By Connor Hart
Global Payments logged higher revenue in the fourth quarter and guided for continued growth this year, as the company benefits from recent steps it has taken to reposition its business.
The payment-technology platform on Wednesday posted a profit of $217.5 million, or 92 cents a share, compared with $567.2 million, or $2.25 a share, a year earlier.
Stripping out certain one-time items, earnings came in at $3.18 a share. Analysts surveyed by FactSet expected adjusted earnings of $3.16 a share.
Revenue was roughly flat at $1.9 billion. Global Payments said its top line grew 6% on an adjusted basis, to $2.32 billion, in line with Wall Street models.
Chief Executive Cameron Bready said the company took steps last year to reposition its business, including shedding its Issuer Solutions business amid its three-way deal to buy rival Worldpay for $24.25 billion with Fidelity National Information Services and private-equity firm GTCR.
The deal closed sooner than expected, and the purchase marks a pivotal step in Global Payments' evolution, Bready added.
Looking ahead, the Atlanta-based company guided for adjusted earnings of $13.80 to $14 a share, ahead of the $13.58 a share that analysts were looking for. Global Payments also forecast adjusted net revenue growth of about 5% in constant currency.
Shares rose 7.5%, to $75, in premarket trading.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
February 18, 2026 07:22 ET (12:22 GMT)
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