Global Payments, Inc. (GPN)

Global Payments will release third-quarter 2026 results before the market opens on 5 November 2026, with a live webcast the same morning 4.

The newest figures on file are for the second quarter, which the company called its first full quarter operating as a pure-play commerce solutions provider 2. It bought Worldpay on 9 January 2026 and sold its Issuer Solutions business to FIS in the same deal 1.

Revenue was $3.32 billion, up 68.6 percent from a year earlier, and Worldpay added $1.4 billion of it 1.

Adjusted net revenue, which leaves out some items, rose about 4 percent on a normalized basis, which counts Worldpay before the purchase and leaves out Issuer Solutions 2. The finance chief said the conflict in the Middle East and its effect on the travel portfolio led the company to update its outlook 2.

A current report filed in November says the board approved bylaw changes on 28 October 2026 3. They make the Georgia State-wide Business Court the sole forum for internal entity claims and set a 1 percent ownership threshold for shareholders to bring a derivative proceeding, a suit brought on the company's behalf 3.

Global Payments has grown through acquisitions as well as on its own 5. In September 2019 it merged with Total System Services, known as TSYS, and in March 2023 it bought EVO Payments, which served merchants from small firms to multinational companies across the Americas and Europe 5.

It also sold parts of itself: in the second quarter of 2023 it sold the consumer part of its Netspend business, which had made up its Consumer Solutions segment 5.

Revenue was $7.38 billion in 2023, $7.74 billion in 2024 and $7.71 billion in 2025 5. The company called 2025 essentially flat despite the sales of AdvancedMD and Payroll Solutions 5.

In December 2024 it sold AdvancedMD, software for small physician practices, for about $1.1 billion 5. In September 2025 it sold its payroll business to Acrisure for about $1.1 billion and agreed a long-term commercial partnership with the buyer 5.

In 2024 it began a review of its strategy and operations that became a transformation program, with costs expected through the first half of 2027 5. The company said cost cuts under the program lifted Merchant Solutions operating income 5.9 percent in 2025 5.

On 17 April 2025 the company agreed to sell Issuer Solutions to FIS for $13.5 billion and to buy Worldpay Holdco from FIS and affiliates of GTCR for $24.25 billion, both subject to customary adjustments 7.

To fund the cash side, it sold senior notes in November 2025 in four parts: $1,750 million, $1,700 million, $1,000 million and $1,750 million, or $6.2 billion in all (computed) 9.

The deals closed on 9 January 2026 1. The company paid GTCR about $6.0 billion in cash and 42.8 million shares, and received about $7.5 billion in cash and FIS's stake in Worldpay 1.

Three segments

Since the second quarter of 2026 the company reports three segments: Enterprise, Platforms and Small and Medium-Sized Businesses, called SMB 1. Enterprise serves large and multinational clients, and Platforms sells payments built into software and marketplaces run by partners 1. SMB sells payments, point-of-sale systems and business software to smaller firms 1.

In the second quarter of 2026 Enterprise revenue was $838.3 million, Platforms $652.8 million and SMB $1,649.0 million, about half of the total at 49.7 percent 1. Operating margins were 29.5 percent for Enterprise, 29.5 percent for Platforms and 38.1 percent for SMB 1. SMB operating income fell 6.1 percent while Enterprise and Platforms rose on Worldpay 1.

Genius and the point-of-sale business

The company is putting its point-of-sale systems for restaurants and shops, plus software for schools and property managers, under one brand, Genius 5. The chief executive, Cameron Bready, said adoption of the Genius platform is accelerating 2.

People and rivals

Cameron Bready is chief executive and Josh Whipple is chief financial officer 2. In its latest annual report, written before Worldpay joined, the company counted approximately 26,000 team members 5.

The annual report names Fiserv, Chase Paymentech, Elavon, Bank of America Merchant Services, Wells Fargo Merchant Services, Toast, Stripe, Shopify and Block among its main rivals in U.S. merchant payments 5.

Debt and problems

Total long-term debt was $22.4 billion at 30 June 2026 1. The annual report warns that substantial debt could limit the company's flexibility 5. The company says its legal claims are not expected to have a material adverse effect 1.

The umbrella, in words

The brands include Worldpay, Genius, Heartland, TSYS, EVO, Netspend, Xenial, Zego, MineralTree and TouchNet 56. Exhibit 21.1 of the annual report lists among its subsidiaries Heartland Payment Systems, Total System Services, EVO Merchant Services, Netspend Holdings, Xenial, Zego, MineralTree and TouchNet; it omits smaller ones 6.

Two listed subsidiaries have outside owners: an unrelated shareholder owns 34 percent of the Polish eService company and 20 percent of Comercia Global Payments in Spain 6.

Acrisure, buyer of the payroll business, has a long-term commercial partnership with the company 5. The properties are office space and data centers, most of them leased 5.

GTCR now holds approximately 15.45 percent of the shares, under a shareholders agreement that limits its sales and bars it from buying more 8.

The company will report third-quarter results on 5 November 2026 4.

In the 5 August release the chief financial officer, Josh Whipple, said the company now expects normalized, constant currency adjusted net revenue growth of approximately 4 to 5 percent for 2026 2. He said it still expects adjusted operating margin to expand about 150 basis points and to return more than $2 billion to shareholders in 2026 2.

The chief executive said the company is on track to return approximately $7.5 billion over 2025 to 2027 2.

The company expects its transformation program to add more than $650 million of annual run-rate operating income by the first half of 2027 1. It expects Worldpay integration to bring $600 million of annual run-rate expense synergies by year-end 2028 1.

Under the shareholders agreement, 35 percent of GTCR's stock is released from its lock-up 12 months after closing, a further 15 percent at 15 months and the rest at 18 months 8.