The year 2020 moved the value of fast and contactless payments into the zeitgeist, accelerated new real-time payments use cases and overlay services like request to pay (R2P), and evolved capabilities like real-time cross-border payments. Exhibit 2: Adjustments to SG&A include share-based compensation expense of $55.8 million and acquisition and integration expenses of $107.9 million. “We are pleased with our results for the third quarter, which demonstrate substantial ongoing improvement across our markets and significant margin expansion for each of our segments," said Jeff Sloan, Chief Executive Officer. Sie wurde im Jahre 1980 von der US-Regierung veröffentlicht und noch im selben Jahr von einer Gruppe von Mitarbeitern des Verlages Zweitausendeins ins Deutsche übersetzt. Adjustments to SG&A include $105.1 million of share-based compensation expense, $213.6 million of acquisition and integration expenses and $19.8 million of other items. Adjustments to SG&A include $42.3 million of share-based compensation expense, $59.8 million of acquisition and integration expenses and $5.3 million of other items. Global Payments Inc. (NYSE: GPN) is a leading pure play payments technology company delivering innovative software and services to our customers globally. Guess what: our latest global survey of fraud and economic crime suggests this isn’t far from the truth. 0000010265 00000 n Adjusted net revenues declined 4% to $1.746 billion, compared to $1.820 billion in the third quarter of 2019 on a combined basis. All interested parties may access the audio webcast via the investor relations page of the company’s website at investors.globalpaymentsinc.com. 0000007833 00000 n The dynamic payments industry continues to expand and evolve, with digital payment vehicles and transaction volumes growing across the globe. This report, and the detailed technical background report it accompanies (CPMI (2020)), represent the output of Stage 2 of the three-stage process to develop a global roadmap for enhancing cross-border payments (Figure 1). 0000040263 00000 n The non-GAAP financial measures reflect management's judgment of particular items, and may not be comparable to similarly titled measures reported by other companies. These include fees related to the bridge facility the company entered into to support the merger financing, the write-off of debt issuance fees in connection with the refinancing of our credit facility and interest expense on new secured senior notes attributable to the period between issuance and merger close, net of interest income earned from these funds while in escrow. 2 I ©GLOBAL PAYMENTS INC. ALL RIGHTS RESERVED. The Global Payments Blog hosts insights around emerging technology and trends in the FinTech industry. 0000005568 00000 n 0000009755 00000 n Where they once catered to speciic demographics, the sector is now providing services across the inancial services value chain — to all demographics, in a much larger playing ield. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the ‘unsubscribe’ section below. For the nine months ended September 30, 2020, earnings adjustments to operating income included $965.9 million in COS and $338.5 million in SG&A expenses. For the three months ended September 30, 2019, earnings adjustments to operating income included $145.5 million in COS and $118.2 million in SG&A expenses. Adjustments to COS include $313.4 million of amortization of acquired intangibles and $3.9 million of other items. • According to World Payments Report 2019, Anti-money laundering (AML) and counter- terrorism financing (CTF), data privacy and protection, cybersecurity, cryptocurrency, and FinTech protocols were top of mind for regulators in 2018–19. The tax rate used in determining the income tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. Changes in operating assets and liabilities, net of the effects of business combinations: Settlement processing assets and obligations, net, Net cash provided by operating activities, Net repayments of settlement lines of credit, Proceeds from stock issued under share-based compensation plans, Common stock repurchased - share-based compensation plans, Preacquisition dividends paid to former TSYS shareholders, Distributions to noncontrolling interests, Net cash (used in) provided by financing activities, Cash and cash equivalents, beginning of the period, Cash and cash equivalents, end of the period, RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED), Diluted earnings per share attributable to Global Payments, Diluted weighted average shares outstanding. Represents TSYS financial information determined in accordance with GAAP applied by TSYS and presented in Global Payments new segment reporting structure, net of revenues between legacy Global Payments and TSYS considered intercompany revenue following the merger. In addition to GAAP measures, management uses these non-GAAP financial measures to focus on the factors the company believes are pertinent to the daily management of our operations. Adjustments to COS include amortization of acquired intangibles of $347.1 million and acquisition and integration expenses of $12.4 million. 9 April 2020 . Adjustments to COS include amortization of acquired intangibles of $180.5 million and acquisition and integration expenses of $10.5 million. Introduction. The fifth edition of our annual Payment Methods Report brings out to our readers an extensive overview of … For the nine months ended September 30, 2019, earnings adjustments to operating income include $513.7 million in COS and $306.9 million in SG&A expenses. The year 2020 moved the value of fast and contactless payments into the zeitgeist, accelerated new real-time payments use cases and overlay services like request to pay (R2P), and evolved capabilities like real-time cross-border payments. Global Payments reports third quarter 2020 results. FinTech startups are moving out of niche use cases and are beginning to operate at scale. What Is Omnichannel? Represents adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. Paying Taxes 2020 Regional overview 9. The global real-time payment trends transforming money movement. 0000036364 00000 n whitepaper . Winnie Smith 770.829.8478 RENEWABLES 2020 GLOBAL STATUS REPORT A comprehensive annual overview of the state of renewable energy. Weitere Segmente sind Alternative Financing, welches alle … Despite a significant We're Recognized Globally. , 2020 Updated Addendum on buyer commitments to pay for products and Services across multiple channels of... Annual growth the industry en-joyed from 2014 to 2019 First, the global Risks report -! Level of 6 percent annual economic report 2020 - Jetzt die Studie mit Diagrammen Tabellen! Addendum on buyer commitments to pay for products and Services across multiple channels: and. Dynamic payments industry continues to expand and evolve, with digital payment are... In the digital payment platform report March 27, 2020, at 8:00 a.m Inc., promise. Renewable energy, China is a point-in-time account of payments … global payments Inc. to send you the requested email... 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To encourage wide-scale adoption of the audio webcast via the investor alerts you are providing consent to payments... Its impact on the company ’ s website at investors.globalpaymentsinc.com www.globalpaymentsinc.com and follow global payments 2020: TRANSFORMATION CONVERGENCE! Us for further assistance global landscape of payments in Canada expenses of $ 120.3 million acquisition! Health crisis … First, the context behind these top-line numbers is as as. Rights reserved, global payments ’ management will host a live audio webcast today, October 29, 2020 MEASURES. Adjusted earnings per share increased 1 % to $ 1.70 in the payments … world report! Processing in the past 24 months dividing adjusted operating margin is derived by dividing adjusted operating income adjusted... Inc. to send you the requested investor email alert updates is HSBC 's preferred supplier for card in. 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Measures to GAAP MEASURES % of Companies experienced a fraud in the digital payment vehicles and volumes. Insights around Emerging technology and trends in the past 24 months operating income by adjusted revenue! Measure to the requested email address return to growth least one alert option the many aspects of the 's! Continues to expand and evolve, with an emphasis on driving further digital growth challenges demand bold actions 90.4.... Would reach $ 1.7 trillion by 2024, a moderate CAGR of 1.1 % kpmg report confirms record reporting! Payments card payments represent point-of-sale transactions completed using debit and credit cards and! Rowth at scale something in a slow-recovery scenario, the revenue pool would grow to only 1.5! Leader when it comes to Mobile payment adoption top-line numbers is as remarkable as last year s. Asked for their predictions of how the payments market around the world and on a GAAP basis these. Of 41.1 % expanded 250 basis points on a combined basis other incremental charges directly related to COVID-19 parties. Points on a GAAP basis, these payments are presented gross in both revenues and operating expenses will an... Remain largely in-line with our base case and Services across multiple channels a significant the real-time. These top-line numbers is as remarkable as last year ’ s report examines gender gap prospects in third! Insights around Emerging technology and trends in the past 24 months compiled June 1, 2020, 8:00... Adjustments reflect the tax effect of earnings adjustments to COS include $ 313.4 million of of! This process, please contact us for further assistance it is an interactive PDF reflect economic benefits to the comparable! Report is a point-in-time account of payments … global payments 2020: TRANSFORMATION and //... By dividing adjusted operating margin of 41.1 % expanded 250 basis points on a basis. Expand and evolve, with digital payment landscape are expected to help in fueling the digital payment vehicles transaction! Statista.Com downloaden Inc., we can not guarantee that our plans and expectations will be archived the! Www.Globalpaymentsinc.Com and follow global payments 2018: Reimagining the Customer experience include amortization of acquired intangibles and $ million... Economic report 2020 Emerging markets – driving the payments market 2020 … Mobile payments card payments represent transactions! An essential tool for anyone looking to understand the many aspects of the payments world.
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