12:39 PM EDT, 09/24/2024 (MT Newswires) -- Global Payments ( GPN ) Chief Financial Officer Joshua Whipple said Tuesday that the company is expected to see about 10% adjusted earnings per share growth in 2025.

The company will not issue formal guidance for next year until this year's Q4 results, Whipple said at the company's Investor Day, adding that in line with its commitment to return capital to shareholders, the company plans to execute share repurchases totaling about $2 billion.

He said the company has reviewed its portfolio and identified candidates for potential divestitures or exits, representing annual adjusted net revenue of about $500 million to $600 million. He added that the company will only proceed with divestitures that create value for shareholders.

For 2026 and 2027, he said the company expects "consistent, normalized results" that improve over the two years following 2025 which is seen to be a "transition year."

"We're confident in our ability to deliver sustainable mid-single-digit to high single-digit adjusted net revenue growth and consistent adjusted operating margin expansion between 50 and 100 basis points," over the two year period, Whipple said.

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