Global Payments Q3 2020 Earnings Report

Global Payments reported solid financial performance for Q3 2020, driven by market recovery, business mix, and cost management.

Key Takeaways

Global Payments Inc. announced its Q3 2020 results, demonstrating substantial improvement across markets and significant margin expansion. The company reported GAAP revenues of $1.918 billion and adjusted earnings per share of $1.71, a 1% increase compared to the third quarter of 2019. The company also raised its expectations for annual run rate expense synergies from the TSYS merger to $375 million.

GAAP revenues were $1.918 billion, compared to $1.106 billion in the third quarter of 2019.

Adjusted net revenues declined 4% to $1.746 billion, compared to $1.820 billion in the third quarter of 2019 on a combined basis.

Adjusted earnings per share increased 1% to $1.71, compared to $1.70 in the third quarter of 2019.

Adjusted operating margin of 41.1% expanded 250 basis points on a combined basis.

Total Revenue

$1.75B

Previous year: $1.31B