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Will Higher Enterprise & SMB Contribution Aid GPN's Q3 Earnings?
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Key Takeaways
GPN's Q3 EPS is projected at $3.57 on $3.18 billion in revenues, up 9.5% and 31% year over year.
Global Payments' SMB adjusted revenues are likely to have reached $1.52 billion in Q3.
Adjusted EBITDA margin may rise to 46.9%, though adjusted operating expenses could reach $1.81 billion.
Global Payments Inc. (GPN - Free Report) is set to report third-quarter 2026 results on Nov. 5, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $3.57 per share on revenues of $3.18 billion.
The third-quarter earnings estimate witnessed two upward revisions over the past 60 days against one downward revision. The bottom-line projection indicates a year-over-year increase of 9.5%. The Zacks Consensus Estimate for quarterly revenues implies year-over-year growth of 31%.
Image Source: Zacks Investment Research
For full-year 2026, the Zacks Consensus Estimate for Global Payments’ revenues is pegged at $12.36 billion, implying a jump of 32.7% year over year. The consensus mark for current-year EPS is pegged at $13.64, implying a rise of 11.6% on a year-over-year basis.
Global Payments’ earnings beat the consensus estimate in three of the last four quarters and met once, with the average surprise being 1.6%. This is depicted in the figure below.
Our proven model predicts a likely earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s precisely the case here.
GPN has an Earnings ESP of +0.81% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
GPN’s third-quarter results are expected to reflect the impact of the acquisition of Worldpay and the sale of Issuer Solutions Business. The transaction closed on Jan. 12, 2026. Our model estimate for adjusted revenues from Enterprise and Platforms indicates significant growth from the year-ago level. Adjusted revenues from SMB are likely to have reached $1.52 billion.
We expect Enterprise adjusted operating margin to reach nearly 77%, while the same for Platforms is likely to reach nearly 46%. We expect adjusted operating income from SMB to reach nearly $890 million in the third quarter.
While the above-mentioned factors are likely to have positioned the company for an earnings beat, rising expenses are likely to have partially offset the gains. We expect adjusted operating expenses to reach $1.81 billion, due to higher costs of services and SG&A.
Nevertheless, we expect the adjusted EBITDA margin to rise to 46.9% in the third quarter from 46% in the previous quarter.
How Did Other Stocks Perform?
Here are some companies in the broader payments space that have already reported earnings for the September quarter: Synchrony Financial (SYF - Free Report) , American Express Company (AXP - Free Report) and Visa Inc. (V - Free Report) .
Synchrony Financial reported third-quarter 2026 adjusted EPS of $2.68, which surpassed the Zacks Consensus Estimate by 8.1%. However, the bottom line decreased 6.3% year over year. SYF’s earnings were aided by strong purchase volume and improved credit performance, partly offset by higher operating expenses and an increase in the provision for credit losses.
American Express reported third-quarter 2026 adjusted EPS of $4.68, which surpassed the Zacks Consensus Estimate by 4.7% and advanced 13% year over year. AXP’s quarterly earnings were driven by increased Card Member spending, higher net interest income and improved card fee growth. However, the upside was partly offset by elevated operating expenses.
Visa delivered fourth-quarter fiscal 2026 adjusted earnings of $3.48 per share, up 17% year over year and beat the Zacks Consensus Estimate by 1.5%. Higher payment volumes, robust cross-border activity and increased transaction processing aided Visa’s results. However, the upside was partly offset by increased expenses and client incentives.
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Will Higher Enterprise & SMB Contribution Aid GPN's Q3 Earnings?
Key Takeaways
Global Payments Inc. (GPN - Free Report) is set to report third-quarter 2026 results on Nov. 5, before the opening bell. The Zacks Consensus Estimate for the to-be-reported quarter’s earnings is currently pegged at $3.57 per share on revenues of $3.18 billion.
The third-quarter earnings estimate witnessed two upward revisions over the past 60 days against one downward revision. The bottom-line projection indicates a year-over-year increase of 9.5%. The Zacks Consensus Estimate for quarterly revenues implies year-over-year growth of 31%.
For full-year 2026, the Zacks Consensus Estimate for Global Payments’ revenues is pegged at $12.36 billion, implying a jump of 32.7% year over year. The consensus mark for current-year EPS is pegged at $13.64, implying a rise of 11.6% on a year-over-year basis.
Global Payments’ earnings beat the consensus estimate in three of the last four quarters and met once, with the average surprise being 1.6%. This is depicted in the figure below.
Global Payments Price and EPS Surprise
Global Payments Inc. price-eps-surprise | Global Payments Inc. Quote
Q3 Earnings Whispers for GPN
Our proven model predicts a likely earnings beat for the company this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. That’s precisely the case here.
GPN has an Earnings ESP of +0.81% and a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
You can see the complete list of today’s Zacks #1 Rank stocks here.
What’s Likely to Shape GPN’s Q3 Results?
GPN’s third-quarter results are expected to reflect the impact of the acquisition of Worldpay and the sale of Issuer Solutions Business. The transaction closed on Jan. 12, 2026. Our model estimate for adjusted revenues from Enterprise and Platforms indicates significant growth from the year-ago level. Adjusted revenues from SMB are likely to have reached $1.52 billion.
We expect Enterprise adjusted operating margin to reach nearly 77%, while the same for Platforms is likely to reach nearly 46%. We expect adjusted operating income from SMB to reach nearly $890 million in the third quarter.
While the above-mentioned factors are likely to have positioned the company for an earnings beat, rising expenses are likely to have partially offset the gains. We expect adjusted operating expenses to reach $1.81 billion, due to higher costs of services and SG&A.
Nevertheless, we expect the adjusted EBITDA margin to rise to 46.9% in the third quarter from 46% in the previous quarter.
How Did Other Stocks Perform?
Here are some companies in the broader payments space that have already reported earnings for the September quarter: Synchrony Financial (SYF - Free Report) , American Express Company (AXP - Free Report) and Visa Inc. (V - Free Report) .
Synchrony Financial reported third-quarter 2026 adjusted EPS of $2.68, which surpassed the Zacks Consensus Estimate by 8.1%. However, the bottom line decreased 6.3% year over year. SYF’s earnings were aided by strong purchase volume and improved credit performance, partly offset by higher operating expenses and an increase in the provision for credit losses.
American Express reported third-quarter 2026 adjusted EPS of $4.68, which surpassed the Zacks Consensus Estimate by 4.7% and advanced 13% year over year. AXP’s quarterly earnings were driven by increased Card Member spending, higher net interest income and improved card fee growth. However, the upside was partly offset by elevated operating expenses.
Visa delivered fourth-quarter fiscal 2026 adjusted earnings of $3.48 per share, up 17% year over year and beat the Zacks Consensus Estimate by 1.5%. Higher payment volumes, robust cross-border activity and increased transaction processing aided Visa’s results. However, the upside was partly offset by increased expenses and client incentives.