Global Payments reaffirms FY24 guidance

“We are pleased with our financial performance in the second quarter, and overall execution across the business,” said Josh Whipple, chief financial officer. Whipple continued, “The company continues to expect adjusted net revenue to be in a range of $9.17 billion to $9.30 billion, reflecting growth of 6% to 7%, and adjusted earnings per share to be in a range of $11.54 to $11.70, reflecting growth of 11% to 12% over 2023. Annual adjusted operating margin for 2024 is still expected to expand by up to 50 basis points.” Whipple concluded, “Our outlook continues to reflect the potential for a slightly more tempered economic environment in the second half of 2024.” FY24 EPS/revenue consensus $11.60/$9.22B, respectively.