Global Payments Q4: Earnings Beat, Margins Expand, Modest Outlook & More

Comments
Loading...
Zinger Key Points

Global Payments Inc. GPN reported fourth-quarter adjusted earnings per share of $2.65, beating the analyst consensus estimate of $2.64.

The company reported adjusted revenues of $2.186 billion, beating the street view of $2.182 billion.

Quarterly adjusted net revenues increased 8%, while adjusted operating margin expanded 30 basis points to 44.8%.

Adjusted Merchant Solutions revenues rose 18.5% to $1.67 billion. Adjusted Issuer Solutions gained 5.8% to $530.65 million.

The company’s long-term debt was $15.69 billion as of quarter-end, while cash and equivalents totaled $2.2 billion.

Dividend: The company approved a dividend of $0.25 per share payable on March 29, 2024, to shareholders of record as of March 15, 2024. 

The company also approved an increase in its share repurchase authorization capacity to $2 billion.

2024 Outlook: The company expects adjusted net revenue to be from $9.17 billion to $9.30 billion versus $9.29 billion estimate. 

The company reported adjusted earnings per share of $11.54 to $11.70 versus the $11.74 estimate.

Annual adjusted operating margin for 2024 is expected to expand by up to 50 basis points.

Price Action: GPN shares are trading lower by 0.32% to $135.63 on the last check Wednesday. 

GPN Logo
GPNGlobal Payments Inc
$82.53-%

Stock Score Locked: Want to See it?

Benzinga Rankings give you vital metrics on any stock – anytime.

Reveal Full Score
Edge Rankings
Momentum
28.79
Growth
90.16
Quality
41.07
Value
26.90
Price Trend
Short
Medium
Long
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In: