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Mar 31, 2024
Global Payments Q1 2024 Earnings Report
Delivered high single-digit adjusted net revenue growth and mid-teens adjusted earnings per share growth in the first quarter, excluding dispositions.
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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