Global Payments Inc. (NYSE: GPN) has reported its fourth-quarter and full-year 2024 results, showcasing significant growth and positive momentum. Let's dive into the key financial metrics:
In the fourth quarter of 2024: GAAP diluted earnings per share (EPS) stood at $2.25, marking a substantial 63% increase from the prior year. Adjusted EPS rose to $2.95, reflecting a 12% increase in constant currency. GAAP revenue reached $2.52 billion, up 3% from the previous year. Adjusted net revenue saw a notable increase, reaching $2.29 billion, a 6.5% rise in constant currency after excluding dispositions.
For the full year 2024: GAAP revenues totaled $10.11 billion, compared to $9.65 billion in 2023. Diluted earnings per share for the full year were $6.16, a significant increase from $3.77 in the prior year. Adjusted net revenues increased to $9.15 billion, up 6% from the previous year. Adjusted earnings per share also saw an 11% increase, reaching $11.55 in 2024.
Looking into 2025, the company has set growth targets consistent with its medium-term outlook. It expects constant currency adjusted net revenue growth to be in the range of 5% to 6%, excluding dispositions, while adjusted earnings per share growth is projected to be in the range of 10% to 11%. Additionally, annual adjusted operating margin is anticipated to expand by 50 basis points excluding dispositions. The company also plans to return approximately $2 billion to shareholders during the year.
Global Payments Inc. has also announced a dividend of $0.25 per share payable on March 28, 2025, to shareholders of record as of March 14, 2025.
Following these announcements, the company's shares moved -3.1%, and are now trading at a price of $105.44. For the full picture, make sure to review Global Payments's 8-K report.
