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Global Payments
🇺🇸 NYSE:GPN
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Jun 30, 2021

Global Payments Q2 2021 Earnings Report

Global Payments' business accelerated meaningfully, demonstrating significant ongoing momentum and expanded its competitive moat through leading strategic partnerships.

Key Takeaways

Global Payments Inc. reported strong second-quarter results, with adjusted net revenues increasing by 28% to $1.94 billion and adjusted earnings per share increasing by 56% to $2.04. The company has raised its full-year outlook for adjusted net revenue to be in the range of $7.70 billion to $7.73 billion, reflecting growth of 14% to 15%, and adjusted earnings per share to be in a range of $8.07 to $8.20, or growth of 26% to 28% over 2020.

GAAP revenues were $2.14 billion, compared to $1.67 billion in the second quarter of 2020.

Adjusted net revenues increased 28% to $1.94 billion, compared to $1.52 billion in the second quarter of 2020.

Adjusted earnings per share increased 56% to $2.04, compared to $1.31 in the second quarter of 2020.

Adjusted operating margin of 41.8% expanded 480 basis points.

Total Revenue
$1.94B
Previous year: $1.52B
+27.6%
EPS
$2.04
Previous year: $1.31
+55.7%
Adjusted Operating Margin
41.8%
Previous year: 37%
+13.0%
Gross Profit
$1.2B
Previous year: $778M
+54.3%
Cash and Equivalents
$1.8B
Previous year: $1.83B
-1.4%
Total Assets
$45.1B
Previous year: $44B
+2.6%

Global Payments

Global Payments

Global Payments Revenue by Segment

Forward Guidance

Global Payments raised its expectations for full year 2021 adjusted net revenue to be in the range of $7.70 billion to $7.73 billion, reflecting growth of 14% to 15%, and increased its adjusted earnings per share estimate to be in a range of $8.07 to $8.20, or growth of 26% to 28% over 2020. This outlook presumes a path toward recovery worldwide over the balance of the year.

Positive Outlook

  • Adjusted net revenue growth of 14% to 15%.
  • Adjusted earnings per share growth of 26% to 28%.
  • Continued sequential improvement in business.
  • Strategic priorities of balancing reinvestment in future growth.
  • Efficient return of capital.

Challenges Ahead

  • Presumes we remain on a path toward recovery worldwide over the balance of the year.
  • Effects of the COVID-19 pandemic on business.
  • Difficulties, delays and higher than anticipated costs related to integrating the businesses of Global Payments and TSYS.
  • Failing to fully realize anticipated cost savings and other anticipated benefits of the Merger when expected or at all.
  • Business disruptions from the Merger integration that may harm business, including current plans and operations.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Global Payments