A payments technology company that processes card transactions and provides point-of-sale software and commerce tools for merchants, with brands including Genius and Worldpay. It grew out of National Data Corporation, founded in Atlanta in 1967 to automate credit-card authorization, and spun off as an independent firm in 2001 before merging with TSYS in 2019. That Atlanta legacy helped earn the region the nickname "Transaction Alley."
Worldpay integration costs and intangible amortization drove Q2 operating income down 14.3% despite revenue rising 68.6% to $3.32B.
The acquisition reshaped Global Payments' income statement this quarter. rose 68.6% to $3.32 billion, but fell 14.3% to $337 million as reached $758 million and integration costs mounted, pushing down to 10.2% from 20.0% a year ago. The company is now a pure-play merchant acquirer carrying $22.5 billion in , with its profitability dependent on realizing $600 million in targeted Worldpay synergies by 2028.
Key takeaways
rose 68.6% to $3.32 billion, driven by the acquisition which contributed approximately $1.4 billion of the increase.
fell 14.3% to $337 million as rose to $758 million, or 59% of cost of service, up from $201 million a year ago.
contracted to 10.2% from 20.0% a year ago, weighed down by acquisition and integration expenses tied to the deal.
Section summaries
Management's Discussion and Analysis
Worldpay acquisition drove 69% revenue growth in Q2 2026 but higher amortization and integration costs cut operating margin to 10.2%.
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Consolidated Q2 2026 rose 68.6% to $3.32B, primarily from the acquisition which contributed ~$1.4B in growth.
The Enterprise and Platforms , which includes , grew , while the SMB segment's operating income fell 6.1% due to higher expense.
for the first half of 2026 was $374 million, down from $1.37 billion a year earlier, reflecting payments for acquisition and divestiture costs.
The company maintained its target of over $650 million in annual benefit from transformation initiatives by the first half of 2027, and raised the integration synergy target to $600 million in annual run-rate expense savings by year-end 2028.
What changed
The acquisition and Issuer Solutions divestiture, flagged in Q1 FY2025 and closed in Q1 FY2026, are now fully reflected in the consolidated results, with Worldpay contributing ~$1.4B in and rising to $758 million.
Merchant Solutions organic growth, watched for a reversal of the flat-to-declining trend in point-of-sale and core payments, is now reported under the new Enterprise and Platforms and SMB segments, making a direct comparison unavailable this quarter.
The transformation benefit target remained at over $650 million by H1 2027, unchanged from the raised target in Q2 FY2025, while the new synergy target of $600 million by year-end 2028 was introduced.
are now expected to be approximately $1.0 billion for the full year, up from the approximately $700 million guided for FY2025, reflecting the combined company's larger scale.
What to watch
Q3 FY2026 trajectory as the first full quarter of combined operations passes and integration costs continue, against the 10.2% Q2 result.
in Q3, which annualizes to nearly $3 billion based on the Q2 run rate and will remain a persistent drag on reported profitability.
Realization of the $600 million synergy target by year-end 2028, with initial progress likely visible in the SMB 's after the 6.1% Q2 decline.
Full-year against the approximately $1.0 billion guide, with at $374 million for the first half of the year.
Consolidated fell 14.3% to $337M and declined to 10.2% from 20.0%, driven by higher of acquired intangibles and integration expenses.
Enterprise and Platforms grew on contributions, but SMB segment income fell 6.1% due to higher expense.
Cost of service surged 157.9% to $1.29B, with of acquired intangibles reaching $758M or 59% of the total, up from $201M last year.
The company expects transformation initiatives to generate over $650M in annual benefit by H1 2027 and integration to yield $600M in annual by year-end 2028.
was $374M for H1 2026, down from $1.37B, reflecting payments for acquisition and divestiture costs; are expected to be ~$1.0B for the full year.
Quantitative and Qualitative Disclosures About Market Risk
For a discussion of our exposure to market risk, refer to Part II, Item 7A, "Quantitative and Qualitative Disclosures About Market Risk," contained in our Annual Report on Form 10-K for the year ended December 31, 2025.
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For a discussion of our exposure to market risk, refer to Part II, Item 7A, "Quantitative and Qualitative Disclosures About Market Risk," contained in our Annual Report on Form 10-K for the year ended December 31, 2025.
We are party to a number of claims and lawsuits incidental to our business. In our opinion, the liabilities, if any, that may ultimately result from the outcome of such matters, individually or in the aggregate, are not expected to have a material adverse effect on our financial…
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We are party to a number of claims and lawsuits incidental to our business. In our opinion, the liabilities, if any, that may ultimately result from the outcome of such matters, individually or in the aggregate, are not expected to have a material adverse effect on our financial position, liquidity, results of operations or cash flows. See "Note 16—Commitments and Contingencies" in the notes to the accompanying unaudited consolidated financial statements for information about certain legal matters.
For a discussion of our risk factors, see Part I, Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025. 53 Table of Contents
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For a discussion of our risk factors, see Part I, Item 1A. "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2025.
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