The company said total revenue in 2023 rose $1,356 million (8%) from 2022, and operating income grew $1,274 million (34%), lifting the operating margin to 26.3%, up 520 basis points.

1. 01

   The company said total revenue in 2023 rose $1,356 million (8%) from 2022, and operating income grew $1,274 million (34%), lifting the operating margin to 26.3%, up 520 basis points.

2. 02

   The company said revenue rose $840 million (12%) in the Acceptance segment and $434 million (7%) in the Payments segment in 2023, while the Fintech segment was roughly flat in 2022. The company cited the effect of a 8% decrease from foreign currency exchange rate fluctuations as offsetting the Acceptance segment's growth.

3. 03

   The company said it sold $1.8 billion of senior notes in a public offering in March 2023, $2.0 billion in May and 800 million Euros in August. It also repurchased $4.7 billion of common stock in 2023.

4. 04

   The company said operating cash flow rose 12% to $5.2 billion in 2023 from $4.6 billion in 2022. It cited improved profitability and the related cash flows as the drivers of the increase, partially offset by higher working capital use. Capital expenditures were about 7% of total revenue.

Key figures

Fiscal year ended December 31, 2023

Revenue

$19.1B

Operating income

$5.0B

Net income

$3.1B

EPS

$4.98

Operating cash flow

$5.2B

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.