Global Payments

Q2 FY2026 EarningsQ2 FY26 adjusted results slightly beat consensus, with adjusted net revenue of $3.16B vs. $3.16B expected and adjusted EPS of $3.46 vs. $3.44 expected. Despite solid performance in Enterprise and Platforms segments, management lowered FY26 guidance for adjusted net revenue growth to 4%-5% (previously 6%-7% implied) due to Middle East conflict impacts on travel. Adjusted operating margin expanded 70bps YoY on a normalized basis to 42.0%, while capital returns remained aggressive with $1.2B returned YTD.