ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN) today announced the pricing of its previously announced offering of $1.75 billion in aggregate principal amount of its 1.50% convertible senior notes due 2031 (the “Convertible Notes”). The Company granted the initial purchasers of the Convertible Notes an option to purchase, for settlement within a 13-day period beginning on, and including, the first date on which the Convertible Notes are issued, up to an additional $250 million aggregate principa ...

Global Payments Inc. (GPN) reported fourth-quarter 2023 adjusted earnings per share (EPS) of $2.65, which beat the Zacks Consensus Estimate of $2.63. The bottom line rose 10% year over year.Adjusted net revenues improved 8% year over year to $2.19 billion.  The top line surpassed the consensus mark of $2.18 billion.The quarterly results were aided by growth in transaction volumes that led to solid contributions from the Merchant Solutions and Issuer Solutions segments. However, the upside was partly offset ...

Financial Performance - For the full year 2023, the company achieved high single-digit adjusted net revenue growth and increased adjusted earnings per share by 12%, despite a more than 400 basis point headwind from the divestiture of the Netspend consumer business [5][39] - Adjusted net revenue for Q4 2023 was $2.19 billion, an increase of 8% from the same period in the prior year, with adjusted operating margin increasing by 30 basis points to 44.8% [26][39] - Adjusted earnings per share for Q4 2023 was $2.65, reflecting a 10% increase compared to the same period in 2022 [26] Business Segment Performance - The merchant segment achieved adjusted net revenue of $1.67 billion for Q4 2023, reflecting growth of 19% or approximately 8% excluding the impact of EVO and dispositions [66] - The issuer solutions business produced adjusted net revenue of $531 million, reflecting growth of 6% or 5% on a constant currency basis, with issuer transactions growing high single digits compared to Q4 2022 [41][68] - The education solutions business expanded internationally, launching MySchoolBucks in Australia and achieving new wins in Canada, Australia, and the UK [17] Market Performance - The company saw double-digit growth in Spain and central Europe, as well as in Poland and Greece, with favorable trends in Latin America [40][19] - The North American market remains a focus, with plans to launch next-generation offerings in the restaurant and retail sectors [36] Company Strategy and Industry Competition - The company is focused on a software-centric approach to drive growth, particularly in integrated payments and B2B capabilities [6][16] - The acquisition of EVO Payments is expected to enhance the company's market position and drive revenue synergies, with a target of $135 million in annual run rate expense synergies within two years [6][67] - The competitive landscape in the U.S. is viewed positively, with pricing rationalization and a focus on profitability among competitors [60] Management Commentary on Operating Environment and Future Outlook - Management expressed cautious optimism regarding consumer spending trends in 2024, acknowledging potential risks to the global economy [24][46] - The company plans to return to a balanced capital allocation approach in 2024, prioritizing share buybacks while reducing debt [45][124] - The outlook for 2024 includes expected adjusted net revenue growth of 6% to 7% and adjusted earnings per share growth of 11% to 12% [72][118] Other Important Information - The company achieved approximately 100% conversion rate of adjusted net income to adjusted free cash flow for the full year 2023 [28] - The company has approximately $3.5 billion of available liquidity and has reduced outstanding debt by more than $1.4 billion since closing the EVO acquisition [42] Q&A Session Summary Question: Guidance for 2024 on top line growth - Management indicated a cautious approach, expecting organic growth of 7% to 8% for the merchant segment, contingent on consumer behavior [53][82] Question: Potential portfolio pruning and M&A activity - Management acknowledged the possibility of portfolio pruning in 2024 but emphasized that any M&A activity must align strategically and be competitive in terms of returns [57][84] Question: Competitive environment assessment - Management feels positive about the competitive landscape, noting rationalized pricing and strong growth in commercial transactions due to the adoption of virtual cards [60][61] Question: Margin guidance and capital allocation - Management expects adjusted operating margin expansion of up to 50 basis points in 2024, balancing margin growth with reinvestment in the business [70][121]

For the quarter ended December 2023, Global Payments (GPN) reported revenue of $2.19 billion, up 8.1% over the same period last year. EPS came in at $2.65, compared to $2.42 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $2.18 billion, representing a surprise of +0.21%. The company delivered an EPS surprise of +0.76%, with the consensus EPS estimate being $2.63.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

07 Adjustments to 2023 GMAP diluted EPS included the renoval of 1) software-related contract liability adjustments described above of $0.00, 2) acquisition related annortiz $3.88, 3) share-based compensation expense of $0.02, 4) ecquisition, integration expense of $122, 5) facilites exit charges of $0.05, 6) equity method investment earnings f our interest in a private equity investment fund of $0.02, 7) discrete tax items of $0.28, 8) gin|loss on business dispositions of $0.40, 9) other inoome and expense ...

Global Payments, a U.S.-based payment processing company, is reportedly nearing a deal to acquire Takepayments, a British payment services provider, in a move to expand its business abroad.The transaction is expected to value Takepayments at over $250 million, although the details of the deal are still being worked out, Reuters reported Tuesday (Feb. 13), citing unnamed sources. Global Payments emerged as the preferred bidder in the sale process, beating out other interested parties.Global Payments did not ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) (State or other jurisdiction of incorporation or organization) 3550 L ...

Global Payments Inc. (GPN) is set to report its fourth-quarter 2023 results on Feb 14, before the opening bell.What Do Estimates Say?The Zacks Consensus Estimate for fourth-quarter earnings per share of $2.63 suggests an 8.7% increase from the prior-year reported figure of $2.42. However, the consensus mark witnessed no upward movement in the past week against one downward estimate revision. The consensus mark for fourth-quarter revenues of $2.2 billion indicates a 7.9% increase from the year-ago reported f ...

Wall Street analysts forecast that Global Payments (GPN) will report quarterly earnings of $2.63 per share in its upcoming release, pointing to a year-over-year increase of 8.7%. It is anticipated that revenues will amount to $2.18 billion, exhibiting an increase of 7.9% compared to the year-ago quarter.The current level reflects a downward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Global Payments (GPN) reports results for the quarter ended December 2023. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 14, 2024, might help the stock move higher if these key numbers are better t ...