10-K · February 20, 2026
Global Payments reports stable 2025 revenue (~$8.31B) while executing a major portfolio reshaping: dispositions of AdvancedMD and Heartland (~$1.1B each) in 2024–2025 and the January 2026 simultaneous acquisition of…
Earnings analysis · 10-Q
GPN earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Global Payments Inc. delivered strong Q1 2026 results with revenue reaching $2.97 billion and EPS of $2.96, each exceeding consensus estimates. However, the company reported a net loss attributable to shareholders of…
Read full summary
Global Payments Inc. delivered strong Q1 2026 results with revenue reaching $2.97 billion and EPS of $2.96, each exceeding consensus estimates. However, the company reported a net loss attributable to shareholders of $1.8 billion mainly due to significant operating expenses and amortization costs related to the recent Worldpay acquisition, yet reaffirms long-term strategic goals with expected synergies.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $2.96
- Segment
- Merchant Solutions
What stood out
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Revenue Growth of 63.1%
Revenue increased 63.1% to $2.97 billion YoY, up from $1.82 billion, driven by Worldpay acquisition.
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EPS Surprised by 4.96%
EPS was reported at $2.96, beating estimates of $2.82, reflecting strong operational performance during the quarter.
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Integration of Worldpay Expected Benefits
Management anticipates $600 million in cost synergies by the end of 2028 from the Worldpay integration.
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Post-Acquisition Revenue Contribution
Worldpay contributed approximately $1.2 billion to the quarterly revenue.
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Share Repurchase Program Active
The company repurchased 7.26 million shares at an average price of $75.73, totaling $555.8 million.
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Liquidity Position Maintained
Cash and cash equivalents were $5.86 billion with $2.06 billion available for general purposes.
What to watch
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Significant Net Loss
Net loss attributable to Global Payments was $1.8 billion, primarily from increased operating expenses and amortization.
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High Operating Expenses
Operating expenses rose dramatically to $3.0 billion from $1.4 billion YoY, particularly from integration costs.
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Increased Debt Obligations
Total long-term debt stood at $22.57 billion, reflecting heavy borrowing for the Worldpay acquisition.
Management's outlook
Reaffirmed adjusted EPS guidance for 2026 remains at $13.80 to $14.00.
Earlier filings 4
10-Q · August 6, 2025
Q2 2025 results show modest revenue decline and materially lower EPS driven by higher tax expense and lower operating income. Revenues were $1,956,747,000 (Q2 2025) vs $1,971,025,000 (Q2 2024) and diluted EPS fell to…
10-Q · October 31, 2023
Global Payments reported quarterly revenue of $2,475,691,000 (up $190,320,000 or ~8.3% vs. $2,285,371,000 a year ago) with operating income of $558,196,000 (vs. $386,432,000 prior year) and diluted EPS attributable to…
10-Q · May 3, 2023
Global Payments reported Q1 revenue of $2,292,447,000, up $136,193,000 (6.3%) year-over-year, but profitability collapsed: operating income fell to $56,735,000 from $375,947,000 and GAAP diluted EPS swung to a $(0.04)…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.