Global Payments (GPN) official guidance

We continue to target capital expenditures of approximately $1 billion or 8% of adjusted net revenue for the full year 2026.

We also expect our capital expenditures to be approximately $1 billion in 2026, representing approximately 8% of adjusted net revenue, which is consistent with our prior outlook.

We continue to target capital expenditures of approximately $1 billion or 8% of adjusted net revenue for the full year 2026.

We also expect our capital expenditures to be approximately $1 billion in 2026, representing approximately 8% of adjusted net revenue, which is consistent with our prior outlook.

Whipple continued, “Given the ongoing conflict in the Middle East and its impact on our travel portfolio, we now expect normalized1, constant currency adjusted net revenue growth of approximately 4% – 5% and adjusted earnings per share of $13.60 – $13.80 for the full year. We continue to expect normalized1 adjusted operating margin expansion of approximately 150 basis points for the full year and to return more than $2 billion of capital to shareholders in 2026.”

We continue to expect to return more than $2 billion to shareholders in 2026 through repurchases and dividends.

The company expects to return over $2 billion to shareholders through repurchases and dividends in 2026, including the $500 million accelerated share repurchase plan announced today.

we expect to return more than $2 billion of our capital to our shareholders this year through share repurchases and dividends, which includes the $550 million Accelerated Share Repurchase plan Cameron mentioned earlier.

The company expects to return over $2 billion to shareholders through repurchases and dividends in 2026, including the $550 million accelerated share repurchase plan announced today.

You know, we're well, you know, on our path to go ahead and return approximately $7.5 billion, you know, to shareholders by the end of 2027.

This will include our current steady dividend and significant share buybacks, targeting $7.5 billion over the 2025-2027 time period.

I would say our philosophy remains very consistent. As you highlighted over the course of the 2025 to 2027 timeframe, we expect to return close to $9 billion.

Whipple continued, “Given the ongoing conflict in the Middle East and its impact on our travel portfolio, we now expect normalized1, constant currency adjusted net revenue growth of approximately 4% – 5% and adjusted earnings per share of $13.60 – $13.80 for the full year. We continue to expect normalized1 adjusted operating margin expansion of approximately 150 basis points for the full year and to return more than $2 billion of capital to shareholders in 2026.”

Putting it all together, we continue to expect adjusted earnings per share in the range of $13.80-$14 for the full year 2026.

Whipple continued, “For the full year 2026, we continue to expect normalized1, constant currency adjusted net revenue growth of approximately 5% and adjusted earnings per share of $13.80 to $14.00. We continue to expect normalized1 adjusted operating margin expansion of approximately 150 basis points for the full year 2026.”

Putting it all together, we expect adjusted earnings per share of $13.80-$14 in 2026, which represents growth of approximately 13%-15% over Global Payments' 2025 earnings per share of $12.22.

Adjusted earnings per share of $13.80 to $14.00, or growth of 13% to 15%.

Regarding cash flow, we continue to expect the conversion rate of adjusted net income to adjusted free cash flow to exceed 90% for the full year 2026.

We anticipate a conversion rate of adjusted net income to adjusted free cash flow of greater than 90% in 2026.

Furthermore, we remain committed to preserving our investment-grade credit ratings and achieving our 3x net leverage target by the end of 2027.

Whipple continued, “Given the ongoing conflict in the Middle East and its impact on our travel portfolio, we now expect normalized1, constant currency adjusted net revenue growth of approximately 4% – 5% and adjusted earnings per share of $13.60 – $13.80 for the full year. We continue to expect normalized1 adjusted operating margin expansion of approximately 150 basis points for the full year and to return more than $2 billion of capital to shareholders in 2026.”

We continue to expect our normalized adjusted operating margin to expand by approximately 150 basis points for the full year 2026, driven by additional operating efficiencies from our transformation and realized cost savings from the Worldpay integration, particularly in the second half of the year.

Whipple continued, “For the full year 2026, we continue to expect normalized1, constant currency adjusted net revenue growth of approximately 5% and adjusted earnings per share of $13.80 to $14.00. We continue to expect normalized1 adjusted operating margin expansion of approximately 150 basis points for the full year 2026.”

We expect adjusted operating margin expansion of approximately 150 basis points for the full-year 2026, which includes realized cost synergies in 2026, as we begin executing on our integration initiatives.

Adjusted operating margin expansion of approximately 150 basis points.2

| CC adjusted net revenue excluding dispositions | 4% | to | 5% |

For the full year, we continue to expect normalized constant currency adjusted net revenue growth of approximately 5%.

Whipple continued, “For the full year 2026, we continue to expect normalized1, constant currency adjusted net revenue growth of approximately 5% and adjusted earnings per share of $13.80 to $14.00. We continue to expect normalized1 adjusted operating margin expansion of approximately 150 basis points for the full year 2026.”

For 2026, we expect Constant Currency Adjusted Net Revenue growth of approximately 5%, excluding dispositions.

| CC adjusted net revenue excluding dispositions | | 5% | |

| GAAP diluted EPS | (68)% | to | (70)% |

| GAAP diluted EPS | (30)% | to | (32)% |

| CC adjusted EPS | 13% | to | 15% |

| GAAP revenues | | ~73% | |

| Constant currency (CC) adj net revenue | | 3.5% | |

we expect to exit the year with constant currency-adjusted net revenue growth above 5%.