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Sep 30, 2023
Visa Q4 2023 Earnings Report
Visa's Q4 2023 earnings were reported, showing revenue growth and increased earnings per share.
Key Takeaways
Visa Inc. reported strong Q4 2023 results with net revenues of $8.6 billion, an 11% increase year-over-year. GAAP net income was $4.7 billion, or $2.27 per share, while non-GAAP net income was $4.8 billion, or $2.33 per share. The company saw growth in payments volume, cross-border volume, and processed transactions.
Net revenues increased by 11% to $8.6 billion.
GAAP net income was $4.7 billion, or $2.27 per share.
Non-GAAP net income reached $4.8 billion, or $2.33 per share.
Payments volume and processed transaction growth were stable, while cross-border volume growth remained strong.
Visa
Visa
Visa Revenue by Segment
Revenue by Segment
Service Revenue
CapyFin.comData Processing Revenue
CapyFin.comIntl. Transaction Revenue
CapyFin.comOther Revenue
CapyFin.comClient Incentives Revenue
CapyFin.com Forward Guidance
Visa provided its financial outlook for fiscal year 2024, expecting high single-digit to low double-digit growth in net revenues on a GAAP nominal-dollar basis. The company anticipates approximately flat operating expense growth and high-teens growth in diluted Class A common stock earnings per share. On an adjusted constant-dollar basis, Visa projects low double-digit revenue growth and low-teens earnings per share growth.
Positive Outlook
- High single-digit to low double-digit growth in net revenues (GAAP nominal-dollar basis)
- Approximately flat operating expense growth
- High-teens growth in diluted Class A common stock earnings per share (GAAP nominal-dollar basis)
- Low double-digit revenue growth (Adjusted Constant-Dollar Basis)
- Low-teens earnings per share growth (Adjusted Constant-Dollar Basis)
Challenges Ahead
- Approximately 9% increase in operating expenses (Non-GAAP Adjustments)
- Approximately (5.5%) decrease in diluted Class A common stock earnings per share (Non-GAAP Adjustments)
- Approximately 1% negative impact from foreign currency on net revenues
- Approximately 1.5% negative impact from foreign currency on operating expenses
- Approximately 0.5% negative impact from foreign currency on earnings per share