Global Payments, Inc. - GPN STOCK NEWS

Global Payments reported record third-quarter results for 2021, achieving GAAP revenues of $2.20 billion, up from $1.92 billion in 2020. Diluted earnings per share rose to $1.01 from $0.74, with an operating margin of 18.2%. Adjusted net revenues grew 15% year-over-year to $2.00 billion, while adjusted earnings per share increased 28% to $2.18. The company closed multiple acquisitions, including MineralTree, Bankia’s merchant services, and Worldline’s PayOne assets, expanding its presence in the B2B and European markets. Full year 2021 adjusted net revenue guidance is now $7.71 billion to $7.73 billion.

Global Payments Europe (GPE) and Rubean AG have expanded Rubean's PhonePOS™ service in Hungary, enhancing small merchant payment options. The adoption by a major delivery company has led to a rapid increase in transactions, exceeding 1,000 daily within days of launch. PhonePOS™ allows merchants to accept contactless payments via Android smartphones without additional hardware, contributing to the shift toward electronic payments mandated by new legislation. Rubean expects to replicate this success in other markets, with PhonePOS™ showcased at Money2020 in Las Vegas from October 24-27.

Global Payments Inc. (NYSE: GPN) is set to release its third quarter financial results on November 2, 2021, before the market opens. A live audio webcast will be hosted by management at 8:00 a.m. EDT on the same day, accessible via the company’s investor relations page. Global Payments is a leading provider of payment technology, operating in over 100 countries with nearly 24,000 team members. The webcast will also be archived for later access.

SimpleNexus has announced the launch of Nexus Pay at the Mortgage Bankers Association Annual Convention in San Diego, scheduled for October 17-20. This new feature allows mortgage loan applicants to make payments for various charges seamlessly through the SimpleNexus app, which also provides updates on loan status and other functionalities. Powered by Global Payments (NYSE: GPN), Nexus Pay enhances transaction efficiency by allowing users to pay via credit card or ACH without needing human assistance. The demo of Nexus Pay will occur on October 19.

Global Payments Inc. (NYSE: GPN) has announced its partnership with Mercedes-Benz Stadium, becoming the official commerce technology provider. The collaboration aims to enhance fan experiences by integrating advanced digital solutions across the stadium's commerce ecosystem.

This partnership will enable efficient transaction processes and improve operational management through automation. Global Payments will also support community outreach initiatives in Westside Atlanta, with branding displayed throughout the stadium starting in 2021.

Global Payments Inc. (NYSE: GPN) and Virgin Money announced a new partnership to enhance digital payment solutions for customers. The agreement focuses on creating a connected payment offering that improves customer experiences for Virgin Money's consumers and merchants. This collaboration aims to consolidate various payment services onto a single platform.

Global Payments will serve as the exclusive merchant service provider for Virgin Money, providing advanced acquiring technologies and expanding their existing relationship.

Global Payments Inc. (NYSE: GPN) announced the acquisition of MineralTree for $500 million in cash, aimed at enhancing its B2B payments solutions. This acquisition will expand Global Payments' capabilities in accounts payable automation, allowing digitization of payment processes for thousands of customers. The deal is expected to close in Q4 2021, contingent on regulatory approvals. CEO Jeff Sloan emphasized the strategic alignment with their software offerings and recognized the growth potential in the B2B sector.

Global Payments Inc. (NYSE: GPN) will present virtually at the Deutsche Bank Technology Conference on Thursday, September 9, 2021, at 9:50 a.m. EDT. The presentation will feature Cameron Bready, President and COO, and Paul Todd, CFO. Interested parties can access a live webcast through the investor relations section of the company's website. A replay will also be available post-event. Global Payments is a leading provider of payment technology and software solutions, operating in over 100 countries with nearly 24,000 employees worldwide.

Global Payments announced Q2 2021 results, reporting $2.14 billion in GAAP revenues, up from $1.67 billion year-over-year. Diluted EPS increased to $0.89 from $0.12, with an operating margin of 17.0%. Adjusted net revenues rose 28% to $1.94 billion, while adjusted EPS surged 56% to $2.04. The company is raising 2021 adjusted net revenue expectations to $7.70-$7.73 billion, reflecting 14%-15% growth. Global Payments also announced partnerships, including acquiring Bankia’s payments businesses and collaborating with Amazon Web Services. A quarterly dividend of $0.25 per share will be paid on September 24, 2021.