Global Payments meets Q3 adjusted revenue, EPS estimates
Overview
U.S. payment tech firm's Q3 adjusted net revenue rose 31% and met analyst expectations
Adjusted EPS for Q3 increased 10% and met consensus
Company raised Worldpay integration synergy target to $650 mln annually
Outlook
Global Payments reaffirms 2026 full-year outlook and capital return plan
Company expects 2026 normalized, constant currency adjusted net revenue growth of about 4%-5%
Global Payments sees 2026 adjusted EPS at $13.60-$13.80
Result Drivers
WORLDPAY INTEGRATION - Co said progress on Worldpay integration led it to raise annual run-rate expense synergy target to $650 mln
PRODUCT AND CLIENT FOCUS - Co said strategy centers on differentiated products, client experience and expanding distribution to drive growth
SCALE AND EXECUTION - Co said increased scale and disciplined execution supported margin expansion and free cash flow generation
Company press release:
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Revenue | $3.31 bln | ||
Q3 Adjusted Revenue | Meet | $3.18 bln | $3.18 bln (28 Analysts) |
Q3 Adjusted EPS | Meet | $3.58 | $3.58 (32 Analysts) |
Q3 EPS | $1.06 | ||
Q3 Adjusted Operating Margin | 42.50% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy", 19 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the business support services peer group is "buy"
Wall Street's median 12-month price target for Global Payments Inc is $103.00, about 7.2% above its November 4 closing price of $96.09
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 6 three months ago
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)