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Global Payments
🇺🇸 NYSE:GPN
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Sep 30, 2021

Global Payments Q3 2021 Earnings Report

Delivered record third quarter results and provided updated outlook for 2021.

Key Takeaways

Global Payments Inc. announced strong third-quarter results, with adjusted net revenues increasing by 15% and adjusted earnings per share increasing by 28%. The company also updated its full-year outlook for 2021, expecting adjusted net revenue to be in the range of $7.71 billion to $7.73 billion, reflecting growth of 14% to 15%, and adjusted earnings per share to be in a range of $8.10 to $8.20, or growth of 27% to 28% over 2020.

Renewed key issuer technology partnerships with CIBC and CITI as a top SaaS provider.

Significantly expanded the relationship with PayPal, including support of cryptocurrencies.

Selected by Mercedes-Benz Stadium to maximize its connected commerce environment.

Formally entered the B2B market with the acquisition of MineralTree.

Total Revenue
$2B
Previous year: $1.75B
+14.5%
EPS
$2.18
Previous year: $1.71
+27.5%
Adjusted Operating Margin
42.8%
Previous year: 41.1%
+4.1%
Gross Profit
$1.26B
Previous year: $1.02B
+23.7%
Cash and Equivalents
$2.35B
Previous year: $2.22B
+5.7%
Total Assets
$45.8B
Previous year: $44.5B
+2.7%

Global Payments

Global Payments

Global Payments Revenue by Segment

Forward Guidance

Global Payments expects full year 2021 adjusted net revenue to be in the range of $7.71 billion to $7.73 billion, reflecting growth of 14% to 15%, and adjusted earnings per share to be in a range of $8.10 to $8.20, or growth of 27% to 28% over 2020.

Positive Outlook

  • Expects full year 2021 adjusted net revenue to be in the range of $7.71 billion to $7.73 billion.
  • Adjusted net revenue growth of 14% to 15%.
  • Adjusted earnings per share to be in a range of $8.10 to $8.20.
  • Adjusted earnings per share growth of 27% to 28% over 2020.
  • Presumes a consistent macroeconomic environment for the remainder of the year with no change to the COVID-19 outlook globally.

Challenges Ahead

  • The COVID-19 pandemic could affect future revenues, financial operating results and liquidity.
  • Difficulties, delays and higher than anticipated costs related to integrating the businesses of Global Payments and TSYS.
  • Failing to fully realize anticipated cost savings and other anticipated benefits of the Merger when expected or at all.
  • Business disruptions from the Merger integration that may harm our business, including current plans and operations.
  • Increased competition in the markets in which we operate and our ability to increase our market share in existing markets and expand into new markets.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View Global Payments