Global Payments reports developments in merchant payment technology, software and commerce enablement for businesses across online, in-store and platform channels. Company updates commonly cover enterprise and embedded-payment partnerships, including Genius point-of-sale deployments, Payrix Pro integrations and Link2Gov digital payment services for tax payments.
Recurring announcements also include Worldpay payment-market research, operating results, conference presentations, board and governance changes, and capital actions such as share repurchase programs. The company’s completed Worldpay acquisition and Issuer Solutions divestiture frame its current identity as a merchant-solutions business.
Parthenon Capital has reached a definitive agreement to acquire Global Payments Inc.'s gaming division, transitioning it into Pavilion Payments, a stand-alone entity. This transaction, expected to close by the end of March 2023 pending regulatory approvals, will allow Pavilion Payments to continue offering a full range of innovative payment solutions tailored for the gaming industry. The existing management team, led by Christopher Justice, will guide Pavilion Payments in enhancing customer experiences in both physical and digital environments. Parthenon aims to leverage its expertise in payments to bolster growth and innovation in this market segment.
Global Payments (NYSE: GPN) has announced partnerships with the Atlanta Braves and Atlanta Hawks, becoming the official Commerce Technology Provider for Truist Park and State Farm Arena.
This expands Global Payments' role in Atlanta's major sports venues, adding to its existing collaboration with Mercedes-Benz Stadium. The technology integrations aim to enhance fan engagement through seamless transactions and operational efficiency. These initiatives align with the company's commitment to community support and technology-driven experiences. Partnership activities commence in Q1 2023.
Global Payments announced strong fourth quarter and full year 2022 results, showcasing a resilient business model amidst economic challenges. The Merchant business achieved 13% adjusted net revenue growth for the year, while the Issuer business saw a 5% increase. For Q4, GAAP revenues were $2.25 billion, with adjusted earnings per share rising to $2.42. Looking ahead, the company anticipates adjusted net revenue between $8.575 billion and $8.675 billion for 2023, reflecting a growth of 6% to 7%. The acquisition of EVO Payments and the sale of the Netspend consumer business are expected to close by the end of March, further streamlining operations.
Global Payments Inc. (NYSE: GPN) will release its fourth quarter and full year 2022 financial results before the market opens on February 10, 2023. A live audio webcast hosted by management will be available at 8:00 a.m. EST on the same day, accessible through the company's investor relations page. A replay will be archived post-event. Global Payments is a major payment technology provider, headquartered in Georgia, with around 25,000 employees globally. The company serves customers in over 170 countries, offering innovative payment solutions.
Global Payments Inc. (NYSE: GPN) announced that CEO Jeff Sloan will present at the Citi FinTech Conference on November 15, 2022, at 8 a.m. ET in New York City. The presentation can be accessed through a live webcast on the company’s investor relations website, with a replay available afterward.
Global Payments is a leading provider of payment technology and software solutions, serving customers in over 170 countries with approximately 25,000 team members globally.
Global Payments Inc. (GPN) reported a strong third quarter for 2022, achieving record revenues of $2.29 billion, up from $2.20 billion year-over-year. Adjusted net revenues rose by 3%, reaching $2.06 billion, while adjusted earnings per share increased by 14% to $2.48. The company obtained HSR clearance for its acquisition of EVO Payments and the divestiture of Netspend's consumer business. They expect adjusted net revenue growth of 10% to 11% for 2022, confirming a positive outlook despite global economic challenges.
Global Payments Inc. (NYSE: GPN) will announce its third quarter 2022 financial results on October 31, 2022, before the market opens. A live audio webcast to discuss these results will take place at 8:00 a.m. EDT on the same day. Interested parties can access the webcast through the investor relations page on the company's website. Global Payments is a leading provider of payment technology and software solutions, operating in over 170 countries with a global workforce of approximately 25,000 team members.
Global Payments (NYSE: GPN) announced that CEO Jeff Sloan will present at the Deutsche Bank Technology Conference on August 31, 2022, at 1:30 p.m. ET. The presentation will be accessible via a live webcast on the company's investor relations website, which will also host a replay after the event.
Global Payments is a leading payment technology provider, operating in over 170 countries with approximately 25,000 employees. As a Fortune 500 company, it focuses on delivering innovative software solutions to enhance business operations worldwide.
Rêv Worldwide and Global Payments (GPN) have announced a definitive agreement for Rêv to acquire the Netspend consumer business from GPN in an all-cash deal valued at $1 billion. This acquisition revives the involvement of Netspend’s founders, Roy and Bertrand Sosa, aiming to leverage strategic assets for growth in the consumer financial services market.
The transaction, expected to close in Q1 2023, allows Global Payments to focus on its core B2B operations. The global prepaid cards market is projected to grow from $1.6 trillion in 2020 to $2.7 trillion by 2026.
Global Payments Inc. (GPN) reported second-quarter 2022 results with revenues of $2.28 billion, up from $2.14 billion year-over-year. Adjusted net revenues increased 6.1% to $2.06 billion. The company announced a $4.0 billion acquisition of EVO Payments, a $1.5 billion strategic investment from Silver Lake, and a $1.0 billion sale of Netspend's consumer assets. For 2022, constant currency adjusted net revenue growth is projected at 10-11%, with adjusted earnings per share expected to rise 17-20%. A dividend of $0.25 per share was approved, payable September 30, 2022.