Latest news with #GlobalPaymentsInc
Business Wire
2 days ago
- Business
- Business Wire
Global Payments Launches New Genius™ for Retail Solution
ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, announced today the release of its Genius for Retail solution designed specifically for shops. This powerful new POS offering is ideally suited for a broad range of small and medium-sized retail businesses, including sporting goods, gift, boutique, beauty supplies, coffee shops, cafes, novelty and other stores. This powerful new POS offering is ideally suited for a broad range of small and medium-sized retail businesses. Share The solution, which will initially be available to U.S. merchants, works easily right out of the box and is backed by Global Payments' world class service, including unmatched support teams and a network of dealers that are there to ensure speedy setup and outstanding performance. Features include all the built-in tools small and medium-sized retailers need to optimize their operations and deliver a seamless customer experience. Select highlights include: Advanced payment capabilities that help retailers accept cards, mobile wallets, gift cards and more – both in-store and on the go. From contactless checkout to tax and discounts, features are built in with no third party add-ons. Business management options that make it easy to manage inventory, digital invoicing, pay by link, employee schedules, customer insights, staff permissions and sales trends in one place, powering efficiency and informing smarter decisions. Customer engagement features that drive repeat business are embedded in the solution, including promotions and customer profile management tools that allow retailers to keep their customers coming back. No extra integrations are needed. Order ahead capabilities that input inventory into an order-ahead web application, allowing customers the convenience to browse, order and pay before they pick up in-store or curbside. 'The launch of Genius for Retail marks another important milestone as we focus our investments on delivering a single, feature rich and comprehensive POS platform to merchants globally,' said Bob Cortopassi, Global Payments' president and chief operating officer. 'We are playing to our strengths by releasing a powerful new solution built for small and medium-sized shops. We have a deep understanding of what these types of merchants need to run and grow their businesses, and we are excited to bring these capabilities to the market.' Additional retail configurations will be introduced in the third and fourth quarters, including one tailored for businesses where age verification is required, and another for service businesses such as beauty salons, wellness clinics, spas, daycares and more. 'The right POS solution can make all the difference for small and medium-sized businesses, giving them an edge as they work to keep up with competitors,' said Terry Roberts, president of Merchant Solutions at Global Payments. 'This new POS offering for shops is an innovative command center with market-leading capabilities that do much more than just help manage a business. They optimize performance, helping to increase average ticket amounts, deliver real-time data to inform business decisions, manage staff more efficiently and much more. We are proud to deliver game-changing solutions that help retailers thrive.' Genius for Retail follows the launch of Genius for Restaurants in May, which was the first of three Genius products designed to meet the unique needs of key verticals. Genius for Enterprise, tailored to multi-location quick service restaurants, stadiums, venues and cafeterias, will be released in the third quarter. The Genius for Retail solution will launch in additional geographies throughout 2025. For more information about Genius, visit and view this video. About Global Payments Global Payments Inc. (NYSE: GPN) helps businesses around the world enable commerce and provide exceptional experiences to their customers. Our payment technology and software solutions enable merchants, issuers and developers to deliver seamless customer experiences, run smarter operations and adapt quickly to change. Because if it has anything to do with commerce, we are already on it. With 27,000 team members across 38 countries, we have the scale and expertise to help businesses grow with confidence. Headquartered in Georgia, Global Payments is a Fortune 500® company and a member of the S&P 500.
Associated Press
04-06-2025
- Business
- Associated Press
Global Payments and Sage Launch Embedded Vendor Payments Solution
ATLANTA--(BUSINESS WIRE)--Jun 4, 2025-- Global Payments Inc. (NYSE: GPN) announced today that its MineralTree business, which provides modern, secure, easy-to-use accounts payable (AP) and payment automation solutions, and Sage, a leader in accounting, financial, HR and payroll technology for small and mid-sized businesses (SMBs), launched a vendor payments solution built directly within Sage Intacct. The solution, Vendor Payments powered by MineralTree, gives finance teams a seamless way to pay vendor bills without ever leaving their Sage Intacct instance. The new solution is designed for ease, security and control, addressing the complexity of managing payables across disconnected systems. With the capability to initiate payments from within Sage Intacct, AP teams can eliminate syncing delays and the need for separate logins, additional bank accounts and middleware. 'With so many finance teams overwhelmed by disconnected tools, our goal was to embed payments into the software they already use every day,' said Brian Greehan, head of B2B solutions for Global Payments. 'This offering is about more than convenience. It's about embedding payments seamlessly into the workflow so businesses can operate with more control, speed and confidence at a time when efficiency and cash flow visibility are critical.' Solving real problems for finance teams Vendor Payments powered by MineralTree addresses long-standing pain points in accounts payable, such as fragmented tools, lack of visibility and inefficient manual workflows. By embedding payments directly into Sage Intacct, the solution enables: 'Finance teams want simplicity and efficiency – everything in one place,' said Dan Miller, EVP Financials and ERP Division at Sage. 'Embedding payments directly into Sage Intacct lets teams seamlessly approve and pay bills without switching systems, creating smoother workflows and freeing time for strategic tasks. This demonstrates how strategic collaboration within our partner ecosystem delivers impactful solutions that drive real results.' Vendor Payments powered by MineralTree is a model for how embedded payments can evolve to meet the broader needs of today's finance teams. Initially focused on Sage Intacct, Global Payments' solution offers potential for expansion to other platforms where finance teams already work, creating a foundation for broader adoption and continued momentum. Click hereto learn more about how Vendor Payments powered by MineralTree can streamline your payables process within Sage Intacct. About Global Payments Global Payments Inc. (NYSE: GPN) helps businesses around the world enable commerce and provide exceptional experiences to their customers. Our payment technology and software solutions enable merchants, issuers and developers to deliver seamless customer experiences, run smarter operations and adapt quickly to change. Because if it has anything to do with commerce, we are already on it. With 27,000 team members across 38 countries, we have the scale and expertise to help businesses grow with confidence. Headquartered in Georgia, Global Payments is a Fortune 500® company and a member of the S&P 500. Learn more at and follow us on X, LinkedIn and Facebook. About MineralTree MineralTree, the business-to-business division of Global Payments (NYSE: GPN), provides modern, secure, easy-to-use accounts payable (AP) and payment automation solutions. By uniting technology and passionate people, we make the process of business payments easy, impactful and profitable. Our solutions combine ease of use with robust capabilities that drive meaningful insights, transforming the back office into a strategic partner of the corner office. For more information, visit and follow MineralTree on LinkedIn. View source version on CONTACT: Investor Contact: Winnie Smith [email protected] Contact: Emily Edmonds [email protected] KEYWORD: UNITED STATES NORTH AMERICA GEORGIA INDUSTRY KEYWORD: PROFESSIONAL SERVICES TECHNOLOGY SOFTWARE FINANCE FINTECH BANKING ACCOUNTING SOURCE: Global Payments Inc. Copyright Business Wire 2025. PUB: 06/04/2025 09:05 AM/DISC: 06/04/2025 09:05 AM
Business Wire
06-05-2025
- Business
- Business Wire
Global Payments Reports First Quarter 2025 Results
ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN) today announced results for the first quarter ended March 31, 2025. "We delivered solid financial results this quarter, reflecting the resilience of our business and consistent execution of our strategic priorities, despite incremental economic uncertainty during the period,' said Cameron Bready, chief executive officer. Share "We delivered solid financial results this quarter, reflecting the resilience of our business and consistent execution of our strategic priorities, despite incremental economic uncertainty during the period,' said Cameron Bready, chief executive officer. "As importantly, we continue to make meaningful progress on our operational transformation initiatives, which are enhancing our efficiency, streamlining our business, elevating client experiences and positioning us for long-term success.' Bready continued, 'The agreements we announced in April to acquire Worldpay and divest Issuer Solutions will sharpen our focus and accelerate our strategy. We have a tremendous opportunity to drive substantial revenue and cost synergies from the transaction as we amplify our collective go-to-market strengths and simplify our business to become a pure play merchant solutions provider with significantly expanded capabilities, extensive scale and greater market access. The transaction will drive an enhanced financial profile for the combined enterprise and unlock long-term value for our shareholders. "The realignment of our operating model and business structure, together with our transformation will position us with a strong foundation to integrate Worldpay. We are excited about the upcoming launch of Genius later this month, and are continuing to implement our salesforce of the future initiative. Additionally, our unified technology organization is already delivering improved speed to market for new products and enhanced productivity, while providing the scalability, reliability and security that have long been hallmarks of our business.' Bready concluded, 'As we look ahead, we are more confident than ever that we are taking the right steps to reach our goal of becoming the worldwide partner of choice for commerce solutions.' First Quarter 2025 Summary GAAP revenues were $2.41 billion, compared to $2.42 billion in 2024; diluted EPS were $1.24, compared to $1.22 in the prior year; and operating margin was 19.5%, compared to 18.7% in the prior year. Adjusted net revenues increased 1% (5% constant currency excluding dispositions) to $2.20 billion, compared to $2.18 billion in the first quarter of 2024. Adjusted EPS including share-based compensation expense increased 9% (11% constant currency) to $2.69, compared to $2.46 in the first quarter of 2024; adjusted EPS excluding share-based compensation expense of $2.82. Adjusted operating margin expanded 70 basis points to 42.4%. 2025 Outlook 'We are pleased with our positive start to the year, which included constant currency growth for both our Merchant and Issuer businesses, excluding dispositions, consistent with where we exited 2024 despite heightened market volatility," said Josh Whipple, chief financial officer. Whipple continued, "For the full year 2025, we continue to expect constant currency adjusted net revenue growth to be in a range of 5% to 6%, excluding dispositions, and constant currency adjusted earnings per share growth to be in a range of 10% to 11%. Annual adjusted operating margin is expected to expand 50 basis points, excluding dispositions.' Whipple concluded, 'Our outlook reflects the progress we are making on our transformation plan and a macro backdrop consistent with the current environment. The strategic initiatives we are undertaking this year give us confidence in our ability to quickly and fully integrate Worldpay and realize the synergy benefits we outlined, providing us greater conviction in our medium-term guidance and ability to accelerate our long-term revenue growth.' Capital Allocation Global Payments' Board of Directors approved a dividend of $0.25 per share payable on June 27, 2025 to shareholders of record as of June 13, 2025. Conference Call Global Payments' management will host a live audio webcast today, May 6, 2025, at 7:30 a.m. ET to discuss financial results and business highlights. The audio webcast, along with supplemental financial information, can be accessed via the investor relations page of the company's website at A replay of the audio webcast will be archived on the company's website following the live event. Non-GAAP Financial Measures Global Payments supplements revenues, operating income, operating margin and net income and earnings per share determined in accordance with GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial measures) in this earnings release to assist with evaluating our performance. In addition to GAAP measures, management uses these non-GAAP financial measures to focus on the factors the company believes are pertinent to the daily management of our operations. Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure is included in the schedules to this release, except for forward-looking measures where a reconciliation to the corresponding GAAP measures is not available due to the variability, complexity and limited visibility of the items that are excluded from the non-GAAP outlook measures. The company is unable to address the probable significance of the unavailable information. About Global Payments Global Payments Inc. (NYSE: GPN) is a leading payments technology company delivering innovative software and services to our customers globally. Our technologies, services and team member expertise allow us to provide a broad range of solutions that enable our customers to operate their businesses more efficiently across a variety of channels around the world. Headquartered in Georgia with approximately 27,000 team members worldwide, Global Payments is a Fortune 500® company and a member of the S&P 500 with worldwide reach spanning North America, Europe, Asia Pacific and Latin America. For more information, visit and follow Global Payments on X, LinkedIn and Facebook. Forward-Looking Statements Investors are cautioned that some of the statements we use in this release contain forward-looking statements and are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections about the industry and geographies in which we operate, and beliefs of and assumptions made by our management, involve risks, uncertainties and assumptions that could significantly affect the financial condition, results of operations, business plans and the future performance of Global Payments. Actual events or results might differ materially from those expressed or forecasted in these forward-looking statements. Accordingly, we cannot guarantee that our plans and expectations will be achieved. Examples of forward-looking statements include, but are not limited to, statements we make regarding future financial and operating results, including revenue, earnings estimates, liquidity, and deleveraging plans, management's expectations regarding future plans, objectives and goals; market and growth opportunities; capital available for allocation; the effects of general economic conditions on our business; statements about the strategic rationale and anticipated benefits of acquisitions or dispositions, including future financial and operating results, and the successful integration of our acquisitions; statements about the completion of anticipated benefits and strategic or operational initiatives; statements regarding our success and timing in developing and introducing new services and expanding our business; and other statements regarding our future financial performance and the company's plans, objectives, expectations and intentions. Statements can generally be identified as forward-looking because they include words such as 'believes,' 'anticipates,' 'expects,' 'intends,' 'plan,' 'forecast,' 'could,' 'should,' 'will,' 'would,' or words of similar meaning. Although we believe that the plans and expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our plans and expectations will be attained, and therefore actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. In addition to factors previously disclosed in Global Payments' reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: the occurrence of any event, change or other circumstances that could give rise to the right of one or more of the parties to terminate the transaction agreements for the divestiture of the Company's Issuer Solutions business and the acquisition of Worldpay (collectively, the 'Transaction'); the outcome of any legal proceedings that may be instituted against Worldpay, Global Payments, or its directors; the ability to obtain regulatory approvals and meet other closing conditions for the Transaction on a timely basis or at all, including the risk that regulatory approvals required for the Transaction are not obtained on a timely basis or at all, or are obtained subject to conditions that are not anticipated or that could adversely affect Global Payments following the Transaction or the expected benefits of the Transaction; risks related to the financing in connection with the Transaction; difficulties and delays in integrating the Worldpay business into that of Global Payments, including with respect to implementing controls to prevent a material security breach of any internal systems or to successfully manage credit and fraud risks in business units; failing to fully realize anticipated cost savings and other anticipated benefits of the Transaction when expected or at all, business disruptions from the proposed transaction that will harm Global Payments' or Worldpay's businesses, including current plans and operations; potential adverse reactions or changes to business relationships resulting from the announcement or completion of the Transaction, including as it relates to Global Payments' or Worldpay's ability to successfully renew existing client contracts on favorable terms or at all and obtain new clients; failing to comply with the applicable requirements of Visa, Mastercard or other payment networks or card schemes or changes in those requirements; the ability of Global Payments or Worldpay to retain and hire key personnel; the diversion of management's attention from ongoing business operations; uncertainty as to the long-term value of the common stock of Global Payments following the Transaction, including the dilution caused by Global Payments' issuance of additional shares of its common stock in connection with the Transaction; the continued availability of capital and financing; the effects of global economic, political, market, health and social events or other conditions; the imposition of tariffs and other trade policies and the resulting impacts on market volatility and global trade; macroeconomic pressures and general uncertainty regarding the overall future economic environment; foreign currency exchange, inflation and rising interest rate risks; the effects of a security breach or operational failure on our business; the ability to maintain Visa and Mastercard registration and financial institution sponsorship; difficulties, 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; our ability to safeguard our data; risks associated with our indebtedness; the potential effect of climate change including natural disasters; the effects of new or changes in current laws, regulations, credit card association rules or other industry standards on us or our partners and customers, including privacy and cybersecurity laws and regulations; and other events beyond our control, and other factors included in the 'Risk Factors' section in our most recent Annual Report on Form 10-K and in other documents that we file with the SEC, which are available at These cautionary statements qualify all of our forward-looking statements, and you are cautioned not to place undue reliance on these forward-looking statements. Our forward-looking statements speak only as of the date they are made and should not be relied upon as representing our plans and expectations as of any subsequent date. While we may elect to update or revise forward-looking statements at some time in the future, we specifically disclaim any obligation to publicly release the results of any revisions to our forward-looking statements, except as required by law. SCHEDULE 3 GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Three Months Ended March 31, 2025 March 31, 2024 % Change GAAP Non-GAAP GAAP Non-GAAP GAAP Non-GAAP Revenues: Merchant Solutions $ 1,808,687 $ 1,691,854 $ 1,834,094 $ 1,683,384 (1.4 )% 0.5 % Issuer Solutions 620,730 528,815 602,735 515,610 3.0 % 2.6 % Intersegment eliminations (17,319 ) (15,841 ) (16,642 ) (15,055 ) (4.1 )% (5.2 )% $ 2,412,098 $ 2,204,828 $ 2,420,187 $ 2,183,939 (0.3 )% 1.0 % Operating income (loss): Merchant Solutions $ 614,102 $ 808,953 $ 580,438 $ 790,413 5.8 % 2.3 % Issuer Solutions 109,318 244,944 106,097 241,401 3.0 % 1.5 % Corporate (256,528 ) (120,010 ) (234,283 ) (122,310 ) (9.5 )% 1.9 % Gain on business disposition 3,993 — — — nm nm $ 470,885 $ 933,888 $ 452,252 $ 909,505 4.1 % 2.7 % ____________________ See Schedule 7 for a reconciliation of adjusted net revenue and adjusted operating income by segment to the most comparable GAAP measures and Schedule 8 for a discussion of non-GAAP financial measures. Note: Amounts may not sum due to rounding. Note: nm = not meaningful. Expand SCHEDULE 4 CONSOLIDATED BALANCE SHEETS (UNAUDITED) GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands, except share data) March 31, 2025 ASSETS Current assets: Cash and cash equivalents $ 2,896,024 $ 2,538,416 Accounts receivable, net 1,112,308 1,081,740 Settlement processing assets 1,836,890 1,620,921 Prepaid expenses and other current assets 893,338 795,593 Total current assets 6,738,560 6,036,670 Goodwill 26,417,195 26,286,318 Other intangible assets, net 8,668,020 8,931,943 Property and equipment, net 2,352,656 2,277,593 Deferred income taxes 105,694 106,083 Notes receivable 788,075 772,297 Other noncurrent assets 2,545,906 2,479,351 Total assets $ 47,616,106 $ 46,890,255 LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY Current liabilities: Settlement lines of credit $ 727,975 $ 503,407 Current portion of long-term debt 1,180,408 1,075,708 Accounts payable and accrued liabilities 2,925,073 3,079,924 Settlement processing obligations 2,307,400 1,593,675 Total current liabilities 7,140,856 6,252,714 Long-term debt 15,014,421 15,164,659 Deferred income taxes 1,770,186 1,832,996 Other noncurrent liabilities 666,070 623,319 Total liabilities 24,591,533 23,873,688 Commitments and contingencies Redeemable noncontrolling interests 166,791 160,623 Equity: Preferred stock, no par value; 5,000,000 shares authorized and none issued — — Common stock, no par value; 400,000,000 shares authorized at March 31, 2025 and December 31, 2024; 245,361,590 shares issued and outstanding at March 31, 2025 and 248,708,899 shares issued and outstanding at December 31, 2024 — — Paid-in capital 17,678,643 18,118,942 Retained earnings 5,019,346 4,774,736 Accumulated other comprehensive loss (449,646 ) (612,992 ) Total Global Payments shareholders' equity 22,248,343 22,280,686 Nonredeemable noncontrolling interests 609,439 575,258 Total equity 22,857,782 22,855,944 Total liabilities, redeemable noncontrolling interests and equity $ 47,616,106 $ 46,890,255 Expand SCHEDULE 5 CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In thousands) Three Months Ended March 31, 2025 March 31, 2024 Cash flows from operating activities: Net income $ 312,772 $ 323,062 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortization of property and equipment 122,839 117,919 Amortization of acquired intangibles 329,269 343,217 Amortization of capitalized contract costs 34,424 32,883 Share-based compensation expense 39,740 40,117 Provision for operating losses and credit losses 19,950 19,409 Noncash lease expense 14,162 15,397 Deferred income taxes (70,737 ) (111,886 ) Paid-in-kind interest capitalized to principal of notes receivable (19,499 ) (17,694 ) Equity in income of equity method investments, net of tax (18,286 ) (16,411 ) Distributions received on investments 7,512 — Gain on business disposition (3,993 ) — Other, net 19,338 12,075 Changes in operating assets and liabilities, net of the effects of business combinations: Accounts receivable (36,734 ) 50,934 Prepaid expenses and other assets (93,552 ) (120,774 ) Accounts payable and other liabilities (102,081 ) (158,669 ) Net cash provided by operating activities 555,124 529,579 Cash flows from investing activities: Business combinations and other acquisitions, net of cash and restricted cash acquired (49,886 ) (2,557 ) Capital expenditures (127,577 ) (145,441 ) Payment received on notes receivable 4,375 — Net cash used in investing activities (173,088 ) (147,998 ) Cash flows from financing activities: Changes in funds held for customers (58,461 ) (88,573 ) Changes in settlement processing assets and obligations, net 479,153 (24,689 ) Net borrowings from settlement lines of credit 223,216 133,228 Net borrowings (repayments) from commercial paper notes 867,582 (1,093,043 ) Proceeds from long-term debt 1,551,000 4,609,000 Repayments of long-term debt (2,546,613 ) (2,628,548 ) Payments of debt issuance costs — (29,391 ) Repurchases of common stock (446,286 ) (800,048 ) Proceeds from stock issued under share-based compensation plans 6,340 11,031 Common stock repurchased - share-based compensation plans (36,006 ) (41,140 ) Distributions to noncontrolling interests (10,327 ) (4,748 ) Proceeds and contributions from noncontrolling interests — 89 Purchase of capped calls related to issuance of convertible notes — (256,250 ) Dividends paid (61,124 ) (63,616 ) Net cash used in financing activities (31,526 ) (276,698 ) Effect of exchange rate changes on cash, cash equivalents and restricted cash 61,790 (34,035 ) Increase in cash, cash equivalents and restricted cash 412,300 70,848 Cash, cash equivalents and restricted cash, beginning of the period 2,735,975 2,256,875 Cash, cash equivalents and restricted cash, end of the period $ 3,148,275 $ 2,327,723 Expand ____________________ (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. For the three months ended March 31, 2025 and 2024, net revenue adjustments also included $0.3 million and $0.5 million, respectively, to eliminate the effect of acquisition accounting fair value adjustments for software-related contract liabilities associated with acquired businesses. (2) For the three months ended March 31, 2025, earnings adjustments to operating income included $329.3 million in cost of services (COS) and $137.4 million in selling, general and administrative expenses (SG&A). Adjustments to COS included amortization of acquired intangibles of $329.3 million. Adjustments to SG&A included acquisition, integration and separation expenses of $28.4 million, facilities exit charges of $4.7 million, charges for business transformation activities of $66.3 million, modernization charges of $9.3 million, charges related to the resolution of a certain legal matter of $18.3 million, and other items of $10.4 million. For the three months ended March 31, 2025, earnings adjustments to operating income also included the elimination of a $4.0 million gain on business dispositions. For the three months ended March 31, 2024, earnings adjustments to operating income included $343.2 million in COS and $113.6 million in SG&A. Adjustments to COS consisted of amortization of acquired intangibles of $343.2 million. Adjustments to SG&A included acquisition, integration and separation expenses of $78.9 million, employee severance charges of $24.9 million, and other items of $9.8 million. (3) Income taxes on adjustments reflect the tax effect of earnings adjustments to income before income taxes. The tax rate used in determining the tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. See "Non-GAAP Financial Measures" discussion on Schedule 8. Note: Amounts may not sum due to rounding. Expand ____________________ (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. For the three months ended March 31, 2025 and 2024, net revenue adjustments also included $0.3 million and $0.5 million, respectively, to eliminate the effect of acquisition accounting fair value adjustments for software-related contract liabilities associated with acquired businesses. (2) For the three months ended March 31, 2025, earnings adjustments to operating income included $329.3 million in COS and $176.0 million in SG&A. Adjustments to COS included amortization of acquired intangibles of $329.3 million. Adjustments to SG&A included share-based compensation expense of $38.6 million, acquisition, integration and separation expenses of $28.4 million, facilities exit charges of $4.7 million, charges for business transformation activities of $66.3 million, modernization charges of $9.3 million, charges related to the resolution of a certain legal matter of $18.3 million, and other items of $10.4 million. For the three months ended March 31, 2025, earnings adjustments to operating income also included the elimination of a $4.0 million gain on business dispositions. (3) Income taxes on adjustments reflect the tax effect of earnings adjustments to income before income taxes. The tax rate used in determining the tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. See "Non-GAAP Financial Measures" discussion on Schedule 8. Note: Amounts may not sum due to rounding. Expand ____________________ (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. For the three months ended March 31, 2025 and 2024, net revenue adjustments also included $0.3 million and $0.5 million, respectively, to eliminate the effect of acquisition accounting fair value adjustments for software-related contract liabilities associated with acquired businesses. (2) For the three months ended March 31, 2025, earnings adjustments to operating income included $329.3 million in COS and $137.4 million in SG&A. Adjustments to COS included amortization of acquired intangibles of $329.3 million. Adjustments to SG&A included acquisition, integration and separation expenses of $28.4 million, facilities exit charges of $4.7 million, charges for business transformation activities of $66.3 million, modernization charges of $9.3 million, charges related to the resolution of a certain legal matter of $18.3 million, and other items of $10.4 million. For the three months ended March 31, 2025, earnings adjustments to operating income also included the elimination of a $4.0 million gain on business dispositions. For the three months ended March 31, 2024, earnings adjustments to operating income included $343.2 million in COS and $113.6 million in SG&A. Adjustments to COS consisted of amortization of acquired intangibles of $343.2 million. Adjustments to SG&A included acquisition, integration and separation expenses of $78.9 million, employee severance charges of $24.9 million, and other items of $9.8 million. See "Non-GAAP Financial Measures" discussion on Schedule 8. Note: Amounts may not sum due to rounding. Expand SCHEDULE 8 OUTLOOK SUMMARY (UNAUDITED) GLOBAL PAYMENTS INC. AND SUBSIDIARIES (In millions, except per share data) 2025 Growth Revenues: GAAP revenues 1% to 2% Adjustments (1) 0% FX impact ~1% Constant currency (CC) adj net revenue 2% to 3% Dispositions ~3% CC adjusted net revenue excluding dispositions 5% to 6% Earnings Per Share: GAAP diluted EPS 5% to 6% Adjustments (2) ~4% FX impact ~1% Constant currency adjusted EPS 10% to 11% Expand (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefit to the company. Amounts also included adjustments to eliminate the effect of acquisition accounting fair value adjustments for software-related contract liabilities associated with acquired businesses. (2) Adjustments to 2024 GAAP diluted EPS included the removal of 1) software-related contract liability adjustments described above of $0.01, 2) acquisition related amortization expense of $4.13, 3) acquisition, integration, and separation expense of $0.64, 4) charges for business transformation activities of $0.30, 5) employee termination benefits of $0.24, 6) non-cash charges for technology assets that will no longer be utilized under a revised technology architecture development strategy of $0.17, 7) modernization charges of $0.07, 8) non-cash asset write-offs for discontinued initiatives of $0.06, 9) facilities exit charges of $0.04, 10) gain/loss on business dispositions of $(0.83), 11) other income and expense of $(0.05), 12) discrete tax items of $0.04, 13) other items of $0.04, 14) the effect of noncontrolling interests and income taxes, as applicable. Note: nm = not meaningful. Expand NON-GAAP FINANCIAL MEASURES Global Payments supplements revenues, operating income, operating margin and net income, and earnings per share (EPS) determined in accordance with U.S. GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial measures) in this document to assist with evaluating our performance. In addition to GAAP measures, management uses these non-GAAP financial measures to focus on the factors the company believes are pertinent to the daily management of our operations. The constant currency growth measures adjust for the impact of exchange rates and are calculated using average exchange rates during the comparable period in the prior year. Management uses these non-GAAP financial measures, together with other metrics, to set goals for and measure the performance of the business and to determine incentive compensation. Adjusted net revenue, adjusted operating income, adjusted operating margin, and adjusted EPS should be considered in addition to, and not as substitutes for, revenues, operating income, and EPS determined in accordance with GAAP. The non-GAAP financial measures reflect management's judgment of particular items, and may not be comparable to similarly titled measures reported by other companies. Adjusted net revenue excludes gross-up related payments associated with certain lines of business to reflect economic benefits to the company. On a GAAP basis, these payments are presented gross in both revenues and operating expenses. Management believes adjusted net revenue more closely reflects the economic benefits to the company's core business and allows for better comparisons with industry peers. Adjusted operating income, adjusted net income and adjusted EPS exclude acquisition-related amortization expense, acquisition, integration and separation expense, gains or losses on business dispositions, business transformation activities, and certain other items specific to each reporting period as more fully described in the accompanying reconciliations in Schedules 6 and 7. The tax rate used in determining the income tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. Adjusted operating margin is derived by dividing adjusted operating income by adjusted net revenue.
Yahoo
02-05-2025
- Business
- Yahoo
Global Payments Inc. (GPN): Among the Worst Performing Stocks in S&P 500 So Far in 2025
We recently published a list of the 11 Worst Performing Stocks in S&P 500 So Far in 2025. In this article, we will take a look at where Global Payments Inc. (NYSE:GPN) stands against other worst performing stocks this year. After a two-year surge of 53%, marking the best performance for the broad market index since the 1997-98 rally, stocks have been taken for a wild ride in 2025 due to uncertainties around recent tariffs, resulting in a year-to-date decline of nearly 6%. READ ALSO: 11 Most Promising Stocks According to Analysts and 15 Best Dividend Stocks to Buy for Long-Term Passive Income. Trends over the past century have shown that sustained high returns are uncommon. Following the strong back-to-back performance in the 1920s, markets fell sharply in 1929, which marked the beginning of the Great Depression. Then, after recovering in 1935 and 1936, it took a giant step back again a year later. A recent report by a leading investment banking company also pointed out how, historically, bull markets produce mediocre returns in the third year. Although they are usually not negative. The New York-based firm has projected positive but muted returns for 2025, while also noting that the continued adoption of artificial intelligence has the potential to lead to a productivity boom and a stronger market rally. The broad market index ended 0.74% higher on April 24, gaining 4.6% for the week, driven by a rebound in tech shares. The US Dollar also had its first weekly rise since March, as investors looked for signs that the ongoing trade war may be easing. Washington also appears to have softened its stance on trade relations with Beijing. In an interview with Time magazine on April 22, Trump stated his administration was engaged with China on striking a tariff deal. The US president also expects announcements on many other trade deals to be made over the next three to four weeks. While talking to CNBC, Jay Hatfield, founder and chief investment officer of InfraCap, expressed optimism that the worst of the uncertainty around tariffs is over: 'The confusion about whether there's really talks going on with China or not took some steam out of the market. Our view is that we've reached peak tariff tantrum and so it's likely to be more positive than negative.' Chip Rewey, CIO of Rewey Asset Management, said the following on the situation by Reuters: 'This week you've seen kind of relief that maybe some of the worst case of the Trump tariff actions won't come true. While we've recovered from some of the lows, we haven't pushed back to highs. And I think somewhere in that range is where we'll stay for a while.' With that said, let's now head over to discuss the worst performing stocks this year. A payment terminal in action with customers apart of the experience. For this article, we went through screeners to identify stocks listed on the S&P index. From there, we picked the top 11 stocks with the worst year-to-date negative returns in share price, as of the close of business on Friday, April 25, 2025. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). YTD Decline in Share Price: -35.23% Global Payments Inc. (NYSE:GPN) is a payments technology company, providing software and services to customers globally, enabling them to operate their businesses more efficiently across a variety of channels. On April 17, Global Payments Inc. (NYSE:GPN) announced agreements to acquire Worldpay for a total value of $24.25 billion and divest its Issuer Solutions business to Fidelity National Information Services for $13.5 billion. The company expects the move to help simplify its business model and position it as a pure-play commerce solutions provider for merchants of all sizes. Through the acquisition of Worldpay, Global Payments Inc. (NYSE:GPN) is hoping to expand its reach to serve over 6 million customers in 175 countries, which will enable approximately 94 billion transactions with a payment volume of $3.7 trillion. The divestiture of Issuer Solutions also shows that the company is going big on providing payment services, instead of back-end financial processing. While Global Payments Inc. (NYSE:GPN) called it a 'defining day', Wall Street was less enthusiastic, with shares plunging 17% following the announcement. Moreover, several analysts either downgraded the stock or reduced their price targets, warning that the company could see more margin pressures ahead. Mizuho analysts noted that Fidelity National Information Services had won a 'crown jewel', whereas GPN got 'more of the same'. With its share price slumping by over 35% as of the close of business on April 25, Global Payments Inc. (NYSE:GPN) is one of the worst performing stocks this year. Overall, GPN ranks 6th among the 11 Worst Performing Stocks in S&P 500 So Far in 2025. While we acknowledge the potential of GPN, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GPN but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
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30-04-2025
- Business
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Global Payments Inc. (GPN): Among the Best Fintech Stocks to Buy in 2025
We recently compiled a list of the . In this article, we are going to take a look at where Global Payments Inc. (NYSE:GPN) stands against the other fintech stocks. The terms finance and technology are combined to form the term fintech. This wide category includes companies that integrate modern technology into financial operations. Fintech companies include, for instance, those that create and run person-to-person payment applications and those that develop innovative digital payment processing solutions. Many fintech stocks have recovered from the post-COVID-19 down market, but they are still well below their peak as we approach 2025. Nonetheless, the fintech industry has numerous opportunities for long-term potential. In 2025, fintech is beginning to rebound. Global fintech funding rose to $8.5 billion in Q4 of 2024, a 12% increase from the previous quarter, according to CB Insights. While overall 2024 funding decreased 20% year on year, this is a significant improvement from the 48% and 44% declines in 2023 and 2022, respectively, showing that capital flows to the industry have stabilized. The regulatory sentiment is also altering. For example, in a statement released on January 21, Travis Hill, acting chairman of the Federal Deposit Insurance Corporation, provided a list of priorities, including plans to 'adopt a more open-minded approach to innovation and technology adoption, which includes a more transparent approach to fintech partnerships and to digital assets and tokenization, and engagement to address growing technology costs for community banks.' This suggests a more relaxed regulatory framework, which could stimulate a resurgence of fintech activity. The fact that some of the biggest fintech companies, such as Swedish buy now, pay later unicorn Klarna and neobank Chime, are now indicating plans to go public is another significant clue that the industry is recovering from the blues. Furthermore, since financial monitoring is a crucial component of public markets, this probably signals profitability improvement, which has been a significant difficulty for the fintech industry. Tyler Griffin, managing partner and cofounder of Restive Partners, stated to American Banker: "I'd bet that the chief financial officer of every late-stage, privately funded company is at least exploring what an IPO in the near term looks like.' The financial technology industry has never been static; rather, it thrives on challenging the status quo. Financial services have changed in recent years due to a combination of technological developments, regulatory changes, and economic disruptions. In 2024, fintech saw a massive spike in the usage of AI, mostly for internal use cases like operational efficiency and fraud detection. However, issues with accuracy and privacy continue to restrict consumer-facing applications. According to a Deloitte survey, the biggest obstacle to generative AI adoption in financial services, according to 35% of enterprises, is real-world errors. Financial organizations are hesitant to use AI tools directly with customers because of regulatory sensitivities. Nonetheless, enterprise adoption is speeding up. Within a year, Morgan Stanley introduced its "Debrief" assistant, which OpenAI powers. Meanwhile, BNY Mellon and OpenAI have partnered for several years. For this article, we sifted through the Fintech ETFs and online rankings to form an initial list of the 25 Fintech Stocks. From the resultant dataset, we chose 12 stocks with the highest number of hedge fund investors, using Insider Monkey's database of 1009 hedge funds in Q4 2024 to gauge hedge fund sentiment for stocks. We have used the stock's revenue growth year-over-year as a tie-breaker in case two or more stocks have the same number of hedge funds invested. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here). A payment terminal in action with customers apart of the experience. Number of Hedge Fund Holders: 71 Revenue Growth (YoY): 4.68% Global Payments Inc. (NYSE:GPN) is among the Best Fintech Stocks. It is a leading digital payment company that provides software and payment technologies to financial institutions, retailers, and other companies worldwide. It is a significant supplier of software and payment processing solutions with a focus on assisting small and medium-sized enterprises. The company has operations in 30 countries, and around one-fourth of its sales come from non-North American markets, particularly those in Europe and Asia. In 2019, the company merged with Total System Services in an all-stock deal, giving Total System Services' shareholders 48% of the combined company's shares. Issuer processing operations have been boosted by the merger. In 2024, Global Payments Inc. (NYSE:GPN) achieved double-digit earnings growth, record adjusted operating margins, and 6% adjusted net revenue growth. The firm gave $1.8 billion to shareholders and generated $3 billion in adjusted free cash flow. POS and software performance drove the merchant segment's 7% Q4 growth, while North America's annual recurring revenue opportunity jumped by 25%. Strategic expansion was supported by new partnerships with Whataburger and a global QSR, as well as important clients in the real estate and educational areas. In addition, Global Payments Inc. (NYSE:GPN) has increased its goal for operational transformation to over $600 million in run-rate operating income benefit annually by early 2027. Overall GPN ranks 11th among the best fintech stocks to buy in 2025. While we acknowledge the potential of GPN as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GPN but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks to Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
