Global Payments delivered Q4 adjusted net revenue of $2.32 billion, up 6% on a constant-currency basis excluding dispositions, and adjusted EPS of $3.18, a 12% increase year over year. Merchant Solutions net revenue reached $1.78 billion with high single-digit growth in POS and software, while full-year adjusted net revenue totaled $9.32 billion, up 6%, and EPS rose 12% to $12.22.

In January, Global Payments completed its acquisition of Worldpay and divested its Issuer Solutions business, finalizing a strategic transformation to a pure-play commerce solutions provider and marking the end of standalone Global Payments results.

The company achieved over 100% adjusted free cash flow conversion in 2025, funding $1 billion of shareholder returns plus an incremental $1.2 billion from portfolio moves. The board approved a $2.5 billion share repurchase authorization, including a $550 million accelerated buyback, while maintaining a stable dividend.

For 2026, management guided to approximately 5% constant-currency net revenue growth excluding dispositions, 150 basis points of operating margin expansion, and adjusted EPS of $13.80–$14.00 (13–15% growth). The outlook includes about $1 billion of capex, over 90% free cash flow conversion and $70–80 million of cost synergies toward a three-year target of $200 million revenue and $600 million expense synergies.