Global Payments Inc

GPN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$899.00	Dgxfzh	Sbtxzvmr

Global Payments Earnings: Solid Growth and Margin Improvement

Brett Horn

Feb 14, 2024

Global Payments’ fourth-quarter results largely showed the company maintaining recent trends. In the quarter, overall revenue increased 8% year over year. We think the company’s ability to continue to deliver solid top-line growth and margin expansion supports our view that it can retain its competitive position within the evolving payments space. We will maintain our $179 fair value estimate for the narrow-moat firm and see shares as undervalued at the moment.

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