Global Payments Inc. · NYSE:GPN
Global Payments — Q4 2024 Earnings Presentation
14 slides from Global Payments's earnings presentation, Feb 13, 2025
Slide 1: 4Q and full year 2024 earnings
4Q and full year 2024 earnings February 13, 2025
Slide 2: Forward-looking statements
Forward-looking statements This presentation may contain certain forward-looking statements within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on current expectations, estimates and projections
Slide 3: 4Q 2024 highlights
Delivered accelerated constant currency ex-disposition growth in Merchant and Issuer businesses consistent with prior outlook Completed sale of AdvancedMD Executed $650M of share repurchases including accelerated repurchase 4Q 2024 program Produced strong adjusted free cash flow with 110% conversion
Slide 4: 4Q and full year 2024 financial performance
4Q and full year 2024 financial performance Adjusted net Adjusted Adjusted revenue growth operating margin EPS $2.29B 45.2% $2.95 4Q 2024 +5% +40 bps +11% +6.5% constant currency +12% constant currency1 1,2 ex-dispositions $9.15B 45.0% Full year 2024 $11.55 +6% +40 bps +11% +>6% constant currency +11
Slide 5: Segment financial performance
Segment financial performance Merchant Issuer Solutions Solutions 4Q 2024 4Q 2024 Adjusted net revenue Adjusted operating margin Adjusted net revenue Adjusted operating margin $1.8B +6% 48.3% +60 bps $542M +2% 46.9% -40 bps +>7% constant currency +3% constant currency1 ex-dispositions1,2 Full year 20
Slide 6: 2024 key metrics
2024 key metrics MERCHANT ISSUER POS & Integrated & Core Issuer Software Embedded Payments Solutions Adj. net revenue High-single-digit High-single-digit Mid-single-digit Mid-single-digit growth1 Bookings New POS New ARR2 New partners New ARR2 New partners Traditional accounts growth locations on fil
Slide 7: 2025 outlook
2025 outlook Adjusted net revenue growth (constant currency ex-dispositions) 5% to 6% 90%+ Adjusted free cash flow Adjusted operating margin expansion (ex-dispositions) conversion ~50 bps ~$2B Adjusted EPS growth (constant currency) Return of capital to 10% to 11% shareholders 7 See appendix for info
Slide 8: Non-GAAP financial measures
Non-GAAP financial measures Global Payments supplements revenues, operating income, operating margin, EPS and net operating cash flows determined in accordance with U.S. GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial measures) in this document to assis
Slide 9: Reconciliation of Non-GAAP Financial Measures Consolidated (unaudited)
Reconciliation of Non-GAAP Financial Measures Consolidated (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. For the three months ended December 31, 2024
Slide 10: Reconciliation of Non-GAAP Financial Measures Consolidated (unaudited)
Reconciliation of Non-GAAP Financial Measures Consolidated (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. For the years ended December 31, 2024 and 20
Slide 11: Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited)
Reconciliation of Non-GAAP Financial Measures Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company
Slide 12: Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited)
Reconciliation of Non-GAAP Financial Measures Segment Adjusted Net Revenue and Adjusted Operating Income (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company
Slide 13: Adjusted Free Cash Flow (unaudited)
Reconciliation of Non-GAAP Financial Measures Adjusted Free Cash Flow (unaudited) (1) Includes certain cash payments related to the closing of the sale of the AdvancedMD business (2) Includes certain cash payments related to the business transformation and reorganization activities Note: Amounts may
Slide 14: 2025 Outlook Summary (unaudited)
Reconciliation of Non-GAAP Financial Measures 2025 Outlook Summary (unaudited) (1) Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefit to the company. Amounts also included adjustments to