Stock Data
$2.43 (2.83%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
INDUSTRIALS
Industry
SPECIALTY BUSINESS SERVICES
Global Payments Inc. is a leading provider of payment technology and software solutions, specializing in facilitating card, check, and digital-based transactions across the Americas, Europe, and Asia-Pacific. The company operates in two main areas: Merchant Solutions, which includes services like payment processing, customer support, and enterprise software solutions for various industries; and Issuer Solutions, offering management tools for financial institutions and retailers' card portfolios, as well as commercial payment solutions. Founded in 1967 and based in Atlanta, Georgia, Global Payments Inc. markets its products through a variety of channels, including direct sales and partnerships.
The Worldpay bet is starting to show up in the numbers: normalized adjusted operating margin expanded 70 basis points to 42.0% in the first full quarter as a pure-play commerce provider. Management guided full-year adjusted EPS to $13.60 to $13.80 even with Middle East conflict pressuring the travel portfolio.
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