NYSE$GPN

Global Payments Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Global Payments reported solid financial performance for Q3 2020, driven by market recovery, business mix, and cost management.

Global Payments Inc. announced its Q3 2020 results, demonstrating substantial improvement across markets and significant margin expansion. The company reported GAAP revenues of $1.918 billion and adjusted earnings per share of $1.71, a 1% increase compared to the third quarter of 2019. The company also raised its expectations for annual run rate expense synergies from the TSYS merger to $375 million.

  • GAAP revenues were $1.918 billion, compared to $1.106 billion in the third quarter of 2019.
  • Adjusted net revenues declined 4% to $1.746 billion, compared to $1.820 billion in the third quarter of 2019 on a combined basis.
  • Adjusted earnings per share increased 1% to $1.71, compared to $1.70 in the third quarter of 2019.
  • Adjusted operating margin of 41.1% expanded 250 basis points on a combined basis.

Headline financials

Total Revenue

$1.92B

Previous: $1.11B+73.4%
EPS (adj)

$1.71

Previous: $1.70+0.6%
Adjusted Operating Margin

41.1%

No prior period
Free Cash Flow

$221M

Previous: $95M+132.5%
Net Income

$221M

Previous: $95M+132.5%
Operating Income

$290M

Previous: $174M+66.9%
Gross Profit

$1.02B

Previous: $678M+49.9%
Cash & Equivalents

$2.22B

Previous: $2.13B+4.4%
Total Assets

$44.5B

Previous: $45.2B-1.5%
Stock-Based Comp

$42.3M

Previous: $27.9M+51.7%

Revenue & EPS history

Global Payments · Revenue · Quarterly

$1.92B

Q3 2020+73.4%vs Q3 2019
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Global Payments · $1.73B total across 2 segments · Q3 2020

  • Merchant Solutions
    $1.24B
  • Issuer Solutions
    $487M

Forward guidance

Global Payments is focused on delivering innovative software and services to customers globally.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+0.8%

Avg return

Earnings day

+0.1%

Avg return

5 days after

+0.3%

Avg return

30 days after

60%

39 / 65 earnings

Positive

+15.5%

Q4 2025

Best reaction

-12.3%

Q2 2021

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.4%-2.4%-4.5%
Q4 2025+15.5%+13.9%-1.8%
Q3 2025+3.8%-1.4%+3.4%
Q1 2025+0.0%+1.6%-4.1%
Q4 2024-4.3%-1.6%-13.4%
Q3 2024+4.7%+6.2%+20.1%
Q2 2024+11.9%+8.0%+16.1%
Q1 2024-10.0%-9.5%-17.0%
Q4 2023+1.3%-1.4%-4.5%
Q3 2023+5.0%+9.6%+12.2%
Q2 2023+10.6%+11.2%+14.9%
Q1 2023-10.6%-7.0%-13.3%
Q4 2022+2.8%+5.7%-10.4%
Q3 2022-9.3%-22.2%-17.2%
Q2 2022+3.4%+4.6%+1.6%
Q1 2022-6.5%-11.7%-6.9%
Q4 2021+0.2%-1.7%-13.2%
Q3 2021-7.5%-6.2%-16.5%
Q2 2021-12.3%-8.9%-16.0%
Q1 2021-5.8%-5.2%-9.0%
Q4 2020+2.5%-0.5%+5.7%
Q3 2020-0.9%+4.3%+23.8%
Q2 2020-2.1%-1.8%+3.8%
Q1 2020+4.7%+3.4%+13.4%
Q4 2019-0.2%+1.6%-14.9%
Q3 2019+4.1%+0.6%+9.4%
Q2 2019-2.1%-5.8%-3.4%
Q1 2019+1.3%+0.1%+6.9%
Q4 2018+3.5%+5.0%+14.2%
Q3 2018+5.0%+5.3%+1.8%
Q2 2018+6.1%+5.5%+11.3%
Q1 2018+0.2%+1.2%+0.7%
Q4 2017+6.3%+6.6%+9.7%
Q3 2017-4.4%-4.1%-4.4%
Q2 2017+2.4%+1.6%+0.1%
Q1 2017+6.1%+7.6%+13.9%
Q4 2016-4.8%-8.8%-2.9%
Q3 2016+10.1%
Q2 2016-6.6%
Q1 2016+14.8%
Q4 2015+9.3%
Q3 2015+6.9%
Q2 2015+7.8%
Q1 2015+10.9%
Q4 2014-1.1%
Q3 2014-5.0%
Q2 2014+3.3%
Q1 2014+10.6%
Q4 2013-5.6%
Q3 2013-9.4%
Q2 2013+6.3%
Q1 2013-3.3%
Q4 2012+3.7%
Q3 2012-1.3%
Q2 2012-3.9%
Q1 2012+4.5%
Q4 2009+0.2%
Q4 2011+0.2%
Q3 2010+1.6%
Q3 2011+1.6%
Q2 2010+0.0%
Q2 2011+0.0%
Q1 2010-8.5%
Q1 2011-8.5%
Q4 2010-8.5%

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