Visa Q1 2023 Earnings Report
Key Takeaways
Visa Inc. reported a 12% increase in net revenues, reaching $7.9 billion for the fiscal first quarter of 2023. GAAP net income was $4.2 billion, or $1.99 per share, while non-GAAP net income was $4.6 billion, or $2.18 per share. The company saw stable payments volume and processed transaction growth, along with a continued recovery in cross-border travel. Visa returned $4.0 billion to shareholders through share repurchases and dividends.
Visa's net revenues grew by 12% year-over-year, totaling $7.9 billion.
GAAP net income reached $4.2 billion, or $1.99 per share.
Non-GAAP net income was $4.6 billion, or $2.18 per share.
The company returned $4.0 billion to shareholders through share repurchases and dividends.
Visa
Visa
Visa Revenue by Segment
Forward Guidance
The earnings release and related materials contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 that relate to, among other things, our future operations, prospects, developments, strategies, business growth and anticipated timing and benefits of our acquisitions.
Positive Outlook
- Our future operations
- Prospects
- Developments
- Strategies
- Business growth and anticipated timing and benefits of our acquisitions
Challenges Ahead
- impact of global economic, political, market, health and social events or conditions, including the war in Ukraine and the sanctions and other measures being imposed in response, and the ongoing effects of the COVID-19 pandemic, including the reopening of borders and resumption of international travel
- increased oversight and regulation of the global payments industry and our business
- impact of government-imposed obligations and/or restrictions on international payment systems
- outcome of tax, litigation and governmental investigation matters
- increasingly intense competition in the payments industry, including competition for our clients and merchants