A Business at a Glance
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GLOBAL PAYMENTS INC
GPN
$19.6B
Mkt Cap
$80.92
+3.93%
GLOBAL PAYMENTS INC (GPN) has a current P/E ratio of 14.0, compared to its historical median P/E of 32.9. The stock is currently considered Fair based on its historical valuation range.
GLOBAL PAYMENTS INC (GPN) has a 5-year average return on invested capital (ROIC) of 2.8%. This is below average and may indicate limited pricing power.
GLOBAL PAYMENTS INC (GPN) has a market capitalization of $22.1B. It is classified as a large-cap stock.
Yes, GLOBAL PAYMENTS INC (GPN) pays a dividend with a trailing twelve-month yield of 1.11%. The company also returns capital through share buybacks, with a buyback yield of 5.85%.
Based on historical P/E analysis, GLOBAL PAYMENTS INC (GPN) appears fair. The current P/E of 14.0 is 57% below its historical median of 32.9. The estimated fair value CAGR (P/E method) is 13.9%.
GLOBAL PAYMENTS INC (GPN) operates in the Services-Business Services, Nec industry, within the Industrials sector.
GLOBAL PAYMENTS INC (GPN) reported annual revenue of $7.7 billion in its most recent fiscal year, based on SEC EDGAR filings.
Global Payments is a leading pure-play payments technology company delivering software and services to financial institutions, businesses, and consumers across North America, Europe, Asia-Pacific, and Latin America. The company operates through its Merchant Solutions segment, providing payment processing services (card, check, and digital-based payments), business management software including point-of-sale systems, and commerce enablement solutions such as data analytics, human capital management, and inventory management. Revenue is primarily generated through transaction-based fees (as a percentage of transaction value or per-transaction charges), software subscription and licensing fees, and value-added service fees; the company operates under both sponsorship and direct membership models with payment networks, managing authorization, settlement, and funding services for merchants globally. Global Payments distributes its solutions through three business pillars—Point-of-Sale and Software Solutions (including the unified Genius platform), Integrated and Embedded Solutions (embedded into third-party software), and Core Payments Solutions (direct sales and referral partnerships)—leveraging a diverse distribution network including direct sales teams, financial institution partnerships, and indirect channels. The company's competitive differentiation rests on its global scale (processing nearly $4 trillion in annual volume across 100 billion transactions), unified technology platform, extensive vertical expertise across restaurant, retail, education, real estate, and professional services, and significant annual investment capacity of approximately $1 billion in commerce technology innovation.
【Integration and synergy realization】 Management is executing the integration of Worldpay following its January 2026 acquisition, with the combined entity establishing a unified operating model and go-to-market structure within the first 100 days post-close. The company expects to realize $70–80 million in cost synergies during 2026 and $600 million cumulatively over the integration period, with accelerating benefits anticipated in the second half of 2026 as technology consolidation and operational efficiencies take hold. Management is prioritizing geographic expansion of the Genius platform into new markets including Germany, Austria, Ireland, and the Czech Republic, while extending Genius into Worldpay's financial institution partner channel as a key revenue synergy opportunity beginning in 2027. The company expects normalized constant currency adjusted net revenue growth of approximately 5% for full-year 2026, with modest sequential acceleration anticipated over the course of the year and exit growth above 5%, supported by strong bookings momentum, major enterprise merchant onboardings (including ALDI, Morrisons, and Goold Cosméticos), and continued resilient consumer spending trends.
| Metric | Target | Period |
|---|---|---|
| Adjusted Net Revenue Growth | approximately 5% | FY2026 |
| Adjusted Operating Margin Expansion | approximately 150 basis points | FY2026 |
| Adjusted Earnings Per Share | $13.80–$14.00 | FY2026 |
| Capital Expenditures | approximately $1 billion or 8% of adjusted net revenue | FY2026 |
| Adjusted Free Cash Flow Conversion | exceed 90% | FY2026 |
| Cost Synergies | $70–80 million | FY2026 |
| Total Cost Synergies | $600 million | Over integration period |
| Capital Returns to Shareholders | more than $2 billion | FY2026 |
Adjusted Net Revenue Growth (FY2026): “For the full year, we continue to expect normalized constant currency adjusted net revenue growth of approximately 5%.”
Adjusted Operating Margin Expansion (FY2026): “We continue to expect our normalized adjusted operating margin to expand by approximately 150 basis points for the full year 2026, driven by additional operating efficiencies from our transformation and realized cost savings from the Worldpay integration, particularly in the second half of the year.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.3B | 7.7B | 7.7B | 7.4B | 9.0B | 8.5B |
| Net Income | -706M | 1.4B | 1.6B | 986M | 111M | 965M |
| EPS | $-1.98 | $5.78 | $6.16 | $3.77 | $0.40 | $3.29 |
| Free Cash Flow | 1.1B | 2.0B | 2.4B | 1.9B | 1.6B | 2.3B |
| ROIC | 2.4% | 3.5% | 4.1% | 2.8% | 1.1% | 2.6% |
| Gross Margin | - | 72.6% | 73.7% | 72.0% | 57.9% | 55.7% |
| Debt/Equity | 0.99 | 0.95 | 0.68 | 0.79 | 0.63 | 0.47 |
| Dividends/Share | $0.90 | $1.00 | $1.00 | $1.00 | $1.00 | $0.89 |
| Operating Income | 1.3B | 1.8B | 2.0B | 1.3B | 640M | 1.4B |
| Operating Margin | 15.3% | 22.8% | 25.5% | 17.8% | 7.1% | 15.9% |
| ROE | -3.0% | 6.2% | 6.9% | 4.4% | 0.5% | 3.6% |
| Shares Outstanding | 273M | 242M | 255M | 262M | 279M | 293M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 2.6B | 2.8B | 2.9B | 4.0B | 3.4B | 4.9B | 7.4B | 8.5B | 9.0B | 7.4B | 7.7B | 7.7B | 8.3B |
| Gross Margin | 62.7% | 63.2% | 60.4% | 51.5% | 67.5% | 57.8% | 50.8% | 55.7% | 57.9% | 72.0% | 73.7% | 72.6% | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 1.2B | 1.3B | 1.3B | 1.5B | 1.5B | 2.0B | 2.9B | 3.4B | 3.5B | 3.9B | 4.0B | 4.1B | 4.8B |
| EBIT | 405M | 457M | 425M | 559M | 737M | 791M | 894M | 1.4B | 640M | 1.3B | 2.0B | 1.8B | 1.3B |
| Op. Margin | 15.9% | 16.5% | 14.7% | 14.1% | 21.9% | 16.1% | 12.0% | 15.9% | 7.1% | 17.8% | 25.5% | 22.8% | 15.3% |
| Net Income | 245M | 278M | 272M | 468M | 452M | 431M | 585M | 965M | 111M | 986M | 1.6B | 1.4B | -706M |
| Net Margin | 9.6% | 10.0% | 9.4% | 11.8% | 13.4% | 8.8% | 7.9% | 11.3% | 1.2% | 13.4% | 20.3% | 18.2% | -8.5% |
| Non-Recurring | 0 | 6.3M | 0 | 38M | 0 | 0 | 0 | 0 | 634M | -137M | 373M | 349M | 349M |
| Returns on Capital | |||||||||||||
| ROIC | 18.3% | 18.6% | 8.9% | 8.6% | 8.5% | 3.2% | 2.2% | 2.6% | 1.1% | 2.8% | 4.1% | 3.5% | 2.4% |
| ROE | 22.9% | 31.7% | 16.0% | 14.6% | 11.6% | 2.7% | 2.1% | 3.6% | 0.5% | 4.4% | 6.9% | 6.2% | -3.0% |
| ROA | 6.9% | 5.7% | 3.3% | 4.0% | 3.4% | 1.5% | 1.3% | 2.2% | 0.2% | 2.1% | 3.2% | 2.8% | -1.1% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 194M | 430M | 593M | 512M | 1.1B | 1.4B | 2.3B | 2.8B | 2.2B | 2.5B | 3.1B | 2.7B | 1.8B |
| Free Cash Flow | 113M | 337M | 501M | 330M | 893M | 1.1B | 1.9B | 2.3B | 1.6B | 1.9B | 2.4B | 2.0B | 1.1B |
| Owner Earnings | 42M | 271M | 374M | 22M | 525M | 423M | 551M | 909M | 418M | 1.2B | 1.7B | 1.3B | 35M |
| CapEx | 81M | 93M | 92M | 182M | 213M | 308M | 436M | 493M | 616M | 658M | 675M | 618M | 752M |
| Maint. CapEx | 122M | 138M | 188M | 451M | 523M | 878M | 1.6B | 1.7B | 1.7B | 1.1B | 1.2B | 1.2B | 1.6B |
| Growth CapEx | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 122M | 138M | 188M | 451M | 523M | 878M | 1.6B | 1.7B | 1.7B | 1.1B | 1.2B | 1.2B | 1.6B |
| CapEx/OCF | 41.9% | 21.8% | 15.4% | 35.5% | 19.3% | 22.1% | 18.9% | 17.7% | 27.4% | 29.3% | 22.1% | 23.3% | 41.5% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 5.8M | 5.3M | 5.4M | 6.7M | 6.3M | 63M | 233M | 260M | 274M | 260M | 253M | 239M | 246M |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.2% | 0.5% | 0.5% | 0.8% | 0.9% | 0.9% | 1.1% | 1.1% |
| Share Buybacks | 14M | 7.4M | 12M | 35M | 208M | 311M | 631M | 2.5B | 2.9B | 418M | 1.6B | 1.2B | 1.3B |
| Buyback Yield | 7.9% | 4.4% | 1.5% | 0.2% | 1.3% | 0.9% | 1.1% | 6.6% | 11.2% | 1.3% | 5.5% | 6.1% | 5.9% |
| Stock-Based Comp | 30M | 21M | 31M | 39M | 58M | 90M | 149M | 181M | 163M | 209M | 164M | 154M | 135M |
| Debt Repayment | 2.3B | 2.1B | 3.7B | 1.8B | 2.3B | 6.5B | 2.3B | 4.8B | 7.9B | 9.1B | 8.3B | 7.2B | 7.2B |
| Balance Sheet | |||||||||||||
| Net Debt | 812M | 1.1B | 3.3B | 3.3B | 3.9B | 7.9B | 7.9B | 10.2B | 12.0B | 16.1B | 12.8B | 13.5B | 17.8B |
| Cash & Equiv. | 582M | 651M | 1.2B | 1.3B | 1.2B | 1.7B | 1.9B | 2.0B | 2.0B | 2.1B | 2.4B | 8.3B | 5.9B |
| Long-Term Debt | 1.4B | 1.7B | 4.3B | 4.6B | 5.0B | 9.1B | 8.5B | 11.4B | 12.3B | 15.7B | 15.1B | 19.5B | 21.0B |
| Debt/Equity | 1.40 | 2.30 | 1.69 | 1.23 | 1.29 | 0.35 | 0.36 | 0.47 | 0.63 | 0.79 | 0.68 | 0.95 | 0.99 |
| Interest Coverage | 10.8 | 11.4 | 6.3 | 3.2 | 3.8 | 2.6 | 2.7 | 4.1 | 1.5 | 2.1 | 3.2 | 2.8 | 13.6 |
| Equity | 997M | 758M | 2.6B | 3.8B | 4.0B | 27.9B | 27.3B | 25.6B | 22.3B | 23.0B | 22.3B | 22.9B | 23.8B |
| Total Assets | 4.0B | 5.8B | 10.7B | 13.0B | 13.2B | 44.5B | 44.2B | 45.3B | 44.8B | 50.6B | 46.9B | 53.3B | 64.3B |
| Total Liabilities | 2.9B | 4.9B | 7.9B | 9.0B | 9.0B | 16.4B | 16.7B | 19.4B | 22.3B | 26.8B | 23.9B | 29.6B | 39.6B |
| Intangibles | 535M | 560M | 2.1B | 2.2B | 2.5B | 13.2B | 12.0B | 11.6B | 9.7B | 10.2B | 4.6B | 4.2B | 20.2B |
| Retained Earnings | 816M | 795M | 1.1B | 1.6B | 2.1B | 2.3B | 2.6B | 3.0B | 2.7B | 3.5B | 4.8B | 5.9B | 4.1B |
| Working Capital | 432M | 275M | 264M | 488M | 108M | 787M | 43M | 248M | -585M | -52M | -221M | 5.1B | -3.1B |
| Current Assets | 1.6B | 3.3B | 3.1B | 4.3B | 3.4B | 4.4B | 4.6B | 4.7B | 6.3B | 8.1B | 6.0B | 12.6B | 11.7B |
| Current Liabilities | 1.2B | 3.0B | 2.9B | 3.8B | 3.3B | 3.6B | 4.5B | 4.5B | 6.9B | 8.1B | 6.3B | 7.5B | 14.7B |
| Per Share Data | |||||||||||||
| EPS | 0.42 | 0.52 | 1.02 | 1.51 | 1.42 | 2.16 | 1.95 | 3.29 | 0.40 | 3.77 | 6.16 | 5.78 | -1.98 |
| Owner EPS | 0.07 | 0.50 | 1.40 | 0.07 | 1.65 | 2.12 | 1.84 | 3.10 | 1.50 | 4.58 | 6.57 | 5.26 | 0.13 |
| Book Value | 1.72 | 1.40 | 9.88 | 12.19 | 12.54 | 139.73 | 91.18 | 87.33 | 80.02 | 87.92 | 87.40 | 94.49 | 87.03 |
| Cash Flow/Share | 0.33 | 0.80 | 2.23 | 1.65 | 3.47 | 6.98 | 7.72 | 9.48 | 8.05 | 9.75 | 11.99 | 10.97 | 3.42 |
| Dividends/Share | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.23 | 0.78 | 0.89 | 1.00 | 1.00 | 1.00 | 1.00 | 0.90 |
| Shares Out. | 580.6M | 539.9M | 266.3M | 311.2M | 318.3M | 199.4M | 299.8M | 293.5M | 278.7M | 261.6M | 254.9M | 242.2M | 273.4M |
| Valuation | |||||||||||||
| P/E Ratio | 23.0 | 30.3 | 32.5 | 31.7 | 34.4 | 80.7 | 102.6 | 39.5 | 233.9 | 33.2 | 18.0 | 13.9 | -40.8 |
| P/FCF | 199.4 | 99.8 | 35.2 | 89.9 | 34.8 | 32.1 | 31.9 | 16.7 | 16.0 | 17.3 | 11.9 | 9.5 | 20.8 |
| EV/EBIT | 15.5 | 20.7 | 26.7 | 31.3 | 25.7 | 51.8 | 73.5 | 34.0 | 56.7 | 26.7 | 20.4 | 14.0 | 31.5 |
| Price/Book | 5.7 | 11.1 | 3.4 | 3.9 | 3.9 | 1.2 | 2.2 | 1.5 | 1.2 | 1.4 | 1.3 | 0.9 | 0.9 |
| Price/Sales | 2.0 | 2.5 | 3.1 | 3.3 | 5.1 | 5.8 | 6.8 | 5.9 | 3.7 | 2.9 | 3.7 | 2.7 | 2.7 |
| FCF Yield | 2.0% | 4.0% | 5.7% | 2.2% | 5.7% | 3.1% | 3.1% | 6.0% | 6.2% | 5.8% | 8.4% | 10.5% | 4.8% |
| Market Cap | 5.6B | 8.4B | 8.8B | 14.9B | 15.5B | 34.8B | 60.0B | 38.2B | 26.1B | 32.8B | 28.3B | 19.5B | 22.1B |
| Avg. Price | 34.26 | 51.84 | 66.70 | 85.19 | 107.97 | 143.75 | 168.86 | 171.37 | 119.47 | 108.50 | 111.80 | 86.56 | 80.92 |
| Year-End Price | 38.71 | 62.35 | 66.27 | 95.47 | 97.62 | 174.34 | 200.08 | 130.09 | 93.54 | 125.30 | 111.03 | 80.35 | 80.92 |
GLOBAL PAYMENTS INC passes 5 of 9 quality checks, suggesting mixed fundamentals.
GLOBAL PAYMENTS INC trades at 14.0x trailing earnings, compared to its 15-year median P/E of 32.9x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.1x vs a median of 24.6x. The company's 5-year average ROIC is 2.8% with a gross margin of 66.4%. Total shareholder yield (dividends + buybacks) is 7.0%. At current prices, the estimated annualized return to fair value is +7.0%.
GLOBAL PAYMENTS INC (GPN) has a net profit margin of 18.2%. This is a healthy margin.
GLOBAL PAYMENTS INC (GPN) generated $2.0 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
GLOBAL PAYMENTS INC (GPN) has a debt-to-equity ratio of 0.95. This indicates moderate leverage.
GLOBAL PAYMENTS INC (GPN) reported earnings per share (EPS) of $5.78 in its most recent fiscal year.
GLOBAL PAYMENTS INC (GPN) has a return on equity (ROE) of 6.2%. This indicates moderate shareholder returns.
GLOBAL PAYMENTS INC (GPN) has a 5-year average gross margin of 66.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 17 years of financial data for GLOBAL PAYMENTS INC (GPN), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
GLOBAL PAYMENTS INC (GPN) has a book value per share of $94.49, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management is executing the integration of Worldpay following its January 2026 acquisition, with the combined entity establishing a unified operating model and go-to-market structure within the first 100 days post-close. The company expects to realize $70–80 million in cost synergies during 2026 and $600 million cumulatively over the integration period, with accelerating benefits anticipated in the second half of 2026 as technology consolidation and operational efficiencies take hold. Management is prioritizing geographic expansion of the Genius platform into new markets including Germany, Austria, Ireland, and the Czech Republic, while extending Genius into Worldpay's financial institution partner channel as a key revenue synergy opportunity beginning in 2027. The company expects normalized constant currency adjusted net revenue growth of approximately 5% for full-year 2026, with modest sequential acceleration anticipated over the course of the year and exit growth above 5%, supported by strong bookings momentum, major enterprise merchant onboardings (including ALDI, Morrisons, and Goold Cosméticos), and continued resilient consumer spending trends.
Based on recent SEC filings and earnings calls, GLOBAL PAYMENTS INC (GPN) has provided the following forward guidance: Adjusted Net Revenue Growth: approximately 5% (FY2026); Adjusted Operating Margin Expansion: approximately 150 basis points (FY2026); Adjusted Earnings Per Share: $13.80–$14.00 (FY2026); Capital Expenditures: approximately $1 billion or 8% of adjusted net revenue (FY2026); Adjusted Free Cash Flow Conversion: exceed 90% (FY2026), plus 3 additional metrics.
Adjusted Earnings Per Share (FY2026): “Putting it all together, we continue to expect adjusted earnings per share in the range of $13.80-$14 for the full year 2026.”
Capital Expenditures (FY2026): “We continue to target capital expenditures of approximately $1 billion or 8% of adjusted net revenue for the full year 2026.”
Adjusted Free Cash Flow Conversion (FY2026): “Regarding cash flow, we continue to expect the conversion rate of adjusted net income to adjusted free cash flow to exceed 90% for the full year 2026.”
Cost Synergies (FY2026): “in year one, you know, we expect to realize or in 2026, we expect to realize, you know, $70 million-$80 million of cost synergies.”
Total Cost Synergies (Over integration period): “we expect to realize, you know, $600 million in cost synergies, you know, over the course of the next years, as we integrate, you know, these two businesses.”
Capital Returns to Shareholders (FY2026): “We continue to expect to return more than $2 billion to shareholders in 2026 through repurchases and dividends.”