tm267259-1_424b5 - none

424B5 1 tm267259-1_424b5.htm 424B5 tm267259-1_424b5 - none - 5.4728837s

The information in this preliminary prospectus supplement is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities and are not soliciting an offer to buy these securities in any jurisdiction where the offer and sale are not permitted.

Filed Pursuant to Rule 424(b)(5)

Registration No. 333-291270

SUBJECT TO COMPLETION
DATED MARCH 5, 2026

PRELIMINARY PROSPECTUS SUPPLEMENT
(To Prospectus dated November 5, 2025)

$ % Senior Notes due 20
$ % Senior Notes due 20

Global Payments Inc. (“Global Payments” or the “Company”) is offering $ principal amount of its % Senior Notes due 20 (the “20 notes”) and $ principal amount of its % Senior Notes due 20 (the “20 notes” and, together with the 20 notes, the “notes”). The 20 notes will mature on , 20 , and the 20 notes will mature on , 20 , in each case, unless earlier redeemed or repurchased by us. Global Payments will pay interest on the notes semi-annually in arrears on and of each year, beginning on , 2026.

The Company may, at its option, redeem each series of the notes, in whole or in part, at any time and from time to time at the applicable redemption prices described in this prospectus supplement in “Description of the Notes — Optional redemption.” The Company must offer to repurchase the notes upon the occurrence of a Change of Control Repurchase Event (as defined in “Description of the Notes — Change of control”) at the price described in this prospectus supplement in “Description of the Notes — Change of control.”

Each series of the notes is a new issue of securities with no established trading market. The Company has no intention to apply to list the notes on any securities exchange or to seek their admission to trading on any automated quotation system.

Investing in the notes involves risks. See section entitled “Risk Factors” beginning on page S-4 of this prospectus supplement and the risk factors incorporated by reference into this prospectus supplement and the accompanying prospectus.

Neither the Securities and Exchange Commission (the “SEC”) nor any state securities commission has approved or disapproved of these securities or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.

Price to Public(1)

Underwriting Discounts

Proceeds to Global Payments
Before Expenses

Per Note

Total

Per Note

Total

Per Note

Total

Per 20 note

Total

(1)

Plus accrued interest if any, from , 2026, if settlement occurs after that date.

We expect to deliver the notes to investors in registered book-entry only form through the facilities of The Depository Trust Company (“DTC”) on or about , 2026. Beneficial interests in the notes will be shown on, and transfers thereof will be effected only through, records maintained by DTC and its direct and indirect participants, including Clearstream Banking, S.A. and Euroclear Bank S.A./N.V., as operator of the Euroclear System.

Joint Book-Running Managers

Barclays

BofA Securities

J.P. Morgan

The date of this prospectus supplement is , 2026.

	Page
ABOUT THIS PROSPECTUS SUPPLEMENT		S-ii
WHERE YOU CAN FIND MORE INFORMATION		S-iii
FORWARD-LOOKING STATEMENTS		S-v
SUMMARY		S-1
RISK FACTORS		S-4
USE OF PROCEEDS		S-7
CAPITALIZATION		S-8
DESCRIPTION OF THE NOTES		S-9
CERTAIN U.S. FEDERAL INCOME TAX CONSIDERATIONS		S-26
UNDERWRITING		S-30
VALIDITY OF THE NOTES		S-35
EXPERTS		S-35

	Page
ABOUT THIS PROSPECTUS		1
WHERE YOU CAN FIND MORE INFORMATION		2
FORWARD-LOOKING STATEMENTS		3
THE COMPANY		3
INDUSTRY AND MARKET DATA		4
RISK FACTORS		4
USE OF PROCEEDS		4
DESCRIPTION OF DEBT SECURITIES, COMMON STOCK, PREFERRED STOCK AND DEPOSITARY SHARES		4
LEGAL MATTERS		4
EXPERTS		5

	As of December 31, 2025
(in thousands)	Actual			As Adjusted
	(unaudited)
Revolving Credit Facility		$	1,515,000		$
Existing senior notes(1)			16,344,627
Convertible notes(1)			3,445,436			3,445,436
Commercial paper			—			—
Notes offered hereby:
% Senior Notes due 20			—
% Senior Notes due 20			—
Finance lease liabilities			29,745			29,745
Other borrowings			273,005			273,005
Total debt (including current maturities)			21,607,813
Total equity			23,578,478			23,578,478
Total capitalization		$	45,186,291		$

SEC Form 424B5 filed by Global Payments Inc.