Financial PerformanceTotal revenue was below expectations, with Merchant revenue slightly below estimates and Issuer revenue also below expectations.
Growth And Market ShareInvestors worry that Global Payments' Merchant business is too much of a 'black box' to underwrite, given ongoing concerns around share loss and deteriorating economics in the ISV business.
Investor SentimentInvestor sentiment on GPN remains negative, and in order to address concerns, there is a need for clear communication from management on assumptions within medium-term targets.