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Jun 30, 2024
Global Payments Q2 2024 Earnings Report
Reported an increase in GAAP diluted earnings per share and adjusted EPS, along with a rise in GAAP revenue and adjusted net revenue. The company reaffirmed its outlook for 2024 and announced a commerce technology partnership with Diamond Baseball Holdings.
Key Takeaways
Global Payments Inc. reported strong second-quarter results, with high single-digit adjusted net revenue growth (excluding Netspend divestiture) and double-digit adjusted earnings per share growth. The company also announced a new agreement with Diamond Baseball Holdings and new stadium partnerships with multiple UK football clubs.
GAAP diluted earnings per share increased by 40%, and adjusted EPS increased by 12%.
GAAP revenue increased by 5%, and adjusted net revenue increased by 6%.
The company reaffirmed its outlook for 2024.
Global Payments announced a commerce technology partnership with Diamond Baseball Holdings and renewed its issuer relationship with NatWest.
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.
Challenges Ahead
- Outlook continues to reflect the potential for a slightly more tempered economic environment in the second half of 2024.
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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