EX-99.1

Exhibit 99.1

LOGO

Global Payments Reports Second Quarter Earnings for Fiscal 2013

Increases EPS Outlook for Full-Year 2013

Doubles Share Repurchase Authorization to $300 Million

ATLANTA, January 8, 2013 — Global Payments Inc. (NYSE: GPN), a leading, worldwide provider of electronic transaction processing solutions, today announced results for its fiscal second quarter ended November 30, 2012.

Second Quarter 2013 Summary

•	Revenue grew 11% to $588.5 million compared to $530.5 million in the second quarter of 2012.

•	Cash diluted earnings per share¹ grew 8% to $0.93 compared to $0.86 in the second quarter of 2012.

•	GAAP diluted earnings per share were $0.89, compared to $0.78 in the second quarter of 2012.

Chairman and CEO Paul R. Garcia said, “We are pleased with our solid performance in the quarter and the recent completion of the two previously announced acquisitions, Accelerated Payment Technologies in October, and the remaining 44% ownership interest in the Asia-Pacific joint venture from HSBC in December. We have also increased our full-year cash EPS expectation to a range of $3.61 to $3.68.

“Additionally, I am delighted to announce that we have essentially completed our remediation work as anticipated and the required documentation is in the process of being provided to the Qualified Security Assessor for verification. This verification allows the Networks to evaluate the results and return us to the list of PCI compliant service providers,” concluded Garcia.

Share Repurchase Authorization

The Board of Directors approved an additional $150 million share repurchase authorization of Global Payments’ stock which increased the current $150 million share repurchase authorization to a total of $300 million. As of January 8, 2013, $287 million remains available. Under this program, Global Payments may repurchase shares in the open market or as otherwise may be determined by the company, subject to market conditions, business opportunities and other factors. Repurchased shares will be retired but will be available for future issuance.

¹	See Schedule 2 for Cash Earnings and Schedules 6 and 7 for Reconciliations of Cash Earnings to GAAP.

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David Mangum, Senior Executive Vice President and CFO, stated, “We are pleased with the increase in the share repurchase authorization and we expect to execute on our buyback plans. With the recently increased financing capacity we completed in the second quarter of 2013, we have significant capital flexibility to drive organic growth, acquisitions and on-going share repurchases.”

Acquisition Closings and Funding

Global Payments closed the Accelerated Payment Technologies (APT) acquisition for $413 million on October 1, 2012. APT is an innovative provider of fully-integrated payment technology solutions for small to medium sized merchants. The company also closed on a new five-year senior unsecured term loan facility of $700 million and increased its existing senior unsecured revolving credit facility by $150 million. In addition, effective December 1, 2012, the company completed its previously announced acquisition of the remaining 44% ownership interest in the Asia-Pacific joint venture for $242 million. Global Payments will continue to be HSBC’s preferred strategic partner for card acquiring services in Asia-Pacific, covering 11 markets.

2013 Outlook

For the full-year of fiscal 2013, the company continues to expect annual revenue of $2,360 million to $2,400 million, or 7% to 9% growth over fiscal 2012.

Annual expectations for fiscal 2013 diluted earnings per share on a cash basis are now increased to a range of $3.61 to $3.68, or growth of 2% to 4% over fiscal 2012. On a constant currency basis, the company continues to expect revenue to grow 8% to 10% and diluted earnings per share on a cash basis to grow 5% to 7%.

Annual fiscal 2013 GAAP diluted earnings per share, excluding the impact of all intrusion remediation costs, are expected to be in a range of $3.01 to $3.08.

Both cash and GAAP diluted earnings per share expectations exclude the impact of any potential future share repurchases.

For reconciliation of Cash Earnings to GAAP and constant currency, see schedule 9.

Conference Call

Global Payments will hold a conference call today, January 8, 2013 at 5:00 p.m. EST to discuss financial results and business highlights. Callers may access the conference call via the investor relations page of the company’s website at www.globalpaymentsinc.com by clicking the “Webcast” button; or callers in North America may dial 1-888-895-3550 and callers outside North America may dial 1-706-758-8809. The pass code is “GPN.” A replay of the call may be accessed through the Global Payments website through January 21, 2013.

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About Global Payments

Global Payments Inc. (NYSE:GPN) is a leading provider of electronic transaction processing services for merchants, Independent Sales Organizations (ISOs), financial institutions, government agencies and multi-national corporations located throughout the United States, Canada, Europe and the Asia-Pacific region. Global Payments, a Fortune 1000 company, offers a comprehensive line of processing solutions for credit and debit cards, business-to-business purchasing cards, gift cards, electronic check conversion and check guarantee, verification and recovery including electronic check services, as well as terminal management. Visit www.globalpaymentsinc.com for more information about the company and its services.

This announcement and comments made by Global Payments’ management during the conference call may contain certain forward-looking statements within the meaning of the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including revenue and earnings estimates and management’s expectations regarding future events and developments, are forward-looking statements and are subject to significant risks and uncertainties. Important factors that may cause actual events or results to differ materially from those anticipated by such forward-looking statements include the following: the effect on our results of operations of the remediation efforts resulting from the unauthorized access to our processing system announced in March 2012; foreign currency risks which become increasingly relevant as we expand internationally; the effect of current domestic and worldwide economic conditions, including sovereign insolvency situations and a decline in the value of the U.S. dollar, and future performance and integration of acquisitions including APT, and other risks detailed in the company’s SEC filings, including the most recently filed Form Form 10-K, as applicable. The company undertakes no obligation to revise any of these statements to reflect future circumstances or the occurrence of unanticipated events.


Investor contact:	investor.relations@globalpay.com	Media contact:	media.relations@globalpay.com
Jane Elliott	Kay Sharpton	Amy Corn
770-829-8234	770-829-8870	770-829-8755

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SCHEDULE 1

GAAP CONSOLIDATED STATEMENTS OF INCOME

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)


	Three Months Ended November 30,									Six Months Ended November 30,
	2012			2011			% Change			2012			2011			% Change
	(unaudited)
Revenues	$	588,538		$	530,505			11%		$	1,178,825		$	1,073,276			10%

Operating expenses:
Cost of service		210,268			185,931			13%			414,659			377,467			10%
Sales, general and administrative		276,177			247,994			11%			557,596			490,619			14%
Processing system intrusion		(14,489	)		—			NM			9,500			—			NM

		471,956			433,925			9%			981,755			868,086			13%

Operating income		116,582			96,580			21%			197,070			205,190			(4%	)

Other income (expense):
Interest and other income		2,187			2,259			(3%	)		4,170			4,760			(12%	)
Interest and other expense		(14,609	)		(4,878	)		199%			(18,154	)		(8,965	)		102%

		(12,422	)		(2,619	)		374%			(13,984	)		(4,205	)		233%


Income before income taxes		104,160			93,961			12%			183,086			200,985			(9%	)
Provision for income taxes		(28,789	)		(25,812	)		12%			(53,553	)		(60,755	)		(12%	)

Net income		75,371			68,149			11%			129,533			140,230			(8%	)
Less: Net income attributable to noncontrolling interests, net of tax		(5,188	)		(6,968	)		(26%	)		(12,675	)		(15,075	)		(16%	)

Net income attributable to Global Payments	$	70,183		$	61,181			15%		$	116,858		$	125,155			(7%	)


Earnings per share attributable to Global Payments:
Basic	$	0.89		$	0.78			14%		$	1.49		$	1.58			(6%	)
Diluted	$	0.89		$	0.78			14%		$	1.48		$	1.57			(6%	)

Weighted average shares outstanding:
Basic		78,751			78,348						78,669			79,207
Diluted		79,144			78,876						79,062			79,831

NM—Not Meaningful

SCHEDULE 2

CASH EARNINGS ATTRIBUTABLE TO GLOBAL PAYMENTS

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)


	Three Months Ended November 30,									Six Months Ended November 30,
	2012			2011			% Change			2012			2011			% Change
Revenues	$	588,538		$	530,505			11%		$	1,178,825		$	1,073,276			10%

Operating expenses:
Cost of service		195,932			173,778			13%			388,937			352,671			10%
Sales, general and administrative		276,177			247,994			11%			556,796			490,619			13%

		472,109			421,772			12%			945,733			843,290			12%

Operating income		116,429			108,733			7%			233,092			229,986			1%

Other income (expense):
Interest and other income		2,187			2,259			(3%	)		4,170			4,760			(12%	)
Interest and other expense		(6,226	)		(4,878	)		28%			(9,771	)		(8,965	)		9%

		(4,039	)		(2,619	)		54%			(5,601	)		(4,205	)		33%


Income before income taxes		112,390			106,114			6%			227,491			225,781			1%
Provision for income taxes		(29,385	)		(29,569	)		(1%	)		(65,938	)		(68,251	)		(3%	)

Net income		83,005			76,545			8%			161,553			157,530			3%
Less: Net income attributable to noncontrolling interests, net of tax		(9,419	)		(8,913	)		6%			(19,171	)		(19,085	)		0%

Net income attributable to Global Payments	$	73,586		$	67,632			9%		$	142,382		$	138,445			3%


Basic earnings per share	$	0.93		$	0.86			8%		$	1.81		$	1.75			3%

Diluted earnings per share	$	0.93		$	0.86			8%		$	1.80		$	1.73			4%


Weighted average shares outstanding:
Basic		78,751			78,348						78,669			79,207
Diluted		79,144			78,876						79,062			79,831

NM—Not Meaningful

See Schedules 6 and 7 for a reconciliation of cash earnings to GAAP.

SCHEDULE 3

SEGMENT INFORMATION

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)


	Three Months Ended November 30,
	2012						2011						% Change
	GAAP			Cash Earnings			GAAP			Cash Earnings			GAAP			Cash Earnings
Revenues:
United States	$	339,998		$	339,998		$	293,416		$	293,416			16%			16%
Canada		80,770			80,770			85,521			85,521			(6%	)		(6%	)

North America merchant services		420,768			420,768			378,937			378,937			11%			11%

Europe		131,161			131,161			115,169			115,169			14%			14%
Asia-Pacific		36,609			36,609			36,399			36,399			1%			1%

International merchant services		167,770			167,770			151,568			151,568			11%			11%

Total revenues	$	588,538		$	588,538		$	530,505		$	530,505			11%			11%


Operating income:
North America merchant services	$	67,114		$	73,280		$	70,673		$	73,495			(5%	)		(0%	)
International merchant services		53,987			62,157			44,494			53,825			21%			15%
Corporate¹		(4,519	)		(19,008	)		(18,587	)		(18,587	)		76%			(2%	)

Operating income	$	116,582		$	116,429		$	96,580		$	108,733			21%			7%


	Six Months Ended November 30,
	2012						2011						% Change
	GAAP			Cash Earnings			GAAP			Cash Earnings			GAAP			Cash Earnings
Revenues:
United States	$	685,896		$	685,896		$	580,841		$	580,841			18%			18%
Canada		161,667			161,667			176,742			176,742			(9%	)		(9%	)

North America merchant services		847,563			847,563			757,583			757,583			12%			12%

Europe		259,626			259,626			244,583			244,583			6%			6%
Asia-Pacific		71,636			71,636			71,110			71,110			1%			1%

International merchant services		331,262			331,262			315,693			315,693			5%			5%

Total revenues	$	1,178,825		$	1,178,825		$	1,073,276		$	1,073,276			10%			10%


Operating income:
North America merchant services	$	134,331		$	144,723		$	142,431		$	148,111			(6%	)		(2%	)
International merchant services		111,127			127,201			100,152			119,268			11%			7%
Corporate¹		(48,388	)		(38,832	)		(37,393	)		(37,393	)		(29%	)		(4%	)

Operating income	$	197,070		$	233,092		$	205,190		$	229,986			(4%	)		1%

¹ Fiscal 2013 GAAP amounts include a processing intrusion credit of $14.5 million for the three months ended November 30, 2012 and processing system intrusion costs of $9.5 million for the six months ended November 30, 2012.

See Schedule 8 for reconciliation of cash earnings segment information to GAAP.

SCHEDULE 4

CONSOLIDATED BALANCE SHEETS

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)


	November 30, 2012		May 31, 2012
	(unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	998,261	$	781,275
Accounts receivable, net of allowances for doubtful accounts of $833 and $532, respectively		183,256		182,962
Claims receivable, net of allowance for losses of $3,786 and $3,435, respectively		968		1,029
Settlement processing assets		237,640		217,994
Inventory		14,147		9,864
Deferred income taxes		6,464		21,969
Prepaid expenses and other current assets		49,184		33,646

Total current assets		1,489,920		1,248,739

Goodwill		1,059,520		724,687
Other intangible assets, net of accumulated amortization of $267,956 and $235,296, respectively		416,170		290,188
Property and equipment, net of accumulated depreciation of $179,846 and $161,911, respectively		338,195		305,848
Deferred income taxes		97,966		97,235
Other		26,950		21,446

Total assets	$	3,428,721	$	2,688,143


LIABILITIES AND EQUITY
Current liabilities:
Lines of credit	$	212,399	$	215,391
Current portion of long-term debt		102,425		76,420
Commitment to purchase redeemable noncontrolling interest		242,000		—
Accounts payable and accrued liabilities		244,499		316,313
Settlement processing obligations		228,711		216,878
Income taxes payable		7,436		12,283

Total current liabilities		1,037,470		837,285

Long-term debt		777,988		236,565
Deferred income taxes		167,365		106,644
Other long-term liabilities		71,097		62,306

Total liabilities		2,053,920		1,242,800


Commitments and contingencies

Redeemable noncontrolling interest		—		144,422

Equity:
Preferred stock, no par value; 5,000,000 shares authorized and none issued		—		—
Common stock, no par value; 200,000,000 shares authorized; 78,724,622 and 78,551,297 issued and outstanding at November 30, 2012 and May 31, 2012, respectively.		—		—
Paid-in capital		257,554		358,728
Retained earnings		957,978		843,456
Accumulated other comprehensive income (loss)		18,432		(30,000	)

Total Global Payments shareholders’ equity		1,233,964		1,172,184

Noncontrolling interest		140,837		128,737

Total equity		1,374,801		1,300,921


Total liabilities and equity	$	3,428,721	$	2,688,143

SCHEDULE 5

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)



	Six Months Ended November 30,
	2012			2011
Cash flows from operating activities:
Net income	$	129,533		$	140,230
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization of property and equipment		26,494			23,444
Amortization of acquired intangibles		25,561			24,796
Share-based compensation expense		9,178			8,425
Provision for operating losses and bad debts		11,970			13,061
Deferred income taxes		30,055			5,915
Other, net		(2,231	)		(100	)
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable		721			3,897
Claims receivable		(6,600	)		(7,880	)
Settlement processing assets and obligations, net		(11,671	)		(499,849	)
Inventory		(4,297	)		(4,212	)
Prepaid expenses and other assets		(11,204	)		62
Accounts payable and other accrued liabilities		(67,869	)		(31,257	)
Income taxes payable		(4,847	)		9,402

Net cash provided by (used in) operating activities		124,793			(314,066	)


Cash flows from investing activities:
Business, intangible and other asset acquisitions, net of cash acquired		(409,731	)		(7,000	)
Capital expenditures		(54,393	)		(35,146	)
Net decrease in financing receivables		1,485			1,203

Net cash used in investing activities		(462,639	)		(40,943	)


Cash flows from financing activities:
Net payments on short-term lines of credit		(2,992	)		(45,069	)
Proceeds from issuance of long-term debt		910,327			71,374
Principal payments under long-term debt		(343,133	)		(131,345	)
Payment of debt issuance costs		(3,987	)		—
Proceeds from stock issued under employee stock plans		7,080			(768	)
Common stock repurchased—share-based compensation plans		(10,224	)		—
Repurchase of common stock		(12,653	)		(99,604	)
Tax benefit from employee share-based compensation		1,791			1,436
Distribution to noncontrolling interests		(5,740	)		(4,660	)
Dividends paid		(3,153	)		(3,169	)

Net cash provided by (used in) financing activities		537,316			(211,805	)


Effect of exchange rate changes on cash		17,516			(16,611	)


Increase (decrease) in cash and cash equivalents		216,986			(583,425	)
Cash and cash equivalents, beginning of period		781,275			1,354,285

Cash and cash equivalents, end of period	$	998,261		$	770,860

SCHEDULE 6

RECONCILIATION OF QUARTERLY CASH EARNINGS ATTRIBUTABLE TO GLOBAL PAYMENTS TO GAAP

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)



	Three Months Ended November 30, 2012
	GAAP			Processing System Intrusion			Other²			Cash Earnings Adjustments¹			Cash Earnings


Revenues	$	588,538		$	—		$	—		$	—		$	588,538

Operating expenses:
Cost of service		210,268			—			—			(14,336	)		195,932
Sales, general and administrative		276,177			—			—			—			276,177
Processing system intrusion		(14,489	)		14,489			—			—			—

		471,956			14,489			—			(14,336	)		472,109


Operating income		116,582			(14,489	)		—			14,336			116,429

Other income (expense):
Interest and other income		2,187			—			—			—			2,187
Interest and other expense		(14,609	)		—			8,383			—			(6,226	)

		(12,422	)		—			8,383			—			(4,039	)


Income before income taxes		104,160			(14,489	)		8,383			14,336			112,390
Provision for income taxes		(28,789	)		5,000			(1,383	)		(4,213	)		(29,385	)

Net income		75,371			(9,489	)		7,000			10,123			83,005
Less: Net income attributable to noncontrolling interests, net of tax		(5,188	)		—			(2,853	)		(1,378	)		(9,419	)

Net income attributable to Global Payments	$	70,183		$	(9,489	)	$	4,147		$	8,745		$	73,586


Diluted shares		79,144												79,144
Diluted earnings per share	$	0.89		$	(0.12	)	$	0.05		$	0.11		$	0.93


	Three Months Ended November 30, 2011
	GAAP									Cash Earnings Adjustments¹			Cash Earnings


Revenues	$	530,505								$	—		$	530,505

Operating expenses:
Cost of service		185,931									(12,153	)		173,778
Sales, general and administrative		247,994									—			247,994

		433,925									(12,153	)		421,772


Operating income		96,580									12,153			108,733

Other income (expense):
Interest and other income		2,259									—			2,259
Interest and other expense		(4,878	)								—			(4,878	)

		(2,619	)								—			(2,619	)


Income before income taxes		93,961									12,153			106,114
Provision for income taxes		(25,812	)								(3,757	)		(29,569	)

Net income		68,149									8,396			76,545
Less: Net income attributable to noncontrolling interests, net of tax		(6,968	)								(1,945	)		(8,913	)

Net income attributable to Global Payments	$	61,181								$	6,451		$	67,632


Diluted shares		78,876												78,876
Diluted earnings per share	$	0.78								$	0.08		$	0.86

¹ Represents adjustments to cost of service to exclude acquisition intangible amortization expense and the related income tax benefit.

² Represents HSBC’s share of GPAP dividends declared.

We supplemented our reporting of net income and the related earnings per share information determined in accordance with GAAP by reporting net income and the related earnings per share for the three months ended November 30, 2012 and 2011 on a “cash earnings” basis in this earnings release as a measure to help evaluate performance. We calculated November 30,2012 net income and earnings per share on a cash basis by excluding credits related to the processing system intrusion and acquisition intangible amortization. We also adjusted the net income attributable to noncontrolling interests to include HSBC’s share of second quarter 2013 GPAP net income. We calculated November 30, 2011 net income and earnings per share on a cash basis by excluding acquisition intangible amortization from our results. We exclude these charges in order to more clearly focus on the factors we believe are pertinent to the daily management of our operations. Our net income and earnings per share reported on a cash earnings basis should be considered in addition to, and not as a substitute for, net income and earnings per share determined in accordance with GAAP. Our measures of net income and earnings per share on a cash earnings basis reflect management’s judgment of particular items, and may not be comparable to similarly titled measures reported by other companies.

SCHEDULE 7

RECONCILIATION OF YEAR TO DATE CASH EARNINGS ATTRIBUTABLE TO GLOBAL PAYMENTS TO GAAP

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands, except per share data)



	Six Months Ended November 30, 2012
	GAAP			Processing System Intrusion			Other²			Cash Earnings Adjustments¹			Cash Earnings


Revenues	$	1,178,825		$	—		$	—		$	—		$	1,178,825

Operating expenses:
Cost of service		414,659			—			(161	)		(25,561	)		388,937
Sales, general and administrative		557,596			—			(800	)		—			556,796
Processing system intrusion		9,500			(9,500	)		—			—			—

		981,755			(9,500	)		(961	)		(25,561	)		945,733


Operating income		197,070			9,500			961			25,561			233,092

Other income (expense):
Interest and other income		4,170			—			—			—			4,170
Interest and other expense		(18,154	)		—			8,383			—			(9,771	)

		(13,984	)		—			8,383			—			(5,601	)


Income before income taxes		183,086			9,500			9,344			25,561			227,491
Provision for income taxes		(53,553	)		(3,279	)		(1,533	)		(7,573	)		(65,938	)

Net income		129,533			6,221			7,811			17,988			161,553
Less: Net income attributable to noncontrolling interests, net of tax		(12,675	)		—			(3,594	)		(2,902	)		(19,171	)

Net income attributable to Global Payments	$	116,858		$	6,221		$	4,217		$	15,086		$	142,382


Diluted shares		79,062												79,062
Diluted earnings per share	$	1.48		$	0.08		$	0.05		$	0.19		$	1.80


	Six Months Ended November 30, 2011
	GAAP									Cash Earnings Adjustments¹			Cash Earnings


Revenues	$	1,073,276								$	—		$	1,073,276

Operating expenses:
Cost of service		377,467									(24,796	)		352,671
Sales, general and administrative		490,619									—			490,619

		868,086									(24,796	)		843,290


Operating income		205,190									24,796			229,986

Other income (expense):
Interest and other income		4,760									—			4,760
Interest and other expense		(8,965	)								—			(8,965	)

		(4,205	)								—			(4,205	)


Income before income taxes		200,985									24,796			225,781
Provision for income taxes		(60,755	)								(7,496	)		(68,251	)

Net income		140,230									17,300			157,530
Less: Net income attributable to noncontrolling interests, net of tax		(15,075	)								(4,010	)		(19,085	)

Net income attributable to Global Payments	$	125,155								$	13,290		$	138,445


Diluted shares		79,831												79,831
Diluted earnings per share	$	1.57		$	—		$	—		$	0.18		$	1.73

¹ Represents adjustments to cost of service to exclude acquisition intangible amortization expense and the related income tax benefit.

² Represents HSBC’s share of GPAP dividends declared and one-time charges primarily related to employee termination benefits.

We supplemented our reporting of net income and the related earnings per share information determined in accordance with GAAP by reporting net income and the related earnings per share for the six months ended November 30, 2012 and 2011 on a “cash earnings” basis in this earnings release as a measure to help evaluate performance. We calculated November 30,2012 net income and earnings per share on a cash basis by excluding costs related to the processing system intrusion, acquisition intangible amortization and one-time charges related to employee termination benefits. We also adjusted the net income attributable to noncontrolling interests to include HSBC’s share of August 2012 through November 2012 GPAP net income. We calculated November 30, 2011 net income and earnings per share on a cash basis by excluding acquisition intangible amortization from our results. We exclude these charges in order to more clearly focus on the factors we believe are pertinent to the daily management of our operations. Our net income and earnings per share reported on a cash earnings basis should be considered in addition to, and not as a substitute for, net income and earnings per share determined in accordance with GAAP. Our measures of net income and earnings per share on a cash earnings basis reflect management’s judgment of particular items, and may not be comparable to similarly titled measures reported by other companies.

SCHEDULE 8

RECONCILIATION OF CASH EARNINGS SEGMENT INFORMATION TO GAAP

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In thousands)


	Three Months Ended November 30,
	2012													2011
	GAAP			Processing System Intrusion			Other		Cash Earnings Adjustments¹		Cash Earnings			GAAP			Cash Earnings Adjustments¹		Cash Earnings

Revenues:
United States	$	339,998		$	—		$	—	$	—	$	339,998		$	293,416		$	—	$	293,416
Canada		80,770			—			—		—		80,770			85,521			—		85,521

North America merchant services		420,768			—			—		—		420,768			378,937			—		378,937

Europe		131,161			—			—		—		131,161			115,169			—		115,169
Asia-Pacific		36,609			—			—		—		36,609			36,399			—		36,399

International merchant services		167,770			—			—		—		167,770			151,568			—		151,568

Total revenues	$	588,538		$	—		$	—	$	—	$	588,538		$	530,505		$	—	$	530,505


Operating income:
North America merchant services	$	67,114		$	—				$	6,166	$	73,280		$	70,673		$	2,822	$	73,495
International merchant services		53,987			—					8,170		62,157			44,494			9,331		53,825
Corporate		(4,519	)		(14,489	)				—		(19,008	)		(18,587	)		—		(18,587	)

Operating income	$	116,582		$	(14,489	)	$	—	$	14,336	$	116,429		$	96,580		$	12,153	$	108,733


	Six Months Ended November 30,
	2012													2011
	GAAP			Processing System Intrusion			Other²		Cash Earnings Adjustments¹		Cash Earnings			GAAP			Cash Earnings Adjustments¹		Cash Earnings

Revenues:
United States	$	685,896		$	—		$	—	$	—	$	685,896		$	580,841		$	—	$	580,841
Canada		161,667			—			—		—		161,667			176,742			—		176,742

North America merchant services		847,563			—			—		—		847,563			757,583			—		757,583

Europe		259,626			—			—		—		259,626			244,583			—		244,583
Asia-Pacific		71,636			—			—		—		71,636			71,110			—		71,110

International merchant services		331,262			—			—		—		331,262			315,693			—		315,693

Total revenues	$	1,178,825		$	—		$	—	$	—	$	1,178,825		$	1,073,276		$	—	$	1,073,276


Operating income:
North America merchant services	$	134,331		$	—		$	905	$	9,487	$	144,723		$	142,431		$	5,680	$	148,111
International merchant services		111,127			—			—		16,074		127,201			100,152			19,116		119,268
Corporate		(48,388	)		9,500			56		—		(38,832	)		(37,393	)		—		(37,393	)

Operating income	$	197,070		$	9,500		$	961	$	25,561	$	233,092		$	205,190		$	24,796	$	229,986

¹ Represents acquisition intangible amortization expense.

² Represents one-time charges primarily related to employee termination benefits.

SCHEDULE 9

OUTLOOK SUMMARY

GLOBAL PAYMENTS INC. AND SUBSIDIARIES

(In millions, except per share data)


	Fiscal 2012 Actual			Fiscal 2013 Outlook	% Change FY12
Revenue Outlook

Constant currency¹	$	2,204		$2,385 to $2,425	8% to 10%
Foreign currency impact²		NA		($25)

Total Revenues	$	2,204		$2,360 to $2,400	7% to 9%

EPS Outlook

Constant currency¹	$	3.53		$3.69 to $3.76	5% to 7%
Foreign currency impact²		NA		($0.08)

Cash EPS	$	3.53		$3.61 to $3.68	2% to 4%
Acquisition-related intangibles and non-recurring items³		(0.48	)	($0.60)	25%
Processing system intrusion		(0.68	)	TBD*	NM

GAAP Diluted EPS	$	2.37		$3.01 to $3.08	27% to 30%

We supplement our fiscal 2013 outlook of total revenues and earnings per share information determined in accordance with GAAP by reporting revenues and earnings per share on a “constant currency” basis in this earnings release as a measure to help evaluate performance. We calculated revenues and earnings per share on a constant currency basis by converting our fiscal 2013 expected revenues and expenses at fiscal 2012 exchange rates. We exclude the impact of exchange rate fluctuations in order to more clearly focus on the factors we believe are pertinent to the daily management of our operations, and our management uses constant currency measures to evaluate the impact of operational business decisions. Our revenues and earnings per share reported on a constant currency basis should be considered in addition to, and not as a substitute for, revenues and earnings per share determined in accordance with GAAP. Our measures of revenues and earnings per share on a constant currency basis reflect management’s judgment of particular items, and may not be comparable to similarly titled measures reported by other companies.

¹ Reflects current period and forecasted results on a pro forma basis as if foreign currency rates did not change from the comparable prior year period.

² Reflects the impact of actual and forecasted changes in foreign currency rates from the comparable prior year period.

³ Fiscal 2013 reflects $0.56 of acquisition-related intangibles and $0.04 of non-recurring items. Acquisition-related intangibles accounted for $0.35 in fiscal 2012 and non-recurring items $0.13.

* Not able to accurately estimate 2013 charges for processing system intrusion, remediation, true-ups, etc. We currently anticipate that such additional costs may be $25 to $35 million in fiscal 2013 which reflects a $31.5 million reduction of the Company’s original estimate of fraud losses, fines and other charges resulting in total processing system intrusion costs for six months ended November 30, 2012 of $9.5 million. Insurance proceeds of up to $28 million may possibly occur in fiscal 2014 rather than 2013.

NA = Not Applicable

NM = Not Meaningful