The earnings call highlighted strong financial performance in 2024 with significant growth in the Merchant and Issuer segments, alongside successful partnerships and expansion in various verticals. However, challenges such as dispositions, FX headwinds, and softer trends in certain areas were noted. The sentiment remains positive due to the company's effective execution of its operational transformation and strategic initiatives.

Company Guidance

During the fourth quarter and full year 2024 earnings call, Global Payments provided guidance for fiscal year 2025, projecting constant currency adjusted net revenue growth of 5% to 6%, excluding dispositions. The company anticipates adjusted operating margin expansion of approximately 50 basis points, also excluding dispositions. They aim for adjusted earnings per share growth of 10% to 11% on a constant currency basis, despite a 175 basis point headwind from currency fluctuations. The Merchant Solutions segment is expected to deliver around 6% constant currency revenue growth, while the Issuer Solutions segment is forecasted to grow at approximately 4%. The company plans to invest around $780 million in capital expenditures, representing about 8% of revenue, and anticipates a greater than 90% conversion rate of adjusted net income to adjusted free cash flow. Global Payments also intends to return approximately $2 billion to shareholders during the year, in line with their strategic focus on simplifying operations and enhancing shareholder returns.

Strong Financial Performance in 2024

Global Payments delivered 6% adjusted net revenue growth, record adjusted operating margins, and double-digit adjusted earnings per share growth. The company generated roughly $3 billion of adjusted free cash flow and returned $1.8 billion to shareholders.

Merchant Segment Success

The Merchant segment achieved over 7% growth in Q4, driven by strong results in POS and software businesses, with a 25% increase in annual recurring revenue opportunity in North America.

New Partnerships and Expansions

Global Payments expanded its relationship with major clients like Whataburger and a multinational QSR, and added significant new clients in the education and real estate verticals.

Issuer Solutions Growth

The Issuer Solutions business ended the year with record traditional accounts on file of 885 million and a strong pipeline of more than 70 million accounts for future conversion.

Operational Transformation Progress

The company increased its operational transformation target from over $500 million to more than $600 million in annual run rate operating income benefit by the first half of 2027.

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Global Payments (GPN) Earnings, Revenues Date & History

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GPN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
May 05, 2025	2025 (Q1)	2.74 / -	2.59	―	―	―
Feb 13, 2025	2024 (Q4)	2.96 / 2.95	2.65	11.32% (+0.30)
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)

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
Feb 13, 2025	$108.83	$104.13	-4.32%
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%

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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