Global Payments (GPN) Q3 2026 earnings summary

Executive summary

• Q3 adjusted net revenue was $3.182B, up more than 4% on a normalized basis; adjusted operating margin expanded 220 bps to 42.5% and adjusted diluted EPS rose 9.8% to $3.58.

• GAAP revenue reached $3.306B, primarily reflecting Worldpay, while operating income fell to $246.2M amid acquired-intangible amortization and acquisition and integration costs.

• Worldpay integration progressed ahead of plan; the year-end 2028 annualized expense synergy target increased to $650M.

• Strategic priorities include modular commerce solutions, differentiated products, client experience and leveraging global scale across SMB, Enterprise and Platforms.

Financial highlights

• Q3 adjusted net revenue was $3.182B, up 31.0% reported; adjusted operating income rose 23.8% to $1.353B and adjusted net income rose 21.2% to $948.9M.

• Adjusted diluted EPS was $3.58, up 9.8%; GAAP net income attributable to shareholders was $280.9M and diluted EPS was $1.06.

• Adjusted free cash flow was $870M, with 92% conversion from adjusted net income attributable to shareholders; capex was $232M.

• Nine-month adjusted net revenue was $9.197B and adjusted diluted EPS was $10.00; GAAP net loss attributable to shareholders was $1.506B.

Outlook and guidance

• FY26 guidance reaffirmed: normalized constant-currency adjusted net revenue growth of 4%–5%, adjusted operating margin expansion of ~150 bps and adjusted EPS of $13.60–$13.80.

• FY26 adjusted free-cash-flow conversion is expected at ~90%; capital investment is ~ $1B and shareholder returns are expected to exceed $2B.

• Guidance assumes stable macro conditions and resilient consumer spending; Middle East travel headwinds are expected to persist through year-end and anniversary in Q1 2027.

• FY26 assumptions include ~$880M adjusted net interest and other expense, a ~15% adjusted effective tax rate, ~$70M equity-method investment income and ~$90M attributable to noncontrolling interests.

• Formal 2027 guidance is pending; management expects continued integration margin tailwinds and net leverage of 3x by end-2027.