February 18, 2026 2025 Results & 2026 Outlook Cameron Bready Chief Executive Officer Bob Cortopassi President and Chief Operating Officer Josh Whipple Chief Financial Officer © 2026 Global Payments Inc. All rights reserved. © 2026 Global Payments Inc. All rights reserved. DC2-Restricted Today's Speakers 2 Forward-looking statements This presentation may contain certain forward-looking statements within the meaning of the "safe-harbor" provisions of the Private Securities Litigation Reform Act of 1995. These ...

Financial Performance - Fourth quarter 2025 GAAP revenue was $1.90 billion, with adjusted net revenue of $2.32 billion, reflecting a 6% increase in constant currency excluding dispositions[3] - Fourth quarter 2025 GAAP diluted earnings per share (EPS) were $0.92, while adjusted EPS increased to $3.18, marking an 11% growth in constant currency[3] - For the full year 2025, GAAP revenue totaled $7.71 billion, compared to $7.74 billion in 2024, with adjusted net revenues increasing 2% to $9.32 billion[7] - Revenues for Q4 2025 were $1,896,765, a slight decrease of 0.1% compared to $1,898,345 in Q4 2024[22] - Adjusted net revenue increased by 1.4% to $2,320,316 in Q4 2025 from $2,289,015 in Q4 2024[23] - For the year ended December 31, 2025, total revenues were $7,705,878, a decrease of 0.4% from $7,735,970 in 2024[27] - For the year ended December 31, 2025, Global Payments reported GAAP revenues of $7,705,878, with non-GAAP revenues reaching $9,315,056, reflecting a year-over-year increase in non-GAAP revenues of approximately 1.76% from $9,154,007 in 2024[39] Earnings and Income - Adjusted operating margin expanded by 80 basis points to 44.7% in the fourth quarter of 2025[7] - The company projects adjusted earnings per share for 2026 to be between $13.80 and $14.00, representing a growth of 13% to 15%[8] - Operating income for Q4 2025 was $215,330, down 70.1% from $720,359 in Q4 2024[22] - Adjusted operating income rose by 3.3% to $1,036,821 in Q4 2025 compared to $1,004,165 in Q4 2024[23] - Net income attributable to Global Payments decreased by 61.6% to $217,524 in Q4 2025 from $567,173 in Q4 2024[22] - Basic earnings per share for continued operations fell by 67.4% to $0.63 in Q4 2025 from $1.93 in Q4 2024[22] - Net income for the year ended December 31, 2025, was $1,456,047 thousand, a decrease of 11.5% compared to $1,644,153 thousand in 2024[32] - Net income attributable to Global Payments for 2025 was $1,400,107 under GAAP, with non-GAAP net income at $2,957,165, representing a 5.27% increase from $2,809,413 in 2024[39] Shareholder Returns - Global Payments announced a share repurchase authorization of $2.5 billion and an accelerated share repurchase plan of $550 million[10] - The company expects to return over $2 billion to shareholders through repurchases and dividends in 2026, including the accelerated share repurchase plan[10] - Global Payments aims to return $7.5 billion of capital to shareholders through the end of 2027, consistent with targets established at the 2024 investor conference[4] Assets and Liabilities - Total assets increased to $53,338,484 thousand as of December 31, 2025, up from $46,890,255 thousand in 2024, representing a growth of approximately 10.4%[31] - Total liabilities rose to $29,559,003 thousand in 2025, up from $23,873,688 thousand in 2024, indicating an increase of 23.8%[31] - Cash and cash equivalents increased significantly to $9,116,414 thousand at the end of 2025, compared to $2,735,975 thousand at the end of 2024, marking an increase of 232.5%[32] - The company’s long-term debt increased to $19,541,512 thousand in 2025 from $15,079,453 thousand in 2024, a rise of 29.8%[31] Business Operations - The company completed the acquisition of Worldpay and divestiture of Issuer Solutions, positioning itself as a leading pure-play merchant solutions provider[3] - The Merchant Solutions business exited 2025 with slightly more than 6% growth, supported by strong adjusted free cash flow generation[5] - The company recognized a goodwill impairment charge of $33.2 million related to the Issuer Solutions business, reflecting strategic asset management decisions[40] - Global Payments eliminated a loss on business dispositions of $160.4 million for discontinued operations in the fourth quarter of 2025, indicating improved asset management strategies[45] Future Outlook - The outlook for 2026 indicates GAAP revenue growth of approximately 75%, with constant currency adjusted net revenue growth expected at 5% excluding dispositions[58] - GAAP diluted EPS for 2026 is projected to decline by 30% to 32%, while constant currency adjusted EPS is expected to grow by 13% to 15%[58] - Adjusted net revenue for 2025 reflects total company performance, including discontinued operations, and is believed to provide a better comparison with industry peers[60] - Adjusted operating income for 2025 excludes acquisition-related amortization expense and other specific items, reflecting the company's core business performance[61] - The company emphasizes the importance of non-GAAP financial measures for evaluating performance and setting operational goals[59]

Core Insights - Global Payments Inc. (GPN) is scheduled to report its fourth-quarter 2025 results on February 18, 2026, with earnings estimated at $3.18 per share and revenues at $2.32 billion [1] Earnings Estimates - The fourth-quarter earnings estimate has seen one upward revision in the past 60 days, indicating a year-over-year increase of 7.8% [2] - The Zacks Consensus Estimate for quarterly revenues suggests a year-over-year growth of 1.4% [2] - For the full year 2025, the revenue estimate stands at $9.31 billion, reflecting a 1.8% year-over-year rise, while the EPS estimate is $12.22, indicating a 5.8% increase year-over-year [3] Recent Performance - GPN has beaten the consensus estimate in three of the last four quarters, with an average surprise of 1.9% [3] Earnings Whispers - The current model does not predict an earnings beat for GPN, with an Earnings ESP of -1.26% and a Zacks Rank of 2 (Buy) [4] Segment Performance - GPN's Merchant Solutions and Issuer Solutions segments are expected to show growth in Q4 [7] - Merchant Solutions' adjusted revenues are estimated to increase by 0.3% from the previous year's $1.76 billion, with adjusted operating income expected to grow by 3.4% from $852 million [8] - Issuer Solutions' adjusted revenues are projected to rise by 4.4% from $542.1 million, with adjusted operating income expected to increase by 5.8% from $254.4 million [9] Cost Expectations - Adjusted costs of service are anticipated to rise by 4% year-over-year, with total operating costs expected to be around $1.3 billion for the quarter [10] Regional Revenue Insights - Revenue from Europe is expected to decrease by 56.3% year-over-year, while revenues from the Americas are projected to fall by approximately 46% [11] - Conversely, revenues from the Asia Pacific region are expected to grow by 8.3% year-over-year [11]

Core Viewpoint - Global Payments (GPN) is expected to report quarterly earnings of $3.18 per share, a 7.8% increase year-over-year, with revenues projected at $2.32 billion, reflecting a 1.4% year-over-year increase [1]. Earnings Estimates - Over the last 30 days, the consensus EPS estimate for the quarter has been revised upward by 0.3%, indicating analysts' reassessment of their initial forecasts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock price performance [3]. Revenue Projections - Analysts project 'Non-GAAP Revenues - Merchant Solutions' to reach $1.77 billion, indicating a year-over-year change of +0.3% [5]. - 'Non-GAAP Revenues - Issuer Solutions' is estimated to be $565.94 million, reflecting a +4.4% change from the previous year [5]. - 'Revenues - Merchant Solutions' are predicted to be $1.93 billion, suggesting a +2.1% year-over-year change [5]. Operating Income Estimates - 'Non-GAAP Operating Income - Merchant Solutions' is expected to be $880.59 million, compared to $852.03 million reported in the same quarter last year [6]. - 'Non-GAAP Operating Income - Issuer Solutions' is projected at $269.31 million, up from $254.44 million in the previous year [6]. - The consensus for 'Operating Income - Merchant Solutions' is $674.05 million, compared to $652.41 million reported in the same quarter last year [7]. Stock Performance - Shares of Global Payments have decreased by -6.8% over the past month, contrasting with a -0.3% change in the Zacks S&P 500 composite [7]. - With a Zacks Rank 2 (Buy), GPN is anticipated to outperform the overall market in the near future [7].

Global Payments Inc. (NYSE:GPN) is among the 12 Best Digital Currency and Payments Stocks to Buy Right Now. Stephens Keeps an Equal Weight Rating on Global Payments Inc. (GPN) TheFly stated on January 16, 2026, that Stephens kept its Equal Weight rating. It reduced its price target for Global Payments Inc. (NYSE:GPN) from $95 to $90. The modification was included in the company’s Financial Technology group outlook note for 2026. According to the analyst, 2025 was a difficult year for the firm as well as ...

Global Payments Inc. (NYSE:GPN) is one of the best affordable long term stocks to buy according to hedge funds. On January 27, Cantor Fitzgerald started covering Global Payments Inc. (NYSE:GPN) with a Neutral rating and set a price target of $80. The firm pointed out that Global Payments has changed a lot recently, becoming a “pure-play merchant acquirer” after buying Worldpay and selling its Issuer Solutions business to FIS. Global Payments (GPN) Draws Mixed Analyst Views Following Worldpay Deal and Stra ...

Core Insights - Global Payments Inc. (GPN) is valued at a market cap of $17.6 billion and is a leading provider of payment technology and software solutions [1] - The company has significantly underperformed the broader market, with stock prices declining 35.7% over the past 52 weeks and 8.5% in 2026, compared to the S&P 500 Index's 14% gains [2] - GPN has also lagged behind the Amplify Digital Payments ETF's 22.7% decline over the past year [3] Company Developments - On January 12, Global Payments completed its acquisition of Worldpay from FIS and GTCR, while divesting its Issuer Solutions business to FIS, transforming into a pure-play commerce solutions provider [6] - This acquisition creates a platform serving over 6 million merchant locations, processing $3.7 trillion in payments and approximately 94 billion transactions annually across more than 175 countries [6] Financial Performance - For FY2025, analysts expect GPN to deliver an adjusted EPS of $11.72, reflecting a 6.1% year-over-year increase [7] - The company has a strong earnings surprise history, surpassing bottom-line estimates in each of the past four quarters [7] - Among 32 analysts covering the stock, the consensus rating is a "Moderate Buy," with 11 "Strong Buys," one "Moderate Buy," 18 "Holds," and two "Strong Sells" [7] Analyst Coverage - Cantor Fitzgerald initiated coverage on Global Payments with a "Neutral" rating and an $80 price target, noting the company's transformation into a pure-play merchant acquirer [9] - The firm emphasized GPN's "divest and refresh" strategy, which has driven 22.33% revenue growth over the past year [9]

Industry Overview - Mobile payments are increasingly replacing physical wallets, enhancing transaction speed and efficiency in the global economy [2][3] - The global mobile payments market reached $4.97 trillion in 2025 and is projected to grow to $46.62 trillion by 2034, reflecting a 28% compound annual growth rate [4] Technological Advancements - The rise of smartphone penetration, wearables, and fintech innovations are driving mobile payment adoption, particularly among Gen Z and Millennials [3] - Technologies such as AI and blockchain are improving fraud prevention and transaction reliability [3] Market Dynamics - E-commerce growth and improved digital infrastructure are reinforcing mobile payment momentum, benefiting small businesses by enhancing cash flow and financial visibility [5] - Competition is intensifying among companies like Nu Holdings, Global Payments, and Remitly, which are forming deeper partnerships to scale their operations [6] Company Insights: Nu Holdings - Nu Holdings offers mobile payment capabilities through its Nubank platform, integrating payments into a single app-based ecosystem [8] - The company serves over 127 million customers globally, with a strong engagement rate of over 83% [9] - Nu Holdings is strategically applying for a U.S. national bank charter to access a larger digital payments market [10] Company Insights: Global Payments - Global Payments is a leading provider of payment technology, enabling mobile and digital wallet transactions across various channels [11] - The company generates revenue primarily through transaction-based fees, benefiting from the rise in mobile payment adoption [13] Company Insights: Remitly Global - Remitly operates a mobile-first platform focused on international remittances, facilitating seamless cross-border payments [14] - The company reported 8.9 million active customers and a 35% year-over-year increase in total send volume to $19.5 billion [16] - Remitly is expanding its partnerships to enhance geographic coverage and accelerate settlement times [17]

Group 1 - Global Payments Inc. (GPN) is identified as a leading online and POS payment platform, with the stock previously considered undervalued at $103.25 due to a low P/E ratio [1] - The investment strategy combines fundamental analysis with options trading, focusing on various strategies including income-oriented investments, growth at a reasonable price, deep value, and dividend aristocrats [1] - The analyst employs 20-25 options strategies for purposes such as hedging, bullish substitutes, neutral trades, trading volatility, and earnings-related trades [1] Group 2 - The analyst has a beneficial long position in GPN shares through stock ownership, options, or other derivatives, indicating a personal investment interest in the company [2]

Group 1 - Global Payments Inc. (GPN) is identified as a leading online and POS payment platform, with the stock previously seen as undervalued at $103.25, particularly due to a low P/E ratio [1] - The investment strategy combines fundamental analysis with options trading, focusing on various strategies including income-oriented investments, growth at a reasonable price, deep value, and dividend aristocrats [1] - The analyst employs 20-25 options strategies for purposes such as hedging, bullish substitutes, neutral trades, trading volatility, and earnings-related trades [1] Group 2 - The analyst has a beneficial long position in GPN shares through stock ownership, options, or other derivatives, indicating a personal investment interest in the company [2]