GTCR Group reports 15.45% stake in Global Payments (GPN) common stock

Rhea-AI Filing Summary

Global Payments Inc. discloses that GTCR W Aggregator LP and related entities have become significant shareholders. The GTCR reporting group beneficially owns 43,268,041 shares of Global Payments common stock, representing 15.45% of the outstanding class. This ownership percentage is based on 236,702,659 shares outstanding as of December 31, 2025, plus the 43,268,041 shares issued to GTCR W Aggregator LP on January 9, 2026 under a Transaction Agreement among Global Payments, Worldpay Holdco, LLC, GTCR affiliates and certain Global Payments subsidiaries. The GTCR entities report shared voting and dispositive power over all of these shares and certify that the securities were not acquired to change or influence control of Global Payments.

Insights

Equity ownership and governance analyst

GTCR entities report a passive 15.45% stake in Global Payments.

The filing shows that GTCR W Aggregator LP directly holds 43,268,041 Global Payments common shares, with GTCR Partners W LLC, GTCR Investment XIII LLC and GTCR Investment XIV LLC listed as indirect reporting entities. All report shared voting and shared dispositive power over the same block, with no sole authority.

The stake equals 15.45% of Global Payments’ common stock, calculated from 236,702,659 shares outstanding as of December 31, 2025, increased by the 43,268,041 shares issued on January 9, 2026 under an existing Transaction Agreement involving Worldpay Holdco, LLC and GTCR affiliates. This indicates a large, coordinated holder but does not by itself change corporate control.

The reporting group uses the Schedule 13G framework and explicitly certifies that the shares “were not acquired and are not held” to change or influence control of Global Payments, other than limited proxy nomination activities. Future ownership levels will depend on any additional issuances or dispositions by the GTCR entities, which would be reflected in later regulatory disclosures.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

GLOBAL PAYMENTS INC.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

37940X102

(CUSIP Number)

01/09/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 37940X102

1

Names of Reporting Persons

GTCR W Aggregator LP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 43,268,041.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 43,268,041.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

43,268,041.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.45 %

12

Type of Reporting Person (See Instructions)

PN

Comment for Type of Reporting Person: Calculated based on 236,702,659 shares of Common Stock outstanding as of December 31, 2025, as provided by the Issuer, as increased by 43,268,041 shares of Common Stock issued to GTCR Aggregator (as defined below) on January 9, 2026 in connection with the transactions contemplated by the Transaction Agreement, dated April 17, 2025, by and among the Issuer, Worldpay Holdco, LLC, certain affiliates of GTCR LLC and certain wholly owned subsidiaries of the Issuer (the "Transaction Agreement").

SCHEDULE 13G

CUSIP No. 37940X102

1

Names of Reporting Persons

GTCR Partners W LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 43,268,041.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 43,268,041.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

43,268,041.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.45 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Calculated based on 236,702,659 shares of Common Stock outstanding as of December 31, 2025, as provided by the Issuer, as increased by 43,268,041 shares of Common Stock issued to GTCR Aggregator on January 9, 2026 in connection with the transactions contemplated by the Transaction Agreement.

SCHEDULE 13G

CUSIP No. 37940X102

1

Names of Reporting Persons

GTCR Investment XIII LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 43,268,041.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 43,268,041.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

43,268,041.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.45 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Calculated based on 236,702,659 shares of Common Stock outstanding as of December 31, 2025, as provided by the Issuer, as increased by 43,268,041 shares of Common Stock issued to GTCR Aggregator on January 9, 2026 in connection with the transactions contemplated by the Transaction Agreement.

SCHEDULE 13G

CUSIP No. 37940X102

1

Names of Reporting Persons

GTCR Investment XIV LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 43,268,041.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 43,268,041.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

43,268,041.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

15.45 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Calculated based on 236,702,659 shares of Common Stock outstanding as of December 31, 2025, as provided by the Issuer, as increased by 43,268,041 shares of Common Stock issued to GTCR Aggregator on January 9, 2026 in connection with the transactions contemplated by the Transaction Agreement.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: GLOBAL PAYMENTS INC.
(b)	Address of issuer's principal executive offices: 3550 Lenox Road Atlanta, Georgia 30326
Item 2.
(a)	Name of person filing: This statement is filed by the entities listed below, all of whom together are referred to herein as the "Reporting Persons": (i) GTCR W Aggregator LP ("GTCR Aggregator") (ii) GTCR Partners W LLC ("GTCR Partners") (iii) GTCR Investment XIII LLC ("GTCR Investment XIII") (iv) GTCR Investment XIV LLC ("GTCR Investment XIV")
(b)	Address or principal business office or, if none, residence: c/o GTCR LLC 300 North LaSalle Street, Suite 5600 Chicago, IL 60654
(c)	Citizenship: See responses to row 4 on each cover page.
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 37940X102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See responses to row 9 on each cover page. The reported securities are directly held by GTCR Aggregator. GTCR Aggregator is managed by GTCR Partners, its general partner, which is indirectly managed by GTCR Investment XIII and GTCR Investment XIV. GTCR Investment XIII and GTCR Investment XIV are each managed by a board of managers (respectively, the "GTCR XIII Board" and the "GTCR XIV Board" and the individual members thereof, the "Managers"), and no single person has voting or dispositive authority over the securities reported herein. Each of the Reporting Persons and Managers may be deemed to share beneficial ownership of the reported securities, provided that each Manager disclaims beneficial ownership of the reported securities. The filing of this statement shall not be construed as an admission that any Reporting Person or Manager is the beneficial owner of any of the reported securities for purposes of Section 13(d) or 13(g) or for any other purpose.
(b)	Percent of class: See responses to row 11 on each cover page. The reported securities represent 15.45% of the outstanding shares of Common Stock. Such calculation is based upon 236,702,659 shares of Common Stock outstanding as of December 31, 2025, as provided by the Issuer, as increased by 43,268,041 shares of Common Stock issued to GTCR Aggregator on January 9, 2026 in connection with the transactions contemplated by the Transaction Agreement.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See responses to row 5 on each cover page.
	(ii) Shared power to vote or to direct the vote: See responses to row 6 on each cover page.
	(iii) Sole power to dispose or to direct the disposition of: See responses to row 7 on each cover page.
	(iv) Shared power to dispose or to direct the disposition of: See responses to row 8 on each cover page.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

GTCR W Aggregator LP

Signature:	/s/ Jeffrey Wright
Name/Title:	By: GTCR Partners W LLC, its General Partner, Jeffrey Wright / Chief Legal Officer
Date:	01/12/2026

GTCR Partners W LLC

Signature:	/s/ Jeffrey Wright
Name/Title:	Jeffrey Wright / Chief Legal Officer
Date:	01/12/2026

GTCR Investment XIII LLC

Signature:	/s/ Jeffrey Wright
Name/Title:	Jeffrey Wright / Chief Legal Officer
Date:	01/12/2026

GTCR Investment XIV LLC

Signature:	/s/ Jeffrey Wright
Name/Title:	Jeffrey Wright / Chief Legal Officer
Date:	01/12/2026

Comments accompanying signature: Exhibit 99.1 Joint Filing Agreement, dated as of January 12, 2026. GTCR W Aggregator LP, By: GTCR Partners W LLC, its General Partner.

FAQ

How many Global Payments (GPN) shares do the GTCR entities report owning?

The GTCR reporting group discloses beneficial ownership of 43,268,041 shares of Global Payments Inc. common stock.

What percentage of Global Payments common stock do the GTCR entities hold?

The filing states that the GTCR entities’ 43,268,041 shares represent 15.45% of Global Payments’ outstanding common stock.

How was the 15.45% ownership in Global Payments (GPN) calculated?

The percentage is based on 236,702,659 shares of common stock outstanding as of December 31, 2025, as provided by Global Payments, plus 43,268,041 shares issued to GTCR W Aggregator LP on January 9, 2026 under the Transaction Agreement.

Which GTCR entities are reporting beneficial ownership in Global Payments?

The reporting persons are GTCR W Aggregator LP, GTCR Partners W LLC, GTCR Investment XIII LLC, and GTCR Investment XIV LLC.

Do the GTCR entities have sole or shared voting power over Global Payments shares?

Each reporting person shows 0 shares with sole voting or dispositive power and 43,268,041 shares with shared voting and shared dispositive power.

Are the GTCR entities seeking to influence control of Global Payments (GPN)?

The certification states the securities “were not acquired and are not held for the purpose of or with the effect of changing or influencing the control” of Global Payments, other than activities solely in connection with a nomination under Rule 14a-11.

What agreement led to the share issuance to GTCR W Aggregator LP?

The 43,268,041 shares were issued on January 9, 2026 in connection with transactions under the Transaction Agreement dated April 17, 2025 among Global Payments, Worldpay Holdco, LLC, certain GTCR LLC affiliates and certain Global Payments subsidiaries.