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EN
Visa reports GAAP net income of $5.9 billion and non‑GAAP net income of $6.1 billion
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Cryptopolitan
Visa’s non-GAAP net income hit $6.1 billion, translating to $3.17 per share, up by 12% and 15%, respectively.
The revenue reached $10.9 billion, a 15% increase from the same time last year.
Breaking the revenue down: Service revenue came in at $4.8 billion, up 13%.
Other revenue hit $1.2 billion, a huge 33% jump.
By the end of December, Visa said it had $16.9 billion in cash, equivalents, and investment securities, while having 1.93 billion diluted Class A shares outstanding.