The company reported net revenue of $8.8 billion (up 10%) for fiscal 2024 Q2 (ended March 31), GAAP net income of $4.7 billion ($2.29 per share), and non-GAAP net income of $5.1 billion ($2.51 per share).

1. 01

   The company reported net revenue of $8.8 billion (up 10%) for fiscal 2024 Q2 (ended March 31), GAAP net income of $4.7 billion ($2.29 per share), and non-GAAP net income of $5.1 billion ($2.51 per share).

2. 02

   The company said its current-period GAAP net income included special items of $424 million for the litigation provision associated with the injunctive relief class of the interchange multidistrict litigation case and other legal matters, and $57 million for lease consolidation costs.

3. 03

   The company said payments volume grew 8% on a constant-dollar basis over the prior year, cross-border volume rose 16%, and processed transactions totaled 55.5 billion, up 11%, for the 3 months ended March 31, 2024.

4. 04

   The company said it repurchased 9.7 million shares of class A common stock at an average price of $280.80 for $2.7 billion for the 3 months ended March 31, 2024, and that $23.6 billion remained under its authorized repurchase funds. It also 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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