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Investing.com -- Global Payments Inc (F:GPN) reported first quarter earnings on Tuesday that exceeded analyst expectations, but shares fell 2% as investors digested the company’s outlook for 2025.
The payment technology company posted adjusted earnings per share of $2.82 for the first quarter, surpassing the analyst consensus of $2.73 by $0.09. Revenue came in at $2.2 billion, matching analyst estimates.
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The company reaffirmed its full-year 2025 outlook, projecting constant currency adjusted net revenue growth of 5% to 6%, excluding dispositions.
It also expects constant currency adjusted earnings per share growth of 10% to 11% for the year.
"We are pleased with our positive start to the year, which included constant currency growth for both our Merchant and Issuer businesses, excluding dispositions, consistent with where we exited 2024 despite heightened market volatility," said Josh Whipple, chief financial officer.
Global Payments anticipates annual adjusted operating margin expansion of 50 basis points, excluding dispositions. The company expressed confidence in its ability to integrate Worldpay and realize synergy benefits, citing progress on its transformation plan.
The outlook assumes a macroeconomic environment consistent with current conditions. Global Payments did not provide specific revenue or earnings guidance for the upcoming second quarter.
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