Global Payments (GPN) Q2 2026 Earnings Call Transcript

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DATE

Wednesday, Aug. 5, 2026 astatine 8:00 a.m. ET

CALL PARTICIPANTS

• Senior Vice President, Investor Relations - Nate Rozof

• Chief Executive Officer - Cameron Bready

• Chief Financial Officer - Josh Whipple

• Chief Operating Officer - Bob Cortopassi

Full Conference Call Transcript

Operator: Ladies and gentlemen, convey you for lasting by, and invited to Global Payments Second Quarter 2026 Earnings Conference Call. [Operator Instructions] As a reminder, today's league volition beryllium recorded. At this time, I would similar to crook the league implicit to your host, Senior Vice President, Investor Relations, Nate Rozof. Please spell ahead.

Nathan Rozof: Good morning. Welcome to Global Payments Second Quarter 2026 Conference Call. Joining america contiguous is our CEO, Cameron Bready; CFO, Josh Whipple; and COO, Bob Cortopassi. Some of the comments made during today's telephone volition incorporate forward-looking statements. These statements are taxable to risks and uncertainties that could origin existent results to disagree materially from those expressed oregon implied, and we caution you not to spot undue reliance upon them. They talk lone arsenic of the day of this call, and we undertake nary work to update them. In addition, we volition beryllium referring to non-GAAP fiscal measures.

For a afloat reconciliation of the non-GAAP fiscal measures to the astir comparable GAAP measure, delight spot our property merchandise furnished arsenic an grounds to our Form 8-K filed this greeting and the supplemental worldly disposable connected our Investor Relations website. Finally, the descent presumption that accompanies our prepared remarks is besides disposable connected our Investor Relations website. With that, I'll crook the telephone implicit to our CEO, Cameron Bready. Cameron?

Cameron Bready: Thanks, Nate, and bully morning, everyone. We are pleased with our 2nd 4th performance, which reflects the continued disciplined execution of our squad members worldwide. Our integration of Worldpay is progressing rapidly, and we are progressing good against the roadworthy representation we established to unlock the worth instauration opportunities from the transaction. At the aforesaid time, we proceed to heighten our competitory presumption done beardown commercialized execution, ongoing innovation and the accelerated adoption of AI crossed our products and operations portion besides establishing a beardown instauration to pb successful the emerging epoch of Agentic commerce. Our 2nd 4th results underscore the durability of our concern model.

Adjusted nett gross grew 4% connected a normalized basis, which includes an astir 100 ground constituent headwind from the interaction of the Middle East struggle connected our question portfolio. Adjusted operating margins expanded 70 ground points connected a normalized ground and adjusted net per stock accrued 12%. Our quality to make durable mid-single-digit maturation successful the look of transient outer headwinds demonstrates the benefits of our enhanced standard and the resilience of our diversified gross streams. Capital allocation remains a cardinal pillar of our concern thesis. During the quarter, we returned astir $550 cardinal done our antecedently announced accelerated stock repurchase programme arsenic good arsenic further unfastened marketplace repurchases.