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 ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Global Payments (GPN) , which belongs to the Zacks Financial Transaction Services industry, could be a great candidate to consider.This electronics payment processing company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 1.51%.For the last re ...

Global Payments Inc. (GPN) recently formed a joint venture with the German bank, Commerzbank, in a bid to benefit the nationwide small and medium-sized business clients of the bank with enhanced digital payment services. The organization formed as a result of the joint venture will be named Commerz Globalpay GmbH and is likely to commence operations in the first half of 2024, upon receiving a nod from the concerned supervisory and antitrust authorities.GPN will hold a 51% share while Commerzbank will hold t ...

ATLANTA & FRANKFURT AM MAIN, Germany--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, and Commerzbank (FRA: CBK), the leading bank for small and medium size German enterprises and a strong partner for corporate clients and private and small-business customers in Germany, today announced a joint venture to offer digital payment solutions to small and medium size business customers across Germany. The new entity, Commerz Globalpa ...

Global Payments Inc. (GPN) benefits on the back of solid segmental contribution, higher transaction volumes, acquisitions and collaborations coupled with a strong financial position. Zacks Rank & Price RallyGlobal Payments currently carries a Zacks Rank #3 (Hold).The stock has gained 23% in the past year compared with the industry’s 18.5% growth. The Zacks Business Services sector and S&P 500 composite gained 21.5% and 25.3%, respectively, in the said time frame.Image Source: Zacks Investment ResearchRobust ...

HSBC is reportedly readying a global payments app to take on companies like Wise and Revolut.Dubbed Zing, the app will first be offered in Great Britain, though the CEO of the bank’s personal banking operation told Bloomberg News on Tuesday (Jan. 2) that the plan is to launch in other countries in the months to come to capture the growing market for wealthier consumers.“Zing has a global ambition,” Nuno Matos said in an interview. “We want to establish ourselves as a global platform for international paymen ...

Forward-Looking Statements The following presentation includes certain "non-GAAP financial measures" as defined in Regulation G under the Securities Exchange Act of 1934. Reconciliations of each of the non-GAAP financial measures to the most directly comparable GAAP measure are included in the appendix attached hereto, except for forward-looking measures where a reconciliation to the corresponding GAAP measures is not available due to the variability, complexity and limited visibility of the items that are ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 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 number: 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jur ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 Commission file number: 001-16111 GLOBAL PAYMENTS INC. (Exact name of registrant as specified in charter) Georgia 58-2567903 (State or other jurisdiction of incorporation or organization) OR 3550 Lenox Road, Atlanta, Georgia 30326 (Address of principal executive offices) (Zip ...

Financial Performance - Consolidated revenues for Q1 2023 increased by 6.3% to $2,292.4 million compared to $2,156.3 million in Q1 2022, driven by higher transaction volumes from digital payment solutions [97]. - Merchant Solutions segment revenues rose by 9.0% to $1,605.6 million, while Issuer Solutions segment revenues increased by 6.2% to $570.9 million; Consumer Solutions segment revenues decreased by 15.0% to $143.7 million due to reduced consumer spending [100][103][104][105]. - Operating income for Q1 2023 was $56.7 million, a decline of 84.9% from $375.9 million in Q1 2022, impacted by a loss on business dispositions of $244.8 million [100][97]. - Consolidated operating income decreased to $56.7 million for the three months ended March 31, 2023, down from $375.9 million in the prior year, with an operating margin of 2.5% compared to 17.4% [110]. - Net loss attributable to Global Payments was $11.0 million for the three months ended March 31, 2023, compared to net income of $244.7 million for the prior year [115]. - Diluted loss per share was $0.04 for the three months ended March 31, 2023, compared to diluted earnings per share of $0.87 for the prior year [116]. Acquisitions and Investments - The company acquired EVO Payments, Inc. for $4.3 billion on March 24, 2023, enhancing its payment technology offerings [91]. - The sale of the consumer portion of the Netspend business was completed for approximately $1 billion, resulting in a loss of $244.8 million recognized in Q1 2023 [91]. - Cash used in investing activities was $4,206.8 million for the three months ended March 31, 2023, primarily for acquisitions totaling $4,046.8 million [124]. - The company continues to invest in new technology solutions and infrastructure to support business growth and enhance operational efficiency [90]. Financing and Capital Structure - The company issued €800 million in senior unsecured notes at 4.875% due March 2031, raising approximately $843.6 million for general corporate purposes [91]. - The company established a $2.0 billion commercial paper program to support acquisitions and other corporate needs [91]. - Financing activities provided net cash of $3,610.8 million during the three months ended March 31, 2023, compared to a net cash usage of $376.3 million in the prior year [125]. - As of March 31, 2023, cash and cash equivalents totaled $2,001.7 million, with $696.2 million available for general purposes [121]. - Interest and other expense increased to $122.9 million for the three months ended March 31, 2023, compared to $93.3 million for the prior year, due to higher average borrowings and interest rates [112]. - Corporate expenses rose to $282.7 million for the three months ended March 31, 2023, compared to $160.3 million for the prior year, driven by acquisition and integration costs [108]. - The company expects capital expenditures to grow at a similar rate as revenue growth for the year ending December 31, 2023 [124]. Debt and Leverage - As of March 31, 2023, the company had outstanding borrowings of $2,323.0 million under the revolving credit facility, with total available commitments of $2.4 billion [136]. - The company established a $2.0 billion commercial paper program in January 2023, with outstanding borrowings of $1,048.6 million at a weighted average annual interest rate of 5.87% as of March 31, 2023 [137][139]. - The required leverage ratio increased to 4.50 to 1.00 due to the acquisition of EVO, remaining in effect for up to eight consecutive quarters [141]. - The company entered into interest rate swap agreements with an aggregate notional amount of $1.5 billion in March 2023 to convert eligible borrowings from a floating rate to a fixed rate [152]. Currency and Economic Impact - Currency fluctuations negatively impacted consolidated revenues by approximately $30.4 million and operating income by approximately $10.7 million in Q1 2023 [93]. - The company has designated €800 million of Euro-denominated senior notes as a hedge against foreign currency exchange rate risk [151]. - The company expects to use proceeds from commercial paper issuances primarily for general corporate purposes, including acquisitions and debt refinancing [138]. Compliance and Internal Controls - The company plans to incorporate EVO's operations into its internal control over financial reporting program following the acquisition completed on March 24, 2023 [155]. - As of March 31, 2023, the company was in compliance with all applicable covenants [141].