Fiscal First Quarter 2023 Financial Results
Fiscal First 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
12.4%
Fiscal First Quarter 2023 Financial Results
N/A
~3.0%
(-0.5%)
14.7%
19.2%
Client Incentives
as a % of
Gross Revenues
26.0%
N/A
0.1%
26.1%
26.1%
Operating
Expenses
24.7%
15.3%
-1.5%
(-3.0%)
14.1%
17.4%
Effective Income
Tax Rate
16.0%
16.5%
0.0%
16.5%
16.5%
Diluted Class A
Common Stock
Earnings Per Share
8.4%
20.6%
-3.5%
~1.0%
25.0%
(1)
As previously disclosed, in March 2022, we suspended our operations in Russia and therefore our financial highlights from April 2022 through December 2022
do not include Russia-related results.
(2) Refer to the Non-GAAP and Adjusted Constant-Dollar Results Footnote for further information.
30.6%
Ⓒ2023 Visa. All rights reserved.
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