Global Payments — Feb 13, 2025 release
Fiscal 2024 fourth-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001123360-25-000004
Showing in the filing
Annual run-rate operating income benefits
“more than $600 million”
Period
FY2027
Measure
GAAP-tied
Source
Prose
All guidance in this release · 16
Accelerated share repurchase plan for FY2025
“$250 million”
Annual run-rate operating income benefits for FY2027
“more than $600 million”
Expected operating income benefit from opera… for FY2027
“more than $600 million”
Constant currency adjusted net revenue growt… for FY2025
“5% to 6%”
Annual adjusted operating margin expansion, … for FY2025
“50 basis points”
Capital returned to shareholders for FY2025
“approximately $2 billion”
Dividend per share for FY2025
“$0.25 per share”
GAAP revenues for FY2025
“0% to 1%”
Adjustments (1) for FY2025
“0%”
FX impact (Revenues) for FY2025
“~2%”
Constant currency (CC) adj net revenue for FY2025
“2% to 3%”
Dispositions (Revenues) for FY2025
“~3%”
GAAP diluted EPS for FY2025
“4% to 5%”
Adjustments (2) for FY2025
“~4%”
Constant currency adjusted earnings per shar… for FY2025
“10% to 11%”
Constant currency adjusted EPS for FY2025
“10% to 11%”
Exhibit 99.1 · the passage around this item
… earlier in the release
"We delivered solid financial performance consistent with our expectations, while also successfully reorienting to a unified operating model globally to address our complexity, enhance our agility and better position the business to execute against our refreshed strategy.” Bready continued, “We are pleased with the progress we have made since commencing our transformation to unlock substantial value and position the business for long-term sustainable growth and success. We now expect to deliver more than $600 million of annual run-rate operating income benefits through our transformation by the first half of 2027.” Bready concluded, “As we look ahead, we remain confident that we are on the right path with our renewed strategic focus to reach our aspiration to become the worldwide partner of choice for commerce solutions.” 1 Exhibit 99.1 Fourth Quarter 2024 Summary • GAAP revenues were $2.52 billion, compared to $2.43 billion in 2023; diluted earnings per share were $2.25, compared to $1.38 in the prior year; and operating margin was 33.1%, compared to 20.5% in the prior year. • Adjusted net revenues increased 5% (6.5% constant currency excluding dispositions) to $2.29 billion, compared to $2.19 billion in the fourth quarter of 2023. • Adjusted earnings per share increased 11% (12% constant currency) to $2.95, compared to $2.65 in the fourth quarter of 2023. • Adjusted operating margin expanded 40 basis points to 45.2%. Full Year 2024 Summary • GAAP revenues were $10.11 billion, compared to $9.65 billion in 2023; diluted earnings per share were $6.16, compared to $3.77 in the prior year; and operating margin was 23.1%, compared to 17.8% in the prior year. • Adjusted net revenues increased 6% to
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.