The company said net revenues for the fiscal first quarter ended December 31, 2023 rose to $8.6 billion, up 9%, and GAAP net income rose to $4.9 billion ($2.39 per share), up 17% and 20%, respectively.

1. 01

   The company said net revenues for the fiscal first quarter ended December 31, 2023 rose to $8.6 billion, up 9%, and GAAP net income rose to $4.9 billion ($2.39 per share), up 17% and 20%, respectively.

2. 02

   The company said prior-year results included a litigation provision of $341 million related to the interchange multidistrict litigation (MDL) case and net losses on equity investments of $106 million. Excluding these items, non-GAAP net income rose 8% to $4.9 billion ($2.41 per share), an increase of 11% per share.

3. 03

   The company said payments volume for the three months ended December 31, 2023 rose 8% on a constant-dollar basis, and cross-border volume excluding intra-Europe rose 16%. Processed transactions totaled 57.5 billion, up 9%.

4. 04

   The company said it repurchased 14.0 million shares of class A common stock for $3.4 billion during the 3 months ended December 31, 2023, and that $26.4 billion remained available for repurchases as of that date. Its board declared a quarterly cash dividend of $0.520 per share.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

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

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