The adjusted EPS beat and reaffirmed guidance support the bull case, but the massive GAAP loss from discontinued operations and ongoing integration complexity warrant caution. Watch for updates on Worldpay integration milestones and any changes to the full-year outlook on the earnings call.
Price Chart
Executive Summary
Global Payments reported Q1 2026 adjusted EPS of $2.96, a 10% increase YoY and above the $2.82 consensus estimate. GAAP results showed a net loss of $1.8B due to a $1.59B loss from discontinued operations related to the Issuer Solutions divestiture. The company reaffirmed its full-year 2026 outlook for adjusted EPS of $13.80-$14.00 and ~5% normalized adjusted net revenue growth, while announcing a new $500M accelerated share repurchase plan.
Key Financial Metrics
Key Facts
- Q1 2026 adjusted EPS of $2.96 beat consensus of $2.82 by 5.0% and grew 10% YoY from $2.69
- GAAP diluted EPS was ($6.59) due to a $1.59B loss from discontinued operations (Issuer Solutions)
- Adjusted net revenue grew 29.5% to $2.86B; normalized growth was ~5.5% (4.5% constant currency)
- Full-year 2026 outlook reaffirmed: adjusted EPS $13.80-$14.00, normalized adjusted net revenue growth ~5%
- Announced $500M accelerated share repurchase plan; expects to return over $2B to shareholders in 2026
- Adjusted operating margin expanded 110 bps on a normalized basis to 39.9%
- Dividend of $0.25 per share declared, payable June 26, 2026
Financial Impact
Adjusted EPS beat consensus by $0.14 (5.0%); GAAP net loss of $1.8B driven by $1.59B discontinued operations charge
Risk Factors
- Worldpay integration may face execution delays or fail to deliver expected cost synergies
- Macroeconomic headwinds could pressure consumer spending and transaction volumes
- Elevated leverage from the Worldpay acquisition limits financial flexibility
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001123360-26-000070 |
| Document: gpn-20260506.htm | 0001123360-26-000070 |
| Document: 0001123360-26-000070-index-headers.html | 0001123360-26-000070 |
| Document: 0001123360-26-000070-index.html | 0001123360-26-000070 |
| Document: 0001123360-26-000070.txt | 0001123360-26-000070 |
| 8-K Data (Synthetic) | 0001123360-26-000070 |
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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