Visa (V) FY2023 results: revenue $32.7 billion, up 11.4% on the year
Visa Inc. (V) reported revenue of $32.7 billion for fiscal 2023, the year ended 30 September 2023, up 11.4% on the year before. Net income was $17.3 billion, up 15.5%, and diluted earnings per share $8.28. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2023.
Revenue
$32.7 billion
+11.4% on the year
FY2016FY2023
Operating margin
64.3%
64.2% a year earlier
FY2016FY2023
Net income
$17.3 billion
+15.5% on the year
FY2016FY2023
Diluted EPS
$8.28
+18.3% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
20,755
18,849
15,227
+10.1%
Capital expenditure
1,059
970
705
+9.2%
Free cash flow
19,696
17,879
14,522
+10.2%
Free cash flow margin
60.3%
61.0%
60.2%
Cash from investing
-2,006
-4,288
-152
Cash from financing
-17,772
-12,696
-14,410
Depreciation and amortisation
943
861
804
+9.5%
Share-based compensation
765
602
542
+27.1%
Buybacks
12,101
11,589
8,676
+4.4%
Dividends paid
3,751
3,203
2,798
+17.1%
Dividend per share
$0.45
$0.38
$0.32
+20.0%
Diluted shares, weighted
2,085m
2,136m
2,188m
-2.4%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
38,733
35,581
37,589
+8.9%
Debt
20,463
22,450
20,977
-8.9%
Operating lease liabilities
412
422
471
-2.4%
Other liabilities
30,891
27,048
23,859
+14.2%
Total liabilities and equity
90,499
85,501
82,896
+5.8%
Fixed assets
3,425
3,223
2,715
+6.3%
Goodwill
17,997
17,787
15,958
+1.2%
Intangible assets
26,104
25,065
27,664
+4.1%
Investments
1,921
2,136
1,705
-10.1%
Cash and equivalents
16,286
15,689
16,487
+3.8%
Receivables
2,291
2,020
1,968
+13.4%
Other assets
22,475
19,581
16,399
+14.8%
Total assets
90,499
85,501
82,896
+5.8%
10-K for the year ended 30 September 2023, filed 15 November 2023: the filing.