Global Payments Sees Positive Revenue Growth of 4.7% in Q2 Earnings Update
Global Payments Inc. [GPN] reported a profit of $572.6 million for the second quarter ending June 30, 2024. This represents a slight decrease from the profit of $602.7 million in the previous quarter.
The company, headquartered in Atlanta, Georgia, reported to SEC in an 8-K filing $1.47 earnings per share in the quarter, compared to $1.05 in the previous quarter.
Global Payments Inc., a leading player in the Financial Services sector, reported a revenue of $2.57 billion in the most recent period, showing a 4.7% increase from the previous quarter.
Global Payments Inc. also experienced a 5.5% rise in revenue compared to the same quarter in the previous year. The company saw a notable 114.6% increase in profit for the current quarter compared to the profit in the same quarter of the previous year.
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As of August 7, 2024 end of day trading.
Dollars in millions | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
|---|
Income Statement |
| Revenue | $2,420.2 | $9,654.4 | $2,475.7 | $2,452.5 |
| Operating Profit | $452.3 | $1,716.4 | $558.2 | $602.7 |
| Net Income | $323.1 | $1,028.8 | $376.6 | $284.2 |
| Net Cash | $70.8 | $41.3 | -$105.7 | -$101.3 |
| Gross Margin | $1,497.8 | $5,926.9 | $1,560.2 | $1,510.5 |
| Operating Margin | $0.0 | $0.0 | $0.0 | $0.0 |
| Profit as % of Revenues | 61.89 | 61.39 | 63.02 | 61.59 |
| Profit as % of Assets | 0.63 | 2.16 | 0.80 | 0.61 |
| Profit as % of Stockholder Equity | 1.41 | 4.42 | 1.66 | 1.27 |
| Return on Equity | 1.41 | 4.42 | 1.66 | 0.77 |
| Return on Assets | 0.62 | 2.03 | 0.77 | 0.36 |
| Turnover Ratio | 0.05 | 0.20 | 0.05 | 0.05 |
Balance Sheet |
| Total Assets | $51,774.8 | $50,570.2 | $48,924.6 | $48,150.9 |
| Total Liabilities | $28,788.6 | $26,782.7 | $25,766.7 | $25,235.4 |
Cash Flow Statement |
| Operating Cash Flow | $416.3 | $2,248.7 | $1,591.3 | $1,164.5 |
| Investing Cash Flow | -$148.0 | -$4,361.1 | -$4,119.7 | -$4,001.5 |
| Financing Cash Flow | -$163.4 | $2,141.1 | $2,458.4 | $2,701.3 |
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