Cover and table of contents

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Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☑QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended September 30, 2023

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number: 001-16111

GlobalPayments_Wordmark_CMYK.jpg

GLOBAL PAYMENTS INC.

(Exact name of registrant as specified in charter)

Georgia58-2567903
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
3550 Lenox Road, Atlanta, Georgia30326
(Address of principal executive offices)(Zip Code)

Registrant’s telephone number, including area code: (770) 829-8000

Securities registered pursuant to Section 12(b) of the Act
Title of each classTrading symbolName of exchange on which registered
Common stock, no par valueGPNNew York Stock Exchange
4.875% Senior Notes due 2031GPN31ANew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act.

Large accelerated filer☑Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes☐No☑

The number of shares of the issuer’s common stock, no par value, outstanding as of October 26, 2023 was 260,388,546.

GLOBAL PAYMENTS INC.

FORM 10-Q

For the quarterly period ended September 30, 2023

TABLE OF CONTENTS

Page
PART I - FINANCIAL INFORMATION
ITEM 1.Unaudited Consolidated Statements of Income for the three and nine months ended September 30, 2023 and 20224
Unaudited Consolidated Statements of Comprehensive Income for the three and nine months ended September 30, 2023 and 20226
Consolidated Balance Sheets at September 30, 2023 (unaudited) and December 31, 20227
Unaudited Consolidated Statements of Cash Flows for the nine months ended September 30, 2023 and 20228
Unaudited Consolidated Statements of Changes in Equity for the three and nine months ended September 30, 2023 and 20229
Notes to Unaudited Consolidated Financial Statements11
ITEM 2.Management's Discussion and Analysis of Financial Condition and Results of Operations33
ITEM 3.Quantitative and Qualitative Disclosures About Market Risk45
ITEM 4.Controls and Procedures45
PART II - OTHER INFORMATION
ITEM 1.Legal Proceedings46
ITEM 1A.Risk Factors46
ITEM 2.Unregistered Sales of Equity Securities, Use of Proceeds and Issuer Purchases of Equity Securities46
ITEM 5.Other Information47
ITEM 6.Exhibits48
Signatures49

PART I - FINANCIAL INFORMATION

Next: Item 1. FINANCIAL STATEMENTS