Form 8-K

8-K — GLOBAL PAYMENTS INC

Accession: 0001123360-26-000082

Filed: 2026-08-05

Period: 2026-08-05

CIK: 0001123360

SIC: 7389 (SERVICES-BUSINESS SERVICES, NEC)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — gpn-20260805.htm (Primary)

EX-99.1 (exhibit99120260630.htm)

EX-99.2 (exhibit99220260630.htm)

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8-K

8-K (Primary)

Filename: gpn-20260805.htm · Sequence: 1

gpn-20260805

0001123360false00011233602026-08-052026-08-050001123360us-gaap:CommonStockMember2026-08-052026-08-050001123360gpn:A4875SeniorNotesDue2031Member2026-08-052026-08-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 5, 2026

Commission file number 001-16111

GLOBAL PAYMENTS INC.

(Exact name of registrant as specified in charter)

Georgia 58-2567903

(State or other jurisdiction of

incorporation or organization) (I.R.S. Employer

Identification No.)

3550 Lenox Road, Atlanta, Georgia

30326

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (770) 829-8000

NONE

(Former name, former address and former fiscal year, if changed since last report)

Securities registered pursuant to Section 12(b) of the Act

Title of each class Trading symbol Name of exchange on which registered

Common stock, no par value GPN New York Stock Exchange

4.875% Senior Notes due 2031 GPN31A New York Stock Exchange

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition

On August 5, 2026, Global Payments Inc. (the "Company" or "Global Payments") issued a press release announcing its financial results for the quarter ended June 30, 2026. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K (this "Report") and is incorporated herein by reference.

The Company is also furnishing certain supplemental non-GAAP financial information set forth in Exhibit 99.2 to this Report. On January 9, 2026, the Company acquired 100% of Worldpay Holdco, LLC (“Worldpay”). In connection with the integration of Worldpay, in the second quarter of 2026, the Company realigned into three reportable segments: Enterprise, Platforms and Small and Medium-Sized Businesses (“SMB”). The purpose of the supplemental combined financial information is to recast certain historical financial information to reflect the acquisition of Worldpay and the Company’s new reportable segment structure. The Company is providing such supplemental financial information to enhance its shareholders’ ability to compare and evaluate the Company's operating performance based on how the business will be managed going forward following the acquisition of Worldpay. The information included in Exhibit 99.2 presents the supplemental financial information of the combined results of Global Payments' continuing operations and Worldpay for the year ended December 31, 2025, including each quarterly reporting period.

The information being furnished pursuant to Item 2.02 of this Report, including Exhibit 99.1 and Exhibit 99.2, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits

(d) Exhibits

Exhibit No. Description

99.1

Press Release of Global Payments Inc., containing financial information for the quarter ended June 30, 2026, dated August 5, 2026.

99.2

Global Payments Inc. supplemental financial information.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

Signatures

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.

GLOBAL PAYMENTS INC.

Date: August 5, 2026 By: /s/ Joshua J. Whipple

Joshua J. Whipple

Chief Financial Officer

EX-99.1

Filename: exhibit99120260630.htm · Sequence: 2

Document

Global Payments Reports

Second Quarter 2026 Results

August 5, 2026

•Second quarter 2026 GAAP diluted earnings per share (EPS) of $0.05 and adjusted EPS of $3.46, an increase of 12%.

•Second quarter 2026 GAAP revenue of $3.32 billion and adjusted net revenue of $3.16 billion. On a normalized basis1, adjusted net revenue increased 4%.

•Updates 2026 outlook and reaffirms 2026 capital return plan.

•$1.2 billion of capital returned to shareholders year-to-date.

ATLANTA -- Global Payments Inc. (NYSE: GPN) today announced results for the second quarter ending June 30, 2026.

“We delivered solid second quarter results that were consistent with our expectations, reflecting the resilience of our business model amidst the ongoing conflict in the Middle East,” said Cameron Bready, chief executive officer. “I am particularly pleased with the progress that we have made on the integration of Worldpay as we combine our complementary capabilities to better serve clients and partners globally.”

Bready continued, “Through consistent execution and a sharp focus on commercial excellence, we continue to capitalize on growth opportunities while further differentiating Global Payments through feature-rich products and distinctive service experiences. This is evidenced by the accelerating adoption of our Genius platform, which continues to gain momentum across the markets we serve. At the same time, we remain at the forefront of innovation by leveraging AI across our ecosystem to enhance our solutions, elevate customer experiences, and drive greater operational efficiency, further strengthening our competitive position and long-term growth prospects.”

Bready concluded, “We are pleased to have returned $1.2 billion in capital to shareholders year-to-date, exceeding 50% of our more than $2 billion plan for 2026, and we remain on track to return approximately $7.5 billion over the 2025 to 2027 time period.”

1 Normalized comparisons include the pre-acquisition results of Worldpay and exclude the results of Issuer Solutions and other divested businesses.

Second Quarter 2026 Summary

•GAAP revenues were $3.32 billion and diluted earnings per share were $0.05.

•Adjusted net revenues increased approximately 34% to $3.16 billion. On a normalized basis1, consistent with our full-year outlook, adjusted net revenue increased approximately 4%. Adjusted operating margin expanded 70 basis points on a normalized basis1 to 42.0%.

•Adjusted EPS increased 12% to $3.46.

2026 Outlook

“Our second quarter financial results were consistent with expectations and marked our first full quarter operating as a pure-play commerce solutions provider,” said Josh Whipple, chief financial officer. “Our performance further validates the importance of our scale and distribution and our ability to deliver sustainable growth, margin expansion, and free cash flow.”

Whipple continued, “Given the ongoing conflict in the Middle East and its impact on our travel portfolio, we now expect normalized1, constant currency adjusted net revenue growth of approximately 4% – 5% and adjusted earnings per share of $13.60 – $13.80 for the full year. We continue to expect normalized1 adjusted operating margin expansion of approximately 150 basis points for the full year and to return more than $2 billion of capital to shareholders in 2026.”

Capital Allocation

Global Payments’ Board of Directors approved a dividend of $0.25 per share payable on September 25, 2026 to shareholders of record as of September 11, 2026.

Conference Call

Global Payments’ management will host a live audio webcast today, August 5, 2026, at 8:00 a.m. ET to discuss financial results and business highlights. The audio webcast, along with supplemental financial information, can be accessed via the investor relations page of the company’s website at investors.globalpayments.com. A replay of the audio webcast will be archived on the company's website following the live event.

Non-GAAP Financial Measures

Global Payments supplements its reporting of revenue, operating income, operating margin, net income attributable to Global Payments, earnings per share, free cash flow, and free cash flow conversion with certain non-GAAP financial measures. These non-GAAP financial measures include adjusted revenue, adjusted operating income, adjusted operating margin, adjusted net income attributable to Global Payments, adjusted earnings per share, adjusted free cash flow, and adjusted free cash flow conversion. The constant currency growth measures adjust for the impact of exchange rates and are calculated using average exchange rates during the comparable period in the prior year.

We believe these non-GAAP financial measures assist investors with evaluating the performance of our business. Management uses these non-GAAP financial measures to focus on the factors that it believes are relevant to managing our business, operations, and performance. Any non-GAAP financial measures should be considered in context with our reporting in accordance with GAAP and should not be considered in isolation or as a substitute for GAAP measures. Reconciliation of each non-GAAP financial measure to the most directly comparable GAAP measure is included in the schedules to this release, except for forward-looking measures where a reconciliation to the corresponding GAAP measures is not available due to the variability, complexity and limited visibility of the items that are excluded from the non-GAAP outlook measures. The company is unable to address the probable significance of the unavailable information.

About Global Payments

Global Payments Inc. (NYSE: GPN) is a leading payment technology and software company that powers commerce for businesses of all sizes worldwide. We help businesses grow with confidence by delivering innovative solutions that enable seamless payment acceptance, smarter operations and exceptional client experiences – online, in store and everywhere in between. With its global reach, local expertise and scale, Global Payments® manages trillions in payments volume and billions of transactions across more than 175 countries. Headquartered in Atlanta, Georgia, Global Payments is a Fortune 500® company and a member of the S&P 500. Learn more at company.globalpayments.com.

Forward-Looking Statements

This earnings release and associated webcast contain forward-looking statements, which are made pursuant to the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements may include, but are not limited to, statements we make regarding our business strategy and means to implement the strategy; measures of future financial performance or results of operations; operating metrics such as shares outstanding and capital expenditures; liquidity and deleveraging plans and capital available for allocation; the strategic rationale and anticipated benefits of acquisitions or dispositions, including our acquisition of Worldpay and divestiture of our Issuer Solutions business; the development and introduction of new services and expansion of our business;

and the company’s plans, objectives, expectations and intentions. Statements can generally be identified as forward-looking because they include words such as “believes,” “anticipates,” “expects,” “intends,” “plans,” “anticipates,” “projects,” “estimates,” “forecast,” “budget,” “could,” “should,” “may,” “will,” “would,” or words of similar meaning.

Forward-looking statements are based on current expectations, estimates and projections about our business and the industry and geographies in which we operate, and on the beliefs of, and assumptions made by, our management. Although we believe that the plans and expectations reflected in any forward-looking statements are based on reasonable assumptions, actual events, outcomes and results may differ materially from what is expressed or forecasted in forward-looking statements. Accordingly, we cannot guarantee or give assurance that our plans and expectations will be achieved.

In addition to factors previously disclosed in Global Payments’ reports filed with the SEC and those identified elsewhere in this communication, the following factors, among others, could cause actual results to differ materially from forward-looking statements or historical performance: difficulties and delays in integrating the Worldpay business into that of Global Payments; failing to fully realize anticipated cost savings and other anticipated benefits of the acquisition of Worldpay, either when expected or at all; business disruptions from the acquisition of Worldpay that may harm our business or operations; failing to comply with the applicable requirements of Visa, Mastercard or other payment networks or card schemes or changes in those requirements; our ability to retain and hire key personnel; uncertainty as to the long-term value of our common stock following the acquisition of Worldpay, including the dilution caused by issuance of additional shares of Global Payments’ common stock in connection with the acquisition of Worldpay; the continued availability of capital and financing; the effects of global economic, political, market, health and social events or other conditions; the imposition of tariffs and other trade policies and the resulting impacts on market volatility and global trade; macroeconomic pressures and general uncertainty regarding the overall future economic environment; foreign currency exchange, inflation and rising interest rate risks; the effect of a security breach or operational failure on our business; the ability to maintain Visa and Mastercard registration and financial institution sponsorship; increased competition in the markets in which we operate; our ability to safeguard our data; risks associated with our indebtedness; the effects of new or changes in current laws, regulations, credit card association rules or other industry standards on us or our partners and customers; and other events beyond our control, and other factors included in the “Risk Factors” section in our most recent Annual Report on Form 10-K and in other documents that we file with the SEC, which are available at https://www.sec.gov.

These cautionary statements qualify all of our forward-looking statements, and readers are cautioned not to place undue reliance on forward-looking statements. Our forward-looking statements speak only

as of the date they are made and should not be relied upon as representing our plans and expectations as of any subsequent date. While we may elect to update or revise forward-looking statements at some time in the future, we specifically disclaim any obligation and do not intend to publicly update or revise these forward-looking statements, except as required by law.

Investor contact: investor.relations@globalpay.com Media contact: media.relations@globalpay.com

Nathan Rozof, CFA Matt Cochran

Source: Global Payments Inc.

SCHEDULE 1

CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

Three Months Ended Six Months Ended

June 30, June 30,

2026 2025 % Change 2026 2025 % Change

Revenues $ 3,320,791 $ 1,969,287 68.6 % $ 6,290,473 $ 3,789,605 66.0 %

Operating expenses:

Cost of service 1,293,879 501,772 157.9 % 2,567,493 996,947 157.5 %

Selling, general and administrative 1,689,791 1,041,256 62.3 % 3,401,505 1,998,433 70.2 %

Impairment of goodwill — 33,218 nm — 33,218 nm

Gain on business disposition — (267) nm — (4,260) nm

2,983,670 1,575,979 5,968,998 3,024,338

Operating income (loss) 337,121 393,308 (14.3) % 321,475 765,267 (58.0) %

Interest and other income 44,700 35,533 25.8 % 78,220 73,573 6.3 %

Interest and other expense (277,538) (152,538) 81.9 % (519,907) (301,078) 72.7 %

(232,838) (117,005) (441,687) (227,505)

Income (loss) from continuing operations before income taxes and equity in income of equity method investments 104,283 276,303 (62.3) % (120,212) 537,762 (122.4) %

Income tax expense (benefit) (4,926) 40,877 (112.1) % (16,766) 84,647 (119.8) %

Income (loss) from continuing operations before equity in income of equity method investments 109,209 235,426 (53.6) % (103,446) 453,115 (122.8) %

Equity in income of equity method investments, net of tax 21,678 19,961 8.6 % 41,508 38,210 8.6 %

Income (loss) from continuing operations 130,887 255,387 (61,938) 491,325

Income (loss) from discontinued operations, net of tax (101,963) (9,289) (1,688,190) 67,545

Net income (loss) 28,924 246,098 (88.2) % (1,750,128) 558,870 (413.2) %

Net income attributable to noncontrolling interests (15,953) (4,458) 257.9 % (36,779) (11,496) 219.9 %

Net income (loss) attributable to Global Payments $ 12,971 $ 241,640 (94.6) % $ (1,786,907) $ 547,374 (426.5) %

Basic earnings (loss) per share attributable to Global Payments:

Continued operations $ 0.43 $ 1.03 (58.3) % $ (0.36) $ 1.96 (118.4) %

Discontinued operations $ (0.38) $ (0.04) nm $ (6.22) $ 0.27 nm

Total basic earnings (loss) per share attributable to Global Payments $ 0.05 $ 0.99 (94.9) % $ (6.58) $ 2.23 (395.1) %

Diluted earnings (loss) per share attributable to Global Payments:

Continued operations $ 0.43 $ 1.03 (58.3) % $ (0.36) $ 1.96 (118.4) %

Discontinued operations $ (0.38) $ (0.04) nm $ (6.22) $ 0.27 nm

Total diluted earnings (loss) per share attributable to Global Payments $ 0.05 $ 0.99 (94.9) % $ (6.58) $ 2.23 (395.1) %

Note: nm = not meaningful.

SCHEDULE 2

NON-GAAP FINANCIAL MEASURES (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

Three Months Ended Six Months Ended

June 30, June 30,

2026 2025 % Change 2026 2025 % Change

Adjusted net revenue $ 3,159,074 $ 2,361,234 33.8 % $ 6,015,363 $ 4,566,061 31.7 %

Adjusted operating income $ 1,325,499 $ 1,052,749 25.9 % $ 2,466,126 $ 1,986,636 24.1 %

Adjusted net income attributable to Global Payments $ 934,305 $ 754,189 23.9 % $ 1,743,241 $ 1,419,480 22.8 %

Adjusted diluted earnings per share attributable to Global Payments $ 3.46 $ 3.10 11.7 % $ 6.42 $ 5.79 11.0 %

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Note: Financials include the impact of the sold Issuer Solutions business.

See Schedules 6 and 7 for a reconciliation of each non-GAAP financial measure to the most comparable GAAP measure, Schedules 8 and 9 for a reconciliation of adjusted net revenue and adjusted operating income by segment and supplemental non-GAAP information to the most comparable GAAP measure, and Schedule 10 for a discussion of non-GAAP financial measures.

SCHEDULE 3

SEGMENT INFORMATION (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

Three Months Ended

June 30, 2026 June 30, 2025 % Change

GAAP Non-GAAP GAAP Non-GAAP GAAP Non-GAAP

Revenues:

Enterprise $ 838,301 $ 838,149 $ 149,022 $ 147,502 462.5 % 468.2 %

Platforms 652,768 627,534 287,774 221,119 126.8 % 183.8 %

SMB 1,648,952 1,512,621 1,333,423 1,276,382 23.7 % 18.5 %

Issuer Solutions — — — 535,682 nm nm

Other revenues 180,770 180,770 199,068 199,246 (9.2) % (9.3) %

Intersegment eliminations — — — (18,696) nm nm

$ 3,320,791 $ 3,159,074 $ 1,969,287 $ 2,361,234 68.6 % 33.8 %

Operating income (loss):

Enterprise $ 247,593 $ 652,759 $ 84,305 $ 113,364 193.7 % 475.8 %

Platforms 192,794 283,633 120,248 133,646 60.3 % 112.2 %

SMB 628,460 891,218 669,187 829,778 (6.1) % 7.4 %

Issuer Solutions — — — 265,472 nm nm

Corporate/Other (731,726) (502,111) (447,481) (289,511) 63.5 % 73.4 %

Impairment of goodwill — — (33,218) — nm nm

Gain on business disposition — — 267 — nm nm

$ 337,121 $ 1,325,499 $ 393,308 $ 1,052,749 (14.3) % 25.9 %

Six Months Ended

June 30, 2026 June 30, 2025 % Change

GAAP Non-GAAP GAAP Non-GAAP GAAP Non-GAAP

Revenues:

Enterprise $ 1,560,690 $ 1,560,310 $ 284,499 $ 281,817 448.6 % 453.7 %

Platforms 1,220,854 1,172,470 561,906 432,462 117.3 % 171.1 %

SMB 3,152,293 2,881,139 2,546,981 2,436,927 23.8 % 18.2 %

Issuer Solutions — 45,978 — 1,053,450 nm (95.6) %

Other revenues 356,636 357,195 396,219 396,506 (10.0) % (9.9) %

Intersegment eliminations — (1,731) — (35,101) nm (95.1) %

$ 6,290,473 $ 6,015,363 $ 3,789,605 $ 4,566,061 66.0 % 31.7 %

Operating income (loss):

Enterprise $ 409,088 $ 1,216,228 $ 154,835 $ 213,099 164.2 % 470.7 %

Platforms 359,772 540,381 235,451 262,126 52.8 % 106.2 %

SMB 1,180,663 1,698,802 1,252,636 1,567,522 (5.7) % 8.4 %

Issuer Solutions — 19,580 — 510,041 nm (96.2) %

Corporate/Other (1,628,048) (1,008,864) (848,697) (566,152) 91.8 % 78.2 %

Impairment of goodwill — — (33,218) — nm nm

Gain on business disposition — — 4,260 — nm nm

$ 321,475 $ 2,466,126 $ 765,267 $ 1,986,636 (58.0) % 24.1 %

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See Schedules 8 and 9 for a reconciliation of adjusted net revenue and adjusted operating income by segment to the most comparable GAAP measures and Schedule 10 for a discussion of non-GAAP financial measures.

Note: Amounts may not sum due to rounding.

Note: nm = not meaningful.

SCHEDULE 4

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except share data)

June 30, 2026 December 31, 2025

ASSETS

Current assets:

Cash and cash equivalents $ 5,408,962 $ 8,336,402

Accounts receivable, net 1,576,986 784,174

Settlement processing assets 3,619,252 1,476,543

Prepaid expenses and other current assets 1,064,631 802,018

Current assets of discontinued operations — 1,203,534

Total current assets 11,669,831 12,602,671

Goodwill 26,984,810 17,076,624

Other intangible assets, net 19,409,900 4,231,227

Property and equipment, net 2,134,832 1,501,763

Deferred income taxes 344,836 171,430

Notes receivable 842,739 816,810

Other noncurrent assets 2,186,839 1,868,788

Noncurrent assets of discontinued operations — 15,069,171

Total assets $ 63,573,787 $ 53,338,484

LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY

Current liabilities:

Settlement lines of credit $ 1,136,764 $ 345,007

Current portion of long-term debt 925,032 1,920,792

Accounts payable and accrued liabilities 3,707,246 2,542,627

Settlement processing obligations 5,934,765 1,720,608

Income taxes payable 2,449,991 117,509

Current liabilities of discontinued operations — 810,301

Total current liabilities 14,153,798 7,456,844

Long-term debt 21,493,294 19,541,512

Deferred income taxes 2,887,172 1,605,504

Other noncurrent liabilities 1,069,873 522,121

Noncurrent liabilities of discontinued operations — 433,022

Total liabilities 39,604,137 29,559,003

Commitments and contingencies

Redeemable noncontrolling interests 210,757 201,003

Equity:

Preferred stock, no par value; 5,000,000 shares authorized and none issued — —

Common stock, no par value; 400,000,000 shares authorized at June 30, 2026 and December 31, 2025; 265,909,443 shares issued and outstanding at June 30, 2026 and 236,692,592 shares issued and outstanding at December 31, 2025 — —

Paid-in capital 19,405,166 17,078,652

Retained earnings 4,014,698 5,936,322

Accumulated other comprehensive loss (309,157) (126,207)

Total Global Payments shareholders’ equity 23,110,707 22,888,767

Nonredeemable noncontrolling interests 648,186 689,711

Total equity 23,758,893 23,578,478

Total liabilities, redeemable noncontrolling interests and equity $ 63,573,787 $ 53,338,484

SCHEDULE 5

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

Six Months Ended

June 30, 2026 June 30, 2025

Cash flows from operating activities:

Net income (loss) $ (1,750,128) $ 558,870

Adjustments to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization of property and equipment 244,072 225,105

Amortization of acquired intangibles 1,504,738 551,074

Amortization of capitalized contract costs 51,796 66,966

Share-based compensation expense 57,193 79,550

Provision for operating losses and credit losses 72,783 41,880

Noncash lease expense 35,612 25,163

Deferred income taxes (881,242) 95,584

Paid-in-kind interest capitalized to principal of notes receivable (33,396) (38,961)

Equity in income of equity method investments, net of tax (41,531) (38,299)

Distributions received on investments — 7,512

Impairment of goodwill — 33,218

Gain on business disposition (22,174) (4,260)

Other, net 49,937 19,621

Changes in operating assets and liabilities, net of the effects of business combinations:

Accounts receivable (141,531) (102,565)

Prepaid expenses and other assets (288,990) (124,058)

Income taxes payable 2,333,824 (15,461)

Accounts payable and other liabilities (817,165) (8,290)

Net cash provided by operating activities 373,798 1,372,649

Cash flows from investing activities:

Business combinations and other acquisitions, net of cash and restricted cash acquired (1,421,470) (205,825)

Capital expenditures (497,000) (279,747)

Principal payment received on notes receivable 8,750 8,750

Net cash from sales of businesses 7,362,347 —

Net cash provided by (used in) investing activities 5,452,627 (476,822)

Cash flows from financing activities:

Changes in funds held for customers (24,077) (118,967)

Changes in settlement processing assets and obligations, net (694,176) 630,244

Net borrowings from settlement lines of credit 827,464 87,551

Net borrowings from commercial paper notes 674,393 797,732

Proceeds from long-term debt 9,331,133 2,755,112

Repayments of long-term debt (18,055,394) (3,769,614)

Payments of debt issuance costs (9,798) (40,512)

Repurchases of common stock (1,099,942) (691,089)

Proceeds from stock issued under share-based compensation plans 12,331 16,244

Common stock repurchased - share-based compensation plans (33,795) (37,372)

Distributions to noncontrolling interests (37,781) (30,095)

Dividends paid (134,717) (121,501)

Net cash used in financing activities (9,244,359) (522,267)

Effect of exchange rate changes on cash, cash equivalents and restricted cash (5,586) 230,353

Increase (decrease) in cash, cash equivalents and restricted cash (3,423,520) 603,913

Cash, cash equivalents and restricted cash, beginning of the period 9,116,414 2,735,975

Cash, cash equivalents and restricted cash, end of the period $ 5,692,894 $ 3,339,888

SCHEDULE 6

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

Three Months Ended June 30, 2026

GAAP Discontinued Operations

Net Revenue Adjustments(1)

Earnings Adjustments(2)

Income

Taxes on Adjustments(3)

Non-GAAP

Revenues $ 3,320,791 $ — $ (161,717) $ — $ — $ 3,159,074

Operating income (loss) $ 337,121 $ (5,178) $ (11) $ 993,568 $ — $ 1,325,499

Net income (loss) attributable to Global Payments $ 12,971 $ (11) $ 995,062 $ (73,717) $ 934,305

Diluted earnings (loss) per share attributable to Global Payments: $ 0.05 $ 3.46

Diluted weighted-average shares outstanding 270,115 270,115

Three Months Ended June 30, 2025

GAAP Discontinued Operations

Net Revenue Adjustments(1)

Earnings Adjustments(2)

Income

Taxes on Adjustments(3)

Non-GAAP

Revenues $ 1,969,287 $ 615,132 $ (223,184) $ — $ — $ 2,361,234

Operating income (loss) $ 393,308 $ 253,810 $ 343 $ 405,288 $ — $ 1,052,749

Net income (loss) attributable to Global Payments $ 241,640 $ 343 $ 394,314 $ 117,893 $ 754,189

Diluted earnings (loss) per share attributable to Global Payments: $ 0.99 $ 3.10

Diluted weighted-average shares outstanding 243,577 243,577

----------------------------------------------------------------------------------

(1)Include adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company. Net revenue adjustments also include eliminations for services provided by discontinued operations to our continuing operations.

(2)For the three months ended June 30, 2026, earnings adjustments to operating income (inclusive of discontinued operations) include $764.6 million in cost of service (COS) and $229.0 million in selling, general and administrative expenses (SG&A). Adjustments to COS include amortization of acquired intangibles of $757.6 million, acquisition, integration and separation expenses of $0.3 million, and other items of $6.7 million. Adjustments to SG&A include acquisition, integration and separation expenses of $157.4 million, facilities exit charges of $1.7 million, charges for business transformation activities of $40.1 million, employee termination benefits of $25.3 million, and other items of $4.5 million.

For the three months ended June 30, 2025, earnings adjustments to operating income (inclusive of discontinued operations) included $335.6 million of amortization of acquired intangibles in COS and $176.9 million in SG&A. Adjustments to SG&A included acquisition, integration and separation expenses of $24.4 million, facilities exit charges of $5.1 million, charges for business transformation activities of $109.6 million (including non-cash write-down), modernization charges of $8.4 million, employee termination benefits of $24.5 million, and other items of $4.9 million.

Earnings adjustments for the three months ended June 30, 2025, also include the add back of $140.1 million of depreciation and amortization (D&A) of long-lived assets which is no longer recognized under GAAP once the assets are classified as discontinued operations.

For the three months ended June 30, 2025, earnings adjustments to operating income also included a $33.2 million noncash goodwill impairment charge in connection with the classification of our Issuer Solutions business as assets held for sale, and the elimination of a $0.3 million gain on business dispositions.

(3)Income taxes on adjustments reflect the tax effect of earnings adjustments to income before income taxes. The tax rate used in determining the tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. For the three months ended June 30, 2025, income taxes on adjustments include the removal of $202.0 million in tax charges related to business dispositions.

See "Non-GAAP Financial Measures" discussion on Schedule 10.

Note: Amounts may not sum due to rounding.

SCHEDULE 7

RECONCILIATION OF NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)

Six Months Ended June 30, 2026

GAAP Discontinued Operations

Net Revenue Adjustments(1)

Earnings Adjustments(2)

Income

Taxes on Adjustments(3)

Non-GAAP

Revenues $ 6,290,473 $ 54,259 $ (329,370) $ — $ — $ 6,015,363

Operating income (loss) $ 321,475 $ 14,081 $ (12) $ 2,130,582 $ — $ 2,466,126

Net income (loss) attributable to Global Payments $ (1,786,907) $ (12) $ 2,150,303 $ 1,379,857 $ 1,743,241

Diluted earnings (loss) per share attributable to Global Payments: $ (6.58) $ 6.42

Diluted weighted-average shares outstanding 271,564 271,564

Six Months Ended June 30, 2025

GAAP Discontinued Operations

Net Revenue Adjustments(1)

Earnings Adjustments(2)

Income

Taxes on Adjustments(3)

Non-GAAP

Revenues $ 3,789,605 $ 1,213,646 $ (437,188) $ — $ — $ 4,566,061

Operating income (loss) $ 765,267 $ 352,736 $ 637 $ 867,997 $ — $ 1,986,636

Net income (loss) attributable to Global Payments $ 547,374 $ 637 $ 854,056 $ 17,414 $ 1,419,480

Diluted earnings (loss) per share attributable to Global Payments: $ 2.23 $ 5.79

Diluted weighted-average shares outstanding 245,359 245,359

----------------------------------------------------------------------------------

(2)For the six months ended June 30, 2026, earnings adjustments to operating income (inclusive of discontinued operations) include $1,523.5 million in COS and $629.2 million in SG&A. Adjustments to COS include amortization of acquired intangibles of $1,504.6 million, acquisition, integration and separation expenses of $0.5 million, and other items of $18.4 million. Adjustments to SG&A include acquisition, integration and separation expenses of $448.6 million, facilities exit charges of $3.5 million, charges for business transformation activities of $136.0 million, modernization charges of $1.4 million, employee termination benefits of $32.2 million, and other items of $7.5 million.

For the six months ended June 30, 2026, earnings adjustments to operating income also include the elimination of a $22.2 million gain on business dispositions for Discontinued Operations.

For the six months ended June 30, 2025, earnings adjustments to operating income (inclusive of discontinued operations) included $664.9 million of amortization of acquired intangibles in COS and $314.3 million in SG&A. Adjustments to SG&A included acquisition, integration and separation expenses of $52.8 million, facilities exit charges of $9.8 million, charges for business transformation activities of $175.8 million (including non-cash write-down), modernization charges of $17.8 million, employee termination benefits of $24.6 million, charges related to the resolution of a certain legal matter of $18.3 million, and other items of $15.2 million.

Earnings adjustments for the six months ended, June 30, 2025, also include the add back of $140.1 million of D&A of long-lived assets which is no longer recognized under GAAP once the assets are classified as discontinued operations.

For the six months ended June 30, 2025, earnings adjustments to operating income also included a $33.2 million noncash goodwill impairment charge in connection with the classification of our Issuer Solutions business as assets held for sale, and the elimination of a $4.3 million gain on business dispositions.

(3)Income taxes on adjustments reflect the tax effect of earnings adjustments to income before income taxes. The tax rate used in determining the tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. For the six months ended June 30, 2026, income taxes on adjustments include the removal of $1,573.8 million in tax charges related to discontinued operations. In addition, for the six months ended June 30, 2025, income taxes on adjustments include the removal of $202.0 million in tax charges related to business dispositions.

See "Non-GAAP Financial Measures" discussion on Schedule 10.

Note: Amounts may not sum due to rounding.

SCHEDULE 8

RECONCILIATION OF SEGMENT NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

Three Months Ended June 30, 2026

GAAP Discontinued Operations

Net Revenue Adjustments (1)

Earnings Adjustments(2)

Non-GAAP

Revenues:

Enterprise $ 838,301 $ — $ (153) $ — $ 838,149

Platforms 652,768 — (25,234) — 627,534

SMB 1,648,952 — (136,330) — 1,512,621

Other revenues 180,770 — — — 180,770

$ 3,320,791 $ — $ (161,717) $ — $ 3,159,074

Operating income (loss):

Enterprise $ 247,593 $ — $ (11) $ 405,177 $ 652,759

Platforms 192,794 — — 90,839 283,633

SMB 628,460 — — 262,758 891,218

Issuer Solutions — (5,178) — 5,178 —

Corporate/Other (731,726) — — 229,616 (502,111)

$ 337,121 $ (5,178) $ (11) $ 993,568 $ 1,325,499

Three Months Ended June 30, 2025

GAAP Discontinued Operations

Net Revenue Adjustments (1)

Earnings Adjustments(2)

Non-GAAP

Revenues:

Enterprise $ 149,022 $ — $ (1,520) $ — $ 147,502

Platforms 287,774 — (66,656) — 221,119

SMB 1,333,423 — (57,041) — 1,276,382

Issuer Solutions — 615,132 (79,450) — 535,682

Other revenues 199,068 — 178 — 199,246

Intersegment eliminations — — (18,696) — (18,696)

$ 1,969,287 $ 615,132 $ (223,184) $ — $ 2,361,234

Operating income (loss):

Enterprise $ 84,305 $ — $ — $ 29,059 $ 113,364

Platforms 120,248 — — 13,398 133,646

SMB 669,187 — — 160,590 829,778

Issuer Solutions — 253,810 343 11,319 265,472

Corporate/Other (447,481) — — 157,971 (289,511)

Impairment of goodwill (33,218) — — 33,218 —

Gain on business disposition 267 — — (267) —

$ 393,308 $ 253,810 $ 343 $ 405,288 $ 1,052,749

------------------------------------------------------------------------------------------

(2)For the three months ended June 30, 2026, earnings adjustments to operating income (inclusive of discontinued operations) include $764.6 million in COS and $229.0 million in SG&A. Adjustments to COS include amortization of acquired intangibles of $757.6 million, acquisition, integration and separation expenses of $0.3 million, and other items of $6.7 million. Adjustments to SG&A include acquisition, integration and separation expenses of $157.4 million, facilities exit charges of $1.7 million, charges for business transformation activities of $40.1 million, employee termination benefits of $25.3 million, and other items of $4.5 million.

Earnings adjustments for the three months ended June 30, 2025, also include the add back of $140.1 million of D&A of long-lived assets which is no longer recognized under GAAP once the assets are classified as discontinued operations.

See "Non-GAAP Financial Measures" discussion on Schedule 10.

Note: Amounts may not sum due to rounding.

SCHEDULE 9

RECONCILIATION OF SEGMENT NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)

Six Months Ended June 30, 2026

GAAP Discontinued Operations

Net Revenue Adjustments (1)

Earnings Adjustments(2)

Non-GAAP

Revenues:

Enterprise $ 1,560,690 $ — $ (380) $ — $ 1,560,310

Platforms 1,220,854 — (48,384) — 1,172,470

SMB 3,152,293 — (271,154) — 2,881,139

Issuer Solutions — 54,259 (8,281) — 45,978

Other revenues 356,636 — 560 — 357,195

Intersegment eliminations — — (1,731) — (1,731)

$ 6,290,473 $ 54,259 $ (329,370) $ — $ 6,015,363

Operating income (loss):

Enterprise $ 409,088 $ — $ (23) $ 807,164 $ 1,216,228

Platforms 359,772 — — 180,609 540,381

SMB 1,180,663 — — 518,139 1,698,802

Issuer Solutions — (8,093) 11 27,662 19,580

Corporate/Other (1,628,048) — — 619,183 (1,008,864)

Gain on business disposition — 22,174 — (22,174) —

$ 321,475 $ 14,081 $ (12) $ 2,130,582 $ 2,466,126

Six Months Ended June 30, 2025

GAAP Discontinued Operations

Net Revenue Adjustments(1)

Earnings Adjustments(2)

Non-GAAP

Revenues:

Enterprise $ 284,499 $ — $ (2,681) $ — $ 281,817

Platforms 561,906 — (129,444) — 432,462

SMB 2,546,981 — (110,055) — 2,436,927

Issuer Solutions — 1,213,646 (160,196) — 1,053,450

Other revenues 396,219 — 288 — 396,506

Intersegment eliminations — — (35,101) — (35,101)

$ 3,789,605 $ 1,213,646 $ (437,188) $ — $ 4,566,061

Operating income (loss):

Enterprise $ 154,835 $ — $ — $ 58,264 $ 213,099

Platforms 235,451 — — 26,675 262,126

SMB 1,252,636 — (92) 314,977 1,567,522

Issuer Solutions — 352,736 729 156,577 510,041

Corporate/Other (848,697) — — 282,546 (566,152)

Impairment of goodwill (33,218) — — 33,218 —

Gain on business disposition 4,260 — — (4,260) —

$ 765,267 $ 352,736 $ 637 $ 867,997 $ 1,986,636

----------------------------------------------------------------------------------

For the six months ended June 30, 2026, earnings adjustments to operating income also include the elimination of a $22.2 million gain on business dispositions for Discontinued Operations.

See "Non-GAAP Financial Measures" discussion on Schedule 10.

Note: Amounts may not sum due to rounding.

SCHEDULE 10

OUTLOOK SUMMARY (UNAUDITED)

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In millions, except per share data)

2026 Growth

Revenues:

GAAP revenues 70% to 71%

Adjustments incl Worldpay Proforma(1)

(68)%

FX impact 0%

Constant currency (CC) adj net revenue 2% to 3%

Dispositions 2%

CC adjusted net revenue excluding dispositions 4% to 5%

Earnings Per Share:

GAAP diluted EPS (185)% to (187)%

Adjustments(2)

198%

FX impact 0%

CC adjusted EPS 11% to 13%

(1)Include adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefit to the company. Amounts also include adjustments to eliminate the effect of acquisition accounting fair value adjustments for software-related contract liabilities associated with acquired businesses. Net revenue adjustments also include the effect of discontinued operations.

(2)Adjustments to 2025 GAAP diluted EPS include the removal of 1) software-related contract liability adjustments described above of $0.01, 2) acquisition related amortization expense of $4.42, 3) acquisition, integration, and separation expense of $1.06, 4) charges for business transformation activities of $1.27, 5) employee termination benefits of $0.10, 6) modernization charges of $0.12, 7) facilities exit charges of $0.06, 8) goodwill impairment of $0.11, 9) gain/loss on business dispositions of $(0.49), 10) add back of D&A of long-lived assets which is no longer recognized under GAAP once the assets are classified as discontinued operations of $(1.43), 11) other income and expense of $0.19, 12) equity method investment earnings from our interest in a private equity investment fund of $(0.20), 13) discrete tax items of $1.18, 14) other items of $0.04, 15) the effect of noncontrolling interests and income taxes, as applicable.

NON-GAAP FINANCIAL MEASURES

Global Payments supplements revenues, operating income, operating margin, net income attributable to Global Payments, and earnings per share (EPS) determined in accordance with U.S. GAAP by providing these measures with certain adjustments (such measures being non-GAAP financial measures) in this document to assist with evaluating our performance. In addition to GAAP measures, management uses these non-GAAP financial measures to focus on the factors the company believes are pertinent to the daily management of our operations. The constant currency growth measures adjust for the impact of exchange rates and are calculated using average exchange rates during the comparable period in the prior year. Management uses these non-GAAP financial measures, together with other metrics, to set goals for and measure the performance of the business and to determine incentive compensation. Adjusted net revenue, adjusted operating income, adjusted operating margin, adjusted net income attributable to Global Payments, and adjusted EPS should be considered in addition to, and not as substitutes for, revenues, operating income, and EPS determined in accordance with GAAP. The non-GAAP financial measures reflect management's judgment of particular items, and may not be comparable to similarly titled measures reported by other companies.

Adjusted net revenue excludes gross-up related payments associated with certain lines of business to reflect economic benefits to the company. On a GAAP basis, these payments are presented gross in both revenues and operating expenses. Management believes adjusted net revenue more closely reflects the economic benefits to the company's core business and allows for better comparisons with industry peers.

Adjusted operating income, adjusted operating margin, adjusted net income attributable to Global Payments and adjusted EPS exclude acquisition-related amortization expense, acquisition, integration, separation and transformation expense, gains or losses on business dispositions, and certain other items specific to each reporting period as more fully described in the accompanying reconciliations in Schedules 6 and 7. In addition depreciation expense of certain acquired technology assets is also excluded, as it is a noncash expense and, based on its nature, is impacted by future integration initiatives. Excluding such depreciation expense supplements GAAP information with a measure that can be used to assess the comparability of operating performance across periods, as such assets were recognized as part of acquisition accounting. The tax rate used in determining the income tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. In addition, income taxes on adjustments include the removal of tax charges related to business dispositions.

Adjusted operating margin is derived by dividing adjusted operating income by adjusted net revenue.

EX-99.2

Filename: exhibit99220260630.htm · Sequence: 3

Document

Exhibit 99.2

SCHEDULE 1

SUPPLEMENTAL COMBINED FINANCIAL INFORMATION

RECONCILIATION OF SEGMENT NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

COMBINED RESULTS OF GLOBAL PAYMENTS INC. CONTINUING OPERATIONS AND WORLDPAY

(In thousands)

Three Months Ended March 31, 2025

GAAP (1)

Net Revenue Adjustments (2)

Earnings Adjustments(3)

Non-GAAP

Revenues:

Enterprise $ 703,870 $ (1,166) $ — $ 702,704

Platforms 571,928 (31,734) — 540,194

SMB 1,530,361 (149,641) — 1,380,720

Other revenues 227,048 304 — 227,352

$ 3,033,207 $ (182,237) $ — $ 2,850,969

Operating income (loss):

Enterprise $ 302,268 $ — $ 242,812 $ 545,080

Platforms 173,211 — 89,299 262,511

SMB 677,646 — 200,142 877,788

Corporate/Other (827,519) — 256,577 (570,942)

Gain on business disposition 3,993 — (3,993) —

$ 329,599 $ — $ 784,838 $ 1,114,437

------------------------------------------------------------------------------------------

(1)Represents Global Payments continuing operations and Worldpay financial information determined in accordance with GAAP applied by Global Payments.

(2)Includes adjustments to revenues for gross-up related payments (included in operating expenses) associated with certain lines of business to reflect economic benefits to the company, elimination of revenues between Global Payments and Worldpay, and adjustments to conform Worldpay's presentation with that of Global Payments.

(3)For the three months ended March 31, 2025, earnings adjustments to operating income include depreciation and amortization of $548.8 million, which is primarily amortization of acquired intangibles, acquisition, integration, separation and transformation expenses of $186.3 million, facilities exit charges of $4.7 million, employee termination benefits of $0.2 million, charges related to the resolution of a certain legal matter of $18.3 million, and other items of $30.6 million.

Earnings adjustments to operating income also included the elimination of a $4.0 million gain on business dispositions.

See "Non-GAAP Financial Measures" discussion in Schedule 6.

Note: Amounts may not sum due to rounding.

Exhibit 99.2

SCHEDULE 2

SUPPLEMENTAL COMBINED FINANCIAL INFORMATION

RECONCILIATION OF SEGMENT NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

COMBINED RESULTS OF GLOBAL PAYMENTS INC. CONTINUING OPERATIONS AND WORLDPAY

(In thousands)

Three Months Ended June 30, 2025

GAAP (1)

Net Revenue Adjustments (2)

Earnings Adjustments(3)

Non-GAAP

Revenues:

Enterprise $ 785,234 $ (1,520) $ — $ 783,714

Platforms 613,305 (29,242) — 584,063

SMB 1,671,778 (157,763) — 1,514,014

Other revenues 231,457 178 — 231,636

$ 3,301,774 $ (188,347) $ — $ 3,113,426

Operating income (loss):

Enterprise $ 375,200 $ — $ 239,295 $ 614,495

Platforms 186,323 — 95,047 281,370

SMB 773,706 — 205,749 979,454

Corporate/Other (855,699) — 271,751 (583,948)

Impairment of goodwill (33,218) — 33,218 —

Gain on business disposition 267 — (267) —

$ 446,578 $ — $ 844,793 $ 1,291,371

------------------------------------------------------------------------------------------

(1)Represents Global Payments continuing operations and Worldpay financial information determined in accordance with GAAP applied by Global Payments.

(3)For the three months ended June 30, 2025, earnings adjustments to operating income include depreciation and amortization of $554.6 million, which is primarily amortization of acquired intangibles, acquisition, integration, separation and transformation expenses of $198.5 million, facilities exit charges of $5.1 million, employee termination benefits of $24.5 million, and other items of $29.1 million.

Earnings adjustments to operating income also included a $33.2 million noncash goodwill impairment charge in connection with the classification of our Issuer Solutions business as assets held for sale, and the elimination of a $0.3 million gain on business dispositions.

See "Non-GAAP Financial Measures" discussion in Schedule 6.

Note: Amounts may not sum due to rounding.

Exhibit 99.2

SCHEDULE 3

SUPPLEMENTAL COMBINED FINANCIAL INFORMATION

RECONCILIATION OF SEGMENT NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

COMBINED RESULTS OF GLOBAL PAYMENTS INC. CONTINUING OPERATIONS AND WORLDPAY

(In thousands)

Three Months Ended September 30, 2025

GAAP (1)

Net Revenue Adjustments (2)

Earnings Adjustments(3)

Non-GAAP

Revenues:

Enterprise $ 774,870 $ (1,475) $ — $ 773,395

Platforms 604,145 (26,134) — 578,011

SMB 1,701,022 (151,115) — 1,549,907

Other revenues 210,245 137 — 210,381

$ 3,290,282 $ (178,588) $ — $ 3,111,694

Operating income (loss):

Enterprise $ 352,895 $ — $ 240,246 $ 593,141

Platforms 159,730 — 95,289 255,019

SMB 765,846 — 184,265 950,111

Corporate/Other (834,008) — 295,658 (538,350)

Gain on business disposition 343,891 — (343,891) —

$ 788,354 $ — $ 471,567 $ 1,259,921

------------------------------------------------------------------------------------------

(1)Represents Global Payments continuing operations and Worldpay financial information determined in accordance with GAAP applied by Global Payments.

(3)For the three months ended September 30, 2025, earnings adjustments to operating income include depreciation and amortization of $563.3 million, which is primarily amortization of acquired intangibles, acquisition, integration, separation, and transformation expenses of $261.0 million, facilities exit charges of $4.9 million, employee termination benefits of $4.3 million, and other items of $(18.1) million.

Earnings adjustments to operating income also included the elimination of a $343.9 million gain on business dispositions.

See "Non-GAAP Financial Measures" discussion in Schedule 6.

Note: Amounts may not sum due to rounding.

Exhibit 99.2

SCHEDULE 4

SUPPLEMENTAL COMBINED FINANCIAL INFORMATION

RECONCILIATION OF SEGMENT NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

COMBINED RESULTS OF GLOBAL PAYMENTS INC. CONTINUING OPERATIONS AND WORLDPAY

(In thousands)

Three Months Ended December 31, 2025

GAAP (1)

Net Revenue Adjustments (2)

Earnings Adjustments(3)

Non-GAAP

Revenues:

Enterprise $ 796,662 $ (1,522) $ — $ 795,140

Platforms 600,532 (24,036) — 576,497

SMB 1,533,914 (144,324) — 1,389,590

Other revenues 257,840 (389) — 257,451

$ 3,188,948 $ (170,271) $ — $ 3,018,677

Operating income (loss):

Enterprise $ 397,612 $ — $ 241,088 $ 638,700

Platforms 161,292 — 92,005 253,297

SMB 603,687 — 242,007 845,694

Corporate/Other (880,124) — 390,828 (489,297)

Gain on business disposition (32,174) — 32,174 —

$ 250,293 $ — $ 998,101 $ 1,248,394

------------------------------------------------------------------------------------------

(1)Represents Global Payments continuing operations and Worldpay financial information determined in accordance with GAAP applied by Global Payments.

(3)For the three months ended December 31, 2025, earnings adjustments to operating income include depreciation and amortization of $589.7 million, which is primarily amortization of acquired intangibles, acquisition, integration, separation and transformation expenses of $364.6 million, facilities exit charges of $4.6 million, employee termination benefits of $3.7 million, and other items of $3.3 million.

Earnings adjustments to operating income also included the elimination of a $32.2 million loss on business dispositions.

See "Non-GAAP Financial Measures" discussion in Schedule 6.

Note: Amounts may not sum due to rounding.

Exhibit 99.2

SCHEDULE 5

SUPPLEMENTAL COMBINED FINANCIAL INFORMATION

RECONCILIATION OF SEGMENT NON-GAAP FINANCIAL MEASURES TO GAAP MEASURES (UNAUDITED)

COMBINED RESULTS OF GLOBAL PAYMENTS INC. CONTINUING OPERATIONS AND WORLDPAY

(In thousands)

Year Ended December 31, 2025

GAAP (1)

Net Revenue Adjustments (2)

Earnings Adjustments(3)

Non-GAAP

Revenues:

Enterprise $ 3,060,636 $ (5,684) $ — $ 3,054,952

Platforms 2,389,910 (111,146) — 2,278,764

SMB 6,437,074 (602,844) — 5,834,230

Other revenues 926,589 232 — 926,821

$ 12,814,209 $ (719,443) $ — $ 12,094,767

Operating income (loss):

Enterprise $ 1,427,975 $ — $ 963,441 $ 2,391,416

Platforms 680,557 — 371,641 1,052,197

SMB 2,820,884 — 832,163 3,653,047

Corporate/Other (3,397,350) — 1,214,813 (2,182,537)

Impairment of goodwill (33,218) — 33,218 —

Gain on business disposition 315,976 — (315,976) —

$ 1,814,824 $ — $ 3,099,299 $ 4,914,123

------------------------------------------------------------------------------------------

(1)Represents Global Payments continuing operations and Worldpay financial information determined in accordance with GAAP applied by Global Payments.

(3)For the year ended December 31, 2025, earnings adjustments to operating income include depreciation and amortization of $2,256.4 million, which is primarily amortization of acquired intangibles, acquisition, integration, separation, and transformation expenses of $1,010.5 million, facilities exit charges of $19.3 million, employee termination benefits of $32.6 million, charges related to the resolution of a certain legal matter of $18.3 million, and other items of $45.0 million.

See "Non-GAAP Financial Measures" discussion in Schedule 6.

Note: Amounts may not sum due to rounding.

Exhibit 99.2

SCHEDULE 6

NON-GAAP FINANCIAL MEASURES

Adjusted operating income, adjusted operating margin, adjusted net income attributable to Global Payments and adjusted EPS exclude acquisition-related amortization expense, acquisition, integration, separation and transformation expense, gains or losses on business dispositions, and certain other items specific to each reporting period as more fully described in the accompanying reconciliations in Schedules 1-5. In addition depreciation expense of certain acquired technology assets is also excluded, as it is a noncash expense and, based on its nature, is impacted by future integration initiatives. Excluding such depreciation expense supplements GAAP information with a measure that can be used to assess the comparability of operating performance across periods, as such assets were recognized as part of acquisition accounting. The tax rate used in determining the income tax impact of earnings adjustments is either the jurisdictional statutory rate in effect at the time of the adjustment or the jurisdictional expected annual effective tax rate for the period, depending on the nature and timing of the adjustment. In addition, income taxes on adjustments include the removal of tax charges related to business dispositions.

Adjusted operating margin is derived by dividing adjusted operating income by adjusted net revenue.

This document contains supplemental non-GAAP financial information which reflects the combined results of Global Payments' continuing operations and Worldpay on a quarterly basis and for the year ended December 31, 2025. We believe this non-GAAP financial information will assist investors with evaluating the performance of our business following our acquisition of Worldpay. The supplemental information is not necessarily indicative of the actual results that might have been achieved if Worldpay had been owned by the Company during the periods presented.

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v3.26.1

Cover Page

Aug. 05, 2026

Document Information [Line Items]

Document Type

8-K

Document Period End Date

Aug. 05, 2026

Entity File Number

001-16111

Entity Registrant Name

GLOBAL PAYMENTS INC.

Entity Incorporation, State or Country Code

Entity Tax Identification Number

58-2567903

Entity Address, Address Line One

3550 Lenox Road,

Entity Address, City or Town

Atlanta,

Entity Address, State or Province

Entity Address, Postal Zip Code

30326

City Area Code

770

Local Phone Number

829-8000

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Entity Central Index Key

0001123360

Amendment Flag

false

Common Stock

Document Information [Line Items]

Title of 12(b) Security

Common stock, no par value

Trading Symbol

GPN

Security Exchange Name

NYSE

4.875% Senior Notes Due 2031

Document Information [Line Items]

Title of 12(b) Security

4.875% Senior Notes due 2031

Trading Symbol

GPN31A

Security Exchange Name

NYSE

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Area code of city

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Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

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Indicate if registrant meets the emerging growth company criteria.

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Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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Two-character EDGAR code representing the state or country of incorporation.

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The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Local phone number for entity.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Title of a 12(b) registered security.

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Name of the Exchange on which a security is registered.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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