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(1) Consolidated Financial Statements
−Removed: Our consolidated financial statements listed below are set forth in "Item 8 - Financial Statements and Supplementary Data" of this Annual Report on Form 10-K:
−Removed: Reports of Independent Registered Public Accounting Firm (PCAOB ID 34 )
+Added: Our consolidated financial statements listed below are set forth in "Item 8 - Financial Statements and Supplementary Data" of this exhibit:
+Added: Report of Independent Registered Public Accounting Firm (PCAOB ID 34 )
Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023 61
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The following exhibits either (i) are filed with this Annual Report on Form 10-K or (ii) have previously been filed with the SEC and are incorporated in this Item 15 by reference to those prior filings.
+Added: 2.1† Transaction Agreement, dated as of April 17, 2025, by and among Global Payments Inc., Total System Services LLC, Fidelity National Information Services, Inc.
+Added: and Worldpay Holdco, LLC, incorporated by reference to Exhibit 2.1 to the Company’s Current Report on Form 8-K filed on April 21, 2025.
+Added: 2.2† Transaction Agreement, dated as of April 17, 2025, by and among Global Payments Inc., Genesis Merger Sub I, Inc., Genesis Merger Sub II, Inc., Genesis Merger Sub III, Inc., Genesis Merger Sub IV LLC, Genesis Washington Merger Sub LLC, GTCR W Aggregator LP, Worldpay Holdco, LLC, GTCR W Management Blocker Inc., GTCR W Management Blocker II Inc., GTCR W Blocker Corp.
+Added: and the other parties thereto, incorporated by reference to Exhibit 2.2 to the Company’s Current Report on Form 8-K filed on April 21, 2025.
3.1 Third Amended and Restated Articles of Incorporation of Global Payments Inc., incorporated by reference to Exhibit 4.1 to the Company's Post-Effective Amendment No.
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4.24 Form of 4.450% Senior Note due 2028, incorporated by reference to Exhibit 4.2 to Total System Services Inc.’s Current Report on Form 8-K filed on May 11, 2018.
+Added: 4.25 Supplemental Indenture No.
+Added: 7, dated as of November 14, 2025, between Global Payments Inc.
+Added: Bank Trust Company, National Association, as trustee, incorporated by reference to Exhibit 4.2 to the Company’s Current Report on Form 8-K filed on November 14, 2025.
+Added: 4.26 Form of Global Note representing the Notes (included in Exhibit 4.25).
10.1+ Total System Services, Inc.
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10.12+ Form of Non-Statutory Stock Option Award pursuant to the Amended and Restated 2005 Incentive Plan, incorporated by reference to Exhibit 10.5 to the Company's Quarterly Report on Form 10-Q filed on January 8, 2007.
−Removed: 10.13+ Amended and Restated Employment Agreement, dated as of September 20, 2019, between Global Payments Inc.
−Removed: and Jeffrey S.
−Removed: Sloan, incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on October 31, 2019.
−Removed: 10.14+ Letter Agreement, dated May 1, 2023, between Global Payments Inc.
−Removed: and Jeffrey S.
−Removed: Sloan, incorporated by reference to Exhibit 10.2 to the Company’s Current Report on Form 8-K filed on May 1, 2023.
10.13+ Amended and Restated Employment Agreement, dated as of May 1, 2023, by and between Global Payments Inc.
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10.14+ Amended and Restated Employment Agreement, dated as of September 20, 2019, between Global Payments Inc.
−Removed: Sacchi, incorporated by reference to Exhibit 10.3 to the Company’s Quarterly Report on Form 10-Q filed on October 31, 2019.
−Removed: 10.17+ Amended and Restated Employment Agreement, dated as of September 20, 2019, between Global Payments Inc.
Green, incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q filed on October 31, 2019.
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and Robert Cortopassi, incorporated by reference to Exhibit 10.1 to the Company's Current Report on Form 8-K filed on August 6, 2024.
−Removed: 10.35 CORRA Transition Amendment, dated July 3, 2024, to Credit Agreement, dated as of August 19, 2022, among Global Payments Inc., the other borrowers party thereto and Bank of America, N.A., as administrative agent and an L/C Issuer and the other lenders and L/C Issuers party thereto, incorporated by reference to Exhibit 10.
−Removed: 2 to the Company's Current Report on Form 10-Q filed on October 31, 2024 .
+Added: 10.32 CORRA Transition Amendment, dated July 3, 2024, to Credit Agreement, dated as of August 19, 2022, among Global Payments Inc., the other borrowers party thereto and Bank of America, N.A., as administrative agent and an L/C Issuer and the other lenders and L/C Issuers party thereto, incorporated by reference to Exhibit 10.2 to the Company's Current Report on Form 10-Q filed on October 31, 2024.
10.33+ Form of Restricted Stock Award pursuant to the 2011 Amended and Restated Incentive Plan for Executive Officers (calendar 2024), incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on May 1, 2024.
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10.39+ Eighth Amended and Restated Non-Employee Director Compensation Plan dated April 25, 2024, incorporated by reference to Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q filed on August 7, 2024.
−Removed: 19* Insider Trading Policy.
+Added: 10.40+ Global Payments Inc.
+Added: 2025 Incentive Plan, incorporated by reference to Appendix B to the Company’s Definitive Proxy Statement on Schedule 14A filed on March 13, 2025.
+Added: 10.41+ Global Payments Inc.
+Added: Amended and Restated Employee Stock Purchase Plan, incorporated by reference to Appendix C to the Company’s Definitive Proxy Statement on Schedule 14A filed on March 13, 2025.
+Added: 10.42 Credit Agreement, dated as of May 15, 2025, among Global Payments Inc., the other Borrowers party thereto, Bank of America, N.A., as Administrative Agent and an L/C Issuer and the other Lenders and L/C Issuers party thereto, incorporated by reference to Exhibit 10.1 to the Company’s Current Report on Form 8-K filed on May 16, 2025.
+Added: 10.43 Form of Stock Option Award pursuant to the 2025 Incentive Plan for the Executive Officers (calendar 2025), incorporated by reference to Exhibit 10.4 to the Company’s Quarterly Report on Form 10-Q filed on August 6, 2025.
+Added: 10.44 Form of Performance Stock Unit Award Certificate pursuant to the 2025 Incentive Plan for Executive Officers (calendar 2025), incorporated by reference to Exhibit 10.5 to the Company’s Quarterly Report on Form 10-Q filed on August 6, 2025.
+Added: 10.45 Form of Restricted Stock Award Certificate pursuant to the 2025 Incentive Plan for Executive Officers (calendar 2025), incorporated by reference to Exhibit 10.6 to the Company’s Quarterly Report on Form 10-Q filed on August 6, 2025.
+Added: 10.46+ Non-Employee Director Compensation Policy dated April 24, 2025, incorporated by reference to Exhibit 10.7 to the Company’s Quarterly Report on Form 10-Q filed on August 6, 2025.
+Added: 10.47*+ Employment Agreement dated March 30, 2025 between Global Payments Inc.
+Added: and Dara Steele-Belkin
+Added: 10.48*+ Employment Agreement dated May 1, 2025 between Global Payments Inc.
+Added: 10.49*+ Employment Agreement dated January 9, 2026 between Worldpay, LLC and Stella Nichole Viviani
+Added: 19 Insider Trading Policy , incorporated by reference to E x hibit 19 to the Company's Annual report on Form 10- K filed on F ebruary 14, 2025.
21.1* List of Subsidiaries.
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+ Management contract or compensatory plan or arrangement.
−Removed: † Pursuant to Item 601(b)(2) of Regulation S-K, certain schedules have been omitted.
−Removed: The registrant hereby agrees to furnish supplementally a copy of any omitted schedule to the Securities and Exchange Commission upon request.
+Added: † Schedules and similar attachments have been omitted from this filing pursuant to Item 601(a)(5) of Regulation S-K.
+Added: A copy of any omitted schedule or similar attachment will be furnished to the Securities and Exchange Commission upon request.
Index to Exhibits 123
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Troy Woods* Chairman of the Board February 20, 2026
−Removed: /s/ Connie D.
−Removed: McDaniel* Director February 14, 2025
Thaddeus Arroyo* Director February 20, 2026
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Bruno* Director February 20, 2026
+Added: /s/ Archana Deskus* Director February 20, 2026
+Added: Archana Deskus
Johnson* Director February 20, 2026
−Removed: /s/ Ruth Ann Marshall* Director February 14, 2025
−Removed: Ruth Ann Marshall
/s/ Kirsten Kliphouse* Director February 20, 2026
Kirsten Kliphouse
+Added: /s/ Connie D.
+Added: McDaniel* Director February 20, 2026
/s/ Joseph Osnoss* Director February 20, 2026
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Plummer* Director February 20, 2026
−Removed: Turner* Director February 14, 2025
+Added: /s/ Patricia Watson* Director February 20, 2026
+Added: Patricia Watson
/s/ Cameron M.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.