The Q2 beat on adjusted EPS is overshadowed by the lowered full-year guidance, which will likely pressure the stock. Monitor the impact of the Middle East conflict on the travel portfolio and any further guidance revisions in the next quarter.
Price Chart
Executive Summary
Global Payments reported Q2 2026 adjusted EPS of $3.46, a 12% increase, and adjusted net revenue of $3.16 billion, up 34% YoY. However, the company lowered its full-year 2026 guidance for both revenue growth and adjusted EPS, citing the impact of the Middle East conflict on its travel portfolio.
Key Financial Metrics
Key Facts
- Q2 2026 adjusted EPS of $3.46, up 12% YoY, vs. consensus of $3.44 (a beat).
- Q2 2026 adjusted net revenue of $3.16 billion, up 34% YoY (33.8% per schedule), vs consensus of $3.16B (in-line).
- Full-year 2026 adjusted EPS guidance lowered to $13.60-$13.80, from $13.80-$14.00.
- Full-year 2026 normalized, constant currency adjusted net revenue growth guidance lowered to 4%-5%, from ~5%.
- Guidance cut attributed to the ongoing conflict in the Middle East and its impact on the travel portfolio.
- Adjusted operating margin expanded 70 bps on a normalized basis to 42.0%.
- Returned $1.2 billion in capital to shareholders year-to-date, exceeding 50% of the >$2 billion 2026 plan.
- GAAP revenue was $3.32 billion, up 68.6% YoY, and GAAP diluted EPS was $0.05.
- Q2 2026 GAAP operating income fell 14.3% YoY to $337 million.
- Q2 2026 GAAP net income attributable to Global Payments fell 94.6% YoY to $12.97 million.
Financial Impact
Full-year 2026 adjusted EPS guidance lowered by $0.20 at the midpoint to $13.60-$13.80. Revenue growth guidance reduced by ~1 percentage point to 4%-5%.
Risk Factors
- Ongoing conflict in the Middle East could continue to pressure the travel portfolio and revenue growth.
- Integration risks related to the Worldpay acquisition may not be fully realized.
- Macroeconomic headwinds and FX volatility could impact future results.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001123360-26-000082 |
| Exhibit: exhibit99220260630.htm | 0001123360-26-000082 |
| Document: gpn-20260805.htm | 0001123360-26-000082 |
| Document: 0001123360-26-000082-index-headers.html | 0001123360-26-000082 |
| Document: 0001123360-26-000082-index.html | 0001123360-26-000082 |
| Document: 0001123360-26-000082.txt | 0001123360-26-000082 |
| 8-K Data (Synthetic) | 0001123360-26-000082 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 5, 2026 8w ago | 8-K | $87.48 $92.81 | ▲ +6.09% | ▲ +6.69% | $78.51 (−10.25%) |
May 7, 2026 21w ago | 8-K | $70.11 $67.85 | ▼ −3.22% | ▼ −6.36% | $78.51 (+11.98%) |
May 6, 2026 21w ago | 8-K | $69.38 $67.85 | ▼ −2.21% | ▼ −4.99% | $78.51 (+13.16%) |
Mar 17, 2026 28w ago | DEFA14A | $69.61 $70.78 | ▲ +1.68% | ▼ −4.37% | $78.51 (+12.79%) |
Mar 5, 2026 30w ago | 8-K | $78.10 $63.97 | ▼ −18.09% | ▼ −14.30% | $78.51 (+0.52%) |
US Market Status
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