Global Payments ( (GPN) ) has released its Q4 earnings. Here is a breakdown of the information Global Payments presented to its investors.
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Global Payments Inc. is a prominent payments technology company offering innovative software and services to clients worldwide, operating within the financial technology sector with a comprehensive suite of solutions for efficient business operations globally.
Global Payments recently released its fourth quarter and full year 2024 financial results, marking a significant period where the company undertook a comprehensive transformation strategy. The company reported solid financial performance, achieving key benchmarks and setting the stage for future growth.
The earnings report highlighted a substantial increase in GAAP diluted earnings per share by 63% in the fourth quarter, reaching $2.25, while adjusted EPS grew by 12% in constant currency. Revenue rose to $2.52 billion, a 3% increase, with an adjusted net revenue increase of 6.5% when accounting for constant currency and excluding dispositions. Additionally, the company has set a target to achieve over $600 million in annual run-rate operating income benefits from its ongoing transformation by 2027. Notably, Global Payments announced a $250 million accelerated share repurchase plan as part of its capital allocation strategy.
For the full year of 2024, GAAP revenues increased to $10.11 billion, with a notable rise in diluted earnings per share of 63%, reaching $6.16. Adjusted net revenues and EPS saw growths of 6% and 11%, respectively. The company also experienced improvements in operating margins, reflecting effective cost management and strategic execution.
Looking ahead, Global Payments management expresses confidence in their strategic direction, aiming for adjusted net revenue growth of 5% to 6% and adjusted EPS growth of 10% to 11% in 2025, despite economic uncertainties. This outlook underscores the company’s commitment to becoming a global leader in commerce solutions, leveraging its transformation initiatives and focusing on long-term sustainable growth.
