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Mar 31, 2023

Visa Q2 2023 Earnings Report

Visa's Q2 2023 financial results reflected growth in net revenues and processed transactions.

Key Takeaways

Visa Inc. reported a strong fiscal second quarter with net revenues of $8.0 billion, an 11% increase year-over-year. GAAP net income was $4.3 billion, or $2.03 per share, while non-GAAP net income was $4.4 billion, or $2.09 per share. The company saw growth in payments volume, cross-border volume, and processed transactions.

Net revenues reached $8.0 billion, up 11% year-over-year.

GAAP net income was $4.3 billion, or $2.03 per share.

Non-GAAP net income was $4.4 billion, or $2.09 per share.

Payments volume, processed transactions, and cross-border volume experienced stable growth.

Total Revenue
$7.99B
Previous year: $7.19B
+11.1%
EPS
$2.09
Previous year: $1.79
+16.8%
Processed transactions
50.1B
Previous year: 44.8B
+11.8%
Cross-border volume growth
24%
Previous year: 38%
-36.8%
Cash and Equivalents
$13.8B

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.