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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.
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.
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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