8-KEarnings & ResultsExhibits & Filings

GLOBAL PAYMENTS INC 8-K Report, Financial Results (May 6, 2025)

Filed May 6, 2025For Securities:GPN

Summary

Global Payments Inc. (GPN) has filed a Form 8-K on May 6, 2025, to report its financial results for the quarter ended March 31, 2025. While specific financial figures from the press release are not detailed in this filing itself, the report indicates that the company is providing updated information regarding its non-GAAP financial measures and GAAP cash flow presentation. These changes are aimed at enhancing investor understanding of operating performance and aligning with industry peers. Key to investors is the retrospective adjustment to non-GAAP measures, which now include share-based compensation expense, providing a more comprehensive view of operational profitability. Additionally, a change in cash flow presentation, reclassifying certain settlement processing and customer funds from operating to financing activities, has been applied retrospectively. Investors should review the furnished exhibits (99.1, 99.2, and 99.3) for the detailed financial outcomes and the impact of these presentation changes.

Key Highlights

  • 1GPN announced financial results for the quarter ended March 31, 2025, via press release furnished as Exhibit 99.1.
  • 2The company is enhancing its non-GAAP financial reporting by including share-based compensation expense, aligning with industry peers.
  • 3This non-GAAP presentation change has been applied retrospectively for the year ended December 31, 2024, and interim periods.
  • 4GPN has also updated its GAAP cash flow statement presentation retrospectively.
  • 5Specific cash flow items, 'Changes in settlement processing assets and obligations, net' and 'Changes in funds held for customers', are now classified under financing activities instead of operating activities.
  • 6These GAAP cash flow presentation changes have been applied retrospectively for 2024 and 2023 periods.
  • 7The disclosed information is furnished and not deemed 'filed' for certain regulatory purposes, per SEC rules.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Global Payments Inc.'s financial results for the quarter ended March 31, 2025, and to provide updated financial information through furnished exhibits, including changes in the presentation of non-GAAP financial measures and GAAP cash flow activities.

Global Payments is now including the effect of share-based compensation expense in its non-GAAP financial measures. This change has been applied retrospectively to the year ended December 31, 2024, and its quarterly periods to enhance comparability and align with industry practices.

Certain cash flow activities related to 'Changes in settlement processing assets and obligations, net' and 'Changes in funds held for customers' have been reclassified from operating activities to financing activities in the consolidated statements of cash flows. This change is applied retrospectively to prior periods.

No, according to the filing, these presentation changes, both for non-GAAP measures and GAAP cash flows, have no effect on the Company's previously reported U.S. GAAP results for net income, comprehensive income, balance sheets, statements of changes in equity, or previously reported cash, cash equivalents, and restricted cash balances.