Global Payments Inc.: Will The Healthy Booking Trends in Vertical Market Businesses Last?

Global Payments Inc. reported its first quarter 2024 financial results, which exceeded expectations amidst a challenging macroeconomic environment. The company recorded a 7% adjusted net revenue growth and notable margin expansion. The Merchant Solutions business posted several quarters of robust organic growth, buoyed by strong consumer trends and partnerships within vertical markets and point-of-sale sectors. Trends in embedded payment solutions continue to stimulate market demand, with double the new strategic integrated partnerships signed, compared to the previous year. Adoption of commerce enablement and value-added solutions has also seen an uptick.