Visa Inc. (V) SEC Filing 10-K Annual report for the fiscal year ending Saturday, September 30, 2017

Earnings Press Release
10-K Annual Report
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Visa Inc.
Ticker: V CIK: 1403161

Exhibit 99.1

Visa Inc. Reports Strong Fiscal Fourth Quarter and Full-Year 2017 Results

San Francisco, CA, October 25, 2017 - Visa Inc. (NYSE: V) today announced financial results for the Company’s fiscal fourth quarter and full year 2017, ended September 30, 2017.

Fiscal Fourth Quarter:


•	GAAP net income of $2.1 billion or $0.90 per share


•	Net operating revenues of $4.9 billion, an increase of 14%, driven by continued growth in payments volume, cross-border volume and processed transactions


•	Payments volume growth, on a constant dollar basis and excluding Europe co-badge volume, was 10% over the prior year


•	Cross-border volume growth, on a constant dollar basis, was 10% over the prior year


•	Total Visa processed transactions increased 13% over the prior year


•	Returned approximately $2.1 billion of capital to shareholders in the form of share repurchases and dividends

Fiscal Full Year:


•	GAAP 2017 net income of $6.7 billion or $2.80 per share and adjusted full-year net income of $8.3 billion or $3.48 per share


•	2017 net operating revenues of $18.4 billion, an increase of 22%, driven by inclusion of Visa Europe and continued growth in payments volume, cross-border volume and processed transactions


•	Payments volume growth, on a constant dollar basis and excluding Europe co-badge volume, was 30% over the prior year, or 11% inclusive of Visa Europe in prior year's results


•	Cross-border volume growth, on a constant dollar basis, was 80% or 11% inclusive of Visa Europe in prior year's results


•	Total Visa processed transactions increased 34% over the prior year, or 13% inclusive of Visa Europe in prior year's results


•	Returned approximately $8.5 billion of capital to shareholders in the form of share repurchases and dividends

“Visa ended our fiscal year as we began, with strong growth across payments volume, cross-border volume and processed transactions, which was bolstered by the addition of Visa Europe,” said Alfred F. Kelly, Jr., Chief Executive Officer of Visa Inc. “We’re very pleased with our progress in Europe and will continue to make strategic investments that will further strengthen our franchise there and globally. As we look ahead to fiscal 2018, we are positioned for sustained growth and remain confident in our ability to continue delivering strong shareholder value.”

The following information was filed by Visa Inc. (V) on Wednesday, October 25, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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