AcquisitionsMay 8, 2026, 04:39 PM
Global Payments Q1 Net Loss $(1.8)B; Completes Worldpay Acquisition
AI Summary
Global Payments reported a net loss of $(1.8) billion for Q1 2026, primarily due to a $1.6 billion tax expense from the divestiture of its Issuer Solutions business. This divestment occurred simultaneously with the acquisition of Worldpay for approximately $16.98 billion. The Worldpay acquisition and Issuer Solutions divestment are intended to simplify the business model and position the company as a leading pure-play commerce solutions provider.
Key Highlights
- Acquired Worldpay for $16.98 billion, including $6.04 billion cash and 42.8 million shares.
- Divested Issuer Solutions business, receiving $7.52 billion cash and FIS's Worldpay interest.
- Q1 2026 net loss attributable to Global Payments was $(1.80) billion, compared to $305.7 million net income in Q1 2025.
- Total basic earnings per share was $(6.59) for Q1 2026, down from $1.24 in Q1 2025.
- Revenue increased to $2.97 billion in Q1 2026 from $1.82 billion in Q1 2025.
- Operating loss was $(15.6) million in Q1 2026, compared to $372.0 million operating income in Q1 2025.
- Americas revenue was $2.16 billion, Europe, Middle East and Africa $704.5 million, Asia Pacific $101.7 million.
- Long-term debt (excluding current portion) increased to $20.98 billion from $19.54 billion at December 31, 2025.