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Global Payments Inc.

GPN Technology Software Infrastructure

Global Payments Inc.’s revenue for fiscal 2025 (year ended December 2025) was $7.7 billion, roughly unchanged from fiscal 2024.

Revenue
+68.6%
EPS
−95.0%
Free cash flow
−35.8%
Total debt
+39.9%

Quarter to June 2026, against a year earlier

97.25 2.27 +2.39%
Market cap
$25.1B
P/E
0.0×
Fwd P/E
−22.4×
Dividend yield
1.04%
F-score
5/9
Altman Z
0.90
Beneish M
−2.69
Dividend safety
71/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2023

  • Merchant Solutions
  • Consumer Solutions Segment

Every year since 2010 →

Insider Decisions last twelve months

Bought, $m 1.19
Sold, $m 1.09
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — 1 — — — — — — — — —
Sell 2 — — — — — — — — — — —
Insider Ownership 18.55%

Capital & Financial Ratios $m

Size
Market Cap 25,130.00
Revenue ttm 10,206.75
Net income ttm (852.95)
Free cash flow ttm 822.72
Net debt Q 17,009.36
Valuation
P/E 0.00
Forward P/E (22.40) (negative: loss-making)
Price / sales 2.53
Forward P/S Powerpack
Price / FCF 31.42
Price / book 1.09
Financial health
Current ratio Q 0.82 (below 1: weak)
Debt / equity Q 0.94
Interest coverage Q 1.21
Growth
Revenue growth Q +68.63% (above 0%: growing)
Operating income growth Q −14.29% (below 0%: shrinking)
EPS, this year +11.70%
EPS, next year A +18.48% (at or above 15%: strong)
Revenue, next year A +60.29% (at or above 10%: strong)
EPS, past 5 yrs +24.32% (at or above 15%: strong)
EPS, next 5 yrs A +15.74% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.2×, against a ten-year median of 5.3×; over the ten years it ranged from 3.0× in 2016 to 10.4× in 2020.
P/S against its own 10 years 8.36%
10-year low 10-year high
P/B against its own 10 years 17.93%
10-year low 10-year high
EV/Sales against its own 10 years 14.56%
10-year low 10-year high
EV/FCF against its own 10 years 93.35%
10-year low 10-year high

Dividends

Yield
1.04%
Annual rate
1.00
Payout ratio
—
Growth, 2017–25
+48.1%/yr
  1. 0.04 ’17
  2. 0.04 ’18 −8
  3. 0.23 ’19 +463
  4. 0.78 ’20 +247
  5. 0.89 ’21 +14
  6. 1.00 ’22 +12
  7. 1.00 ’23 +0
  8. 1.00 ’24 +0
  9. 1.00 ’25 +0
  10. 1.02 ’26e +2
paid forecast change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,089 2,356 8,336 5,409
Receivables 1,120 788 784 1,577
Inventory — — — —
Other 4,097 1,599 1,477 3,619
8,074 6,031 12,603 11,670
2023 2024 2025 Q'26
Payables 2,825 2,836 2,660 3,707
ST’ Debt 621 1,018 1,921 925
Other 3,699 1,519 1,721 5,935
8,126 6,253 7,457 14,154

Compound Annual Growth %

10y 5y 3y
Sales 10.76% 0.75% (4.96%)
Cash Flow 16.18% 2.80% 5.79%
Earnings 17.82% 19.09% 132.44%
Book Value 23.41% (3.02%) 1.51%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 3.45 Actual 3.46

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 3.23 3.26 Beat by 0.03
Q4 FY25 3.18 3.18 Met by 0.00
Q1 FY26 2.82 2.96 Beat by 0.14
Q2 FY26 3.45 3.46 Beat by 0.01
Q3 FY26 3.57 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (6.59) 0.05 — — —
’25 1.24 0.99 2.64 0.92 5.79
’24 1.22 1.47 1.24 2.25 6.16
’23 (0.04) 1.05 1.39 1.38 3.77
’22 0.87 (2.42) 1.05 0.94 0.40
’21 0.66 0.89 1.01 0.72 3.29
’20 0.48 0.12 0.74 0.61 1.95
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 2,970 3,321 — — —
’25 1,820 1,969 2,008 1,909 7,706
’24 2,420 1,971 1,998 1,347 7,736
’23 2,292 2,452 2,476 159 7,380
’22 2,156 2,281 2,285 2,253 8,976
’21 1,990 2,137 2,202 2,194 8,524
’20 1,904 1,672 1,918 1,930 7,424
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 (289) 663 — — —
’25 555 818 769 515 2,657
’24 530 809 836 883 3,058
’23 600 565 427 959 2,550
’22 630 568 336 710 2,244
’21 599 510 918 753 2,781
’20 437 524 584 769 2,314
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (550) 427 — — —
’25 428 665 599 347 2,039
’24 384 630 669 699 2,383
’23 437 396 257 801 1,892
’22 474 400 197 557 1,628
’21 513 377 787 611 2,288
’20 332 420 463 663 1,878
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 20.3% a year for ten years. It grew 17.8% a year over the last ten.

Implied
20.3%
10 years, reported
17.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 2,898 3,975 3,366 4,912 7,424 8,524 8,976 7,380 7,736 7,706 10,207 +11.5% 12,352 12,996 13,625 +20.9%
Gross margin, % 0.00 51.50 67.47 57.78 50.82 55.73 57.90 71.97 73.71 72.57 63.91 +72.6 pt
EBT 361 393 562 518 594 1,045 224 782 1,530 1,260 602 +14.9%
EBT margin, % 0.00 9.88 16.70 10.54 8.00 12.25 2.50 10.59 19.78 16.35 5.90 +16.4 pt
Net income 290 494 485 469 605 988 143 1,029 1,644 1,456 (853) +19.6%
Per share, $
Per share, $ Revenue 21.91 25.70 21.22 24.77 24.81 29.13 32.62 28.26 30.42 31.89 37.81 +4.3%
Earnings 2.19 3.03 2.85 2.17 1.95 3.30 0.41 3.78 6.18 5.79 (2.97) +11.4%
Cash flow 0.00 3.31 6.97 7.02 7.73 9.50 8.15 9.76 12.02 10.99 6.14 n/m
Capex 0.00 (0.93) (1.34) (1.55) (1.46) (1.69) (2.24) (2.52) (2.65) (2.56) (3.09) n/m
Free cash flow 0.00 2.38 5.63 5.46 6.28 7.82 5.92 7.24 9.37 8.44 3.05 n/m
Book value 0.00 25.64 26.38 141.48 91.86 88.40 81.91 89.15 89.88 97.58 88.02 n/m
Shares, m 132 155 159 198 299 293 275 261 254 242 256 +6.9%
Valuation, ×
Valuation, × P/E 42.24 33.19 36.06 77.36 110.47 41.09 227.73 33.55 18.10 13.34 0.00 63.3
P/S 2.85 3.87 4.86 7.37 8.68 4.64 3.07 4.50 3.68 2.43 2.53 4.6
P/B 3.36 3.88 3.91 1.29 2.35 1.53 1.22 1.43 1.25 0.79 1.09 2.1
EV/Sales 3.85 4.71 6.03 8.89 9.67 5.76 4.35 6.43 5.46 4.13 4.20 5.9
EV/FCF 32.36 50.87 22.72 40.29 38.24 21.45 23.97 25.07 17.73 15.61 52.09 28.8
Cash, $m
Cash, $m Operating cash flow 593 512 1,106 1,391 2,314 2,781 2,244 2,550 3,058 2,657 1,658 +18.1%
Capex (92) (144) (213) (308) (436) (493) (616) (658) (675) (618) (835) +23.6%
Free cash flow 501 368 893 1,083 1,878 2,288 1,628 1,892 2,383 2,039 823 +16.9%
Balance, $m
Balance, $m Working capital 264 488 108 787 43 248 (585) (52) (221) 5,146 (2,484) +39.1%
Net debt 3,276 3,324 3,919 7,447 7,348 9,514 11,461 14,224 13,741 13,126 17,009 +16.7%
Shareholders’ equity 2,779 3,965 4,186 28,055 27,487 25,869 22,540 23,280 22,856 23,578 23,759 +26.8%
Returns, %
Returns, % ROA 2.57 3.96 3.45 1.49 1.32 2.16 0.25 2.07 3.22 2.79 (1.67) +0.2 pt
ROIC 4.39 4.79 5.68 1.39 1.60 2.40 1.18 2.19 3.37 2.99 2.01 (1.4) pt
ROE 9.61 13.89 11.09 2.67 2.10 3.62 0.46 4.30 6.81 6.03 (3.97) (3.6) pt
People
People Employees 8,995 10,000 11,000 24,000 24,000 25,000 25,000 27,000 27,000 26,000 — +12.5%
Revenue/emp, $m 0.00 0.40 0.31 0.20 0.31 0.34 0.36 0.27 0.29 0.30 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 2 Nov 2026

Business profile

Updated

Global Payments helps businesses accept payments and manage parts of their operations. It processes card and digital payments, provides point-of-sale systems used at checkout, and sells software for tasks such as inventory management, reporting and customer engagement. It serves merchants directly and works with financial institutions and software partners that bring its services to their own customers.

The company’s payment technology connects merchants to card networks and card issuers. When a customer pays, Global Payments helps obtain authorization and supports the movement of funds to the merchant. It also offers services for reconciliation, disputes, chargebacks and payment security. Merchants can use its technology in physical stores and digital channels.

Where the money comes from and where it goes Fiscal 2023

Fiscal 2023: revenue by segment, and margins
Merchant Solutions 7,197 97.52%
Consumer Solutions Segment 183 2.48%
Gross margin 71.97%
Operating margin 17.83%
Pre-tax margin 10.59%

Revenue by segment since 2010

Global Payments Inc. vs peers in Software Infrastructure (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
TWLO Twilio Inc. $31.1B 24.3× 22.8× +19.93% (above 0%: growing) +333.33% (above 0%: growing) +54.25% (above 0%: growing) 48.77% 9.53% Compare
CPAY Corpay, Inc. $29.4B 24.5× 20.1× +17.86% (above 0%: growing) +45.06% (above 0%: growing) −71.00% (below 0%: shrinking) 100.00% 44.96% Compare
VRSN VeriSign, Inc. $28.0B 33.5× 32.3× +5.70% (above 0%: growing) +3.51% (above 0%: growing) −13.96% (below 0%: shrinking) 88.76% 66.93% Compare
GPN Global Payments Inc. $25.1B — (loss-making) — (loss-making) +68.63% (above 0%: growing) −94.95% (below 0%: shrinking) −35.83% (below 0%: shrinking) 61.04% 10.15%
MDB MongoDB, Inc. $24.5B 413× 544× +30.50% (above 0%: growing) n/m +94.79% (above 0%: growing) 73.83% 3.68% Compare
CRWV CoreWeave Inc. $24.1B — (loss-making) — (loss-making) +112.46% (above 0%: growing) n/m −112.39% (below 0%: shrinking) 65.86% (1.90%) Compare
IOT Samsara Inc. $24.1B 253× 223× +29.88% (above 0%: growing) n/m +46.50% (above 0%: growing) 77.21% 0.96% Compare
RBRK Rubrik, Inc. $21.9B — (loss-making) — (loss-making) +37.89% (above 0%: growing) n/m +14.13% (above 0%: growing) 78.44% (16.83%) Compare
TOST Toast, Inc. $20.4B 37.6× 33.1× +21.31% (above 0%: growing) +62.17% (above 0%: growing) +18.30% (above 0%: growing) 27.41% 8.33% Compare
Median of peers $24.3B 35.6× 32.7× +25.60% +53.62% +16.22% 75.52% 6.01%

All 183 Software Infrastructure stocks →

From the latest earnings call

Updated

  • Cameron Bready said Worldpay integration had completed its operating-model design and leadership structure, with work continuing on technology, commercial alignment and synergies.
  • Josh Whipple said the company updated its outlook because Middle East travel-portfolio effects were expected to continue through the remainder of 2026.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
Oppenheimer Oct 8, 2026 Upgrade — —

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 105.91%
Held by the ten largest 59.87%
Holder Shares Stake Change
GTCR LLC 43.27m 16.28% 0.00
Vanguard 26.87m 10.11% −155.98k
BlackRock 18.97m 7.14% +76.39k
HARRIS ASSOCIATES L P 12.46m 4.69% +1.01m
Ameriprise (Columbia Threadneedle) 12.18m 4.58% +4.35m
PZENA INVESTMENT MANAGEMENT LLC 11.51m 4.33% +76.05k
State Street 10.51m 3.96% +4.03k
GLENVIEW CAPITAL MANAGEMENT, LLC 8.91m 3.35% +2.55m
Bank of America 7.50m 2.82% +2.69m
Fidelity (FMR) 6.98m 2.62% +1.91m
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 17 March 2026

Ownership

Directors and executive officers, together less than 1%
GTCR W Aggregator LP 15.50%
The Vanguard Group 8.90%
BlackRock, Inc. 6.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Global Payments Inc. (GPN) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · Zacks
Impact 3 · · americanbanker.com
Impact 3 · · Business Wire

3 Nov

Impact 3 · · Zacks

2 Nov

Impact 4 · · electronicpaymentsinternational.com
Impact 3 · · Zacks

1 Nov

Impact 3 · · Trefis

30 Oct

Impact 3 · · TIKR
Impact 3 · · Investing.com

29 Oct

Impact 4 · · Zacks

22 Oct

Impact 3 · · Business Wire

21 Oct

Impact 3 · · Trefis
Impact 3 · · Trefis

18 Oct

Impact 3 · · Barchart

16 Oct

Impact 4 · · Zacks

9 Oct

Impact 3 · · Simply Wall St.

8 Oct

Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

7 Oct

Impact 3 · · Zacks

29 Sep

Impact 4 · · CNW Group

25 Sep

Impact 3 · · Simply Wall St.

24 Sep

Impact 4 · · Zacks

23 Sep

Impact 4 · · Business Wire

21 Sep

Impact 4 · · Zacks

17 Sep

Impact 3 ·

10 Sep

Impact 3 ·

14 Aug

Impact 3 · · Trefis

8 Aug

Impact 4 · · The Motley Fool transcript
Impact 3 · · MarketBeat

GPN metrics, ten years each

stockrow.com/GPN · Data as of Nov 2, 2026 · For information only; not investment advice. · © 2026 stockrow.com