Fiscal Fourth Quarter Results: • GAAP net income of $3.6B or $1.65 per share and non-GAAP net income of $3.5B or $1.62 per share • Net revenues of $6.6B, an increase of 29%. Net revenues growth would have been approximately 22% if service revenues were recognized on current quarter's payments volume
Fiscal Full-Year Results: • GAAP net income of $12.3B or $5.63 per share and non-GAAP net income of $12.9B or $5.91 per share • Net revenues of $24.1B, an increase of 10%
Other Highlights: • Indexed to 2019, fiscal fourth quarter payments volume, cross-border volume and processed transactions all increased from fiscal third quarter levels • Returned $3.7B and $11.5B of capital to shareholders for fiscal fourth quarter and full-year, respectively, in the form of share repurchases and dividends • The board of directors increased Visa's quarterly cash dividend 17% to $0.375 per share
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