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.
Global Payments reported third quarter results for 2020, achieving significant revenue growth of $1.918 billion, up from $1.106 billion in Q3 2019. Diluted EPS rose to $0.74 from $0.54. However, adjusted net revenues declined 4% to $1.746 billion. Operating margin improved to 15.1% with adjusted operating margin expanding 250 basis points to 41.1%. The company announced increased expense synergy expectations from the TSYS merger to $375 million and a share repurchase authorization of $1.25 billion. A dividend of $0.195 per share was approved, payable on December 31, 2020.
Global Payments, a leading payment technology provider, will release its third quarter 2020 financial results on October 29, 2020, before the market opens. A live audio webcast discussing these results will be hosted by management at 8:00 a.m. ET on the same day. Interested parties can access the webcast on the company's investor relations page. Global Payments operates globally with nearly 24,000 employees and serves clients across over 100 countries, highlighting its significant reach and expertise in the payments technology sector.