GPN · Earnings call · 2026Q2T · Full report
Guidance and Outlook
GLOBAL PAYMENTS INC · 2026-08-05 · Importance 67 · Surprise 76 · No source text
Full-year 2026 normalized constant-currency adjusted net revenue growth is now expected at approximately 4% to 5%, reflecting the assumption that Middle East conflict effects on the travel portfolio continue through the rest of 2026. Adjusted EPS guidance is $13.60 to $13.80, representing 11% to 13% growth, while foreign exchange is now expected to have roughly no impact on reported growth. Management maintained expectations for approximately 150 basis points of full-year adjusted operating-margin expansion and more than 90% adjusted free-cash-flow conversion. Second-half revenue growth is expected near 4.5%, with Q4 potentially slightly better than Q3 but not materially different.
Key facts
- Updated full-year 2026 normalized constant currency adjusted net revenue growth guidance to approximately 4% to 5%
- Expect second half revenue growth of approximately 4.5% and 200 basis points of margin expansion with margins around 43%
- Anticipate adjusted earnings per share for full year 2026 of $13.60 to $13.80, representing 11% to 13% growth
- Expect normalized adjusted operating margin expansion of approximately 150 basis points for full year 2026
- Expect 2027 to be an accelerating growth year once Middle East headwinds are lapped (into Q2 2027) and revenue synergies and Genius ramp
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +3.8% | Updated full-year 2026 normalized constant currency adjusted net revenue growth guidance to approximately 4% to 5% |
| margin | positive | committed | +1.7% | Expect second half revenue growth of approximately 4.5% and 200 basis points of margin expansion with margins around 43% |
| margin | positive | committed | +1.3% | Expect normalized adjusted operating margin expansion of approximately 150 basis points for full year 2026 |
| net_income | positive | committed | — | Anticipate adjusted earnings per share for full year 2026 of $13.60 to $13.80, representing 11% to 13% growth |
| revenue | positive | probable | — | Expect 2027 to be an accelerating growth year once Middle East headwinds are lapped (into Q2 2027) and revenue synergies and Genius ramp |