Visa Q3 2023 Earnings Report
Key Takeaways
Visa Inc. reported strong fiscal third quarter 2023 results with net revenues of $8.1 billion, a 12% increase year-over-year. GAAP net income was $4.2 billion, or $2.00 per share, and non-GAAP net income was $4.5 billion, or $2.16 per share. The results reflect stable business trends, resilient consumer spending, and growth in payments volume and processed transactions, with cross-border volume benefiting from travel recovery.
Net revenues increased by 12% to $8.1 billion.
GAAP net income was $4.2 billion, an increase of 22%.
Non-GAAP net income was $4.5 billion, an increase of 7%.
Payments volume and processed transaction growth remained relatively stable, while cross-border volume growth was strong.
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
- Future operations
- Prospects
- Developments
- Strategies
- Business growth
Challenges Ahead
- Impact of global economic, political, market, health and social events or conditions
- 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