“We are pleased with our performance during 2024, which culminated with a sequential acceleration in constant currency growth in both our Merchant and Issuer businesses, excluding dispositions,” said Josh Whipple, chief financial officer. “We also generated strong adjusted free cash flow during the year, while effectively balancing returning capital to our shareholders and reducing our net leverage position.” Whipple continued, “Consistent with the medium-term outlook we provided at our Investor Conference, we 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% in 2025. Annual adjusted operating margin is expected to expand 50 basis points excluding dispositions. We also expect to return approximately $2 billion to shareholders during the year.” Whipple concluded, “Our outlook reflects the strategic initiatives we are undertaking through our transformation and assumes a stable macro environment. We are confident that the business has good forward momentum as we execute against our refocused strategy.”
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