Fiscal Second Quarter 2023 Financial Results
Fiscal Second Quarter 2023 Results (1)
YOY Increase / (Decrease)
GAAP Nominal-Dollar Basis
Non-GAAP Nominal-Dollar Basis(²)
Foreign Currency Impact
Acquisition Impact
Adjusted Constant-Dollar Basis (2)
Adjusted Constant-Dollar Basis
excluding Russia-Related
Results s(2)
VISA
Net
Revenues
11.1%
Fiscal Second Quarter 2023 Financial Results
N/A
~2.0%
~0%
13.0%
17.9%
Client Incentives
as a % of
Gross Revenues
26.7%
N/A
0.0%
26.7%
26.7%
Operating
Expenses
10.9%
12.9%
~0%
(-1.0%)
11.8%
15.2%
Effective Income
Tax Rate
19.3%
19.4%
(0.1%)
19.3%
19.3%
Diluted Class A
Common Stock
Earnings Per Share
19.5%
17.0%
-3.0%
~0.5%
20.9%
(1)
As previously disclosed, in March 2022, we suspended our operations in Russia and therefore our financial highlights from April 2022 through March 2023 do
not include Russia-related results.
Refer to the Non-GAAP and Adjusted Constant-Dollar Results Footnote for further information.
27.3%
Ⓒ2023 Visa. All rights reserved.
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