Global Payments reaffirms FY25 guidance

“We are pleased with our financial and operational performance in the third quarter, which were consistent with our expectations and the outlook we previously provided,” said Josh Whipple, chief financial officer. “In addition to the financial metrics that Cameron referenced, we also produced strong adjusted free cash flow of $784 million in the quarter, allowing us to de-lever to 2.9-times adjusted net leverage at the end of the quarter, below the 3.0 times target we had committed to achieve by year end.” Whipple concluded, “The company continues to expect constant currency adjusted net revenue growth in the range of 5% to 6%, excluding dispositions, for the full year. We still expect annual adjusted operating margin expansion to be more than 50 basis points, excluding dispositions, and for our constant currency adjusted earnings per share growth to be at the high end of the 10% to 11% range in 2025.”