Entering text into the input field will update the search result below

Global Payments Inc. (GPN) CEO Jeff Sloan on Q3 2021 Results - Earnings Call Transcript

Nov. 02, 2021 12:47 PM ETGlobal Payments Inc. (GPN)2 Comments
SA Transcripts profile picture
SA Transcripts

Global Payments Inc. (NYSE:GPN) Q3 2021 Results Conference Call November 2, 2021 8:00 AM ET

Company Participants

Winnie Smith - SVP, IR

Jeff Sloan - CEO

Cameron Bready - President and COO

Paul Todd - Sr. EVP and CFO

Conference Call Participants

Tien-Tsin Huang - JP Morgan

Bryan Keane - Deutsche Bank

Ramsey El-Assal - Barclays

Jason Kupferberg - Bank of America

Dominick Gabriele - Opennheimer

Dave Koning - Baird

Trevor Williams - Jefferies

Vasu Govil - KBW

Ashwin Shirvaikar - Citi


Ladies and gentlemen, thank you for standing by, and welcome to Global Payments Third Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later we will open the lines for questions and answers. [Operator Instructions] As a reminder, today’s conference will be recorded.

At this time, I would like to turn the conference over to your host, Senior Vice President, Investor Relations, Winnie Smith. Please go ahead.

Winnie Smith

Good morning, and welcome to Global Payments Third Quarter 2021 Conference Call.

Before we begin, I’d like to remind you that some of the comments made by management during today’s conference call contain forward-looking statements about expected operating and financial results. These statements are subject to risks, uncertainties and other factors, including the impact of COVID-19 and economic conditions on our future operations that could cause actual results to differ materially from our expectations. Certain risk factors inherent in our business are set forth in filings with the SEC, including our most recent 10-K and subsequent filings. We caution you not to place undue reliance on these statements.

Forward-looking statements during this call speak only as of the date of this call, and we undertake no obligation to update them. Some of the comments made refer to non-GAAP financial measures such as adjusted net

Recommended For You

Comments (2)

I read the entire transcript. I see nothing that gives me pause. Lots of energy and momentum, and the partnerships with Google and PayPal appear to be strong future drivers. Who knows, maybe one of these two companies could be a future suitor (speaking from an investor standpoint). The only negative I can see is that a couple of verticals (gaming and education) have been weak (no big surprise), but they are moving back to 2019 levels.

Now the bad news. The charts on this stock has been horrible and the stock sold-off 10%+ on the earnings announcement day. Hard to put a finger on this, although the entire payment space (V, MA, FISV, and even SQ) has been selling off for a while. It seems like the “elephant in the room” must be crypto, but few, if any, want to say that directly. Yeh, crypto is out there, but at this point it strikes me as a pure speculative asset, and not a true “store of value” where you can wake up tomorrow or next week and expect it to be worth the same amount as the day you bought it. Anyway, the “payment” TAM is so massive I’m not sure that all good payment platforms (like GPN, and, yes, even crypto)can’t do very well going forward.
Brent Ericson profile picture
@Skih20 this stock just keeps going down.
To report an error in this transcript, .Contact us to add your company to our coverage or use transcripts in your business. Learn more about Seeking Alpha transcripts here. Your feedback matters to us!
To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.