,975,000,000 | 12,947,000,000 | 12,993,000,000 | 13,591,000,000 | 16,286,000,000 | 15,590,000,000 | 13,842,000,000 | 13,334,000,000 | 15,689,000,000 | 14,047,000,000 | 12,299,000,000 | 14,720,000,000 | 16,487,000,000 | 18,034,000,000 | 16,494,000,000 | 15,032,000,000 | 16,289,000,000 | 13,898,000,000 | 9,740,000,000 | 8,768,000,000 | 7,838,000,000 | 7,912,000,000 | 7,648,000,000 | 8,289,000,000 | 8,162,000,000 | 8,505,000,000 | 8,142,000,000 | 8,138,000,000 | 9,874,000,000 | 7,437,000,000 | 6,427,000,000 | 5,824,000,000 | 5,619,000,000 | 5,887,000,000 | 15,943,000,000 | 12,837,000,000 | 3,518,000,000 | 2,147,000,000 | 2,039,000,000 | 2,085,000,000 | 1,971,000,000 | 2,058,000,000 | 1,820,000,000 | 2,121,000,000 | 2,186,000,000 | 1,453,000,000 | 1,377,000,000 | 1,334,000,000 | 2,074,000,000 | 1,558,000,000 | 2,042,000,000 | 1,942,000,000 | 2,127,000,000 | 3,600,000,000 | 3,512,000,000 | 3,684,000,000 | 3,867,000,000 | 5,205,000,000 | 4,560,000,000 | 4,160,000,000 | 4,617,000,000 | 4,200,000,000 | 3,363,000,000 | 2,613,000,000 | 4,979,000,000 | 5,762,000,000 | 5,041,000,000 | 1,698,000,000 | 275,379,000 |
restricted cash equivalents—u.s. litigation escrow | 665,000,000 | 3,300,000,000 | 2,990,000,000 | 2,696,000,000 | 2,926,000,000 | 3,112,000,000 | 3,089,000,000 | 1,596,000,000 | 1,584,000,000 | 1,616,000,000 | 1,764,000,000 | 1,627,000,000 | 1,616,000,000 | 1,705,000,000 | 1,449,000,000 | 1,483,000,000 | 882,000,000 | 1,144,000,000 | 894,000,000 | 894,000,000 | 894,000,000 | 894,000,000 | 901,000,000 | 1,148,000,000 | 1,264,000,000 | 1,634,000,000 | 1,205,000,000 | 902,000,000 | 899,000,000 | 1,496,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
investment securities | 1,509,000,000 | 1,641,000,000 | 1,833,000,000 | 2,088,000,000 | 2,017,000,000 | 1,967,000,000 | 3,200,000,000 | 3,697,000,000 | 4,710,000,000 | 5,005,000,000 | 3,842,000,000 | 3,166,000,000 | 2,752,000,000 | 2,785,000,000 | 2,833,000,000 | 3,309,000,000 | 1,230,000,000 | 1,201,000,000 | 2,025,000,000 | 1,206,000,000 | 2,058,000,000 | 3,009,000,000 | 3,752,000,000 | 2,739,000,000 | 2,411,000,000 | 3,902,000,000 | 4,236,000,000 | 3,265,000,000 | 3,876,000,000 | 3,461,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
settlement receivable | 2,136,000,000 | 3,212,000,000 | 4,191,000,000 | 4,778,000,000 | 4,244,000,000 | 3,683,000,000 | 4,454,000,000 | 2,128,000,000 | 3,558,000,000 | 2,525,000,000 | 2,183,000,000 | 2,454,000,000 | 1,942,000,000 | 2,127,000,000 | 1,932,000,000 | 1,860,000,000 | 1,632,000,000 | 1,788,000,000 | 1,758,000,000 | 1,663,000,000 | 1,434,000,000 | 1,596,000,000 | 1,264,000,000 | 2,111,000,000 | 1,432,000,000 | 3,273,000,000 | 3,048,000,000 | 1,689,000,000 | 1,574,000,000 | 3,123,000,000 | 1,582,000,000 | 1,615,000,000 | 2,501,000,000 | 1,618,000,000 | 1,422,000,000 | 1,419,000,000 | 3,350,000,000 | 1,333,000,000 | 1,467,000,000 | 1,499,000,000 | 414,000,000 | 443,000,000 | 408,000,000 | 704,000,000 | 679,000,000 | 500,000,000 | 786,000,000 | 775,000,000 | 752,000,000 | 888,000,000 | 799,000,000 | 459,000,000 | 488,000,000 | 859,000,000 | 454,000,000 | 443,000,000 | 508,000,000 | 509,000,000 | 412,000,000 | 405,000,000 | 397,000,000 | 506,000,000 | 402,000,000 | 416,000,000 | 666,000,000 | 736,000,000 | 605,000,000 | 998,000,000 | 879,000,000 | 745,000,000 | 1,131,000,000 | 1,230,000,000 | 1,157,000,000 | 1,154,000,000 | 9,501,000 |
accounts receivable | 3,405,000,000 | 3,231,000,000 | 3,126,000,000 | 2,920,000,000 | 2,719,000,000 | 2,590,000,000 | 2,561,000,000 | 2,521,000,000 | 2,272,000,000 | 2,506,000,000 | 2,291,000,000 | 2,282,000,000 | 2,122,000,000 | 2,113,000,000 | 2,020,000,000 | 2,021,000,000 | 2,135,000,000 | 2,168,000,000 | 1,968,000,000 | 1,852,000,000 | 1,791,000,000 | 1,746,000,000 | 1,618,000,000 | 1,453,000,000 | 1,516,000,000 | 1,661,000,000 | 1,542,000,000 | 1,531,000,000 | 1,404,000,000 | 1,405,000,000 | 1,208,000,000 | 1,220,000,000 | 1,259,000,000 | 1,281,000,000 | 1,132,000,000 | 1,105,000,000 | 1,081,000,000 | 1,120,000,000 | 1,041,000,000 | 1,066,000,000 | 944,000,000 | 922,000,000 | 847,000,000 | 892,000,000 | 896,000,000 | 900,000,000 | 822,000,000 | 824,000,000 | 832,000,000 | 840,000,000 | 761,000,000 | 779,000,000 | 802,000,000 | 801,000,000 | 723,000,000 | 793,000,000 | 655,000,000 | 629,000,000 | 560,000,000 | 551,000,000 | 538,000,000 | 527,000,000 | 476,000,000 | 501,000,000 | 502,000,000 | 536,000,000 | 444,000,000 | 419,000,000 | 372,000,000 | 378,000,000 | 342,000,000 | 342,000,000 | 321,000,000 | 347,000,000 | 245,215,000 |
customer collateral | 4,292,000,000 | 3,712,000,000 | 3,625,000,000 | 3,614,000,000 | 3,543,000,000 | 3,518,000,000 | 3,524,000,000 | 3,472,000,000 | 3,367,000,000 | 3,164,000,000 | 3,005,000,000 | 2,907,000,000 | 2,739,000,000 | 2,591,000,000 | 2,342,000,000 | 2,261,000,000 | 2,309,000,000 | 2,284,000,000 | 2,260,000,000 | 2,221,000,000 | 2,057,000,000 | 1,993,000,000 | 1,850,000,000 | 1,759,000,000 | 1,698,000,000 | 1,698,000,000 | 1,648,000,000 | 1,668,000,000 | 1,735,000,000 | 1,330,000,000 | 1,324,000,000 | 1,346,000,000 | 1,250,000,000 | 1,155,000,000 | 1,106,000,000 | 1,075,000,000 | 1,043,000,000 | 1,006,000,000 | 1,001,000,000 | 1,032,000,000 | 1,050,000,000 | 1,041,000,000 | 1,023,000,000 | 1,068,000,000 | 1,079,000,000 | 1,041,000,000 | 961,000,000 | 936,000,000 | 923,000,000 | 886,000,000 | 866,000,000 | 817,000,000 | 846,000,000 | 819,000,000 | 823,000,000 | 886,000,000 | 898,000,000 | 908,000,000 | 931,000,000 | 897,000,000 | 870,000,000 | 883,000,000 | 899,000,000 | 869,000,000 | 842,000,000 | 815,000,000 | 812,000,000 | 739,000,000 | 676,000,000 | 661,000,000 | 679,000,000 | 520,000,000 | 500,000,000 | 443,000,000 | |
current portion of client incentives | 2,473,000,000 | 2,280,000,000 | 2,158,000,000 | 2,198,000,000 | 2,175,000,000 | 1,992,000,000 | 1,918,000,000 | 1,821,000,000 | 1,740,000,000 | 1,572,000,000 | 1,577,000,000 | 1,525,000,000 | 1,477,000,000 | 1,402,000,000 | 1,272,000,000 | 1,323,000,000 | 1,309,000,000 | 1,334,000,000 | 1,359,000,000 | 1,321,000,000 | 1,324,000,000 | 1,281,000,000 | 1,214,000,000 | 1,150,000,000 | 957,000,000 | 803,000,000 | 741,000,000 | 690,000,000 | 589,000,000 | 547,000,000 | 340,000,000 | 377,000,000 | 331,000,000 | 295,000,000 | 344,000,000 | 308,000,000 | 292,000,000 | 265,000,000 | 284,000,000 | 291,000,000 | 291,000,000 | 414,000,000 | 303,000,000 | 248,000,000 | 243,000,000 | 200,000,000 | 210,000,000 | 221,000,000 | 255,000,000 | 235,000,000 | 282,000,000 | 240,000,000 | 215,000,000 | 168,000,000 | 209,000,000 | 224,000,000 | 233,000,000 | 206,000,000 | 278,000,000 | 195,000,000 | 152,000,000 | 164,000,000 | |||||||||||||
prepaid expenses and other current assets | 4,741,000,000 | 2,865,000,000 | 2,679,000,000 | 3,012,000,000 | 3,576,000,000 | 3,393,000,000 | 3,312,000,000 | 2,857,000,000 | 2,551,000,000 | 2,753,000,000 | 2,584,000,000 | 2,119,000,000 | 2,167,000,000 | 1,802,000,000 | 2,668,000,000 | 2,667,000,000 | 2,295,000,000 | 1,267,000,000 | 856,000,000 | 851,000,000 | 849,000,000 | 729,000,000 | 757,000,000 | 753,000,000 | 889,000,000 | 580,000,000 | 712,000,000 | 648,000,000 | 765,000,000 | 456,000,000 | 562,000,000 | 545,000,000 | 592,000,000 | 504,000,000 | 550,000,000 | 590,000,000 | 788,000,000 | 416,000,000 | 555,000,000 | 707,000,000 | 646,000,000 | 247,000,000 | 353,000,000 | 457,000,000 | 586,000,000 | 318,000,000 | 216,000,000 | 244,000,000 | 263,000,000 | 291,000,000 | 187,000,000 | 220,000,000 | 211,000,000 | 176,000,000 | 301,000,000 | 323,000,000 | 332,000,000 | 172,000,000 | 265,000,000 | 214,000,000 | 446,000,000 | 179,000,000 | 242,000,000 | 284,000,000 | 413,000,000 | 212,000,000 | 366,000,000 | 1,234,000,000 | 339,000,000 | 392,000,000 | 1,190,000,000 | 295,000,000 | 300,000,000 | 512,000,000 | |
total current assets | 31,625,000,000 | 34,997,000,000 | 37,766,000,000 | 38,398,000,000 | 32,934,000,000 | 32,622,000,000 | 34,033,000,000 | 31,039,000,000 | 32,775,000,000 | 32,732,000,000 | 33,532,000,000 | 31,670,000,000 | 28,657,000,000 | 27,859,000,000 | 30,205,000,000 | 28,971,000,000 | 24,091,000,000 | 25,906,000,000 | 27,607,000,000 | 28,042,000,000 | 26,901,000,000 | 26,280,000,000 | 27,645,000,000 | 25,011,000,000 | 19,907,000,000 | 22,319,000,000 | 20,970,000,000 | 18,305,000,000 | 18,490,000,000 | 20,107,000,000 | 18,216,000,000 | 18,491,000,000 | 18,536,000,000 | 17,287,000,000 | 19,023,000,000 | 15,718,000,000 | 15,505,000,000 | 14,689,000,000 | 14,313,000,000 | 14,374,000,000 | 24,303,000,000 | 25,473,000,000 | 10,892,000,000 | 10,068,000,000 | 10,105,000,000 | 9,864,000,000 | 9,562,000,000 | 9,025,000,000 | 8,507,000,000 | 7,765,000,000 | 7,822,000,000 | 6,941,000,000 | 6,914,000,000 | 7,387,000,000 | 11,786,000,000 | 10,899,000,000 | 10,295,000,000 | 9,978,000,000 | 9,190,000,000 | 9,516,000,000 | 9,606,000,000 | 9,355,000,000 | 8,734,000,000 | 9,850,000,000 | 9,115,000,000 | 8,753,000,000 | 9,241,000,000 | 9,562,000,000 | 8,225,000,000 | 8,089,000,000 | 11,174,000,000 | 10,761,000,000 | 10,086,000,000 | 5,813,000,000 | 2,506,939,000 |
client incentives | 5,514,000,000 | 5,541,000,000 | 5,157,000,000 | 5,005,000,000 | 4,760,000,000 | 4,631,000,000 | 4,628,000,000 | 4,133,000,000 | 3,998,000,000 | 3,941,000,000 | 3,789,000,000 | 3,811,000,000 | 3,737,000,000 | 3,657,000,000 | 3,348,000,000 | 3,321,000,000 | 3,256,000,000 | 3,290,000,000 | 3,245,000,000 | 3,219,000,000 | 3,252,000,000 | 3,192,000,000 | 3,175,000,000 | 3,168,000,000 | 3,110,000,000 | 2,481,000,000 | 2,084,000,000 | 1,854,000,000 | 1,664,000,000 | 1,264,000,000 | 538,000,000 | 545,000,000 | 566,000,000 | 557,000,000 | 591,000,000 | 553,000,000 | 486,000,000 | 484,000,000 | 448,000,000 | 537,000,000 | 540,000,000 | 128,000,000 | 110,000,000 | 94,000,000 | 89,000,000 | 87,000,000 | 81,000,000 | 84,000,000 | 89,000,000 | 98,000,000 | 89,000,000 | 85,000,000 | 100,000,000 | 40,000,000 | 58,000,000 | 97,000,000 | 98,000,000 | 106,000,000 | 85,000,000 | 109,000,000 | 115,000,000 | 114,000,000 | |||||||||||||
property, equipment and technology | 4,778,000,000 | 4,276,000,000 | 4,236,000,000 | 4,143,000,000 | 4,023,000,000 | 3,974,000,000 | 3,824,000,000 | 3,766,000,000 | 3,630,000,000 | 3,472,000,000 | 3,425,000,000 | 3,370,000,000 | 3,359,000,000 | 3,236,000,000 | 3,223,000,000 | 3,146,000,000 | 3,120,000,000 | 2,908,000,000 | 2,715,000,000 | 2,707,000,000 | 2,684,000,000 | 2,713,000,000 | 2,737,000,000 | 2,746,000,000 | 2,776,000,000 | 2,739,000,000 | 2,695,000,000 | 2,549,000,000 | 2,456,000,000 | 2,437,000,000 | 2,472,000,000 | 2,387,000,000 | 2,366,000,000 | 2,238,000,000 | 2,253,000,000 | 2,202,000,000 | 2,133,000,000 | 2,201,000,000 | 2,150,000,000 | 2,136,000,000 | 1,883,000,000 | 1,884,000,000 | 1,888,000,000 | 1,847,000,000 | 1,843,000,000 | 1,861,000,000 | 1,892,000,000 | 1,772,000,000 | 1,760,000,000 | 1,746,000,000 | 1,732,000,000 | 1,689,000,000 | 1,674,000,000 | 1,641,000,000 | 1,634,000,000 | 1,581,000,000 | 1,540,000,000 | 1,542,000,000 | 1,541,000,000 | 1,510,000,000 | 1,453,000,000 | 1,380,000,000 | 1,357,000,000 | 1,185,000,000 | 1,183,000,000 | 1,203,000,000 | 1,204,000,000 | 1,170,000,000 | 1,155,000,000 | 1,117,000,000 | 1,080,000,000 | 1,048,000,000 | |||
goodwill | 20,891,000,000 | 19,885,000,000 | 19,879,000,000 | 19,880,000,000 | 19,641,000,000 | 19,548,000,000 | 18,941,000,000 | 18,816,000,000 | 18,837,000,000 | 18,120,000,000 | 17,997,000,000 | 18,082,000,000 | 18,078,000,000 | 18,024,000,000 | 17,787,000,000 | 17,977,000,000 | 18,143,000,000 | 16,555,000,000 | 15,958,000,000 | 16,021,000,000 | 15,980,000,000 | 16,121,000,000 | 15,910,000,000 | 15,791,000,000 | 15,755,000,000 | 15,767,000,000 | 15,656,000,000 | 15,313,000,000 | 15,088,000,000 | 15,149,000,000 | 15,194,000,000 | 15,204,000,000 | 15,372,000,000 | 15,162,000,000 | 15,110,000,000 | 15,009,000,000 | 14,825,000,000 | 14,892,000,000 | 15,066,000,000 | 15,044,000,000 | 11,836,000,000 | 11,825,000,000 | 11,825,000,000 | 11,825,000,000 | 11,753,000,000 | 11,753,000,000 | 11,753,000,000 | 11,741,000,000 | 11,681,000,000 | 11,681,000,000 | 11,681,000,000 | 11,681,000,000 | 11,681,000,000 | 11,681,000,000 | 11,681,000,000 | 11,681,000,000 | 11,668,000,000 | 11,668,000,000 | 11,668,000,000 | 11,668,000,000 | 11,588,000,000 | 11,447,000,000 | 11,447,000,000 | 10,208,000,000 | 10,208,000,000 | 10,208,000,000 | 10,208,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,213,000,000 | 10,139,000,000 | 10,216,000,000 | 9,055,000,000 | |
intangible assets | 27,750,000,000 | 27,664,000,000 | 27,646,000,000 | 27,660,000,000 | 26,408,000,000 | 25,889,000,000 | 26,889,000,000 | 26,243,000,000 | 26,375,000,000 | 26,739,000,000 | 26,104,000,000 | 26,576,000,000 | 26,574,000,000 | 26,307,000,000 | 25,065,000,000 | 26,093,000,000 | 27,006,000,000 | 27,272,000,000 | 27,664,000,000 | 28,023,000,000 | 27,823,000,000 | 28,593,000,000 | 27,808,000,000 | 27,188,000,000 | 27,011,000,000 | 27,137,000,000 | 26,780,000,000 | 27,272,000,000 | 26,966,000,000 | 27,301,000,000 | 27,558,000,000 | 27,628,000,000 | 28,537,000,000 | 28,109,000,000 | 27,848,000,000 | 27,322,000,000 | 26,416,000,000 | 26,381,000,000 | 27,234,000,000 | 27,078,000,000 | 11,335,000,000 | 11,348,000,000 | 11,361,000,000 | 11,375,000,000 | 11,379,000,000 | 11,395,000,000 | 11,411,000,000 | 11,427,000,000 | 11,317,000,000 | 11,334,000,000 | 11,351,000,000 | 11,368,000,000 | 11,385,000,000 | 11,403,000,000 | 11,420,000,000 | 11,437,000,000 | 11,437,000,000 | 11,454,000,000 | 11,436,000,000 | 11,453,000,000 | 11,464,000,000 | 11,463,000,000 | 11,478,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | 10,883,000,000 | |
other assets | 4,183,000,000 | 3,967,000,000 | 3,944,000,000 | 3,735,000,000 | 3,617,000,000 | 3,467,000,000 | 3,651,000,000 | 4,006,000,000 | 3,692,000,000 | 3,596,000,000 | 3,731,000,000 | 3,603,000,000 | 3,510,000,000 | 3,569,000,000 | 3,737,000,000 | 3,662,000,000 | 3,896,000,000 | 3,911,000,000 | 4,002,000,000 | 3,548,000,000 | 3,445,000,000 | 3,366,000,000 | 3,413,000,000 | 3,433,000,000 | 3,197,000,000 | 2,619,000,000 | 2,232,000,000 | 2,038,000,000 | 1,695,000,000 | 1,265,000,000 | 1,165,000,000 | 1,085,000,000 | 1,063,000,000 | 1,127,000,000 | 1,226,000,000 | 1,079,000,000 | 980,000,000 | 921,000,000 | 893,000,000 | 936,000,000 | 852,000,000 | 832,000,000 | 776,000,000 | 920,000,000 | 887,000,000 | 896,000,000 | 855,000,000 | 828,000,000 | 843,000,000 | 584,000,000 | 521,000,000 | 332,000,000 | 331,000,000 | 306,000,000 | 151,000,000 | 123,000,000 | 112,000,000 | 121,000,000 | 129,000,000 | 184,000,000 | 189,000,000 | 217,000,000 | 197,000,000 | 192,000,000 | 186,000,000 | 120,000,000 | 125,000,000 | 77,000,000 | 687,000,000 | 628,000,000 | 634,000,000 | 639,000,000 | 623,000,000 | 625,000,000 | 91,159,000 |
total assets | 95,049,000,000 | 96,814,000,000 | 99,627,000,000 | 100,024,000,000 | 92,853,000,000 | 91,888,000,000 | 94,511,000,000 | 91,040,000,000 | 92,399,000,000 | 91,409,000,000 | 90,499,000,000 | 89,234,000,000 | 86,755,000,000 | 85,387,000,000 | 85,501,000,000 | 85,410,000,000 | 81,808,000,000 | 81,929,000,000 | 82,896,000,000 | 82,671,000,000 | 80,195,000,000 | 80,426,000,000 | 80,919,000,000 | 77,884,000,000 | 72,820,000,000 | 74,781,000,000 | 72,574,000,000 | 70,249,000,000 | 69,865,000,000 | 71,655,000,000 | 69,225,000,000 | 68,175,000,000 | 69,042,000,000 | 67,154,000,000 | 67,977,000,000 | 64,000,000,000 | 63,227,000,000 | 63,370,000,000 | 64,035,000,000 | 63,867,000,000 | 54,326,000,000 | 54,977,000,000 | 40,236,000,000 | 39,429,000,000 | 38,835,000,000 | 38,884,000,000 | 38,569,000,000 | 37,675,000,000 | 37,263,000,000 | 36,248,000,000 | 35,956,000,000 | 35,285,000,000 | 35,059,000,000 | 35,859,000,000 | 40,013,000,000 | 38,741,000,000 | 36,846,000,000 | 35,768,000,000 | 34,760,000,000 | 34,447,000,000 | 34,422,000,000 | 33,989,000,000 | 33,408,000,000 | 32,696,000,000 | 32,068,000,000 | 31,715,000,000 | 32,281,000,000 | 32,624,000,000 | 31,964,000,000 | 31,822,000,000 | 34,981,000,000 | 34,442,000,000 | 33,869,000,000 | 27,742,000,000 | 4,390,117,000 |
liabilities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable | 557,000,000 | 433,000,000 | 555,000,000 | 462,000,000 | 421,000,000 | 405,000,000 | 479,000,000 | 331,000,000 | 338,000,000 | 348,000,000 | 375,000,000 | 281,000,000 | 280,000,000 | 258,000,000 | 340,000,000 | 228,000,000 | 182,000,000 | 252,000,000 | 266,000,000 | 172,000,000 | 126,000,000 | 131,000,000 | 174,000,000 | 153,000,000 | 161,000,000 | 133,000,000 | 156,000,000 | 150,000,000 | 119,000,000 | 124,000,000 | 183,000,000 | 145,000,000 | 136,000,000 | 108,000,000 | 179,000,000 | 130,000,000 | 120,000,000 | 118,000,000 | 203,000,000 | 115,000,000 | 90,000,000 | 118,000,000 | 127,000,000 | 89,000,000 | 81,000,000 | 135,000,000 | 147,000,000 | 101,000,000 | 114,000,000 | 101,000,000 | 184,000,000 | 131,000,000 | 118,000,000 | 114,000,000 | 152,000,000 | 111,000,000 | 75,000,000 | 87,000,000 | 169,000,000 | 93,000,000 | 86,000,000 | 95,000,000 | 137,000,000 | 94,000,000 | 78,000,000 | 87,000,000 | 156,000,000 | 106,000,000 | 72,000,000 | 93,000,000 | 159,000,000 | 109,000,000 | 111,000,000 | 76,000,000 | 98,586,000 |
settlement payable | 3,048,000,000 | 4,337,000,000 | 4,568,000,000 | 6,038,000,000 | 4,996,000,000 | 4,425,000,000 | 5,265,000,000 | 2,576,000,000 | 4,485,000,000 | 3,724,000,000 | 3,269,000,000 | 3,675,000,000 | 3,069,000,000 | 3,573,000,000 | 3,281,000,000 | 3,068,000,000 | 2,409,000,000 | 2,774,000,000 | 2,443,000,000 | 2,376,000,000 | 2,000,000,000 | 2,048,000,000 | 1,736,000,000 | 2,725,000,000 | 1,869,000,000 | 4,277,000,000 | 3,990,000,000 | 2,420,000,000 | 2,081,000,000 | 3,890,000,000 | 2,168,000,000 | 2,310,000,000 | 3,052,000,000 | 2,302,000,000 | 2,003,000,000 | 2,075,000,000 | 2,879,000,000 | 2,059,000,000 | 2,084,000,000 | 1,999,000,000 | 723,000,000 | 744,000,000 | 780,000,000 | 1,237,000,000 | 1,126,000,000 | 855,000,000 | 1,332,000,000 | 1,307,000,000 | 1,099,000,000 | 1,246,000,000 | 1,225,000,000 | 817,000,000 | 722,000,000 | 1,072,000,000 | 719,000,000 | 747,000,000 | 702,000,000 | 426,000,000 | 449,000,000 | 465,000,000 | 325,000,000 | 430,000,000 | 406,000,000 | 446,000,000 | 618,000,000 | 629,000,000 | 634,000,000 | 979,000,000 | 760,000,000 | 642,000,000 | 1,095,000,000 | 1,153,000,000 | 916,000,000 | 1,012,000,000 | 49,882,000 |
accrued compensation and benefits | 1,392,000,000 | 1,158,000,000 | 1,863,000,000 | 1,474,000,000 | 1,225,000,000 | 1,226,000,000 | 1,538,000,000 | 1,251,000,000 | 1,065,000,000 | 816,000,000 | 1,506,000,000 | 1,215,000,000 | 998,000,000 | 736,000,000 | 1,359,000,000 | 1,106,000,000 | 877,000,000 | 725,000,000 | 1,211,000,000 | 1,044,000,000 | 794,000,000 | 600,000,000 | 821,000,000 | 703,000,000 | 573,000,000 | 527,000,000 | 796,000,000 | 687,000,000 | 578,000,000 | 440,000,000 | 901,000,000 | 729,000,000 | 530,000,000 | 389,000,000 | 757,000,000 | 638,000,000 | 500,000,000 | 433,000,000 | 673,000,000 | 511,000,000 | 376,000,000 | 317,000,000 | 503,000,000 | 439,000,000 | 334,000,000 | 307,000,000 | 450,000,000 | 398,000,000 | 356,000,000 | 337,000,000 | 523,000,000 | 444,000,000 | 358,000,000 | 288,000,000 | 460,000,000 | 389,000,000 | 332,000,000 | 259,000,000 | 387,000,000 | 334,000,000 | 281,000,000 | 241,000,000 | 370,000,000 | 289,000,000 | 276,000,000 | 228,000,000 | 396,000,000 | 296,000,000 | 273,000,000 | 262,000,000 | 420,000,000 | 372,000,000 | 317,000,000 | 312,000,000 | 244,314,000 |
accrued liabilities | 5,670,000,000 | 5,576,000,000 | 5,466,000,000 | 4,907,000,000 | 4,507,000,000 | 4,690,000,000 | 4,909,000,000 | 4,732,000,000 | 4,386,000,000 | 5,077,000,000 | 5,015,000,000 | 4,075,000,000 | 3,626,000,000 | 3,940,000,000 | 3,726,000,000 | 3,303,000,000 | 3,172,000,000 | 2,965,000,000 | 2,334,000,000 | 2,196,000,000 | 2,088,000,000 | 2,230,000,000 | 1,840,000,000 | 2,397,000,000 | 1,998,000,000 | 2,045,000,000 | 1,625,000,000 | 1,358,000,000 | 1,207,000,000 | 1,487,000,000 | 1,160,000,000 | 1,099,000,000 | 1,241,000,000 | 1,224,000,000 | 1,129,000,000 | 940,000,000 | 1,167,000,000 | 1,546,000,000 | 1,128,000,000 | 1,195,000,000 | 741,000,000 | 1,009,000,000 | 868,000,000 | 806,000,000 | 701,000,000 | 1,049,000,000 | 624,000,000 | 610,000,000 | 582,000,000 | 947,000,000 | 613,000,000 | 628,000,000 | 599,000,000 | 578,000,000 | 584,000,000 | 574,000,000 | 544,000,000 | 886,000,000 | 562,000,000 | 611,000,000 | 780,000,000 | 920,000,000 | 625,000,000 | 707,000,000 | 698,000,000 | 883,000,000 | 754,000,000 | 587,000,000 | 300,000,000 | 362,000,000 | 306,000,000 | 383,000,000 | 540,000,000 | 638,000,000 | 420,739,000 |
current maturities of debt | 1,559,000,000 | 1,589,000,000 | 5,569,000,000 | 5,548,000,000 | 3,948,000,000 | 3,929,000,000 | 2,250,000,000 | 3,249,000,000 | 3,548,000,000 | 3,247,000,000 | 999,000,000 | 2,999,000,000 | 2,999,000,000 | 3,999,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued litigation | 981,000,000 | 3,406,000,000 | 3,033,000,000 | 2,352,000,000 | 2,076,000,000 | 1,649,000,000 | 1,727,000,000 | 1,688,000,000 | 1,853,000,000 | 1,471,000,000 | 1,751,000,000 | 1,545,000,000 | 1,602,000,000 | 1,702,000,000 | 1,456,000,000 | 1,486,000,000 | 769,000,000 | 1,027,000,000 | 983,000,000 | 900,000,000 | 886,000,000 | 909,000,000 | 914,000,000 | 1,156,000,000 | 1,268,000,000 | 1,629,000,000 | 1,203,000,000 | 856,000,000 | 914,000,000 | 1,489,000,000 | 1,434,000,000 | 1,428,000,000 | 830,000,000 | 830,000,000 | 982,000,000 | 995,000,000 | 996,000,000 | 994,000,000 | 981,000,000 | 978,000,000 | 1,013,000,000 | 1,012,000,000 | 1,024,000,000 | 1,097,000,000 | 1,135,000,000 | 1,353,000,000 | 1,456,000,000 | 1,060,000,000 | 1,060,000,000 | 4,000,000 | 5,000,000 | 5,000,000 | 6,000,000 | 5,000,000 | 4,386,000,000 | 4,384,000,000 | 286,000,000 | 356,000,000 | 66,000,000 | 132,000,000 | 196,000,000 | 260,000,000 | 323,000,000 | 905,000,000 | 957,000,000 | 1,009,000,000 | 1,060,000,000 | 1,303,000,000 | 1,349,000,000 | 1,395,000,000 | 1,445,717,000 | ||||
total current liabilities | 29,076,000,000 | 31,491,000,000 | 35,048,000,000 | 34,427,000,000 | 30,381,000,000 | 29,091,000,000 | 26,517,000,000 | 22,612,000,000 | 23,443,000,000 | 22,634,000,000 | 23,098,000,000 | 21,230,000,000 | 19,097,000,000 | 19,353,000,000 | 20,853,000,000 | 20,309,000,000 | 18,702,000,000 | 18,568,000,000 | 15,739,000,000 | 14,023,000,000 | 12,711,000,000 | 12,390,000,000 | 14,510,000,000 | 16,100,000,000 | 15,942,000,000 | 17,579,000,000 | 13,415,000,000 | 10,829,000,000 | 11,380,000,000 | 13,389,000,000 | 11,305,000,000 | 10,934,000,000 | 9,551,000,000 | 8,363,000,000 | 9,994,000,000 | 9,511,000,000 | 10,206,000,000 | 10,341,000,000 | 8,046,000,000 | 7,783,000,000 | 5,125,000,000 | 5,357,000,000 | 5,374,000,000 | 5,789,000,000 | 5,443,000,000 | 5,798,000,000 | 6,006,000,000 | 5,314,000,000 | 4,961,000,000 | 4,385,000,000 | 4,335,000,000 | 3,671,000,000 | 3,539,000,000 | 3,747,000,000 | 7,954,000,000 | 7,854,000,000 | 3,587,000,000 | 3,537,000,000 | 3,451,000,000 | 3,531,000,000 | 3,465,000,000 | 3,679,000,000 | 3,498,000,000 | 3,482,000,000 | 3,537,000,000 | 3,637,000,000 | 4,442,000,000 | 4,435,000,000 | 4,243,000,000 | 4,612,000,000 | 7,165,000,000 | 6,065,000,000 | 5,841,000,000 | 5,179,000,000 | 3,282,089,000 |
long-term debt | 22,417,000,000 | 19,588,000,000 | 19,602,000,000 | 19,590,000,000 | 16,814,000,000 | 16,680,000,000 | 20,836,000,000 | 20,602,000,000 | 20,603,000,000 | 20,703,000,000 | 20,463,000,000 | 20,560,000,000 | 20,606,000,000 | 20,487,000,000 | 20,200,000,000 | 20,546,000,000 | 17,479,000,000 | 17,673,000,000 | 19,978,000,000 | 20,996,000,000 | 20,974,000,000 | 21,055,000,000 | 21,071,000,000 | 17,880,000,000 | 13,893,000,000 | 13,688,000,000 | 16,729,000,000 | 16,694,000,000 | 16,630,000,000 | 16,633,000,000 | 16,630,000,000 | 16,627,000,000 | 16,624,000,000 | 16,621,000,000 | 16,618,000,000 | 14,142,000,000 | 14,140,000,000 | 14,138,000,000 | 15,882,000,000 | 15,879,000,000 | 15,876,000,000 | 15,877,000,000 | 22,000,000 | 25,000,000 | 29,000,000 | 32,000,000 | 35,000,000 | 38,000,000 | 41,000,000 | 44,000,000 | 46,000,000 | 50,000,000 | 53,000,000 | 55,000,000 | 98,000,000 | 40,000,000 | 40,000,000 | ||||||||||||||||||
deferred tax liabilities | 5,893,000,000 | 5,241,000,000 | 5,549,000,000 | 5,755,000,000 | 5,160,000,000 | 5,192,000,000 | 5,301,000,000 | 5,119,000,000 | 5,145,000,000 | 5,275,000,000 | 5,114,000,000 | 5,380,000,000 | 5,462,000,000 | 5,443,000,000 | 5,332,000,000 | 5,685,000,000 | 6,081,000,000 | 6,078,000,000 | 6,128,000,000 | 6,240,000,000 | 5,212,000,000 | 5,343,000,000 | 5,237,000,000 | 4,728,000,000 | 4,796,000,000 | 4,810,000,000 | 4,807,000,000 | 4,930,000,000 | 4,911,000,000 | 4,835,000,000 | 4,618,000,000 | 4,802,000,000 | 5,110,000,000 | 5,107,000,000 | 5,980,000,000 | 5,888,000,000 | 5,731,000,000 | 4,822,000,000 | 4,808,000,000 | 4,977,000,000 | 3,256,000,000 | 3,344,000,000 | 4,123,000,000 | 4,134,000,000 | 4,131,000,000 | 4,139,000,000 | 4,145,000,000 | 4,170,000,000 | 4,146,000,000 | 4,160,000,000 | 4,149,000,000 | 4,043,000,000 | 4,046,000,000 | 4,057,000,000 | 4,058,000,000 | 3,944,000,000 | 3,941,000,000 | 4,212,000,000 | 4,205,000,000 | 4,254,000,000 | 4,205,000,000 | 4,186,000,000 | 4,181,000,000 | 3,798,000,000 | 3,808,000,000 | 3,806,000,000 | 3,807,000,000 | 3,653,000,000 | 3,859,000,000 | 3,843,000,000 | 3,811,000,000 | 3,545,000,000 | 3,563,000,000 | 3,658,000,000 | |
other liabilities | 2,002,000,000 | 1,717,000,000 | 1,519,000,000 | 1,588,000,000 | 2,468,000,000 | 2,629,000,000 | 2,720,000,000 | 2,978,000,000 | 2,723,000,000 | 3,064,000,000 | 3,091,000,000 | 3,083,000,000 | 3,025,000,000 | 3,180,000,000 | 3,535,000,000 | 3,387,000,000 | 3,557,000,000 | 3,416,000,000 | 3,462,000,000 | 3,622,000,000 | 3,602,000,000 | 3,959,000,000 | 3,891,000,000 | 3,652,000,000 | 3,604,000,000 | 3,434,000,000 | 2,939,000,000 | 2,801,000,000 | 2,669,000,000 | 2,703,000,000 | 2,666,000,000 | 2,494,000,000 | 2,287,000,000 | 2,332,000,000 | 1,321,000,000 | 1,257,000,000 | 1,187,000,000 | 1,179,000,000 | 1,162,000,000 | 1,192,000,000 | 938,000,000 | 923,000,000 | 897,000,000 | 879,000,000 | 1,024,000,000 | 1,005,000,000 | 1,005,000,000 | 905,000,000 | 861,000,000 | 689,000,000 | 602,000,000 | 568,000,000 | 579,000,000 | 467,000,000 | 371,000,000 | 785,000,000 | 797,000,000 | 718,000,000 | 667,000,000 | 588,000,000 | 573,000,000 | 551,000,000 | 617,000,000 | 569,000,000 | 502,000,000 | 494,000,000 | 472,000,000 | 786,000,000 | 731,000,000 | 660,000,000 | 613,000,000 | 755,000,000 | 761,000,000 | 754,000,000 | 125,028,000 |
total liabilities | 59,388,000,000 | 58,037,000,000 | 61,718,000,000 | 61,360,000,000 | 54,823,000,000 | 53,592,000,000 | 55,374,000,000 | 51,311,000,000 | 51,914,000,000 | 51,676,000,000 | 51,766,000,000 | 50,253,000,000 | 48,190,000,000 | 48,463,000,000 | 49,920,000,000 | 49,927,000,000 | 45,819,000,000 | 45,735,000,000 | 45,307,000,000 | 44,881,000,000 | 42,499,000,000 | 42,747,000,000 | 44,709,000,000 | 42,360,000,000 | 38,235,000,000 | 39,511,000,000 | 37,890,000,000 | 35,254,000,000 | 35,590,000,000 | 37,560,000,000 | 35,219,000,000 | 34,857,000,000 | 34,939,000,000 | 33,753,000,000 | 35,217,000,000 | 32,056,000,000 | 32,444,000,000 | 31,644,000,000 | 31,123,000,000 | 31,040,000,000 | 25,195,000,000 | 25,501,000,000 | 10,394,000,000 | 10,802,000,000 | 10,598,000,000 | 10,942,000,000 | 11,156,000,000 | 10,389,000,000 | 9,968,000,000 | 9,234,000,000 | 9,086,000,000 | 8,282,000,000 | 8,164,000,000 | 8,271,000,000 | 12,383,000,000 | 12,583,000,000 | 8,325,000,000 | 8,467,000,000 | 8,323,000,000 | 8,395,000,000 | 8,268,000,000 | 8,445,000,000 | 8,394,000,000 | 8,016,000,000 | 8,081,000,000 | 8,238,000,000 | 9,088,000,000 | 9,825,000,000 | 9,840,000,000 | 10,177,000,000 | 12,704,000,000 | 11,766,000,000 | 11,554,000,000 | 11,026,000,000 | 4,852,834,000 |
commitments and contingencies | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.0001 par value... | 528,000,000 | 551,000,000 | 745,000,000 | 871,000,000 | 880,000,000 | 904,000,000 | 1,031,000,000 | 1,425,000,000 | 1,602,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-1 and b-2 total common stock, 125 shares issued and outstanding as of march 31, 2026 and september 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 9 shares issued and outstanding as of march 31, 2026 and september 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right to recover for covered losses | -44,000,000 | -19,000,000 | -124,000,000 | -118,000,000 | -120,000,000 | -123,000,000 | -104,000,000 | -46,000,000 | -175,000,000 | -139,000,000 | -140,000,000 | -25,000,000 | -35,000,000 | -28,000,000 | -35,000,000 | -23,000,000 | -120,000,000 | -111,000,000 | -133,000,000 | -24,000,000 | -41,000,000 | -34,000,000 | -39,000,000 | -24,000,000 | -184,000,000 | -175,000,000 | -171,000,000 | -169,000,000 | -163,000,000 | -92,000,000 | -7,000,000 | -5,000,000 | -6,000,000 | -5,000,000 | -52,000,000 | -8,000,000 | -77,000,000 | -128,000,000 | -34,000,000 | -25,000,000 | |||||||||||||||||||||||||||||||||||
additional paid-in capital | 22,033,000,000 | 21,980,000,000 | 21,934,000,000 | 21,746,000,000 | 21,579,000,000 | 21,324,000,000 | 21,229,000,000 | 20,832,000,000 | 20,709,000,000 | 18,962,000,000 | 18,876,000,000 | 18,776,000,000 | 18,855,000,000 | 18,787,000,000 | 18,505,000,000 | 18,063,000,000 | 16,721,000,000 | 16,457,000,000 | 16,385,000,000 | 16,424,000,000 | 16,541,000,000 | 16,552,000,000 | 16,547,000,000 | 16,540,000,000 | 16,678,000,000 | 16,686,000,000 | 16,713,000,000 | 16,761,000,000 | 16,900,000,000 | 17,009,000,000 | 17,103,000,000 | 17,184,000,000 | 17,395,000,000 | 17,514,000,000 | 17,645,000,000 | 17,824,000,000 | 18,073,000,000 | 18,008,000,000 | 18,098,000,000 | 18,200,000,000 | 18,299,000,000 | 18,393,000,000 | 18,555,000,000 | 18,702,000,000 | 18,875,000,000 | 19,130,000,000 | 19,305,000,000 | 19,728,000,000 | 19,992,000,000 | 19,922,000,000 | 20,009,000,000 | 19,929,000,000 | 19,907,000,000 | 20,056,000,000 | 20,583,000,000 | 20,668,000,000 | 20,794,000,000 | 20,936,000,000 | 20,883,000,000 | 20,957,000,000 | 21,160,000,000 | 21,115,000,000 | 21,077,000,000 | 21,059,000,000 | 21,060,000,000 | 21,007,000,000 | 20,970,000,000 | ||||||||
accumulated income | 13,122,000,000 | 16,018,000,000 | 15,106,000,000 | 15,956,000,000 | 16,518,000,000 | 17,438,000,000 | 17,289,000,000 | 18,578,000,000 | 19,347,000,000 | 18,422,000,000 | 18,040,000,000 | 17,908,000,000 | 17,610,000,000 | 16,403,000,000 | 16,116,000,000 | 14,960,000,000 | 14,651,000,000 | 14,606,000,000 | 15,351,000,000 | 15,294,000,000 | 15,513,000,000 | 14,813,000,000 | 14,088,000,000 | 14,072,000,000 | 13,366,000,000 | 13,899,000,000 | 13,502,000,000 | 13,040,000,000 | 12,513,000,000 | 11,908,000,000 | 11,318,000,000 | 10,426,000,000 | 10,192,000,000 | 9,966,000,000 | 9,508,000,000 | 9,299,000,000 | 9,140,000,000 | 10,492,000,000 | 10,462,000,000 | 10,334,000,000 | 11,582,000,000 | 11,701,000,000 | 11,843,000,000 | 10,623,000,000 | 10,108,000,000 | 9,732,000,000 | 9,131,000,000 | 8,909,000,000 | 8,714,000,000 | 8,269,000,000 | 7,974,000,000 | 7,989,000,000 | 7,723,000,000 | 7,997,000,000 | 7,809,000,000 | 6,411,000,000 | 8,688,000,000 | 7,544,000,000 | 6,706,000,000 | 6,130,000,000 | 5,707,000,000 | 5,023,000,000 | 4,368,000,000 | 3,822,000,000 | 3,199,000,000 | 2,691,000,000 | 2,219,000,000 | 1,783,000,000 | 1,133,000,000 | 677,000,000 | 186,000,000 | 551,000,000 | 223,000,000 | ||
accumulated other comprehensive income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
defined benefit pension and other postretirement plans | -24,000,000 | -30,000,000 | -32,000,000 | -14,000,000 | -8,000,000 | -15,000,000 | -16,000,000 | -145,000,000 | -145,000,000 | -153,000,000 | -155,000,000 | -158,000,000 | -161,000,000 | -167,000,000 | -169,000,000 | -48,000,000 | -48,000,000 | -47,000,000 | -49,000,000 | -187,000,000 | -192,000,000 | -194,000,000 | -196,000,000 | -192,000,000 | -199,000,000 | -203,000,000 | -192,000,000 | -66,000,000 | -67,000,000 | -67,000,000 | -61,000,000 | -74,000,000 | -77,000,000 | -76,000,000 | -76,000,000 | -207,000,000 | -216,000,000 | -221,000,000 | -225,000,000 | -126,000,000 | -126,000,000 | -131,000,000 | -161,000,000 | -86,000,000 | -84,000,000 | -80,000,000 | -84,000,000 | -68,000,000 | -68,000,000 | -60,000,000 | -60,000,000 | -181,000,000 | -183,000,000 | -184,000,000 | -186,000,000 | -189,000,000 | -194,000,000 | -183,000,000 | -186,000,000 | -112,000,000 | -114,000,000 | -114,000,000 | -115,000,000 | -71,000,000 | -71,000,000 | -133,000,000 | -136,000,000 | ||||||||
derivative instruments | -162,000,000 | -245,000,000 | -307,000,000 | -356,000,000 | -206,000,000 | -105,000,000 | -213,000,000 | -120,000,000 | -162,000,000 | -208,000,000 | -177,000,000 | -259,000,000 | -268,000,000 | -213,000,000 | 418,000,000 | 135,000,000 | -136,000,000 | -171,000,000 | -257,000,000 | -371,000,000 | -310,000,000 | -538,000,000 | -291,000,000 | -39,000,000 | 78,000,000 | 49,000,000 | 199,000,000 | 24,000,000 | 96,000,000 | -40,000,000 | -13,000,000 | -39,000,000 | -50,000,000 | -58,000,000 | |||||||||||||||||||||||||||||||||||||||||
foreign currency translation adjustments | 203,000,000 | 512,000,000 | 575,000,000 | 567,000,000 | -627,000,000 | -1,139,000,000 | -109,000,000 | -776,000,000 | -666,000,000 | -276,000,000 | -921,000,000 | -481,000,000 | -495,000,000 | -785,000,000 | -2,512,000,000 | -1,280,000,000 | -180,000,000 | 155,000,000 | 743,000,000 | 1,160,000,000 | 873,000,000 | 1,884,000,000 | 838,000,000 | -52,000,000 | -329,000,000 | -190,000,000 | -663,000,000 | 146,000,000 | -116,000,000 | 278,000,000 | 565,000,000 | 651,000,000 | 1,763,000,000 | 1,251,000,000 | 917,000,000 | 282,000,000 | -803,000,000 | -1,207,000,000 | -219,000,000 | -405,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -2,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | -12,000,000 | -4,000,000 | -8,000,000 | -8,000,000 | 9,000,000 | |||||||||||||||
total accumulated other comprehensive income | 22,000,000 | 247,000,000 | 248,000,000 | 209,000,000 | -827,000,000 | -1,247,000,000 | -308,000,000 | -1,060,000,000 | -998,000,000 | -655,000,000 | -1,317,000,000 | -978,000,000 | -990,000,000 | -1,259,000,000 | -2,369,000,000 | -1,267,000,000 | -405,000,000 | -72,000,000 | 436,000,000 | 601,000,000 | 372,000,000 | 1,154,000,000 | 354,000,000 | -279,000,000 | -444,000,000 | -340,000,000 | -650,000,000 | 110,000,000 | -86,000,000 | 275,000,000 | 547,000,000 | 741,000,000 | 1,728,000,000 | 1,203,000,000 | 878,000,000 | 118,000,000 | 31,000,000 | 10,000,000 | -17,000,000 | -16,000,000 | 26,000,000 | 43,000,000 | 21,000,000 | ||||||||||||||||||||||||||||||||
total equity | 35,661,000,000 | 38,777,000,000 | 37,909,000,000 | 38,664,000,000 | 38,030,000,000 | 38,296,000,000 | 39,137,000,000 | 39,729,000,000 | 40,485,000,000 | 39,733,000,000 | 38,733,000,000 | 38,981,000,000 | 38,565,000,000 | 36,924,000,000 | 35,581,000,000 | 35,483,000,000 | 35,989,000,000 | 36,194,000,000 | 37,589,000,000 | 37,790,000,000 | 37,696,000,000 | 37,679,000,000 | 36,210,000,000 | 35,524,000,000 | 34,585,000,000 | 35,270,000,000 | 34,684,000,000 | 34,995,000,000 | 34,275,000,000 | 34,095,000,000 | 34,006,000,000 | 33,318,000,000 | 34,103,000,000 | 33,401,000,000 | 32,760,000,000 | 31,944,000,000 | 30,783,000,000 | 31,726,000,000 | 32,912,000,000 | 32,827,000,000 | 29,131,000,000 | 29,476,000,000 | 29,842,000,000 | 28,627,000,000 | 28,237,000,000 | 27,942,000,000 | 27,413,000,000 | 27,286,000,000 | 27,295,000,000 | 27,014,000,000 | 26,870,000,000 | 27,003,000,000 | 26,895,000,000 | 27,588,000,000 | 27,630,000,000 | 26,158,000,000 | 28,521,000,000 | 27,301,000,000 | 26,437,000,000 | 26,052,000,000 | 26,154,000,000 | 25,544,000,000 | 25,014,000,000 | 24,680,000,000 | 23,987,000,000 | 23,477,000,000 | |||||||||
total liabilities and equity | 95,049,000,000 | 96,814,000,000 | 99,627,000,000 | 100,024,000,000 | 92,853,000,000 | 91,888,000,000 | 94,511,000,000 | 91,040,000,000 | 92,399,000,000 | 91,409,000,000 | 90,499,000,000 | 89,234,000,000 | 86,755,000,000 | 85,387,000,000 | 85,501,000,000 | 85,410,000,000 | 81,808,000,000 | 81,929,000,000 | 82,896,000,000 | 82,671,000,000 | 80,195,000,000 | 80,426,000,000 | 80,919,000,000 | 77,884,000,000 | 72,820,000,000 | 74,781,000,000 | 72,574,000,000 | 70,249,000,000 | 69,865,000,000 | 71,655,000,000 | 69,225,000,000 | 68,175,000,000 | 69,042,000,000 | 67,154,000,000 | 67,977,000,000 | 64,000,000,000 | 63,227,000,000 | 63,370,000,000 | 64,035,000,000 | 63,867,000,000 | 54,326,000,000 | 54,977,000,000 | 40,236,000,000 | 39,429,000,000 | 38,835,000,000 | 38,884,000,000 | 38,569,000,000 | 37,675,000,000 | 37,263,000,000 | 36,248,000,000 | 35,956,000,000 | 35,285,000,000 | 35,059,000,000 | 35,859,000,000 | 40,013,000,000 | 38,741,000,000 | 36,846,000,000 | 35,768,000,000 | 34,760,000,000 | 34,447,000,000 | 34,422,000,000 | 33,989,000,000 | 33,408,000,000 | 32,696,000,000 | 32,068,000,000 | 31,715,000,000 | |||||||||
class b-1 and b-2 total common stock, 125 shares issued and outstanding as of december 31, 2025 and september 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 9 shares issued and outstanding as of december 31, 2025 and september 30, 2025 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-1 and b-2 total common stock, 125 shares issued and outstanding as of september 30, 2025 and 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 9 and 10 shares issued and outstanding as of september 30, 2025 and 2024, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-1 and b-2 total common stock, 125 shares issued and outstanding as of june 30, 2025 and september 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 9 and 10 shares issued and outstanding as of june 30, 2025 and september 30, 2024, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-1 and b-2 total common stock, 125 shares issued and outstanding as of march 31, 2025 and september 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 9 and 10 shares issued and outstanding as of march 31, 2025 and september 30, 2024, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-1 and b-2 total common stock, 125 shares issued and outstanding as of december 31, 2024 and september 30, 2024 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 9 and 10 shares issued and outstanding as of december 31, 2024 and september 30, 2024, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-1 and b-2 total common stock (collectively, class b common stock), 125 and 245 shares issued and outstanding as of september 30, 2024 and 2023, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 10 shares issued and outstanding as of september 30, 2024 and 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-1 and b-2 total common stock, 125 and 245 shares issued and outstanding as of june 30, 2024 and september 30, 2023, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 27 and 10 shares issued and outstanding as of june 30, 2024 and september 30, 2023, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b-1 common stock, 245 shares issued and outstanding as of march 31, 2024 and september 30, 2023 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 9 and 10 shares issued and outstanding as of march 31, 2024 and september 30, 2023, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, series b and series c convertible participating preferred stock (preferred stock), 0.0001 par value: 25 shares authorized and 5 (series a less than one, series b 2, series c 3) shares issued and outstanding as of december 31, 2023 and september 30, 2023 | 1,615,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, class b and class c common stock and additional paid-in capital, 0.0001 par value: 2,003,341 shares authorized (class a 2,001,622, class b 622, class c 1,097); 1,836 (class a 1,582, class b 245, class c 9) and 1,849 (class a 1,594, class b 245, class c 10) shares issued and outstanding as of december 31, 2023 and september 30, 2023, respectively | 20,490,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, series b and series c convertible participating preferred stock (preferred stock), 0.0001 par value: 25 shares authorized and 5 (series a less than one, series b 2, series c 3) shares issued and outstanding as of september 30, 2023 and 2022 | 1,698,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, class b and class c common stock and additional paid-in capital, 0.0001 par value: 2,003,341 shares authorized (class a 2,001,622, class b 622, class c 1,097); 1,849 (class a 1,594, class b 245, class c 10) and 1,890 (class a 1,635, class b 245, class c 10) shares issued and outstanding as of september 30, 2023 and 2022, respectively | 20,452,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a, series b and series c convertible participating preferred stock (preferred stock), 0.0001 par value: 25 shares authorized and 5 (series a less than one, series b 2, series c 3) shares issued and outstanding | 1,786,000,000 | 1,885,000,000 | 1,981,000,000 | 2,324,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, class b and class c common stock and additional paid-in capital, 0.0001 par value: 2,003,341 shares authorized (class a 2,001,622, class b 622, class c 1,097); 1,862 (class a 1,607, class b 245, class c 10) and 1,890 (class a 1,635, class b 245, class c 10) shares issued and outstanding | 20,290,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income, net: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, class b and class c common stock and additional paid-in capital, 0.0001 par value: 2,003,341 shares authorized (class a 2,001,622, class b 622, class c 1,097); 1,874 (class a 1,619, class b 245, class c 10) and 1,890 (class a 1,635, class b 245, class c 10) shares issued and outstanding | 20,095,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, class b and class c common stock and additional paid-in capital, 0.0001 par value: 2,003,341 shares authorized (class a 2,001,622, class b 622, class c 1,097); 1,881 (class a 1,626, class b 245, class c 10) and 1,890 (class a 1,635, class b 245, class c 10) shares issued and outstanding | 19,827,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a, class b and class c common stock and additional paid-in capital, 0.0001 par value: 2,003,341 shares authorized (class a 2,001,622, class b 622, class c 1,097); 1,890 (class a 1,635, class b 245, class c 10) and 1,932 (class a 1,677, class b 245, class c 10) shares issued and outstanding | 19,545,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, less than one shares issued and outstanding at june 30, 2022 and september 30, 2021 | 398,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at june 30, 2022 and september 30, 2021 | 936,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at june 30, 2022 and september 30, 2021 | 1,517,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class a common stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class b common stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c common stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, less than one shares issued and outstanding at march 31, 2022 and september 30, 2021 | 422,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at march 31, 2022 and september 30, 2021 | 1,045,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at march 31, 2022 and september 30, 2021 | 1,520,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, less than one shares issued and outstanding at december 31, 2021 and september 30, 2021 | 430,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at december 31, 2021 and september 30, 2021 | 1,045,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at december 31, 2021 and september 30, 2021 | 1,520,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, less than one shares issued and outstanding at september 30, 2021 and 2020 | 486,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at september 30, 2021 and 2020 | 1,071,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at september 30, 2021 and 2020 | 1,523,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, less than one shares issued and outstanding at june 30, 2021 and september 30, 2020 | 538,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at june 30, 2021 and september 30, 2020 | 1,071,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at june 30, 2021 and september 30, 2020 | 1,523,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, less than one shares issued and outstanding at march 31, 2021 and september 30, 2020 | 713,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at march 31, 2021 and september 30, 2020 | 1,097,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at march 31, 2021 and september 30, 2020 | 1,537,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, less than one shares issued and outstanding at december 31, 2020 and september 30, 2020 | 1,049,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at december 31, 2020 and september 30, 2020 | 1,097,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at december 31, 2020 and september 30, 2020 | 1,537,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, less than one and no shares issued and outstanding at september 30, 2020 and 2019 (the “series a preferred stock”), respectively | 2,437,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at september 30, 2020 and 2019 | 1,106,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at september 30, 2020 and 2019 | 1,543,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series a convertible participating preferred stock, none issued | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at june 30, 2020 and september 30, 2019 | 2,213,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at june 30, 2020 and september 30, 2019 | 3,085,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at march 31, 2020 and september 30, 2019 | 2,285,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at march 31, 2020 and september 30, 2019 | 3,177,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt | 3,000,000,000 | 1,749,000,000 | 1,749,000,000 | 1,748,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at december 31, 2019 and september 30, 2019 | 2,285,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at december 31, 2019 and september 30, 2019 | 3,177,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred purchase consideration | 1,262,000,000 | 1,284,000,000 | 1,300,000,000 | 1,300,000,000 | 1,367,000,000 | 1,330,000,000 | 1,304,000,000 | 1,258,000,000 | 1,180,000,000 | 1,164,000,000 | 1,225,000,000 | 1,209,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at september 30, 2019 and 2018 | 2,285,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at september 30, 2019 and 2018 | 3,177,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at june 30, 2019 and september 30, 2018 | 2,285,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at june 30, 2019 and september 30, 2018 | 3,177,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at march 31, 2019 and september 30, 2018 | 2,286,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at march 31, 2019 and september 30, 2018 | 3,178,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at december 31, 2018 and september 30, 2018 | 2,286,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at december 31, 2018 and september 30, 2018 | 3,178,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
derivative instruments classified as cash flow hedges | 68,000,000 | 60,000,000 | 54,000,000 | -51,000,000 | -33,000,000 | -36,000,000 | -15,000,000 | -6,000,000 | 27,000,000 | -50,000,000 | -42,000,000 | -9,000,000 | 60,000,000 | 83,000,000 | 78,000,000 | 110,000,000 | 80,000,000 | 38,000,000 | -5,000,000 | 18,000,000 | 34,000,000 | 23,000,000 | 40,000,000 | 16,000,000 | 14,000,000 | 13,000,000 | 25,000,000 | 17,000,000 | 18,000,000 | 18,000,000 | -33,000,000 | -38,000,000 | -44,000,000 | ||||||||||||||||||||||||||||||||||||||||||
restricted cash—u.s. litigation escrow | 1,491,000,000 | 1,487,000,000 | 884,000,000 | 883,000,000 | 1,031,000,000 | 1,030,000,000 | 1,029,000,000 | 1,028,000,000 | 1,027,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading | 98,000,000 | 94,000,000 | 94,000,000 | 106,000,000 | 82,000,000 | 80,000,000 | 78,000,000 | 82,000,000 | 71,000,000 | 69,000,000 | 69,000,000 | 80,000,000 | 66,000,000 | 71,000,000 | 71,000,000 | 78,000,000 | 69,000,000 | 86,000,000 | 82,000,000 | 89,000,000 | 75,000,000 | 73,000,000 | 72,000,000 | 74,000,000 | 66,000,000 | 63,000,000 | 66,000,000 | 65,000,000 | 57,000,000 | 65,000,000 | 66,000,000 | 69,000,000 | 60,000,000 | 56,000,000 | 63,000,000 | 68,000,000 | 59,000,000 | 83,000,000 | 76,000,000 | 86,000,000 | |||||||||||||||||||||||||||||||||||
available-for-sale | 3,449,000,000 | 3,302,000,000 | 3,483,000,000 | 3,307,000,000 | 3,482,000,000 | 2,674,000,000 | 1,417,000,000 | 3,615,000,000 | 3,248,000,000 | 2,796,000,000 | 3,885,000,000 | 8,428,000,000 | 2,431,000,000 | 2,504,000,000 | 2,496,000,000 | 2,417,000,000 | 1,910,000,000 | 1,920,000,000 | 1,592,000,000 | 1,880,000,000 | 1,994,000,000 | 1,822,000,000 | 1,270,000,000 | 1,377,000,000 | 677,000,000 | 682,000,000 | 849,000,000 | 734,000,000 | 1,214,000,000 | 155,000,000 | 131,000,000 | 132,000,000 | 124,000,000 | 29,000,000 | 22,000,000 | 25,000,000 | 56,000,000 | 47,000,000 | 50,000,000 | 103,000,000 | |||||||||||||||||||||||||||||||||||
investment securities, available-for-sale | 4,082,000,000 | 2,835,000,000 | 2,602,000,000 | 2,674,000,000 | 1,926,000,000 | 2,117,000,000 | 2,882,000,000 | 3,802,000,000 | 3,931,000,000 | 3,762,000,000 | 3,577,000,000 | 3,487,000,000 | 3,384,000,000 | 3,300,000,000 | 2,779,000,000 | 3,028,000,000 | 3,015,000,000 | 2,798,000,000 | 3,066,000,000 | 3,040,000,000 | 2,760,000,000 | 3,189,000,000 | 2,974,000,000 | 3,401,000,000 | 3,283,000,000 | 2,923,000,000 | 1,696,000,000 | 899,000,000 | 711,000,000 | 7,000,000 | 7,000,000 | 13,000,000 | 24,000,000 | 128,000,000 | 154,000,000 | 159,000,000 | 168,000,000 | 181,000,000 | 200,000,000 | 205,000,000 | 355,000,000 | 477,000,000 | 598,000,000 | 729,000,000 | 747,080,000 | ||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at september 30, 2018 and 2017 | 2,291,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at september 30, 2018 and 2017 | 3,179,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at june 30, 2018 and september 30, 2017 | 2,291,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at june 30, 2018 and september 30, 2017 | 3,179,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at march 31, 2018 and september 30, 2017 | 2,295,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at march 31, 2018 and september 30, 2017 | 3,181,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at december 31, 2017 and september 30, 2017 | 2,295,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at december 31, 2017 and september 30, 2017 | 3,181,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at september 30, 2017 and 2016 | 2,326,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at september 30, 2017and 2016 | 3,200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock | -170,000,000 | -170,000,000 | -170,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at june 30, 2017 and september 30, 2016 | 2,326,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at june 30, 2017 and september 30, 2016 | 3,200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at march 31, 2017 and september 30, 2016 | 2,397,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at march 31, 2017 and september 30, 2016 | 3,200,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss, net: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total accumulated other comprehensive loss | -980,000,000 | -1,369,000,000 | -458,000,000 | -543,000,000 | -96,000,000 | -49,000,000 | -74,000,000 | -4,000,000 | -116,000,000 | -133,000,000 | -137,000,000 | -171,000,000 | -175,000,000 | -176,000,000 | -172,000,000 | -176,000,000 | -136,000,000 | -139,000,000 | -150,000,000 | -151,000,000 | -82,000,000 | -99,000,000 | -175,000,000 | -188,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
current maturities of long-term debt and short-term debt | 2,313,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at december 31, 2016 and september 30, 2016 | 2,516,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at december 31, 2016 and september 30, 2016 | 3,201,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at september 30, 2016 | 2,516,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at september 30, 2016 | 3,201,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash—litigation escrow | 1,027,000,000 | 1,061,000,000 | 1,061,000,000 | 1,072,000,000 | 1,143,000,000 | 1,178,000,000 | 1,398,000,000 | 1,498,000,000 | 1,105,000,000 | 1,105,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 49,000,000 | 4,432,000,000 | 4,282,000,000 | 4,282,000,000 | 4,352,000,000 | 2,857,000,000 | 2,927,000,000 | 2,997,000,000 | 2,666,000,000 | 1,866,000,000 | 1,865,000,000 | 1,365,000,000 | 1,365,000,000 | 1,365,000,000 | 1,141,000,000 | 1,611,000,000 | 2,078,000,000 | 1,298,000,000 | 1,291,000,000 | 1,285,000,000 | |||||||||||||||||||||||||||||||||||||||||
series b convertible participating preferred stock, 2 shares issued and outstanding at june 30, 2016 | 2,516,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series c convertible participating preferred stock, 3 shares issued and outstanding at june 30, 2016 | 3,201,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred tax assets | 871,000,000 | 834,000,000 | 838,000,000 | 927,000,000 | 1,028,000,000 | 830,000,000 | 850,000,000 | 466,000,000 | 481,000,000 | 429,000,000 | 421,000,000 | 389,000,000 | 2,027,000,000 | 1,645,000,000 | 430,000,000 | 461,000,000 | 470,626,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax receivable | 91,000,000 | 26,000,000 | 33,000,000 | 20,000,000 | 142,000,000 | 600,000,000 | 1,163,000,000 | 1,341,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of deferred tax assets | 489,000,000 | 507,000,000 | 497,000,000 | 545,000,000 | 623,000,000 | 448,000,000 | 470,000,000 | 595,000,000 | 703,000,000 | 484,000,000 | 650,000,000 | 800,000,000 | 944,000,000 | 587,000,000 | 541,000,000 | 774,000,000 | 795,013,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of long-term debt | 13,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 12,000,000 | 52,000,000 | 52,000,000 | 51,000,000 | 51,000,000 | 11,000,000 | 72,000,000 | 75,000,000 | 41,280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of accrued litigation | 425,000,000 | 512,000,000 | 580,000,000 | 630,000,000 | 631,000,000 | 670,000,000 | 670,000,000 | 669,000,000 | 1,394,000,000 | 1,348,000,000 | 1,820,000,000 | 2,296,000,000 | 2,698,000,000 | 1,606,000,000 | 1,572,000,000 | 2,325,000,000 | 2,236,275,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total visa inc. stockholders’ equity | 26,437,000,000 | 26,050,000,000 | 26,151,000,000 | 25,541,000,000 | 25,011,000,000 | 24,676,000,000 | 23,983,000,000 | 23,472,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-controlling interest | 2,000,000 | 3,000,000 | 3,000,000 | 3,000,000 | 4,000,000 | 4,000,000 | 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -102,000,000 | -88,000,000 | -94,000,000 | -70,000,000 | -9,000,000 | -5,000,000 | -328,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation gain | 12,000,000 | 6,000,000 | 1,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of volume and support incentives | 175,000,000 | 177,000,000 | 212,000,000 | 241,000,000 | 214,000,000 | 217,000,000 | 209,000,000 | 233,000,000 | 256,000,000 | 257,000,000 | 227,000,000 | 156,000,000 | 96,147,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
volume and support incentives | 101,000,000 | 110,000,000 | 129,000,000 | 109,000,000 | 102,000,000 | 118,000,000 | 111,000,000 | 127,000,000 | 123,000,000 | 84,000,000 | 79,000,000 | 74,000,000 | 44,279,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c treasury stock | -1,000,000 | -2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency translation loss | -2,000,000 | -2,000,000 | -4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable class c | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
temporary equity and minority interest | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c | -35,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 4,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 38,610,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total temporary equity and minority interest | 4,000,000 | 5,000,000 | 4,000,000 | 5,000,000 | 1,136,000,000 | 1,127,000,000 | 1,127,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies— | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
stockholders’ equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total stockholders’ equity and accumulated income | 23,189,000,000 | 22,794,000,000 | 22,120,000,000 | 21,640,000,000 | 21,141,000,000 | 21,549,000,000 | 21,188,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, temporary equity and minority interest, and stockholders’ equity | 32,281,000,000 | 32,624,000,000 | 31,964,000,000 | 31,822,000,000 | 34,981,000,000 | 34,442,000,000 | 33,869,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c treasury stock, 24,449 shares and 525,443 shares, respectively | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c treasury stock, 24,449 and 525,443 shares, respectively | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c treasury stock, 14,495 and 525,443 shares, respectively | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment in visa international | 226,524,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable class c (series iii) common stock, 35,263,585 shares outstanding at september 30, 2008 | 1,508,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c (series ii) common stock, 0.0001 par value... | 1,136,000,000 | 1,127,000,000 | 1,127,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies—see note 20 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c (series i) common stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c (series iii) common stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
class c (series iv) common stock, 0.0001 par value... | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends payable | 93,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable class c (series iii) common stock, 35,263,585 shares outstanding at june 30, 2008 | 1,508,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies—see note 14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted cash—tax escrow | 116,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
property, equipment, and technology | 1,018,000,000 | 912,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
redeemable class c (series iii) common stock, 35,263,585 shares outstanding at march 31, 2008 | 1,508,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
commitments and contingencies—see note 21 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
prepaid and other current assets | 338,604,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
facilities, equipment and software | 313,092,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
current portion of member deposits | 3,320,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
member deposits | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated net income | -500,999,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total (deficit) equity | -501,327,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities, minority interest and equity | 4,390,117,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
service fees | 1,944,537,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
data processing fees | 1,416,075,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
international transaction fees | 454,168,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other revenues | 279,796,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating revenues | 3,589,796,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating expenses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
personnel | 721,381,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
network, edp and communications | 366,231,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
advertising, marketing and promotion | 580,883,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
visa international fees | 172,728,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
professional and consulting fees | 334,290,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
administrative and other | 210,948,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
litigation provision | 2,652,830,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 5,039,291,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
operating income | -1,449,495,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated affiliates | 40,276,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest expense | -80,658,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment income | 102,459,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
total other income | 62,077,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and minority interest | -1,387,418,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax (benefit) expense | -315,993,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before minority interest | -1,071,425,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before cumulative effect of change in accounting principle | -1,076,095,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | -1,076,095,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
pro forma amounts assuming the accounting changes are applied retroactively |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2018-06-30 | 2018-03-31 | 2017-12-31 | 2017-09-30 | 2017-06-30 | 2017-03-31 | 2016-12-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-12-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-12-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-12-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-12-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-12-31 | 2010-09-30 | 2010-06-30 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-06-30 | 2009-03-31 | 2008-12-31 | 2008-09-30 | 2008-06-30 | 2008-03-31 | 2007-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
operating activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income | 6,021,000,000 | 5,853,000,000 | 5,090,000,000 | 5,272,000,000 | 4,577,000,000 | 5,119,000,000 | 5,318,000,000 | 4,872,000,000 | 4,663,000,000 | 4,890,000,000 | 4,681,000,000 | 4,156,000,000 | 4,257,000,000 | 4,179,000,000 | 3,940,000,000 | 3,411,000,000 | 3,647,000,000 | 3,959,000,000 | 3,584,000,000 | 2,575,000,000 | 3,026,000,000 | 3,126,000,000 | 2,137,000,000 | 2,373,000,000 | 3,084,000,000 | 3,272,000,000 | 3,025,000,000 | 3,101,000,000 | 2,977,000,000 | 2,977,000,000 | 2,845,000,000 | 2,329,000,000 | 2,605,000,000 | 2,522,000,000 | 2,140,000,000 | 2,059,000,000 | 430,000,000 | 2,070,000,000 | 1,931,000,000 | 412,000,000 | 1,707,000,000 | 1,941,000,000 | 1,512,000,000 | 1,697,000,000 | 1,550,000,000 | 1,569,000,000 | 1,360,000,000 | 1,598,000,000 | 1,407,000,000 | 514,000,000 | 729,000,000 | 536,000,000 | 574,000,000 | -356,000,000 | 422,000,000 | 314,000,000 | 424,000,000 | |||||||||||||||||
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
client incentives | 4,245,000,000 | 4,269,000,000 | 4,248,000,000 | 3,972,000,000 | 3,734,000,000 | 3,797,000,000 | 3,629,000,000 | 3,530,000,000 | 3,257,000,000 | 3,348,000,000 | 3,439,000,000 | 3,167,000,000 | 2,905,000,000 | 2,786,000,000 | 2,860,000,000 | 2,570,000,000 | 2,494,000,000 | 2,371,000,000 | 2,387,000,000 | 2,130,000,000 | 1,992,000,000 | 1,858,000,000 | 1,698,000,000 | 1,513,000,000 | 1,705,000,000 | 1,748,000,000 | 1,693,000,000 | 1,546,000,000 | 1,478,000,000 | 1,456,000,000 | 1,502,000,000 | 1,374,000,000 | 1,289,000,000 | 1,326,000,000 | 1,346,000,000 | 1,147,000,000 | 1,031,000,000 | 1,041,000,000 | 993,000,000 | 839,000,000 | 2,427,000,000 | -850,000,000 | -877,000,000 | -614,000,000 | -792,000,000 | -687,000,000 | -620,000,000 | -524,000,000 | -635,000,000 | -616,000,000 | -636,000,000 | -592,000,000 | -655,000,000 | -453,000,000 | -442,000,000 | -591,000,000 | -381,000,000 | -343,000,000 | -713,000,000 | -410,000,000 | -377,000,000 | -357,000,000 | ||||||||||||
share-based compensation | 275,000,000 | 231,000,000 | 191,000,000 | 223,000,000 | 259,000,000 | 224,000,000 | 188,000,000 | 211,000,000 | 242,000,000 | 209,000,000 | 223,000,000 | 177,000,000 | 132,000,000 | 152,000,000 | 190,000,000 | 128,000,000 | 108,000,000 | 159,000,000 | 153,000,000 | 122,000,000 | 94,000,000 | 107,000,000 | 99,000,000 | 116,000,000 | 86,000,000 | 110,000,000 | 111,000,000 | 100,000,000 | 85,000,000 | 89,000,000 | 85,000,000 | 68,000,000 | 52,000,000 | 67,000,000 | 71,000,000 | 45,000,000 | 69,000,000 | 55,000,000 | 58,000,000 | 39,000,000 | 48,000,000 | 46,000,000 | 48,000,000 | 45,000,000 | 42,000,000 | 41,000,000 | 44,000,000 | 45,000,000 | 40,000,000 | 41,000,000 | 50,000,000 | 48,000,000 | 35,000,000 | 36,000,000 | 38,000,000 | 38,000,000 | 32,000,000 | 32,000,000 | 42,000,000 | 48,000,000 | 36,000,000 | 34,000,000 | 29,000,000 | 32,000,000 | 31,000,000 | 20,000,000 | 32,000,000 | 32,000,000 | 27,000,000 | 28,000,000 | ||||
depreciation and amortization | 333,000,000 | 326,000,000 | 316,000,000 | 317,000,000 | 305,000,000 | 282,000,000 | 274,000,000 | 264,000,000 | 249,000,000 | 247,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred income taxes | 453,000,000 | -435,000,000 | -195,000,000 | 433,000,000 | -124,000,000 | 38,000,000 | -1,000,000 | -31,000,000 | -127,000,000 | 59,000,000 | -230,000,000 | -99,000,000 | -22,000,000 | -132,000,000 | -133,000,000 | -224,000,000 | 36,000,000 | -15,000,000 | -108,000,000 | 1,008,000,000 | -32,000,000 | 5,000,000 | 423,000,000 | -79,000,000 | 10,000,000 | -47,000,000 | -20,000,000 | -22,000,000 | 117,000,000 | 139,000,000 | -144,000,000 | -188,000,000 | -26,000,000 | -919,000,000 | -15,000,000 | 15,000,000 | 1,623,000,000 | 77,000,000 | -161,000,000 | -574,000,000 | -74,000,000 | 45,000,000 | -1,000,000 | 23,000,000 | 76,000,000 | 97,000,000 | -222,000,000 | 17,000,000 | -394,000,000 | 19,000,000 | -35,000,000 | -18,000,000 | -42,000,000 | 1,622,000,000 | -263,000,000 | -1,227,000,000 | -234,000,000 | 34,000,000 | -5,000,000 | 40,000,000 | 47,000,000 | 82,000,000 | 59,000,000 | 5,000,000 | 83,000,000 | 102,000,000 | -19,000,000 | -22,000,000 | 159,000,000 | 179,000,000 | -163,000,000 | 12,000,000 | 133,000,000 | -9,000,000 |
ve territory covered losses | -25,000,000 | -3,000,000 | -6,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
losses on equity investments | 15,000,000 | 7,000,000 | -46,000,000 | 35,000,000 | 23,000,000 | 75,000,000 | 46,000,000 | 22,000,000 | 30,000,000 | -4,000,000 | -7,000,000 | -85,000,000 | 90,000,000 | 106,000,000 | 122,000,000 | 246,000,000 | 127,000,000 | -231,000,000 | -101,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
other | 4,000,000 | 18,000,000 | 24,000,000 | 5,000,000 | 9,000,000 | 56,000,000 | 14,000,000 | 64,000,000 | 47,000,000 | 11,000,000 | 21,000,000 | 15,000,000 | 4,000,000 | -26,000,000 | -23,000,000 | -10,000,000 | -29,000,000 | -32,000,000 | -27,000,000 | 138,000,000 | -245,000,000 | 25,000,000 | 4,000,000 | -65,000,000 | -34,000,000 | -50,000,000 | -67,000,000 | -98,000,000 | -115,000,000 | 9,000,000 | -30,000,000 | -31,000,000 | 10,000,000 | -23,000,000 | 20,000,000 | 7,000,000 | 10,000,000 | 13,000,000 | 21,000,000 | 26,000,000 | 12,000,000 | 5,000,000 | 6,000,000 | 3,000,000 | 34,000,000 | -19,000,000 | 27,000,000 | -2,000,000 | 7,000,000 | 5,000,000 | 11,000,000 | 4,000,000 | 23,000,000 | 12,000,000 | 26,000,000 | 2,000,000 | 1,000,000 | -37,000,000 | 9,000,000 | 1,000,000 | 2,000,000 | -21,000,000 | ||||||||||||
change in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement receivable | 1,057,000,000 | 981,000,000 | 585,000,000 | -343,000,000 | -525,000,000 | 657,000,000 | -2,267,000,000 | 1,427,000,000 | -1,078,000,000 | -257,000,000 | 213,000,000 | -520,000,000 | 201,000,000 | -54,000,000 | -149,000,000 | -251,000,000 | 79,000,000 | -76,000,000 | -117,000,000 | -224,000,000 | 117,000,000 | -244,000,000 | 892,000,000 | -676,000,000 | 1,825,000,000 | -183,000,000 | -1,406,000,000 | -104,000,000 | 1,528,000,000 | -1,551,000,000 | 16,000,000 | 800,000,000 | -859,000,000 | -180,000,000 | 52,000,000 | 1,988,000,000 | -2,002,000,000 | 56,000,000 | 59,000,000 | 338,000,000 | 29,000,000 | -35,000,000 | 296,000,000 | -25,000,000 | -179,000,000 | 286,000,000 | -11,000,000 | -23,000,000 | 136,000,000 | -89,000,000 | -340,000,000 | 29,000,000 | 371,000,000 | -405,000,000 | -11,000,000 | 65,000,000 | 1,000,000 | -97,000,000 | -7,000,000 | -8,000,000 | 115,000,000 | -104,000,000 | 14,000,000 | 250,000,000 | 70,000,000 | -131,000,000 | 393,000,000 | -119,000,000 | -134,000,000 | 386,000,000 | 99,000,000 | -73,000,000 | -2,000,000 | -567,000,000 |
accounts receivable | -128,000,000 | -109,000,000 | -208,000,000 | -178,000,000 | -92,000,000 | -64,000,000 | -23,000,000 | -248,000,000 | 229,000,000 | -195,000,000 | -22,000,000 | -161,000,000 | -7,000,000 | -60,000,000 | -17,000,000 | 93,000,000 | 40,000,000 | -213,000,000 | -123,000,000 | -55,000,000 | -57,000,000 | -108,000,000 | -151,000,000 | 70,000,000 | 145,000,000 | -107,000,000 | -14,000,000 | -116,000,000 | -3,000,000 | -200,000,000 | 12,000,000 | 31,000,000 | 33,000,000 | -146,000,000 | -20,000,000 | 6,000,000 | 49,000,000 | -89,000,000 | 27,000,000 | 5,000,000 | -22,000,000 | -75,000,000 | 45,000,000 | 10,000,000 | 4,000,000 | -78,000,000 | 2,000,000 | 16,000,000 | 8,000,000 | -79,000,000 | 18,000,000 | 23,000,000 | -1,000,000 | -78,000,000 | 70,000,000 | -136,000,000 | -26,000,000 | -69,000,000 | -9,000,000 | -8,000,000 | -11,000,000 | -51,000,000 | 50,000,000 | 1,000,000 | 34,000,000 | -92,000,000 | -25,000,000 | -47,000,000 | 6,000,000 | -36,000,000 | 0 | -21,000,000 | 26,000,000 | -29,000,000 |
other assets | -1,886,000,000 | 35,000,000 | 178,000,000 | 382,000,000 | -390,000,000 | -10,000,000 | -26,000,000 | 85,000,000 | -54,000,000 | -204,000,000 | 42,000,000 | 11,000,000 | -237,000,000 | 160,000,000 | -211,000,000 | -164,000,000 | -128,000,000 | -163,000,000 | 17,000,000 | -48,000,000 | -351,000,000 | 235,000,000 | 62,000,000 | 32,000,000 | -619,000,000 | 123,000,000 | -138,000,000 | 73,000,000 | -208,000,000 | -37,000,000 | -17,000,000 | -40,000,000 | -195,000,000 | 92,000,000 | -60,000,000 | 109,000,000 | -367,000,000 | 66,000,000 | 237,000,000 | -155,000,000 | -420,000,000 | 23,000,000 | 301,000,000 | 125,000,000 | -326,000,000 | -141,000,000 | 4,000,000 | 25,000,000 | -260,000,000 | -199,000,000 | -233,000,000 | 17,000,000 | -99,000,000 | -228,000,000 | 9,000,000 | -12,000,000 | -145,000,000 | 122,000,000 | -31,000,000 | 218,000,000 | -245,000,000 | 57,000,000 | -14,000,000 | 114,000,000 | -278,000,000 | 137,000,000 | -193,000,000 | 93,000,000 | -104,000,000 | 95,000,000 | -82,000,000 | -15,000,000 | -34,000,000 | -27,000,000 |
accounts payable | 89,000,000 | -114,000,000 | 81,000,000 | 31,000,000 | 9,000,000 | -54,000,000 | 136,000,000 | -2,000,000 | -7,000,000 | -18,000,000 | 85,000,000 | -3,000,000 | 16,000,000 | -64,000,000 | 96,000,000 | 46,000,000 | -66,000,000 | -9,000,000 | 87,000,000 | 42,000,000 | -2,000,000 | -39,000,000 | 14,000,000 | -7,000,000 | 26,000,000 | -12,000,000 | -2,000,000 | 26,000,000 | -2,000,000 | -46,000,000 | 21,000,000 | 8,000,000 | 25,000,000 | -51,000,000 | 41,000,000 | 12,000,000 | 19,000,000 | -102,000,000 | 78,000,000 | -1,000,000 | 39,000,000 | -8,000,000 | -54,000,000 | 10,000,000 | 30,000,000 | -18,000,000 | 12,000,000 | -80,000,000 | 35,000,000 | 20,000,000 | -16,000,000 | 1,000,000 | 41,000,000 | 36,000,000 | -12,000,000 | -82,000,000 | 76,000,000 | 4,000,000 | -9,000,000 | -42,000,000 | 41,000,000 | 16,000,000 | -9,000,000 | -69,000,000 | 50,000,000 | 34,000,000 | -21,000,000 | -66,000,000 | 50,000,000 | -6,000,000 | 35,000,000 | -89,000,000 | ||
settlement payable | -1,463,000,000 | -233,000,000 | -1,466,000,000 | 774,000,000 | 518,000,000 | -673,000,000 | 2,606,000,000 | -1,908,000,000 | 830,000,000 | 313,000,000 | -308,000,000 | 607,000,000 | -537,000,000 | 44,000,000 | 370,000,000 | 775,000,000 | -298,000,000 | 409,000,000 | 105,000,000 | 364,000,000 | 16,000,000 | 194,000,000 | -1,060,000,000 | 841,000,000 | -2,383,000,000 | 218,000,000 | 1,651,000,000 | 318,000,000 | -1,777,000,000 | 1,739,000,000 | -117,000,000 | -607,000,000 | 711,000,000 | 275,000,000 | -157,000,000 | -902,000,000 | 804,000,000 | 79,000,000 | 66,000,000 | -311,000,000 | -21,000,000 | -36,000,000 | -457,000,000 | 111,000,000 | 271,000,000 | -477,000,000 | 25,000,000 | 208,000,000 | -147,000,000 | 21,000,000 | 408,000,000 | 95,000,000 | -350,000,000 | 353,000,000 | -28,000,000 | 45,000,000 | 276,000,000 | -23,000,000 | -16,000,000 | 140,000,000 | -112,000,000 | 24,000,000 | -57,000,000 | -172,000,000 | -11,000,000 | -5,000,000 | -345,000,000 | 219,000,000 | 118,000,000 | -453,000,000 | -59,000,000 | 237,000,000 | -95,000,000 | 368,000,000 |
accrued and other liabilities | 397,000,000 | -611,000,000 | 826,000,000 | -403,000,000 | -493,000,000 | -303,000,000 | 540,000,000 | 263,000,000 | -602,000,000 | -877,000,000 | 1,325,000,000 | 1,013,000,000 | -381,000,000 | -666,000,000 | 1,018,000,000 | 210,000,000 | -379,000,000 | 206,000,000 | 290,000,000 | 678,000,000 | 318,000,000 | -357,000,000 | -135,000,000 | 755,000,000 | 167,000,000 | 136,000,000 | 370,000,000 | 87,000,000 | 224,000,000 | -54,000,000 | 353,000,000 | 433,000,000 | 181,000,000 | 794,000,000 | 530,000,000 | -30,000,000 | -351,000,000 | 316,000,000 | -121,000,000 | 317,000,000 | -236,000,000 | 317,000,000 | -23,000,000 | -121,000,000 | -222,000,000 | 484,000,000 | 240,000,000 | 102,000,000 | -163,000,000 | 334,000,000 | 351,000,000 | 133,000,000 | 256,000,000 | -38,000,000 | -361,000,000 | 38,000,000 | -283,000,000 | 379,000,000 | 39,000,000 | 84,000,000 | -237,000,000 | 227,000,000 | -4,000,000 | 133,000,000 | -96,000,000 | 158,000,000 | -225,000,000 | 358,000,000 | 21,000,000 | 59,000,000 | -85,000,000 | -143,000,000 | -3,000,000 | 198,000,000 |
accrued litigation | -2,425,000,000 | 373,000,000 | 681,000,000 | 271,000,000 | 423,000,000 | -72,000,000 | 38,000,000 | -165,000,000 | 382,000,000 | -283,000,000 | 208,000,000 | -57,000,000 | -101,000,000 | 245,000,000 | -30,000,000 | 718,000,000 | -258,000,000 | 46,000,000 | 84,000,000 | 15,000,000 | -23,000,000 | -6,000,000 | -243,000,000 | -112,000,000 | -361,000,000 | 426,000,000 | 346,000,000 | -58,000,000 | -574,000,000 | 55,000,000 | 6,000,000 | 598,000,000 | 0 | -152,000,000 | -13,000,000 | -1,000,000 | 2,000,000 | 13,000,000 | 0 | -35,000,000 | 0 | -12,000,000 | -84,000,000 | -38,000,000 | -221,000,000 | -103,000,000 | -57,000,000 | 0 | 1,056,000,000 | -1,000,000 | 0 | 0 | 0 | -4,384,000,000 | 0 | 0 | -70,000,000 | -70,000,000 | -90,000,000 | -70,000,000 | -59,000,000 | -71,000,000 | -105,000,000 | -71,000,000 | -71,000,000 | -755,000,000 | -575,000,000 | -564,000,000 | -533,000,000 | -529,000,000 | -305,000,000 | -89,000,000 | -1,130,000,000 | -1,000,000 |
net cash from operating activities | 3,008,000,000 | 6,780,000,000 | 6,238,000,000 | 6,730,000,000 | 4,695,000,000 | 5,396,000,000 | 6,664,000,000 | 5,134,000,000 | 4,538,000,000 | 3,614,000,000 | 6,927,000,000 | 5,797,000,000 | 3,860,000,000 | 4,171,000,000 | 5,876,000,000 | 5,252,000,000 | 3,489,000,000 | 4,232,000,000 | 3,971,000,000 | 4,414,000,000 | 3,329,000,000 | 3,513,000,000 | 2,096,000,000 | 3,002,000,000 | 1,467,000,000 | 3,875,000,000 | 4,042,000,000 | 3,384,000,000 | 2,064,000,000 | 3,294,000,000 | 3,494,000,000 | 3,637,000,000 | 2,820,000,000 | 2,762,000,000 | 2,767,000,000 | 3,537,000,000 | 396,000,000 | 2,508,000,000 | 2,452,000,000 | 303,000,000 | 840,000,000 | 1,979,000,000 | 1,734,000,000 | 2,111,000,000 | 978,000,000 | 1,761,000,000 | 1,793,000,000 | 1,942,000,000 | 1,929,000,000 | 1,541,000,000 | 2,045,000,000 | 2,157,000,000 | 1,644,000,000 | -2,824,000,000 | 1,369,000,000 | 1,257,000,000 | 1,097,000,000 | 1,286,000,000 | 868,000,000 | 1,395,000,000 | 603,000,000 | 1,006,000,000 | 893,000,000 | 1,218,000,000 | 609,000,000 | -29,000,000 | -209,000,000 | 349,000,000 | 233,000,000 | 185,000,000 | 274,000,000 | 509,000,000 | -434,000,000 | 182,000,000 |
capital expenditures | -284,000,000 | -352,000,000 | -381,000,000 | -430,000,000 | -307,000,000 | -305,000,000 | -287,000,000 | -469,000,000 | -208,000,000 | -241,000,000 | -296,000,000 | -356,000,000 | -89,000,000 | -222,000,000 | -273,000,000 | -228,000,000 | -293,000,000 | -120,000,000 | -219,000,000 | -144,000,000 | -154,000,000 | -147,000,000 | -164,000,000 | -169,000,000 | -240,000,000 | -125,000,000 | -241,000,000 | -158,000,000 | -139,000,000 | -123,000,000 | -153,000,000 | -155,000,000 | -218,000,000 | -115,000,000 | -180,000,000 | -197,000,000 | -178,000,000 | -102,000,000 | -128,000,000 | -141,000,000 | -126,000,000 | -86,000,000 | -124,000,000 | -33,000,000 | -93,000,000 | -83,000,000 | -207,000,000 | -94,000,000 | -90,000,000 | -100,000,000 | -138,000,000 | -136,000,000 | -103,000,000 | -67,000,000 | 0 | -108,000,000 | -61,000,000 | -66,000,000 | -98,000,000 | -92,000,000 | -69,000,000 | -58,000,000 | -97,000,000 | -60,000,000 | -42,000,000 | -31,000,000 | -101,000,000 | -69,000,000 | -68,000,000 | -47,000,000 | -87,000,000 | 0 | -166,000,000 | -69,000,000 |
free cash flows | 2,724,000,000 | 6,428,000,000 | 5,857,000,000 | 6,300,000,000 | 4,388,000,000 | 5,091,000,000 | 6,377,000,000 | 4,665,000,000 | 4,330,000,000 | 3,373,000,000 | 6,631,000,000 | 5,441,000,000 | 3,771,000,000 | 3,949,000,000 | 5,603,000,000 | 5,024,000,000 | 3,196,000,000 | 4,112,000,000 | 3,752,000,000 | 4,270,000,000 | 3,175,000,000 | 3,366,000,000 | 1,932,000,000 | 2,833,000,000 | 1,227,000,000 | 3,750,000,000 | 3,801,000,000 | 3,226,000,000 | 1,925,000,000 | 3,171,000,000 | 3,341,000,000 | 3,482,000,000 | 2,602,000,000 | 2,647,000,000 | 2,587,000,000 | 3,340,000,000 | 218,000,000 | 2,406,000,000 | 2,324,000,000 | 162,000,000 | 714,000,000 | 1,893,000,000 | 1,610,000,000 | 2,078,000,000 | 885,000,000 | 1,678,000,000 | 1,586,000,000 | 1,848,000,000 | 1,839,000,000 | 1,441,000,000 | 1,907,000,000 | 2,021,000,000 | 1,541,000,000 | -2,891,000,000 | 1,369,000,000 | 1,149,000,000 | 1,036,000,000 | 1,220,000,000 | 770,000,000 | 1,303,000,000 | 534,000,000 | 948,000,000 | 796,000,000 | 1,158,000,000 | 567,000,000 | -60,000,000 | -310,000,000 | 280,000,000 | 165,000,000 | 138,000,000 | 187,000,000 | 509,000,000 | -600,000,000 | 113,000,000 |
investing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, equipment and technology | -383,000,000 | -378,000,000 | -389,000,000 | -421,000,000 | -327,000,000 | -345,000,000 | -309,000,000 | -400,000,000 | -281,000,000 | -267,000,000 | -305,000,000 | -295,000,000 | -210,000,000 | -249,000,000 | -295,000,000 | -235,000,000 | -267,000,000 | -173,000,000 | -208,000,000 | -179,000,000 | -158,000,000 | -160,000,000 | -168,000,000 | -161,000,000 | -216,000,000 | -191,000,000 | -249,000,000 | -194,000,000 | -156,000,000 | -157,000,000 | -108,000,000 | -61,000,000 | -66,000,000 | -117,000,000 | -89,000,000 | -72,000,000 | -75,000,000 | -97,000,000 | -65,000,000 | -42,000,000 | -37,000,000 | -101,000,000 | -69,000,000 | -68,000,000 | -68,000,000 | -92,000,000 | ||||||||||||||||||||||||||||
purchases of investment securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from maturities and sales of investment securities | 300,000,000 | 725,000,000 | 556,000,000 | 200,000,000 | 226,000,000 | 2,042,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash, cash equivalents, restricted cash and restricted cash equivalents acquired | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of other investments | -23,000,000 | -5,000,000 | -27,000,000 | -17,000,000 | -18,000,000 | -6,000,000 | -212,000,000 | -5,000,000 | -3,000,000 | -11,000,000 | -40,000,000 | -11,000,000 | -50,000,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other investing activities | -17,000,000 | 19,000,000 | 164,000,000 | -18,000,000 | -30,000,000 | 5,000,000 | -42,000,000 | -4,000,000 | -42,000,000 | -5,000,000 | -47,000,000 | 3,000,000 | -23,000,000 | 42,000,000 | 0 | 47,000,000 | 9,000,000 | 72,000,000 | 4,000,000 | 64,000,000 | -3,000,000 | 44,000,000 | -4,000,000 | 44,000,000 | -4,000,000 | 36,000,000 | 31,000,000 | 68,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
net cash from investing activities | -878,000,000 | 361,000,000 | 304,000,000 | -256,000,000 | -130,000,000 | 790,000,000 | 584,000,000 | 555,000,000 | -1,176,000,000 | -1,889,000,000 | -1,188,000,000 | 17,000,000 | -325,000,000 | -510,000,000 | 107,000,000 | -2,063,000,000 | -1,785,000,000 | -547,000,000 | -1,698,000,000 | 72,000,000 | 835,000,000 | 639,000,000 | -881,000,000 | -133,000,000 | 1,879,000,000 | 562,000,000 | -1,004,000,000 | 809,000,000 | -326,000,000 | -70,000,000 | -1,779,000,000 | -168,000,000 | -430,000,000 | -707,000,000 | -852,000,000 | -681,000,000 | 2,685,000,000 | -417,000,000 | -757,000,000 | -8,313,000,000 | 4,348,000,000 | -6,194,000,000 | -159,000,000 | -719,000,000 | 79,000,000 | -636,000,000 | -499,000,000 | -336,000,000 | 170,000,000 | -276,000,000 | 190,000,000 | -905,000,000 | 416,000,000 | -865,000,000 | -471,000,000 | -1,173,000,000 | -964,000,000 | 194,000,000 | -1,874,000,000 | -229,000,000 | -123,000,000 | -73,000,000 | -1,894,000,000 | -62,000,000 | 30,000,000 | 22,000,000 | 875,000,000 | -1,000,000 | 55,000,000 | 901,000,000 | -1,025,000,000 | 30,000,000 | 298,000,000 | 1,251,000,000 |
financing activities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchases of class a common stock | -7,900,000,000 | -3,725,000,000 | -4,927,000,000 | -4,782,000,000 | -4,596,000,000 | -4,011,000,000 | -5,848,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of debt | 0 | -4,000,000,000 | 0 | 0 | 0 | -2,250,000,000 | 0 | 0 | 0 | -3,000,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends paid | -1,286,000,000 | -1,293,000,000 | -1,146,000,000 | -1,154,000,000 | -1,164,000,000 | -1,170,000,000 | -1,041,000,000 | -1,056,000,000 | -1,060,000,000 | -1,060,000,000 | -928,000,000 | -937,000,000 | -941,000,000 | -945,000,000 | -794,000,000 | -798,000,000 | -802,000,000 | -809,000,000 | -696,000,000 | -698,000,000 | -701,000,000 | -703,000,000 | -662,000,000 | -663,000,000 | -668,000,000 | -671,000,000 | -563,000,000 | -565,000,000 | -569,000,000 | -572,000,000 | -483,000,000 | -487,000,000 | -490,000,000 | -458,000,000 | -390,000,000 | -394,000,000 | -396,000,000 | -399,000,000 | -339,000,000 | -335,000,000 | -336,000,000 | -340,000,000 | -292,000,000 | -294,000,000 | -294,000,000 | -297,000,000 | -248,000,000 | -251,000,000 | -253,000,000 | -254,000,000 | -211,000,000 | -216,000,000 | -217,000,000 | -220,000,000 | -147,000,000 | -148,000,000 | -148,000,000 | -152,000,000 | -103,000,000 | -105,000,000 | -107,000,000 | -108,000,000 | -90,000,000 | -93,000,000 | -92,000,000 | -93,000,000 | -78,000,000 | -79,000,000 | -80,000,000 | -81,000,000 | ||||
proceeds from issuance of senior notes | 0 | 0 | 3,227,000,000 | 0 | 0 | 0 | 15,971,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from stock issued under equity plans | 55,000,000 | 78,000,000 | 55,000,000 | 95,000,000 | 119,000,000 | 127,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
taxes paid related to stock issued under equity plans | -37,000,000 | -231,000,000 | -27,000,000 | -12,000,000 | -7,000,000 | -235,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other financing activities | -237,000,000 | 185,000,000 | 45,000,000 | 101,000,000 | -12,000,000 | -186,000,000 | -229,000,000 | 196,000,000 | -126,000,000 | 329,000,000 | 33,000,000 | -5,000,000 | 153,000,000 | 19,000,000 | -183,000,000 | 19,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net cash from financing activities | -6,410,000,000 | -8,986,000,000 | -6,000,000,000 | -1,828,000,000 | -5,660,000,000 | -5,475,000,000 | -7,069,000,000 | -5,311,000,000 | -3,874,000,000 | -4,379,000,000 | -4,580,000,000 | -3,919,000,000 | -2,926,000,000 | -6,347,000,000 | -4,040,000,000 | -289,000,000 | -3,400,000,000 | -4,967,000,000 | -3,619,000,000 | -2,846,000,000 | -2,373,000,000 | -5,572,000,000 | 755,000,000 | 1,164,000,000 | -2,754,000,000 | -3,133,000,000 | -2,660,000,000 | -3,915,000,000 | -2,468,000,000 | -3,018,000,000 | -2,046,000,000 | -2,811,000,000 | -2,512,000,000 | -3,871,000,000 | 380,000,000 | -2,061,000,000 | -2,513,000,000 | -1,730,000,000 | -1,991,000,000 | -1,984,000,000 | -2,082,000,000 | 13,534,000,000 | -204,000,000 | -1,284,000,000 | -1,103,000,000 | -1,012,000,000 | -1,380,000,000 | -1,368,000,000 | -2,400,000,000 | -1,330,000,000 | -1,502,000,000 | -1,176,000,000 | -2,017,000,000 | 2,949,000,000 | -393,000,000 | -560,000,000 | -37,000,000 | -1,665,000,000 | -450,000,000 | -1,075,000,000 | -658,000,000 | -1,121,000,000 | -340,000,000 | -507,000,000 | -243,000,000 | -452,000,000 | -260,000,000 | 477,000,000 | 464,000,000 | -3,432,000,000 | -27,000,000 | 182,000,000 | 3,479,000,000 | -10,000,000 |
effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents | -190,000,000 | 34,000,000 | 4,000,000 | 659,000,000 | 265,000,000 | -508,000,000 | 308,000,000 | -50,000,000 | -176,000,000 | 300,000,000 | -208,000,000 | 16,000,000 | 136,000,000 | 692,000,000 | -562,000,000 | -420,000,000 | -111,000,000 | -194,000,000 | -129,000,000 | 76,000,000 | -288,000,000 | 304,000,000 | 267,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash, cash equivalents, restricted cash and restricted cash equivalents | -4,470,000,000 | -1,811,000,000 | 546,000,000 | 5,305,000,000 | -830,000,000 | 203,000,000 | 487,000,000 | 328,000,000 | -688,000,000 | -2,354,000,000 | 951,000,000 | 1,911,000,000 | 745,000,000 | -1,994,000,000 | 1,381,000,000 | 2,480,000,000 | -1,807,000,000 | -1,476,000,000 | -1,475,000,000 | 1,716,000,000 | 1,503,000,000 | -1,116,000,000 | 2,237,000,000 | 4,118,000,000 | 553,000,000 | 1,431,000,000 | 138,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents as of beginning of period | 0 | 24,987,000,000 | 0 | 0 | 0 | 19,763,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents as of end of period | -4,470,000,000 | 23,176,000,000 | 546,000,000 | 5,305,000,000 | -830,000,000 | 19,966,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash paid for income taxes | 2,694,000,000 | 1,290,000,000 | 954,000,000 | 532,000,000 | 1,861,000,000 | 1,194,000,000 | 1,076,000,000 | 1,041,000,000 | 2,155,000,000 | 1,503,000,000 | 420,000,000 | 378,000,000 | 1,914,000,000 | 721,000,000 | 850,000,000 | 784,000,000 | 1,839,000,000 | 268,000,000 | 878,000,000 | 629,000,000 | 1,253,000,000 | 252,000,000 | 878,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
interest payments on debt | 48,000,000 | 213,000,000 | 48,000,000 | 278,000,000 | 48,000,000 | 213,000,000 | 49,000,000 | 273,000,000 | 48,000,000 | 213,000,000 | 49,000,000 | 275,000,000 | 49,000,000 | 244,000,000 | 59,000,000 | 244,000,000 | 60,000,000 | 244,000,000 | 60,000,000 | 243,000,000 | 59,000,000 | 281,000,000 | 34,000,000 | 234,000,000 | 35,000,000 | 234,000,000 | 34,000,000 | 234,000,000 | 35,000,000 | 234,000,000 | 35,000,000 | 234,000,000 | 35,000,000 | 241,000,000 | 0 | 245,000,000 | 0 | 244,000,000 | 0 | 1,000,000 | 0 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 4,000,000 | 1,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 2,000,000 | 3,000,000 | 1,000,000 | |||||||||||||||||||
accruals related to purchases of property, equipment and technology | 99,000,000 | 26,000,000 | 8,000,000 | -9,000,000 | 20,000,000 | 40,000,000 | 22,000,000 | -69,000,000 | 73,000,000 | 26,000,000 | 9,000,000 | -61,000,000 | 121,000,000 | 27,000,000 | 22,000,000 | 7,000,000 | -26,000,000 | 53,000,000 | -11,000,000 | 35,000,000 | 4,000,000 | 13,000,000 | 4,000,000 | -8,000,000 | -24,000,000 | 66,000,000 | 8,000,000 | 36,000,000 | 17,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash and restricted cash acquired | 0 | 0 | 19,000,000 | -906,000,000 | 0 | 0 | -3,000,000 | 0 | -563,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from settlement of derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ve territory covered losses incurred | -27,000,000 | -58,000,000 | -21,000,000 | -36,000,000 | -24,000,000 | -115,000,000 | -6,000,000 | -7,000,000 | -8,000,000 | -12,000,000 | -15,000,000 | -9,000,000 | -7,000,000 | -109,000,000 | -21,000,000 | -7,000,000 | -10,000,000 | -15,000,000 | -9,000,000 | -9,000,000 | -4,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
settlement of derivative instruments | 0 | 0 | 0 | 402,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases | -757,000,000 | -943,000,000 | -2,743,000,000 | -1,546,000,000 | -330,000,000 | -492,000,000 | -1,995,000,000 | -1,582,000,000 | -2,467,000,000 | -997,000,000 | -951,000,000 | -1,888,000,000 | -1,208,000,000 | -700,000,000 | -1,315,000,000 | -1,526,000,000 | -50,000,000 | -99,000,000 | -400,000,000 | -332,000,000 | -515,000,000 | -682,000,000 | -1,124,000,000 | -2,418,000,000 | -1,012,000,000 | -706,000,000 | -1,636,000,000 | -1,361,000,000 | -794,000,000 | -51,000,000 | -1,032,000,000 | -1,121,000,000 | -9,446,000,000 | -10,634,000,000 | -6,803,000,000 | -535,000,000 | -1,048,000,000 | -509,000,000 | -758,000,000 | -730,000,000 | -550,000,000 | -538,000,000 | -754,000,000 | -375,000,000 | -935,000,000 | -670,000,000 | -1,184,000,000 | -814,000,000 | -1,186,000,000 | -1,207,000,000 | -933,000,000 | -1,860,000,000 | -10,000,000 | 0 | -5,000,000 | -4,000,000 | -243,000,000 | -1,257,000,000 | ||||||||||||||||
proceeds from maturities and sales | 1,721,000,000 | 1,008,000,000 | 1,137,000,000 | 750,000,000 | 650,000,000 | 450,000,000 | 1,310,000,000 | 2,005,000,000 | 605,000,000 | 601,000,000 | 1,374,000,000 | 415,000,000 | 1,415,000,000 | 1,708,000,000 | 2,163,000,000 | 835,000,000 | 255,000,000 | 2,218,000,000 | 1,202,000,000 | 126,000,000 | 1,832,000,000 | 805,000,000 | 1,233,000,000 | 847,000,000 | 1,018,000,000 | 695,000,000 | 1,076,000,000 | 716,000,000 | 324,000,000 | 3,184,000,000 | 788,000,000 | 504,000,000 | 10,333,000,000 | 15,121,000,000 | 739,000,000 | |||||||||||||||||||||||||||||||||||||||
proceeds from issuance of class a common stock under equity plans | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted stock and performance-based shares settled in cash for taxes | -8,000,000 | -9,000,000 | -172,000,000 | -5,000,000 | -7,000,000 | -6,000,000 | -112,000,000 | -3,000,000 | -1,000,000 | -3,000,000 | -113,000,000 | -2,000,000 | -2,000,000 | -6,000,000 | -134,000,000 | -2,000,000 | -3,000,000 | -8,000,000 | -147,000,000 | -5,000,000 | -3,000,000 | -2,000,000 | -101,000,000 | -4,000,000 | -2,000,000 | 0 | -88,000,000 | -3,000,000 | -7,000,000 | -6,000,000 | -60,000,000 | -3,000,000 | -4,000,000 | -4,000,000 | -81,000,000 | -3,000,000 | 1,000,000 | -6,000,000 | -100,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period | 0 | 0 | 21,990,000,000 | 0 | 0 | 20,377,000,000 | 0 | 0 | 19,799,000,000 | 0 | 0 | 19,171,000,000 | 0 | 0 | 10,832,000,000 | 0 | 0 | 10,977,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at end of period | 328,000,000 | -688,000,000 | 19,636,000,000 | 1,911,000,000 | 745,000,000 | 18,383,000,000 | 2,480,000,000 | -1,807,000,000 | 18,323,000,000 | 1,716,000,000 | 1,503,000,000 | 18,055,000,000 | 4,118,000,000 | 553,000,000 | 12,263,000,000 | 387,000,000 | -833,000,000 | 11,115,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repurchase of class a common stock | -2,758,000,000 | -3,580,000,000 | -3,751,000,000 | -3,041,000,000 | -2,194,000,000 | -3,115,000,000 | -2,103,000,000 | -2,433,000,000 | -2,949,000,000 | -4,104,000,000 | -2,967,000,000 | -2,200,000,000 | -1,713,000,000 | -1,796,000,000 | -1,542,000,000 | -1,069,000,000 | -3,133,000,000 | -2,370,000,000 | -2,127,000,000 | -2,149,000,000 | -1,938,000,000 | -2,393,000,000 | -1,588,000,000 | -1,754,000,000 | -2,072,000,000 | -1,778,000,000 | -1,721,000,000 | -1,701,000,000 | -1,576,000,000 | -1,893,000,000 | -1,687,000,000 | -1,535,000,000 | -1,750,000,000 | -2,015,000,000 | 0 | -1,055,000,000 | -1,052,000,000 | -803,000,000 | -756,000,000 | -1,152,000,000 | -1,119,000,000 | -1,091,000,000 | -1,311,000,000 | -981,000,000 | -1,820,000,000 | -1,253,000,000 | -174,000,000 | -461,000,000 | 0 | -75,000,000 | -424,000,000 | -1,064,000,000 | -230,000,000 | -306,000,000 | -336,000,000 | 0 | -232,000,000 | -432,000,000 | ||||||||||||||||
cash proceeds from issuance of class a common stock under equity plans | 79,000,000 | 104,000,000 | 71,000,000 | 71,000,000 | 62,000,000 | 56,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents, restricted cash and restricted cash equivalents at end of year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
share-based compensation expense | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property, equipment, technology and intangible assets | 235,000,000 | 234,000,000 | 227,000,000 | 226,000,000 | 230,000,000 | 207,000,000 | 198,000,000 | 202,000,000 | 204,000,000 | 201,000,000 | 197,000,000 | 196,000,000 | 197,000,000 | 192,000,000 | 182,000,000 | 172,000,000 | 165,000,000 | 160,000,000 | 159,000,000 | 163,000,000 | 152,000,000 | 153,000,000 | 145,000,000 | 147,000,000 | 132,000,000 | 131,000,000 | 146,000,000 | 141,000,000 | 120,000,000 | 121,000,000 | 120,000,000 | 119,000,000 | 130,000,000 | 125,000,000 | 120,000,000 | 112,000,000 | 109,000,000 | 107,000,000 | 107,000,000 | 106,000,000 | 101,000,000 | 98,000,000 | 92,000,000 | |||||||||||||||||||||||||||||||
proceeds from issuance of commercial paper | 566,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash acquired | -832,000,000 | 0 | 0 | -75,000,000 | 0 | 0 | -77,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments to settle derivative instruments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of / contributions to other investments | -13,000,000 | -18,000,000 | -37,000,000 | -21,000,000 | -20,000,000 | -12,000,000 | -18,000,000 | -13,000,000 | -224,000,000 | -21,000,000 | -9,000,000 | -19,000,000 | -246,000,000 | -214,000,000 | -22,000,000 | -15,000,000 | -19,000,000 | -10,000,000 | -6,000,000 | -28,000,000 | -16,000,000 | 0 | -2,000,000 | -1,000,000 | 0 | -1,000,000 | -8,000,000 | -3,000,000 | -20,000,000 | -6,000,000 | 0 | -1,000,000 | -2,000,000 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||
cash proceeds from issuance of class a common stock under employee equity plans | 40,000,000 | 54,000,000 | 59,000,000 | 46,000,000 | 54,000,000 | 47,000,000 | 61,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred purchase consideration related to the visa europe acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash proceeds from issuance of common stock under employee equity plans | 48,000,000 | 33,000,000 | 54,000,000 | 55,000,000 | 35,000,000 | 38,000,000 | 41,000,000 | 48,000,000 | 29,000,000 | 32,000,000 | 50,000,000 | 53,000,000 | 21,000,000 | 41,000,000 | 31,000,000 | 56,000,000 | 26,000,000 | 20,000,000 | 20,000,000 | 29,000,000 | 14,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
charitable contribution of investment securities to visa foundation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds / distributions from other investments | 3,000,000 | 1,000,000 | 1,000,000 | 2,000,000 | 0 | 2,000,000 | 0 | 0 | 4,000,000 | 2,000,000 | 1,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment of deferred purchase consideration related to visa europe acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate changes on cash and cash equivalents | -39,000,000 | 127,000,000 | -215,000,000 | 109,000,000 | -103,000,000 | -68,000,000 | -12,000,000 | -295,000,000 | 126,000,000 | 80,000,000 | 142,000,000 | 215,000,000 | 35,000,000 | -156,000,000 | 28,000,000 | 0 | 0 | 0 | 1,000,000 | 11,000,000 | -8,000,000 | -17,000,000 | -3,000,000 | 6,000,000 | 5,000,000 | 3,000,000 | -4,000,000 | 4,000,000 | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||
income taxes paid, net of refunds | 1,346,000,000 | 345,000,000 | 656,000,000 | 611,000,000 | 1,213,000,000 | 168,000,000 | 636,000,000 | 452,000,000 | 1,014,000,000 | 183,000,000 | 799,000,000 | 628,000,000 | 1,515,000,000 | 96,000,000 | 799,000,000 | 542,000,000 | 1,422,000,000 | 79,000,000 | 594,000,000 | 516,000,000 | 1,319,000,000 | 57,000,000 | 713,000,000 | 551,000,000 | 1,296,000,000 | 96,000,000 | 117,000,000 | 57,000,000 | 376,000,000 | 45,000,000 | 482,000,000 | 504,000,000 | 1,014,000,000 | 57,000,000 | 480,000,000 | 236,000,000 | 986,000,000 | 29,000,000 | 314,000,000 | 218,000,000 | 734,000,000 | 25,000,000 | 644,000,000 | 204,000,000 | 320,000,000 | 4,000,000 | 115,000,000 | 313,000,000 | 245,000,000 | 5,000,000 | ||||||||||||||||||||||||
charitable contribution of visa inc. shares | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of property, equipment and technology | 0 | 0 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
repayments of long-term debt | 0 | 0 | 0 | -1,750,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
debt issuance costs | 0 | -2,000,000 | -19,000,000 | -77,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash, cash equivalents, restricted cash and restricted cash equivalents | 387,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right to recover for covered losses recorded in equity | -71,000,000 | -91,000,000 | -2,000,000 | -5,000,000 | -1,000,000 | -3,000,000 | -44,000,000 | -2,000,000 | -69,000,000 | -94,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value adjustment for the visa europe put option | 0 | 0 | 0 | -255,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
excess tax benefit for share-based compensation | -12,000,000 | -8,000,000 | -7,000,000 | -36,000,000 | -6,000,000 | -8,000,000 | -12,000,000 | -58,000,000 | -8,000,000 | -14,000,000 | -14,000,000 | -54,000,000 | -10,000,000 | -8,000,000 | -6,000,000 | -50,000,000 | -29,000,000 | -15,000,000 | -9,000,000 | -18,000,000 | -6,000,000 | -4,000,000 | -1,000,000 | -7,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, equipment, technology and intangible assets | -195,000,000 | -169,000,000 | -213,000,000 | -141,000,000 | -195,000,000 | -195,000,000 | -146,000,000 | -171,000,000 | -141,000,000 | -132,000,000 | -124,000,000 | -126,000,000 | -138,000,000 | -74,000,000 | -98,000,000 | -104,000,000 | -227,000,000 | -109,000,000 | -97,000,000 | -120,000,000 | -138,000,000 | -122,000,000 | -111,000,000 | -100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, available-for-sale: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
treasury stock—class c common stock | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit into u.s. litigation escrow account—u.s. retrospective responsibility plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from u.s. litigation escrow account—u.s. retrospective responsibility plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in cash and cash equivalents | -343,000,000 | 363,000,000 | 4,000,000 | -1,736,000,000 | 2,437,000,000 | 1,010,000,000 | 603,000,000 | 205,000,000 | -268,000,000 | -10,056,000,000 | 3,106,000,000 | 9,319,000,000 | 1,371,000,000 | 108,000,000 | -46,000,000 | 114,000,000 | -1,338,000,000 | 417,000,000 | 837,000,000 | 750,000,000 | -2,366,000,000 | -783,000,000 | 721,000,000 | 3,343,000,000 | 1,423,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of year | 0 | 0 | 0 | 5,619,000,000 | 0 | 0 | 0 | 3,518,000,000 | 0 | 0 | 0 | 1,971,000,000 | 0 | 0 | 0 | 2,186,000,000 | 0 | 0 | 0 | 2,074,000,000 | 0 | 0 | 0 | 2,127,000,000 | 0 | 0 | 0 | 3,867,000,000 | 0 | 0 | 0 | 4,617,000,000 | 0 | 0 | 0 | 4,979,000,000 | 0 | 0 | 0 | 275,000,000 | ||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of year | 1,698,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
series b and c convertible participating preferred stock issued in visa europe acquisition | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deferred purchase consideration recorded for visa europe acquisition | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
charitable contribution of available-for-sale investment securities to visa foundation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accruals related to purchases of property, equipment, technology and intangible assets | 42,000,000 | 14,000,000 | -5,000,000 | 26,000,000 | 15,000,000 | -2,000,000 | -32,000,000 | 69,000,000 | 13,000,000 | -9,000,000 | -2,000,000 | 40,000,000 | 14,000,000 | 41,000,000 | 5,000,000 | 21,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business, net of cash received | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits into litigation escrow account—u.s. retrospective responsibility plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from litigation escrow account—u.s. retrospective responsibility plan | 0 | 0 | 150,000,000 | 34,000,000 | 0 | 11,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at beginning of period | 0 | 0 | 9,874,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents at end of period | 363,000,000 | 4,000,000 | 8,138,000,000 | 1,010,000,000 | 603,000,000 | 5,824,000,000 | -10,056,000,000 | 3,106,000,000 | 12,837,000,000 | 108,000,000 | -46,000,000 | 2,085,000,000 | 238,000,000 | -301,000,000 | 2,121,000,000 | 76,000,000 | 43,000,000 | 1,334,000,000 | -484,000,000 | 100,000,000 | 1,942,000,000 | 88,000,000 | -172,000,000 | 3,684,000,000 | 645,000,000 | 400,000,000 | 4,160,000,000 | 837,000,000 | 750,000,000 | 2,613,000,000 | 721,000,000 | |||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of 2.8 billion cash received from visa europe | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gain on currency forward contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
litigation provision | 3,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from | 71,000,000 | 34,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
right to recover for covered losses related to visa europe acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition of business | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net unrealized gains on currency forward contracts | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of client incentives | 788,000,000 | 802,000,000 | 670,000,000 | 676,000,000 | 713,000,000 | 768,000,000 | 638,000,000 | 587,000,000 | 599,000,000 | 680,000,000 | 521,000,000 | 567,000,000 | 553,000,000 | 563,000,000 | 614,000,000 | 497,000,000 | 481,000,000 | 576,000,000 | 448,000,000 | 451,000,000 | 405,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
payments for earn-out related to playspan acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on capital lease obligations | 0 | -1,000,000 | 0 | -5,000,000 | 0 | 0 | -1,000,000 | -5,000,000 | 0 | -2,000,000 | -1,000,000 | -7,000,000 | -2,000,000 | -1,000,000 | -2,000,000 | -7,000,000 | 0 | 0 | -1,000,000 | -1,000,000 | -1,000,000 | -1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales and maturities | 515,000,000 | 669,000,000 | 226,000,000 | 457,000,000 | 806,000,000 | 600,000,000 | 673,000,000 | 151,000,000 | 1,198,000,000 | 418,000,000 | 453,000,000 | 110,000,000 | 306,000,000 | 1,224,000,000 | 94,000,000 | 25,000,000 | 17,000,000 | 5,000,000 | 4,000,000 | 41,000,000 | 21,000,000 | 24,000,000 | 57,000,000 | 195,000,000 | 56,000,000 | 123,000,000 | 547,000,000 | 1,732,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||
acquisition, net of cash received | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash proceeds from exercise of stock options | 16,000,000 | 30,000,000 | 10,000,000 | 23,000,000 | 20,000,000 | 38,000,000 | 10,000,000 | 14,000,000 | 14,000,000 | 70,000,000 | 63,000,000 | 34,000,000 | 33,000,000 | 44,000,000 | 36,000,000 | 24,000,000 | 13,000,000 | 26,000,000 | 20,000,000 | 15,000,000 | 13,000,000 | 8,000,000 | 12,000,000 | 18,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
payments from litigation escrow account—retrospective responsibility plan | 100,000,000 | 0 | 0 | 0 | 4,383,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | 542,000,000 | 542,000,000 | 397,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income including non-controlling interest | 1,192,000,000 | 1,225,000,000 | 1,270,000,000 | 1,293,000,000 | 1,662,000,000 | -1,839,000,000 | 1,292,000,000 | 1,027,000,000 | 878,000,000 | 1,004,000,000 | 880,000,000 | 884,000,000 | 773,000,000 | 716,000,000 | 712,000,000 | 763,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income including non-controlling interest to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax receivable | -65,000,000 | 7,000,000 | -13,000,000 | 122,000,000 | 458,000,000 | 563,000,000 | 178,000,000 | -1,162,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from disposal of property, equipment and technology | 0 | 0 | 0 | 2,000,000 | 2,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposits into litigation escrow account—retrospective responsibility plan | -150,000,000 | 0 | 0 | -1,565,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-cash accruals related to purchases of property, equipment, technology and intangible assets | 20,000,000 | 15,000,000 | 7,000,000 | 20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition, net of cash received of 25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for earn-out related to playspan acquisition | 0 | 0 | -12,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in cash and cash equivalents | 238,000,000 | -301,000,000 | -65,000,000 | 76,000,000 | 43,000,000 | -740,000,000 | 516,000,000 | -484,000,000 | 100,000,000 | -185,000,000 | -172,000,000 | -183,000,000 | 400,000,000 | -457,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted stock and performance shares settled in cash for taxes | -6,000,000 | -77,000,000 | 0 | 0 | 0 | -64,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
litigation provision and accretion | 0 | 2,000,000 | 3,000,000 | 2,000,000 | 9,000,000 | 4,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
principal payments on debt | -35,000,000 | -2,000,000 | -4,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -42,000,000 | -4,000,000 | -2,000,000 | -2,000,000 | -3,000,000 | -3,000,000 | -3,000,000 | -9,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net distributions from other investments | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of cash flow information | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts included in accounts payable and accrued and other liabilities related to purchases of property, equipment, technology and intangible assets | -14,000,000 | 8,000,000 | 33,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of intangible assets and property, equipment and technology | 89,000,000 | 84,000,000 | 80,000,000 | 80,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash received of 17, 22 and 147, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from money market investment | 0 | 44,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
trading securities | 3,000,000 | -1,000,000 | -8,000,000 | 8,000,000 | 1,000,000 | 3,000,000 | -9,000,000 | -4,000,000 | 7,000,000 | 5,000,000 | -9,000,000 | 24,000,000 | -7,000,000 | 10,000,000 | 7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued compensation and benefits | 73,000,000 | -128,000,000 | 53,000,000 | 53,000,000 | 39,000,000 | -129,000,000 | 81,000,000 | 13,000,000 | 48,000,000 | -168,000,000 | 101,000,000 | 22,000,000 | 11,000,000 | -157,000,000 | -16,000,000 | 55,000,000 | 12,000,000 | -166,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of intangible assets | 0 | 0 | -35,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of/contributions to other investments | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds/distributions from other investments | 20,000,000 | 1,000,000 | 101,000,000 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash received of 17 and 22, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment from litigation escrow account—retrospective responsibility plan | 0 | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | 70,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts included in accounts payable and accrued and other liabilities related to purchases of intangible assets and property, equipment and technology | 33,000,000 | 10,000,000 | 42,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition, net of cash received of 18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property, equipment and technology and intangible assets | 77,000,000 | 74,000,000 | 70,000,000 | 67,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net recognized loss on investment securities, including other-than-temporary impairment | -4,000,000 | -3,000,000 | -13,000,000 | -1,000,000 | -3,000,000 | 0 | 1,000,000 | 7,000,000 | 22,000,000 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net recognized gain on other investments, including other-than-temporary impairment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition, net of cash received of 22, 147 and 0, respectively | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds / distributions of other investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for redemption of stock | 0 | -2,646,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts included in accounts payable and accrued and other liabilities related to purchases of property, equipment and technology | 19,000,000 | -3,000,000 | 3,000,000 | 17,000,000 | 6,000,000 | 21,000,000 | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
assets acquired in joint venture with note payable and equity interest issued | 0 | 0 | 0 | 22,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net recognized gain on investment securities, including other-than-temporary impairment | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net recognized loss on other investments, including other-than-temporary impairment | -85,000,000 | 0 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisitions, net of cash received of 22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
deposit into litigation escrow account—retrospective responsibility plan | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution from money market investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funding of litigation escrow account—retrospective responsibility plan | -800,000,000 | 0 | -700,000,000 | 0 | 0 | -1,100,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of other investments | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of property, equipment and technology | 78,000,000 | 63,000,000 | 62,000,000 | 62,000,000 | 61,000,000 | 57,000,000 | 56,000,000 | 52,000,000 | 59,000,000 | 57,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
restricted stock instruments settled in cash for taxes | -1,000,000 | -1,000,000 | 0 | -12,000,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
fair value adjustment for liability under the framework agreement | 0 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest earned on litigation escrow, net of tax | -1,000,000 | -2,000,000 | -5,000,000 | -7,000,000 | -7,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment | 0 | 2,000,000 | 0 | 1,000,000 | 2,000,000 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on disposal of property, equipment and technology | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of volume and support incentives | 421,000,000 | 393,000,000 | 372,000,000 | 374,000,000 | 326,000,000 | 344,000,000 | 295,000,000 | 269,000,000 | 299,000,000 | 274,000,000 | 338,000,000 | 250,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
equity in earnings of unconsolidated affiliates | 2,000,000 | 3,000,000 | 1,000,000 | 0 | 0 | 0 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
volume and support incentives | -387,000,000 | -287,000,000 | -334,000,000 | -378,000,000 | -351,000,000 | -321,000,000 | -210,000,000 | -254,000,000 | -398,000,000 | -304,000,000 | -407,000,000 | -269,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
member deposits | 0 | 0 | 0 | -3,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
reclassification of money market investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of other investments | 8,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
dividends/distributions from other investments | 1,000,000 | 0 | 1,000,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition, net of cash received of 147 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash acquired through reorganization | 0 | 0 | 0 | 1,002,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from short-term borrowing | 0 | 0 | 0 | 2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments on short-term borrowing | 0 | 0 | 0 | -2,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of common stock, net of issuance costs of 550 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funding of tax escrow account for income tax withheld on stock proceeds | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payments from tax escrow account | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued in reorganization | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
tax benefit for share-based compensation | -5,000,000 | -3,000,000 | -5,000,000 | -1,000,000 | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property, equipment and technology | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of /contributions to other investments | -2,000,000 | 0 | -1,000,000 | 0 | 0 | -1,000,000 | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts included in accounts payable and accrued and other liabilities related to purchase of property, equipment and technology | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on disposal of property, equipment, and technology | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
accrued litigation and accretion | 8,000,000 | -33,000,000 | 23,000,000 | 24,000,000 | 23,000,000 | 25,000,000 | 1,154,000,000 | 77,000,000 | 331,000,000 | 39,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distribution of money market investment | 19,000,000 | 775,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of investments, debt issuance cost and accretion of member deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property, equipment and technology | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
effect of exchange rate translation on cash and cash equivalents | 11,000,000 | 12,000,000 | -2,000,000 | -20,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts included in accounts payable and accrued liabilities related to purchases of property, equipment and technology | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued in acquisition | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
asset impairment on non-marketable equity investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amounts included in accounts payable and accrued liabilities related to purchase of property, equipment and technology | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividend declared but not paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment for redemption of class c (series ii) and class c (series iii) common stock | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangibles, investments, debt issuance costs and accretion of member deposits | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
non-marketable securities | -160,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to joint ventures | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
payment from tax escrow account | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
amortization of intangibles, investments, debt issuance costs, and accretion of member deposits | 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from other investments | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funding of litigation escrow account – retrospective responsibility plan | 0 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funding from litigation escrow account – retrospective responsibility plan | 70,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
funding from tax escrow account | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cash dividends declared but not paid | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from partnership investment | 0 | 1,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of property, equipment, and technology | -166,000,000 | -71,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of property, equipment, and technology | 0 | 4,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
decrease in accounts payable and accrued and other liabilities related to purchases of property, equipment and technology | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization of facilities, equipment and software | 62,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized loss on investment securities | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of assets | -1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in accounts payable and accrued and other liabilities related to purchases of property, equipment and technology | 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock issued in acquisitions | 16,785,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized gain on investment securities | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loss on sale of assets | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on distribution from partnership investment | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
cumulative effect of accounting change – equity in earnings of visa international | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of interest in inovant llc | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
distributions from joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
contributions to joint venture | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
purchases of facilities, equipment, and software | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
minority interest distribution | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
(decreases) increase in accounts payable and accrued and other liabilities related to purchases of facilities, equipment, and software | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest payments on debt and capital lease | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
increase in other assets related to sale of fixed assets |