Fiscal Third Quarter 2022 Financial Results
Fiscal Third Quarter 2022 Results (1)
Client Incentives
YoY Increase (Decrease)
Net
Revenues
as a % of
Gross Revenues
Operating
Effective Income
Expenses
Tax Rate
Diluted Class A
Common Stock
Earnings Per Share
GAAP Nominal-Dollar Basis
19%
26.1%
51%
10.9%
36%
Non-GAAP Nominal-Dollar Basis (2)
N/A
N/A
15%
13.3%
33%
Foreign Currency Impact
-3%
~2%
~3.5%
Acquisition Impact
(~0.5%)
0.1%
(-3%)
(0.1%)
~1%
Adjusted Constant-Dollar Basis (2)
21%
26.2%
14%
13.2%
37%
Adjusted Constant-Dollar Basis
excluding Russia-Related
26%
26.1%
16%
13.2%
44%
Results (2)
(1) In March 2022, Visa suspended our operations in Russia. As a result, we are no longer generating revenue from domestic and cross-border activities related
to Russia.
(2)
Refer to Non-GAAP and Adjusted Constant-Dollar Results Footnote and GAAP to Non-GAAP Operating Expenses Results for further information.
VISA
Fiscal Third Quarter 2022 Financial Results
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