Visa Q4 net revenue rose 11% to $8.6 billion; GAAP EPS up 22% to $2.27
Visa reported fiscal fourth-quarter 2023 net revenues of $8.6 billion, up 11%, and GAAP earnings per share of $2.27, up 22%, after a $109 million litigation provision. The board raised the quarterly dividend 16% to $0.520 per share and authorized a new $25.0 billion multi-year share repurchase program, while the company also gave a fiscal 2024 outlook.
- Q4 net revenues $8.6 billion, up 11%; GAAP net income $4.7 billion, up 19%
- Full-year net revenues $32.7 billion, up 11%; full-year GAAP EPS $8.28, up 18%
- Quarterly dividend raised 16% to $0.520 per share, payable December 1, 2023, to holders of record as of November 9, 2023
- New $25.0 billion multi-year class A share repurchase program authorized in October