New York, February 16, 2026, 10:42 EST — The market is closed.
- Visa shares are set to resume trading Tuesday, coming off a steep drop ahead of the long holiday break.
- Talk of an exchange plan for restricted Class B shares has reignited concerns over both fresh litigation and a possible influx of stock hitting the market.
- U.S. consumer data lands this week, along with fresh Federal Reserve readouts—both are on traders’ radar.
Visa Inc’s stock last closed at $314.08 on Friday, down 3.1%. The shares are set to resume trading Tuesday, with U.S. markets closed Monday for Washington’s Birthday, or Presidents Day. (New York Stock Exchange)
Visa’s years-long U.S. interchange-fee lawsuit is drawing more scrutiny after the decline, along with a corporate maneuver that might someday change how certain restricted shares make their way onto the market.
Visa’s board has cleared the way for a new exchange offer on its outstanding Class B common stock, pending a set of conditions, the company said in a regulatory filing. The move, which gives holders a chance to swap one share class for another, hinges on progress in the ongoing U.S. “covered litigation” tied to interchange reimbursement fees. Visa plans to file a Form S-4 registration statement once those boxes are checked, though the timeline also depends on SEC review and market factors. (SEC)
Visa’s investor documents indicate that Class B shares are typically locked up, with transfers only permitted after an “Escrow Termination Date” spelled out in its charter. By contrast, Class C shares don’t face any such restrictions. Under the exchange offer Visa has put forward, owners of Class B-1 and B-2 would be able to convert into a package that includes freely tradable Class C shares. (Visa Investor Relations)
Visa shares dipped again Friday, marking two straight sessions in the red as volume swelled to roughly 11.5 million shares, according to MarketWatch data. Mastercard dropped 1.7%, with American Express down 1.6% for the day, putting pressure across the card sector before the break. (MarketWatch)
Visa on Monday published data from the Milano Cortina 2026 Winter Olympics’ kickoff weekend, showing higher numbers for international visitors and spending in the host areas, according to VisaNet. “The positive economic impact that major global events can deliver for local communities” was clear in the numbers, said Antony Cahill, Visa Europe’s chief executive. (Visa Investor Relations)
Investors get another look at cross-border travel and card spending figures here, data closely tracked by payment networks for signals on volume trends.
But there’s a catch for the shares: the exchange program isn’t a done deal—it’s conditional, and both court and regulatory hurdles could be delayed. If the process goes through and more shares hit the market, that could spark a short-term drag if buyers don’t show up.
Once trading kicks back in, macro drivers are back in focus. Tuesday features U.S. retail sales numbers alongside the Empire State manufacturing survey. The Fed drops its latest meeting minutes on Wednesday. More U.S. data is lined up as the week rolls on. (Scotiabank)
Visa shares come back into focus Tuesday, with investors watching to see if the stock finds its footing following Friday’s drop. Attention now shifts to upcoming court dates and filing deadlines that could turn the Class B exchange plan from a rough sketch into a real calendar item.
