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GlobalPayments’ Net Revenues Rose by 28% in the Second Quarter of 2020

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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.

Source: GlobalPayments

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.

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