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CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY - USD ($)
shares in Millions, $ in Millions
Total
Class A common stock
Class B common stock
[1],[2]
Class C common stock
[1],[2]
Preferred Stock
Preferred Stock
Series B Preferred Stock
Preferred Stock
Series C Preferred Stock
Common Stock
Class A common stock
Common Stock
Class B common stock
Common Stock
Class C common stock
Treasury Stock
Right to Recover for Covered Losses
Additional Paid-In Capital
Accumulated Income
Accumulated Other Comprehensive Income (Loss)
Beginning Balance (in shares) at Sep. 30, 2013               2,031 245 27          
Beginning Balance at Sep. 30, 2013 $ 26,870                       $ 18,875 $ 7,974 $ 21
Net income 5,438 [1] $ 4,307 [1] $ 892 $ 222                   5,438  
Other comprehensive loss, net of tax (38)                           (38)
Comprehensive income 5,400                            
Conversion of class C common stock upon sale into public market (in shares)               19   (5)          
Issuance and vesting of restricted stock and performance-based shares (in shares)               4              
Share-based compensation, net of forfeitures (Note 16) (in shares) [3]               (1)              
Share-based compensation, net of forfeitures (Note 16) 172                       172    
Restricted stock and performance-based shares settled in cash for taxes (in shares)               (1)              
Restricted stock and performance-based shares settled in cash for taxes 86                       86    
Excess tax benefit for share-based compensation 90                       90    
Cash proceeds from issuance of common stock under employee equity plans (in shares)               5              
Cash proceeds from issuance of common stock under employee equity plans 91                       91    
Cash dividends declared and paid, at a quarterly amount of $0.14 in FY 2016, $0.12 in FY 2015, and $0.10 in FY 2014 per as-converted share (1,006)                         (1,006)  
Repurchase of class A common stock (in shares)               (79)              
Repurchase of class A common stock (4,118)                       (843) (3,275)  
Ending Balance (in shares) at Sep. 30, 2014               1,978 245 22          
Ending Balance at Sep. 30, 2014 27,413                       18,299 9,131 (17)
Net income 6,328 [1] $ 5,044 [1] 1,045 224                   6,328  
Other comprehensive loss, net of tax (57)                           (57)
Comprehensive income 6,271                            
Conversion of class C common stock upon sale into public market (in shares)               11   (2)          
Issuance and vesting of restricted stock and performance-based shares (in shares)               4              
Share-based compensation, net of forfeitures (Note 16) (in shares) [3]               (1)              
Share-based compensation, net of forfeitures (Note 16) 187                       187    
Restricted stock and performance-based shares settled in cash for taxes (in shares)               (1)              
Restricted stock and performance-based shares settled in cash for taxes 108                       108    
Excess tax benefit for share-based compensation 84                       84    
Cash proceeds from issuance of common stock under employee equity plans (in shares)               3              
Cash proceeds from issuance of common stock under employee equity plans 82                       82    
Cash dividends declared and paid, at a quarterly amount of $0.14 in FY 2016, $0.12 in FY 2015, and $0.10 in FY 2014 per as-converted share (1,177)                         (1,177)  
Repurchase of class A common stock (in shares)   (44) [4]           (44)              
Repurchase of class A common stock (2,910) $ (2,910)                     (471) (2,439)  
Ending Balance (in shares) at Sep. 30, 2015           0 [5] 0 [5] 1,950 245 20          
Ending Balance at Sep. 30, 2015 29,842       $ 0           $ 0 $ 0 18,073 11,843 (74)
Net income 5,991 [1] $ 4,738 [1] $ 1,006 $ 185                   5,991  
Other comprehensive loss, net of tax (384)                           (384)
Comprehensive income 5,607                            
Issuance of preferred stock (Note 2 and Note 14) (in shares) [5]           2 3                
Issuance of preferred stock (Note 2 and Note 14) 5,717       5,717                    
VE territory covered losses incurred (Note 3) (34)                     (34)      
Class C common stock held by Visa Europe, a wholly-owned subsidiary of Visa Inc. (Note 2 and Note 14) (in shares)                   (1)          
Class C common stock held by Visa Europe, a wholly-owned subsidiary of Visa Inc. (Note 2 and Note 14) 0                   (170)        
Conversion of class C common stock upon sale into public market (in shares)               8   (2)          
Issuance and vesting of restricted stock and performance-based shares (in shares)               2              
Share-based compensation, net of forfeitures (Note 16) (in shares) [3]               0              
Share-based compensation, net of forfeitures (Note 16) 221                       221    
Restricted stock and performance-based shares settled in cash for taxes (in shares)               (1)              
Restricted stock and performance-based shares settled in cash for taxes 92                       92    
Excess tax benefit for share-based compensation 63                       63    
Cash proceeds from issuance of common stock under employee equity plans (in shares)               3              
Cash proceeds from issuance of common stock under employee equity plans 95                       95    
Cash dividends declared and paid, at a quarterly amount of $0.14 in FY 2016, $0.12 in FY 2015, and $0.10 in FY 2014 per as-converted share (1,350)                         (1,350)  
Repurchase of class A common stock (in shares)   (91) [4],[6]           (91)              
Repurchase of class A common stock (6,987) $ (6,987) [6]                     (965) (6,022)  
Ending Balance (in shares) at Sep. 30, 2016           2 [5] 3 [5] 1,871 245 17          
Ending Balance at Sep. 30, 2016 $ 32,912       $ 5,717           $ (170) $ (34) $ 17,395 $ 10,462 $ (458)
[1] Net income attributable to Visa Inc. is allocated based on proportional ownership on an as-converted basis. The weighted-average number of shares of as-converted class B common stock used in the income allocation were 405 million for fiscal 2016 and 2015 and 413 million for fiscal 2014. The weighted-average number of shares of as-converted class C common stock used in the income allocation was 75 million, 87 million and 103 million for fiscal 2016, 2015 and 2014, respectively.
[2] .
[3] Decrease in Class A common stock related to forfeitures of restricted stock awards.
[4] All shares repurchased in the open market have been retired and constitute authorized but unissued shares.
[5] Series B and C preferred stock are alternatively referred to as U.K.&I and Europe preferred stock, respectively.
[6] (in millions, except per share data)2016 (1) 2015Shares repurchased in the open market(2)91 44Average repurchase price per share(3)$77.05 $65.98Total cost$6,987 $2,910