Global Payments Inc. has launched an accelerated share repurchase program to buy back $500 million worth of its common stock, as part of an existing board-approved initiative. The company is expected to receive approximately 4,676,174 shares on August 8, 2025, with the total number of shares repurchased determined by the average daily volume-weighted prices during the repurchase period, minus a discount.
The final settlement of the accelerated share repurchase program is anticipated to be completed by September 30, 2025. This move is part of the company's broader strategy to manage its capital and return value to shareholders.
linkAug 07, 2025 09:10:02
Global Payments reported second quarter 2025 financial results with GAAP diluted earnings per share of $0.99 and adjusted earnings per share of $3.10, reflecting an 11% increase in constant currency. The company’s GAAP revenue was $1.96 billion, remaining approximately flat year-over-year, while adjusted net revenue rose to $2.36 billion, a 5% increase when excluding dispositions. The company reaffirmed its full-year growth outlook for adjusted net revenue, projecting a constant currency growth of 5% to 6% and adjusted earnings per share growth at the high end of 10% to 11% for 2025.
Additionally, Global Payments received regulatory clearances for its acquisition of Worldpay and the divestiture of its Issuer Solutions business, both expected to close in the first half of 2026. The company has also increased its expected annual run-rate operating income benefit from its operational transformation to $650 million and announced a $500 million accelerated share repurchase plan. A dividend of $0.25 per share will be payable on September 26, 2025, to shareholders of record as of September 12, 2025.
linkAug 06, 2025 07:04:08
Global Payments Inc. has entered into agreements to acquire Worldpay Holdco, LLC from Fidelity National Information Services, Inc. and certain affiliates of GTCR LLC, while also divesting its Issuer Solutions business to FIS. The completion of these transactions is contingent upon the expiration or termination of the HSR Waiting Periods, which expired on July 18, 2025.
The closing of the transactions is still subject to obtaining necessary regulatory clearances and approvals, as well as meeting other customary closing conditions. Investors should note that these developments could impact the company's operations and financial performance.
linkJul 21, 2025 07:00:45
Global Payments Inc. has entered into a Revolving Credit Agreement providing for a $7.25 billion revolving credit facility with Bank of America and other lenders. Initially, $5.75 billion is available, with an additional $1.5 billion contingent upon the closing of the acquisition of Worldpay Holdco, LLC. The facility matures five years from the closing date and allows for borrowings in multiple currencies. The terms include a range of interest rates based on the company's credit rating, and the company has provided guarantees for borrowings made by its subsidiaries.
Additionally, the company has reduced its bridge loan commitments from $7.7 billion to $6.2 billion following the effectiveness of the Revolving Credit Agreement. The new agreement replaces the previous credit agreement from August 2022. The company’s borrowings will be subject to customary conditions and covenants, including a financial covenant related to the net leverage ratio.
linkMay 16, 2025 16:35:17
Global Payments Inc. announced its financial results for the first quarter of 2025, reporting a GAAP diluted earnings per share (EPS) of $1.24, which represents a 2% increase from the previous year. The company recorded GAAP revenue of $2.41 billion, remaining approximately flat compared to the same period in 2024. Adjusted EPS, which includes share-based compensation, rose by 11% in constant currency to $2.69, while adjusted net revenue increased by 5% in constant currency, reaching $2.20 billion when excluding dispositions. The operating margin improved to 19.5%, compared to 18.7% in the prior year.
The company reaffirmed its outlook for 2025 and highlighted its strategy to enhance long-term growth through the acquisition of Worldpay and the divestiture of Issuer Solutions. Global Payments also announced a dividend of $0.25 per share, which will be payable on June 27, 2025, to shareholders of record as of June 13, 2025. The management emphasized ongoing efforts to improve operational efficiency and client experiences while preparing for the integration of Worldpay into its business model.
linkMay 06, 2025 07:18:19
Global Payments Inc. has entered into a Shareholders Agreement with GTCR LLC and GTCR W Aggregator LP following the acquisition of Worldpay Holdco, LLC. As part of this agreement, the Company issued over 43 million shares of its common stock to the Chicago Aggregator and other equity holders of Washington, establishing terms regarding the ownership and transfer of these shares.
The agreement includes confidentiality provisions and restrictions on the transfer of shares by the Chicago Investors. Notably, there are lock-up periods during which no Chicago Investor can transfer a significant percentage of their shares, with specific allowances for permitted transfers. The Company must also be notified of any transfers, ensuring compliance with the established restrictions.
linkApr 21, 2025 07:46:35
Global Payments Inc. has announced agreements to divest its Issuer Solutions business to FIS for $13.5 billion and acquire Worldpay for a net purchase price of $22.7 billion. The combined entity will serve over 6 million customers and facilitate approximately 94 billion transactions annually, positioning Global Payments as a leading merchant solutions provider with expanded capabilities and market access across various sectors worldwide. This transaction is expected to enhance the company's financial profile and operational scale significantly.
The acquisition is anticipated to be modestly accretive in the first year post-close and is expected to generate approximately $600 million in annual run-rate cost synergies within three years. Global Payments has secured financing for the acquisition and plans to issue $7.7 billion in debt, while maintaining its investment-grade credit ratings. The transactions are subject to regulatory approvals and expected to close in the first half of 2026, with preliminary financial results for Q1 2025 indicating continued growth in adjusted earnings per share.
linkApr 17, 2025 08:38:32
Global Payments Inc. reported a notable increase in its fourth quarter 2024 results, with GAAP diluted earnings per share rising by 63% to $2.25 and adjusted earnings per share up 12% in constant currency to $2.95. The company achieved GAAP revenue of $2.52 billion, marking a 3% increase compared to the previous year, and adjusted net revenue grew by 6.5% in constant currency, reaching $2.29 billion. The operating margin also improved significantly, rising from 20.5% to 33.1% year-over-year, reflecting successful operational transformations and a unified global model that aims to enhance agility and execution of strategy. Additionally, the company announced a $250 million accelerated share repurchase plan and increased its expected operating income benefit from its transformation efforts to $600 million by mid-2027.
On the downside, despite the overall positive financial performance, Global Payments faced challenges with its operating expenses, which rose slightly, and the company noted a significant net loss related to business dispositions. The total assets decreased from $50.57 billion in 2023 to $46.89 billion in 2024, indicating potential concerns about asset management. Furthermore, the company also reported a decline in its cash and cash equivalents, which fell from $2.09 billion to $2.54 billion, raising questions about liquidity and operational cash flow amidst ongoing investments in transformation initiatives.
linkFeb 13, 2025 06:58:10
Global Payments reported a third quarter 2024 GAAP revenue of $2.60 billion, marking a 5% increase compared to the previous year, while adjusted earnings per share rose by 12% to $3.08. The company also announced a definitive agreement to sell AdvancedMD and initiated a $600 million accelerated share repurchase plan, reflecting its commitment to enhancing shareholder value. Additionally, the firm reaffirmed its outlook for the year, highlighting a focus on strategic transformation and operational efficiency.
Conversely, the GAAP diluted earnings per share decreased by 11% to $1.24, and the operating margin fell to 18.3% from 22.5% in the prior year. Operating income also experienced a decline of 14.8%, suggesting challenges in maintaining profitability amidst rising operational costs. Furthermore, the increase in selling, general, and administrative expenses by 17.7% indicates potential pressure on margins, raising concerns about cost management as the company pursues its growth strategy.
linkOct 30, 2024 07:00:53
Global Payments announced a successful second quarter, with earnings per share rising 40% to $1.47 and revenues increasing 5% to $2.57 billion. The company reaffirmed its positive outlook for 2024, expecting continued revenue and earnings growth. They also formed new partnerships in sports and are streamlining operations for better efficiency. However, they acknowledged potential economic challenges in the latter half of the year.
linkAug 07, 2024 07:03:30