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Payments & Financial Infrastructure

Visa Executive Compensation (FY25)

V · San Francisco, CA · Executive and director compensation, fiscal 2022 to 2025
Data as of September 7, 2026Latest filing (8-K): January 28, 2026
428 figures on this page: 417 cited to the filing that reported them, 11 calculated from figures it prints. See the citations
Ryan McInerney, Chief Executive Officer, received $31,560,660 in total compensation for fiscal 2025, and McInerney's total was 21.4% higher than the $25,999,293 reported for fiscal 2024. Separately, for fiscal 2025, the company reported a chief executive pay ratio of 204:1, against median employee compensation of $154,909, while the say-on-pay proposal drew 93.3% of votes cast including abstentions in favor at the meeting held January 27, 2026 for fiscal 2025. Companies named in the disclosed peer group include Accenture plc, Adobe Inc., Alphabet Inc., American Express Company and Bank of America Corporation, among others.
Chief executive, fiscal 2025
◇
Ryan McInerney
Latest say-on-pay support
=
January 27, 2026
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Ryan McInerney: $25,999,293 → $31,560,660 (21.4% higher)
CEO pay ratio: 169:1 → 204:1 (20.7% higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Visa's chief executive and what were they paid?
Ryan McInerney, Chief Executive Officer, received $31,560,660 in total compensation for fiscal 2025. McInerney's total was 21.4% higher than the $25,999,293 reported for fiscal 2024.
What was Visa's say-on-pay result?
The say-on-pay proposal drew 93.3% of votes cast including abstentions in favor at the meeting held January 27, 2026 for fiscal 2025.
Which companies are in Visa's peer group?
Companies named in the disclosed peer group include Accenture plc, Adobe Inc., Alphabet Inc., American Express Company and Bank of America Corporation, among others.
What is Visa's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 204:1, against median employee compensation of $154,909.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Vasant Prabhu
Vice Chair and Chief Financial Officer
◇—◇◇◇◇◇◇
Kelly Mahon Tullier
Vice Chair, Chief People and Corporate Affairs Officer, and Corporate Secretary
◇—◇◇◇◇◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Alfred Kelly
Executive Chairman
◇—◇◇◇—◇◇
Ryan McInerney
Chief Executive Officer
◇—◇◇◇◇◇◇
Vasant Prabhu
Former Vice Chair, Chief Financial Officer
Departed during or after this year
◇—◇◇◇◇◇◇
Rajat Taneja
President, Technology
◇—◇◇◇◇◇◇
Chris Suh
Chief Financial Officer
◇◇◇—◇—◇◇
Kelly Mahon Tullier
Vice Chair, Chief People and Corporate Affairs Officer
◇—◇◇◇◇◇◇
Paul Fabara
Chief Risk Officer
◇—◇◇◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ryan McInerney
Chief Executive Officer
◇—◇◇◇◇◇◇
Rajat Taneja
President, Technology
◇—◇◇◇◇◇◇
Alfred Kelly, Jr.
Former Executive Chairman and Senior Advisor
Departed during or after this year
◇—◇—◇—◇◇
Kelly Mahon Tullier
Vice Chair, Chief People and Corporate Affairs Officer
◇—◇◇◇◇◇◇
Chris Suh
Chief Financial Officer
◇—◇◇◇—◇◇
Paul Fabara
Chief Risk and Client Services Officer
◇—◇◇◇—◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Ryan McInerney
Chief Executive Officer
◇—◇◇◇◇◇◇
Rajat Taneja
President, Technology
◇—◇◇◇◇◇◇
Kelly Mahon Tullier
Vice Chair, Chief People and Corporate Affairs Officer, and Corporate Secretary
◇—◇◇◇◇◇◇
Chris Suh
Chief Financial Officer
◇—◇◇◇—◇◇
Paul Fabara
Chief Risk and Client Services Officer
◇—◇◇◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Chris SuhRSU◇——◇——◇
Chris SuhOPTION◇——◇—◇◇
Chris SuhPSU◇◇◇—◇—◇
Chris SuhPSU◇◇◇—◇—◇
Kelly Mahon TullierRSU◇——◇——◇
Kelly Mahon TullierPSU◇◇◇—◇—◇
Kelly Mahon TullierOPTION◇——◇—◇◇
Kelly Mahon TullierPSU◇◇◇—◇—◇
Kelly Mahon TullierPSU◇◇◇—◇—◇
Kelly Mahon TullierPSU◇◇◇—◇—◇
Paul FabaraRSU◇——◇——◇
Paul FabaraPSU◇◇◇—◇—◇
Paul FabaraPSU◇◇◇—◇—◇
Paul FabaraOPTION◇——◇—◇◇
Paul FabaraPSU◇◇◇—◇—◇
Paul FabaraPSU◇◇◇—◇—◇
Rajat TanejaPSU◇◇◇—◇—◇
Rajat TanejaRSU◇——◇——◇
Rajat TanejaOPTION◇——◇—◇◇
Rajat TanejaPSU◇◇◇—◇—◇
Rajat TanejaPSU◇◇◇—◇—◇
Rajat TanejaPSU◇◇◇—◇—◇
Ryan McInerneyRSU◇——◇——◇
Ryan McInerneyOPTION◇——◇—◇◇
Ryan McInerneyPSU◇◇◇—◇—◇
Ryan McInerneyPSU◇◇◇—◇—◇
Ryan McInerneyPSU◇◇◇—◇—◇
Ryan McInerneyPSU◇◇◇—◇—◇
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Chris SuhOption◇—◇11/19/2033
RSU◇◇——
Option◇—◇11/19/2034
RSU◇◇——
RSU◇◇——
RSU◇◇——
Ryan McInerneyOption◇—◇11/19/2034
RSU◇◇——
RSU◇◇——
Option◇—◇02/15/2033
Option◇—◇11/19/2033
Option◇—◇11/19/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
Kelly Mahon TullierOption◇—◇11/19/2032
Option◇—◇11/19/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇11/19/2034
Paul FabaraOption◇—◇11/19/2033
RSU◇◇——
Option◇—◇11/19/2032
RSU◇◇——
RSU◇◇——
RSU◇◇——
Option◇—◇11/19/2034
Rajat TanejaOption◇—◇11/19/2034
Option◇—◇11/19/2032
RSU◇◇——
Option◇—◇11/19/2033
RSU◇◇——
RSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Kelly Mahon Tullier
Vice Chair, Chief People and Corporate Affairs Officer, and Corporate Secretary · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance multiple◇
Severance cash amount◇
Change-in-control multiple◇
Chris Suh
Chief Financial Officer · Terms as described in the company’s compensation discussion · citing a 2025 filing
Severance cash amount◇
Equity acceleration on change in control◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John F. Lundgren
Board chair
◇◇———◇◇
Maynard G. Webb Jr
◇◇———◇◇
Lloyd A. Carney
◇◇———◇◇
Teri L. List
◇◇———◇◇
Denise M. Morrison
◇◇———◇◇
Kermit R. Crawford
◇◇———◇◇
Linda J. Rendle
◇◇———◇◇
Pamela Murphy
◇◇———◇◇
Ramon Laguarta
◇◇————◇
Francisco Javier Fernández-Carbajal
◇◇————◇
William Ready and Ryan McInerney served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Board chair premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer ($550,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • Accenture plc ACN
  • Adobe Inc. ADBE
  • Alphabet Inc. GOOGL
  • American Express Company AXP
  • Bank of America Corporation BAC
  • BlackRock, Inc. BLK
  • Block, Inc. XYZ
  • Capital One Financial Corporation COF
  • Citigroup Inc. C
  • IBM Corporation IBM
  • Intuit Inc. INTU
  • JPMorgan Chase & Co. JPM
  • Mastercard Incorporated MA
  • Meta Platforms, Inc. META
  • Microsoft Corporation MSFT
  • Morgan Stanley MS
  • Oracle Corporation ORCL
  • PayPal Holdings, Inc. PYPL
  • Salesforce, Inc. CRM
  • The Goldman Sachs Group, Inc. GS
  • Wells Fargo & Company WFC

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025January 27, 2026=◇◇◇
2024January 28, 2025=◇◇◇
2023January 23, 2024=◇◇◇
2022January 24, 2023=◇◇◇
2021January 25, 2022=◇◇◇
2020January 26, 2021=◇◇◇
2019January 28, 2020=◇◇◇
2018January 29, 2019=◇◇◇
2017January 30, 2018=◇◇◇
2016January 31, 2017=◇◇◇
2015February 3, 2016=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Visa disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Visa sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
428 figures on this page: 417 cited to the filing that reported them, 11 calculated from figures it prints.
417 cited to the filing
11 calculated from the filing

Documents cited

  1. 0001403161-26-000029
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001308179-25-000635
    CEO Pay Ratio · Compensation Discussion and Analysis · Director Compensation · Director Compensation for Fiscal Year 2025 · and 3 more sections
  3. 0001403161-25-000010
  4. 0001308179-24-000807
    Summary Compensation Table for Fiscal Year 2024
  5. 0001403161-24-000005
  6. 0001193125-23-290295
    Summary Compensation Table for Fiscal Year 2023
  7. 0001403161-23-000008
  8. 0001193125-22-296190
    Summary Compensation Table
  9. 0001403161-22-000005
  10. 0001403161-21-000005
  11. 0001403161-20-000005
  12. 0001403161-19-000006
  13. 0001403161-18-000003
  14. 0001403161-17-000005
  15. 0001193125-16-452251
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Velarion, “Visa executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/V (accessed 2026).
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Payments & Financial Infrastructure rankings

Chief executive pay — Payments & Financial InfrastructureCEO pay ratio — Payments & Financial InfrastructureSay-on-pay support — Payments & Financial Infrastructure

Peers Visa discloses

The companies named in V's own disclosed peer group.

Adobe Inc.Alphabet Inc.American Express CompanyBank of America CorporationBlackRock, Inc.Block, Inc.Capital One Financial CorporationCitigroup Inc.IBM CorporationIntuit Inc.JPMorgan Chase & Co.Mastercard IncorporatedMeta Platforms, Inc.Microsoft CorporationMorgan StanleyOracle CorporationPayPal Holdings, Inc.Salesforce, Inc.The Goldman Sachs Group, Inc.Wells Fargo & Company

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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