Key Takeaways

Shares of Global Payments ( GPN ) tumbled 17% Thursday after the fintech firm announced the acquisition of payment processing company Worldpay from private equity firm GTCR and the remaining 45% from Fidelity National Information Services ( FIS ) for $24.25 billion in cash and stock.

Global Payments stock, which is down nearly 40% in 2025, was the second-biggest decliner on the S&P 500 in late-morning trading.

Under the terms of the transaction, Global Payments would acquire a 55% stake in Worldpay from GTCR and the remaining 45% from FIS. As part of the deal, FIS will acquire Global Payment's Issuer Solutions division for $13.5 billion.

FIS stock was up 7% in recent trading, among the biggest gainers in the S&P 500.

Global Payments said a combined company with Worldpay would have a customer base of more than 6 million, with roughly $3.7 trillion in annual payment volume across more than 175 countries. It affirmed its first-quarter adjusted earnings per share (EPS) forecast of $2.69, which is slightly below the analyst consensus from Visible Alpha.

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