secwatch.observer — SEC 8-K summary
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Issuer:     VISA INC. (V)
CIK:        0001403161
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0001403161-23-000069
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1403161/000140316123000069/0001403161-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1403161/000140316123000069/v-20230725.htm
  HTML page:      https://secwatch.observer/filing/0001403161-23-000069

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