Global Payments Reports 7.5% Year-Over-Year Revenue Increase in Q2 FY2023

☀️Earnings Overview

On August 1, 2023, GLOBAL PAYMENTS ($NYSE:GPN) reported financial results for the second quarter of FY2023, ending June 30, 2023. Total revenue rose 7.5% year-over-year to USD 2452.5 million, and net income increased 140.7% year-over-year to USD 274.2 million.

Analysis

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About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Global Payments. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Global Payments. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Global Payments. More…

Key Ratios Snapshot

Some of the financial key ratios for Global Payments are shown below. More…

Peers

The company operates in three segments: Merchant Services, Issuer Solutions and Card Services. Global Payments Inc’s main competitors are The Brink’s Co, Thomson Reuters Corp and BLS International Services Ltd.

– The Brink’s Co ($NYSE:BCO)

Brink’s Company is a provider of security and logistics services. The company operates in more than 50 countries and employs over 70,000 people. The company has a market cap of 2.85B as of 2022 and a ROE of 97.45%. Brink’s provides a broad range of services including cash management, ATM servicing, armored car transportation, and security solutions for businesses and governments.

– Thomson Reuters Corp ($TSX:TRI)

Thomson Reuters Corp is a large Canadian multinational media and information company with a market cap of 67.4 billion as of 2022. It has a wide range of businesses including news, information and analytics, and tax and accounting software. Its return on equity was 7.59% in 2020.

– BLS International Services Ltd ($BSE:540073)

BLS International Services Ltd is a market leader in the provision of outsourced visa and passport processing services. The company has a strong focus on customer service and has a proven track record in the delivery of high quality services. BLS International Services Ltd has a market capitalisation of 68.62B as of 2022 and a return on equity of 13.87%. The company offers a wide range of services including visa processing, passport processing, identity management and biometric services.

Summary

Global Payments has had a strong second quarter in FY2023, with total revenue of USD 2452.5 million and net income of USD 274.2 million, representing 7.5% and 140.7% year-over-year growth respectively. This news has been well received by investors, evidenced by the stock price moving up on the day of the announcement. Global Payments is a promising stock for investors looking for continued growth and returns. Its financials have been on an upward trend and it appears to be well positioned to continue that trajectory into the future.