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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 (Item 5.07 on EDGAR). Page generated 02 October 2026.

36Reported items
1,918Asset managers
34,370Fund votes
2025-01-28Meeting date

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 (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 2025-01-28
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Outcome
Elect Director: Lloyd A. Carney	1,314,268,065	23,276,918	1,351,198	--	137,483,977	Majority: yes
Elect Director: Kermit R. Crawford	1,323,271,071	14,259,070	1,366,040	--	137,483,977	Majority: yes
Elect Director: Francisco Javier Fernández-Carbajal	1,300,811,280	34,935,582	3,149,319	--	137,483,977	Majority: yes
Elect Director: Ramon Laguarta	1,320,895,924	16,578,987	1,421,270	--	137,483,977	Majority: yes
Elect Director: Teri L. List	1,327,715,781	9,867,220	1,313,180	--	137,483,977	Majority: yes
Elect Director: John F. Lundgren	1,302,818,180	33,740,041	2,337,960	--	137,483,977	Majority: yes
Elect Director: Ryan McInerney	1,334,286,019	3,257,269	1,352,893	--	137,483,977	Majority: yes
Elect Director: Denise M. Morrison	1,312,714,505	24,886,808	1,294,868	--	137,483,977	Majority: yes
Elect Director: Pamela Murphy	1,324,052,027	13,547,613	1,296,541	--	137,483,977	Majority: yes
Elect Director: Linda J. Rendle	1,321,368,076	16,169,959	1,358,146	--	137,483,977	Majority: yes
Elect Director: Maynard G. Webb, Jr.	1,313,233,094	24,292,563	1,370,524	--	137,483,977	Majority: yes
Proposal 2: Approval, on an advisory basis, of compensation paid to the Company's named executive officers:	1,230,798,215	101,983,354	6,114,612	--	137,483,977	Majority: yes
Proposal 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	31,222,932	1,405,769	--	--	Majority: yes
Proposal 4: Shareholder proposal on gender-based compensation gaps and associated risks:	10,657,911	1,318,419,741	9,818,529	--	137,483,977	Majority: no
Proposal 5: Shareholder proposal requesting a report on policy on merchant category codes:	10,038,824	1,316,074,521	12,782,836	--	137,483,977	Majority: no
Proposal 6: Shareholder proposal requesting adoption of a new director election resignation governance guideline:	226,912,035	1,107,467,619	4,516,527	--	137,483,977	Majority: no
Proposal 7: Shareholder proposal on transparency in lobbying:	182,684,178	1,142,568,004	13,643,999	--	137,483,977	Majority: no

Source: VISA INC., Form 8-K — read the filing on EDGAR.

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

Each item below shows how the 1,918 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. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of VISA INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. To approve, on an advisory basis, the compensation paid to our named executive officers.

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-01-28.

Combines 45 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 1,230,798,215AGAINST: 101,983,354

VISA INC.’s own tally for this item (“Proposal 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, per its Form 8-K (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.

The 1,834 asset managers below cast 94% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.

FOR 94%

FOR: 93.6%AGAINST: 6.3%ABSTAIN: 0.0%NOT VOTED: 0.0%UNKNOWN: 0.0%

Largest asset managers voting on “To approve, on an advisory basis, the compensation paid to our named executive officers.” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	168,682,697	0	For
Fidelity	124,027,905	0	For
BlackRock	100,406,337	7,241	For
Capital Group	90,831,253	0	For
T. Rowe Price	70,728,110	343,925	For
State Street	61,222,748	556,587	For
GEODE CAPITAL MANAGEMENT, LLC	38,005,420	0	For
Charles Schwab	22,778,427	0	For
AllianceBernstein	21,975,168	0	For
TCI Fund Management Ltd	16,797,187	0	For
Legal & General Investment Management Ltd	0	16,411,054	Against
Invesco	15,868,550	0	For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	14,845,833	0	For
Northern Trust	14,077,258	32,889	For
Morgan Stanley	4,109,785	8,945,903	Against
UBS	10,459,256	605,637	For
JPMorgan	11,034,490	0	For
Nuveen	10,395,772	0	For
TIAA	10,159,823	0	For
Loomis Sayles	9,725,031	259,499	For
Clearbridge Investments, LLC	9,752,495	31,977	For
Wellington	9,700,569	0	For
Fisher Asset Management, LLC	8,736,387	0	For
Columbia Threadneedle	7,360,441	0	For
PARAMETRIC PORTFOLIO ASSOCIATES LLC	385	7,254,401	Against

Showing the 25 largest of 1,834 asset managers. See all 1,834 in the interactive database.

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

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEMajority of the votes cast: no

Meeting held 2025-01-28.

Combines 13 wordings of this item as funds reported it.

0.9% Majority: no · of votes cast

AGAINST 99.1%

FOR: 10,657,911AGAINST: 1,318,419,741

VISA INC.’s own tally for this item (“Proposal 4: Shareholder proposal on gender-based compensation gaps and associated risks:”): 10,657,911 for, 1,318,419,741 against, per its Form 8-K (Item 5.07). FOR was not 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.

The 332 asset managers below cast 0.4% of the shares they voted on this item FOR (1,970,798 for, 522,409,641 against).

AGAINST 99.2%

FOR: 1,970,798 (0.4%)AGAINST: 522,409,641 (99.3%)ABSTAIN: 1,657,758 (0.3%)UNKNOWN: 76,199 (0.0%)NOT VOTED: 2,450 (0.0%)

Largest asset managers voting on “Shareholder proposal on gender- based compensation gaps and associated risks.” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	0	158,835,977	Against
Fidelity	0	73,846,069	Against
BlackRock	0	49,087,100	Against
Capital Group	0	42,735,018	Against
T. Rowe Price	0	24,157,679	Against
State Street	0	17,368,284	Against
Charles Schwab	0	10,709,187	Against
TIAA	0	9,961,087	Against
Columbia Threadneedle	0	6,845,052	Against
Invesco	175,898	6,259,489	Against
Dimensional	0	6,045,879	Against
MFS	0	5,564,063	Against
ADVISORS' INNER CIRCLE FUND	0	4,277,073	Against
AB LARGE CAP GROWTH FUND INC	0	4,225,404	Against
Bridge Builder Trust	0	4,100,005	Against
Jackson National	0	4,083,461	Against
Legg Mason	0	4,045,807	Against
PROFESSIONALLY MANAGED PORTFOLIOS	0	3,447,872	Against
JPMorgan	0	3,320,334	Against
Victory Capital	0	3,187,695	Against
JANUS INVESTMENT FUND	0	2,734,953	Against
FRANKLIN MANAGED TRUST	0	2,685,000	Against
Prudential/PGIM	713,071	1,809,455	Against
Loomis Sayles	0	2,485,203	Against
Principal	0	2,467,645	Against

Showing the 25 largest of 332 asset managers. See all 332 in the interactive database.

3. To ratify the appointment of KPMG LLP as our independent registered public accounting firm for fiscal year 2025.

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2025-01-28.

Combines 11 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 1,443,751,457AGAINST: 31,222,932

VISA INC.’s own tally for this item (“Proposal 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, per its Form 8-K (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.

The 329 asset managers below cast 99.7% of the shares they voted on this item FOR (525,863,128 for, 1,317,646 against).

FOR 99.7%

FOR: 525,863,128 (99.7%)AGAINST: 1,317,646 (0.2%)ABSTAIN: 193,004 (0.0%)UNKNOWN: 38,680 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,087,100	0	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,367,875	409	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,447,872	0	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

4. Shareholder proposal requesting a report on policy on merchant category codes.

HUMAN RIGHTS OR HUMAN CAPITAL/WORKFORCEMajority of the votes cast: no

Meeting held 2025-01-28.

Combines 11 wordings of this item as funds reported it.

0.8% Majority: no · of votes cast

AGAINST 99.2%

FOR: 10,038,824AGAINST: 1,316,074,521

VISA INC.’s own tally for this item (“Proposal 5: Shareholder proposal requesting a report on policy on merchant category codes:”): 10,038,824 for, 1,316,074,521 against, per its Form 8-K (Item 5.07). FOR was not 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.

The 324 asset managers below cast 0.3% of the shares they voted on this item FOR (1,170,431 for, 524,412,281 against).

AGAINST 99.4%

FOR: 1,170,431 (0.2%)AGAINST: 524,412,281 (99.4%)ABSTAIN: 1,688,562 (0.3%)UNKNOWN: 83,750 (0.0%)NOT VOTED: 2,450 (0.0%)

Largest asset managers voting on “Shareholder proposal requesting a report on policy on merchant category codes.” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	0	158,835,977	Against
Fidelity	0	73,846,069	Against
BlackRock	0	49,087,100	Against
Capital Group	0	42,735,018	Against
T. Rowe Price	0	24,157,679	Against
State Street	0	17,368,284	Against
Charles Schwab	0	10,709,187	Against
TIAA	0	9,961,087	Against
Columbia Threadneedle	0	6,845,052	Against
Invesco	175,898	6,259,489	Against
Dimensional	0	6,045,879	Against
MFS	0	5,564,063	Against
ADVISORS' INNER CIRCLE FUND	0	4,277,073	Against
AB LARGE CAP GROWTH FUND INC	0	4,225,404	Against
Bridge Builder Trust	0	4,100,005	Against
Jackson National	0	4,083,461	Against
Legg Mason	0	4,045,807	Against
PROFESSIONALLY MANAGED PORTFOLIOS	0	3,447,872	Against
JPMorgan	0	3,320,334	Against
Victory Capital	0	3,187,695	Against
JANUS INVESTMENT FUND	0	2,734,953	Against
FRANKLIN MANAGED TRUST	0	2,685,000	Against
Prudential/PGIM	0	2,522,526	Against
Loomis Sayles	0	2,485,203	Against
Principal	0	2,467,645	Against

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

5. To elect the eleven director nominees named in the proxy statement: Lloyd A. Carney

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.7% of the shares they voted on this item FOR (525,897,229 for, 1,191,766 against).

FOR 99.7%

FOR: 525,897,229 (99.7%)AGAINST: 1,191,766 (0.2%)ABSTAIN: 189,507 (0.0%)UNKNOWN: 76,199 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,063,782	23,318	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,366,832	1,452	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,439,732	8,140	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

6. To elect the eleven director nominees named in the proxy statement: Kermit R. Crawford

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.7% of the shares they voted on this item FOR (525,898,115 for, 1,187,361 against).

FOR 99.7%

FOR: 525,898,115 (99.7%)AGAINST: 1,187,361 (0.2%)ABSTAIN: 193,025 (0.0%)UNKNOWN: 76,199 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,063,782	23,318	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,366,832	1,452	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,439,732	8,140	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

7. To elect the eleven director nominees named in the proxy statement: Ramon Laguarta

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.7% of the shares they voted on this item FOR (525,853,237 for, 1,199,078 against).

FOR 99.7%

FOR: 525,853,237 (99.7%)AGAINST: 1,199,078 (0.2%)ABSTAIN: 226,186 (0.0%)UNKNOWN: 76,199 (0.0%)

Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Ramon Laguarta” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,063,782	23,318	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,366,832	1,452	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,439,732	8,140	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

8. To elect the eleven director nominees named in the proxy statement: Teri L. List

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.9% of the shares they voted on this item FOR (526,923,678 for, 165,320 against).

FOR 99.9%

FOR: 526,923,678 (99.9%)AGAINST: 165,320 (0.0%)ABSTAIN: 189,503 (0.0%)UNKNOWN: 76,199 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,079,094	8,006	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,367,694	590	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,447,872	0	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

9. To elect the eleven director nominees named in the proxy statement: John F. Lundgren

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.4% of the shares they voted on this item FOR (524,207,705 for, 2,881,206 against).

FOR 99.4%

FOR: 524,207,705 (99.4%)AGAINST: 2,881,206 (0.5%)ABSTAIN: 189,590 (0.0%)UNKNOWN: 76,199 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,063,782	23,318	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,366,832	1,452	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,439,732	8,140	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

10. To elect the eleven director nominees named in the proxy statement: Ryan McInerney

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.9% of the shares they voted on this item FOR (527,036,294 for, 49,183 against).

FOR 99.9%

FOR: 527,036,294 (99.9%)AGAINST: 49,183 (0.0%)ABSTAIN: 193,024 (0.0%)UNKNOWN: 76,199 (0.0%)

Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Ryan McInerney” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,079,094	8,006	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,367,694	590	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,447,872	0	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

11. To elect the eleven director nominees named in the proxy statement: Denise M. Morrison

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.9% of the shares they voted on this item FOR (526,922,043 for, 166,957 against).

FOR 99.9%

FOR: 526,922,043 (99.9%)AGAINST: 166,957 (0.0%)ABSTAIN: 189,501 (0.0%)UNKNOWN: 76,199 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,079,094	8,006	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,367,694	590	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,447,872	0	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

12. To elect the eleven director nominees named in the proxy statement: Pamela Murphy

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.7% of the shares they voted on this item FOR (525,898,186 for, 1,187,297 against).

FOR 99.7%

FOR: 525,898,186 (99.7%)AGAINST: 1,187,297 (0.2%)ABSTAIN: 193,018 (0.0%)UNKNOWN: 76,199 (0.0%)

Largest asset managers voting on “To elect the eleven director nominees named in the proxy statement: Pamela Murphy” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,063,782	23,318	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,366,832	1,452	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,439,732	8,140	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

13. To elect the eleven director nominees named in the proxy statement: Linda J. Rendle

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.7% of the shares they voted on this item FOR (525,853,284 for, 1,199,037 against).

FOR 99.7%

FOR: 525,853,284 (99.7%)AGAINST: 1,199,037 (0.2%)ABSTAIN: 226,180 (0.0%)UNKNOWN: 76,199 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,063,782	23,318	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,366,832	1,452	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	4,100,005	0	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,439,732	8,140	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

14. To elect the eleven director nominees named in the proxy statement: Maynard G. Webb, Jr.

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 322 asset managers below cast 99.6% of the shares they voted on this item FOR (525,087,015 for, 1,963,298 against).

FOR 99.5%

FOR: 525,087,015 (99.6%)AGAINST: 1,963,298 (0.4%)ABSTAIN: 189,509 (0.0%)UNKNOWN: 114,879 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,079,094	8,006	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,367,285	999	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	3,848,791	251,214	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,447,872	0	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

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

DIRECTOR ELECTIONSMajority of the votes cast: no

Meeting held 2025-01-28.

Combines 8 wordings of this item as funds reported it.

17% Majority: no · of votes cast

FOR 17%AGAINST 83%

FOR: 226,912,035AGAINST: 1,107,467,619

VISA INC.’s own tally for this item (“Proposal 6: Shareholder proposal requesting adoption of a new director election resignation governance guideline:”): 226,912,035 for, 1,107,467,619 against, per its Form 8-K (Item 5.07). FOR was not 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.

The 322 asset managers below cast 15% of the shares they voted on this item FOR (80,685,305 for, 445,660,651 against).

FOR 15%AGAINST 85%

FOR: 80,685,305 (15.3%)AGAINST: 445,660,651 (84.6%)ABSTAIN: 194,203 (0.0%)NOT VOTED: 2,450 (0.0%)

Largest asset managers voting on “Shareholder proposal requesting adoption of a new director election resignation governance guideline.” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	6,729,364	152,106,613	Against
Fidelity	37,876,935	35,969,134	For
BlackRock	45,078	49,042,022	Against
Capital Group	0	42,735,018	Against
T. Rowe Price	0	24,157,679	Against
State Street	409	17,367,875	Against
Charles Schwab	10,709,187	0	For
TIAA	0	9,961,087	Against
Columbia Threadneedle	0	6,845,052	Against
Invesco	0	6,435,387	Against
Dimensional	6,045,879	0	For
MFS	0	5,564,063	Against
ADVISORS' INNER CIRCLE FUND	0	4,277,073	Against
AB LARGE CAP GROWTH FUND INC	0	4,225,404	Against
Bridge Builder Trust	1,552,626	2,547,379	Against
Jackson National	108,879	3,974,582	Against
Legg Mason	0	4,045,807	Against
PROFESSIONALLY MANAGED PORTFOLIOS	0	3,447,872	Against
JPMorgan	0	3,320,334	Against
Victory Capital	0	3,187,695	Against
JANUS INVESTMENT FUND	0	2,734,953	Against
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	1,703,162	819,364	For
Loomis Sayles	0	2,485,203	Against
Principal	128,424	2,339,221	Against

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

16. Shareholder proposal on transparency in lobbying.

OTHER SOCIAL ISSUESMajority of the votes cast: no

Meeting held 2025-01-28.

Combines 5 wordings of this item as funds reported it.

14% Majority: no · of votes cast

14%AGAINST 86%

FOR: 182,684,178AGAINST: 1,142,568,004

VISA INC.’s own tally for this item (“Proposal 7: Shareholder proposal on transparency in lobbying:”): 182,684,178 for, 1,142,568,004 against, per its Form 8-K (Item 5.07). FOR was not 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.

The 314 asset managers below cast 4% of the shares they voted on this item FOR (20,650,503 for, 503,138,521 against).

AGAINST 96%

FOR: 20,650,503 (3.9%)AGAINST: 503,138,521 (95.7%)ABSTAIN: 1,674,536 (0.3%)UNKNOWN: 31,129 (0.0%)NOT VOTED: 2,450 (0.0%)

Largest asset managers voting on “Shareholder proposal on transparency in lobbying.” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	2,464,375	156,371,602	Against
Fidelity	0	73,846,069	Against
BlackRock	31,966	49,055,134	Against
Capital Group	0	42,735,018	Against
T. Rowe Price	0	24,157,679	Against
State Street	3,153	17,365,131	Against
Charles Schwab	0	10,709,187	Against
TIAA	0	9,961,087	Against
Columbia Threadneedle	0	6,845,052	Against
Invesco	175,898	6,259,489	Against
Dimensional	0	6,045,879	Against
MFS	0	5,564,063	Against
ADVISORS' INNER CIRCLE FUND	0	4,277,073	Against
AB LARGE CAP GROWTH FUND INC	0	4,225,404	Against
Bridge Builder Trust	2,792,688	1,307,317	For
Jackson National	267,730	3,815,731	Against
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	8,140	3,439,732	Against
JPMorgan	315	3,320,019	Against
Victory Capital	0	3,187,695	Against
JANUS INVESTMENT FUND	0	2,734,953	Against
FRANKLIN MANAGED TRUST	0	2,685,000	Against
Prudential/PGIM	1,038,030	1,484,496	Against
Loomis Sayles	0	2,485,203	Against
Principal	0	2,467,645	Against

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

17. To elect the eleven director nominees named in the proxy statement: Francisco Javier Fernandez-Carbajal

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2025-01-28.

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

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 (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.

The 297 asset managers below cast 99.6% of the shares they voted on this item FOR (524,408,539 for, 1,983,092 against).

FOR 99.5%

FOR: 524,408,539 (99.6%)AGAINST: 1,983,092 (0.4%)ABSTAIN: 189,503 (0.0%)UNKNOWN: 76,199 (0.0%)

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 manager	For	Against	Vote
Vanguard	158,835,977	0	For
Fidelity	73,846,069	0	For
BlackRock	49,079,094	8,006	For
Capital Group	42,735,018	0	For
T. Rowe Price	24,157,679	0	For
State Street	17,367,285	999	For
Charles Schwab	10,709,187	0	For
TIAA	9,961,087	0	For
Columbia Threadneedle	6,845,052	0	For
Invesco	6,435,387	0	For
Dimensional	6,045,879	0	For
MFS	5,564,063	0	For
ADVISORS' INNER CIRCLE FUND	4,277,073	0	For
AB LARGE CAP GROWTH FUND INC	4,225,404	0	For
Bridge Builder Trust	3,848,791	251,214	For
Jackson National	4,083,461	0	For
Legg Mason	4,045,807	0	For
PROFESSIONALLY MANAGED PORTFOLIOS	3,447,872	0	For
JPMorgan	3,320,334	0	For
Victory Capital	3,187,695	0	For
JANUS INVESTMENT FUND	2,734,953	0	For
FRANKLIN MANAGED TRUST	2,685,000	0	For
Prudential/PGIM	2,522,526	0	For
Loomis Sayles	2,485,203	0	For
Principal	2,467,645	0	For

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

18. Section 14a Executive Compensation

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-01-28.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 1,230,798,215AGAINST: 101,983,354

The 39 asset managers below cast 82% of the shares they voted on this item FOR (644,820 for, 139,835 against).

FOR 77%AGAINST 17%

FOR: 644,820 (77.3%)AGAINST: 139,835 (16.8%)ABSTAIN: 7,594 (0.9%)NOT VOTED: 42,104 (5.0%)

Largest asset managers voting on “Section 14a Executive Compensation” at VISA INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
Focus Partners Wealth	184,064	26,218	0	For
Vancity Investment Management Ltd	0	104,422	0	Against
Port Capital LLC	95,053	0	0	For
Wallington Asset Management, LLC	77,177	0	0	For
London & Capital Asset Management Ltd	49,443	0	0	For
EAGLE GLOBAL ADVISORS LLC	43,631	0	0	For
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	0	Not Voted
Blue Fin Capital, Inc.	40,906	0	0	For
COURIER CAPITAL LLC	37,641	0	0	For
MATTERN CAPITAL MANAGEMENT, LLC	25,361	0	0	For
BUTENSKY & COHEN FINANCIAL SECURITY, INC	18,142	0	0	For
Blue Edge Capital, LLC	17,594	0	0	For
IMA Advisory Services, Inc.	12,065	0	0	For
WESPAC Advisors SoCal, LLC	8,920	0	0	For
Aristides Capital LLC	0	0	7,070	Abstain
HARBOUR INVESTMENT MANAGEMENT LLC	6,223	0	0	For
BOURNE LENT ASSET MANAGEMENT INC	5,600	0	0	For
WILLIAMSBURG INVESTMENT TRUST	0	5,000	0	Against
Evergreen Wealth Management, LLC	4,064	0	0	For
Baker Avenue Asset Management, LP	4,029	0	0	For
Claret Asset Management Corp	3,793	0	0	For
Campion Asset Management	0	3,057	0	Against
MCMORGAN & CO LLC	2,893	0	0	For
Ultimus Managers Trust	2,383	0	0	For
ETF Opportunities Trust	1,312	0	0	For

Showing the 25 largest of 39 asset managers. See all 39 in the interactive database.

19. Election of Director: Francisco Javier Fern?ndez-Carbajal

DIRECTOR ELECTIONS

Meeting held 2025-01-28.

Combines 6 wordings of this item as funds reported it.

99% fund support · no official result

FOR 99%

The 35 asset managers below cast 99% of the shares they voted on this item FOR (688,973 for, 8,390 against).

FOR: 688,973 (98.8%)AGAINST: 8,390 (1.2%)ABSTAIN: 4 (0.0%)

Largest asset managers voting on “Election of Director: Francisco Javier Fern?ndez-Carbajal” at VISA INC., 2024-2025
Asset manager	For	Against	Abstain	Vote
OAK ASSOCIATES FUNDS	138,695	0	0	For
RBB FUND, INC.	93,916	0	0	For
WILLIAMSBURG INVESTMENT TRUST	77,660	0	0	For
First Trust	69,102	0	0	For
ASSET MANAGEMENT FUND	37,400	0	0	For
Ultimus Managers Trust	30,570	0	0	For
SA FUNDS INVESTMENT TRUST	28,281	0	0	For
Northern Lights Fund Trust IV	22,800	0	0	For
Shorepath Capital Management LLC	22,183	0	0	For
Dunham Funds	22,128	0	0	For
PFS FUNDS	21,800	0	0	For
UNIFIED SERIES TRUST	11,913	6,153	0	For
Portside Wealth Group, LLC	13,892	0	0	For
VALUED ADVISERS TRUST	13,207	0	0	For
Investment Managers Series Trust	12,414	0	0	For
Total Fund Solution	9,815	0	0	For
L. Roy Papp & Associates, LLP	8,492	0	0	For
SARATOGA ADVANTAGE TRUST	7,750	0	0	For
SPIRIT OF AMERICA INVESTMENT FUND INC	7,550	0	0	For
NORTHERN LIGHTS FUND TRUST II	6,737	0	0	For
Advisors' Inner Circle Fund III	6,564	0	0	For
Capitol Series Trust	5,630	0	0	For
VELA Funds	4,651	0	0	For
NORTHERN LIGHTS FUND TRUST III	3,488	108	4	For
Mutual Fund & Variable Insurance Trust	2,747	0	0	For

Showing the 25 largest of 35 asset managers. See all 35 in the interactive database.

20. Report on Gender-Based Compensation and Benefits Inequities

DIVERSITY, EQUITY, AND INCLUSIONMajority of the votes cast: no

Meeting held 2025-01-28.

0.9% Majority: no · of votes cast

AGAINST 99.1%

FOR: 10,657,911AGAINST: 1,318,419,741

The 18 asset managers below cast 12% of the shares they voted on this item FOR (144,242 for, 1,028,780 against).

12%AGAINST 88%

FOR: 144,242 (12.3%)AGAINST: 1,028,780 (87.7%)

Largest asset managers voting on “Report on Gender-Based Compensation and Benefits Inequities” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Erste Asset Management GmbH	0	279,947	Against
Empower	0	222,037	Against
VALUED ADVISERS TRUST	0	156,212	Against
GuideStone	144,242	0	For
CIDEL ASSET MANAGEMENT INC	0	112,200	Against
HC CAPITAL TRUST	0	77,923	Against
Brighthouse	0	43,006	Against
Tidal Trust III	0	39,740	Against
CLEARWATER INVESTMENT TRUST	0	25,759	Against
Lincoln Financial	0	20,851	Against
GreenFi Funds Trust	0	19,935	Against
Stenham Asset Management Ltd	0	19,250	Against
LITMAN GREGORY FUNDS TRUST	0	7,550	Against
WORMSER FRERES GESTION	0	4,078	Against
REDMONT WEALTH ADVISORS LLC	0	251	Against
UNIFIED SERIES TRUST	0	41	Against
Advisors' Inner Circle Fund III	0	0	--
OARSMAN CAPITAL, INC.	0	0	--

21. Report on Lobbying Payments and Policy

OTHER SOCIAL ISSUES

Meeting held 2025-01-28.

58% fund support · no official result

FOR 58%AGAINST 42%

The 17 asset managers below cast 58% of the shares they voted on this item FOR (674,657 for, 479,115 against).

FOR: 674,657 (58.5%)AGAINST: 479,115 (41.5%)

Largest asset managers voting on “Report on Lobbying Payments and Policy” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Erste Asset Management GmbH	279,947	0	For
Empower	222,037	0	For
VALUED ADVISERS TRUST	8,400	147,812	Against
GuideStone	0	144,242	Against
CIDEL ASSET MANAGEMENT INC	0	112,200	Against
HC CAPITAL TRUST	77,923	0	For
Brighthouse	0	43,006	Against
Tidal Trust III	39,740	0	For
CLEARWATER INVESTMENT TRUST	25,759	0	For
Lincoln Financial	20,851	0	For
GreenFi Funds Trust	0	19,935	Against
LITMAN GREGORY FUNDS TRUST	0	7,550	Against
WORMSER FRERES GESTION	0	4,078	Against
REDMONT WEALTH ADVISORS LLC	0	251	Against
UNIFIED SERIES TRUST	0	41	Against
Advisors' Inner Circle Fund III	0	0	--
OARSMAN CAPITAL, INC.	0	0	--

22. To approve, on an advisory basis, the compensation paid to our named executive officers

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2024-01-23; no official results on file for that date (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

100% fund support · no official result

FOR 100%

The 10 asset managers below cast 100% of the shares they voted on this item FOR (138,389 for, 0 against).

FOR: 138,389 (100.0%)

Largest asset managers voting on “To approve, on an advisory basis, the compensation paid to our named executive officers” at VISA INC., 2024-2025
Asset manager	For	Vote
DIVIDEND ASSETS CAPITAL, LLC	47,086	For
COLDSTREAM CAPITAL MANAGEMENT INC	29,289	For
Ipswich Investment Management Co., Inc.	20,567	For
Seascape Capital Management	15,164	For
Americana Partners, LLC	15,152	For
Sky Investment Group LLC	6,371	For
Knuff & Co LLC	3,010	For
VAUGHAN DAVID INVESTMENTS LLC/IL	1,160	For
Axiom Financial Strategies, LLC	590	For
Echo45 Advisors LLC	0	--

23. S/H Proposal - Corporate Governance

SHAREHOLDER RIGHTS AND DEFENSESMajority of the votes cast: no

Meeting held 2025-01-28.

Combines 2 wordings of this item as funds reported it.

17% Majority: no · of votes cast

FOR 17%AGAINST 83%

FOR: 226,912,035AGAINST: 1,107,467,619

The 9 asset managers below cast 9% of the shares they voted on this item FOR (1,039 for, 11,068 against).

AGAINST 45.1%NOT VOTED 50.7%

FOR: 1,039 (4.2%)AGAINST: 11,068 (45.1%)NOT VOTED: 12,446 (50.7%)

Largest asset managers voting on “S/H Proposal - Corporate Governance” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
HARBOUR INVESTMENT MANAGEMENT LLC	0	0	Not Voted
WILLIAMSBURG INVESTMENT TRUST	0	5,000	Against
Ultimus Managers Trust	0	2,383	Against
Members Trust Co	0	2,322	Against
ETF Opportunities Trust	0	1,312	Against
VOISARD ASSET MANAGEMENT GROUP, INC.	1,005	0	For
ESL Trust Services, LLC	0	51	Against
Williamson Legacy Group, LLC	18	0	For
NORTHERN LIGHTS FUND TRUST III	16	0	For

24. S/H Proposal - Gender Pay Gap

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-01-28.

0.4% fund support · no official result

AGAINST 17%NOT VOTED 83%

The 9 asset managers below cast 0.4% of the shares they voted on this item FOR (34 for, 9,751 against).

FOR: 34 (0.1%)AGAINST: 9,751 (16.8%)NOT VOTED: 48,327 (83.2%)

Largest asset managers voting on “S/H Proposal - Gender Pay Gap” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
LEAVELL INVESTMENT MANAGEMENT, INC.	0	0	Not Voted
HARBOUR INVESTMENT MANAGEMENT LLC	0	0	Not Voted
WILLIAMSBURG INVESTMENT TRUST	0	5,000	Against
Ultimus Managers Trust	0	2,383	Against
ETF Opportunities Trust	0	1,312	Against
VOISARD ASSET MANAGEMENT GROUP, INC.	0	1,005	Against
ESL Trust Services, LLC	0	51	Against
Williamson Legacy Group, LLC	18	0	For
NORTHERN LIGHTS FUND TRUST III	16	0	For

25. S/H Proposal - Political/Government

SHAREHOLDER RIGHTS AND DEFENSES

Meeting held 2025-01-28.

0.4% fund support · no official result

AGAINST 61%NOT VOTED 39%

The 8 asset managers below cast 0.4% of the shares they voted on this item FOR (34 for, 9,751 against).

FOR: 34 (0.2%)AGAINST: 9,751 (60.9%)NOT VOTED: 6,223 (38.9%)

Largest asset managers voting on “S/H Proposal - Political/Government” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
HARBOUR INVESTMENT MANAGEMENT LLC	0	0	Not Voted
WILLIAMSBURG INVESTMENT TRUST	0	5,000	Against
Ultimus Managers Trust	0	2,383	Against
ETF Opportunities Trust	0	1,312	Against
VOISARD ASSET MANAGEMENT GROUP, INC.	0	1,005	Against
ESL Trust Services, LLC	0	51	Against
Williamson Legacy Group, LLC	18	0	For
NORTHERN LIGHTS FUND TRUST III	16	0	For

26. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2025-01-28.

All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.

100% fund support · no official result

FOR 100%

The 7 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%

Largest asset managers voting on “Election of Directors (Majority Voting)” at VISA INC., 2024-2025
Asset manager	For	Vote
HARBOUR INVESTMENT MANAGEMENT LLC	68,453	For
WILLIAMSBURG INVESTMENT TRUST	5,000	For
Ultimus Managers Trust	2,383	For
VOISARD ASSET MANAGEMENT GROUP, INC.	1,005	For
ESL Trust Services, LLC	51	For
Williamson Legacy Group, LLC	18	For
NORTHERN LIGHTS FUND TRUST III	16	For

27. Shareholder Proposal Regarding Lobbying Report

OTHERMajority of the votes cast: no

Meeting held 2025-01-28.

14% Majority: no · of votes cast

14%AGAINST 86%

FOR: 182,684,178AGAINST: 1,142,568,004

The 6 asset managers below cast 96% of the shares they voted on this item FOR (775,128 for, 29,236 against).

FOR 96%

FOR: 775,128 (96.4%)AGAINST: 29,236 (3.6%)

Largest asset managers voting on “Shareholder Proposal Regarding Lobbying Report” at VISA INC., 2024-2025
Asset manager	For	Against	Vote
Cardano Risk Management B.V.	766,026	0	For
Impact Asset Management GmbH	0	28,890	Against
AMERICAN BEACON FUNDS	8,200	0	For
Northern Lights Fund Trust IV	675	0	For
Virtus	0	346	Against
PACE SELECT ADVISORS TRUST	227	0	For

28. Shareholder Proposal Regarding Mandatory Director Resignation Policy

DIRECTOR ELECTIONS

Meeting held 2025-01-28.

100% fund support · no official result

FOR 100%

The 6 asset managers below cast 100% of the shares they voted on this item FOR (804,364 for, 0 against).

FOR: 804,364 (100.0%)

Largest asset managers voting on “Shareholder Proposal Regarding Mandatory Director Resignation Policy” at VISA INC., 2024-2025
Asset manager	For	Vote
Cardano Risk Management B.V.	766,026	For
Impact Asset Management GmbH	28,890	For
AMERICAN BEACON FUNDS	8,200	For
Northern Lights Fund Trust IV	675	For
Virtus	346	For
PACE SELECT ADVISORS TRUST	227	For

29. Shareholder Proposal Regarding Report on Benefits and Health Program Gaps

OTHER

Meeting held 2025-01-28.

0% fund support · no official result

AGAINST 100%

The 6 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 804,364 against).

AGAINST: 804,364 (100.0%)

Largest asset managers voting on “Shareholder Proposal Regarding Report on Benefits and Health Program Gaps” at VISA INC., 2024-2025
Asset manager	Against	Vote
Cardano Risk Management B.V.	766,026	Against
Impact Asset Management GmbH	28,890	Against
AMERICAN BEACON FUNDS	8,200	Against
Northern Lights Fund Trust IV	675	Against
Virtus	346	Against
PACE SELECT ADVISORS TRUST	227	Against

30. Say on pay

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-01-28.

Combines 2 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%

FOR: 1,230,798,215AGAINST: 101,983,354

The 6 asset managers below cast 100% of the shares they voted on this item FOR (991,807 for, 0 against).

FOR 100%

FOR: 991,807 (100.0%)

Largest asset managers voting on “Say on pay” at VISA INC., 2024-2025
Asset manager	For	Vote
Valley Forge Capital Management, LP	912,017	For
CAPITAL MANAGEMENT CORP /VA	34,023	For
Ramsay, Stattman, Vela & Price, Inc.	25,320	For
Empower	15,800	For
Wallace Capital Management Inc.	3,647	For
ArchPoint Investors	1,000	For

31. COMPENSATION

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-01-28.

100% fund support · no official result

FOR 100%

The 3 asset managers below cast 100% of the shares they voted on this item FOR (7,292 for, 0 against).

FOR: 7,292 (100.0%)

Largest asset managers voting on “COMPENSATION” at VISA INC., 2024-2025
Asset manager	For	Vote
Capital Group	4,815	For
Members Trust Co	2,322	For
Blue Sky Capital Consultants Group, Inc.	155	For

32. Amend Articles Board-Related

DIRECTOR ELECTIONS

Meeting held 2025-01-28.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 31,250 against).

AGAINST: 31,250 (100.0%)

Largest asset managers voting on “Amend Articles Board-Related” at VISA INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Grafton Street Partners Fund, LP	0	29,613	0	0	Against
NORTHERN LIGHTS FUND TRUST III	0	1,637	0	0	Against

33. Director Elections

DIRECTOR ELECTIONS

Meeting held 2025-01-28.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (3,133 for, 0 against).

FOR: 3,133 (100.0%)

Largest asset managers voting on “Director Elections” at VISA INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Members Trust Co	2,322	0	0	0	For
Ballew Advisors, Inc	811	0	0	0	For

34. Elect Director

DIRECTOR ELECTIONS

Meeting held 2025-01-28.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (31,250 for, 0 against).

FOR: 31,250 (100.0%)

Largest asset managers voting on “Elect Director” at VISA INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Grafton Street Partners Fund, LP	29,613	0	0	0	For
NORTHERN LIGHTS FUND TRUST III	1,637	0	0	0	For

35. Political Lobbying Disclosure

DIRECTOR ELECTIONS

Meeting held 2025-01-28.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 31,250 against).

AGAINST: 31,250 (100.0%)

Largest asset managers voting on “Political Lobbying Disclosure” at VISA INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Grafton Street Partners Fund, LP	0	29,613	0	0	Against
NORTHERN LIGHTS FUND TRUST III	0	1,637	0	0	Against

36. SECTION 14A SAY-ON-PAY VOTES

SECTION 14A SAY-ON-PAY VOTES

Meeting held 2025-01-28.

100% fund support · no official result

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR (1,845 for, 0 against).

FOR: 1,845 (100.0%)

Largest asset managers voting on “SECTION 14A SAY-ON-PAY VOTES” at VISA INC., 2024-2025
Asset manager	For	Against	Abstain	Withheld	Vote
Lido Advisors, LLC	926	0	0	0	For
Pinnacle Family Advisors, LLC	919	0	0	0	For

Largest VISA INC. shareholders voting in 2024-2025

Ranked by the number of VISA INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting.

Top VISA INC. shareholders by shares voted, 2024-2025
#	Asset manager	Shares voted
1	Vanguard	168,682,697
2	Fidelity	124,027,905
3	BlackRock	100,413,578
4	Capital Group	90,831,253
5	T. Rowe Price	71,072,035
6	State Street	61,779,335
7	GEODE CAPITAL MANAGEMENT, LLC	38,005,420
8	Charles Schwab	22,945,028
9	AllianceBernstein	21,975,168
10	TCI Fund Management Ltd	16,797,187

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 investment companies and institutional managers disclose how they voted every proxy, 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 02 October 2026; a live search always shows the current data.

At VISA INC.'s shareholder meeting held 2025-01-28, in the 2024-2025 proxy season, 1,918 asset managers reported how they voted in their SEC Form N-PX filings, covering 34,370 separate fund positions. Their filings are grouped here into 36 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — To approve, on an advisory basis, the compensation paid to our named executive officers. — FOR was 92% 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), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: VISA INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).

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