- Adjusted earnings per share (EPS) grew 19% year-over-year to $3.62, marking another quarter of double-digit earnings growth.
- Consolidated operating margins expanded by approximately 40 basis points compared to the prior year quarter.
- Currency fluctuations were normalized in reported results, with most major currencies strengthening against the dollar year-over-year.
- EFT segment revenue grew 5%, operating income and adjusted EBITDA each grew 4%, despite being slightly below expectations.
- Epay segment revenue declined by approximately 5%, but operating income increased 4% and adjusted EBITDA 2%, impacted by product discontinuance.
- Money Transfer revenue grew 1%, while operating income and adjusted EBITDA decreased by 2% and 1%, respectively.
- Reported revenue of $1.1 billion with operating income of $195 million and adjusted EBITDA of $245 million.
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- Adjusted net debt to annualized adjusted EBITDAre was 4.6x, down from 4.7x last quarter and within the targeted leverage range of 4.5 to 5.5x.
- Adjusted net debt was $713.8 million with a weighted average debt maturity of 3.8 years and weighted average interest rate of 4.58%.
- Core FFO was $25.6 million or $0.31 per diluted share and AFFO was $27.5 million or $0.33 per diluted share, a 3.1% increase year-over-year.
- NETSTREIT reported net income of $3.3 million or $0.04 per diluted share for Q2 2025.
- Total liquidity at quarter end was $594 million, including $20 million cash, $373 million available on revolving credit, and $202 million unsettled forward equity.
- Total recurring G&A increased to $5.4 million but represented 11% of total revenues, down from 12% the prior year.
- Adjusted earnings per share grew 11% to $3.10 on a reported and constant currency basis.
- Adjusted free cash flow was approximately $800 million, with a conversion rate of about 110% for the quarter and roughly 95% year-to-date.
- Adjusted operating margin expanded by 130 basis points to 44.6%, or 110 basis points excluding dispositions.
- Capital expenditures were $150 million in the quarter, expected to total $750 million for 2025 (about 8% of revenue).
- Global Payments reported adjusted net revenue of $2.36 billion for Q2 2025, a 5% increase on a constant currency basis excluding dispositions.
- Issuer Solutions segment delivered $547 million in adjusted net revenue, growing about 3.5% on a constant currency basis.
- Merchant Solutions segment achieved $1.83 billion in adjusted net revenue, growing approximately 5.5% excluding dispositions.
- Net leverage was 3.15x at quarter-end with $3 billion in available liquidity and 95% of debt fixed at a 3.5% weighted average cost.
- Share repurchases totaled $230 million in Q2 and over $690 million in the first half of 2025.
- Adjusted pre-tax earnings were $28.4 million, with net income of $22.4 million or $1.17 per diluted share after tax adjustments.
- Asset quality remained stable with non-accrual loans at $48.6 million and classified assets at $82.8 million; net charge-offs annualized at 10 basis points.
- Loan portfolio grew with $665 million in loans added from NBC merger; loan production was $243 million, up 23% linked quarter at an average rate of 7.14%.
- Net interest income increased to $62.5 million, up $12.7 million linked quarter, driven by margin expansion and asset growth.
- Net interest margin improved by 28 basis points to 4.45%, with core margin normalized at 4.35%.
- Non-interest expenses were $49.1 million including M&A charges; adjusted non-interest expenses were $42.9 million, up 8.3% due to NBC acquisition.
- Non-interest income (excluding portfolio repositioning) was $8.9 million, up $300,000 from Q2, driven by customer service charges and integration of NBC franchise.
- Reported a net loss of $29.7 million or $1.57 per diluted share for Q3 2025, primarily due to a $53.4 million realized loss on bond portfolio repositioning and $6.2 million in M&A costs.
Dafinchi