Visa (V) 10-Q 27 Jan 23 2023 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Dec. 31, 2022	Jan. 18, 2023
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2022
Document Transition Report	false
Entity File Number	001-33977
Entity Registrant Name	VISA INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0267673
Entity Address, Address Line One	P.O. Box 8999
Entity Address, City or Town	San Francisco,
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	94128-8999
City Area Code	650
Local Phone Number	432-3200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001403161
Current Fiscal Year End Date	--09-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A common stock
Document Information [Line Items]
Title of 12(b) Security	Class A Common Stock, par value $0.0001 per share
Trading Symbol	V
Security Exchange Name	NYSE
Entity Common Stock, Shares Outstanding		1,624,954,064
2026 Notes
Document Information [Line Items]
Title of 12(b) Security	1.500% Senior Notes due 2026
Trading Symbol	V26
Security Exchange Name	NYSE
2029 Notes
Document Information [Line Items]
Title of 12(b) Security	2.000% Senior Notes due 2029
Trading Symbol	V29
Security Exchange Name	NYSE
2034 Notes
Document Information [Line Items]
Title of 12(b) Security	2.375% Senior Notes due 2034
Trading Symbol	V34
Security Exchange Name	NYSE
Class B common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		245,513,385
Class C common stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		9,745,019

CONSOLIDATED BALANCE SHEETS (UN

CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Assets
Cash and cash equivalents	$ 13,334	$ 15,689
Restricted cash equivalents—U.S. litigation escrow	1,705	1,449
Investment securities	2,785	2,833
Settlement receivable	2,127	1,932
Accounts receivable	2,113	2,020
Customer collateral	2,591	2,342
Current portion of client incentives	1,402	1,272
Prepaid expenses and other current assets	1,802	2,668
Total current assets	27,859	30,205
Investment securities	2,735	2,136
Client incentives	3,657	3,348
Property, equipment and technology, net	3,236	3,223
Goodwill	18,024	17,787
Intangible assets, net	26,307	25,065
Other assets	3,569	3,737
Total assets	85,387	85,501
Liabilities
Accounts payable	258	340
Settlement payable	3,573	3,281
Customer collateral	2,591	2,342
Accrued compensation and benefits	736	1,359
Client incentives	6,553	6,099
Accrued liabilities	3,940	3,726
Current maturities of debt	0	2,250
Accrued litigation	1,702	1,456
Total current liabilities	19,353	20,853
Long-term debt	20,487	20,200
Deferred tax liabilities	5,443	5,332
Other liabilities	3,180	3,535
Total liabilities	48,463	49,920
Equity
Preferred stock	1,981	2,324
Common stock and additional paid-in capital	19,827	19,545
Right to recover for covered losses	(28)	(35)
Accumulated income	16,403	16,116
Accumulated other comprehensive income (loss), net:
Investment securities	(94)	(106)
Defined benefit pension and other postretirement plans	(167)	(169)
Derivative instruments	(213)	418
Foreign currency translation adjustments	(785)	(2,512)
Total accumulated other comprehensive income (loss), net	(1,259)	(2,369)
Total equity	36,924	35,581
Total liabilities and equity	$ 85,387	$ 85,501

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - $ / shares shares in Millions	Dec. 31, 2022	Sep. 30, 2022
Preferred Stock
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	25	25
Preferred stock, shares issued (in shares)	5	5
Preferred stock, shares outstanding (in shares)	5	5
Series A preferred stock
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series B preferred stock
Preferred stock, shares issued (in shares)	2	2
Preferred stock, shares outstanding (in shares)	2	2
Series C preferred stock
Preferred stock, shares issued (in shares)	3	3
Preferred stock, shares outstanding (in shares)	3	3
Common Stock [Member]
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	2,003,341	2,003,341
Common stock, shares issued (in shares)	1,881	1,890
Common stock, shares outstanding (in shares)	1,881	1,890
Class A common stock
Common stock, shares authorized (in shares)	2,001,622	2,001,622
Common stock, shares issued (in shares)	1,626	1,635
Common stock, shares outstanding (in shares)	1,626	1,635
Class B common stock
Common stock, shares authorized (in shares)	622	622
Common stock, shares issued (in shares)	245	245
Common stock, shares outstanding (in shares)	245	245
Class C common stock
Common stock, shares authorized (in shares)	1,097	1,097
Common stock, shares issued (in shares)	10	10
Common stock, shares outstanding (in shares)	10	10

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Net revenues	$ 7,936	$ 7,059
Operating Expenses
Personnel	1,337	1,125
Marketing	332	280
Network and processing	178	190
Professional fees	109	100
Depreciation and amortization	227	198
General and administrative	322	242
Litigation provision	341	148
Total operating expenses	2,846	2,283
Operating income	5,090	4,776
Non-operating Income (Expense)
Interest expense	(137)	(134)
Investment income (expense) and other	24	255
Total non-operating income (expense)	(113)	121
Income before income taxes	4,977	4,897
Income tax provision	798	938
Net income	$ 4,179	$ 3,959
Class A common stock
Earnings Per Share
Basic Earnings Per Share (in dollars per share)	$ 1.99	$ 1.84
Basic Weighted-average Shares Outstanding (in shares)	1,629	1,669
Diluted Earnings Per Share (in dollars per share)	$ 1.99	$ 1.83
Diluted Weighted-average Shares Outstanding (in shares)	2,102	2,159
Class B common stock
Earnings Per Share
Basic Earnings Per Share (in dollars per share)	$ 3.19	$ 2.98
Basic Weighted-average Shares Outstanding (in shares)	245	245
Diluted Earnings Per Share (in dollars per share)	$ 3.19	$ 2.98
Diluted Weighted-average Shares Outstanding (in shares)	245	245
Class C common stock
Earnings Per Share
Basic Earnings Per Share (in dollars per share)	$ 7.96	$ 7.35
Basic Weighted-average Shares Outstanding (in shares)	10	10
Diluted Earnings Per Share (in dollars per share)	$ 7.95	$ 7.34
Diluted Weighted-average Shares Outstanding (in shares)	10	10

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 4,179	$ 3,959
Investment securities:
Net unrealized gain (loss)	15	(10)
Income tax effect	(3)	2
Defined benefit pension and other postretirement plans:
Net unrealized actuarial gain (loss) and prior service credit (cost)	2	1
Income tax effect	(1)	0
Reclassification adjustments	1	1
Derivative instruments:
Net unrealized gain (loss)	(116)	114
Income tax effect	14	(22)
Reclassification adjustments	(7)	(6)
Income tax effect	(4)	0
Foreign currency translation adjustments	1,209	(588)
Other comprehensive income (loss), net of tax	1,110	(508)
Comprehensive income	$ 5,289	$ 3,451

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) - USD ($) shares in Millions, $ in Millions		Total	Preferred Stock		Common Stock and Additional Paid-in Capital	Right to Recover for Covered Losses	Accumulated Income	Accumulated Other Comprehensive Income (Loss), Net
Beginning balance (in shares) at Sep. 30, 2021			5
Beginning balance at Sep. 30, 2021		$ 37,589	$ 3,080	[1]	$ 18,855	$ (133)	$ 15,351	$ 436
Beginning balance (in shares) at Sep. 30, 2021					1,932
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		3,959					3,959
Other Comprehensive Income (Loss), Net of Tax		(508)						(508)
VE territory covered losses incurred		(7)				(7)
Recovery through conversion rate adjustment		0	$ (29)			29
Conversion to class A common stock upon sales into public market (in shares)			0	[2]	1
Conversion to class A common stock upon sales into public market		0	$ (56)		$ 56
Share-based compensation, net of forfeitures		128			$ 128
Stock issued under equity plans (in shares)					2
Stock issued under equity plans		59			$ 59
Restricted stock and performance-based shares settled in cash for taxes (in shares)	[2]				0
Restricted stock and performance-based shares settled in cash for taxes		(113)			$ (113)
Cash dividends declared and paid, at a quarterly amount per class A common stock		(809)					(809)
Repurchase of class A common stock (in shares)					(19)
Repurchase of class A common stock		(4,104)			$ (209)		(3,895)
Ending balance (in shares) at Dec. 31, 2021			5
Ending balance at Dec. 31, 2021		36,194	$ 2,995	[1]	$ 18,776	(111)	14,606	(72)
Ending balance (in shares) at Dec. 31, 2021					1,916
Beginning balance (in shares) at Sep. 30, 2022			5
Beginning balance at Sep. 30, 2022		35,581	$ 2,324	[3]	$ 19,545	(35)	16,116	(2,369)
Beginning balance (in shares) at Sep. 30, 2022					1,890
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income		4,179					4,179
Other Comprehensive Income (Loss), Net of Tax		1,110						1,110
VE territory covered losses incurred		(8)				(8)
Recovery through conversion rate adjustment		1	$ (14)			15
Conversion to class A common stock upon sales into public market (in shares)			0	[4]	5
Conversion to class A common stock upon sales into public market		0	$ (329)		$ 329
Share-based compensation, net of forfeitures		177			$ 177
Stock issued under equity plans (in shares)					2
Stock issued under equity plans		56			$ 56
Restricted stock and performance-based shares settled in cash for taxes (in shares)	[4]				0
Restricted stock and performance-based shares settled in cash for taxes		(112)			$ (112)
Cash dividends declared and paid, at a quarterly amount per class A common stock		(945)					(945)
Repurchase of class A common stock (in shares)					(16)
Repurchase of class A common stock		(3,115)			$ (168)		(2,947)
Ending balance (in shares) at Dec. 31, 2022			5
Ending balance at Dec. 31, 2022		$ 36,924	$ 1,981	[3]	$ 19,827	$ (28)	$ 16,403	$ (1,259)
Ending balance (in shares) at Dec. 31, 2022					1,881
[1] As of December 31, 2021 and September 30, 2021, the book value of series A preferred stock was $430 million and $486 million, respectively. Refer to Note 4—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock. As of December 31, 2022 and September 30, 2022, the book value of series A preferred stock was $723 million and $1.0 billion, respectively. Refer to Note 4—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock.

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY (UNAUDITED) (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022	Sep. 30, 2021
Dividends declared, quarterly, per share (in dollars per share)	$ 0.45	$ 0.375
Dividends paid, quarterly, per share (in dollars per share)	$ 0.45	$ 0.375
Preferred stock	$ 1,981		$ 2,324
Series A preferred stock
Preferred stock	$ 723	$ 430	$ 1,000	$ 486

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating Activities
Net income	$ 4,179	$ 3,959
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Client incentives	2,786	2,371
Share-based compensation	177	128
Depreciation and amortization of property, equipment, technology and intangible assets	227	198
Deferred income taxes	(132)	(15)
VE territory covered losses incurred	(8)	(7)
(Gains) losses on equity investments, net	106	(231)
Other	(26)	(32)
Change in operating assets and liabilities:
Settlement receivable	(54)	(76)
Accounts receivable	(60)	(213)
Client incentives	(2,743)	(2,339)
Other assets	160	(163)
Accounts payable	(64)	(9)
Settlement payable	44	409
Accrued and other liabilities	(666)	206
Accrued litigation	245	46
Net cash provided by (used in) operating activities	4,171	4,232
Investing Activities
Purchases of property, equipment and technology	(249)	(173)
Investment securities:
Purchases	(1,995)	(951)
Proceeds from maturities and sales	1,310	1,374
Acquisitions, net of cash acquired	0	(832)
Purchases of other investments	(20)	(37)
Settlement of derivative instruments	402	0
Other investing activities	42	72
Net cash provided by (used in) investing activities	(510)	(547)
Financing Activities
Repurchase of class A common stock	(3,115)	(4,104)
Repayments of debt	(2,250)	0
Dividends paid	(945)	(809)
Cash proceeds from issuance of class A common stock under equity plans	56	59
Restricted stock and performance-based shares settled in cash for taxes	(112)	(113)
Other financing activities	19	0
Net cash provided by (used in) financing activities	(6,347)	(4,967)
Effect of exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents	692	(194)
Increase (decrease) in cash, cash equivalents, restricted cash and restricted cash equivalents	(1,994)	(1,476)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	20,377	19,799
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	18,383	18,323
Supplemental Disclosure
Cash paid for income taxes, net	721	268
Interest payments on debt	244	244
Accruals related to purchases of property, equipment and technology	$ 27	$ 53

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 1—Summary of Significant Accounting Policies Organization. Visa Inc. and its subsidiaries (Visa or the Company) is a global payments technology company that facilitates global commerce and money movement across more than 200 countries and territories. Visa operates one of the world’s largest electronic payments network — VisaNet — which provides transaction processing services (primarily authorization, clearing and settlement). The Company offers products, solutions and services that facilitate secure, reliable and efficient money movement for participants in the ecosystem. Visa is not a financial institution and does not issue cards, extend credit or set rates and fees for account holders of Visa products. In most cases, account holder and merchant relationships belong to, and are managed by, Visa’s financial institution clients. Consolidation and basis of presentation. The accompanying unaudited consolidated financial statements include the accounts of Visa and its consolidated entities and are presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company consolidates its majority-owned and controlled entities, including variable interest entities (VIEs) for which the Company is the primary beneficiary. The Company’s investments in VIEs have not been material to its unaudited consolidated financial statements as of and for the periods presented. All significant intercompany accounts and transactions are eliminated in consolidation. The accompanying unaudited consolidated financial statements are presented in accordance with U.S. Securities and Exchange Commission (SEC) requirements for Quarterly Reports on Form 10-Q and, consequently, do not include all of the annual disclosures required by U.S. GAAP. Reference should be made to the Visa Annual Report on Form 10-K for the year ended September 30, 2022 for additional disclosures, including a summary of the Company’s significant accounting policies. In the opinion of management, the accompanying unaudited consolidated financial statements include all normal recurring adjustments necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods presented. The results of operations for interim periods are not necessarily indicative of results for the full year. Use of estimates. The preparation of the accompanying unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenues and expenses during the reporting period. These estimates may change as new events occur and additional information is obtained, and will be recognized in the period in which such changes occur. Future actual results could differ materially from these estimates.

Revenues

Revenues	3 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenues	Note 2—Revenues The nature, amount, timing and uncertainty of the Company’s revenues and cash flows and how they are affected by economic factors are most appropriately depicted through the Company’s revenue categories and geographical markets. The following tables disaggregate the Company’s net revenues by revenue category and by geography: Three Months Ended 2022 2021 (in millions) Service revenues $ 3,511 $ 3,193 Data processing revenues 3,827 3,614 International transaction revenues 2,797 2,174 Other revenues 587 449 Client incentives (2,786) (2,371) Net revenues $ 7,936 $ 7,059 Three Months Ended 2022 2021 (in millions) U.S. $ 3,567 $ 3,178 International 4,369 3,881 Net revenues $ 7,936 $ 7,059

Cash, Cash Equivalents, Restric

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	3 Months Ended
	Dec. 31, 2022
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	Note 3—Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents The Company reconciles cash, cash equivalents, restricted cash and restricted cash equivalents reported in the consolidated balance sheets that aggregate to the beginning and ending balances shown in the consolidated statements of cash flows as follows: December 31, September 30, (in millions) Cash and cash equivalents $ 13,334 $ 15,689 Restricted cash and restricted cash equivalents: U.S. litigation escrow 1,705 1,449 Customer collateral 2,591 2,342 Prepaid expenses and other current assets 753 897 Cash, cash equivalents, restricted cash and restricted cash equivalents $ 18,383 $ 20,377

U.S. and Europe Retrospective R

U.S. and Europe Retrospective Responsibility Plans	3 Months Ended
	Dec. 31, 2022
Retrospective Responsibility Plans [Abstract]
U.S. and Europe Retrospective Responsibility Plans	Note 4—U.S. and Europe Retrospective Responsibility Plans U.S. Retrospective Responsibility Plan Under the terms of the U.S. retrospective responsibility plan, the Company maintains an escrow account from which settlements of, or judgments in, certain litigation referred to as the “U.S. covered litigation” are paid. The accrual related to the U.S. covered litigation could be either higher or lower than the U.S. litigation escrow account balance. See Note 12—Legal Matters . The following table presents the changes in the restricted cash equivalents—U.S. litigation escrow account: Three Months Ended 2022 2021 (in millions) Balance at beginning of period $ 1,449 $ 894 Deposits into the litigation escrow account 350 250 Payments to opt-out merchants (1) , net of interest earned on escrow funds (94) — Balance at end of period $ 1,705 $ 1,144 (1) These payments are associated with the interchange multidistrict litigation. See Note 12—Legal Matters . Europe Retrospective Responsibility Plan Visa Inc., Visa International and Visa Europe are parties to certain existing and potential litigation relating to the setting of multilateral interchange fee rates in the Visa Europe territory (VE territory covered litigation). Under the terms of the Europe retrospective responsibility plan, the Company is entitled to recover certain losses resulting from VE territory covered litigation (VE territory covered losses) through a periodic adjustment to the class A common stock conversion rates applicable to the series B and C preferred stock. VE territory covered losses are recorded in a contra-equity account referred to as “right to recover for covered losses” within stockholders’ equity before the corresponding adjustment to the applicable conversion rate is effected. Adjustments to the conversion rate may be executed once in any six-month period unless a single, individual loss greater than €20 million is incurred, in which case, the six-month limitation does not apply. When the adjustment to the conversion rate is made, the amount previously recorded in “right to recover for covered losses” as contra-equity is then recorded against the book value of the preferred stock within stockholders’ equity. The following table presents the activities related to VE territory covered losses in preferred stock and “right to recover for covered losses” within stockholders’ equity: Preferred Stock Right to Recover for Covered Losses Series B Series C (in millions) Balance as of September 30, 2022 $ 460 $ 812 $ (35) VE territory covered losses incurred (1) — — (8) Recovery through conversion rate adjustment (2) (7) (7) 15 Balance as of December 31, 2022 $ 453 $ 805 $ (28) Preferred Stock Right to Recover for Covered Losses Series B Series C (in millions) Balance as of September 30, 2021 $ 1,071 $ 1,523 $ (133) VE territory covered losses incurred (1) — — (7) Recovery through conversion rate adjustment (26) (3) 29 Balance as of December 31, 2021 $ 1,045 $ 1,520 $ (111) (1) VE territory covered losses incurred reflect settlements with merchants and additional legal costs. See Note 12—Legal Matters . (2) Adjustment to right to recover for covered losses for the conversion rate adjustment differs from the actual recovered amount due to differences in foreign exchange rates between the time the losses were incurred and the subsequent recovery through the conversion rate adjustment. The following table presents the as-converted value of the preferred stock available to recover VE territory covered losses compared to the book value of preferred stock recorded in stockholders’ equity within the Company’s consolidated balance sheets: December 31, 2022 September 30, 2022 As-converted Value of Preferred Stock (1),(2) Book Value of Preferred Stock (1) As-converted Value of Preferred Stock (1),(3) Book Value of Preferred Stock (1) (in millions) Series B preferred stock $ 1,524 $ 453 $ 1,309 $ 460 Series C preferred stock 2,383 805 2,044 812 Total 3,907 1,258 3,353 1,272 Less: right to recover for covered losses (28) (28) (35) (35) Total recovery for covered losses available $ 3,879 $ 1,230 $ 3,318 $ 1,237 (1) Figures in the table may not recalculate exactly due to rounding. As-converted and book values are based on unrounded numbers. (2) As of December 31, 2022, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 2.958 and 3.634, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $207.76, Visa’s class A common stock closing stock price. (3) As of September 30, 2022, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 2.971 and 3.645, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $177.65, Visa’s class A common stock closing stock price.

Fair Value Measurements and Inv

Fair Value Measurements and Investments	3 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements and Investments	Note 5—Fair Value Measurements and Investments Assets and Liabilities Measured at Fair Value on a Recurring Basis Fair Value Measurements Level 1 Level 2 December 31, September 30, December 31, September 30, (in millions) Assets Cash equivalents and restricted cash equivalents: Money market funds $ 10,078 $ 11,736 $ — $ — U.S. government-sponsored debt securities — — 400 — U.S. Treasury securities 180 799 — — Investment securities: Marketable equity securities 346 437 — — U.S. government-sponsored debt securities — — 964 457 U.S. Treasury securities 4,210 4,005 — — Other current and non-current assets: Money market funds 22 22 — — Derivative instruments — — 245 1,131 Total $ 14,836 $ 16,999 $ 1,609 $ 1,588 Liabilities Accrued compensation and benefits: Deferred compensation liability $ 184 $ 146 $ — $ — Accrued and other liabilities: Derivative instruments — — 398 418 Total $ 184 $ 146 $ 398 $ 418 Level 1 assets and liabilities. Money market funds, marketable equity securities and U.S. Treasury securities are classified as Level 1 within the fair value hierarchy, as fair value is based on unadjusted quoted prices in active markets for identical assets. The Company’s deferred compensation liability is measured at fair value based on marketable equity securities held under the deferred compensation plan. Level 2 assets and liabilities. The fair value of U.S. government-sponsored debt securities, as provided by third-party pricing vendors, is based on quoted prices in active markets for similar, not identical, assets. Derivative instruments are valued using inputs that are observable in the market or can be derived principally from or corroborated by observable market data. U.S. Government-sponsored Debt Securities and U.S. Treasury Securities The amortized cost, unrealized gains and losses and fair value of debt securities were as follows: December 31, 2022 Amortized Gross Unrealized Fair Gains Losses (in millions) U.S. government-sponsored debt securities $ 1,364 $ 1 $ (1) $ 1,364 U.S. Treasury securities 4,509 2 (121) 4,390 Total $ 5,873 $ 3 $ (122) $ 5,754 September 30, 2022 Amortized Gross Unrealized Fair Gains Losses (in millions) U.S. government-sponsored debt securities $ 458 $ — $ (1) $ 457 U.S. Treasury securities 4,937 — (133) 4,804 Total $ 5,395 $ — $ (134) $ 5,261 Debt securities with unrealized losses for less than 12 months and 12 months or greater were as follows: December 31, 2022 Less Than 12 Months 12 Months or Greater Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in millions) U.S. government-sponsored debt securities $ 347 $ (1) $ — $ — U.S. Treasury securities 1,598 (38) 1,966 (83) Total $ 1,945 $ (39) $ 1,966 $ (83) September 30, 2022 Less Than 12 Months Fair Value Gross Unrealized Losses (in millions) U.S. government-sponsored debt securities $ 408 $ (1) U.S. Treasury securities 3,507 (133) Total $ 3,915 $ (134) The unrealized losses were primarily attributable to changes in interest rates. The stated maturities of debt securities were as follows: December 31, (in millions) Due within one year $ 3,019 Due after 1 year through 5 years 2,735 Total $ 5,754 Equity Securities The Company’s non-marketable equity securities are investments in privately held companies without readily determinable market values. These investments are measured at fair value on a non-recurring basis and are classified as Level 3 due to the absence of quoted market prices, the inherent lack of liquidity and the fact that inputs used to measure fair value are unobservable and require management’s judgment. The following table summarizes the total carrying value of the Company’s non-marketable equity securities held as of December 31, 2022 including cumulative unrealized gains and losses: December 31, (in millions) Initial cost basis $ 739 Adjustments: Upward adjustments 827 Downward adjustments (including impairment) (349) Carrying amount, end of period $ 1,217 Unrealized gains and losses included in the carrying value of the Company’s non-marketable equity securities still held as of December 31, 2022 and 2021 were as follows: Three Months Ended 2022 2021 (in millions) Upward adjustments $ 17 $ 224 Downward adjustments (including impairment) $ — $ — For the three months ended December 31, 2022 and 2021, the Company recognized net unrealized losses of $102 million and net unrealized gains of $172 million, respectively, on marketable and non-marketable equity securities still held as of quarter end. Other Fair Value Disclosures Debt. Debt instruments are measured at amortized cost on the Company’s unaudited consolidated balance sheets. The fair value of the debt instruments, as provided by third-party pricing vendors, is based on quoted prices in active markets for similar, not identical, assets. If measured at fair value in the financial statements, these instruments would be classified as Level 2 in the fair value hierarchy. As of December 31, 2022, the carrying value and estimated fair value of debt was $20.5 billion and $18.4 billion, respectively. As of September 30, 2022, the carrying value and estimated fair value of debt was $22.5 billion and $19.9 billion, respectively. Other financial instruments not measured at fair value. As of December 31, 2022, the carrying values of settlement receivable and payable and customer collateral are an approximate fair value due to their generally short maturities. If measured at fair value in the financial statements, these financial instruments would be classified as Level 2 in the fair value hierarchy. Non-financial assets. Certain non-financial assets such as goodwill, intangible assets and property, equipment and technology are subject to non-recurring fair value measurements if they are deemed to be impaired. As of December 31, 2022, there were no impairment indicators.

Debt

Debt	3 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Note 6—Debt The Company had outstanding debt as follows: December 31, September 30, Effective Interest Rate (1) (in millions, except percentages) U.S. dollar notes 2.80% Senior Notes due December 2022 $ — $ 2,250 2.89 % 3.15% Senior Notes due December 2025 4,000 4,000 3.26 % 1.90% Senior Notes due April 2027 1,500 1,500 2.02 % 0.75% Senior Notes due August 2027 500 500 0.84 % 2.75% Senior Notes due September 2027 750 750 2.91 % 2.05% Senior Notes due April 2030 1,500 1,500 2.13 % 1.10% Senior Notes due February 2031 1,000 1,000 1.20 % 4.15% Senior Notes due December 2035 1,500 1,500 4.23 % 2.70% Senior Notes due April 2040 1,000 1,000 2.80 % 4.30% Senior Notes due December 2045 3,500 3,500 4.37 % 3.65% Senior Notes due September 2047 750 750 3.73 % 2.00% Senior Notes due August 2050 1,750 1,750 2.09 % Euro notes 1.50% Senior Notes due June 2026 1,447 1,325 1.71 % 2.00% Senior Notes due June 2029 1,072 982 2.13 % 2.375% Senior Notes due June 2034 697 638 2.53 % Total debt 20,966 22,945 Unamortized discounts and debt issuance costs (171) (173) Hedge accounting fair value adjustments (2) (308) (322) Total carrying value of debt $ 20,487 $ 22,450 Reported as: Current maturities of debt $ — $ 2,250 Long-term debt 20,487 20,200 Total carrying value of debt $ 20,487 $ 22,450 (1) Effective interest rates disclosed do not reflect hedge accounting adjustments. (2) Represents the fair value of interest rate swap agreements entered into on a portion of the outstanding senior notes. Senior Notes During the three months ended December 31, 2022, the Company repaid $2.25 billion of principal upon maturity of its senior notes due December 2022. Non-derivative Financial Instrument Designated as a Net Investment Hedge During the three months ended December 31, 2022, the Company designated €1.8 billion of the Euro-denominated fixed-rate senior notes (Euro Notes) issued in June 2022 as a hedge against a portion of the Company’s Euro-denominated net investment in Visa Europe. As of December 31, 2022, all of the €3.0 billion Euro Notes were designated as a net investment hedge.

Settlement Guarantee Management

Settlement Guarantee Management	3 Months Ended
	Dec. 31, 2022
Settlement Guarantee Management [Abstract]
Settlement Guarantee Management	Note 7—Settlement Guarantee Management The Company indemnifies its clients for settlement losses suffered due to failure of any other client to fund its settlement obligations in accordance with the Visa operating rules. This indemnification creates settlement risk for the Company due to the difference in timing between the date of a payment transaction and the date of subsequent settlement. Historically, the Company has experienced minimal losses as a result of its settlement risk guarantee. However, the Company’s future obligations, which could be material under its guarantees, are not determinable as they are dependent upon future events. The Company’s settlement exposure is limited to the amount of unsettled Visa payment transactions at any point in time, which vary significantly day to day. During the three months ended December 31, 2022, the Company’s maximum daily settlement exposure was $123.5 billion and the average daily settlement exposure was $76.0 billion. The Company maintains and regularly reviews global settlement risk policies and procedures to manage settlement exposure, which may require clients to post collateral if certain credit standards are not met. The Company held the following collateral to manage settlement exposure: December 31, September 30, (in millions) Restricted cash and restricted cash equivalents $ 2,591 $ 2,342 Pledged securities at market value 255 213 Letters of credit 1,659 1,582 Guarantees 984 950 Total $ 5,489 $ 5,087

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Note 8—Stockholders’ Equity As-converted class A common stock. The number of shares of each series and class, and the number of shares of class A common stock on an as-converted basis were as follows: December 31, 2022 September 30, 2022 Shares Conversion Rate Into As-converted Class A Common Stock (1) Shares Conversion Rate Into As-converted Class A Common Stock (1) (in millions, except conversion rate) Series A preferred stock — (2) 100.0000 11 — (2) 100.0000 16 Series B preferred stock 2 2.9580 7 2 2.9710 7 Series C preferred stock 3 3.6340 11 3 3.6450 12 Class A common stock (3) 1,626 — 1,626 1,635 — 1,635 Class B common stock 245 1.5991 (4) 393 245 1.6059 (4) 394 Class C common stock 10 4.0000 39 10 4.0000 39 Total 2,087 2,103 (1) Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on unrounded numbers. (2) The number of shares outstanding was less than one million. (3) Class A common stock shares outstanding reflect repurchases that settled on or before December 31, 2022 and September 30, 2022. (4) The class B to class A common stock conversion rate is presented on a rounded basis. Conversion calculations for dividend payments are based on a conversion rate rounded to the tenth decimal. Reduction in as-converted shares. The following table presents the reduction in the number of as-converted class B common stock after deposit into the U.S. litigation escrow account for the three months ended December 31, 2022 and 2021. Three Months Ended 2022 2021 (in millions, except per share data) Reduction in equivalent number of class A common stock 2 1 Effective price per share (1) $ 209.14 $ 217.61 Deposits under the U.S. retrospective responsibility plan $ 350 $ 250 (1) Effective price per share is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificate of incorporation. The following table presents the reduction in the number of as-converted series B and C preferred stock after the Company recovered VE territory covered losses through conversion rate adjustments: Three Months Ended Three Months Ended Series B Series C Series B Series C (in millions, except per share data) Reduction in equivalent number of class A common stock — (1) — (1) — (1) — (1) Effective price per share (2) $ 211.34 $ 211.34 $ 201.68 $ 201.68 Recovery through conversion rate adjustment $ 7 $ 7 $ 26 $ 3 (1) The reduction in equivalent number of shares of class A common stock was less than one million shares. (2) Effective price per share for the quarter is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificates of designations for its series B and C preferred stock. Common stock repurchases. The following table presents share repurchases in the open market: Three Months Ended 2022 2021 (in millions, except per share data) Shares repurchased in the open market (1) 16 19 Average repurchase price per share (2) $ 197.69 $ 210.32 Total cost (2) $ 3,115 $ 4,104 (1) Shares repurchased in the open market reflect repurchases that settled during the three months ended December 31, 2022 and 2021. All shares repurchased in the open market have been retired and constitute authorized but unissued shares. (2) Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share and total cost are calculated based on unrounded numbers. In October 2022, the Company’s board of directors authorized a $12.0 billion share repurchase program. Previously, in December 2021, the Company’s board of directors authorized a $12.0 billion share repurchase program (December 2021 Program). These authorizations have no expiration date. As of December 31, 2022, the Company’s repurchase programs had remaining authorized funds of $14.1 billion. All share repurchase programs authorized prior to the December 2021 Program have been completed.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Note 9—Earnings Per Share The following table presents earnings per share for the three months ended December 31, 2022: Basic Earnings Per Share Diluted Earnings Per Share Income Allocation (A) (1) Weighted- Earnings per Share = (A)/(B) (2) Income Allocation (A) (1) Weighted- Earnings per Share = (A)/(B) (2) (in millions, except per share data) Class A common stock $ 3,243 1,629 $ 1.99 $ 4,179 2,102 (3) $ 1.99 Class B common stock 784 245 $ 3.19 $ 784 245 $ 3.19 Class C common stock 78 10 $ 7.96 $ 78 10 $ 7.95 Participating securities 74 Not presented Not presented $ 74 Not presented Not presented Net income $ 4,179 The following table presents earnings per share for the three months ended December 31, 2021: Basic Earnings Per Share Diluted Earnings Per Share Income Allocation (A) (1) Weighted- Earnings per Share = (A)/(B) (2) Income Allocation (A) (1) Weighted- Earnings per Share = (A)/(B) (2) (in millions, except per share data) Class A common stock $ 3,065 1,669 $ 1.84 $ 3,959 2,159 (3) $ 1.83 Class B common stock 732 245 $ 2.98 $ 731 245 $ 2.98 Class C common stock 74 10 $ 7.35 $ 74 10 $ 7.34 Participating securities 88 Not presented Not presented $ 88 Not presented Not presented Net income $ 3,959 (1) The weighted-average number of shares of as-converted class B common stock used in the income allocation was 394 million and 398 million for the three months ended December 31, 2022 and 2021, respectively. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 39 million and 40 million for the three months ended December 31, 2022 and 2021, respectively. The weighted-average number of shares of preferred stock included within participating securities was 13 million and 7 million of as-converted series A preferred stock for the three months ended December 31, 2022 and 2021, respectively, 7 million and 16 million of as-converted series B preferred stock for the three months ended December 31, 2022 and 2021, respectively, and 11 million and 22 million of as-converted series C preferred stock for the three months ended December 31, 2022 and 2021, respectively. (2) Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers. (3) Weighted-average diluted shares outstanding are calculated on an as-converted basis and include incremental common stock equivalents, as calculated under the treasury stock method. The common stock equivalents are not material for the three months ended December 31, 2022 and 2021.

Share-based Compensation

Share-based Compensation	3 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Share-based Compensation	Note 10—Share-based Compensation The following table presents the equity awards granted to employees and non-employee directors under the 2007 Equity Incentive Compensation Plan (EIP) during the three months ended December 31, 2022: Granted Weighted-Average Grant Date Fair Value Weighted-Average Exercise Price Non-qualified stock options 785,254 $ 57.29 $ 210.80 Restricted stock units 2,998,777 $ 210.18 Performance-based shares (1) 457,178 $ 216.08 (1) Represents the maximum number of performance-based shares which could be earned. For the three months ended December 31, 2022 and 2021, the Company recorded share-based compensation cost related to the EIP of $170 million and $121 million, respectively.

Income Taxes

Income Taxes	3 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Note 11—Income Taxes For the three months ended December 31, 2022 and 2021, the effective income tax rates were 16% and 19%, respectively. The difference in the effective tax rates is primarily due to a $142 million tax benefit related to prior years recognized during the three months ended December 31, 2022 due to the reassessment of an uncertain tax position as a result of new information obtained during an ongoing tax examination. During the three months ended December 31, 2022, the Company’s gross and net unrecognized tax benefits decreased by $108 million and $149 million, respectively. The decrease in unrecognized tax benefits is primarily related to the reassessment mentioned above, partially offset by an increase in gross timing differences as well as various tax positions across several jurisdictions. The Company’s tax filings are subject to examination by U.S. federal, state and foreign taxing authorities. The timing and outcome of the final resolutions of the various ongoing income tax examinations are highly uncertain. It is not reasonably possible to estimate the increase or decrease in unrecognized tax benefits within the next twelve months.

Legal Matters

Legal Matters	3 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Legal Matters	Note 12—Legal Matters The Company is party to various legal and regulatory proceedings. Some of these proceedings involve complex claims that are subject to substantial uncertainties and unascertainable damages. For those proceedings where a loss is determined to be only reasonably possible or probable but not estimable, the Company has disclosed the nature of the claim. Additionally, unless otherwise disclosed below with respect to these proceedings, the Company cannot provide an estimate of the possible loss or range of loss. Although the Company believes that it has strong defenses for the litigation and regulatory proceedings described below, it could, in the future, incur judgments or fines or enter into settlements of claims that could have a material adverse effect on the Company’s financial position, results of operations or cash flows. From time to time, the Company may engage in settlement discussions or mediations with respect to one or more of its outstanding litigation matters, either on its own behalf or collectively with other parties. The litigation accrual is an estimate and is based on management’s understanding of its litigation profile, the specifics of each case, advice of counsel to the extent appropriate and management’s best estimate of incurred loss as of the balance sheet date. The following table summarizes the activity related to accrued litigation: Three Months Ended 2022 2021 (in millions) Balance at beginning of period $ 1,456 $ 983 Provision for uncovered legal matters — 1 Provision for covered legal matters 347 146 Payments for legal matters (101) (103) Balance at end of period $ 1,702 $ 1,027 Accrual Summary—U.S. Covered Litigation Visa Inc., Visa U.S.A. and Visa International are parties to certain legal proceedings that are covered by the U.S. retrospective responsibility plan, which the Company refers to as the U.S. covered litigation. An accrual for the U.S. covered litigation and a charge to the litigation provision are recorded when a loss is deemed to be probable and reasonably estimable. In making this determination, the Company evaluates available information, including but not limited to actions taken by the Company’s litigation committee. The total accrual related to the U.S. covered litigation could be either higher or lower than the escrow account balance. See further discussion below under U.S. Covered Litigation and Note 4—U.S. and Europe Retrospective Responsibility Plans. The following table summarizes the accrual activity related to U.S. covered litigation: Three Months Ended 2022 2021 (in millions) Balance at beginning of period $ 1,441 $ 881 Provision for interchange multidistrict litigation 341 145 Payments for U.S. covered litigation (101) — Balance at end of period $ 1,681 $ 1,026 During the three months ended December 31, 2022, the Company recorded an additional accrual of $341 million and deposited $350 million into the U.S. litigation escrow account to address claims associated with the interchange multidistrict litigation. The U.S. covered litigation accrual balance is consistent with the Company’s best estimate of its share of a probable and reasonably estimable loss with respect to U.S. covered litigation. While this estimate is consistent with the Company’s view of the current status of the litigation, the probable and reasonably estimable loss or range of such loss could materially vary based on developments in the litigation. The Company will continue to consider and reevaluate this estimate in light of the substantial uncertainties with respect to the litigation. The Company is unable to estimate a potential loss or range of loss, if any, at trial if negotiated resolutions cannot be reached. Accrual Summary—VE Territory Covered Litigation Visa Inc., Visa International and Visa Europe are parties to certain legal proceedings that are covered by the Europe retrospective responsibility plan. Unlike the U.S. retrospective responsibility plan, the Europe retrospective responsibility plan does not have an escrow account that is used to fund settlements or judgments. The Company is entitled to recover VE territory covered losses through periodic adjustments to the conversion rates applicable to the series B and C preferred stock. An accrual for the VE territory covered losses and a reduction to stockholders’ equity will be recorded when the loss is deemed to be probable and reasonably estimable. See further discussion below under VE Territory Covered Litigation and Note 4—U.S. and Europe Retrospective Responsibility Plans . The following table summarizes the accrual activity related to VE territory covered litigation: Three Months Ended 2022 2021 (in millions) Balance at beginning of period $ 11 $ 102 Provision for VE territory covered litigation 6 1 Payments for VE territory covered litigation — (102) Balance at end of period $ 17 $ 1 U.S. Covered Litigation Interchange Multidistrict Litigation (MDL) - Individual Merchant Actions Visa has reached settlements with a number of merchants representing approximately 62% of the Visa-branded payment card sales volume of merchants who opted out of the Amended Settlement Agreement with the Damages Class plaintiffs. VE Territory Covered Litigation Europe Merchant Litigation Since July 2013, proceedings have been commenced by more than 900 Merchants (the capitalized term “Merchant” when used in this section, means a Merchant together with subsidiary/affiliate companies that are party to the same claim) against Visa Europe, Visa Inc. and other Visa subsidiaries in the UK and other countries primarily relating to interchange rates in Europe and in some cases relating to fees charged by Visa and certain Visa rules. As of the filing date, Visa has settled the claims asserted by over 150 Merchants, and there are approximately 700 Merchants with outstanding claims. In addition, over 30 additional Merchants have threatened to commence similar proceedings. Standstill agreements have been entered into with respect to some of those threatened Merchant claims, several of which have been settled. Other Litigation EMV Chip Liability Shift On November 30, 2022, Visa, jointly with other defendants, served a motion for summary judgment regarding the claims in the amended complaint and a motion to decertify the class. U.S. Department of Justice Civil Investigative Demand (2021) On January 4, 2023, the Antitrust Division of the U.S. Department of Justice (Division) issued a further Civil Investigative Demand seeking additional documents and information focusing on U.S. debit and competition with other payment methods and networks. Visa is cooperating with the Division in connection with the investigation. Foreign Currency Exchange Rate Litigation On December 21, 2022, plaintiffs filed a third amended complaint asserting the same claims as asserted in the prior complaints. European Commission Client Incentive Agreements Investigation On December 2, 2022, the European Commission (EC) informed Visa that it had opened a preliminary investigation into Visa’s incentive agreements with clients. Visa is cooperating with the EC in connection with the investigation. Consumer Interchange Litigation On December 30, 2022, a putative class action was filed in California state court against Visa, Mastercard, and certain financial institutions on behalf of all Visa and Mastercard cardholders in California who made a purchase using a Visa-branded or Mastercard-branded payment card in California from January 1, 2004. Plaintiffs primarily allege a conspiracy to fix interchange fees and seek injunctive relief, attorneys’ fees and damages as direct and indirect purchasers based on alleged violations of California law. On January 11, 2023, plaintiffs filed an amended complaint asserting the same claims as asserted in the prior complaint.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Consolidation and basis of presentation	Consolidation and basis of presentation. The accompanying unaudited consolidated financial statements include the accounts of Visa and its consolidated entities and are presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). The Company consolidates its majority-owned and controlled entities, including variable interest entities (VIEs) for which the Company is the primary beneficiary. The Company’s investments in VIEs have not been material to its unaudited consolidated financial statements as of and for the periods presented. All significant intercompany accounts and transactions are eliminated in consolidation. The accompanying unaudited consolidated financial statements are presented in accordance with U.S. Securities and Exchange Commission (SEC) requirements for Quarterly Reports on Form 10-Q and, consequently, do not include all of the annual disclosures required by U.S. GAAP. Reference should be made to the Visa Annual Report on Form 10-K for the year ended September 30, 2022 for additional disclosures, including a summary of the Company’s significant accounting policies. In the opinion of management, the accompanying unaudited consolidated financial statements include all normal recurring adjustments necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the interim periods presented. The results of operations for interim periods are not necessarily indicative of results for the full year.
Use of estimates	Use of estimates. The preparation of the accompanying unaudited consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions about future events. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and reported amounts of revenues and expenses during the reporting period. These estimates may change as new events occur and additional information is obtained, and will be recognized in the period in which such changes occur. Future actual results could differ materially from these estimates.

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following tables disaggregate the Company’s net revenues by revenue category and by geography: Three Months Ended 2022 2021 (in millions) Service revenues $ 3,511 $ 3,193 Data processing revenues 3,827 3,614 International transaction revenues 2,797 2,174 Other revenues 587 449 Client incentives (2,786) (2,371) Net revenues $ 7,936 $ 7,059 Three Months Ended 2022 2021 (in millions) U.S. $ 3,567 $ 3,178 International 4,369 3,881 Net revenues $ 7,936 $ 7,059

Cash, Cash Equivalents, Restr_2

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Tables)	3 Months Ended
	Dec. 31, 2022
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents [Abstract]
Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	The Company reconciles cash, cash equivalents, restricted cash and restricted cash equivalents reported in the consolidated balance sheets that aggregate to the beginning and ending balances shown in the consolidated statements of cash flows as follows: December 31, September 30, (in millions) Cash and cash equivalents $ 13,334 $ 15,689 Restricted cash and restricted cash equivalents: U.S. litigation escrow 1,705 1,449 Customer collateral 2,591 2,342 Prepaid expenses and other current assets 753 897 Cash, cash equivalents, restricted cash and restricted cash equivalents $ 18,383 $ 20,377

U.S. and Europe Retrospective_2

U.S. and Europe Retrospective Responsibility Plans (Tables)	3 Months Ended
	Dec. 31, 2022
Retrospective Responsibility Plans [Abstract]
Changes in the U.S. litigation escrow account	The following table presents the changes in the restricted cash equivalents—U.S. litigation escrow account: Three Months Ended 2022 2021 (in millions) Balance at beginning of period $ 1,449 $ 894 Deposits into the litigation escrow account 350 250 Payments to opt-out merchants (1) , net of interest earned on escrow funds (94) — Balance at end of period $ 1,705 $ 1,144 (1) These payments are associated with the interchange multidistrict litigation. See Note 12—Legal Matters .
Changes in Preferred Stock and Right to Recover for Covered Losses	The following table presents the activities related to VE territory covered losses in preferred stock and “right to recover for covered losses” within stockholders’ equity: Preferred Stock Right to Recover for Covered Losses Series B Series C (in millions) Balance as of September 30, 2022 $ 460 $ 812 $ (35) VE territory covered losses incurred (1) — — (8) Recovery through conversion rate adjustment (2) (7) (7) 15 Balance as of December 31, 2022 $ 453 $ 805 $ (28) Preferred Stock Right to Recover for Covered Losses Series B Series C (in millions) Balance as of September 30, 2021 $ 1,071 $ 1,523 $ (133) VE territory covered losses incurred (1) — — (7) Recovery through conversion rate adjustment (26) (3) 29 Balance as of December 31, 2021 $ 1,045 $ 1,520 $ (111) (1) VE territory covered losses incurred reflect settlements with merchants and additional legal costs. See Note 12—Legal Matters .
Preferred Stock As-Converted Value and Book Value	The following table presents the as-converted value of the preferred stock available to recover VE territory covered losses compared to the book value of preferred stock recorded in stockholders’ equity within the Company’s consolidated balance sheets: December 31, 2022 September 30, 2022 As-converted Value of Preferred Stock (1),(2) Book Value of Preferred Stock (1) As-converted Value of Preferred Stock (1),(3) Book Value of Preferred Stock (1) (in millions) Series B preferred stock $ 1,524 $ 453 $ 1,309 $ 460 Series C preferred stock 2,383 805 2,044 812 Total 3,907 1,258 3,353 1,272 Less: right to recover for covered losses (28) (28) (35) (35) Total recovery for covered losses available $ 3,879 $ 1,230 $ 3,318 $ 1,237 (1) Figures in the table may not recalculate exactly due to rounding. As-converted and book values are based on unrounded numbers. (2) As of December 31, 2022, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 2.958 and 3.634, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $207.76, Visa’s class A common stock closing stock price. (3) As of September 30, 2022, the as-converted value of preferred stock is calculated as the product of: (a) 2 million and 3 million shares of the series B and C preferred stock outstanding, respectively; (b) 2.971 and 3.645, the class A common stock conversion rate applicable to the series B and C preferred stock outstanding, respectively; and (c) $177.65, Visa’s class A common stock closing stock price.

Fair Value Measurements and I_2

Fair Value Measurements and Investments (Tables)	3 Months Ended
	Dec. 31, 2022
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Assets and Liabilities Measured at Fair Value on a Recurring Basis Fair Value Measurements Level 1 Level 2 December 31, September 30, December 31, September 30, (in millions) Assets Cash equivalents and restricted cash equivalents: Money market funds $ 10,078 $ 11,736 $ — $ — U.S. government-sponsored debt securities — — 400 — U.S. Treasury securities 180 799 — — Investment securities: Marketable equity securities 346 437 — — U.S. government-sponsored debt securities — — 964 457 U.S. Treasury securities 4,210 4,005 — — Other current and non-current assets: Money market funds 22 22 — — Derivative instruments — — 245 1,131 Total $ 14,836 $ 16,999 $ 1,609 $ 1,588 Liabilities Accrued compensation and benefits: Deferred compensation liability $ 184 $ 146 $ — $ — Accrued and other liabilities: Derivative instruments — — 398 418 Total $ 184 $ 146 $ 398 $ 418
Schedule of Amortized Cost, Unrealized Gains and Losses, and Fair Value of Debt Securities	The amortized cost, unrealized gains and losses and fair value of debt securities were as follows: December 31, 2022 Amortized Gross Unrealized Fair Gains Losses (in millions) U.S. government-sponsored debt securities $ 1,364 $ 1 $ (1) $ 1,364 U.S. Treasury securities 4,509 2 (121) 4,390 Total $ 5,873 $ 3 $ (122) $ 5,754 September 30, 2022 Amortized Gross Unrealized Fair Gains Losses (in millions) U.S. government-sponsored debt securities $ 458 $ — $ (1) $ 457 U.S. Treasury securities 4,937 — (133) 4,804 Total $ 5,395 $ — $ (134) $ 5,261 Debt securities with unrealized losses for less than 12 months and 12 months or greater were as follows: December 31, 2022 Less Than 12 Months 12 Months or Greater Fair Value Gross Unrealized Losses Fair Value Gross Unrealized Losses (in millions) U.S. government-sponsored debt securities $ 347 $ (1) $ — $ — U.S. Treasury securities 1,598 (38) 1,966 (83) Total $ 1,945 $ (39) $ 1,966 $ (83) September 30, 2022 Less Than 12 Months Fair Value Gross Unrealized Losses (in millions) U.S. government-sponsored debt securities $ 408 $ (1) U.S. Treasury securities 3,507 (133) Total $ 3,915 $ (134)
Debt Securities Classified by Contractual Maturity Date	The stated maturities of debt securities were as follows: December 31, (in millions) Due within one year $ 3,019 Due after 1 year through 5 years 2,735 Total $ 5,754
Schedule of Non-Marketable Equity Securities	The following table summarizes the total carrying value of the Company’s non-marketable equity securities held as of December 31, 2022 including cumulative unrealized gains and losses: December 31, (in millions) Initial cost basis $ 739 Adjustments: Upward adjustments 827 Downward adjustments (including impairment) (349) Carrying amount, end of period $ 1,217 Unrealized gains and losses included in the carrying value of the Company’s non-marketable equity securities still held as of December 31, 2022 and 2021 were as follows: Three Months Ended 2022 2021 (in millions) Upward adjustments $ 17 $ 224 Downward adjustments (including impairment) $ — $ —

Debt (Tables)

Debt (Tables)	3 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Schedule of Debt	The Company had outstanding debt as follows: December 31, September 30, Effective Interest Rate (1) (in millions, except percentages) U.S. dollar notes 2.80% Senior Notes due December 2022 $ — $ 2,250 2.89 % 3.15% Senior Notes due December 2025 4,000 4,000 3.26 % 1.90% Senior Notes due April 2027 1,500 1,500 2.02 % 0.75% Senior Notes due August 2027 500 500 0.84 % 2.75% Senior Notes due September 2027 750 750 2.91 % 2.05% Senior Notes due April 2030 1,500 1,500 2.13 % 1.10% Senior Notes due February 2031 1,000 1,000 1.20 % 4.15% Senior Notes due December 2035 1,500 1,500 4.23 % 2.70% Senior Notes due April 2040 1,000 1,000 2.80 % 4.30% Senior Notes due December 2045 3,500 3,500 4.37 % 3.65% Senior Notes due September 2047 750 750 3.73 % 2.00% Senior Notes due August 2050 1,750 1,750 2.09 % Euro notes 1.50% Senior Notes due June 2026 1,447 1,325 1.71 % 2.00% Senior Notes due June 2029 1,072 982 2.13 % 2.375% Senior Notes due June 2034 697 638 2.53 % Total debt 20,966 22,945 Unamortized discounts and debt issuance costs (171) (173) Hedge accounting fair value adjustments (2) (308) (322) Total carrying value of debt $ 20,487 $ 22,450 Reported as: Current maturities of debt $ — $ 2,250 Long-term debt 20,487 20,200 Total carrying value of debt $ 20,487 $ 22,450 (1) Effective interest rates disclosed do not reflect hedge accounting adjustments.

Settlement Guarantee Manageme_2

Settlement Guarantee Management (Tables)	3 Months Ended
	Dec. 31, 2022
Settlement Guarantee Management [Abstract]
Schedule of Customer Collateral	The Company held the following collateral to manage settlement exposure: December 31, September 30, (in millions) Restricted cash and restricted cash equivalents $ 2,591 $ 2,342 Pledged securities at market value 255 213 Letters of credit 1,659 1,582 Guarantees 984 950 Total $ 5,489 $ 5,087

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Schedule of Stock by Class	As-converted class A common stock. The number of shares of each series and class, and the number of shares of class A common stock on an as-converted basis were as follows: December 31, 2022 September 30, 2022 Shares Conversion Rate Into As-converted Class A Common Stock (1) Shares Conversion Rate Into As-converted Class A Common Stock (1) (in millions, except conversion rate) Series A preferred stock — (2) 100.0000 11 — (2) 100.0000 16 Series B preferred stock 2 2.9580 7 2 2.9710 7 Series C preferred stock 3 3.6340 11 3 3.6450 12 Class A common stock (3) 1,626 — 1,626 1,635 — 1,635 Class B common stock 245 1.5991 (4) 393 245 1.6059 (4) 394 Class C common stock 10 4.0000 39 10 4.0000 39 Total 2,087 2,103 (1) Figures in the table may not recalculate exactly due to rounding. As-converted class A common stock is calculated based on unrounded numbers. (2) The number of shares outstanding was less than one million. (3) Class A common stock shares outstanding reflect repurchases that settled on or before December 31, 2022 and September 30, 2022. (4) The class B to class A common stock conversion rate is presented on a rounded basis. Conversion calculations for dividend payments are based on a conversion rate rounded to the tenth decimal.
Effect of VE Territory Covered Losses Recovery on the Company Repurchasing its Common Stock	The following table presents the reduction in the number of as-converted class B common stock after deposit into the U.S. litigation escrow account for the three months ended December 31, 2022 and 2021. Three Months Ended 2022 2021 (in millions, except per share data) Reduction in equivalent number of class A common stock 2 1 Effective price per share (1) $ 209.14 $ 217.61 Deposits under the U.S. retrospective responsibility plan $ 350 $ 250 (1) Effective price per share is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificate of incorporation.
Effect of VE Territory Covered Losses Recovery on the Company Repurchasing its Common Stock	The following table presents the reduction in the number of as-converted series B and C preferred stock after the Company recovered VE territory covered losses through conversion rate adjustments: Three Months Ended Three Months Ended Series B Series C Series B Series C (in millions, except per share data) Reduction in equivalent number of class A common stock — (1) — (1) — (1) — (1) Effective price per share (2) $ 211.34 $ 211.34 $ 201.68 $ 201.68 Recovery through conversion rate adjustment $ 7 $ 7 $ 26 $ 3 (1) The reduction in equivalent number of shares of class A common stock was less than one million shares. (2) Effective price per share for the quarter is calculated using the volume-weighted average price of the Company’s class A common stock over a pricing period in accordance with the Company’s current certificates of designations for its series B and C preferred stock.
Share Repurchase Program Disclosure	Common stock repurchases. The following table presents share repurchases in the open market: Three Months Ended 2022 2021 (in millions, except per share data) Shares repurchased in the open market (1) 16 19 Average repurchase price per share (2) $ 197.69 $ 210.32 Total cost (2) $ 3,115 $ 4,104 (1) Shares repurchased in the open market reflect repurchases that settled during the three months ended December 31, 2022 and 2021. All shares repurchased in the open market have been retired and constitute authorized but unissued shares. (2) Figures in the table may not recalculate exactly due to rounding. Average repurchase price per share and total cost are calculated based on unrounded numbers.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table presents earnings per share for the three months ended December 31, 2022: Basic Earnings Per Share Diluted Earnings Per Share Income Allocation (A) (1) Weighted- Earnings per Share = (A)/(B) (2) Income Allocation (A) (1) Weighted- Earnings per Share = (A)/(B) (2) (in millions, except per share data) Class A common stock $ 3,243 1,629 $ 1.99 $ 4,179 2,102 (3) $ 1.99 Class B common stock 784 245 $ 3.19 $ 784 245 $ 3.19 Class C common stock 78 10 $ 7.96 $ 78 10 $ 7.95 Participating securities 74 Not presented Not presented $ 74 Not presented Not presented Net income $ 4,179 The following table presents earnings per share for the three months ended December 31, 2021: Basic Earnings Per Share Diluted Earnings Per Share Income Allocation (A) (1) Weighted- Earnings per Share = (A)/(B) (2) Income Allocation (A) (1) Weighted- Earnings per Share = (A)/(B) (2) (in millions, except per share data) Class A common stock $ 3,065 1,669 $ 1.84 $ 3,959 2,159 (3) $ 1.83 Class B common stock 732 245 $ 2.98 $ 731 245 $ 2.98 Class C common stock 74 10 $ 7.35 $ 74 10 $ 7.34 Participating securities 88 Not presented Not presented $ 88 Not presented Not presented Net income $ 3,959 (1) The weighted-average number of shares of as-converted class B common stock used in the income allocation was 394 million and 398 million for the three months ended December 31, 2022 and 2021, respectively. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 39 million and 40 million for the three months ended December 31, 2022 and 2021, respectively. The weighted-average number of shares of preferred stock included within participating securities was 13 million and 7 million of as-converted series A preferred stock for the three months ended December 31, 2022 and 2021, respectively, 7 million and 16 million of as-converted series B preferred stock for the three months ended December 31, 2022 and 2021, respectively, and 11 million and 22 million of as-converted series C preferred stock for the three months ended December 31, 2022 and 2021, respectively. (2) Figures in the table may not recalculate exactly due to rounding. Basic and diluted earnings per share are calculated based on unrounded numbers. (3) Weighted-average diluted shares outstanding are calculated on an as-converted basis and include incremental common stock equivalents, as calculated under the treasury stock method. The common stock equivalents are not material for the three months ended December 31, 2022 and 2021.

Share-based Compensation (Table

Share-based Compensation (Tables)	3 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement, Noncash Expense [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	The following table presents the equity awards granted to employees and non-employee directors under the 2007 Equity Incentive Compensation Plan (EIP) during the three months ended December 31, 2022: Granted Weighted-Average Grant Date Fair Value Weighted-Average Exercise Price Non-qualified stock options 785,254 $ 57.29 $ 210.80 Restricted stock units 2,998,777 $ 210.18 Performance-based shares (1) 457,178 $ 216.08 (1) Represents the maximum number of performance-based shares which could be earned.

Legal Matters (Tables)

Legal Matters (Tables)	3 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Loss Contingencies by Contingency	The following table summarizes the activity related to accrued litigation: Three Months Ended 2022 2021 (in millions) Balance at beginning of period $ 1,456 $ 983 Provision for uncovered legal matters — 1 Provision for covered legal matters 347 146 Payments for legal matters (101) (103) Balance at end of period $ 1,702 $ 1,027 The following table summarizes the accrual activity related to U.S. covered litigation: Three Months Ended 2022 2021 (in millions) Balance at beginning of period $ 1,441 $ 881 Provision for interchange multidistrict litigation 341 145 Payments for U.S. covered litigation (101) — Balance at end of period $ 1,681 $ 1,026 The following table summarizes the accrual activity related to VE territory covered litigation: Three Months Ended 2022 2021 (in millions) Balance at beginning of period $ 11 $ 102 Provision for VE territory covered litigation 6 1 Payments for VE territory covered litigation — (102) Balance at end of period $ 17 $ 1

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Details)	Dec. 31, 2022 country
Accounting Policies [Abstract]
Number of countries in which Visa operates (more than)	200

Revenues - Schedule of Net Reve

Revenues - Schedule of Net Revenues (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disaggregation of Revenue [Line Items]
Net revenues	$ 7,936	$ 7,059
U.S.
Disaggregation of Revenue [Line Items]
Net revenues	3,567	3,178
International
Disaggregation of Revenue [Line Items]
Net revenues	4,369	3,881
Service revenues
Disaggregation of Revenue [Line Items]
Net revenues	3,511	3,193
Data processing revenues
Disaggregation of Revenue [Line Items]
Net revenues	3,827	3,614
International transaction revenues
Disaggregation of Revenue [Line Items]
Net revenues	2,797	2,174
Other revenues
Disaggregation of Revenue [Line Items]
Net revenues	587	449
Client incentives
Disaggregation of Revenue [Line Items]
Net revenues	$ (2,786)	$ (2,371)

Cash, Cash Equivalents, Restr_3

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021
Restricted Cash and Cash Equivalents Items [Line Items]
Cash and cash equivalents	$ 13,334	$ 15,689
Cash, cash equivalents, restricted cash and restricted cash equivalents	18,383	20,377	$ 18,323	$ 19,799
U.S. litigation escrow
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and restricted cash equivalents:	1,705	1,449
Customer collateral
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and restricted cash equivalents:	2,591	2,342
Prepaid expenses and other current assets
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash and restricted cash equivalents:	$ 753	$ 897

U.S. and Europe Retrospective_3

U.S. and Europe Retrospective Responsibility Plans - Changes in the U.S. Litigation Escrow Account (Detail) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Escrow Account [Roll Forward]
Balance at beginning of period	$ 1,449	$ 894
Deposits into the litigation escrow account	350	250
Balance at end of period	1,705	1,144
Interest Income | Opt-out Merchants
Escrow Account [Roll Forward]
Payments to opt-out merchants, net of interest earned on escrow funds	$ (94)	$ 0

U.S. and Europe Retrospective_4

U.S. and Europe Retrospective Responsibility Plans - Additional Details (Details) € in Millions	3 Months Ended
	Dec. 31, 2022 EUR (€)
Retrospective Responsibility Plans [Abstract]
VE covered loss, maximum amount of loss to allow adjustment of conversion rate during six-month period	€ 20

U.S. and Europe Retrospective_5

U.S. and Europe Retrospective Responsibility Plans - Changes in Preferred Stock and Right to Recover Covered Losses (Details) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares		Dec. 31, 2021 USD ($) shares		Sep. 30, 2022 USD ($) $ / shares shares	Sep. 30, 2021 shares
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 35,581		$ 37,589
VE territory covered losses incurred	(8)		(7)
Recovery through conversion rate adjustment	1		0
Ending balance	36,924		36,194
As-converted value of Preferred Stock	3,907				$ 3,353
Book Value of Preferred Stock	1,981				2,324
Book Value of Preferred Stock, Total	1,258				1,272
Less: right to recover for covered losses	(28)				(35)
As-converted value of Preferred Stock, Total recovery for covered losses available	3,879				3,318
Book value of Preferred of Stock, Total recovery for covered losses available	$ 1,230				$ 1,237
Share price (in dollars per share) | $ / shares	$ 207.76				$ 177.65
Preferred Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 2,324	[1]	3,080	[2]
Recovery through conversion rate adjustment	(14)		(29)
Ending balance	$ 1,981	[1]	$ 2,995	[2]
Preferred stock, shares outstanding (in shares) | shares	5		5		5	5
Right to Recover for Covered Losses
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ (35)		$ (133)
VE territory covered losses incurred	(8)		(7)
Recovery through conversion rate adjustment	15		29
Ending balance	(28)		(111)
Series B preferred stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Recovery through conversion rate adjustment	7		26
As-converted value of Preferred Stock	1,524				$ 1,309
Book Value of Preferred Stock	$ 453				$ 460
Preferred stock, shares outstanding (in shares) | shares	2				2
Preferred stock, conversion rate	2.9580				2.9710
Series B preferred stock | Preferred Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 460		1,071
VE territory covered losses incurred	0		0
Recovery through conversion rate adjustment	(7)		(26)
Ending balance	453		1,045
Series C preferred stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Recovery through conversion rate adjustment	7		3
As-converted value of Preferred Stock	2,383				$ 2,044
Book Value of Preferred Stock	$ 805				$ 812
Preferred stock, shares outstanding (in shares) | shares	3				3
Preferred stock, conversion rate	3.6340				3.6450
Series C preferred stock | Preferred Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 812		1,523
VE territory covered losses incurred	0		0
Recovery through conversion rate adjustment	(7)		(3)
Ending balance	$ 805		$ 1,520
[1] As of December 31, 2022 and September 30, 2022, the book value of series A preferred stock was $723 million and $1.0 billion, respectively. Refer to Note 4—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock. As of December 31, 2021 and September 30, 2021, the book value of series A preferred stock was $430 million and $486 million, respectively. Refer to Note 4—U.S. and Europe Retrospective Responsibility Plans for the book value of series B and series C preferred stock.

Fair Value Measurements and I_3

Fair Value Measurements and Investments - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Assets
Investment securities	$ 5,754	$ 5,261
Level 1 | Recurring
Assets
Total	14,836	16,999
Liabilities
Total	184	146
Level 1 | Recurring | Derivative instruments
Liabilities
Derivative instruments	0	0
Level 1 | Recurring | Deferred compensation liability
Liabilities
Deferred compensation liability	184	146
Level 1 | Money market funds | Recurring
Assets
Cash equivalents and restricted cash equivalents:	10,078	11,736
Other current and non-current assets:	22	22
Level 1 | U.S. government-sponsored debt securities | Recurring
Assets
Cash equivalents and restricted cash equivalents:	0	0
Investment securities	0	0
Level 1 | U.S. Treasury securities | Recurring
Assets
Cash equivalents and restricted cash equivalents:	180	799
Investment securities	4,210	4,005
Level 1 | Marketable equity securities | Recurring
Assets
Marketable equity securities	346	437
Level 1 | Derivative instruments | Recurring
Assets
Other current and non-current assets:	0	0
Level 2 | Recurring
Assets
Total	1,609	1,588
Liabilities
Total	398	418
Level 2 | Recurring | Derivative instruments
Liabilities
Derivative instruments	398	418
Level 2 | Recurring | Deferred compensation liability
Liabilities
Deferred compensation liability	0	0
Level 2 | Money market funds | Recurring
Assets
Cash equivalents and restricted cash equivalents:	0	0
Other current and non-current assets:	0	0
Level 2 | U.S. government-sponsored debt securities | Recurring
Assets
Cash equivalents and restricted cash equivalents:	400	0
Investment securities	964	457
Level 2 | U.S. Treasury securities | Recurring
Assets
Cash equivalents and restricted cash equivalents:	0	0
Investment securities	0	0
Level 2 | Marketable equity securities | Recurring
Assets
Marketable equity securities	0	0
Level 2 | Derivative instruments | Recurring
Assets
Other current and non-current assets:	$ 245	$ 1,131

Fair Value Measurements and I_4

Fair Value Measurements and Investments - Amortized Cost, Unrealized Gains and Losses, and Fair Value of Available-for-Sale Securities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	$ 5,873	$ 5,395
Gross Unrealized Gains	3	0
Gross Unrealized Losses	(122)	(134)
Fair Value	5,754	5,261
U.S. government-sponsored debt securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	1,364	458
Gross Unrealized Gains	1	0
Gross Unrealized Losses	(1)	(1)
Fair Value	1,364	457
U.S. Treasury securities
Debt Securities, Available-for-Sale [Line Items]
Amortized Cost	4,509	4,937
Gross Unrealized Gains	2	0
Gross Unrealized Losses	(121)	(133)
Fair Value	$ 4,390	$ 4,804

Fair Value Measurements and I_5

Fair Value Measurements and Investments - Continuous Unrealized Losses for Less than 12 Months and More than 12 Months (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Debt Securities, Available-for-Sale [Line Items]
Less Than 12 Months, Fair Value	$ 1,945	$ 3,915
Less Than 12 Months, Gross Unrealized Losses	(39)	(134)
12 Months or Greater, Fair Value	1,966
12 Months or Greater, Gross Unrealized Losses	(83)
U.S. government-sponsored debt securities
Debt Securities, Available-for-Sale [Line Items]
Less Than 12 Months, Fair Value	347	408
Less Than 12 Months, Gross Unrealized Losses	(1)	(1)
12 Months or Greater, Fair Value	0
12 Months or Greater, Gross Unrealized Losses	0
U.S. Treasury securities
Debt Securities, Available-for-Sale [Line Items]
Less Than 12 Months, Fair Value	1,598	3,507
Less Than 12 Months, Gross Unrealized Losses	(38)	$ (133)
12 Months or Greater, Fair Value	1,966
12 Months or Greater, Gross Unrealized Losses	$ (83)

Fair Value Measurements and I_6

Fair Value Measurements and Investments - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Sep. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Unrealized gains (losses) on equity securities held as of the end of the period	$ (102)	$ 172
Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Carrying value of debt	20,500		$ 22,500
Estimated Fair Value | Senior Notes
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Estimated fair value of debt	$ 18,400		$ 19,900

Fair Value Measurements and I_7

Fair Value Measurements and Investments - Schedule of Non-Marketable Equity Securities (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Fair Value Disclosures [Abstract]
Initial cost basis	$ 739
Upward adjustments	827
Downward adjustments (including impairment)	(349)
Carrying amount, end of period	1,217
Upward adjustments	17	$ 224
Downward adjustments (including impairment)	$ 0	$ 0

Fair Value Measurements and I_8

Fair Value Measurements and Investments - Contractual Maturity of Debt Securities (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Due within one year	$ 3,019
Due after 1 year through 5 years	2,735
Total	$ 5,754	$ 5,261

Debt - Summary of Debt (Details

Debt - Summary of Debt (Details) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Debt Instrument [Line Items]
Unamortized discounts and debt issuance costs	$ (171)	$ (173)
Hedge accounting fair value adjustments	(308)	(322)
Total carrying value of debt	20,487	22,450
Current maturities of debt	0	2,250
Long-term debt	20,487	20,200
1.50% Senior Notes due June 2026 | Europe
Debt Instrument [Line Items]
Total debt	$ 1,447	1,325
Effective interest rate (percent)	1.71%
2.00% Senior Notes due June 2029 | Europe
Debt Instrument [Line Items]
Total debt	$ 1,072	982
Effective interest rate (percent)	2.13%
2.375% Senior Notes due June 2034 | Europe
Debt Instrument [Line Items]
Total debt	$ 697	638
Effective interest rate (percent)	2.53%
Senior Notes
Debt Instrument [Line Items]
Total debt	$ 20,966	22,945
Senior Notes | 2.80% Senior Notes due December 2022 | U.S.
Debt Instrument [Line Items]
Total debt	$ 0	2,250
Effective interest rate (percent)	2.89%
Stated interest rate (percent)	2.80%
Senior Notes | 3.15% Senior Notes due December 2025 | U.S.
Debt Instrument [Line Items]
Total debt	$ 4,000	4,000
Effective interest rate (percent)	3.26%
Stated interest rate (percent)	3.15%
Senior Notes | 1.90% Senior Notes due April 2027 | U.S.
Debt Instrument [Line Items]
Total debt	$ 1,500	1,500
Effective interest rate (percent)	2.02%
Stated interest rate (percent)	1.90%
Senior Notes | 0.75% Senior Notes due August 2027 | U.S.
Debt Instrument [Line Items]
Total debt	$ 500	500
Effective interest rate (percent)	0.84%
Stated interest rate (percent)	0.75%
Senior Notes | 2.75% Senior Notes due September 2027 | U.S.
Debt Instrument [Line Items]
Total debt	$ 750	750
Effective interest rate (percent)	2.91%
Stated interest rate (percent)	2.75%
Senior Notes | 2.05% Senior Notes due April 2030 | U.S.
Debt Instrument [Line Items]
Total debt	$ 1,500	1,500
Effective interest rate (percent)	2.13%
Stated interest rate (percent)	2.05%
Senior Notes | 1.10% Senior Notes due February 2031 | U.S.
Debt Instrument [Line Items]
Total debt	$ 1,000	1,000
Effective interest rate (percent)	1.20%
Stated interest rate (percent)	1.10%
Senior Notes | 4.15% Senior Notes due December 2035 | U.S.
Debt Instrument [Line Items]
Total debt	$ 1,500	1,500
Effective interest rate (percent)	4.23%
Stated interest rate (percent)	4.15%
Senior Notes | 2.70% Senior Notes due April 2040 | U.S.
Debt Instrument [Line Items]
Total debt	$ 1,000	1,000
Effective interest rate (percent)	2.80%
Stated interest rate (percent)	2.70%
Senior Notes | 4.30% Senior Notes due December 2045 | U.S.
Debt Instrument [Line Items]
Total debt	$ 3,500	3,500
Effective interest rate (percent)	4.37%
Stated interest rate (percent)	4.30%
Senior Notes | 3.65% Senior Notes due September 2047 | U.S.
Debt Instrument [Line Items]
Total debt	$ 750	750
Effective interest rate (percent)	3.73%
Stated interest rate (percent)	3.65%
Senior Notes | 2.00% Senior Notes due August 2050 | U.S.
Debt Instrument [Line Items]
Total debt	$ 1,750	$ 1,750
Effective interest rate (percent)	2.09%
Stated interest rate (percent)	2%
Senior Notes | 1.50% Senior Notes due June 2026 | Europe
Debt Instrument [Line Items]
Stated interest rate (percent)	1.50%
Senior Notes | 2.00% Senior Notes due June 2029 | Europe
Debt Instrument [Line Items]
Stated interest rate (percent)	2%
Senior Notes | 2.375% Senior Notes due June 2034 | Europe
Debt Instrument [Line Items]
Stated interest rate (percent)	2.375%

Debt - Additional Information (

Debt - Additional Information (Details) $ in Millions, € in Billions	3 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 EUR (€)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Repayments senior notes | $	$ 2,250		$ 0
Net Investment Hedging
Debt Instrument [Line Items]
Notional amount of non-derivative instruments | €		€ 1.8
Senior Notes | Europe
Debt Instrument [Line Items]
Debt instrument, face amount | €		€ 3
December 2022 Notes | Senior Notes
Debt Instrument [Line Items]
Repayments senior notes | $	$ 2,250

Settlement Guarantee Manageme_3

Settlement Guarantee Management - Additional Information (Details) $ in Billions	3 Months Ended
	Dec. 31, 2022 USD ($)
Settlement Guarantee Management [Abstract]
Maximum settlement exposure	$ 123.5
Average daily settlement exposure	$ 76

Settlement Guarantee Manageme_4

Settlement Guarantee Management - Collateral (Detail) - USD ($) $ in Millions	Dec. 31, 2022	Sep. 30, 2022
Settlement Guarantee Management [Abstract]
Restricted cash and restricted cash equivalents	$ 2,591	$ 2,342
Pledged securities at market value	255	213
Letters of credit	1,659	1,582
Guarantees	984	950
Total	$ 5,489	$ 5,087

Stockholders' Equity - Number o

Stockholders' Equity - Number of Shares of Class A Common Shares Outstanding on an As-Converted Basis (Details) shares in Millions	Dec. 31, 2022 shares	Sep. 30, 2022 shares
Schedule of Common Stock as Converted [Line Items]
As-converted Class A Common Stock (in shares)	2,087	2,103
Series A preferred stock
Schedule of Common Stock as Converted [Line Items]
Preferred stock, shares outstanding (in shares)	0	0
Preferred stock, conversion rate into Class A Common Stock	100	100
As-converted Class A Common Stock (in shares)	11	16
Series B preferred stock
Schedule of Common Stock as Converted [Line Items]
Preferred stock, shares outstanding (in shares)	2	2
Preferred stock, conversion rate into Class A Common Stock	2.9580	2.9710
As-converted Class A Common Stock (in shares)	7	7
Series C preferred stock
Schedule of Common Stock as Converted [Line Items]
Preferred stock, shares outstanding (in shares)	3	3
Preferred stock, conversion rate into Class A Common Stock	3.6340	3.6450
As-converted Class A Common Stock (in shares)	11	12
Class A common stock
Schedule of Common Stock as Converted [Line Items]
Common stock, shares outstanding (in shares)	1,626	1,635
As-converted Class A Common Stock (in shares)	1,626	1,635
Class B common stock
Schedule of Common Stock as Converted [Line Items]
Common stock, shares outstanding (in shares)	245	245
Common stock, conversion rate into Class A Common Stock	1.5991	1.6059
As-converted Class A Common Stock (in shares)	393	394
Class C common stock
Schedule of Common Stock as Converted [Line Items]
Common stock, shares outstanding (in shares)	10	10
Common stock, conversion rate into Class A Common Stock	4	4
As-converted Class A Common Stock (in shares)	39	39

Stockholders' Equity - Schedule

Stockholders' Equity - Schedule of As-Converted Class B Common Stock (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Stockholders' Equity Note [Abstract]
Reduction in equivalent number of as-converted shares of class A common stock (in shares)	2	1
Effective price per share (in dollars per share)	$ 209.14	$ 217.61
Deposits under the U.S. retrospective responsibility plan	$ 350	$ 250

Stockholders' Equity - Effect o

Stockholders' Equity - Effect of VE Territory Covered Losses Through Conversion Rate Adjustments (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Conversion of Stock [Line Items]
Recovery through conversion rate adjustment	$ 1	$ 0
Series B preferred stock
Conversion of Stock [Line Items]
Reduction in equivalent number of as-converted shares of class A common stock (in shares)	0	0
Effective price per share (in dollars per share)	$ 211.34	$ 201.68
Recovery through conversion rate adjustment	$ 7	$ 26
Series C preferred stock
Conversion of Stock [Line Items]
Reduction in equivalent number of as-converted shares of class A common stock (in shares)	0	0
Effective price per share (in dollars per share)	$ 211.34	$ 201.68
Recovery through conversion rate adjustment	$ 7	$ 3

Stockholders' Equity - Share Re

Stockholders' Equity - Share Repurchases in the Open Market (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Equity, Class of Treasury Stock [Line Items]
Total cost	$ 3,115	$ 4,104
Class A common stock
Equity, Class of Treasury Stock [Line Items]
Shares repurchased in the open market (in shares)	16	19
Average repurchase price per share (in dollars per share)	$ 197.69	$ 210.32
Total cost	$ 3,115	$ 4,104

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Jan. 24, 2023	Oct. 31, 2022
Equity, Class of Treasury Stock [Line Items]
Share repurchase program		$ 12,000		$ 12,000
Share repurchase programs authorized	$ 14,100
Dividends paid	$ 945	$ 809
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Quarterly cash dividend (in dollars per share)			$ 0.45

Earnings Per Share - Basic and

Earnings Per Share - Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Income Allocation - Basic	$ 4,179	$ 3,959
Class A common stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Income Allocation - Basic	$ 3,243	$ 3,065
Weighted- Average Shares Outstanding - Basic (in shares)	1,629	1,669
Earnings per Share - Basic (in dollars per share)	$ 1.99	$ 1.84
Income Allocation - Diluted	$ 4,179	$ 3,959
Weighted- Average Shares Outstanding - Diluted (in shares)	2,102	2,159
Earnings per Share - Diluted (in dollars per share)	$ 1.99	$ 1.83
Class B common stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Income Allocation - Basic	$ 784	$ 732
Weighted- Average Shares Outstanding - Basic (in shares)	245	245
Earnings per Share - Basic (in dollars per share)	$ 3.19	$ 2.98
Income Allocation - Diluted	$ 784	$ 731
Weighted- Average Shares Outstanding - Diluted (in shares)	245	245
Earnings per Share - Diluted (in dollars per share)	$ 3.19	$ 2.98
Weighted-average as-converted common stock used in income allocation (in shares)	394	398
Class C common stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Income Allocation - Basic	$ 78	$ 74
Weighted- Average Shares Outstanding - Basic (in shares)	10	10
Earnings per Share - Basic (in dollars per share)	$ 7.96	$ 7.35
Income Allocation - Diluted	$ 78	$ 74
Weighted- Average Shares Outstanding - Diluted (in shares)	10	10
Earnings per Share - Diluted (in dollars per share)	$ 7.95	$ 7.34
Weighted-average as-converted common stock used in income allocation (in shares)	39	40
Participating securities
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Income Allocation - Basic	$ 74	$ 88
Income Allocation - Diluted	$ 74	$ 88
Series A preferred stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Weighted-average as-converted common stock used in income allocation (in shares)	13	7
Series B preferred stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Weighted-average as-converted common stock used in income allocation (in shares)	7	16
Series C preferred stock
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]
Weighted-average as-converted common stock used in income allocation (in shares)	11	22

Share-based Compensation - Awar

Share-based Compensation - Awards Granted to Company Employees and Non-employee Directors Under the 2007 Equity Incentive Compensation Plan (Details)	3 Months Ended
	Dec. 31, 2022 $ / shares shares
Non-qualified stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	785,254
Weighted-Average Grant Date Fair Value (in dollars per share)	$ 57.29
Weighted-Average Exercise Price (in dollars per share)	$ 210.80
Restricted stock units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	2,998,777
Weighted-Average Grant Date Fair Value (in dollars per share)	$ 210.18
Performance-based shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	457,178
Weighted-Average Grant Date Fair Value (in dollars per share)	$ 216.08

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
2007 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation cost	$ 170	$ 121

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation, percent (in percent)	16%	19%
Recognized tax benefit	$ 142
Decrease in unrecognized tax benefits, gross	108
Decrease in unrecognized tax benefits, net	$ 149

Legal Matters - Schedule of Acc

Legal Matters - Schedule of Accrued Litigation for Both Covered and Non-Covered Litigation (Detail) - USD ($) $ in Millions	3 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Loss Contingency Accrual [Roll Forward]
Balance at beginning of period	$ 1,456	$ 983
Balance at end of period	1,702	1,027
Uncovered Litigation
Loss Contingency Accrual [Roll Forward]
Provision for legal matters	0	1
Covered Litigation
Loss Contingency Accrual [Roll Forward]
Provision for legal matters	347	146
Payments for legal matters	(101)	(103)
U.S. Covered Litigation
Loss Contingency Accrual [Roll Forward]
Balance at beginning of period	1,441	881
Provision for legal matters	341	145
Payments for legal matters	(101)	0
Balance at end of period	1,681	1,026
VE Territory Covered Litigation
Loss Contingency Accrual [Roll Forward]
Balance at beginning of period	11	102
Provision for legal matters	6	1
Payments for legal matters	0	(102)
Balance at end of period	$ 17	$ 1

Legal Matters - Additional Info

Legal Matters - Additional Information (Details) $ in Millions	3 Months Ended		115 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Jan. 27, 2023 merchant
Loss Contingencies [Line Items]
Deposits into the litigation escrow account | $	$ 350	$ 250
U.S. Covered Litigation
Loss Contingencies [Line Items]
Provision for legal matters | $	341	$ 145
Deposits into the litigation escrow account | $	$ 350
Interchange Multidistrict Litigation
Loss Contingencies [Line Items]
Settlement percentage	62%
Europe Merchant Litigation | Subsequent Event
Loss Contingencies [Line Items]
Number of plaintiffs			900
Number of claims settled			150
Number of claims pending			700
Europe Merchant Litigation | Threatened Litigation | Subsequent Event
Loss Contingencies [Line Items]
Number of plaintiffs			30