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VISA INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and VISA INC.’s Form 8-K, filed January 29, 2025 (Item 5.07 on EDGAR). Page generated October 13, 2026.

  • 17Ballot items
  • 1,873Asset managers
  • 34,044Fund votes
  • January 28, 2025Meeting date

Results at a glance

Meeting of January 28, 2025: 17 items on VISA INC.’s Form 8-K, filed January 29, 2025: 11 elected · 2 approved · 4 not approved.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided · This season’s results screens

Proxy season: 2023-2024 2024-2025 2025-2026

Explore VISA INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by VISA INC.

These tallies are VISA INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed January 29, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

VISA INC. — official shareholder meeting results, meeting held January 28, 2025
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Lloyd A. Carney 1,314,268,06523,276,9181,351,198 --137,483,977 98%Elected—
Elect Director: Kermit R. Crawford 1,323,271,07114,259,0701,366,040 --137,483,977 99%Elected—
Elect Director: Francisco Javier Fernández-Carbajal 1,300,811,28034,935,5823,149,319 --137,483,977 97%Elected—
Elect Director: Ramon Laguarta 1,320,895,92416,578,9871,421,270 --137,483,977 99%Elected—
Elect Director: Teri L. List 1,327,715,7819,867,2201,313,180 --137,483,977 99.2%Elected—
Elect Director: John F. Lundgren 1,302,818,18033,740,0412,337,960 --137,483,977 97%Elected—
Elect Director: Ryan McInerney 1,334,286,0193,257,2691,352,893 --137,483,977 99.7%Elected—
Elect Director: Denise M. Morrison 1,312,714,50524,886,8081,294,868 --137,483,977 98%Elected—
Elect Director: Pamela Murphy 1,324,052,02713,547,6131,296,541 --137,483,977 99%Elected—
Elect Director: Linda J. Rendle 1,321,368,07616,169,9591,358,146 --137,483,977 99%Elected—
Elect Director: Maynard G. Webb, Jr. 1,313,233,09424,292,5631,370,524 --137,483,977 98%Elected—
2. Approval, on an advisory basis, of compensation paid to the Company's named executive officers 1,230,798,215101,983,3546,114,612 --137,483,977 92%Approved—
3. Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the 2025 fiscal year 1,443,751,45731,222,9321,405,769 ---- 98%Approved—
4. Shareholder proposal on gender-based compensation gaps and associated risks 10,657,9111,318,419,7419,818,529 --137,483,977 0.9%Not approved—
5. Shareholder proposal requesting a report on policy on merchant category codes 10,038,8241,316,074,52112,782,836 --137,483,977 0.8%Not approved—
6. Shareholder proposal requesting adoption of a new director election resignation governance guideline 226,912,0351,107,467,6194,516,527 --137,483,977 17%Not approved—
7. Shareholder proposal on transparency in lobbying 182,684,1781,142,568,00413,643,999 --137,483,977 14%Not approved—

Source: VISA INC., Form 8-K, filed with the SEC on January 29, 2025 — read the filing on EDGAR.

How asset managers voted at the VISA INC. 2024-2025 meeting

Each item below shows how the 1,873 asset managers that disclosed a VISA INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Lloyd A. Carney

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 7 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 1,314,268,065AGAINST: 23,276,918
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Lloyd A. Carney

VISA INC.’s own tally for this item (“Elect Director: Lloyd A. Carney”): 1,314,268,065 for, 23,276,918 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 525,897,229 for, 1,191,766 against, 189,507 abstained, 76,199 unknown.

FOR
FOR: 525,897,229AGAINST: 1,191,766ABSTAIN: 189,507UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Lloyd A. Carney” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,063,78223,318 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,366,8321,452 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,439,7328,140 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

2. Elect Director: Kermit R. Crawford

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 1,323,271,071AGAINST: 14,259,070
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Kermit R. Crawford

VISA INC.’s own tally for this item (“Elect Director: Kermit R. Crawford”): 1,323,271,071 for, 14,259,070 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 525,898,115 for, 1,187,361 against, 193,025 abstained, 76,199 unknown.

FOR
FOR: 525,898,115AGAINST: 1,187,361ABSTAIN: 193,025UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Kermit R. Crawford” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,063,78223,318 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,366,8321,452 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,439,7328,140 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

3. Elect Director: Ramon Laguarta

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 1,320,895,924AGAINST: 16,578,987
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Ramon Laguarta

VISA INC.’s own tally for this item (“Elect Director: Ramon Laguarta”): 1,320,895,924 for, 16,578,987 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 525,853,237 for, 1,199,078 against, 226,186 abstained, 76,199 unknown.

FOR
FOR: 525,853,237AGAINST: 1,199,078ABSTAIN: 226,186UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Ramon Laguarta” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,063,78223,318 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,366,8321,452 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,439,7328,140 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

4. Elect Director: Teri L. List

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 1,327,715,781AGAINST: 9,867,220
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Teri L. List

VISA INC.’s own tally for this item (“Elect Director: Teri L. List”): 1,327,715,781 for, 9,867,220 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 526,923,678 for, 165,320 against, 189,503 abstained, 76,199 unknown.

FOR
FOR: 526,923,678AGAINST: 165,320ABSTAIN: 189,503UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Teri L. List” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,079,0948,006 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,367,694590 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,447,8720 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

5. Elect Director: John F. Lundgren

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 1,302,818,180AGAINST: 33,740,041
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: John F. Lundgren

VISA INC.’s own tally for this item (“Elect Director: John F. Lundgren”): 1,302,818,180 for, 33,740,041 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 524,207,705 for, 2,881,206 against, 189,590 abstained, 76,199 unknown.

FOR
FOR: 524,207,705AGAINST: 2,881,206ABSTAIN: 189,590UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: John F. Lundgren” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,063,78223,318 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,366,8321,452 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,439,7328,140 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

6. Elect Director: Ryan McInerney

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

99.7% Majority: yes · of votes cast

FOR 99.7%
FOR: 1,334,286,019AGAINST: 3,257,269
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Ryan McInerney

VISA INC.’s own tally for this item (“Elect Director: Ryan McInerney”): 1,334,286,019 for, 3,257,269 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 99.7% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 527,036,294 for, 49,183 against, 193,024 abstained, 76,199 unknown.

FOR
FOR: 527,036,294AGAINST: 49,183ABSTAIN: 193,024UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Ryan McInerney” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,079,0948,006 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,367,694590 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,447,8720 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

7. Elect Director: Denise M. Morrison

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 9 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 1,312,714,505AGAINST: 24,886,808
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Denise M. Morrison

VISA INC.’s own tally for this item (“Elect Director: Denise M. Morrison”): 1,312,714,505 for, 24,886,808 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 526,922,043 for, 166,957 against, 189,501 abstained, 76,199 unknown.

FOR
FOR: 526,922,043AGAINST: 166,957ABSTAIN: 189,501UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Denise M. Morrison” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,079,0948,006 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,367,694590 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,447,8720 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

8. Elect Director: Pamela Murphy

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 8 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 1,324,052,027AGAINST: 13,547,613
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Pamela Murphy

VISA INC.’s own tally for this item (“Elect Director: Pamela Murphy”): 1,324,052,027 for, 13,547,613 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 525,898,186 for, 1,187,297 against, 193,018 abstained, 76,199 unknown.

FOR
FOR: 525,898,186AGAINST: 1,187,297ABSTAIN: 193,018UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Pamela Murphy” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,063,78223,318 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,366,8321,452 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,439,7328,140 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

9. Elect Director: Linda J. Rendle

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 1,321,368,076AGAINST: 16,169,959
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Linda J. Rendle

VISA INC.’s own tally for this item (“Elect Director: Linda J. Rendle”): 1,321,368,076 for, 16,169,959 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 99% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 525,853,284 for, 1,199,037 against, 226,180 abstained, 76,199 unknown.

FOR
FOR: 525,853,284AGAINST: 1,199,037ABSTAIN: 226,180UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Linda J. Rendle” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,063,78223,318 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,366,8321,452 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,439,7328,140 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

10. Elect Director: Maynard G. Webb, Jr.

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 10 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 1,313,233,094AGAINST: 24,292,563
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Maynard G. Webb, Jr.

VISA INC.’s own tally for this item (“Elect Director: Maynard G. Webb, Jr.”): 1,313,233,094 for, 24,292,563 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 322 asset managers below reported 525,087,015 for, 1,963,298 against, 189,509 abstained, 114,879 unknown.

FOR
FOR: 525,087,015AGAINST: 1,963,298ABSTAIN: 189,509UNKNOWN: 114,879
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Maynard G. Webb, Jr.” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,079,0948,006 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,367,285999 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust3,848,791251,214 00Mixed
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,447,8720 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

11. 6. Shareholder proposal requesting adoption of a new director election resignation governance guideline

Official resultDIRECTOR ELECTIONSReported outcome: Not approved

Combines 8 wordings of this item as funds reported it.

17% Not approved · of votes cast

FOR 17%AGAINST
FOR: 226,912,035AGAINST: 1,107,467,619
Details: description as filed, official tally, votes by 322 asset managers

Description as filed by funds: Shareholder proposal requesting adoption of a new director election resignation governance guideline.

VISA INC.’s own tally for this item (“6. Shareholder proposal requesting adoption of a new director election resignation governance guideline”): 226,912,035 for, 1,107,467,619 against — failed, per its Form 8-K filed January 29, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The proposal was not approved.”
Support: 17% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of VISA INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “S/H Proposal - Corporate Governance” (9 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

The 322 asset managers below reported 80,685,305 for, 445,660,651 against, 194,203 abstained, 2,450 not voted.

FORAGAINST
FOR: 80,685,305AGAINST: 445,660,651ABSTAIN: 194,203NOT VOTED: 2,450
Largest asset managers voting on “Shareholder proposal requesting adoption of a new director election resignation governance guideline.” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard6,729,364152,106,613 00Against
Fidelity37,876,93535,969,134 00Mixed
BlackRock45,07849,042,022 00Against
Capital Group042,735,018 00Against
T. Rowe Price024,157,679 00Against
State Street40917,367,875 00Against
Charles Schwab10,709,1870 00For
TIAA09,961,087 00Against
Columbia Threadneedle06,845,052 00Against
Invesco06,435,387 00Against
Dimensional6,045,8790 00For
MFS05,564,063 00Against
ADVISORS' INNER CIRCLE FUND04,277,073 00Against
AB LARGE CAP GROWTH FUND INC04,225,404 00Against
Bridge Builder Trust1,552,6262,547,379 00Mixed
Jackson National108,8793,974,582 00Against
Legg Mason04,045,807 00Against
PROFESSIONALLY MANAGED PORTFOLIOS03,447,872 00Against
JPMorgan03,320,334 00Against
Victory Capital03,187,695 00Against
JANUS INVESTMENT FUND02,734,953 00Against
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM1,703,162819,364 00Mixed
Loomis Sayles02,485,203 00Against
Principal128,4242,339,221 00Mixed

Showing the 25 largest of 322 asset managers. See all 322 in the interactive database.

12. Elect Director: Francisco Javier Fernández-Carbajal

Official resultDIRECTOR ELECTIONSReported outcome: Elected

Combines 12 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 1,300,811,280AGAINST: 34,935,582
Details: description as filed, official tally, votes by 297 asset managers

Description as filed by funds: To elect the eleven director nominees named in the proxy statement: Francisco Javier Fernandez-Carbajal

VISA INC.’s own tally for this item (“Elect Director: Francisco Javier Fernández-Carbajal”): 1,300,811,280 for, 34,935,582 against, per its Form 8-K filed January 29, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: Elected, in the filing’s own words: “Proposal 1: Election of eleven director nominees: Each of the eleven nominees was elected to the Board of Directors, each to hold office until the next annual meeting of shareholders and until his or her successor has been duly elected or until his or her earlier resignation or removal.”
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 297 asset managers below reported 524,408,539 for, 1,983,092 against, 189,503 abstained, 76,199 unknown.

FOR
FOR: 524,408,539AGAINST: 1,983,092ABSTAIN: 189,503UNKNOWN: 76,199
Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Francisco Javier Fernandez-Carbajal” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,079,0948,006 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,367,285999 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust3,848,791251,214 00Mixed
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,447,8720 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 297 asset managers. See all 297 in the interactive database.

13. 2. Approval, on an advisory basis, of compensation paid to the Company's named executive officers

Official resultFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Approved

Combines 45 wordings of this item as funds reported it.

92% Approved · of votes cast

FOR 92%
FOR: 1,230,798,215AGAINST: 101,983,354
Details: description as filed, official tally, votes by 1,832 asset managers

Description as filed by funds: To approve, on an advisory basis, the compensation paid to our named executive officers.

VISA INC.’s own tally for this item (“2. Approval, on an advisory basis, of compensation paid to the Company's named executive officers”): 1,230,798,215 for, 101,983,354 against — passed, per its Form 8-K filed January 29, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The proposal was approved.”
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of VISA INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Section 14a Executive Compensation” (38 managers, Fund and manager reports combined; may count the same shares twice; no share total shown); “Say on pay” (6 managers, 991,807 for).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 304 asset managers voting on “To approve, on an advisory basis, the compensation paid to our named executive officers.” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,087,1000 00For
Capital Group42,735,0180 00For
T. Rowe Price24,092,87964,800 00For
State Street17,367,875409 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust3,848,791251,214 00Mixed
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,447,8720 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Fund voting reports, all 304 managers: 524,124,609 for, 1,946,520 against, 227,378 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 1,565 asset managers voting on “To approve, on an advisory basis, the compensation paid to our named executive officers.” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
BlackRock51,319,2377,241 00For
Fidelity50,181,8360 00For
Capital Group48,096,2350 00For
T. Rowe Price46,635,231279,125 00For
State Street43,854,873556,178 00For
GEODE CAPITAL MANAGEMENT, LLC38,005,4200 00For
AllianceBernstein20,981,4160 00For
TCI Fund Management Ltd16,797,1870 00For
Legal & General Investment Management Ltd016,411,054 00Against
MASSACHUSETTS FINANCIAL SERVICES CO /MA/14,845,8330 00For
Northern Trust13,441,87832,889 00For
Charles Schwab12,069,2400 00For
Morgan Stanley3,706,5228,334,809 00Mixed
UBS10,423,287605,637 00Mixed
Nuveen10,189,7690 00For
Vanguard9,846,7200 00For
Clearbridge Investments, LLC9,752,49531,977 00For
Wellington9,700,5690 00For
Invesco9,433,1630 00For
Fisher Asset Management, LLC8,736,3870 00For
JPMorgan7,714,1560 00For
Loomis Sayles7,239,828259,499 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC3857,254,401 00Against
JENNISON ASSOCIATES LLC6,731,6960 00For
BROWN ADVISORY INC6,614,9303,203 00For

Institutional-manager reports, all 1,565 managers: 812,221,643 for, 88,600,402 against, 75,190 withheld, 207,210 abstained, 172,770 not voted, 76,199 unknown. Showing the 25 largest; see all in the interactive database.

14. 3. Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the…

Official resultAUDIT-RELATEDReported outcome: Approved

Combines 11 wordings of this item as funds reported it.

98% Approved · of votes cast

FOR 98%
FOR: 1,443,751,457AGAINST: 31,222,932
Details: description as filed, official tally, votes by 329 asset managers

Description as filed by funds: To ratify the appointment of KPMG LLP as our independent registered public accounting firm for fiscal year 2025.

VISA INC.’s own tally for this item (“3. Ratification of the appointment of KPMG LLP as the Company's independent registered public accounting firm for the 2025 fiscal year”): 1,443,751,457 for, 31,222,932 against — passed, per its Form 8-K filed January 29, 2025 (Item 5.07).

Reported outcome: Approved, in the filing’s own words: “The appointment was ratified.”
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 329 asset managers below reported 525,863,128 for, 1,317,646 against, 193,004 abstained, 38,680 unknown.

FOR
FOR: 525,863,128AGAINST: 1,317,646ABSTAIN: 193,004UNKNOWN: 38,680
Largest asset managers voting on “To ratify the appointment of KPMG LLP as our independent registered public accounting firm for fiscal year 202” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard158,835,9770 00For
Fidelity73,846,0690 00For
BlackRock49,087,1000 00For
Capital Group42,735,0180 00For
T. Rowe Price24,157,6790 00For
State Street17,367,875409 00For
Charles Schwab10,709,1870 00For
TIAA9,961,0870 00For
Columbia Threadneedle6,845,0520 00For
Invesco6,435,3870 00For
Dimensional6,045,8790 00For
MFS5,564,0630 00For
ADVISORS' INNER CIRCLE FUND4,277,0730 00For
AB LARGE CAP GROWTH FUND INC4,225,4040 00For
Bridge Builder Trust4,100,0050 00For
Jackson National4,083,4610 00For
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS3,447,8720 00For
JPMorgan3,320,3340 00For
Victory Capital3,187,6950 00For
JANUS INVESTMENT FUND2,734,9530 00For
FRANKLIN MANAGED TRUST2,685,0000 00For
Prudential/PGIM2,522,5260 00For
Loomis Sayles2,485,2030 00For
Principal2,467,6450 00For

Showing the 25 largest of 329 asset managers. See all 329 in the interactive database.

15. 4. Shareholder proposal on gender-based compensation gaps and associated risks

Official resultHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEReported outcome: Not approved

Combines 13 wordings of this item as funds reported it.

0.9% Not approved · of votes cast

AGAINST
FOR: 10,657,911AGAINST: 1,318,419,741
Details: description as filed, official tally, votes by 331 asset managers

Description as filed by funds: Shareholder proposal on gender- based compensation gaps and associated risks.

VISA INC.’s own tally for this item (“4. Shareholder proposal on gender-based compensation gaps and associated risks”): 10,657,911 for, 1,318,419,741 against — failed, per its Form 8-K filed January 29, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The proposal was not approved.”
Support: 0.9% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of VISA INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Report on Gender-Based Compensation and Benefits Inequities” (18 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

The 331 asset managers below reported 1,960,671 for, 522,409,641 against, 1,657,758 abstained, 2,450 not voted, 76,199 unknown.

AGAINST
FOR: 1,960,671AGAINST: 522,409,641ABSTAIN: 1,657,758UNKNOWN: 76,199NOT VOTED: 2,450
Largest asset managers voting on “Shareholder proposal on gender- based compensation gaps and associated risks.” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard0158,835,977 00Against
Fidelity073,846,069 00Against
BlackRock049,087,100 00Against
Capital Group042,735,018 00Against
T. Rowe Price024,157,679 00Against
State Street017,368,284 00Against
Charles Schwab010,709,187 00Against
TIAA09,961,087 00Against
Columbia Threadneedle06,845,052 00Against
Invesco175,8986,259,489 00Against
Dimensional06,045,879 00Against
MFS05,564,063 00Against
ADVISORS' INNER CIRCLE FUND04,277,073 00Against
AB LARGE CAP GROWTH FUND INC04,225,404 00Against
Bridge Builder Trust04,100,005 00Against
Jackson National04,083,461 00Against
Legg Mason04,045,807 00Against
PROFESSIONALLY MANAGED PORTFOLIOS03,447,872 00Against
JPMorgan03,320,334 00Against
Victory Capital03,187,695 00Against
JANUS INVESTMENT FUND02,734,953 00Against
FRANKLIN MANAGED TRUST02,685,000 00Against
Prudential/PGIM713,0711,809,455 00Mixed
Loomis Sayles02,485,203 00Against
Principal02,467,645 00Against

Showing the 25 largest of 331 asset managers. See all 331 in the interactive database.

16. 5. Shareholder proposal requesting a report on policy on merchant category codes

Official resultHUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEReported outcome: Not approved

Combines 11 wordings of this item as funds reported it.

0.8% Not approved · of votes cast

AGAINST
FOR: 10,038,824AGAINST: 1,316,074,521
Details: description as filed, official tally, votes by 324 asset managers

Description as filed by funds: Shareholder proposal requesting a report on policy on merchant category codes.

VISA INC.’s own tally for this item (“5. Shareholder proposal requesting a report on policy on merchant category codes”): 10,038,824 for, 1,316,074,521 against — failed, per its Form 8-K filed January 29, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The proposal was not approved.”
Support: 0.8% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 324 asset managers below reported 1,170,431 for, 524,412,281 against, 1,688,562 abstained, 2,450 not voted, 83,750 unknown.

AGAINST
FOR: 1,170,431AGAINST: 524,412,281ABSTAIN: 1,688,562UNKNOWN: 83,750NOT VOTED: 2,450
Largest asset managers voting on “Shareholder proposal requesting a report on policy on merchant category codes.” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard0158,835,977 00Against
Fidelity073,846,069 00Against
BlackRock049,087,100 00Against
Capital Group042,735,018 00Against
T. Rowe Price024,157,679 00Against
State Street017,368,284 00Against
Charles Schwab010,709,187 00Against
TIAA09,961,087 00Against
Columbia Threadneedle06,845,052 00Against
Invesco175,8986,259,489 00Against
Dimensional06,045,879 00Against
MFS05,564,063 00Against
ADVISORS' INNER CIRCLE FUND04,277,073 00Against
AB LARGE CAP GROWTH FUND INC04,225,404 00Against
Bridge Builder Trust04,100,005 00Against
Jackson National04,083,461 00Against
Legg Mason04,045,807 00Against
PROFESSIONALLY MANAGED PORTFOLIOS03,447,872 00Against
JPMorgan03,320,334 00Against
Victory Capital03,187,695 00Against
JANUS INVESTMENT FUND02,734,953 00Against
FRANKLIN MANAGED TRUST02,685,000 00Against
Prudential/PGIM02,522,526 00Against
Loomis Sayles02,485,203 00Against
Principal02,467,645 00Against

Showing the 25 largest of 324 asset managers. See all 324 in the interactive database.

17. 7. Shareholder proposal on transparency in lobbying

Official resultOTHER SOCIAL ISSUESReported outcome: Not approved

Combines 5 wordings of this item as funds reported it.

14% Not approved · of votes cast

14%AGAINST
FOR: 182,684,178AGAINST: 1,142,568,004
Details: description as filed, official tally, votes by 314 asset managers

Description as filed by funds: Shareholder proposal on transparency in lobbying.

VISA INC.’s own tally for this item (“7. Shareholder proposal on transparency in lobbying”): 182,684,178 for, 1,142,568,004 against — failed, per its Form 8-K filed January 29, 2025 (Item 5.07).

Reported outcome: Not approved, in the filing’s own words: “The proposal was not approved.”
Support: 14% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of VISA INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Shareholder Proposal Regarding Lobbying Report” (6 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).

The 314 asset managers below reported 20,650,503 for, 503,138,521 against, 1,674,536 abstained, 2,450 not voted, 31,129 unknown.

AGAINST
FOR: 20,650,503AGAINST: 503,138,521ABSTAIN: 1,674,536UNKNOWN: 31,129NOT VOTED: 2,450
Largest asset managers voting on “Shareholder proposal on transparency in lobbying.” at VISA INC., 2024-2025
Asset managerForAgainst AbstainWithheldVote
Vanguard2,464,375156,371,602 00Against
Fidelity073,846,069 00Against
BlackRock31,96649,055,134 00Against
Capital Group042,735,018 00Against
T. Rowe Price024,157,679 00Against
State Street3,15317,365,131 00Against
Charles Schwab010,709,187 00Against
TIAA09,961,087 00Against
Columbia Threadneedle06,845,052 00Against
Invesco175,8986,259,489 00Against
Dimensional06,045,879 00Against
MFS05,564,063 00Against
ADVISORS' INNER CIRCLE FUND04,277,073 00Against
AB LARGE CAP GROWTH FUND INC04,225,404 00Against
Bridge Builder Trust2,792,6881,307,317 00Mixed
Jackson National267,7303,815,731 00Mixed
Legg Mason4,045,8070 00For
PROFESSIONALLY MANAGED PORTFOLIOS8,1403,439,732 00Against
JPMorgan3153,320,019 00Against
Victory Capital03,187,695 00Against
JANUS INVESTMENT FUND02,734,953 00Against
FRANKLIN MANAGED TRUST02,685,000 00Against
Prudential/PGIM1,038,0301,484,496 00Mixed
Loomis Sayles02,485,203 00Against
Principal02,467,645 00Against

Showing the 25 largest of 314 asset managers. See all 314 in the interactive database.

Not shown here: this season’s fund filings also report 1 item from the meeting of January 23, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.

Largest VISA INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported.

Fund voting reports: top VISA INC. shareholders by shares voted on “To approve, on an advisory basis, the compensation paid to our named executive officers.”, 2024-2025
#Asset manager Shares voted
1Vanguard 158,835,977
2Fidelity 73,846,069
3BlackRock 49,087,100
4Capital Group 42,735,018
5T. Rowe Price 24,157,679
6State Street 17,368,284
7Charles Schwab 10,709,187
8TIAA 9,961,087
9Columbia Threadneedle 6,845,052
10Invesco 6,435,387
Institutional-manager reports: top VISA INC. shareholders by shares voted on “To approve, on an advisory basis, the compensation paid to our named executive officers.”, 2024-2025
#Asset manager Shares voted
1BlackRock 51,326,478
2Fidelity 50,181,836
3Capital Group 48,096,235
4T. Rowe Price 46,914,356
5State Street 44,411,051
6GEODE CAPITAL MANAGEMENT, LLC 38,005,420
7AllianceBernstein 20,981,416
8TCI Fund Management Ltd 16,797,187
9Legal & General Investment Management Ltd 16,411,054
10MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 14,845,833

Shown as share counts, not percentages: no shares-outstanding figure has been matched to VISA INC. for the 2024-2025 season, so there is no denominator to divide by.

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. This page is a static snapshot rebuilt weekly on October 13, 2026; a live search always shows the current data.

At VISA INC.'s shareholder meeting held January 28, 2025, in the 2024-2025 proxy season, 1,873 asset managers reported how they voted on 17 ballot items in their SEC Form N-PX filings, covering 34,044 separate fund positions. On the most widely held item on that ballot — To approve, on an advisory basis, the compensation paid to our named executive officers. — VISA INC.'s filing reports the proposal as approved, with 92% support of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side). Source: VISA INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on January 29, 2025.

VISA INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.