Global Payments, Inc. - GPN STOCK NEWS

Global Payments (NYSE: GPN) reported third quarter 2024 results with GAAP revenue of $2.60 billion, up 5%, and adjusted net revenue of $2.36 billion, up 6%. GAAP diluted EPS decreased 11% to $1.24, while adjusted EPS grew 12% to $3.08. The company announced the sale of AdvancedMD to Francisco Partners and initiated a $600 million accelerated share repurchase plan. Global Payments reaffirmed its 2024 outlook, expecting adjusted net revenue growth of 6-7% to $9.17-9.30 billion and adjusted EPS growth of 11-12% to $11.54-11.70. The company approved a dividend of $0.25 per share and increased share repurchase authorization to $2.5 billion.

PayPal (NASDAQ: PYPL) has announced an expanded partnership with Global Payments to enhance checkout experiences. The collaboration will enable Global Payments' U.S. merchants to offer PayPal and Venmo branded checkout solutions along with Fastlane by PayPal. The partnership, building on their 15-year relationship, aims to streamline the checkout process. Fastlane enables one-click purchases and has shown nearly 50% higher checkout conversion rates compared to traditional guest checkout flows, while reducing checkout time by over 28% for card payments.

Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, has announced that it will release its third quarter 2024 financial results before the market opens on Wednesday, October 30, 2024. The company's management will host a live audio webcast to discuss these results at 8:00 a.m. ET on the same day.

Interested parties can access the audio webcast through the investor relations page of Global Payments' website at investors.globalpayments.com. A replay of the webcast will be made available after the event for those unable to attend the live discussion.

Global Payments Inc. (NYSE: GPN) held its 2024 Investor Conference in New York City, outlining its updated strategic focus and outlook for long-term value creation. The company aims to become the worldwide partner of choice for commerce solutions by:

1. Unifying its Merchant Solutions business globally, including harmonizing POS solutions under the Genius brand.
2. Prioritizing SMBs to deliver a full suite of software and commerce enablement solutions.
3. Capitalizing on growth opportunities in Issuer Solutions through cloud modernization and cross-selling initiatives.
4. Implementing operational transformation initiatives to unlock over $500 million of adjusted run-rate operating income benefits by early 2027.

The company's medium-term outlook for 2025-2027 includes mid-single-digit to high-single-digit adjusted net revenue growth, 50-100 bps of adjusted operating margin expansion, and low-teens adjusted EPS growth. Global Payments targets returning $7.5 billion to shareholders over the next three years.

Global Payments Inc. (NYSE: GPN), a leading provider of payment technology and software solutions, has announced its upcoming 2024 Investor Conference. The event is scheduled for Tuesday, September 24, 2024, at 9:00 a.m. ET. During the conference, the company's senior leadership team will provide updates on:

• Strategic focus
• Operational transformation
• Outlook for sustainable performance and value creation

A live webcast will be available on the company's investor relations page, with a replay accessible after the event. Additionally, Global Payments has released its 2024 Global Responsibility Report, highlighting initiatives and accomplishments across four pillars: Culture and Values, Environmental Sustainability, Community Impact, and Corporate Responsibility. The report covers achievements since early 2023 and is available on the company's website.

Global Payments Inc. (NYSE: GPN) reported strong second quarter 2024 results, with GAAP diluted EPS up 40% to $1.47 and adjusted EPS increasing 12% to $2.93. The company's GAAP revenue grew 5% to $2.57 billion, while adjusted net revenue rose 6% to $2.32 billion. Global Payments reaffirmed its 2024 outlook, expecting adjusted net revenue growth of 6% to 7% and adjusted EPS growth of 11% to 12%.

Key highlights include a new partnership with Diamond Baseball Holdings and renewed relationship with NatWest. The company also expanded its presence in UK football, signing agreements with multiple clubs. Global Payments continues to focus on simplifying its business and streamlining operations to drive sustainable growth.

Global Payments (NYSE: GPN) has appointed Robert 'Bob' Cortopassi as President and COO, effective immediately. Cortopassi, a 12-year veteran of the company, previously served as Senior EVP and President of International and Vertical Markets. CEO Cameron Bready highlighted Bob's exceptional track record in managing key businesses and driving growth. Cortopassi's deep familiarity with Global Payments' operations positions him well to lead the company's strategy of becoming the worldwide partner of choice for commerce solutions.

Global Payments Inc. (NYSE: GPN), a leading provider of payment technology and software solutions, has announced it will release its second quarter 2024 financial results on Wednesday, August 7, 2024, before the market opens. The company's management will host a live audio webcast at 8:00 a.m. EDT on the same day to discuss the results.

Interested parties can access the webcast through the investor relations page of Global Payments' website at investors.globalpayments.com. A replay of the webcast will be available after the event for those unable to attend the live discussion.

AdvancedMD, a Global Payments company, has announced over 30 new features in its 2024 summer product release. Key updates include the AdvancedMD Pay credit card processing system and terminal, which unifies patient billing processes. The terminal integrates with the AdvancedMD Pay platform, enabling in-person and online credit card payments, and will initially be available by invitation. Other updates include automated payment plans, insurance virtual credit card (VCC) payments, and enhanced practice management, EHR, and patient engagement tools. These updates aim to improve efficiency, productivity, and revenue for private medical practices.