Global Payments (GPN)
Financials · $22.4B market cap · SEC CIK 0001123360
fundamentals score out of 100
Next reports on Nov 2, 2026, before the open, with analysts expecting $3.62 in earnings per share.
The case for GPN
- Trades at 0.86× book value, below what the balance sheet says it owns.
- Gross margin of 64% absorbs cost shocks.
The case against
- Losing money over the last year: net margin -9.2%, return on equity -4%.
- Earnings per share down 95.2%.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 67 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 17 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 15 |
| Momentumhow the price has behaved lately | 67 |
| Stabilityhow violently it moves, what it owes and what it pays you | 45 |
- The P/E (16.0×) says it made money over the last year but its net margin (-9.2%) says it lost money, so the P/E is not counted in its favour.
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 16.0× |
|---|---|
| Price / book | 0.86× |
| Price / sales | 2.2× |
| Revenue growth (YoY) | +7.5% |
| EPS growth (YoY) | -95.2% |
| Gross margin | 64% |
| Operating margin | 12% |
| Net margin | -9% |
| Return on equity | -4% |
| Debt / equity | 1.02× |
| Current ratio | 0.82 |
| Dividend yield | 0.89% |
| Beta | 0.88 |
| 52-week range | $61.16 – $95.88 |
| Position in that range | 68% of the way up |
| 3-month return | +27.5% |
| 1-year return | -1.5% |
Five years of financials, as filed
Pulled from Global Payments's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $7.7B | $7.7B | $7.4B | $6.8B | $8.5B |
| Operating income | $1.8B | $2.0B | $1.3B | $310M | $1.4B |
| Net income | $1.4B | $1.6B | $986M | $111M | $965M |
| Operating cash flow | $2.7B | $3.1B | $2.5B | $2.5B | $2.8B |
| Capital expenditure | $618M | $675M | $658M | $616M | $493M |
| Total assets | $53.3B | $46.9B | $50.6B | $44.8B | $45.3B |
| Total liabilities | $29.6B | $23.9B | $26.8B | $22.3B | $19.4B |
| Shareholder equity | $22.9B | $22.3B | $23.0B | $22.3B | $25.6B |
| Cash | $8.3B | $2.4B | $1.9B | $2.0B | $2.0B |
| Long-term debt | $21.6B | $16.2B | $16.4B | $13.5B | $11.4B |
| Free cash flow | $2.0B | $2.4B | $1.9B | $1.9B | $2.3B |
| Operating margin | 22.8% | 25.5% | 17.8% | 4.5% | 15.9% |
| Net margin | 18.2% | 20.3% | 13.4% | 1.6% | 11.3% |
| Diluted shares | 242M | 255M | 262M | 276M | 294M |
Share count is down 17.6% over 4 years. Buybacks have been shrinking the pie.
What Global Payments says it does
" of this Annual Report on Form 10-K. It is possible that these laws may be interpreted and applied in a manner that is inconsistent with our data privacy practices or operations model, which could result in potential fines, damages or a need to incur substantial costs to modify our operations. Compliance with these laws and regulations can be costly and time consuming, adding a layer of complexity to business practices and innovation. Our failure to comply could result in public or private enforcement action and accompanying litigation costs, losses, fines and penalties, which could adversely affect our business, financial condition, results of operations and cash flows. In addition, U.S. banking agencies and the SEC have adopted or proposed enhanced cybersecurity risk management rules and/or standards that could apply to us and that address cybersecurity risk governance and management, management of internal and external…
Risk factors GPN lists in its 10-K
- Global Payments Inc. and its consolidated subsidiaries are referred to collectively as "Global Payments," the "Company," "we," "our" or "us," unless the context requires otherwise
- Recent Business Acquisitions and Dispositions
- Acquisition of Worldpay Holdco, LLC and Disposition of Issuer Solutions
- Disposition of Heartland Payroll Solutions, Inc
- Credit and Debit Card Transaction Processing
- Scalable Operating Environment and Technology Infrastructure
- Strong, Long-lasting Partner Relationships
- Privacy, Information Security and Other Business Practices Regulation
- Anti-Money Laundering, Anti-Corruption and Sanctions Regulations
- Debt Collection and Credit Reporting Laws
- Risks Related to Our Business Model and Operations
- Legal, Regulatory Compliance and Tax Risks
- Risks Related to Our Capital Structure
- Risks Related to General Economic Conditions