Global Payments (GPN) FY2023 results: revenue $7.4 billion, down 17.8% on the year
Global Payments Inc. (GPN) reported revenue of $7.4 billion for fiscal 2023, the year ended 31 December 2023, down 17.8% on the year before. Net income was $986 million, up 784.6%, and diluted earnings per share $3.77. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2024.
Revenue
$7.4 billion
-17.8% on the year
FY2016FY2023
Operating margin
17.8%
7.1% a year earlier
FY2016FY2023
Net income
$986 million
+784.6% on the year
FY2016FY2023
Diluted EPS
$3.77
+842.5% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
2,550
2,244
2,781
+13.6%
Capital expenditure
658
616
493
+6.9%
Free cash flow
1,892
1,628
2,288
+16.2%
Free cash flow margin
25.6%
18.1%
26.8%
Cash from investing
-4,361
-676
-2,294
Cash from financing
1,840
-1,377
-405
Depreciation and amortisation
1,142
1,662
1,691
-31.3%
Share-based compensation
209
163
181
+28.0%
Buybacks
418
2,921
2,534
-85.7%
Dividends paid
260
274
260
-4.9%
Dividend per share
$1.00
$1.00
$0.89
0.0%
Diluted shares, weighted
262m
276m
294m
-5.0%
Shares outstanding at period end
260m
263m
285m
-1.0%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
22,999
22,304
25,628
+3.1%
Non-controlling interest
280
237
241
+18.4%
Redeemable equity
508
0.0
n/a
Debt
17,294
14,206
11,978
+21.7%
Operating lease liabilities
378
440
551
-14.1%
Finance lease liabilities
6.2
19.6
44.5
-68.2%
Other liabilities
9,105
7,604
6,838
+19.7%
Total liabilities and equity
50,570
44,809
45,280
+12.9%
Goodwill
17,227
23,321
24,813
-26.1%
Intangible assets
5,226
9,658
11,634
-45.9%
Cash and equivalents
1,907
1,998
1,979
-4.5%
Receivables
797
998
946
-20.2%
Other assets
25,414
8,834
5,907
+187.7%
Total assets
50,570
44,809
45,280
+12.9%
10-K for the year ended 31 December 2023, filed 14 February 2024: the filing.