What is the market's earnings forecast for Global Payments next quarter?

What were the key takeaways from Global Payments’s earnings call?

Did Global Payments beat or miss consensus estimates last quarter?

What is the revenue and EPS growth rate for Global Payments year over year?

What does Global Payments do and what are its main business segments?

What is Global Payments's latest dividend and current dividend yield?

What is Global Payments's gross profit margin?

What factors drove the changes in Global Payments's revenue and profit?

- **Revenue Growth**: 6% constant currency adjusted net revenue growth, driven by Genius platform adoption and merchant solutions expansion.
- **Genius Success**: 37% monthly sales growth since June, 90% new customer sales, and 75% ARR increase from new sales.
- **Worldpay Acquisition**: Closing in Q1 2026, positioning GPN as a $4 trillion transaction volume leader.
- **Financial Strength**: $784 million Q3 free cash flow, 2.9x net leverage, and 96% cash flow conversion.
- **Sales Expansion**: 500 new field sellers targeting software and consultative sales, enhancing front-book growth.

**【CEO Summary Section】**
- Reported 6% constant currency adjusted net revenue growth, excluding dispositions, with 110 basis points of margin expansion and 11% constant currency adjusted EPS growth year-over-year.
- Launched the Genius platform, achieving 37% monthly increase in new sales since June, with 90% of sales to new customers and a 75% increase in monthly recurring revenue from new sales.
- Announced the closing of the Worldpay acquisition in Q1 2026, positioning GPN as a pure-play merchant solutions provider with $4 trillion in annual transaction volume.
- Generated $784 million in adjusted free cash flow, reducing net leverage to 2.9x, below the 3x target.

**【CFO Financial Commentary】**
- Q3 2025 adjusted net revenue: $2.43 billion (6% YoY growth, constant currency, excluding dispositions).
- Adjusted operating margin: 45% (110 basis points expansion YoY).
- Adjusted EPS: $3.26 (12% YoY growth, 11% constant currency).
- Year-to-date adjusted free cash flow: $2.1 billion (96% conversion from adjusted net income).
- Merchant Solutions revenue: $1.88 billion (6% YoY growth, excluding dispositions).
- Issuer Solutions revenue: $562 million (5% YoY growth, constant currency).

**【Q&A Highlights】**
- **Genius Platform Momentum**: 37% monthly sales growth since June, 90% of sales to new customers, and 75% increase in ARR from new sales.
- **Pricing Strategy**: Focus on value-based pricing, not low-cost leadership, with no material price compression in back-book migrations.
- **Sales Force Expansion**: Hiring 500 additional field sellers in North America, targeting software sales expertise and consultative selling skills.
- **Worldpay Integration**: Expected to close in Q1 2026, with plans to leverage Worldpay's SMB base for Genius adoption and expand into 40 new markets.
- **Capital Allocation**: $1.2 billion returned to shareholders YTD, with $7.5 billion total capital return target through 2027.
- **Leverage Outlook**: Target 3x net leverage by end of 2026, with $5 billion annual levered free cash flow by 2028.

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