EarningsQ2 2026 Earnings Report

Global Payments (GPN) Q2 2026 Earnings Report

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Previous Report: Q1 2026

MX:GPN Q2 2026 EPS Results

Actual EPS$62.64

Consensus EPS$62.53

Beat/MissBeat by +$0.11

One Year Ago EPS$56.23

MX:GPN Q2 2026 Revenue Results

Actual Revenue$60.31B

Expected Revenue$57.46B

Beat/MissBeat by +$2.85B

YoY Revenue Growth+69.71%

Earnings Announcement Details

QuarterQ2 2026

Date08/05/2026

TimeBefore Open

Conference CallWednesday, August 5, 2026

MX:GPN Upcoming Earnings

Global Payments's next earnings date is estimated for November 3, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

MX:GPN Q2 2026 Earnings Call

0:00 / 0:00

Q2 2026 Earnings Slide Deck

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Aug 05, 2026|

% Change Since:

Earnings Call Sentiment|Positive

Overall the call was constructive: the company reported modest top-line growth (adjusted net revenue +4% normalized), margin expansion (+70 bps), strong EPS growth (+12%), meaningful product and integration progress (Genius adoption, Platforms BaaS +25%, completion of integration design), and disciplined capital returns (>$550M repurchased this quarter). Key negatives were a persistent ~100 bps travel revenue headwind from the Middle East conflict (pushing down full-year revenue guidance to 4%–5%), continued noncore revenue drag from dispositions, front-loaded integration/separation costs, and regional softness (U.K.). On balance, the positive operating execution, cash generation trajectory and clear roadmap for synergies and product-led growth outweigh the transitory headwinds.

Company Guidance

Global Payments updated 2026 guidance assuming the Middle East travel headwind persists through year‑end: normalized constant‑currency adjusted net revenue growth of approximately 4%–5%; normalized adjusted operating margin expansion of ~150 basis points for the full year (with ~200 bps of margin expansion and H2 margins around ~43% expected in the second half); adjusted EPS of $13.60–$13.80 (11%–13% growth); and second‑half revenue growth of ~4.5%. They expect adjusted free cash‑flow conversion (adjusted net income to adjusted FCF) to exceed 90% for 2026, plan to return more than $2.0 billion to shareholders this year (having repurchased ~8M shares and $550M via ASR in Q2), invest ~ $1.0 billion (~8% of adjusted net revenue) in the business, and target ~3.0x net leverage by end of 2027 (ended Q2 just below 3.5x; >90% of debt fixed at ~4%); FX is now expected to have roughly no impact on reported growth for the year.

Revenue and EPS Growth

Adjusted net revenue of $3.16B in Q2, representing normalized growth of 4% (ex dispositions). Adjusted EPS was $3.46, an increase of 12% year-over-year.

Margin Expansion

Adjusted operating margin expanded 70 basis points in the quarter on a normalized basis. Company expects full-year normalized adjusted operating margin expansion of ~150 basis points.

Strong Free Cash Flow and Capital Return

Adjusted free cash flow of $687M in Q2 with a conversion rate of ~75% for the quarter and an expectation to exceed 90% conversion for full-year 2026. Returned ~$550M in share repurchases during the quarter (8M shares) and combined with dividends is more than halfway to the >$2B 2026 capital return commitment.

Integration Milestones Achieved

Completed operating model design and leadership structure, defined target technology architecture for consolidation, and aligned commercial organization into three operating segments (SMB, Enterprise, Platforms), improving accountability and execution capabilities.

Genius Product Momentum and Adoption

Genius new merchant locations per quota-carrying sales professional up 30% since the start of the year; new Genius locations grew >50% year-over-year and nearly 25% sequentially. Second-quarter Genius bookings increased >25% sequentially; new customer yields up 75% year-over-year. Marketing drove ~60% uplift in Genius and Google-branded search.

Platforms and Embedded Payments Strength

Platforms adjusted net revenue $628M, normalized growth of 7% with platform segment volume up 10%. Platforms BaaS revenue grew 25% in Q2, driven by fraud, payouts, prime routing and merchant working capital.

Enterprise Bookings and Client Wins

Enterprise bookings up 10% year-to-date with notable new wins (Shangri-La Hotels, IG Group, BingX) and expansions (Domino's exclusive U.S. provider). Enterprise adjusted net revenue $838M, normalized growth of 7% despite a ~400 basis point conflict-related headwind.

AI-Driven Payment Performance Improvements

AI-powered revenue boost solution (previously generating $2B in annual approval uplift) now delivering an additional ~50 basis points of approval rate improvement. Patent-pending authentication optimization and Agentic commerce pilots underway with major retailers and AI platforms.

Balance Sheet and Leverage Management

Ended the quarter just below 3.5x net leverage, with >90% of debt at fixed rates and a weighted average cost of ~4%. Company reiterates target of 3x net leverage by end of 2027 and commitment to preserve investment-grade ratings.

MX:GPN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Nov 03, 2026	2026 (Q3)	65.07 / -	59.206	―
Aug 05, 2026	2026 (Q2)	62.53 / 62.64	56.228	11.40% (+6.41)
May 06, 2026	2026 (Q1)	50.49 / 53.76	48.854	10.04% (+4.90)
Feb 18, 2026	2025 (Q4)	57.39 / 57.75	53.576	7.80% (+4.18)
Nov 04, 2025	2025 (Q3)	58.70 / 59.21	55.937	5.84% (+3.27)
Aug 06, 2025	2025 (Q2)	55.32 / 56.23	53.213	5.67% (+3.01)
May 06, 2025	2025 (Q1)	48.78 / 48.85	47.038	3.86% (+1.82)
Feb 13, 2025	2024 (Q4)	53.76 / 53.58	48.128	11.32% (+5.45)
Oct 30, 2024	2024 (Q3)	56.15 / 55.94	49.944	12.00% (+5.99)
Aug 07, 2024	2024 (Q2)	52.85 / 53.21	47.583	11.83% (+5.63)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed