EARNINGS PER SHARE

3 Months Ended

Mar. 31, 2026

Basic earnings (loss) per share ("EPS") was computed by dividing net income (loss) attributable to Global Payments by the weighted-average number of shares outstanding during the period. Earnings available to common shareholders is the same as reported net income (loss) attributable to Global Payments for all periods presented.

Diluted EPS is computed by dividing net income (loss) attributable to Global Payments by the weighted-average number of shares outstanding during the period, including the effect of share-based awards, convertible notes or other potential securities that would have a dilutive effect on EPS. All stock options with an exercise price lower than the average market share price of our common stock for the three months ended March 31, 2025 are assumed to have a dilutive effect on EPS. Due to a net loss for the three months ended March 31, 2026, no incremental shares are included in the computation of diluted loss per share because the effect would be antidilutive. The dilutive share base for the three months ended March 31, 2026 excluded approximately 0.9 million shares related to stock options that would have an antidilutive effect on the computation of diluted EPS. The dilutive share base for the three months ended March 31, 2025, excluded approximately 0.8 million shares related to stock options that would have an antidilutive effect on the computation of diluted EPS.

The effect of the potential shares needed to settle the conversion spread on our convertible notes is included in diluted EPS if the effect is dilutive. The effect depends on the market share price of our common stock at the time of conversion and would be dilutive if the average market share price of our common stock for the period exceeds the conversion price. For the three months ended March 31, 2026, the convertible notes were not included in the computation of diluted loss per share as the effect would have been anti-dilutive. Further, the effect of the related capped call transactions is not included in the computation of diluted EPS as it is always anti-dilutive.

The following table sets forth the computations of basic and diluted EPS for continuing and discontinued operations for the three months ended March 31, 2026 and 2025:


	Three Months Ended
	March 31, 2026		March 31, 2025

	(in thousands, except per share data)

Income (loss) from continuing operations attributable to Global Payments	$	(213,651)	$	228,900
Income (loss) from discontinued operations attributable to Global Payments	(1,586,227)		76,834
Net income (loss) attributable to Global Payments	$	(1,799,878)	$	305,734

Basic weighted-average number of shares outstanding	273,223		246,749
Plus: Dilutive effect of stock options and other share-based awards	—		411
Diluted weighted-average number of shares outstanding	273,223		247,160

Basic earnings (loss) per share attributable to Global Payments:
Continuing operations	$	(0.78)	$	0.93
Discontinued operations	(5.81)		0.31
Total basic earnings (loss) per share attributable to Global Payments	$	(6.59)	$	1.24

Diluted earnings (loss) per share attributable to Global Payments:
Continuing operations	$	(0.78)	$	0.93
Discontinued operations	(5.81)		0.31
Total diluted earnings (loss) per share attributable to Global Payments	$	(6.59)	$	1.24