Stock Analysis on Net
Stock Analysis on Net

Visa Inc. (NYSE:V)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 27, 2023.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Visa Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Sep 30, 2022 Sep 30, 2021 Sep 30, 2020 Sep 30, 2019 Sep 30, 2018 Sep 30, 2017
Accounts payable
Settlement payable
Customer collateral
Accrued compensation and benefits
Client incentives
Accrued liabilities
Deferred purchase consideration
Current maturities of debt
Accrued litigation
Current liabilities
Long-term debt, excluding current maturities
Deferred tax liabilities
Deferred purchase consideration
Other liabilities
Non-current liabilities
Total liabilities
Series A, Series B and Series C convertible participating preferred stock (preferred stock), $0.0001 par value
Class A, Class B and Class C common stock and additional paid-in capital, $0.0001 par value
Right to recover for covered losses
Accumulated income
Investment securities
Defined benefit pension and other postretirement plans
Derivative instruments
Foreign currency translation adjustments
Accumulated other comprehensive income (loss), net
Equity
Total liabilities and equity

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

Accounts payable
The proportion of accounts payable to total liabilities and equity remained relatively stable from 2017 to 2019, fluctuating slightly around 0.21% to 0.26%. However, beginning in 2020, there was a noticeable upward trend, culminating in a peak of 0.4% by 2022, indicating increased short-term obligations to suppliers or creditors.
Settlement payable
This category experienced volatility, increasing significantly from 2.95% in 2017 to 5.5% in 2019, followed by a sharp decline in 2020 to 2.15%. The ratio increased again in subsequent years to reach 3.84% in 2022. This pattern may reflect changes in obligations related to transaction settlements or clearing activities.
Customer collateral
The percentage of customer collateral to total liabilities and equity showed a steady increase over the observed period, from 1.63% in 2017 to 2.74% in 2022. This gradual growth suggests an increase in collateral held, possibly reflecting growth in customer activity or risk management practices.
Accrued compensation and benefits
This ratio increased gradually, starting at 1.11% in 2017 and rising to 1.59% in 2022, indicating an increasing obligation related to employee compensation and benefits, which may correspond with workforce growth or enhanced benefit provisions.
Client incentives
There was a clear upward trend in client incentives, nearly doubling from 3.07% in 2017 to 7.13% in 2022. This suggests a strategic focus on customer rewards or promotional initiatives aimed at strengthening client engagement.
Accrued liabilities
This item rose considerably over the period, from 1.66% in 2017 to 4.36% in 2022, indicating an increase in accrued expenses or obligations yet to be paid, which may warrant closer management attention.
Deferred purchase consideration
Data is sparse for this item, recorded only in 2018 at 1.88%, with a previous value in 2017 of 1.92% and no subsequent data, indicating either a one-off agreement or discontinued reporting of this liability type.
Current maturities of debt
The figures varied over the years, starting at 2.57% in 2017, with missing values in 2018 and 2019, rising to 3.71% in 2020, dipping to 1.21% in 2021, and again increasing to 2.63% in 2022. This fluctuation may reflect changing debt repayment schedules.
Accrued litigation
This liability displayed variability but remained within a narrow range, starting at 1.44% in 2017, peaking at 2.07% in 2018, and fluctuating to 1.7% in 2022, suggesting persistent but manageable legal contingencies.
Current liabilities
A gradual increase is evident, from 14.7% in 2017 to 24.39% in 2022, reflecting a growing share of short-term obligations within the company's capital structure.
Long-term debt, excluding current maturities
This component remained relatively stable, hovering around the mid-20% range, with a slight dip to 23.05% in 2019 and a peak at 26.04% in 2020, then settling back near 23.63% in 2022, indicating consistent long-term financing levels.
Deferred tax liabilities
There was a general decline in deferred tax liabilities from 8.8% in 2017 to 6.24% in 2022, although intermediate fluctuations occurred, which may reflect changing tax positions or asset valuations.
Other liabilities
Other liabilities more than doubled from 1.94% in 2017 to a peak of 4.81% in 2020, then slightly decreased to 4.13% in 2022, indicating increasing miscellaneous obligations or provisions.
Non-current liabilities
The composition of non-current liabilities decreased modestly from 37.11% in 2017 to 34% in 2022, signifying a slight reduction in long-term obligations relative to total capital.
Total liabilities
Total liabilities as a percentage of total liabilities and equity displayed an increasing trend from 51.81% in 2017 to 58.39% in 2022, denoting a growing reliance on liabilities in the company's capital structure.
Preferred stock
The proportion of preferred stock steadily declined over the analyzed years, dropping from 8.13% in 2017 to 2.72% in 2022, reflecting possible buybacks, redemptions, or reduced issuance.
Common stock and additional paid-in capital
The proportion of common equity showed a slight downward trend from 24.86% in 2017 to 22.86% in 2022, after a low of 20.66% in 2020, indicating moderate fluctuations in equity financing.
Right to recover for covered losses
This item remained close to zero with minor negative values from 2017 to 2022, suggesting limited impact on total liabilities and equity.
Accumulated income
Accumulated income increased consistently from 13.99% in 2017 to 18.85% in 2022, demonstrating sustained retained earnings growth.
Investment securities
The item showed minimal and inconsistent impact, hovering near zero and occasionally dipping into negative territory, indicating a negligible or fluctuating proportion within the capital structure.
Defined benefit pension and other postretirement plans
These obligations remained negative but small as a percentage of total capital, suggesting minor liabilities netted against equity or other adjustments.
Derivative instruments
The values fluctuated between positive and negative small percentages across the years, indicating variable but limited net exposure related to derivatives.
Foreign currency translation adjustments
This item showed variability, positive in most years except for a notable negative value in 2022 at -2.94%, indicating foreign exchange effects impacting comprehensive income.
Accumulated other comprehensive income (loss), net
Similarly, other comprehensive income fluctuated, peaking positively in 2017 and turning negative sharply in 2022 at -2.77%, likely driven by foreign currency translation losses or other comprehensive expense items.
Equity
The overall equity share of total capital decreased from 48.19% in 2017 to 41.61% in 2022, consistent with the increase in total liabilities, indicating a shift in the capital structure towards greater leverage or external financing.
Total liabilities and equity
By definition, this sum is 100% for all years, serving as the baseline for relative ratio analysis.