Global Payments Q2 2023 Earnings Report
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.
Global Payments
Global Payments
Global Payments 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