Global Payments (GPN) stood out on the S&P 500 Wednesday with impressive second-quarter results and positive outlooks on its streamlining efforts. The fintech company reported $2.57 billion in revenue, a 5% increase year-over-year, surpassing analyst expectations. Earnings per share (EPS) reached $1.47, a 40% rise, though slightly below forecasts.
CEO Cameron Bready highlighted the company’s progress, noting a high single-digit revenue growth and double-digit EPS increase, excluding last year’s Netspend sale. The firm continues to streamline operations, expecting full-year adjusted revenue growth of 6-7% and EPS growth of 11-12%, with an anticipated margin increase of up to 50 basis points. Shares rose nearly 7% to $99.46, yet are down over 21% year-to-date.