Global Payments Posts 69% Revenue Growth After Worldpay Deal
Adjusted net revenue reached $3.159 billion, though normalized growth was about 4%.
Global Payments Inc. (GPN), the payments technology company, reported a 68.6% increase in second-quarter revenue to $3.321 billion as the Worldpay acquisition reshaped the business.
The quarter was the first to include Worldpay for the full period following the divestiture of Issuer Solutions, completing Global Payments’ shift to a pure-play commerce-solutions provider. The combined business served more than 6 million merchant locations and processed $3.7 trillion in annual payment volume across three newly reported channels: Enterprise, SMB, and Integrated & Platforms.
Adjusted diluted earnings rose 11.7% to $3.46 a share from $3.10 a year earlier. GAAP diluted earnings fell 94.9% to $0.05 a share, and GAAP operating income declined 14.3% despite the revenue increase as service and administrative costs climbed. On a normalized basis, adjusted operating margin expanded 70 basis points to 42.0%.
Enterprise led the post-transaction growth, with non-GAAP revenue rising more than fivefold to $838.1 million and operating income increasing to $652.8 million. Platforms revenue nearly tripled to $627.5 million, though its 112.2% operating-income growth trailed the segment’s 183.8% revenue increase.
SMB remained the largest channel and recorded the slowest growth. Non-GAAP revenue increased 18.5% to $1.513 billion, and operating income rose 7.4% to $891.2 million. GAAP operating income for the segment fell 6.1%.
Global Payments updated its 2026 outlook after the Middle East conflict affected its travel portfolio. The company expects normalized constant-currency adjusted net-revenue growth of about 4% to 5% and adjusted earnings of $13.60 to $13.80 a share. It continues to expect roughly 150 basis points of normalized adjusted operating-margin expansion.
The company returned $1.2 billion to shareholders during the first half, including about $1.10 billion through repurchases, putting it past the halfway point of its plan to return more than $2 billion this year. That pace came as first-half operating cash flow fell to $373.8 million and capital expenditures increased to $497.0 million.