Global Payments Q2 adj EPS $2.62 (+11% YoY), raises FY2023 outlook

GLOBAL PAYMENTS INC

2023-Q2 EPS reported $1.00 revenue$4,744,916,000

GAAP revenue $2.45B, adj net revenue $2.20B (+7% YoY); GAAP EPS $1.05 vs -$2.42 loss year ago.
Adj EPS $2.62 vs $2.36 (+11%); adj operating margin expanded 100 bps to 44.8%.
2023 adj net revenue guidance raised to $8.660-8.735B (7-8% growth); adj EPS raised to $10.35-10.44 (11-12% growth).
EVO Payments integration on track to deliver at least $125M in annual run-rate synergies.
Board declared $0.25 quarterly dividend payable Sept 29, 2023 to holders of record Sept 15.

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 0.99

GLOBAL PAYMENTS INC reported Full Year 2023 results: revenue $8.660 billion to $8.735 billion, EPS $10.35 to $10.44. Guidance raised.

Period: Full Year 2023
Revenue: $8.660 billion to $8.735 billion
EPS: $10.35 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 $8.660 billion to $8.735 billion, reflecting growth of 7% to 8% over 2022, and adjusted earnings per share to now be in a range of $10.35 to $10.44, reflecting growth of 11% to 12% over 2022, or 16% to 17% excluding dispositions.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

GLOBAL PAYMENTS INC reported quarter ended June 30, 2023 results: EPS $2.62. Guidance raised.

Period: quarter ended June 30, 2023
EPS: $2.62
Guidance: raised
Result: reported results

Exact text from the filing

GAAP revenues were $2.45 billion, compared to $2.28 billion in 2022; diluted earnings per share were $1.05 compared to a loss per share of $2.42 in the prior year; and operating margin was 24.6% compared to (23.0)% in the prior year.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

GLOBAL PAYMENTS INC reported quarter ended June 30, 2023 results: EPS $2.62. Guidance raised.

Period: quarter ended June 30, 2023
EPS: $2.62
Guidance: raised
Result: reported results

Exact text from the filing

Adjusted net revenues increased 7% to $2.20 billion, compared to $2.06 billion in 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

GLOBAL PAYMENTS INC reported quarter ended June 30, 2023 results: EPS $2.62. Guidance raised.

Period: quarter ended June 30, 2023
EPS: $2.62
Guidance: raised
Result: reported results

Exact text from the filing

Adjusted earnings per share increased 11% to $2.62, compared to $2.36 in 2022.

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GLOBAL PAYMENTS INC filing history →

Source: SEC EDGAR

accession 0001123360-23-000026

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