Global Payments Q2 2026: adjusted EPS $3.46, GAAP EPS $0.05
Global Payments' second quarter of 2026 looks ugly at the GAAP line and merely okay underneath: reported EPS of $0.05 against adjusted EPS of $3.46, on revenue of $3.32 billion swollen by Worldpay. The gap is the story — $995.06 million of earnings adjustments, most of it intangible amortization from the acquisition. Read the adjusted numbers for the business, and the GAAP numbers for what shareholders actually keep.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.05, down 94.9% from $0.99, while adjusted EPS of $3.46 rose 11.7% and landed roughly $0.02 below the $3.48 consensus. The $995.06 million of earnings adjustments explain the gap, and $757.6 million of that is simply amortization of acquired intangibles, plus $157.4 million of acquisition, integration and separation costs. Amortization is a real consequence of buying Worldpay; whether you count it is the whole debate.
GAAP revenue rose 68.6% to $3.32 billion, but almost all of that is Worldpay arriving rather than the existing business growing. Adjusted net revenue of $3.16 billion was up 33.8%, and the company's own normalized measure — which treats Worldpay as if it had always been owned — grew about 4%. Gross margin fell to 61.0% from 74.5% a year ago because the acquired business brings lower-margin, grossed-up revenue with it.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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