Financial Data and Key Metrics Changes - The company reported adjusted net revenue of $2.18 billion for Q1 2024, reflecting a 7% increase from the same period in the prior year [48] - Adjusted earnings per share reached $2.59, an increase of 8% compared to the same period in 2023 [11] - Adjusted operating margin for the quarter increased by 40 basis points to 43.5%, with an 80 basis point increase when excluding the impact of acquisitions and dispositions [11] Business Line Data and Key Metrics Changes - The merchant solutions business experienced solid organic growth, driven by differentiated capabilities across partnered ISV, vertical markets, and point-of-sale businesses [4] - The issuer solutions business produced adjusted net revenue of $516 million, reflecting a growth of 5% [26] - The adjusted operating margin for the issuer solutions segment increased to 46.8%, up 290 basis points compared to the prior year [13] Market Data and Key Metrics Changes - The company saw a nearly 50% increase in new Heartland POS customers leveraging customer engagement and loyalty solutions compared to the prior year [5] - In the UK, the company successfully leveraged its strong payment proposition to sell software solutions, particularly in higher education [8] - The company signed several large new customers in Mexico, including leading insurance and retail companies, indicating strong demand in the region [22] Company Strategy and Development Direction - The company is focused on advancing its software-centric strategy and simplifying its business to support sustainable long-term growth [54] - There is a commitment to enhancing software solutions by embedding payments to drive incremental growth and differentiation [6] - The company aims to capitalize on the growing demand for embedded payments globally, particularly in markets where such solutions are still developing [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business's positioning for the year, expecting adjusted net revenue to range from $9.17 billion to $9.30 billion, reflecting growth of 6% to 7% over 2023 [28] - The company anticipates a foreign currency headwind of approximately $20 million in Q2, which may impact the second half of the year [28] - Management noted that the competitive landscape is more constructive than in previous years, with ongoing strength in the consumer market [62] Other Important Information - The company invested $145 million in capital expenditures during the quarter, with expectations for capital spending to be around $670 million for 2024 [27] - The integration of EVO Payments is progressing well, with expectations to achieve $135 million in annual run rate expense synergies within two years [12] Q&A Session Summary Question: Can you provide more color on the growth areas in the merchant business? - Management highlighted strong growth in the ISV space and emphasized the importance of partner growth and lead conversion [38] Question: What are the margin dynamics in the merchant business? - Management indicated that overall volume growth aligns with revenue growth, and they expect to see margin improvements as they execute on synergies from the EVO transaction [36][66] Question: How is the company addressing the competitive landscape? - Management noted that they are seeing good demand for embedded payments and are focused on driving growth through technology enablement [42][62] Question: What is the outlook for the issuer solutions segment? - Management expressed optimism about the issuer business, highlighting successful contract executions and a strong implementation pipeline [70][78] Question: How are the investments in EVO's technology impacting margins? - Management stated that investments are necessary to enhance technology reliability and stability, which will support margin improvements in the future [124][126]

Global Payments (GPN) reported $2.18 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 6.6%. EPS of $2.59 for the same period compares to $2.40 a year ago.The reported revenue represents a surprise of +0.71% over the Zacks Consensus Estimate of $2.17 billion. With the consensus EPS estimate being $2.57, the EPS surprise was +0.78%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 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 March 31, 2024 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 jurisdi ...

COPYRIGHT GLOBAL PAYMENTS 2024 ALL RIGHTS RESERVED globalpavments 1Q 2024 Earnings globalpayments Innovation that delivers. This presentation contains certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and markets in which we operate, and beliefs of and assumptions made by our management, involve ri ...

Exhibit 99.1 Global Payments Reports First Quarter 2024 Results 1 • First quarter 2024 GAAP diluted earnings per share (EPS) of $1.22 and adjusted EPS of $2.59 • First quarter 2024 GAAP revenue of $2.42 billion, an increase of 6%, and adjusted net revenue of $2.18 billion, an increase of 7% • Reaffirms outlook for 2024 • Received EU regulatory approval for Commerzbank joint venture • GAAP revenues were $2.42 billion, compared to $2.29 billion in 2023; diluted earnings (loss) per share were $1.22, compared t ...

In its upcoming report, Global Payments (GPN) is predicted by Wall Street analysts to post quarterly earnings of $2.57 per share, reflecting an increase of 7.1% compared to the same period last year. Revenues are forecasted to be $2.17 billion, representing a year-over-year increase of 6%.The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over ...

dem10 Global Payments (NYSE:GPN) is a leading provider of payments technology and software solutions. In our view, the company is well-positioned to benefit from the ongoing shift away from cash to digital payments, as well as an ongoing expansion into higher growth markets and increasing benefits from greater economies of scale in its issuer business. That said, we also recognize the risks associated with the increasingly intense competition in payments, as well as integration risk related to the compa ...

Global Payments Inc. (GPN) is slated to release first-quarter 2024 results on May 1, 2024, before the opening bell. The company continues to be aided by higher transaction volumes, strategic acquisitions, technological innovations and expanding international operations.Q1 EstimatesThe Zacks Consensus Estimate for GPN’s first-quarter earnings per share is pegged at $2.57, which indicates an improvement of 7.1% from the year-ago quarter’s reported figure.The consensus mark for revenues is $2.2 billion, sugges ...

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 36.7% in the past year compared with the industry’s 29.5% growth. The Zacks Business Services sector and S&P 500 Composite gained 31.2% and 32.1%, respectively, in the said time frame.Image Source: Zacks Investment ResearchRisi ...

It has been about a month since the last earnings report for Global Payments (GPN) . Shares have lost about 4.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Global Payments due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Global Payments Beats Q4 Earnings on ...