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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.
Global Payments
Global Payments
Global Payments Revenue by Segment
Revenue by Segment
Merchant Solutions Revenue
CapyFin.comIssuer Solutions Revenue
CapyFin.com 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