Atlanta-based Global Payments (NYSE:GPN) reported fourth-quarter earnings that topped Wall Street expectations, pairing resilient top-line growth with a massive new capital return program as the company enters a newly streamlined strategic era.
The financial technology firm posted fourth-quarter adjusted earnings of $3.18 per share, representing an 11 percent increase on a constant currency basis.
On a generally accepted accounting principles basis, diluted earnings came in at 92 cents per share for the period.
Top-line performance remained steady amid the company's significant structural overhaul.
Global Payments reported an adjusted net revenue of $2.32 billion for the quarter, marking a 6 percent increase on a constant currency basis when excluding recent dispositions.
GAAP revenue for the three-month period stood at $1.90 billion.
The fourth-quarter results cap off a highly transformative year for the payments processor.
Global Payments recently closed its blockbuster acquisition of Worldpay while simultaneously finalizing the divestiture of its Issuer Solutions business.