Global Payments Q1 2024 Earnings Report
Key Takeaways
Global Payments Inc. reported solid first quarter results with high single-digit adjusted net revenue growth and mid-teens adjusted earnings per share growth, excluding dispositions. The company reaffirms its outlook for 2024.
GAAP diluted earnings per share (EPS) of $1.22 and adjusted EPS of $2.59.
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.
Global Payments
Global Payments
Global Payments Revenue by Segment
Forward Guidance
The company continues to expect adjusted net revenue to be in a range of $9.17 billion to $9.30 billion, reflecting growth of 6% to 7%, and adjusted earnings per share to be in a range of $11.54 to $11.70, reflecting growth of 11% to 12% over 2023. Annual adjusted operating margin for 2024 is still expected to expand by up to 50 basis points.
Revenue & Expenses
Visualization of income flow from segment revenue to net income