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Global Payments Reports Third Quarter 2026 Results

By Business Wire | November 05, 2026, 5:55 AM
  • Third quarter 2026 GAAP diluted earnings per share (EPS) of $1.06 and adjusted EPS of $3.58, an increase of 10%.
  • Third quarter 2026 GAAP revenue of $3.31 billion and adjusted net revenue of $3.18 billion. On a normalized basis1, adjusted net revenue accelerated sequentially to more than 4%.
  • Reaffirms 2026 full year outlook and capital return plan.
  • Raises expectations for annual run-rate Worldpay integration expense synergies to $650 million.

ATLANTA--(BUSINESS WIRE)--#globalpayments--Global Payments Inc. (NYSE: GPN) today announced results for the third quarter ending September 30, 2026.





“We delivered third quarter results consistent with our expectations, reflecting the ongoing disciplined execution of our team members worldwide,” said Cameron Bready, chief executive officer. “We continue to make substantial progress integrating Worldpay, giving us confidence to increase our run-rate expense synergy target to $650 million. With the foundation of the combined company firmly established, we are sharply focused on executing our strategy and positioning Global Payments as the worldwide partner of choice for commerce solutions.”

Bready continued, “Our strategy is anchored in delivering differentiated products and solutions, providing a distinctive client and partner experience, and harnessing our unmatched scale and distribution to deepen relationships, expand our reach and drive sustainable growth.”

Bready concluded, “We are also pleased to have returned more than $1.4 billion in capital to shareholders year-to-date, underscoring our continued commitment to our capital allocation priorities.”

Third Quarter 2026 Summary

  • GAAP revenues were $3.31 billion and diluted earnings per share were $1.06.
  • Adjusted net revenues increased approximately 31% to $3.18 billion. On a normalized basis1, consistent with our full-year outlook, adjusted net revenue increased over 4%. Adjusted operating margin expanded 220 basis points on a normalized basis1 to 42.5%.
  • Adjusted EPS increased 10% to $3.58.

2026 Outlook

“Our third quarter financial performance demonstrates the durability of our business model and our ability to generate sustainable growth, margin expansion and strong free cash flow,” said Josh Whipple, chief financial officer. “We remain focused on driving commercial excellence, realizing the benefits of our increased scale and rigorous integration execution as we build on the financial strength of the combined company.”

Whipple continued, “Our full year outlook is unchanged. We continue to expect normalized1, constant currency adjusted net revenue growth of approximately 4% – 5% and adjusted earnings per share of $13.60 – $13.80 for the full year. We continue to expect normalized1 adjusted operating margin expansion of approximately 150 basis points for the full year and to return more than $2 billion of capital to shareholders in 2026.”

_______________________________

1 Normalized comparisons include the pre-acquisition results of Worldpay and exclude the results of Issuer Solutions and other divested businesses, as presented in Exhibit 99.2 to the Company’s Current Report on Form 8-K filed on August 5, 2026.

Capital Allocation

Global Payments’ Board of Directors approved a dividend of $0.25 per share payable on December 24, 2026 to shareholders of record as of December 10, 2026.

Conference Call

Global Payments’ management will host a live audio webcast today, November 5, 2026, at 8:00 a.m. ET to discuss financial results and business highlights. The audio webcast, along with supplemental financial information, can be accessed via the investor relations page of the company’s website at investors.globalpayments.com. A replay of the audio webcast will be archived on the company's website following the live event.

Non-GAAP Financial Measures

Global Payments supplements its reporting of revenue, operating income, operating margin, net income attributable to Global Payments, earnings per share, free cash flow, and free cash flow conversion with certain non-GAAP financial measures. These non-GAAP financial measures include adjusted revenue, adjusted operating income, adjusted operating margin, adjusted net income attributable to Global Payments, adjusted earnings per share, adjusted free cash flow, and adjusted free cash flow conversion. The constant currency growth measures adjust for the impact of exchange rates and are calculated using average exchange rates during the comparable period in the prior year.

We believe these non-GAAP financial measures assist investors with evaluating the performance of our business. Management uses these non-GAAP financial measures to focus on the factors that it believes are relevant to managing our business, operations, and performance. Any non-GAAP financial measures should be considered in context with our reporting in accordance with GAAP and should not be considered in isolation or as a substitute for GAAP measures. Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure is included in the schedules to this release, except for forward-looking measures where a reconciliation to the corresponding GAAP measures is not available due to the variability, complexity and limited visibility of the items that are excluded from the non-GAAP outlook measures. The company is unable to address the probable significance of the unavailable information.

About Global Payments

Global Payments Inc. (NYSE: GPN) is a leading payment technology and software company that powers commerce for businesses of all sizes worldwide. We help businesses grow with confidence by delivering innovative solutions that enable seamless payment acceptance, smarter operations and exceptional client experiences – online, in store and everywhere in between. With its global reach, local expertise and scale, Global Payments® manages trillions in payments volume and billions of transactions across more than 175 countries. Headquartered in Atlanta, Georgia, Global Payments is a Fortune 500® company and a member of the S&P 500. Learn more at company.globalpayments.com.

Forward-Looking Statements

This earnings release and associated webcast contain forward-looking statements, which are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements may include, but are not limited to, statements we make regarding our business strategy and means to implement the strategy; measures of future financial performance or results of operations; operating metrics such as shares outstanding and capital expenditures; liquidity and deleveraging plans and capital available for allocation; the strategic rationale and anticipated benefits of acquisitions or dispositions, including our acquisition of Worldpay and divestiture of our Issuer Solutions business; the development and introduction of new services and expansion of our business; and the company’s plans, objectives, expectations and intentions. Statements can generally be identified as forward-looking because they include words such as “believes,” “anticipates,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “estimates,” “forecast,” “budget,” “could,” “should,” “may,” “will,” “would,” or words of similar meaning.

Forward-looking statements are based on current expectations, estimates and projections about our business and the industry and geographies in which we operate, and on the beliefs of, and assumptions made by, our management. Although we believe that the plans and expectations reflected in any forward-looking statements are based on reasonable assumptions, actual events, outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements. Accordingly, we cannot guarantee or give assurance that our plans and expectations will be achieved.

In addition to factors previously disclosed in Global Payments’ reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: difficulties and delays in integrating the Worldpay business into that of Global Payments; failing to fully realize anticipated cost savings and other anticipated benefits of the acquisition of Worldpay, either when expected or at all; business disruptions from the acquisition of Worldpay that may harm our business or operations; failing to comply with the applicable requirements of Visa, Mastercard or other payment networks or card schemes or changes in those requirements; our ability to retain and hire key personnel; uncertainty as to the long-term value of our common stock following the acquisition of Worldpay, including the dilution caused by issuance of additional shares of Global Payments’ common stock in connection with the acquisition of Worldpay; the continued availability of capital and financing; the effects of global economic, political, market, health and social events or other conditions; the imposition of tariffs and other trade policies and the resulting impacts on market volatility and global trade; macroeconomic pressures and general uncertainty regarding the overall future economic environment; foreign currency exchange, inflation and rising interest rate risks; the effect of a security breach or operational failure on our business; the ability to maintain Visa and Mastercard registration and financial institution sponsorship; increased competition in the markets in which we operate; our ability to safeguard our data; risks associated with our indebtedness; the effects of new or changes in current laws, regulations, credit card association rules or other industry standards on us or our partners and customers; and other events beyond our control, and other factors included in the “Risk Factors” section in our most recent Annual Report on Form 10-K and in other documents that we file with the SEC, which are available at https://www.sec.gov.

These cautionary statements qualify all of our forward-looking statements, and readers are cautioned not to place undue reliance on forward-looking statements. Our forward-looking statements speak only as of the date they are made and should not be relied upon as representing our plans and expectations as of any subsequent date. While we may elect to update or revise forward-looking statements at some time in the future, we specifically disclaim any obligation and do not intend to publicly update or revise these forward-looking statements, except as required by law.

SCHEDULE 1

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

 

 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

 

2026

 

2025

 

% Change

 

2026

 

2025

 

% Change

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

$

3,306,284

 

 

$

2,019,509

 

 

63.7

%

 

$

9,596,757

 

 

$

5,809,114

 

 

65.2

%

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

Cost of service

 

1,296,701

 

 

 

559,090

 

 

131.9

%

 

 

3,864,194

 

 

 

1,556,037

 

 

148.3

%

Selling, general and administrative

 

1,763,352

 

 

 

1,030,282

 

 

71.2

%

 

 

5,164,857

 

 

 

3,028,715

 

 

70.5

%

Impairment of goodwill

 

—

 

 

 

—

 

 

nm

 

 

—

 

 

 

33,218

 

 

nm

Gain on business dispositions

 

—

 

 

 

(343,891

)

 

nm

 

 

—

 

 

 

(348,151

)

 

nm

 

 

3,060,053

 

 

 

1,245,481

 

 

 

 

 

9,029,051

 

 

 

4,269,819

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

246,231

 

 

 

774,028

 

 

(68.2

)%

 

 

567,706

 

 

 

1,539,295

 

 

(63.1

)%

 

 

 

 

 

 

 

 

 

 

 

 

Interest and other income

 

34,061

 

 

 

21,469

 

 

58.7

%

 

 

112,281

 

 

 

95,042

 

 

18.1

%

Interest and other expense

 

(276,229

)

 

 

(144,062

)

 

91.7

%

 

 

(796,136

)

 

 

(445,140

)

 

78.9

%

 

 

(242,168

)

 

 

(122,593

)

 

 

 

 

(683,855

)

 

 

(350,098

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations before income taxes and equity in income of equity method investments

 

4,063

 

 

 

651,435

 

 

(99.4

)%

 

 

(116,149

)

 

 

1,189,197

 

 

(109.8

)%

Income tax expense (benefit)

 

(66,749

)

 

 

199,535

 

 

(133.5

)%

 

 

(83,515

)

 

 

288,696

 

 

(128.9

)%

Income (loss) from continuing operations before equity in income of equity method investments

 

70,812

 

 

 

451,900

 

 

(84.3

)%

 

 

(32,634

)

 

 

900,501

 

 

(103.6

)%

Equity in income of equity method investments, net of tax

 

17,580

 

 

 

16,874

 

 

4.2

%

 

 

59,088

 

 

 

55,084

 

 

7.3

%

Income from continuing operations

 

88,392

 

 

 

468,774

 

 

 

 

 

26,454

 

 

 

955,585

 

 

 

Income (loss) from discontinued operations, net of tax

 

201,804

 

 

 

191,821

 

 

5.2

%

 

 

(1,486,386

)

 

 

263,880

 

 

nm

Net income (loss)

 

290,196

 

 

 

660,595

 

 

(56.1

)%

 

 

(1,459,932

)

 

 

1,219,465

 

 

nm

Net income attributable to noncontrolling interests

 

(9,308

)

 

 

(25,386

)

 

(63.3

)%

 

 

(46,087

)

 

 

(36,882

)

 

25.0

%

Net income (loss) attributable to Global Payments

$

280,888

 

 

$

635,209

 

 

(55.8

)%

 

$

(1,506,019

)

 

$

1,182,583

 

 

nm

 

 

 

 

 

 

 

 

 

 

 

 

Basic earnings (loss) per share attributable to Global Payments:

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

0.30

 

 

$

1.85

 

 

(83.8

)%

 

$

(0.07

)

 

$

3.78

 

 

(101.9

)%

Discontinued operations

$

0.76

 

 

$

0.80

 

 

nm

 

$

(5.52

)

 

$

1.08

 

 

nm

Total basic earnings (loss) per share attributable to Global Payments

$

1.06

 

 

$

2.65

 

 

(60.0

)%

 

$

(5.59

)

 

$

4.86

 

 

nm

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings (loss) per share attributable to Global Payments:

 

 

 

 

 

 

 

 

 

 

 

Continuing operations

$

0.30

 

 

$

1.85

 

 

(83.8

)%

 

$

(0.07

)

 

$

3.77

 

 

(101.9

)%

Discontinued operations

$

0.76

 

 

$

0.79

 

 

nm

 

$

(5.52

)

 

$

1.08

 

 

nm

Total diluted earnings (loss) per share attributable to Global Payments

$

1.06

 

 

$

2.64

 

 

(59.8

)%

 

$

(5.59

)

 

$

4.85

 

 

nm

Note: nm = not meaningful.

 

SCHEDULE 2

NON-GAAP FINANCIAL MEASURES (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

 

 

Three Months Ended

 

Nine Months Ended

 

September 30,

 

September 30,

 

2026

 

2025

 

% Change

 

2026

 

2025

 

% Change

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted net revenue

$

3,181,975

 

$

2,428,678

 

31.0

%

 

$

9,197,337

 

$

6,994,740

 

31.5

%

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted operating income

$

1,353,348

 

$

1,092,829

 

23.8

%

 

$

3,819,474

 

$

3,079,466

 

24.0

%

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted net income attributable to Global Payments

$

948,924

 

$

782,973

 

21.2

%

 

$

2,692,165

 

$

2,202,454

 

22.2

%

 

 

 

 

 

 

 

 

 

 

 

 

Adjusted diluted earnings per share attributable to Global Payments

$

3.58

 

$

3.26

 

9.8

%

 

$

10.00

 

$

9.04

 

10.6

%

_______________________________

Note: Financials include the impact of the sold Issuer Solutions business.

 

See Schedules 6 and 7 for a reconciliation of each non-GAAP financial measure to the most comparable GAAP measure, Schedules 8 and 9 for a reconciliation of adjusted net revenue and adjusted operating income by segment to the most comparable GAAP measure, and Schedule 10 for a discussion of non-GAAP financial measures.

 

SCHEDULE 3

SEGMENT INFORMATION (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

 

 

 

Three Months Ended

 

 

 

 

 

 

September 30, 2026

 

September 30, 2025

 

% Change

 

 

GAAP

 

Non-GAAP

 

GAAP

 

Non-GAAP

 

GAAP

 

Non-GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

 

$

836,277

 

 

$

836,250

 

 

$

156,152

 

 

$

154,676

 

 

435.6

%

 

440.6

%

Platforms

 

 

633,566

 

 

 

624,974

 

 

 

284,699

 

 

 

220,513

 

 

122.5

%

 

183.4

%

SMB

 

 

1,663,924

 

 

 

1,548,234

 

 

 

1,370,930

 

 

 

1,313,380

 

 

21.4

%

 

17.9

%

Issuer Solutions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

550,817

 

 

nm

 

nm

Other revenues

 

 

172,517

 

 

 

172,517

 

 

 

207,728

 

 

 

207,565

 

 

(17.0

)%

 

(16.9

)%

Intersegment eliminations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(18,273

)

 

nm

 

nm

 

 

$

3,306,284

 

 

$

3,181,975

 

 

$

2,019,509

 

 

$

2,428,678

 

 

63.7

%

 

31.0

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

 

$

277,405

 

 

$

658,140

 

 

$

88,288

 

 

$

117,269

 

 

214.2

%

 

461.2

%

Platforms

 

 

196,910

 

 

 

278,741

 

 

 

108,593

 

 

 

121,850

 

 

81.3

%

 

128.8

%

SMB

 

 

636,117

 

 

 

927,975

 

 

 

659,320

 

 

 

828,118

 

 

(3.5

)%

 

12.1

%

Issuer Solutions

 

 

—

 

 

 

—

 

 

 

—

 

 

 

263,558

 

 

nm

 

nm

Corporate/Other

 

 

(864,201

)

 

 

(511,509

)

 

 

(426,064

)

 

 

(237,965

)

 

102.8

%

 

115.0

%

Gain on business disposition

 

 

—

 

 

 

—

 

 

 

343,891

 

 

 

—

 

 

nm

 

nm

 

 

$

246,231

 

 

$

1,353,348

 

 

$

774,028

 

 

$

1,092,829

 

 

(68.2

)%

 

23.8

%

 

 

Nine Months Ended

 

 

 

 

 

 

September 30, 2026

 

September 30, 2025

 

% Change

 

 

GAAP

 

Non-GAAP

 

GAAP

 

Non-GAAP

 

GAAP

 

Non-GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

 

$

2,396,967

 

 

$

2,396,561

 

 

$

440,651

 

 

$

436,494

 

 

444.0

%

 

449.0

%

Platforms

 

 

1,854,420

 

 

 

1,797,444

 

 

 

846,605

 

 

 

652,975

 

 

119.0

%

 

175.3

%

SMB

 

 

4,816,217

 

 

 

4,429,373

 

 

 

3,917,911

 

 

 

3,750,307

 

 

22.9

%

 

18.1

%

Issuer Solutions

 

 

—

 

 

 

45,978

 

 

 

—

 

 

 

1,604,267

 

 

nm

 

nm

Other revenues

 

 

529,153

 

 

 

529,713

 

 

 

603,947

 

 

 

604,072

 

 

(12.4

)%

 

(12.3

)%

Intersegment eliminations

 

 

—

 

 

 

(1,731

)

 

 

—

 

 

 

(53,374

)

 

nm

 

nm

 

 

$

9,596,757

 

 

$

9,197,337

 

 

$

5,809,114

 

 

$

6,994,740

 

 

65.2

%

 

31.5

%

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss):

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

 

$

686,493

 

 

$

1,874,369

 

 

$

243,123

 

 

$

330,368

 

 

182.4

%

 

467.4

%

Platforms

 

 

556,682

 

 

 

819,122

 

 

 

344,044

 

 

 

383,976

 

 

61.8

%

 

113.3

%

SMB

 

 

1,816,780

 

 

 

2,626,777

 

 

 

1,911,956

 

 

 

2,395,639

 

 

(5.0

)%

 

9.6

%

Issuer Solutions

 

 

—

 

 

 

19,580

 

 

 

—

 

 

 

773,600

 

 

nm

 

nm

Corporate/Other

 

 

(2,492,249

)

 

 

(1,520,373

)

 

 

(1,274,761

)

 

 

(804,117

)

 

95.5

%

 

89.1

%

Impairment of goodwill

 

 

—

 

 

 

—

 

 

 

(33,218

)

 

 

—

 

 

nm

 

nm

Gain on business dispositions

 

 

—

 

 

 

—

 

 

 

348,151

 

 

 

—

 

 

nm

 

nm

 

 

$

567,706

 

 

$

3,819,474

 

 

$

1,539,295

 

 

$

3,079,466

 

 

(63.1

)%

 

24.0

%

_______________________________

See Schedules 8 and 9 for a reconciliation of adjusted net revenue and adjusted operating income by segment to the most comparable GAAP measures and Schedule 10 for a discussion of non-GAAP financial measures.

 

Note: Amounts may not sum due to rounding.

 

Note: nm = not meaningful.

 

SCHEDULE 4

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except share data)

 

 

September 30, 2026

 

December 31, 2025

 

 

 

 

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

5,570,261

 

 

$

8,336,402

 

Accounts receivable, net

 

1,614,201

 

 

 

784,174

 

Settlement processing assets

 

2,809,192

 

 

 

1,476,543

 

Prepaid expenses and other current assets

 

1,033,447

 

 

 

802,018

 

Current assets of discontinued operations

 

—

 

 

 

1,203,534

 

Total current assets

 

11,027,101

 

 

 

12,602,671

 

Goodwill

 

26,991,930

 

 

 

17,076,624

 

Other intangible assets, net

 

18,577,954

 

 

 

4,231,227

 

Property and equipment, net

 

2,342,776

 

 

 

1,501,763

 

Deferred income taxes

 

349,343

 

 

 

171,430

 

Notes receivable

 

856,841

 

 

 

816,810

 

Other noncurrent assets

 

2,276,411

 

 

 

1,868,788

 

Noncurrent assets of discontinued operations

 

—

 

 

 

15,069,171

 

Total assets

$

62,422,356

 

 

$

53,338,484

 

 

 

 

 

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY

 

 

 

Current liabilities:

 

 

 

Settlement lines of credit

$

1,167,929

 

 

$

345,007

 

Current portion of long-term debt

 

1,455,324

 

 

 

1,920,792

 

Accounts payable and accrued liabilities

 

3,659,311

 

 

 

2,542,627

 

Settlement processing obligations

 

5,971,235

 

 

 

1,720,608

 

Income taxes payable

 

1,238,519

 

 

 

117,509

 

Current liabilities of discontinued operations

 

—

 

 

 

810,301

 

Total current liabilities

 

13,492,318

 

 

 

7,456,844

 

Long-term debt

 

21,080,837

 

 

 

19,541,512

 

Deferred income taxes

 

2,840,319

 

 

 

1,605,504

 

Other noncurrent liabilities

 

1,035,794

 

 

 

522,121

 

Noncurrent liabilities of discontinued operations

 

—

 

 

 

433,022

 

Total liabilities

 

38,449,268

 

 

 

29,559,003

 

Commitments and contingencies

 

 

 

Redeemable noncontrolling interests

 

202,181

 

 

 

201,003

 

Equity:

 

 

 

Preferred stock, no par value; 5,000,000 shares authorized and none issued

 

—

 

 

 

—

 

Common stock, no par value; 400,000,000 shares authorized at September 30, 2026 and December 31, 2025; 264,555,011 shares issued and outstanding at September 30, 2026 and 236,692,592 shares issued and outstanding at December 31, 2025

 

—

 

 

 

—

 

Paid-in capital

 

19,307,175

 

 

 

17,078,652

 

Retained earnings

 

4,225,665

 

 

 

5,936,322

 

Accumulated other comprehensive loss

 

(396,921

)

 

 

(126,207

)

Total Global Payments shareholders’ equity

 

23,135,919

 

 

 

22,888,767

 

Nonredeemable noncontrolling interests

 

634,988

 

 

 

689,711

 

Total equity

 

23,770,907

 

 

 

23,578,478

 

Total liabilities, redeemable noncontrolling interests and equity

$

62,422,356

 

 

$

53,338,484

 

 

SCHEDULE 5

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

 

 

Nine Months Ended

 

September 30, 2026

 

September 30, 2025

 

 

 

 

Cash flows from operating activities:

 

 

 

Net income (loss)

$

(1,459,932

)

 

$

1,219,465

 

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

 

 

 

Depreciation and amortization of property and equipment

 

373,725

 

 

 

319,726

 

Amortization of acquired intangibles

 

2,259,141

 

 

 

759,634

 

Amortization of capitalized contract costs

 

81,141

 

 

 

100,005

 

Share-based compensation expense

 

91,476

 

 

 

114,821

 

Provision for operating losses and credit losses

 

104,450

 

 

 

60,340

 

Noncash lease expense

 

48,037

 

 

 

35,575

 

Deferred income taxes

 

(945,497

)

 

 

83,738

 

Paid-in-kind interest capitalized to principal of notes receivable

 

(51,207

)

 

 

(43,192

)

Equity in income of equity method investments, net of tax

 

(59,111

)

 

 

(55,055

)

Distributions received on investments

 

—

 

 

 

7,512

 

Impairment of goodwill

 

—

 

 

 

33,218

 

Gain on business dispositions

 

(22,174

)

 

 

(348,151

)

Other, net

 

79,228

 

 

 

25,364

 

Changes in operating assets and liabilities, net of the effects of business combinations:

 

 

 

Accounts receivable

 

(182,419

)

 

 

(125,307

)

Prepaid expenses and other assets

 

(351,654

)

 

 

(158,424

)

Income taxes payable

 

1,123,713

 

 

 

94,797

 

Accounts payable and other liabilities

 

(876,008

)

 

 

17,314

 

Net cash provided by operating activities

 

212,909

 

 

 

2,141,380

 

Cash flows from investing activities:

 

 

 

Business combinations and other acquisitions, net of cash and restricted cash acquired

 

(740,516

)

 

 

(201,853

)

Capital expenditures

 

(728,937

)

 

 

(449,556

)

Principal payments received on notes receivable

 

13,125

 

 

 

13,125

 

Net cash from sales of businesses

 

7,362,347

 

 

 

709,653

 

Proceeds from sales of investments

 

—

 

 

 

8,258

 

Net cash provided by investing activities

 

5,906,019

 

 

 

79,627

 

Cash flows from financing activities:

 

 

 

Changes in funds held for customers

 

(73,441

)

 

 

(156,589

)

Changes in settlement processing assets and obligations, net

 

(573,242

)

 

 

139,819

 

Net borrowings from settlement lines of credit

 

856,881

 

 

 

439,363

 

Net borrowings from commercial paper notes

 

699,401

 

 

 

—

 

Proceeds from long-term debt

 

11,642,241

 

 

 

4,899,113

 

Repayments of long-term debt

 

(20,411,254

)

 

 

(5,972,773

)

Payments of debt issuance costs

 

(9,798

)

 

 

(41,414

)

Repurchases of common stock

 

(1,239,988

)

 

 

(1,191,089

)

Proceeds from stock issued under share-based compensation plans

 

19,014

 

 

 

23,723

 

Common stock repurchased - share-based compensation plans

 

(35,070

)

 

 

(38,663

)

Distributions to noncontrolling interests

 

(48,666

)

 

 

(49,179

)

Contributions from noncontrolling interests

 

—

 

 

 

1,145

 

Dividends paid

 

(200,713

)

 

 

(179,464

)

Net cash used in financing activities

 

(9,374,635

)

 

 

(2,126,008

)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

 

(43,572

)

 

 

205,657

 

Increase (decrease) in cash, cash equivalents and restricted cash

 

(3,299,279

)

 

 

300,656

 

Cash, cash equivalents and restricted cash, beginning of the period

 

9,116,414

 

 

 

2,735,975

 

Cash, cash equivalents and restricted cash, end of the period

$

5,817,135

 

 

$

3,036,631

 

 

SCHEDULE 6

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

 

 

 

Three Months Ended September 30, 2026

 

 

GAAP

 

Discontinued
Operations

 

Net Revenue
Adjustments(1)

 

Earnings
Adjustments(2)

 

Income
Taxes on
Adjustments(3)

 

Non-GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

3,306,284

 

$

—

 

$

(124,309

)

 

$

—

 

$

—

 

 

$

3,181,975

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

246,231

 

$

—

 

$

(11

)

 

$

1,107,128

 

$

—

 

 

$

1,353,348

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Global Payments

 

$

280,888

 

 

 

$

(11

)

 

$

1,104,413

 

$

(436,366

)

 

$

948,924

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share attributable to Global Payments

 

$

1.06

 

 

 

 

 

 

 

 

 

$

3.58

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding

 

 

265,163

 

 

 

 

 

 

 

 

 

 

265,163

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30, 2025

 

 

GAAP

 

Discontinued
Operations

 

Net Revenue
Adjustments(1)

 

Earnings
Adjustments(2)

 

Income
Taxes on
Adjustments(3)

 

Non-GAAP

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

2,019,509

 

$

638,285

 

$

(229,115

)

 

$

—

 

$

—

 

 

$

2,428,678

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating income

 

$

774,028

 

$

254,978

 

$

2,568

 

 

$

61,255

 

$

—

 

 

$

1,092,829

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Global Payments

 

$

635,209

 

 

 

$

2,568

 

 

$

71,000

 

$

74,196

 

 

$

782,973

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted earnings per share attributable to Global Payments

 

$

2.64

 

 

 

 

 

 

 

 

 

$

3.26

 

 

 

 

 

 

 

 

 

 

 

 

 

Diluted weighted-average shares outstanding

 

 

240,174

 

 

 

 

 

 

 

 

 

 

240,174


Contacts

Investor contact:
investor.relations@globalpay.com
Nathan Rozof, CFA

Media contact:
media.relations@globalpay.com
Matt Cochran


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