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Jun 30, 2023
Global Payments Q2 2023 Earnings Report
Delivered strong second quarter performance and raised 2023 outlook.
Key Takeaways
Global Payments Inc. reported strong second quarter results, driven by their four-pillared strategy and the EVO Payments acquisition. The company is raising its expectations for 2023.
GAAP revenues were $2.45 billion, compared to $2.28 billion in 2022.
Diluted earnings per share were $1.05 compared to a loss per share of $2.42 in the prior year.
Adjusted net revenues increased 7% to $2.20 billion, compared to $2.06 billion in 2022.
Adjusted earnings per share increased 11% to $2.62, compared to $2.36 in 2022.
Revenue by Segment
Forward Guidance
The company now expects adjusted net revenue to be in a range of $8.660 billion to $8.735 billion, reflecting growth of 7% to 8% over 2022, and adjusted earnings per share to now be in a range of $10.35 to $10.44, reflecting growth of 11% to 12% over 2022, or 16% to 17% excluding dispositions. We continue to expect adjusted operating margin for 2023 to expand by up to 120 basis points.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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