Global Payments (GPN) Reports Q3 Earnings: What Key Metrics Have to Say

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]