Catenaa, Thursday, April 17, 2025- Global Payments stocks fell by nearly 17% on Thursday after the firm announced the acquisition of payment processing company Worldpay for $24 billion.
Global payments made the acquisition from private equity firm GTCR and the remaining 45% from Fidelity National Information Services (FIS) for $24.25 billion in cash and stock.
Following the acquisition news, Global Payments stock fell by 16.64% by midday, the stock down by 37% in 2025, and 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.
Payment processing companies, which include household names Visa and Mastercard, facilitate financial transactions between customers, businesses and banks. Consumer and business demand for electronic payments and banking has fueled growth within the sector.
FIS stock was up 8.28% by midday, 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.
Payment processing companies, which include household names Visa and Mastercard, facilitate financial transactions between customers, businesses and banks. Consumer and business demand for electronic payments and banking has fueled growth within the sector.
It affirmed its first quarter adjusted earnings per share (EPS) forecast of $2.69, which is slightly below the analyst consensus from Visible Alpha.
