Visa
$V just reported its Q3 earnings:
Net revenue: $12.1–12.14, up ~13% vs. consensus of ~$12.90B ✅️
Adjusted/non-GAAP EPS: $3.48, vs consensus of ~$3.44 up ~17% ✅️
GAAP EPS: $3.19 (up ~22% YoY).
GAAP net income: $6.0 billion, up ~18% YoY.
Key volume drivers (constant-dollar basis):
Payments volume: +9%
Cross-border volume: +14%
Processed transactions: ~74.2 billion
Other notes: Operating margin (GAAP) around 60%; client incentives grew faster than revenue in the quarter.
Shareholder returns (buybacks + dividends) were ~$5.2 billion. ✅️