Global Payments (GPN) UBS Global Technology and AI Conference summary

Macroeconomic and business trends

• Consumer spending remains resilient, especially among higher-income segments, with Q4 trends aligning with expectations and October showing strong performance after weather-impacted September.

• November trends continue to mirror October, supporting a positive outlook for the quarter.

AdvancedMD divestiture and capital allocation

• Divestiture driven by healthcare's regulatory complexity, integration challenges, channel conflicts, and subscale position.

• Proceeds from the sale will be used to return capital to shareholders, with $600M ASR executed and $700M total expected in Q4.

• AdvancedMD will remain a payments client under a ProFac model, retaining some revenue streams.

Software and vertical market strategy

• Continued investment in vertical market software, especially POS for restaurant and retail, with focus on organic growth and international expansion.

• Open to inorganic investments if aligned with strategy and amplifiable across the business.