Square and Cash App parent Block saw its share price increase in the immediate wake of its Q3 results, which saw total net revenue rise 17% YoY to $4.52bn
FIS takes hit from UK recession
November 4th, 2022
Payment processor FIS saw revenues rise 5% to $3.6bn in Q3 2022. However, the company’s adjusted EBITDA margin contracted 150 bps, to 43.7%.
Visa and Mastercard have announced their latest earnings, both reporting strong net revenue growth, yet YoY growth has slowed.
Fleetcor has published its third quarter results, with an 18% year-on-year increase in revenues to $893m for Q3 2022.
Ecommerce-focused Worldline recorded 10% revenue growth, to €1.16bn, in Q3 2022.
Santander’s Q3 2022 results included an update for its payments subsidiary PagoNxt. PagoNxt continues to make a loss, but did see strong gains.
Payments processor Global Payments saw its adjusted revenues rise 3% YoY to $2.06bn in Q3 2022.
Euronet’s Q3 2022 results saw revenues rise 14% YoY to $931.3m. However, its money transfers segment, which includes Ria and XE, saw just 3% growth
Payment processor Fiserv reaped the benefits of growing merchant acceptance in Q3 22, with its adjusted revenue increasing 8% to $4.27bn..