Business Context and Reporting Period
Company: Global Payments Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: February 18, 2026
Event: Initiation of an Accelerated Share Repurchase (ASR) program.
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or debt levels. The primary financial metric disclosed is the authorization of a $550 million share repurchase under the ASR program.
Material Changes
The Company entered into an ASR agreement to repurchase an aggregate of $550 million of common stock. Approximately 5,414,718 shares were delivered to the Company on February 20, 2026. The final share count will be determined based on the average daily volume-weighted average price during the repurchase period, less a discount.
Guidance, Outlook, and Management Commentary
Settlement Timeline: Final settlement of the ASR is expected to occur no later than March 30, 2026.
Program Status: This transaction is part of a previously announced, board-approved share repurchase program.
Risks/Contingencies: The final number of shares repurchased is subject to adjustments pursuant to the terms of the ASR agreement.
Investor Verification Checklist
- Verify the final number of shares repurchased upon settlement (expected by March 30, 2026).
- Confirm the remaining authorization balance under the broader board-approved share repurchase program.
- Review the impact of the $550 million cash outflow on the Company's liquidity position in the next quarterly report.