HighGravityDataGlobal Payments — Apr 17, 2025 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001104659-25-035771
Showing in the filing
Pro forma 2025 annual adjusted net revenue
“approximately $12.5 billion”
Period
FY2025
Measure
Company-defined measure
Source
Prose
All guidance in this release · 29
Pro forma 2025 annual adjusted net revenue for FY2025
“approximately $12.5 billion”
Pro forma 2025 annual adjusted EBITDA for FY2025
“approximately $6.5 billion”
Pro forma payments volume processed for FY2025
“$3.7 trillion”
Expected expense synergies
“$600 million”
Expected annual run-rate revenue synergies
“at least $200 million”
Revenue synergies
“at least $200 million”
Run-rate revenue synergies
“at least $200 million”
Adjusted net leverage reduction target
“3.0x”
Adjusted earnings per share accretion - year…
“modestly accretive”
Transaction accretion
“modestly accretive in year one post close and mid to high single digit accretive thereafter”
Adjusted earnings per share accretion - ther…
“mid to high single digit accretive”
Annual run-rate cost synergies
“approximately $600 million”
Expected annual run-rate cost synergies
“approximately $600 million”
Net leverage at closing
“approximately 3.5x”
Transaction closing for FY2026
“expected to close”
Expected transaction closing timing for FY2026
“first half of 2026”
Total company adjusted net revenue for Q1 FY2025
“$2,205 million”
Total company adjusted net revenue constant … for Q1 FY2025
“over 5%”
Total company adjusted operating margin expa… for Q1 FY2025
“approximately 70 basis points”
Total company adjusted operating margin expa… for Q1 FY2025
“approximately 40 basis points”
Merchant Solutions adjusted net revenue for Q1 FY2025
“$1,692 million”
Merchant Solutions adjusted net revenue cons… for Q1 FY2025
“approximately 6%”
Issuer Solutions adjusted net revenue for Q1 FY2025
“$529 million”
Issuer Solutions adjusted net revenue consta… for Q1 FY2025
“approximately 3%”
Adjusted earnings per share for Q1 FY2025
“$2.69, including share based compensation, or $2.83, excluding share based compensation”
Adjusted earnings per share, including share… for Q1 FY2025
“$2.69”
Adjusted earnings per share, excluding share… for Q1 FY2025
“$2.83”
Adjusted earnings per share growth, constant… for Q1 FY2025
“approximately 10%”
Outlook for adjusted net revenue, adjusted o… for FY2025
“reaffirming its outlook”
Exhibit 99.1 · the passage around this item
… earlier in the release
ent technology
and commerce enablement solutions, including Genius POS offerings
· Accelerates
growth and significantly enhances financial strength and scale with expected pro forma adjusted net revenue of approximately $12.5 billion,
adjusted EBITDA of approximately $6.5 billion, processing $3.7 trillion of payments volume globally
· Compelling
value creation with significant expected expense synergies of $600 million, revenue synergies of at least $200 million and adjusted earnings
per share accretion in the first year post close
· Company provides preliminary results for the first quarter of
2025 and reaffirms full year 2025 outlook
ATLANTA -- April 17, 2025 -- Global Payments Inc. (NYSE: GPN),
a leading worldwide provider of payment technology and software solutions, today announced definitive agreements to divest its Issuer
Solutions business to FIS for $13.5 billion and acquire Worldpay from GTCR and FIS for a net purchase price of $22.7 billion, or total
value of $24.25 billion including $1.55 billion of anticipated tax assets. This reflects a 12.3x adjusted EBITDA multiple for Issuer Solutions
and an 8.5x adjusted EBITDA multiple for Worldpay on a net basis inclusive of run-rate synergies.
1
Global Payments and Worldpay provide highly complementary payments,
software and commerce enablement solutions to merchants and partners worldwide. On a
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.