The earnings call presented a balance of positive aspects, such as strong revenue growth, successful divestiture, and strategic partnerships in the education sector, against the backdrop of challenges like volume declines in issuer solutions and macroeconomic uncertainties affecting investments. The sentiment remains cautiously optimistic with an emphasis on strategic transformation and capital returns.

Company Guidance

During the third quarter 2024 earnings call for Global Payments (GPN), several key performance metrics and strategic initiatives were discussed. The company achieved a 6% growth in adjusted net revenue, reaching $2.36 billion, and expanded its adjusted operating margin by 40 basis points to 46.1%. Adjusted earnings per share grew by 12% compared to the same period in 2023, landing at $3.08. Merchant Solutions saw a 7% growth in adjusted net revenue, driven by a 7% growth in Merchant Solutions, with POS and software sales in North America increasing by 23% and bookings in food service management rising 25% year-over-year. Core payments growth remained stable, though slightly impacted by macroeconomic conditions. The company also announced a definitive agreement to sell its AdvancedMD business for $1.125 billion, with plans to return up to $700 million to shareholders, alongside an accelerated share repurchase plan of $600 million. Looking forward, Global Payments expects to achieve low double-digit earnings per share growth in 2025, with ongoing efforts to streamline their business and capitalize on growth opportunities in integrated and embedded payments.

Strong Revenue and Margin Growth

Global Payments delivered 6% adjusted net revenue growth, 40 basis points of adjusted operating margin expansion, and 12% adjusted earnings per share growth compared to the same period in 2023.

Merchant Solutions Performance

The Merchant Solutions business delivered 7% adjusted net revenue growth, driven by POS and software and integrated and embedded businesses. New SMB and mid-market cloud POS sales grew by 23%.

Education Sector Success

The Education business saw strong performance with double-digit adjusted net revenue growth. Notable new partnerships and expansions included Brown University, University of British Columbia, and Swans University in Wales.

AdvancedMD Sale

Global Payments reached a definitive agreement to sell its AdvancedMD business for $1.125 billion, exemplifying its commitment to streamline and simplify business operations.

Issuer Solutions Execution

Successfully completed five implementations, including the first cloud conversion for a leading global financial institution in Asia Pacific. The implementation pipeline remains strong with over 65 million accounts.

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Global Payments (GPN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GPN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 12, 2025	2024 (Q4)	2.97 / -	2.65	―	―	―
Oct 30, 2024	2024 (Q3)	3.09 / 3.08	2.75	12.00% (+0.33)
Aug 07, 2024	2024 (Q2)	2.91 / 2.93	2.62	11.83% (+0.31)
May 01, 2024	2024 (Q1)	2.57 / 2.59	2.4	7.92% (+0.19)
Feb 14, 2024	2023 (Q4)	2.64 / 2.65	2.42	9.50% (+0.23)
Oct 31, 2023	2023 (Q3)	2.72 / 2.75	2.48	10.89% (+0.27)
Aug 01, 2023	2023 (Q2)	2.59 / 2.62	2.36	11.02% (+0.26)
May 01, 2023	2023 (Q1)	2.31 / 2.40	2.07	15.94% (+0.33)
Feb 10, 2023	2022 (Q4)	2.41 / 2.42	2.13	13.62% (+0.29)
Oct 31, 2022	2022 (Q3)	2.48 / 2.48	2.18	13.76% (+0.30)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GPN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$98.84	$103.11	+4.32%
Aug 07, 2024	$92.61	$99.02	+6.92%
May 01, 2024	$121.90	$108.28	-11.17%
Feb 14, 2024	$134.85	$137.74	+2.14%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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