Global Payments reported Q4 2025 results in line with expectations and highlighted the successful completion of the WorldPay acquisition, which closed ahead of schedule. Management reaffirmed its medium-term growth algorithm of ~5% constant currency revenue growth and raised long-term margin targets, driven by integration synergies and strong momentum in its Genius point-of-sale platform. Acquisition of WorldPay closed in January, ahead of schedule; integration is already underway with early wins selling Genius through WorldPay's US sales force.
Global Payments reported Q4 2025 results in line with expectations and highlighted the successful completion of the WorldPay acquisition, which closed ahead of schedule. Management reaffirmed its medium-term growth algorithm of ~5% constant currency revenue growth and raised long-term margin targets, driven by integration synergies and strong momentum in its Genius point-of-sale platform. Acquisition of WorldPay closed in January, ahead of schedule; integration is already underway with early wins selling Genius through WorldPay's US sales force.
Global Payments reported Q4 2025 results in line with expectations and highlighted the successful completion of the WorldPay acquisition, which closed ahead of schedule. Management reaffirmed its medium-term growth algorithm of ~5% constant currency revenue growth and raised…
Acquisition of WorldPay closed in January, ahead of schedule; integration is already underway with early wins selling Genius through WorldPay's US sales force.
Guidance · revenue to 5%
Genius platform continues to gain traction, growing enterprise restaurant rooftops by over 50% in 2025 and seeing a strong pipeline, positioning it as a major growth driver.
Management highlighted AI as a foundational initiative across the company, with a focus on agentic commerce, embedding AI into products (e.g., Genius, authorization optimization), and driving productivity/efficiency gains. They noted partnerships with Google and OpenAI and the launch of an MCP, positioning the company to benefit from AI-led commerce while also using AI to accelerate integration an
Guidance is for continued growth at the high end of their 5% medium-term target, with a clear plan to accelerate into 2027-2028, supported by strong Genius momentum and acquisition synergies.
Management plans to invest approximately $1 billion annually in commerce technology and expects 2026 capital expenditures around $1 billion, representing roughly 8% of adjusted net revenue, which is consistent with their prior outlook. This investment is focused on driving innovation as a pure-play merchant services business.
The tone was confident and optimistic, underscored by management's conviction in the WorldPay integration, strategy execution, and capital return plans, despite a cautiously guided revenue outlook.
“new POS locations in the fourth quarter were 25% higher than new locations in the prior year period. And our enterprise restaurant rooftop count at year end was more than 50% higher than the number at the end of 2024.”
“Genius's payments attach rate in the enterprise segment nearly doubled in the fourth quarter, enhancing customer lifetime value and demonstrating the tangible financial benefits of our Salesforce transformation”
“Expect to return more than $2 billion of our capital to our shareholders this year through share repurchases and dividends, which includes the $550 million accelerated share repurchase plan”
“expect our capital expenditures to be approximately $1 billion in 2026, representing approximately 8% of adjusted net revenue, which is consistent with our prior outlook.”
| Показатель | Период | Диапазон | Середина | Статус |
|---|---|---|---|---|
| Capex | FY2026 | $1B | $1B | GUIDED |
| EPS | FY2026 | $13.80–$14.00 | $13.90 | GUIDED |
| Free cash flow | FY2026 | 90% | 90% | GUIDED |
| Op margin | FY2026 | 150% | 150% | GUIDED |
| Revenue | FY2026 | 5% | 5% | GUIDED |
The integration of WorldPay's sales force is already yielding initial Genius sales wins, indicating early revenue synergy realization from the acquisition.
“WorldPay's US direct sales force is already enabled to sell Genius. They have boarded their first cohort of new clients and the pipeline continues to build.”
… AI to create new revenue streams and drive productivity across the business. Beginning with WorldPay integration, our synergy initiatives are already well underway and we remain confident in our ability to achieve 200 million in annualized revenue and 600 million in expense synergies over the next three years. Thanks to more than eight months of pre-closing preparation, we are already off to a great start with integration execution. WorldPay's US direct sales force is already enabled to sell Genius. They have boarded their first cohort of new clients and the pipeline continues to build. This quick success demonstrates that Genius has a very short sales cycle and time to go live that is measured in days, not weeks. We were also progressing our next key priority to integrate WorldPay's e-commerce capabilities into our SMB offerings, an important driver of revenue synergies, and we were already having early success in the UK, where we were able to quickly bring WorldPay's SMB e-com offerings to global payment sales channels. As we advance our integration program, we are taking a best of both approach across our teams, products, and technologies. Further, we've made substantial …
The SeaWorld deployment shows Genius's expansion beyond traditional food and beverage into entertainment attractions, winning a hardware and software account.
“SeaWorld deployed nearly 100 Genius kiosks across five theme parks”
… which is one of the fastest-growing coffee chains in the U.S. Seven Brew chose Genius to preserve what makes their brand special, personal high-energy service, while streamlining order flow and back-of-house operations. We implemented Genius at more than 500 locations in just 65 days, and they have kept growing at roughly 10 new rooftops a week, which underscores Genius's scalability. We also added bronze ice cream with 320 locations in Love's travel shops. Further, SeaWorld deployed nearly 100 Genius kiosks across five theme parks, and Diamond Baseball Holdings brought Genius into an additional sixth of its minor league stadiums. Even with all this progress, we're not slowing down. We recently launched a comprehensive marketing campaign across four key U.S. markets, TV, radio, digital signage, and more, to put genius in front of more prospects more often. And for 2026, we plan to continue investing in feature functionality to meet the needs of several professional services verticals that will further expand distribution through world-paced channels, including their 50 largest referral banks and more than 6,300 branches. Internationally, we will scale in Germany and expand …
Winning Domino's Canada as a merchant suggests Global Payments' enterprise offerings are gaining traction against competitors in the large QSR vertical.
“new wins with Domino's Canada and TaxSlayer.”
… uses AI to automate chargeback responses, utilizing more than 500 data points. It protected over 40,000 merchants last year, increasing chargeback win rates by an average of 15%. Our dynamic routing solution also consistently delivers savings. In 2025, we optimized nearly 8 billion debit transactions, saving our customers over $200 million, an increase of more than 10% year over year. The strength of our competitive position led to several noticeable successes in 2025, including new wins with Domino's Canada and TaxSlayer. Key new e-commerce wins include Pfizer, global sports streaming network DAZN, European rideshare app Bolt, and a notable omnichannel cross-sell with Polish Airlines. The team also executed multi-year renewals with over 50 of our largest clients in 2025, representing over a trillion dollars in annual payments volume. including numerous leading enterprises. Turning to integrated and platforms, Matt Downs leads this business, serving ISVs, Payfax, platforms, and marketplaces across more than 100 verticals. Matt also joins us from WorldPay, where he led the platforms business. Matt is a veteran of integrated payments businesses with deep knowledge and experience in …
The win with DAZN, a high-volume digital streaming company, strengthens Global Payments' position in the e-commerce and digital subscriptions market, potentially displacing other processors.
… 40,000 merchants last year, increasing chargeback win rates by an average of 15%. Our dynamic routing solution also consistently delivers savings. In 2025, we optimized nearly 8 billion debit transactions, saving our customers over $200 million, an increase of more than 10% year over year. The strength of our competitive position led to several noticeable successes in 2025, including new wins with Domino's Canada and TaxSlayer. Key new e-commerce wins include Pfizer, global sports streaming network DAZN, European rideshare app Bolt, and a notable omnichannel cross-sell with Polish Airlines. The team also executed multi-year renewals with over 50 of our largest clients in 2025, representing over a trillion dollars in annual payments volume. including numerous leading enterprises. Turning to integrated and platforms, Matt Downs leads this business, serving ISVs, Payfax, platforms, and marketplaces across more than 100 verticals. Matt also joins us from WorldPay, where he led the platforms business. Matt is a veteran of integrated payments businesses with deep knowledge and experience in the sector, including leadership roles in SaaS businesses. In this channel, we are uniquely …
Winning an integrated software provider like Lightspeed indicates Global Payments is capturing share in the integrated payments vertical.
… how each software or platform partner wants to monetize payments and control the experience, whether they need low-code referral simplicity, a curated a la carte stack, or end-to-end PayFac capabilities. Critically, we can tailor operating models for the most sophisticated platforms and still deliver them at scale with attractive margins, leveraging our unified APIs, onboarding, risk, and managed services to keep partners agile as they grow. We've seen this come to life through recent wins with leading software providers, including ABC Fitness, Lightspeed, and Vital Edge, as well as recent multi-year renewal with one of our largest PayFact clients. And by combining with WorldPay, we will be able to further accelerate our global expansion of this channel. Lastly, our global SMB channel supports businesses with less than $50 million in annual payment volume and is led by David Rumpf, a 14-year veteran of global payments. Our SMB business may stand to benefit most from our combination with WorldPay. Together, the breadth and depth of our distribution positions us very well competitively. We have the unique ability to sell new products and commerce solutions through direct and …
The rapid 500-location implementation for a high-growth coffee chain demonstrates the scalability of Genius, potentially taking share from other POS providers in that vertical.
… connection hub can be easily swapped out, which future-proofs the solution by allowing clients to upgrade individual components without needing to replace any of the rest of the device. Earlier, I described our vision to ignite business growth and enrich lives around the world. And Genius is doing exactly that for Seven Brew Drive-Thru Coffee, which is one of the fastest-growing coffee chains in the U.S. Seven Brew chose Genius to preserve what makes their brand special, personal high-energy service, while streamlining order flow and back-of-house operations. We implemented Genius at more than 500 locations in just 65 days, and they have kept growing at roughly 10 new rooftops a week, which underscores Genius's scalability. We also added bronze ice cream with 320 locations in Love's travel shops. Further, SeaWorld deployed nearly 100 Genius kiosks across five theme parks, and Diamond Baseball Holdings brought Genius into an additional sixth of its minor league stadiums. Even with all this progress, we're not slowing down. We recently launched a comprehensive marketing campaign across four key U.S. markets, TV, radio, digital signage, and more, to put genius in front of more …
Global Payments has positioned itself as a key payment processor for AI-driven commerce initiated via Google and OpenAI chatbots, potentially creating a new revenue stream tied to AI agents.
… experience where AI can research, select, and even complete transactions on behalf of consumers. With our leading scale and sophisticated e-commerce capabilities, we are differentiated by our ability to act as a universal connector across agentic platforms and protocols for merchants of any size, anywhere in the world, operating in any vertical. To position global payments at the center of the shift, we've been a founding member of every major protocol announced, including Google's universal commerce protocol and OpenAI agentic commerce protocol. In fact, we've just completed our implementation of the latter, so our merchants can accept payments originating from chat GPT, as well as Google's AI chat interfaces. We also launched our own model context protocol or MCP in November, which makes it easier for AI agents to initiate and query payments in automated operational workflows. Our standalone acquire agnostic token vault and credential management systems are world-class and a crucial capability for an agentic world where tokens underpin secure handling of credentials between agents, merchants, and other entities. We were also in partnership discussions with several leading …
The Genius-Uber Eats integration simplifies delivery for restaurants, making Genius a more attractive point-of-sale choice for an industry where delivery is critical.
… at Truist Park, a great stage to showcase the pace of innovation and hear directly from our clients. One highlight of the conference was the introduction of Genius Drive-Thru, our multi-lane solution that pairs a seamless order flow with our patented camera vision system, so each vehicle is automatically matched to the right order. The outcome is simple, faster lines, fewer errors, happier guests. We also announced Uber Eats as our preferred delivery partner in the U.S. and Canada. Restaurants can self-onboard in minutes, and orders, updates, and cancellations sync instantly between Uber Eats and Genius, reducing workload at the counter and allowing clients to unlock incremental demand faster. As we continue to invest in Genius, we are widening where Genius can win. We launched Genius for Services and extended support into higher education and age-related verticals. Further, we expanded distribution to our wholesale channel, successfully piloted Genius in Germany, and introduced mobile payment capabilities for on-the-go businesses in the U.K., and we unveiled the industry's first modular point of sale hardware that combines a contemporary aesthetic with functionalities that …
Genius POS locations in enterprise restaurants grew by over 50% in 2025, with new enterprise locations up 25% in Q4 vs last year. — The high growth in restaurant rooftop count for Genius suggests significant share gains against competitive restaurant POS providers, indicating a potential slowdown in their growth.
Thanks, guys. Good morning. On Genius, our checks suggest that the SMB space is obviously still very competitive, but none of the major players are pricing irrationally in the market that would threaten current business models. My question is, would you agree with that? And then a quick tangential question. There's been some speculation around Toast renewing with you. Our checks pointed to a competitive deal, but you would retain them. If you're able to provide any update on that, that would be great. Thanks.
Yeah, maybe I'll start. Thanks for the question. And I'll ask Bob to add a little bit more color as well. I'd say, look, from our vantage point, The competitive market around point of sale does remain very competitive. Obviously, there's a number of strong players in the space. We believe that we are one of them, and we are building momentum around everything that we're doing with Genius, and we feel very good about where we are, I think, in the progress that we have made. As we look across the things that we're doing, we're growing well in the areas that we've already launched our capabilities. And I think that's evidenced by the commentary that Josh provided in his prepared remarks this morning in his script. We're also expanding into new markets and new geographies, new subverticals, new form factors. and as well new distribution channels as i commented on earlier all of that gives us i think enormous confidence so we're going to continue to build momentum around genius and continue to see very positive results and gain more share with genius in the marketplace i would say as it relates to the the pricing environment it remains fairly rational to your point i don't think we're seeing a lot of irrational behavior from a pricing standpoint it is very competitive I think one of the things that we feel very good about is given the enormous scale that we bring to the business, particularly from a payment standpoint, we can be as price competitive as anybody. But our goal remains to lead with our distribution diversity, the capabilities and feature richness of our solutions, and obviously the distinctive service experience that we think we can deliver to customers. As it relates to the second part of your question before I turn it over to Bob, maybe to provide a little more color around, you know, the POS market, we have renewed with Toast on a multi-year deal. So that is done. And, you know, we're proud to continue to support them, you know, from a payments perspective going forward.