10-QPeriod: Q2 FY2026

GLOBAL PAYMENTS INC Quarterly Report for Q2 Ended Jun 30, 2026

Filed August 5, 2026For Securities:GPN

Summary

Global Payments Inc. (GPN) reported significant changes in its second quarter 2026 results, heavily influenced by the acquisition of Worldpay on January 9, 2026, and the divestiture of its Issuer Solutions business. Consolidated revenues saw a substantial increase of 68.6% to $3.32 billion for the three months ended June 30, 2026, compared to the prior year, driven primarily by the Worldpay acquisition. However, the company reported a net loss attributable to Global Payments of $1.79 billion for the six months ended June 30, 2026, a significant shift from a net income of $547.4 million in the same period last year. This loss is largely due to the discontinued operations, specifically the sale of the Issuer Solutions business, which resulted in a $1.69 billion loss for the six-month period. Despite the overall net loss, the company's continuing operations showed a net income attributable to Global Payments of $12.97 million for the quarter, down from $241.64 million in the prior year. Diluted EPS from continuing operations was $0.43 for the quarter, down from $1.03. The acquisition has led to a significant increase in operating expenses, particularly amortization of acquired intangible assets and integration costs, which impacted operating income and margins. Investors should monitor the integration progress and cost synergy realization as key drivers for future performance.

Key Highlights

  • 1Consolidated revenues surged by 68.6% to $3.32 billion for Q2 2026, driven by the acquisition of Worldpay.
  • 2Reported a net loss attributable to Global Payments of $1.79 billion for the six months ended June 30, 2026, largely due to the divestiture of the Issuer Solutions business (discontinued operations).
  • 3Net income attributable to Global Payments from continuing operations for Q2 2026 was $12.97 million, a significant decrease from $241.64 million in Q2 2025.
  • 4Diluted EPS from continuing operations for Q2 2026 was $0.43, down from $1.03 in the prior year.
  • 5Operating income decreased by 14.3% to $337.1 million for Q2 2026, impacted by increased amortization of acquired intangible assets and integration expenses related to the Worldpay acquisition.
  • 6The company has a strong liquidity position with $5.41 billion in cash and cash equivalents as of June 30, 2026.
  • 7Global Payments is actively managing its debt, with total long-term debt of $22.42 billion as of June 30, 2026, and has recently issued new senior notes.

Frequently Asked Questions

The primary driver for the substantial increase in consolidated revenues was the acquisition of Worldpay, which closed on January 9, 2026. This acquisition significantly expanded Global Payments' revenue base across all reportable segments.

The net loss of $1.79 billion for the six months ended June 30, 2026, is largely attributable to the divestiture of the Issuer Solutions business, which was classified as discontinued operations. This sale resulted in a significant loss recorded in discontinued operations.

The acquisition of Worldpay has led to increased operating expenses, notably higher amortization of acquired intangible assets and integration costs. These increased expenses, coupled with acquisition-related costs, have reduced consolidated operating income and operating margins for the period compared to the prior year. While segment revenues have grown, segment operating margins have also declined due to these factors.

Global Payments is focused on integrating Worldpay and expects transformation initiatives to generate over $650 million in annual run-rate operating income benefits by early 2027, and Worldpay integration activities to yield $600 million in annual run-rate expense synergies by the end of 2028. Investors should watch for the realization of these expected synergies.