Visa Inc. Q4 2016 Financial Results Earnings

Visa reported solid fiscal fourth quarter 2016 results with net operating revenues of $4.3 billion, up 19% year-over-year. GAAP quarterly net income reached $1.9 billion with $0.79 diluted earnings per share, while adjusted net income was $1.9 billion or $0.78 per share excluding special items. The company repurchased 20.5 million shares at an average price of $80.76 per share.