earnings
confidence high
sentiment positive
materiality 0.85
Global Payments Q3 adj EPS $3.08 (+12% YoY); sells AdvancedMD for $1.125B; $600M ASR
GLOBAL PAYMENTS INC
2024-Q3 EPS reported
$3.92
revenue$7,590,508,000
- GAAP EPS $1.24 (down 11%), adjusted EPS $3.08 (up 12%); GAAP revenue $2.60B (+5%), adjusted net revenue $2.36B (+6%).
- Adjusted operating margin expanded 40bps to 46.1%; reaffirms 2024 outlook: adj EPS $11.54-$11.70, adj net rev $9.17-$9.30B.
- Definitive agreement to sell AdvancedMD to Francisco Partners for $1.125B; closing expected in Q4 2024.
- Entered $600M accelerated share repurchase; board increased authorization to $2.5B; declared $0.25 dividend payable Dec 27, 2024.