Visa
Q1 2023 Earnings Call
Jan 26, 2023, 5:00 p.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Welcome to Visa's fiscal first quarter 2023 earnings conference call. All participants are in a listen-only mode until the question-and-answer session. Today's conference is being recorded. [Operator instructions] I would now like to turn the conference over to your host, Ms.
Jennifer Como, senior vice president and global head of investor relations. Ms. Como, you may begin.
Jennifer Como -- Senior Vice President, Head of Global Investor Relations
Thanks, Jordyn. Good afternoon, everyone, and welcome to Visa's fiscal first quarter 2023 earnings call. Joining us today are Al Kelly, Visa's chairman and chief executive officer; Vasant Prabhu, Visa's vice chair and chief financial officer; and Ryan McInerney, who will become the chief executive officer of Visa next week. This call is being webcast on the Investor Relations section of our website at investor.visa.com.
A replay will be archived on our site for 30 days. A slide deck containing financial and statistical highlights has been posted on our IR website. Let me also remind you that this presentation includes forward-looking statements. These statements are not guarantees of future performance, and our actual results could differ materially as the result of many factors.
Additional information concerning those factors is available in our most recent reports on Form 10-K, which you can find on the SEC's website and the Investor Relations section of our website. For non-GAAP financial information disclosed in this call, the related GAAP measures and reconciliation are available in today's earnings release. And with that, let me turn the call over to Al.
Al Kelly -- Chairman and Chief Executive Officer
Jennifer, thank you, and good afternoon, everybody, and thank you for joining us. Visa's performance in the first quarter of 2023 reflects stable domestic volumes and transactions and a continued recovery of cross-border travel. Total Q1 payments volume was up 7% year over year or 135% versus three years ago, flat with Q4. Excluding Russia and China, payment volume was up 12% or 146% of 2019.
U.S. Q1 payments volume was up 9% year over year or 144% of 2019, down one point from Q4. International volume, excluding Russia and China, was up 15% or 147% of 2019, up one point from Q4. Q1 cross-border volumes, excluding intra-Europe, grew 31% year over year and 132% versus three years ago, up five points from Q4.