Visa Q1 FY2023: GAAP EPS $1.99, non-GAAP $2.18; revenue $7.9B (+12%); CEO transition to McInerney Feb 1

VISA INC.

Net revenues $7.9B, up 12% YoY (15% constant dollar); payments volume +7%, processed transactions +10%.
GAAP net income $4.2B (EPS $1.99); non-GAAP net income $4.6B (EPS $2.18), up 17% and 21% respectively.
Returned $4.0B to shareholders: $3.1B in buybacks (15.6M shares at avg $198.74) and quarterly dividend $0.45/share.
CEO succession: Ryan McInerney becomes CEO Feb 1; Al F. Kelly Jr. becomes Executive Chairman.
Recorded $341M litigation provision for interchange MDL case; $350M deposited into litigation escrow.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

VISA INC. reported fiscal first quarter ended December 31, 2022 results: revenue $7.9B, net income $4.2B, EPS $1.99 per share.

Period: fiscal first quarter ended December 31, 2022
Revenue: $7.9B
Net income: $4.2B
EPS: $1.99 per share
Result: reported results

Exact text from the filing

Visa Inc. Reports Fiscal First Quarter 2023 Results San Francisco, CA, January 26, 2023 – Visa Inc. (NYSE: V) • GAAP net income of $4.2B or $1.99 per share and non-GAAP net income of $4.6B or $2.18 per share • Net revenues of $7.9B, an increase of 12% and 15% on a constant-dollar basis

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VISA INC. filing history →

Source: SEC EDGAR

accession 0001403161-23-000010

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