Visa reported a 9% increase in net revenue to $9.6 billion, driven by growth in payments volume, cross-border volume, and processed transactions. GAAP net income was $4.6 billion, a 2% decrease from the prior year, while non-GAAP net income rose 6% to $5.4 billion. The company also announced a new $30 billion share repurchase program.
Net revenue increased 9% to $9.6 billion, with 11% growth on a constant-dollar basis.
GAAP net income decreased 2% to $4.6 billion, while non-GAAP net income rose 6% to $5.4 billion.
Processed transactions grew 9% to 60.7 billion, and cross-border volume increased 13%.
The board authorized a new $30 billion multi-year share repurchase program.
Visa remains optimistic about its diversified business model and focus on innovation, despite macroeconomic uncertainties.
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