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Share-based Compensation (Tables)
 12 Months Ended
Sep. 30, 2017
Share-based Compensation [Abstract]  
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used
During fiscal 2017, 2016 and 2015, the fair value of each stock option was estimated on the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
 
 
2017
 
2016
 
2015
Expected term (in years)(1)
 
4.23

 
4.35

 
4.55

Risk-free rate of return(2)
 
1.6
%
 
1.5
%
 
1.5
%
Expected volatility(3)
 
20.2
%
 
21.7
%
 
22.0
%
Expected dividend yield(4)
 
0.8
%
 
0.7
%
 
0.8
%
Fair value per option granted
 
$
13.90

 
$
15.01

 
$
12.04


(1) 
This assumption is based on the Company's historical option exercises and those of a set of peer companies that management believes is generally comparable to Visa. The Company's data is weighted based on the number of years between the measurement date and Visa's initial public offering as a percentage of the options' contractual term. The relative weighting placed on Visa's data and peer data in fiscal 2017 was approximately 87% and 13%, respectively, and 77% and 23% in fiscal 2016, respectively and 67% and 33% in fiscal 2015, respectively.
(2) 
Based upon the zero coupon U.S. treasury bond rate over the expected term of the awards.
(3) 
Based on the Company’s implied and historical volatility. The expected volatility was 20% in fiscal 2017 and ranged from 20% to 23% in fiscal 2016 and 21% to 23% in fiscal 2015.
(4) 
Based on the Company’s annual dividend rate on the date of grant.
Schedule of Share-based Compensation, Options Activity
The following table summarizes the Company’s option activity for fiscal 2017:
 
Options
 
Weighted-
Average
Exercise Price
Per Share
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value (1)
(in millions)
Outstanding at October 1, 2016
8,876,484

 
$
38.42

 
 
 
 
Granted
1,671,344

 
$
80.82

 
 
 
 
Forfeited
(386,136
)
 
$
75.01

 
 
 
 
Exercised
(3,045,816
)
 
$
29.62

 
 
 
 
Outstanding at September 30, 2017
7,115,876

 
$
50.17

 
5.4
 
$392
Options exercisable at September 30, 2017
4,463,008

 
$
33.39

 
3.6
 
$321
Options exercisable and expected to vest at September 30, 2017(2)
6,773,571

 
$
48.73

 
5.3
 
$383
(1) 
Calculated using the closing stock price on the last trading day of fiscal 2017 of $105.24, less the option exercise price, multiplied by the number of instruments.
(2) 
Applies a forfeiture rate to unvested options outstanding at September 30, 2017 to estimate the options expected to vest in the future.
Restricted Share Activity Disclosure
The following table summarizes the Company's RSA and RSU activity for fiscal 2017:
 
Restricted Stock
 
Weighted-
Average
Grant Date
Fair Value
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value (1)
(in millions)
 
Awards
 
Units
 
RSA
 
RSU
 
RSA
 
RSU
 
RSA
 
RSU
Outstanding at October 1, 2016
1,766,582

 
3,146,954

 
$
59.26

 
$
75.48

 
 
 
 
 
 
 
 
Granted
—

 
3,268,327

 
$
—

 
$
81.67

 
 
 
 
 
 
 
 
Vested
(1,210,176
)
 
(1,299,187
)
 
$
57.37

 
$
72.20

 
 
 
 
 
 
 
 
Forfeited
(90,399
)
 
(442,393
)
 
$
61.90

 
$
79.34

 
 
 
 
 
 
 
 
Outstanding at September 30, 2017
466,007

 
4,673,701

 
$
63.37

 
$
80.37

 
0.2
 
1.6
 
$49
 
$492
(1) 
Calculated by multiplying the closing stock price on the last trading day of fiscal 2017 of $105.24 by the number of instruments.
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award
The following table summarizes the maximum number of performance-based shares which could be earned and related activity for fiscal 2017:
 
Shares
 
Weighted-
Average
Grant Date
Fair Value
 
Weighted-
Average
Remaining
Contractual
Term
(in years)
 
Aggregate
Intrinsic
Value (1)
(in millions)
Outstanding at October 1, 2016
1,042,012

 
$
78.24

 
 
 
 
Granted(2)
634,651

 
$
86.37

 
 
 
 
Vested and earned
(345,797
)
 
$
72.50

 
 
 
 
Unearned
(97,531
)
 
$
72.50

 
 
 
 
Forfeited
(295,660
)
 
$
85.13

 
 
 
 
Outstanding at September 30, 2017
937,675

 
$
84.20

 
1.0
 
$98
(1) 
Calculated by multiplying the closing stock price on the last trading day of fiscal 2017 of $105.24 by the number of instruments.
(2) 
Represents the maximum number of performance-based shares which could be earned.