Visa Q3 fiscal 2023: GAAP EPS $2.00, revenue $8.1B (+12%), cross-border volume +22%

VISA INC.

GAAP net income $4.2B ($2.00 EPS) +22%; non-GAAP net income $4.5B ($2.16 EPS) +7%.
Net revenues $8.1B (+12%); payments volume +9%, cross-border ex-Europe +22%, processed transactions +10%.
Recorded $456M litigation provision for interchange MDL case, reducing GAAP net income.
Signed $1B cash acquisition of Pismo, cloud-native issuer processor; expected close by end of 2023.
Quarterly dividend declared at $0.45 per share; Chris Suh appointed CFO effective Aug 1, 2023.

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VISA INC. reported third quarter ended June 30, 2023 results: revenue $8.1 billion, net income $4.2 billion, EPS $2.00 per share.

Period: third quarter ended June 30, 2023
Revenue: $8.1 billion
Net income: $4.2 billion
EPS: $2.00 per share
Result: reported results

Exact text from the filing

was approxima tely 11% on a constant-dollar basis. All references to earnings per share assume fully-diluted class A share count. Net revenues in the fiscal third quarter were $8.1 billion, an increase of 12%, driven by the year-over-year growth in payments volume, cross-border volume and processed transactions. Net revenues increased 13% on a constant-dollar

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Source: SEC EDGAR

accession 0001403161-23-000069

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