Shares of Global Payments Inc. (GPN) rallied on Wednesday after the payments processor issued upbeat 2026 guidance and announced a sizable share repurchase program, which offset a decline in fourth-quarter profit.
The stock is currently trading at $79.25, up $9.48 or 13.59%, on the NYSE. The stock opened at $79.55 after closing Tuesday at $69.77. The stock has traded between $65.93 and $107.27 in the past 52-week period.
Global Payments reported fourth-quarter profit of $217.5 million, or $0.92 per share, down from $567.2 million, or $2.25 per share, last year. Adjusted earnings were $3.18 per share, while revenue was essentially flat at $1.90 billion.
The company forecast 2026 adjusted earnings of $13.80 - $14.00 per share, with about 5% adjusted revenue growth. The board also authorized a $2.5 billion share repurchase program, including a $550 million accelerated buyback. The board also approved a quarterly dividend of $0.25 per share.
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