Wednesday, Global Payments Inc. (GPN) announced its first-quarter financial results, reporting a net loss of $1.799 billion compared to a net income of $305.7 million in the prior year, driven by higher loss from discontinued operations.
On a per-share basis, total loss attributable to the company was $6.59 compared to a profit of $1.24 in the previous year.
Adjusted earnings stood at $808.9 million compared to $665.3 million in the earlier year.
Revenue rose 63.1 percent, to $2.969 billion from last year's $1.820 billion.
Looking ahead, the company estimates adjusted earnings of $13.80 to $14.00 per share for the full year 2026.
Concurrently, Global Payments entered into a $500 million accelerated share repurchase plan.
GPN is trading at $72.76, up 4.68 percent before the bell on the New York Stock Exchange.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.