Earnings release
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Global Payments Reports Second Quarter 2021 Results August 2 , 2021 globalpayments Raises 2021 Outlook Deepens European Presence through Proposed Bankia Payments Acquisitions Enters New Collaboration with AWS through Netspend Increases Share Repurchase Authorization to $ 1.5 billion ATLANTA -- Global Payments Inc. ( NYSE : GPN ) today announced results for the second quarter ended June 30 , 2021 . " Our business accelerated meaningfully in the second quarter of 2021 , demonstrating significant ongoing momentum , " said Jeff Sloan , Chief Executive Officer of Global Payments . " We also continue to expand our competitive moat through leading strategic partnerships . First , we are excited to have agreed with our partners at CaixaBank to acquire Bankia's payments businesses in Spain , enhancing our position in one of the most attractive markets in Europe . Second , we are delighted to announce that we have entered into a new collaboration with Amazon Web Services for unique distribution and cutting edge technologies at Netspend to accelerate our strategy across the three pillars of digitization , internationalization and B2B expansion . " Sloan concluded , “ Our differentiated strategies have enabled the compounded rates of growth we realized in the quarter and are now forecasting for the full year compared to 2019 levels . We continue to balance strategic investments across our businesses , unique relationships with the world's largest technology companies , ongoing consistency in execution and efficient return of capital to shareholders . ” 1