Global Payments Third Quarter 2024 Earnings: EPS Misses Expectations

Simply Wall St

November 01, 2024

Global Payments (NYSE:GPN) Third Quarter 2024 Results

Key Financial Results

Revenue: US$2.60b (up 5.1% from 3Q 2023).
Net income: US$315.1m (down 13% from 3Q 2023).
Profit margin: 12% (down from 15% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$1.24 (down from US$1.39 in 3Q 2023).

earnings-and-revenue-growth — NYSE:GPN Earnings and Revenue Growth November 1st 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Global Payments EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 20%.

Looking ahead, revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are up 4.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Global Payments you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.