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Across the multi-year record, revenue has expanded while operating profit grew faster for much of the period. Capital spending has remained modest relative to operating cash generation, though cash conversion can swing with working capital; repurchases have also reduced the share base.
The latest quarter preserved modest revenue growth but delivered lower operating income, extending the margin pressure visible in trailing results. The weakness was concentrated in Cross-Border Payments, while Payments Infrastructure and epay still grew, making segment mix and cost control increasingly important to earnings conversion.
Whether Cross-Border Payments revenue and operating income stabilize while consolidated operating margin stops contracting.
| Metric | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| 2B | 2.3B | 2.5B | 2.8B | 2.5B | 3B | 3.4B | 3.7B | 4B | 4.2B | |
| (1.2B) | (1.4B) | (1.5B) | (1.6B) | (1.6B) | (1.9B) | (2B) | (2.2B) | (2.4B) | (2.5B) | |
| 784.1m | 896.2m | 1B | 1.2B | 906m | 1.1B | 1.3B | 1.5B | 1.6B | 1.8B | |
| (534.3m) | (596m) | (683.3m) | (718.4m) | (752.8m) | (872.5m) | (955.3m) | (1B) | (1.1B) | (1.2B) | |
| (453.8m) | (501.1m) | (577.2m) | (606.7m) | (625.8m) | (736.8m) | (819.4m) | (899.7m) | (965.5m) | (1.1B) | |
| (80.5m) | (95m) | (106m) | (111.7m) | (127m) | (135.8m) | (135.9m) | (132.9m) | (131.8m) | (138.5m) | |
| — | — | — | — | — | — | — | — | — | (200k) | |
| 249.8m | 300.1m | 364.9m | 475.2m | 153.2m | 222.6m | 385.3m | 432.6m | 503.2m | 529.8m | |
| (36.8m) | (9.8m) | (63m) | (31.6m) | (39.3m) | (48.4m) | (63.7m) | (32.4m) | (75.8m) | (81.6m) | |
| 28.3m | 32.6m | 37.6m | 36.2m | 36.6m | 38.2m | 37.6m | 55.6m | 80.5m | 84.5m | |
| — | (34.1m) | (7m) | (9.8m) | (106.6m) | (38.6m) | 0 | — | — | — | |
| 20m | 100k | 0 | — | 900k | 100k | 1m | 200k | 21.5m | 0 | |
| 232.9m | 256.3m | 294.9m | 433.8m | 8.2m | 135.7m | 322.6m | 400.4m | 448.9m | 448.2m | |
| (58.8m) | (57.8m) | (75m) | (112.8m) | (11.5m) | (65.1m) | (91.9m) | (120.9m) | (142.6m) | (135.2m) | |
| 174.1m | 198.5m | 219.9m | 321m | (3.3m) | 70.6m | 230.7m | 279.5m | 306.3m | 313m | |
| 300k | (100k) | 700k | 100k | (100k) | 100k | 300k | 200k | (300k) | (3.5m) | |
| 174.4m | 156.8m | 232.9m | 346.7m | (3.4m) | 70.7m | 231m | 279.7m | 306m | 309.5m | |
| 3.23 | 2.84 | 4.26 | 6.31 | (0.06) | 1.32 | 4.32 | 5.42 | 6.36 | 6.76 |
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Stock intrinsic value is the real worth of a company's stock, based on its financial health and performance.
Instead of looking at the stock's current market price, which can change due to people's opinions and emotions, intrinsic value helps us understand if a stock is truly a good deal or not.
By focusing on the company's actual financial strength, like its earnings and debts, we can make better decisions about which stocks to buy and when.
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