Payment processors such ⁠as Global Payments are feeling the squeeze ​as the conflict in the Middle East disrupts ​global travel, reducing travel-related spending and cross-border transactions.

Consumer spending levels directly affect the earnings of payment technology companies.

The ​company provides technology, software and other services ​that allow its customers to accept card, check and ‌digital ⁠payments.

The company now expects normalized constant currency adjusted net revenue growth of about 4% to 5% and adjusted earnings per share between $13.60 and $13.80 ​for full ​year 2026.

It ⁠previously forecast adjusted net revenue growth of approximately 5% and adjusted ​profit between $13.80 and $14 per share.

Quarterly net profit ​attributable ⁠to the company, however, rose to $934.31 million, or $3.46 per share, on an adjusted basis in ⁠the ​three months ended June 30, ​compared with $754.19 million, or $3.10 per share, a year earlier.