Global Payments, Inc.

Strong Financial Performance: Global Payments delivered adjusted net revenue of $9.15 billion in 2024, representing a 6% increase from the previous year, with Q4 adjusted net revenue of $2.29 billion (5% growth). Adjusted operating margin improved to 45%, and adjusted earnings per share rose by 11% to $11.55 for the full year.

Transformation Agenda Progress: The company is executing a significant transformation program aimed at streamlining operations and driving growth. Early signs of success are evident through increased collaboration across departments, improved operating efficiencies, and higher operating income benefits than initially anticipated, with an expected annual run rate benefit exceeding $600 million by mid-2027.

Outlook for 2025: For 2025, Global Payments forecasts adjusted net revenue growth of 5% to 6%, excluding the impact of dispositions. They expect adjusted earnings per share to grow between 10% to 11%, with adjusted operating margin expansion of approximately 50 basis points. The anticipated impact from foreign currency is a headwind of roughly 175 basis points.