Global Payments (GPN) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter declined sharply compared to both the prior quarter and the same quarter last year. The decrease reflects a significant drop from the levels seen in recent quarters.
Key takeaway
Quarter ended Dec 31, 2023 · FY2023 Q4
Revenue for the quarter declined sharply compared to both the prior quarter and the same quarter last year. The decrease reflects a significant drop from the levels seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$159.2M
Revenue reported for this quarter.
Quarter-over-quarter
-93.6%
Change from the immediately preceding quarter.
Year-over-year
-92.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$7.4B
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 |
|---|---|---|
| Mar 31, 2023 | $2.3B | +6.3% |
| Jun 30, 2023 | $2.5B | +7.5% |
| Sep 30, 2023 | $2.5B | +8.3% |
| Dec 31, 2023 | $159.2M | -92.9% |
Revenue performance
Reported revenue fell substantially from the immediately preceding quarter, continuing a reversal from the growth trend observed earlier in the fiscal year.
Quarterly comparison
Compared to the same quarter one year earlier, revenue also decreased markedly. The trailing twelve-month revenue remained substantial, indicating that the decline was concentrated in this quarter.
What to watch
Monitor whether the sharp quarterly decline reflects a one-time event or a sustained trend, given the absence of explanatory context in the filing.