The company said consolidated revenues for the 3-month period ended March 31, 2024 rose 5.6% to $2,420.2 million from $2,292.4 million a year earlier. Merchant Solutions revenues were $1,834.1 million, up 14.2%, and Issuer Solutions revenues were $602.7 million, up 5.6%.

1. 01

   The company said consolidated revenues for the 3-month period ended March 31, 2024 rose 5.6% to $2,420.2 million from $2,292.4 million a year earlier. Merchant Solutions revenues were $1,834.1 million, up 14.2%, and Issuer Solutions revenues were $602.7 million, up 5.6%.

2. 02

   Global Payments said operating income for the 3-month period ended March 31, 2024 was $452.3 million, with an operating margin of 18.7%, compared with $56.7 million (2.5%) a year earlier. The prior-year figure included a loss on business disposition of $244.8 million related to the sale of the consumer business.

3. 03

   The company issued $2.0 billion in 1.500% convertible unsecured senior notes due March 2031 through a private placement on February 23, 2024, and paid $256.3 million for capped call transactions. It used $800.0 million for share repurchases over the 3 months, and as of March 31, the remaining authorization was $1,471.9 million.

4. 04

   The company said net cash provided by operating activities was $416.3 million for the 3-month period ended March 31, 2024 (compared with $599.5 million a year earlier), net cash used in investing activities was $148.0 million, and net cash used in financing activities was $163.4 million. Cash and cash equivalents were $2,167.6 million as of March 31.

Key figures

Quarter ended March 31, 2024

Revenue

$2.4B

Operating income

$452M

Net income

$313M

EPS

$1.22

Operating cash flow

$416M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.