Core Insights - The 2024 State of AP Report by MineralTree highlights the need for finance organizations to enhance automation in accounts payable (AP) processes to improve efficiency and reduce costs [2][4] - Less than 20% of organizations have fully automated their AP processes, indicating significant room for improvement [5][10] - The report reveals that while many organizations are satisfied with their automation efforts, few are completely satisfied, suggesting ongoing challenges in achieving optimal automation [2][5] Automation and Efficiency - Four out of five finance professionals believe that increasing automation efforts is essential to mitigate inefficiencies caused by manual processes [4] - Organizations that have automated parts of their AP processes report benefits such as faster invoice processing, improved payment cycle times, and increased team productivity [4][5] - The use of Artificial Intelligence (AI) in AP is still limited, with only 20% of businesses currently using or planning to incorporate AI in the next year [6][5] Payment Methods and Trends - There is a notable shift towards digital payment options, with vendors and buyers increasingly favoring methods like ACH and card payments over traditional checks [7] - The desire for timely and accurate payments is driving vendors to accept more digital payment methods [7] Staffing and Work Environment - The return to office mandates, coupled with a shortage of accountants, is raising concerns about staffing and retention in finance teams [8] - Automation is being leveraged to support remote and hybrid work arrangements, enhancing work/life balance for employees [8] Survey Demographics - The report is based on responses from 1,017 finance professionals involved in AP functions, along with 147 vendor organization employees, surveyed between June 17 and August 5, 2024 [9][10] - Respondents represented a diverse range of industries and company sizes, with annual revenues varying from less than $1 million to over $1 billion, and 65% falling between $10 million and $500 million [10]

Core Insights - Global Payments (GPN) reported $2.36 billion in revenue for Q3 2024, a 5.6% year-over-year increase, with an EPS of $3.08 compared to $2.75 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $2.38 billion, resulting in a surprise of -0.89%, while the EPS also missed the consensus estimate of $3.11 by -0.96% [1] Revenue Performance - Non-GAAP Revenues from Merchant Solutions were $1.84 billion, slightly below the average estimate of $1.85 billion, reflecting a 6.7% year-over-year increase [3] - Non-GAAP Revenues from Issuer Solutions were $529.04 million, compared to the average estimate of $546.92 million, marking a 1.8% year-over-year increase [3] - Revenues from Merchant Solutions were reported at $2 billion, matching the average estimate, with a 6% year-over-year increase [3] - Revenues from Issuer Solutions were $621.13 million, below the average estimate of $633.49 million, showing a 2.2% year-over-year increase [3] Operating Income Metrics - Non-GAAP Operating Income from Merchant Solutions was $921.47 million, exceeding the average estimate of $915.32 million [3] - Non-GAAP Operating Income from Issuer Solutions was $240.39 million, below the average estimate of $258.79 million [3] - Operating Income from Merchant Solutions was $707.55 million, surpassing the average estimate of $676.07 million [3] Stock Performance - Shares of Global Payments have returned -1.4% over the past month, while the Zacks S&P 500 composite has increased by 1.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Exhibit 99.1 Global Payments Reports Third Quarter 2024 Results October 30, 2024 • Third quarter 2024 GAAP diluted earnings per share (EPS) of $1.24, a decrease of (11)%, and adjusted EPS of $3.08, an increase of 12% • Third quarter 2024 GAAP revenue of $2.60 billion, an increase of 5%, and adjusted net revenue of $2.36 billion, an increase of 6% • Reaffirms outlook for 2024 • Reaches a definitive agreement to sell AdvancedMD • Enters into $600 million accelerated share repurchase plan ATLANTA -- Global Pay ...

Earnings and Revenue Forecast - Wall Street analysts forecast Global Payments (GPN) to report quarterly earnings of $3 11 per share, a year-over-year increase of 13 1% [1] - Revenues are anticipated to reach $2 38 billion, reflecting a 6 6% increase compared to the year-ago quarter [1] - The consensus EPS estimate for the quarter has been revised downward by 0 2% over the past 30 days [2] Key Metrics Projections - Non-GAAP Revenues for Merchant Solutions are predicted to reach $1 85 billion, a 7 1% increase year-over-year [5] - Non-GAAP Revenues for Issuer Solutions are expected to be $546 92 million, indicating a 5 2% year-over-year increase [5] - Revenues for Issuer Solutions are forecasted at $633 49 million, a 4 2% increase from the prior-year quarter [6] - Revenues for Merchant Solutions are estimated at $2 00 billion, suggesting a 6 2% year-over-year increase [6] - Geographic Revenue for Europe is projected to reach $439 74 million, a 2 9% increase from the year-ago quarter [6] - Geographic Revenue for the Americas is expected to be $2 10 billion, a 5 8% year-over-year increase [7] - Geographic Revenue for Asia Pacific is forecasted at $62 27 million, a 2 2% decrease from the year-ago quarter [7] Operating Income Projections - Non-GAAP Operating Income for Merchant Solutions is predicted to reach $915 32 million, compared to $847 68 million in the same quarter last year [8] - Non-GAAP Operating Income for Issuer Solutions is expected to be $258 79 million, compared to $246 64 million in the same quarter last year [8] - Operating Income for Merchant Solutions is forecasted at $676 07 million, compared to $637 86 million in the same quarter last year [9] - Operating Income for Issuer Solutions is estimated at $119 35 million, compared to $113 88 million in the same quarter last year [9] Stock Performance - Shares of Global Payments have shown a return of -1 9% over the past month, compared to the Zacks S&P 500 composite's +2% change [9] - With a Zacks Rank 3 (Hold), GPN is expected to mirror the overall market performance in the near future [9]

Investors in Global Payments Inc. (GPN) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 01, 2025 $50.00 Call had some of the highest implied volatility of all equity options today. What is Implied Volatility? Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could ...

Core Viewpoint - Global Payments reported strong second-quarter earnings, driven by transaction growth and improved operating performance, although some segments missed consensus estimates [2][3][6][7]. Financial Performance - Adjusted EPS for Q2 2024 was $2.93, beating the Zacks Consensus Estimate of $2.91, and rose 11.8% year over year [2]. - Adjusted net revenues increased 5.5% year over year to $2.32 billion, surpassing the consensus mark of $2.31 billion [2]. - Adjusted operating income rose 6.4% year over year to $1.1 billion, exceeding the estimate of $1 billion, with an adjusted operating margin of 45.2% [4]. Operating Expenses - Total operating expenses were $2 billion, up 7.9% year over year, primarily due to higher selling, general and administrative expenses [5]. - Interest and other expenses decreased 16.9% year over year to $159.2 million [5]. Segment Performance - Merchant Solutions segment reported adjusted revenues of $1.81 billion, a 7.8% increase year over year, driven by double-digit growth in the ISV channel and over 20% growth in the LATAM region [6]. - Issuer Solutions segment had adjusted revenues of $526.5 million, growing 4.2% year over year but missing the consensus estimate [7]. Financial Position - As of June 30, 2024, cash and cash equivalents were $2.1 billion, total assets increased to $50.8 billion, and long-term debt decreased to $15.6 billion [8]. - Total equity declined to $23 billion from $23.3 billion at the end of 2023 [8]. Capital Deployment - The company repurchased shares worth $900 million in the first half of 2024 and declared a quarterly dividend of 25 cents per share [10]. 2024 Outlook - Adjusted net revenues are projected to be between $9.17 billion and $9.30 billion, indicating a 6-7% improvement from 2023 [11]. - Adjusted EPS is expected to be between $11.54 and $11.70, suggesting 11-12% growth from 2023 [12]. Market Position - Global Payments has a subpar Growth Score of D and a Momentum Score of F, but a value grade of B, placing it in the top 40% for this investment strategy [14]. - The stock has a Zacks Rank 3 (Hold), indicating an expected in-line return in the coming months [15].

Core Insights - Global Payments' international operations are crucial for understanding its financial resilience and growth potential [1][2] - The company's ability to tap into international markets is increasingly important for its overall financial health [2][3] Revenue Performance - Total revenue for the quarter was $2.32 billion, reflecting a year-over-year increase of 5.5% [4] - International revenue breakdown shows Europe contributed $434.38 million (18.7%), exceeding analyst expectations of $422.04 million [5] - Asia Pacific accounted for $61.81 million (2.7%), falling short of the expected $64.99 million [6] Future Projections - Analysts project total revenue for the current fiscal quarter to be $2.39 billion, a 6.8% increase year-over-year, with Europe expected to contribute $428.8 million (18%) and Asia Pacific $64.22 million (2.7%) [7] - For the entire year, total revenue is forecasted at $9.23 billion, a 6.5% improvement from the previous year, with Europe contributing $1.65 billion (17.9%) and Asia Pacific $256.26 million (2.8%) [8] Market Dynamics - The reliance on foreign markets presents both opportunities and challenges for Global Payments, necessitating close monitoring of international revenue trends [9][10]

Core Viewpoint - Global Payments Inc. (GPN) reported strong second-quarter 2024 results, with adjusted earnings per share (EPS) of $2.93, exceeding estimates and showing an 11.8% year-over-year increase [1]. Financial Performance - Adjusted net revenues rose 5.5% year over year to $2.32 billion, surpassing the consensus estimate of $2.31 billion [1]. - Adjusted operating income increased 6.4% year over year to $1.1 billion, beating the estimate of $1 billion, with an adjusted operating margin improvement of 40 basis points to 45.2% [3]. - Total operating expenses increased 7.9% year over year to $2 billion, primarily due to higher selling, general and administrative expenses [4]. Segmental Performance - Merchant Solutions segment reported adjusted revenues of $1.81 billion, a 7.8% year-over-year increase, exceeding the estimate of $1.79 billion, driven by double-digit growth in the ISV channel and over 20% growth in the LATAM region [5]. - Issuer Solutions segment had adjusted revenues of $526.5 million, growing 4.2% year over year but missing the consensus estimate of $535.6 million [6]. Financial Position - As of June 30, 2024, the company had cash and cash equivalents of $2.1 billion, total assets of $50.8 billion, and long-term debt of $15.6 billion [7]. - Total equity decreased to $23 billion from $23.3 billion at the end of 2023 [7]. Capital Deployment - The company repurchased shares worth $900 million in the first half of 2024 and declared a quarterly dividend of 25 cents per share, payable on September 27, 2024 [9]. 2024 Outlook - Adjusted net revenues are expected to be between $9.17 billion and $9.30 billion, indicating a 6-7% improvement from 2023 [10]. - Adjusted EPS is anticipated to be between $11.54 and $11.70, suggesting an 11-12% growth from 2023 [11].

Global Payments (GPN) reported $2.32 billion in revenue for the quarter ended June 2024, representing a yearover-year increase of 5.5%. EPS of $2.93 for the same period compares to $2.62 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $2.31 billion, representing a surprise of +0.40%. The company delivered an EPS surprise of +0.69%, with the consensus EPS estimate being $2.91. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Financial Data and Key Metrics Changes - The company achieved adjusted net revenue of $2.32 billion for Q2 2024, reflecting a 6% increase from the prior year, or 7% excluding the impact of the Netspend divestiture [20][21] - Adjusted operating margin increased by 40 basis points to 45.2%, with adjusted earnings per share growing by 12% to $2.93 compared to the same period in 2023 [20][21] - Adjusted free cash flow for the quarter was approximately $680 million, representing a 25% increase year-over-year and a conversion rate of about 91% of adjusted net income [27][28] Business Line Data and Key Metrics Changes - Merchant Solutions generated adjusted net revenue of $1.8 billion, reflecting an 8% growth, with high single-digit growth in the U.S. business and double-digit growth in integrated payments and point-of-sale businesses [21][22] - Issuer Solutions produced adjusted net revenue of $527 million, reflecting over 4% growth, with 8 million new accounts added sequentially [24][26] - The company saw a 50% increase in new ISV partnerships leveraging the PayFabric platform, indicating strong demand for B2B acceptance solutions [7][21] Market Data and Key Metrics Changes - In Europe, the company achieved mid-single-digit organic growth, particularly in faster-growing geographies like Poland and Greece, while LATAM experienced double-digit growth driven by strong payment trends in Mexico [22][23] - The Asia Pacific region faced ongoing macroeconomic weakness, impacting performance [22] Company Strategy and Development Direction - The company is focused on simplifying its portfolio and streamlining operations to enhance customer-centric solutions and drive sustainable growth [32][33] - Investments are being made to maintain leadership in embedded commerce capabilities and to expand into international markets, including Germany and other European countries [13][14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the resilience of the business model, citing diversification across verticals and geographies as a strength amid macroeconomic uncertainty [35][36] - The outlook for adjusted net revenue for the full year is expected to range from $9.17 billion to $9.30 billion, reflecting growth of 6% to 7% over 2023 [29][30] Other Important Information - The company appointed Bob Cortopassi as President and Chief Operating Officer, emphasizing his growth-oriented leadership and experience [20] - The company completed two small tuck-in acquisitions in Europe to enhance strategic positioning [14][15] Q&A Session Summary Question: Thoughts on discretionary vs. nondiscretionary volumes in merchant - Management believes the portfolio is well diversified across discretionary and nondiscretionary verticals, maintaining confidence in the business model's resilience [35][36] Question: Impact of ProFac on ISV signings - ProFac fills a market need for smaller ISVs needing payment facilitation capabilities without taking on full responsibilities, leading to increased signings [37] Question: Merchant volume growth and its drivers - Merchant volume growth was 6%, with a slight sequential decline attributed to macroeconomic factors and the leap year effect [39] Question: Merchant margins and outlook - Merchant margins increased by 30 basis points, outperforming expectations, driven by strong execution and attractive growth trends [40][41] Question: Growth potential in the ISV channel - The ISV channel is seen as a key growth area, with increasing importance of software technology in payment decisions for SMB clients [42][43] Question: Direct sales channel strategy - The company is reorienting its direct sales channel towards technology-enabled solutions, focusing on integrated and point-of-sale software sales [55][56]