Visa Inc. Reports Fiscal Second Quarter 2023 Results San Francisco, CA, April 25, 2023 – Visa Inc. (NYSE: V)
GAAP net income of $4.3B or $2.03 per share and non-GAAP net income of $4.4B or $2.09 per share
Net revenues of $8.0B, an increase of 11% and 13% on a constant-dollar basis
Share repurchases and dividends of $3.2B
Net revenues in the fiscal second quarter were $8.0 billion, an increase of 11%, driven by the year-over-year growth in payments volume, cross-border volume and processed transactions. Net revenues increased 13% on a constant-dollar basis.
Payments volume for the three months ended December 31, 2022, on which fiscal second quarter service revenues are recognized, increased 7% over the prior year on a constant-dollar basis.
Payments volume for the three months ended March 31, 2023, increased 10% over the prior year on a constant-dollar basis. Cross-border volume excluding transactions within Europe, which drive our international transaction revenues, increased 32% on a constant-dollar basis for the three months ended March 31, 2023.
Total cross-border volume on a constant-dollar basis increased 24% in the quarter.
Total processed transactions, which represent transactions processed by Visa, for the three months ended March 31, 2023, were 50.1 billion, a 12% increase over the prior year.
https://www.sec.gov/Archives/edgar/data/1403161/000140316123000027/q22023earningsrelease.htm
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