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Share-based Compensation (Tables)
12 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Assumptions Used to Estimate the Fair Value of Each Stock Option on the Date of Grant Using a Black-Scholes Option Pricing Model
The fair value of each option was estimated on the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
For the Years Ended
September 30,
202520242023
Expected term (in years)(1)
4.254.234.17
Risk-free rate of return(2)
4.2 %4.4 %4.0 %
Expected volatility(3)
22.0 %24.1 %28.6 %
Expected dividend yield(4)
0.8 %0.8 %0.8 %
Fair value per option granted$73.55$62.55$57.31
(1)Based on Visa’s historical exercise experience.
(2)Based on the zero-coupon U.S. Treasury constant maturity yield curve, continuously compounded over the expected term of the awards.
(3)Based on the Company’s implied and historical volatilities.
(4)Based on the Company’s annual dividend rate on the date of grant.
Schedule of Options Activity Disclosure
The following table summarizes the Company’s option activity:
Options
Weighted-
Average
Exercise Price
Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value(1)
(in millions)
Outstanding as of September 30, 20245,364,732 $183.02 
Granted643,847 $311.85 
Forfeited(67,105)$262.89 
Exercised(1,317,262)$155.33 
Outstanding as of September 30, 20254,624,212 $207.69 5.92$618 
Options exercisable as of September 30, 20253,320,491 $182.37 4.94$528 
Options exercisable and expected to vest as of September 30, 2025(2)
4,590,205 $207.06 5.90$617 
(1)Calculated using the closing stock price on the last trading day of fiscal 2025 of $341.38, less the option exercise price, multiplied by the number of instruments.
(2)Applied a forfeiture rate to unvested options outstanding as of September 30, 2025 to estimate the options expected to vest in the future.
Schedule of Restricted Stock Unit Activity Disclosure
The following table summarizes the Company’s RSU activity:
 UnitsWeighted-
Average
Grant Date
Fair Value
Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value(1)
(in millions)
Outstanding as of September 30, 20246,359,661 $230.99 
Granted
2,788,413 $315.21 
Vested
(3,090,541)$222.30 
Forfeited
(512,953)$258.97 
Outstanding as of September 30, 20255,544,580 $275.60 0.93$1,893 
(1)Calculated by multiplying the closing stock price on the last trading day of fiscal 2025 of $341.38 by the number of instruments.
Schedule of Assumptions Used to Estimate Fair Value Using Monte Carlo Model
The fair value of each performance share incorporating the market condition was estimated on the date of grant using a Monte Carlo simulation model with the following weighted-average assumptions:
For the Years Ended
September 30,
202520242023
Expected term (in years)1.701.932.15
Risk-free rate of return(1)
4.2 %4.8 %4.4 %
Expected volatility(2)
19.0 %21.7 %28.9 %
Expected dividend yield(3)
0.8 %0.8 %0.8 %
Fair value per performance share granted
$345.65$281.85$221.32
(1)Based on the zero-coupon U.S. treasury constant maturity yield curve, continuously compounded over the expected term of the awards.
(2)Based on the Company’s implied and historical volatilities.
(3)Based on the Company’s annual dividend rate on the date of grant.
Schedule of Performance-based Shares Activity Disclosure
The following table summarizes the maximum number of performance shares which could be earned and related activity:
Shares
Weighted-
Average
Grant Date
Fair Value
Weighted-
Average
Remaining
Contractual
Term
(in years)
Aggregate
Intrinsic
Value(1)
(in millions)
Outstanding as of September 30, 20241,084,232 $251.41 
Granted(2)
476,480 $345.65 
Vested and earned(429,430)$234.54 
Unearned(37,340)$312.72 
Forfeited(36,986)$296.57 
Outstanding as of September 30, 20251,056,956 $297.00 0.64$361 
(1)Calculated by multiplying the closing stock price on the last trading day of fiscal 2025 of $341.38 by the number of instruments.
(2)Represents the maximum number of performance shares which could be earned.