Global Payments ( NYSE: GPN ) posted third-quarter earnings that matched the average Wall Street estimate Monday and increased from a year ago, reflecting solid growth in its Merchant and Issuer segments.
Q3 adjusted EPS of $2.48 met the consensus and increased from $2.18 in the year-ago quarter.
Revenue of $2.29B topped the average analyst estimate of $2.04B and rose from $2.20B a year before.
Expenses totaled $1.9B compared with $1.8B at Sep. 30, 2021.
Operating income slipped to $386.4M from $400.1M in Q3 of last year.
Merchant Solutions segment saw revenue of $1.6B drift up from $1.5B a year ago. Issuer Solutions revenue was $566.04M, up from $545.49M in Q3 2021. And Consumer Solutions revenue of $147.34M decreased from $183.6M in Q3 2021.
For 2022, the company reaffirmed its outlook in constant currency adjusted net revenue growth of 10% to 11% from a year before, excluding dispositions. It also continues to expect adjusted earnings per share on a constant currency basis to be in a range of $9.53 to $9.75 compared with the $9.39 consensus. Adjusted operating margin expansion of up to 170 basis points increased from the prior view of up to 150 bps.
Earlier, Global Payments declared a quarterly dividend of $0.25 a share .
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Global Payments Q3 earnings bolstered by Merchant, Issuer businesses