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VISA Visa Inc. Reports Fiscal Third Quarter 2021 Results San Francisco , CA , July 27 , 2021 – Visa Inc. ( NYSE : V ) GAAP net income of $ 2.6B or $ 1.18 per share and non - GAAP net income of $ 3.3B or $ 1.49 per share Net revenues of $ 6.1B , an increase of 27 % . Net revenues growth would have been 39 % if service revenues were recognized on current quarter's payments volume Our key business driver growth rates increased significantly from the COVID - 19 impacted levels in 2020 , making year - over - year comparisons difficult to interpret Indexed to 2019 , fiscal third quarter payments volume , cross - border volume and processed transactions all accelerated from the fiscal second quarter Returned $ 2.9B of capital to shareholders in the form of share repurchases and dividends Income Statement Summary In billions , except percentages and per share data . % change is calculated over the comparable prior - year period . Net Revenues GAAP Net Income GAAP Earnings Per Share Non - GAAP Net Income ( 1 ) USD % Change $ 6.1 27 % $ 2.6 9 % $ 1.18 10 % $ 3.3 39 % Non - GAAP Earnings Per Share ( ¹ ) $ 1.49 41 % ( 1 ) Non - GAAP results exclude a special item , equity investment gains and losses , amortization of acquired intangible assets , non - recurring acquisition - related costs and the related tax impacts . Key Business Drivers YoY increase / ( decrease ) , volume in constant dollars Payments Volume Cross - Border Volume Excluding Intra - Europe ( ¹ ) Cross - Border Volume Total Q3 2021 Processed Transactions ( 1 ) Cross - border volume excluding transactions within Europe . : // Q3 2021 34 % 53 % 47 % 39 % Alfred F. Kelly , Jr. , Chairman and Chief Executive Officer , Visa Inc. , commented on the results : " Visa delivered another strong quarter as many key economies are well into a reopening - driven recovery . This was best demonstrated by credit and face - to - face spending bouncing back while debit and eCommerce volumes remained robust from accelerated cash digitization sparked by the pandemic . Additionally , cross border travel spending improved as vaccination rates rose and more borders opened . Visa grew net revenues 27 % and non - GAAP EPS 41 % while continuing to make investments in strategies that will drive future growth . "