Global Payments Inc

GPN: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$596.00	Lgfzjtr	Wslcvdky

Global Payments Earnings: Growth Holds Steady

Brett Horn

May 1, 2024

Narrow-moat Global Payments largely maintained its recent path in the first quarter. In the quarter, overall adjusted revenue increased 7% year over year. We think the company's ability to continue to generate solid top-line growth and some margin expansion supports our view that it can retain its long-term competitive position within the evolving payments space. We will maintain our $179 fair value estimate, and we see shares as undervalued at the moment.

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