Global Payments Inc. results revealed the business accelerated solidly in the second quarter of 2021, as the company continued to expand its competitive moat through leading strategic partnerships.
GPN down 4.56%
GAAP revenues increased to $2.14 in the second quarter of 2021 compared to $1.67 billion in the same period last year.
Diluted earnings per share rose to $0.89 compared to $0.122 in the prior year, and the operating margin expanded to 17.0% compared to 6.4% in the prior year.
The adjusted net revenues increased to 28% to $1.94 billion in 2021, higher than the $1.52 billion recorded in the second quarter of 2020.
The adjusted earnings per share expanded by 56% to $2.04, compared to $1.31 in the second quarter of 2020. The adjusted operating margin of 41.8% increased by 480 basis points.
GlobalPayments integrated business by 53% in the second quarter and acquired businesses globally, generating 46% growth despite the lagging pandemic recovery in overseas markets.