Visa Inc. announces unaudited consolidated earnings results for the first quarter ended December 31, 2018. For the quarter, the company reported $5,506 million against $4,862 million a year ago. Operating income was $3,717 million against $3,327 million a year ago. Net income was $2,977 million against $2,522 million a year ago. Basic earnings per share for the class A common stock was $1.30 against $1.07 a year ago. Basic earnings per share for the class B common stock was $2.12 against $1.77 a year ago. Basic earnings per share for the class C common stock was $5.20 against $4.30 a year ago.

For the full year of 2019, the company expects annual net revenue growth in low double-digits on a nominal basis, with approximately 1 percentage point of negative foreign currency impact and de minimus impact from the new revenue accounting standard. Annual diluted class A common stock earnings per share growth: High teens on a GAAP nominal dollar basis and mid- teens on an adjusted, non-GAAP nominal dollar basis.