Global Payments Q1 adjusted EPS $2.40, beats; raises 2023 guidance; completes EVO, Netspend, Gaming deals

GLOBAL PAYMENTS INC

2023-Q1 EPS reported -$0.04 revenue$2,292,447,000

GAAP revenue $2.29B vs $2.16B YoY; GAAP diluted EPS $(0.04) vs $0.87 due to deal-related charges.
Adjusted net revenue $2.05B (+5% reported, +9% constant currency ex-dispositions and EVO).
Adjusted EPS $2.40 (+16%); adjusted operating margin 43.1% (+200 bps); best Q1 in 4 years.
2023 outlook raised: adjusted net revenue $8.635-$8.735B (7-8% growth), adjusted EPS $10.32-$10.44 (11-12% growth).
Closed EVO Payments acquisition in March; completed Netspend consumer and Gaming Solutions divestitures in April/May.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBAL PAYMENTS INC reported quarter ended March 31, 2023 results: revenue $2.29 billion, EPS $(0.04).

Period: quarter ended March 31, 2023
Revenue: $2.29 billion
EPS: $(0.04)
Result: reported results

Exact text from the filing

GAAP revenues were $2.29 billion, compared to $2.16 billion in 2022; diluted (loss) earnings per share were $(0.04) compared to $0.87 in the prior year; and operating margin was 2.5% compared to 17.4% in the prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLOBAL PAYMENTS INC reported calendar 2023 results: revenue $8.635 billion to $8.735 billion, EPS $10.32 to $10.44. Guidance raised.

Period: calendar 2023
Revenue: $8.635 billion to $8.735 billion
EPS: $10.32 to $10.44
Guidance: raised
Result: guidance update

Exact text from the filing

The company now expects adjusted net revenue to be in a range of $8.635 billion to $8.735 billion, reflecting growth of 7% to 8% over 2022 (an increase from 6% to 7% previously), and adjusted earnings per share to be in a range of $10.32 to $10.44, reflecting growth of 11% to 12% over 2022 (up from 10% to 11% previously), or 16% to 17% excluding dispositions.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

GLOBAL PAYMENTS INC filing history →

Source: SEC EDGAR

accession 0001123360-23-000017

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