Global Payments | 8-K: FY2026 Q2 Revenue: USD 3.321 B

Revenue: As of FY2026 Q2, the actual value is USD 3.321 B.

EPS: As of FY2026 Q2, the actual value is USD 0.05, missing the estimate of USD 1.4038.

EBIT: As of FY2026 Q2, the actual value is USD 104.28 M.

Three Months Ended June 30, 2026 vs. June 30, 2025

Revenue

• GAAP revenue was $3.32 billion, an increase of 68.6% compared to $1,969,287 thousand in the prior year period.
• Adjusted net revenue increased approximately 34% to $3.16 billion.
• On a normalized basis, adjusted net revenue increased 4%.

Operating Income

• GAAP operating income was $337,121 thousand, a decrease of 14.3% compared to $393,308 thousand in the prior year period.
• Adjusted operating income increased 25.9% to $1,325,499 thousand compared to $1,052,749 thousand in the prior year period.

Operating Margin

• Adjusted operating margin expanded 70 basis points on a normalized basis to 42.0%.

Operating Costs

• Cost of service was $1,293,879 thousand, an increase of 157.9% compared to $501,772 thousand in the prior year period.
• Selling, general and administrative expenses were $1,689,791 thousand, an increase of 62.3% compared to $1,041,256 thousand in the prior year period.

Net Income Attributable to Global Payments Inc.

• GAAP net income attributable to Global Payments Inc. was $12,971 thousand, a decrease of 94.6% compared to $241,640 thousand in the prior year period.
• Adjusted net income attributable to Global Payments Inc. increased 23.9% to $934,305 thousand compared to $754,189 thousand in the prior year period.

Capital Allocation

• Global Payments Inc. returned $1.2 billion of capital to shareholders year-to-date.
• The Board of Directors approved a dividend of $0.25 per share payable on September 25, 2026.

Segment Performance (Non-GAAP Revenue)

• Enterprise: $838,149 thousand, an increase of 468.2% compared to $147,502 thousand in the prior year period.
• Platforms: $627,534 thousand, an increase of 183.8% compared to $221,119 thousand in the prior year period.
• SMB: $1,512,621 thousand, an increase of 18.5% compared to $1,276,382 thousand in the prior year period.
• Issuer Solutions: Revenue was -$0 thousand compared to $535,682 thousand in the prior year period, reflecting its divestiture.

Segment Performance (Non-GAAP Operating Income)

• Enterprise: $652,759 thousand, an increase of 475.8% compared to $113,364 thousand in the prior year period.
• Platforms: $283,633 thousand, an increase of 112.2% compared to $133,646 thousand in the prior year period.
• SMB: $891,218 thousand, an increase of 7.4% compared to $829,778 thousand in the prior year period.
• Issuer Solutions: Operating income was -$0 thousand compared to $265,472 thousand in the prior year period, reflecting its divestiture.

Six Months Ended June 30, 2026 vs. June 30, 2025

Revenue

• GAAP revenues were $6,290,473 thousand, an increase of 66.0% compared to $3,789,605 thousand in the prior year period.
• Adjusted net revenue increased 31.7% to $6,015,363 thousand compared to $4,566,061 thousand in the prior year period.

Operating Income

• GAAP operating income was $321,475 thousand, a decrease of 58.0% compared to $765,267 thousand in the prior year period.
• Adjusted operating income increased 24.1% to $2,466,126 thousand compared to $1,986,636 thousand in the prior year period.

Operating Costs

• Cost of service was $2,567,493 thousand, an increase of 157.5% compared to $996,947 thousand in the prior year period.
• Selling, general and administrative expenses were $3,401,505 thousand, an increase of 70.2% compared to $1,998,433 thousand in the prior year period.

Net Income Attributable to Global Payments Inc.

• GAAP net income attributable to Global Payments Inc. was -$1,786,907 thousand, a decrease of 426.5% compared to $547,374 thousand in the prior year period.
• Adjusted net income attributable to Global Payments Inc. increased 22.8% to $1,743,241 thousand compared to $1,419,480 thousand in the prior year period.

Cash Flow from Operating Activities

• Net cash provided by operating activities was $373,798 thousand, a decrease from $1,372,649 thousand in the prior year period.

Year Ended December 31, 2025 (Combined Global Payments Inc. and Worldpay)

Total Revenues

• Total GAAP Revenues: $12,814,209 thousand.
• Total Non-GAAP Revenues: $12,094,767 thousand.

Segment Revenues (GAAP)

• Enterprise: $3,060,636 thousand.
• Platforms: $2,389,910 thousand.
• SMB: $6,437,074 thousand.
• Other revenues: $926,589 thousand.

Segment Revenues (Non-GAAP)

• Enterprise: $3,054,952 thousand.
• Platforms: $2,278,764 thousand.
• SMB: $5,834,230 thousand.
• Other revenues: $926,821 thousand.

Total Operating Income

• Total GAAP Operating Income: $1,814,824 thousand.
• Total Non-GAAP Operating Income: $4,914,123 thousand.

Segment Operating Income (GAAP)

• Enterprise: $1,427,975 thousand.
• Platforms: $680,557 thousand.
• SMB: $2,820,884 thousand.
• Corporate/Other: -$3,397,350 thousand.
• Impairment of goodwill: -$33,218 thousand.
• Gain on business disposition: $315,976 thousand.

Segment Operating Income (Non-GAAP)

• Enterprise: $2,391,416 thousand.
• Platforms: $1,052,197 thousand.
• SMB: $3,653,047 thousand.
• Corporate/Other: -$2,182,537 thousand.

Earnings Adjustments to Operating Income

• Depreciation and amortization: $2,256,400 thousand.
• Acquisition, integration, separation, and transformation expenses: $1,010,500 thousand.
• Facilities exit charges: $19,300 thousand.
• Employee termination benefits: $32,600 thousand.
• Charges related to the resolution of a certain legal matter: $18,300 thousand.
• Other items: $45,000 thousand.
• Noncash goodwill impairment charge: $33,218 thousand.
• Elimination of gain on business dispositions: -$315,976 thousand.

Outlook/Guidance

Global Payments Inc. expects normalized, constant currency adjusted net revenue growth of approximately 4% – 5% for the full year 2026. Adjusted earnings per share are projected to be $13.60 – $13.80 for the full year. The company anticipates normalized adjusted operating margin expansion of approximately 150 basis points for the full year and plans to return more than $2 billion of capital to shareholders in 2026.