Global Payments (NYSE: GPN) starts $550 million accelerated buyback
Rhea-AI Filing Summary
Global Payments Inc. entered into an accelerated share repurchase (ASR) agreement to buy back $550 million of its common stock under its existing board-approved repurchase program. The company expects to initially receive about 5,414,718 shares on February 20, 2026, with the final number of shares determined by the average daily volume-weighted average price of its stock during the ASR period, less a discount and subject to contractual adjustments. Final settlement is expected no later than March 30, 2026.
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Insights
Global Payments commits $550 million to an accelerated share repurchase, signaling a sizable return of capital to shareholders.
Global Payments Inc. has initiated an accelerated share repurchase for $550 million of its common stock under its existing program. An initial delivery of about 5,414,718 shares will occur on February 20, 2026, with the final share count set by the ASR pricing formula.
An ASR concentrates repurchases into a defined window using the average daily volume-weighted average price less a discount. This structure can quickly reduce shares outstanding while locking in a rules-based price mechanism agreed with the counterparty.
The company expects the ASR to be finally settled by March 30, 2026. The ultimate impact on per-share metrics will depend on the stock’s trading levels over the repurchase period and the resulting final share delivery under the ASR terms.
8-K Event Classification
FAQ
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Item 8.01. Other Events
On February 18, 2026, Global Payments Inc. (the “Company”) entered into an accelerated share repurchase (“ASR”) program to repurchase an aggregate of $550 million of the Company’s shares of common stock as part of the Company’s previously announced, board-approved share repurchase program. Approximately 5,414,718 shares of the Company’s common stock to be repurchased under the ASR will be received by the Company on February 20, 2026. The total number of shares that the Company will repurchase under the ASR will generally be based on the average of the daily volume-weighted average prices of the Company’s common stock during the repurchase period, less a discount and subject to adjustments pursuant to the terms of the ASR. Final settlement of the ASR is expected to occur no later than March 30, 2026.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
| GLOBAL PAYMENTS INC. | |||
| Date: | February 19, 2026 | By: | /s/ Joshua J. Whipple |
| Joshua J. Whipple | |||
| Chief Financial Officer | |||