Global Payments Inc

Company facts

Industry

Services-Business Services, NEC

Headquarters

Atlanta, Georgia

Most recent report

10-Q, filed Nov 5, 2026

Incorporated

Georgia

Filings on record

1,005+ filings

On EDGAR

CIK 1123360

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 2 of 13 sections worth reading, with 0 positive, 9 notable, and 5 negative flags.

• Financial Statements (Item 1)

  Worldpay acquisition and Issuer Solutions divestiture fundamentally change the balance sheet and results.
  Notable

  • Issuer Solutions discontinued ops: $1.5B tax expense on sale, primarily from non-deductible goodwill.
  • Enterprise reporting unit's fair value approximated carrying amount after Worldpay acquisition.
  • CVR liability of $362M to former Worldpay owners for Visa preferred shares proceeds due in 2027.
  Negative

  • Total debt rose to $22.5B from $21.5B; interest expense nearly doubled to $266M in Q3 2026.

• Management's Discussion (Item 2)

  Worldpay acquisition transforms results; operating income and margin collapsed despite revenue surge.
  Notable

  • Revenue jumped 64% to $3.3B in Q3 2026, almost entirely from Worldpay, which contributed ~$1.4B of the growth.
  • Company expects $650M annual run-rate operating income benefit from transformation by H1 2027 and $650M Worldpay synergies by end of 2028.
  • Amortization of acquired intangibles was $754M in Q3 2026, 58% of cost of service, up from $209M a year ago.
  • Diluted EPS from continuing operations was $0.30 in Q3 2026, down from $1.85, and a loss of $(0.07) YTD.
  • Share repurchases totaled $1.24B in nine months 2026, with $1.26B remaining authorized as of September 30, 2026.
  • Net debt increased significantly: $15.6B senior notes, $2B convertible, $1B term loan, $1.5B revolver, $700M commercial paper outstanding.
  Negative

  • Operating margin fell from 38.3% to 7.4% in Q3 2026, a 30.9 percentage point drop, driven by Worldpay amortization and integration costs.
  • SMB segment operating income fell 3.5% in Q3 2026 and 5.0% YTD, despite 21-23% revenue growth, due to Worldpay amortization.
  • Interest expense surged to $276M in Q3 2026 from $144M a year ago, up 92%, from debt to fund Worldpay and higher rates.
  • Operating cash flow plunged to $212.9M for nine months 2026 from $2,141.4M a year ago, a 90% drop.

What changed: Sep 2026 vs. Jun 2026

About 3% of GPN's Sep 2026 10-Q is new information. 11 paragraphs were added, 189 changed, and 8 removed. Below are the most important lines SECSift identified.

• Item 1 83
• Item 2 74
• Item 4 2
• Item 6 2
• Item 5 1