Global Payments (GPN) Revenue — Quarter Ended Jun 30, 2023
In the reported quarter, total revenue increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth was supported by the Merchant Solutions and Issuer Solutions segments, while Consumer Solutions declined.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
In the reported quarter, total revenue increased compared to both the immediately preceding quarter and the same quarter one year earlier. The growth was supported by the Merchant Solutions and Issuer Solutions segments, while Consumer Solutions declined.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.5B
Revenue reported for this quarter.
Quarter-over-quarter
+7.0%
Change from the immediately preceding quarter.
Year-over-year
+7.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$9.3B
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 |
|---|---|---|
| Sep 30, 2022 | $2.3B | +3.8% |
| Dec 31, 2022 | $2.3B | +2.7% |
| Mar 31, 2023 | $2.3B | +6.3% |
| Jun 30, 2023 | $2.5B | +7.5% |
Revenue performance
Revenue rose sequentially as Merchant Solutions and Issuer Solutions posted gains, partially offset by a drop in Consumer Solutions. The operating result improved from a loss in the year-ago period, though the filing context also notes significant non-recurring items in the prior year.
Quarterly comparison
Compared to the preceding quarter, revenue increased, continuing the upward trajectory seen in recent periods. Year-over-year, revenue also rose, reflecting higher activity in the company's core segments.
What to watch
The continued decline in the Consumer Solutions segment may warrant review in upcoming quarters.