GPN · 10-Q · 2026Q2 · Full report

Settlement Lines of Credit

GLOBAL PAYMENTS INC · 2026-08-05 · Importance 56 · Surprise 24 · Matches filing data

Global Payments uses specialized, variable-rate lines of credit in various markets to fund settlement obligations, with borrowings denominated in local currencies and sometimes available in multiple currencies. As of June 30, 2026, the company had $1,136.8 million outstanding and $2,707.7 million of additional settlement funding capacity; $29.6 million of cash on deposit increased available credit for certain facilities. During the three months ended June 30, 2026, maximum and average outstanding balances were $1,208.0 million and $451.1 million, respectively, with a weighted-average borrowing rate of 4.79%.

Key facts

• During the six months ended June 30, 2026 and 2025, changes in settlement processing assets and obligations, net were a use of cash of $694.2 million and a source of cash of $630.2 million, respectively. source
• As of June 30, 2026, we had $1,136.8 million outstanding under these lines of credit with additional capacity to fund settlement of $2,707.7 million. source
• During the six months ended June 30, 2026 and 2025, we had borrowings under our commercial paper program of $674.4 million and $797.7 million, respectively. source
• Activity under our settlement lines of credit: net borrowings of $827.5 million and $87.6 million for the six months ended June 30, 2026 and 2025, respectively. source
• During the three months ended June 30, 2026, the maximum and average outstanding balances under these lines of credit were $1,208.0 million and $451.1 million, respectively. source
• For certain of our lines of credit, the available credit is increased by the amount of cash we have on deposit in specific accounts with the lender, and the amount of the outstanding lines of credit may exceed the stated credit limit. source
• As of June 30, 2026, a total of $29.6 million of cash on deposit was used to determine the available credit. source
• The weighted-average interest rate on these borrowings was 4.79% at June 30, 2026. source

Impact estimates