Welcome to our dedicated page for Global Pmts news (Ticker: GPN), a resource for investors and traders seeking the latest updates and insights on Global Pmts stock.
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.
FIS has announced two major strategic transactions: the acquisition of Global Payments' Issuer Solutions business for $13.5 billion and the sale of its Worldpay stake to Global Payments for $6.6 billion.
The Issuer Solutions acquisition will strengthen FIS' fintech position, processing over 40 billion transactions annually across 75+ countries. The deal is expected to generate revenue synergies exceeding $125 million annually and net EBITDA synergies of more than $150 million by year three.
The transaction will be funded through $8 billion in new debt and proceeds from the Worldpay stake sale. FIS expects pro forma gross leverage of approximately 3.4x, targeting 2.8x within 18 months. Both transactions are expected to close in first half of 2026.
FIS also reported preliminary Q1 2025 results with total revenue of $2.5 billion and adjusted revenue growth of 4%.
Global Payments (NYSE: GPN) has announced that their Chief Financial Officer, Josh Whipple, will participate in the Wolfe Research FinTech Forum. The presentation will take place on March 12, 2025 at 11:00 a.m. EDT in New York, NY.
The event will feature a fireside chat format and will be accessible to interested parties through a live webcast on the company's investor relations website at investors.globalpayments.com. For those unable to attend the live presentation, a replay option will be made available on the same platform after the event.
Global Payments (NYSE: GPN) reported strong Q4 2024 results with GAAP revenue reaching $2.52 billion, up 3%, and adjusted net revenue of $2.29 billion, showing a 6.5% increase in constant currency excluding dispositions. The company's Q4 GAAP diluted EPS grew 63% to $2.25, while adjusted EPS increased 12% to $2.95.
For full-year 2024, GAAP revenues were $10.11 billion compared to $9.65 billion in 2023, with diluted EPS of $6.16. The company announced an increased operating income benefit target of $600 million from its operational transformation by first half 2027 and plans a $250 million accelerated share repurchase. For 2025, Global Payments expects 5-6% constant currency adjusted net revenue growth and 10-11% constant currency adjusted EPS growth.
TSG (The Strawhecker Group) has appointed Shelley Joyce as its new Chief Technology Officer (CTO). In her role, Joyce will lead the vision and execution of TSG's technology stack growth and client technological needs, including software products, payment technology, platform modernization, and POS development.
Joyce joins TSG from Global Payments (NYSE: GPN), where she served as CTO of Merchant Acquiring Technologies, managing worldwide processing platforms. Her previous experience includes roles as CEO at Monetary, where she developed an omnichannel commerce platform, VP of Product at Total Merchant Services, and CTO at Mercury Payments.
The appointment reinforces TSG's commitment to innovation in the payments industry, focusing on delivering cutting-edge solutions backed by merchant acquiring expertise and data-driven insights.
Global Payments (NYSE: GPN) has announced it will release its fourth quarter and full year 2024 financial results before market opening on Thursday, February 13, 2025. The company's management will host a live audio webcast at 8:00 a.m. EST on the same day to discuss the results.
Interested parties can access the webcast through the investor relations page at investors.globalpayments.com. A replay of the audio webcast will be available on the company's website after the live event.
Guidewire (NYSE: GWRE) has appointed Jeff Sloan to its Board of Directors, effective January 21, 2025. Sloan, who served as CEO of Global Payments Inc. (NYSE: GPN) through June 2023, brings significant executive leadership experience in financial services and technology industries.
During his tenure at Global Payments, Sloan led the company's rise to the Fortune 500 as a leading technology-enabled, software-driven payments business. Prior to serving as CEO, he was Global Payment's president from 2010 to 2013 and a partner at Goldman Sachs. He currently serves on the board of directors of Corpay (NYSE: CPAY), a global leader in corporate payments.
The appointment comes as Guidewire Cloud Platform establishes itself as the trusted platform for P&C insurers globally, positioning the company for continued growth and innovation.
Global Payments has released its 2025 Commerce and Payment Trends Report, highlighting six key developments reshaping commerce. Based on expert discussions and a survey of 600 payment decision-makers, the report identifies trends including: AI's practical impact on client services and fraud protection, unified commerce platform adoption with higher investment from SMBs (67%) and midmarket companies (71%), embedded payments expansion into B2B, enhanced digital security measures, POS evolution into a comprehensive service platform, and the maturation of payment orchestration technologies.
Global Payments (NYSE: GPN) announced that CEO Cameron Bready will present at the UBS Global Technology and AI Conference in Scottsdale, AZ. The presentation is scheduled for December 3, 2024, at 8:15 a.m. MT (10:15 a.m. ET). A live webcast of the fireside chat will be available through the company's investor relations website, with a replay accessible after the event.
Francisco Partners has signed a definitive agreement to acquire AdvancedMD from Global Payments (NYSE: GPN). AdvancedMD, founded in 1999, provides cloud-based medical office software solutions integrating practice management, electronic health records, patient engagement, and payments. The company will continue operating under its existing management team, with Amanda Sharp assuming the additional role of CEO. Global Payments will maintain its payment acceptance capabilities as a long-term partner. The acquisition is expected to close in Q4 2024, subject to customary closing conditions.
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.