Global Payments celebrates M&A regulatory wins

Core Insights - Global Payments reported a net revenue of $2.43 billion for the quarter ending September 30, reflecting a 6% increase year-over-year, with earnings per share rising 11% to $3.26, surpassing analyst expectations [1][2] - The company affirmed a full-year net revenue growth forecast of 5-6% and EPS growth at the high end of 10-11% [2] - The acquisition of Worldpay for $22.7 billion is progressing, with necessary regulatory approvals from both U.S. and U.K. authorities obtained [3][4] Regulatory Approvals - The Competition and Markets Authority (CMA) in the U.K. approved the acquisition, which is a significant milestone for Global Payments [3][4] - The integration planning for the merger is underway, with expectations to complete the acquisition by the first quarter of 2026 [4][5] Market Impact - The merger will create a combined entity serving over 6 million customers across more than 175 countries, processing 94 billion transactions totaling $3.7 trillion annually [5] - The acquisition may enhance Global Payments' capabilities in supporting stablecoins and integrating lending options through partnerships with firms like BVNK and Affirm [6] Future Outlook - The integration of Worldpay is anticipated to bolster Global Payments' merchant scale and transaction processing capabilities [6][7] - Analysts noted that the earnings report was "clean enough," with merchant revenue growth accelerating to 6% year-over-year [2][7]