GA-based acquirer TSYS reported a solid fourth quarter (4Q/15) as total revenues hit $719 million, a jump of 13.2% year-on-year (YOY). Net income increased 3.6% YOY from $79.9 million in 4Q/14 to $82.8 million in 4Q/15.
Revenues for the North America Services segment increased 17.1% YOY to $350 million for 4Q/15, compared to $341 million in the prior quarter and $299 million in the year ago quarter.
Revenues for the International Services segment decreased 6.1% YOY to $93 million, not currency adjusted (FX), for 4Q/15, compared to $93 million in the prior quarter and $99 million in the year ago quarter.
Revenues for the Merchant Services segment increased 12.0% YOY to $140 million for 4Q/15, compared to $143 million in the prior quarter and $125 million in the year ago quarter.
Revenues for the NetSpend segment soared 21.0% YOY to $144 million for 4Q/15, compared to $140 million in the prior quarter and $119 million in the year ago quarter.
The total number of TSYS accounts on file rose 18.8% YOY to 732.5 million for 4Q/15.
In the North America segment, TSYS transaction volume rose 43.1% YOY to 4.26 billion transactions for 4Q/15.
For the International segment, TSYS transaction volume increased 7.0% YOY to 662 million transactions.
In the Merchant segment, TSYS POS transaction volume edged up 8.5% YOY to 1075 million transactions. The purchase dollar volume (PDV) increased 0.1% YOY to $12.4 billion.
In the NetSpend (prepaid) segment, TSYS Gross Dollar Volume (GDV) rose 21.3% to $5.69 billion.
GROSS REVENUE
4Q/14: $635 million
1Q/15: $662 million
2Q/15: $693 million
3Q/15: $708 million
4Q/15: $719 million
NET INCOME
4Q/14: $79.9 million
1Q/15: $77.8 million
2Q/15: $82.8 million
3Q/15: $120.6 million
4Q/15: $82.8 million
NORTH AMERICA SERVICES REVENUE
4Q/14: $299 million
1Q/15: $309 million
2Q/15: $334 million
3Q/15: $341 million
4Q/15: $350 million
INTERNATIONAL SERVICES REVENUE
4Q/14: $99 million
1Q/15: $80 million
2Q/15: $90 million
3Q/15: $92 million
4Q/15: $93 million
MERCHANT SERVICES REVENUE
4Q/14: $125 million
1Q/15: $129 million
2Q/15: $138 million
3Q/15: $143 million
4Q/15: $140 million
NETSPEND REVENUE
4Q/14: $119 million
1Q/15: $155 million
2Q/15: $142 million
3Q/15: $140 million
4Q/15: $144 million
Source: TSYS
TSYS recently entered into a definitive agreement with Vista Equity Partners to acquire TransFirst, a Vista portfolio company and a U.S. merchant solutions provider, in an all-cash transaction valued at approximately $2.35 billion.
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