Filing Flows › Global Payments (GPN) › Q2 2026 › vs Q2 2025
Global Payments (GPN) Q2 2026 vs Q2 2025 (year over year)
Global Payments's revenue rose $1.4B (+69%) from $2.0B in Q2 2025 to $3.3B in Q2 2026. Operating margin 10.2% against 20.0% (-9.8 pts).
Global Payments, Q2 2026: revenue $3.3B (+69% year over year), operating margin 10.2%, net earnings $13.0M, operating cash flow $663M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 10.2% | 20.0% | -9.8 pts |
| Net margin | 0.4% | 12.3% | -11.9 pts |
| Free cash flow margin | 12.9% | 33.8% | -20.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $3.3B | $2.0B | $1.4B | +69% |
| Operating profit | $337M | $393M | −$56.2M | -14% |
| Costs & expenses | $3.0B | $1.6B | $1.4B | +89% |
| Pre-tax earnings | $24.0M | $287M | −$263M | -92% |
| Other expense, net | $313M | $106M | $207M | +194% |
| Cost of revenue | $1.3B | $502M | $792M | +158% |
| SG&A | $1.7B | $1.0B | $649M | +62% |
| Income tax benefit | $4.9M | −$40.9M | $45.8M | — |
| Net earnings | $13.0M | $242M | −$229M | -95% |
| Minority interests | $16.0M | $4.5M | $11.5M | +258% |
| Operating cash sources | $933M | $578M | $355M | +61% |
| Depreciation & amortization | $884M | $296M | $588M | +198% |
| Share-based compensation | $35.7M | $39.8M | −$4.1M | -10% |
| Working capital & other | $270M | −$240M | $510M | — |
| Operating cash flow | $663M | $818M | −$155M | -19% |
| Free cash flow (OCF − capex) | $427M | $665M | −$238M | -36% |
| Capital expenditures | $236M | $152M | $83.5M | +55% |
Questions
How much did Global Payments's revenue grow year over year in Q2 2026?
Global Payments's revenue rose $1.4B (+69%) from $2.0B in Q2 2025 to $3.3B in Q2 2026. Operating margin 10.2% against 20.0% (-9.8 pts).