Global Payments (GPN) Revenue — Quarter Ended Mar 31, 2023

Revenue increased in the current quarter compared with both the prior quarter and the same quarter a year ago. The growth was driven by higher revenue in Merchant Solutions and Issuer Solutions, partially offset by a decline in Consumer Solutions.

Key takeaway

Quarter ended Mar 31, 2023 · FY2023 Q1

Financial snapshot

Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.

Quarter revenue

$2.3B

Revenue reported for this quarter.

Quarter-over-quarter

+1.8%

Change from the immediately preceding quarter.

Year-over-year

+6.3%

Change from the comparable year-ago quarter.

Trailing four quarters

$9.1B

Sum of the latest four reported quarters.

Quarterly revenue trend

The latest four reported quarters with year-over-year comparisons.

Period ended	Revenue	Year-over-year change
Jun 30, 2022	$2.3B	+6.7%
Sep 30, 2022	$2.3B	+3.8%
Dec 31, 2022	$2.3B	+2.7%
Mar 31, 2023	$2.3B	+6.3%

Revenue performance

Consolidated revenue rose from the immediately preceding quarter and from the same quarter one year earlier. The increase was led by Merchant Solutions and Issuer Solutions, while Consumer Solutions revenue decreased.

Quarterly comparison

Compared with the prior quarter, revenue improved. Compared with the same quarter one year ago, revenue also increased, with Merchant Solutions and Issuer Solutions showing gains and Consumer Solutions showing a decline.

What to watch

Consumer Solutions revenue declined compared with the same quarter last year, which may warrant attention in future periods.