GAAP net income was $430 million or $0.18 per share including special items related to the legal entity reorganization of Visa Europe.
Adjusted net income of $2.1 billion or $0.86 per share excluding special items related to the legal entity reorganization of Visa Europe.
Net operating revenue of $4.5 billion, an increase of 23%, driven by inclusion of Europe and continued growth in payments volume, cross-border volume and processed transactions.
POST forecast was EPS $0.79 and revenue $4.30 billion.
Payments volume growth, on a constant dollar basis, was 37% over the prior year at $1.7 trillion.
Cross-border volume growth, on a constant dollar basis, was 132% or 11% inclusive of Europe in prior year results.
Total Visa processed transactions were 26.3 billion, a 42% increase over the prior year, or 12% growth inclusive of Europe in prior year results.
Newly-formed Visa Foundation funded with contribution of $192 million.
Returned approximately $2.1 billion of capital to shareholders in the form of share repurchases and dividends.
Board authorized a new $5.0 billion class A common stock share repurchase program. ■
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