Global Payments Inc.

Global Payments announced a robust third-quarter results, exceeding expectations amid an unpredictable macroeconomic landscape and a stronger-than-anticipated dollar. The company achieved a 9% growth in consolidated adjusted net revenue and an 11% increase in adjusted earnings per share, demonstrating the resilience and consistency of execution by its global teams. Despite a 700 basis point headwind from the divestiture of Netspend’s consumer assets, the company expanded adjusted operating margins by 50 basis points. Strong organic growth persisted in the Merchant Solutions segment, driven by technology-enabled offerings. The integrated business saw a 33% increase in new bookings, reflecting confidence in the company’s differentiated capabilities, especially evident in the success of the ProFac model. Notable partnerships and strong performance were observed in various vertical market software businesses, including Zego, ACTIVE Network, and TouchNet. The POS software business reported growth. With distinctive distribution channels and unrivaled local service and support, Global Payments remains enthusiastic about the global growth prospects of its POS business. Issuer and B2B segments also contributed to the positive performance. Besides these performances, they introduced an innovative omnichannel solution in Australia, which has the potential to transform how businesses engage with their consumers.