secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0001403161-23-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000140316123000010/0001403161-23-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000140316123000010/v-20230124.htm
  HTML page:      https://secwatch.observer/filing/0001403161-23-000010

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