---
title: "Visa Plans Successive Exchange Offer Amid Litigation Developments"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275913653.md"
description: "Visa Inc. announced on February 13, 2026, that it will proceed with a successive exchange offer for its Class B common stock, contingent on litigation-related conditions. This follows a previous exchange offer and is linked to declining interchange reimbursement fees, which fell from $49.6 billion in October 2023 to $39.4 billion in October 2025. The exchange will allow holders of Class B-1 and B-2 shares to convert into Class B-3 and Class C stock, potentially simplifying Visa's capital structure. Analysts rate Visa stock as a Buy with a price target of $372.00, despite some technical challenges."
datetime: "2026-02-13T14:14:37.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275913653.md)
  - [en](https://longbridge.com/en/news/275913653.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275913653.md)
---

# Visa Plans Successive Exchange Offer Amid Litigation Developments

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Visa ( (V) ) just unveiled an announcement.

On February 13, 2026, Visa Inc. said its board has authorized the company to proceed with a successive exchange offer for its Class B common stock once specified litigation-related conditions are satisfied. The move follows the initial exchange offer for Class B-1 stock launched more than a year earlier and is tied to the level of estimated interchange reimbursement fees at issue in U.S. covered litigation.

Visa reported that those estimated fees declined from about $49.6 billion as of October 1, 2023 to about $39.4 billion as of October 1, 2025, and expects further dismissals in key cases, including the 7‑Eleven action, to reduce them below 50% of the 2023 level. Once the conditions are met and a registration statement is cleared by regulators, Visa plans to offer holders of Class B-1 and B-2 shares the option to exchange into a mix of restricted Class B-3 stock and freely transferable Class C stock, potentially simplifying its capital structure and affecting ownership dynamics among different shareholder classes.

The most recent analyst rating on (V) stock is a Buy with a $372.00 price target. To see the full list of analyst forecasts on Visa stock, see the V Stock Forecast page.

**Spark’s Take on V Stock**

According to Spark, TipRanks’ AI Analyst, V is a Outperform.

Strong financial performance and a constructive earnings outlook (maintained low-double-digit growth with improving tax guidance) support the score, but it is tempered by weak technical momentum (below key moving averages, negative MACD) and a relatively high P/E with a low dividend yield.

To see Spark’s full report on V stock, click here.

**More about Visa**

Visa Inc. is a global payments technology company that operates one of the world’s largest electronic payments networks. It provides card-based and digital payment services that facilitate transactions among consumers, merchants, financial institutions, and other participants, with a primary focus on credit, debit, and prepaid products worldwide.

**Average Trading Volume:** 7,392,949

**Technical Sentiment Signal:** Buy

**Current Market Cap:** $627.5B

For an in-depth examination of V stock, go to TipRanks’ Overview page.

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