PRESS RELEASE
 
globalpaymentslogoa03.jpg

Global Payments Reports Record Annual Results for 2018 and
Establishes 2019 Growth Outlook
 
ATLANTA, February 13, 2019
-- Global Payments Inc. (NYSE: GPN) today announced results for the fourth quarter and year ended December 31, 2018.
“In 2018, we produced the best financial performance in our history, culminating with strong momentum across our businesses in the fourth quarter,” said Jeff Sloan, Chief Executive Officer. “Successful execution of our strategy has created a more diverse, predictable and resilient business model entering 2019.”
“We believe the advantages of our technology-enabled, software-driven strategy will continue to differentiate our company, with a balanced approach across owned SaaS, partnered software and ecommerce and omnichannel assets,” Sloan continued. “The positive outlook for our business is reflected in our absolute and relative growth expectations for 2019.”

Full-Year 2018 Summary
GAAP revenues were $3.37 billion, compared to $3.98 billion in 2017; diluted earnings per share were $2.84 compared to $3.01 in the prior year; and operating margin was 21.9% compared to 14.1% in 2017; 2018 results reflect the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers.
Adjusted net revenue plus network fees grew 15% to $3.97 billion, compared to $3.46 billion in 2017.
Adjusted earnings per share grew 29% to $5.19, compared to $4.01 in 2017.
Adjusted operating margin expanded 130 basis points to 31.7%.

Fourth Quarter 2018 Summary
GAAP revenues were $881 million, compared to $1.05 billion in the fourth quarter of 2017; diluted earnings per share were $0.47 compared to $1.51 in the prior year; and operating margin was 19.0% compared to 14.2% in the fourth quarter of 2017; 2018 results reflect the adoption of Accounting Standards Codification Topic 606, Revenue from Contracts with Customers.
Adjusted net revenue plus network fees grew over 12% to $1.04 billion, compared to $923.7 million in the fourth quarter of 2017.
Adjusted earnings per share grew 24% to $1.33, compared to $1.07 in the fourth quarter of 2017.
Adjusted operating margin expanded 80 basis points to 31.6%.
 

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The following information was filed by Global Payments Inc (GPN) on Wednesday, February 13, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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