Financial Performance - Consolidated revenues were $2,007.6 million for the three months ended September 30, 2025, a 0.5% increase from $1,997.7 million in the same period of 2024[124] - For the nine months ended September 30, 2025, consolidated revenues were $5,773.1 million, a 0.5% decrease from $5,802.8 million in 2024[133] - Operating income for the three and nine months ended September 30, 2025 was $778.0 million and $1,585.3 million, respectively, compared to $442.7 million and $1,277.7 million in the prior year, resulting in operating margins of 38.8% and 27.5%[142] - Income from continuing operations was $473.3 million and $928.7 million for the three and nine months ended September 30, 2025, compared to $303.9 million and $868.8 million for the prior year[149] - Diluted earnings per share for the three and nine months ended September 30, 2025 were $1.86 and $3.67, respectively, reflecting a decrease in diluted weighted-average shares outstanding to 240.2 million and 243.6 million shares[150] Segment Performance - The Merchant Solutions segment operating income for the three months ended September 30, 2025, increased by 6.0% to $749.99 million compared to $707.55 million in 2024[130] - The operating margin for the Merchant Solutions segment improved to 37.4% for the three months ended September 30, 2025, compared to 35.4% in 2024[130] - Revenues in the integrated and embedded solutions service line increased by $56.3 million (6.8%) and $158.6 million (6.7%) for the three and nine months ended September 30, 2025, respectively, while revenues in point of sale and software solutions decreased by $37.2 million (9.8%) and $110.5 million (9.6%) in the same periods[136] Expenses and Cost Management - Operating expenses for the three months ended September 30, 2025, decreased by 20.9% to $1,229.6 million from $1,554.9 million in 2024[130] - Selling, general and administrative expenses decreased by $84.6 million (10.8%) and $186.5 million (8.0%) for the three and nine months ended September 30, 2025, respectively, with expenses as a percentage of segment revenues at 34.9% and 37.2%[139][140] - The company incurred acquisition and transformation expenses of $205.1 million for the three months ended September 30, 2025[130] - Corporate expenses increased by $51.1 million (19.3%) and $161.1 million (23.6%) for the three and nine months ended September 30, 2025, primarily due to higher acquisition and transformation costs[141] Cash Flow and Capital Management - Cash and cash equivalents totaled $2,785.3 million as of September 30, 2025, with $1,304.1 million available for general purposes[160] - Operating activities provided net cash of $2,141.4 million for the nine months ended September 30, 2025, reflecting net income adjusted for noncash items[162] - Net cash from investing activities was $79.6 million for the nine months ended September 30, 2025, compared to a cash outflow of $846.6 million for the same period in 2024[163] - Cash used for acquisitions was $201.9 million in 2025, down from $373.8 million in 2024, while capital expenditures were $449.6 million in 2025 compared to $490.9 million in 2024[163] - The company anticipates capital expenditures to be approximately $700 million for the year ending December 31, 2025[163] Financing Activities - Net cash used in financing activities was $2,126.0 million for the nine months ended September 30, 2025, significantly higher than $446.0 million in 2024[164] - Proceeds from long-term debt were $4,899.1 million in 2025, down from $7,637.9 million in 2024, while repayments were $5,972.8 million in 2025 compared to $5,803.0 million in 2024[165] - The company repurchased 13,171,490 shares of common stock for $1,191.1 million during the nine months ended September 30, 2025, at an average price of $84.61 per share[168] - Dividends paid to common shareholders were $179.5 million in 2025, a decrease from $190.5 million in 2024[169] Strategic Initiatives and Acquisitions - The company expects transformation initiatives to generate over $650 million of annual run-rate operating income benefit by the first half of 2027[120] - The company completed the sale of Heartland Payroll Solutions for approximately $1.1 billion, recognizing a gain of $343.9 million during the three months ended September 30, 2025[117] - The proposed acquisition of Worldpay involves approximately $6.1 billion in cash and 43.3 million shares of common stock, with a simultaneous divestiture of the Issuer Solutions business for approximately $7.5 billion in cash[117] - The company plans to complete the acquisition of Worldpay and divest its Issuer Solutions business, with expectations of future financial and operational benefits[187] - The company’s future performance and strategic initiatives are contingent on successful integration of acquisitions and operational initiatives[187] Risk Factors and Forward-Looking Statements - The company acknowledges that actual revenues and growth rates may differ materially from forward-looking statements due to various risks and uncertainties[188] - The company emphasizes the importance of reviewing risk factors discussed in its Annual Report on Form 10-K for the year ended December 31, 2024[188] - Forward-looking statements are subject to significant risks and uncertainties, and the company disclaims any obligation to publicly update these statements[189] - The company cautions against placing undue reliance on forward-looking statements, which are only valid as of their date[189] - The company’s market risk exposure is discussed in its Annual Report on Form 10-K for the year ended December 31, 2024[190]

Exhibit 99.1 Global Payments Reports Third Quarter 2025 Results November 4, 2025 ATLANTA -- Global Payments Inc. (NYSE: GPN) today announced results for the third quarter ended September 30, 2025. "We are pleased to deliver third quarter results that accelerated sequentially across our key financial metrics as we advance our transformation program," said Cameron Bready, chief executive officer. "Our team continues to execute at a high level, positioning us well to deliver on our overall expectations for the ...

Core Insights - Global Payments is consolidating its point-of-sale hardware and related offerings under the Genius brand, with a strategic shift initiated last year and marketing rollout beginning in Q2 of this year [3][4] - The company reported a 5.3% increase in adjusted net income to nearly $783 million and a 3% rise in adjusted net revenue to $2.43 billion in its third-quarter report [5] - The expansion of the Genius brand is planned for several countries, including Germany by the end of this year, and further into Ireland, Spain, the Czech Republic, Romania, Poland, and Australia in the following years [4] Financial Performance - Third-quarter revenue for Global Payments increased by 0.5% to $2 billion, despite the ongoing acquisition of Worldpay, a $24.25 billion deal expected to be completed in Q1 of next year [7] - The company's CEO indicated that the future expansion of Genius will be influenced by the macroeconomic environment, which has been affected by factors such as the U.S. tariff war, rising inflation, and stock market volatility [6][7] Strategic Focus - The Genius brand is a significant focus for Global Payments in driving growth, with expectations for incremental market expansion opportunities in 2026 [7] - The approval from the U.K.'s Competition and Markets Authority for the acquisition was described as a critical regulatory milestone by the CEO [5]

Key Takeaways Global Payments is set to report Q3 2025 results on Nov. 4, before market open.Earnings are expected to rise 4.9% year over year on 2.1% revenue growth.Increased costs may weigh on GPN's Q3 profit expansion.Global Payments Inc. (GPN) is set to report third-quarter 2025 results on Nov. 4, 2025, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $3.23 per share on revenues of $2.41 billion. The third-quarter earnings estimate re ...

Core Insights - Checkout.com has formed a strategic partnership with Uber Technologies, Inc to provide acquiring and gateway services for Uber's ridesharing and on-demand delivery platforms across various markets [1][2] Group 1: Partnership Details - Uber selected Checkout.com for its combination of international coverage and domestic expertise in key markets, which aligns with Uber's scale and supports its expansion in the digital economy [2] - The partnership aims to leverage Checkout.com's global acquiring network and advanced payment technologies to enhance transaction speed, security, and reliability [4] Group 2: Technology and Infrastructure - Checkout.com will implement its AI solution, Intelligent Acceptance, which uses real-time data to intelligently route transactions, reduce failures, and improve overall performance [5] - The partnership is seen as a significant milestone for Checkout.com, demonstrating progress in capturing the global enterprise payments market [5] Group 3: Strategic Goals - Uber's VP of Global Commerce emphasized the importance of reliable partners to enhance the payment experience for riders and eaters as the company expands operations [3][4] - Checkout.com is committed to delivering digital payment performance that supports Uber's ambitions in digital mobility [6]

Group 1 - Global Payments is currently in the final leg of its Phase 16, with a negative outlook as it approaches Phase 17, which is considered a no-trade zone [1][9] - The stock entered Phase 4 in 2017 and traded within a Cakra structure until Phase 8, but failed to break out positively in Phase 9, leading to a bearish phase known as the Move of Pralaya [2][3] - The stock has experienced a decline of over 50% by the time it reached Phase 13, transitioning into its Guna Triads (Phases 14, 15, and 16) without showing signs of bullish momentum [5][9] Group 2 - For a Nirvana move to occur in Phase 18, the Guna Triads must exhibit Satoguna, which has been absent in Global Payments' case, ruling out any possibility of a Nirvana move [6][9] - The stock's underperformance is expected to continue until at least November 2027, with any short-term rallies likely to be temporary [9][10] - The fundamental outlook for Global Payments shifted negatively after breaking its Cakra in Phase 9, reinforcing a bearish bias due to the lack of meaningful strength during its triads [10]

Financial Services Sector - Financial Services sector shows strong buy ratings for Mastercard (MA), Visa (V), Global Payments (GPN), Fidelity National Information Services (FIS), and Truist Financial (TFC) in recent days [1] - Average target price upside across these companies suggests continued positive momentum in the Financial Services sector [1] Utilities Sector - Utilities sector also demonstrates strength with upgrades for Alliant Energy (LNT), PPL Corporation (PPL), and Entergy (ETR) on October 24 and October 22 [1] - The upgrades indicate a favorable outlook for these utility companies [1] Payroll Services and Insurance - Payroll services sector experiences a notable strong sell for Paychex (PAYX), indicating caution in this area [1] - Insurance giant W.R. Berkley (WRB) also received a strong sell rating, further signaling caution in the insurance sector [1]

Core Viewpoint - Wells Fargo and other firms have initiated coverage on various companies in the payments and technology sectors, highlighting both challenges and opportunities within these industries [1] Group 1: Payments Sector - Wells Fargo initiated coverage of PayPal (PYPL) with an Equal Weight rating and a price target of $74, noting the sector's struggles due to a shift towards AI-centric stocks and execution issues among companies [1] - Coverage was also initiated for Shift4 (FOUR) and Fiserv (FI) with Equal Weight ratings, indicating a cautious outlook on these companies [1] - Block (XYZ) received an Overweight rating and a price target of $91, with Wells Fargo identifying attractive opportunities despite the sector being challenging for investors [1] - Other companies in the payments sector, including Global Payments (GPN), FIS (FIS), Visa (V), MasterCard (MA), Affirm (AFRM), and Circle Internet (CRCL), were also given Overweight ratings [1] Group 2: Advertising and E-commerce - Deutsche Bank initiated coverage of AppLovin (APP) with a Buy rating and a price target of $705, emphasizing its strong advertising technology and expansion into e-commerce advertising, which is significantly larger than mobile game in-app advertising [1] Group 3: Renewable Energy - Needham initiated coverage of First Solar (FSLR) with a Buy rating and a price target of $286, viewing it as a leading option for investing in U.S. utility-scale solar due to favorable policies [1] Group 4: Technology and Infrastructure - Piper Sandler initiated coverage of Dell Technologies (DELL) with an Overweight rating and a price target of $172, predicting it will benefit from a strong enterprise data center refresh in 2026 and AI infrastructure developments [1] - HP Enterprise (HPE) was also covered by Piper Sandler but received a Neutral rating, indicating a less favorable outlook compared to Dell [1]

Core Insights - The United Kingdom's Competition and Markets Authority (CMA) has approved Global Payments' acquisition of Worldpay, with the full decision text to be published soon [2][3] - Global Payments is acquiring Worldpay for a net price of $22.7 billion while simultaneously selling its Issuer Solutions business to FIS for $13.5 billion [3] - FIS will divest its remaining stake in Worldpay to Global Payments for $6.6 billion, allowing Global Payments to exit the issuer processing field and focus on merchant solutions [3][4] Company Strategy - Global Payments' CEO described the agreements as transformative, enhancing the company's focus on merchant solutions and expanding its offerings in point-of-sale systems and integrated payments [4] - The recent acquisitions are reminiscent of the megamergers of 2019, indicating a trend of significant consolidation in the payments industry [5] Regulatory Context - The CMA is also investigating FIS's planned acquisition of Global Payments' Issuer Solutions business, which was initially rejected due to incomplete information [5][6] - FIS has stated that despite the need to refile information with the CMA, its acquisition plans remain on track [6]

Core Insights - The United Kingdom's Competition and Markets Authority (CMA) has approved Global Payments' acquisition of Worldpay, with the full decision text to be published soon [2][3] - Global Payments is acquiring Worldpay for a net price of $22.7 billion while simultaneously selling its Issuer Solutions business to FIS for $13.5 billion [3] - FIS will divest its remaining stake in Worldpay to Global Payments for $6.6 billion, allowing Global Payments to exit the issuer processing field and focus on merchant solutions [3][4] Company Strategy - Global Payments' CEO described the agreements as transformative, enhancing the company's focus on merchant solutions and expanding its offerings in point-of-sale systems and integrated payments [4] - The recent acquisitions are reminiscent of the megamergers of 2019, indicating a trend of significant consolidation in the payments industry [5] Regulatory Context - The CMA is also investigating FIS's planned acquisition of Global Payments' Issuer Solutions business, which was initially rejected due to incomplete information [5][6] - FIS has stated that despite the need to refile information with the CMA, its acquisition plans remain on track [6]