Global Payments GAAP revenues hit $2.01bn for Q3 2025

Core Insights - Global Payments reported Q3 2025 GAAP revenues of $2.01 billion, a slight increase from $1.99 billion in the same quarter last year [1] - The company achieved a GAAP net income of $635.2 million and an operating income of $778 million, compared to $442 million in the previous year [1][2] - Adjusted net revenues rose by 3% to $2.43 billion, or 6% when excluding currency effects and dispositions [1] Financial Performance - Diluted earnings per share were $2.64, with an operating margin of 38.8% [2] - Adjusted earnings per share increased by 12% to $3.26, with an adjusted operating margin expanding by 110 basis points to 45% [2] - The Merchant Solutions segment generated revenue of $2 billion for Q3 2025 [2] Discontinued Operations - The Issuer Solutions segment is classified as discontinued operations as of Q2 2025, following an agreement to divest to Fidelity National Information Services [2] - For Q3 2025, Issuer Solutions recorded non-GAAP revenues of $561.7 million and non-GAAP operating income of $263.4 million [3] Future Outlook - The company expects constant currency adjusted net revenue growth of 5% to 6% for the full year, excluding dispositions [4] - Annual adjusted operating margin expansion is anticipated to exceed 50 basis points, with constant currency adjusted earnings per share growth projected at the high end of the 10% to 11% range for 2025 [4]