Global Payments Inc.

GPN · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999
Valuation
Market cap	$18,324	$28,519	$33,069	$26,856	$39,223	$62,504	$52,970	$16,316	$15,952	$20,139	$11,964	$6,937	$4,944	$3,730	$3,349	$4,148	$3,360	$2,935	$3,755	$3,216	$3,677	$2,658	$1,757	$1,257	$1,331	$751	$400
Enterprise value	$32,543	$43,553	$48,819	$39,381	$49,566	$70,469	$61,168	$21,131	$20,082	$23,956	$15,944	$8,724	$6,332	$4,341	$3,213	$3,572	$3,100	$2,727	$3,315	$2,922	$3,473	$2,810	$1,818	$1,281	$1,366	$861	$423
P/E (TTM) at period end	13.09×	18.16×	33.53×	240.88×	40.63×	106.93×	123.01×	36.09×	34.05×	99.82×	44.04×	24.95×	20.16×	17.26×	17.80×	19.83×	16.52×	78.87×	23.07×	22.49×	29.30×	28.61×	28.14×	23.58×	55.82×	31.71×	12.10×
P/S (TTM) at period end	2.38×	3.69×	4.48×	3.93×	4.60×	8.42×	10.78×	4.85×	4.01×	5.97×	4.13×	2.50×	1.94×	1.57×	1.52×	2.23×	2.05×	2.01×	2.95×	3.03×	4.05×	3.39×	2.79×	2.44×	2.88×	2.12×	1.18×
P/B at period end	0.80×	1.28×	1.44×	1.20×	1.53×	2.29×	1.90×	4.09×	4.20×	7.66×	4.36×	9.15×	4.96×	3.25×	2.86×	3.50×	3.90×	4.40×	3.74×	3.36×	4.77×	5.05×	4.29×	3.43×	4.49×	2.77×	3.34×
EV / EBITDA (TTM)	14.97×	17.65×	27.52×	55.54×	28.24×	56.31×	61.01×	23.95×	29.88×	34.16×	31.94×	16.73×	13.60×	10.53×	7.91×	8.63×	7.91×	7.60×	11.17×	11.17×	14.14×	13.44×	11.50×	10.22×	12.20×	11.51×	5.08×
EV / Sales (TTM)	4.22×	5.63×	6.62×	5.77×	5.81×	9.49×	12.45×	6.28×	5.05×	7.11×	5.50×	3.15×	2.48×	1.83×	1.46×	1.92×	1.89×	1.86×	2.60×	2.75×	3.82×	3.58×	2.89×	2.48×	2.95×	2.44×	1.24×
Returns
Return on equity	6.1%	7.0%	4.3%	0.5%	3.8%	2.1%	1.5%	11.3%	12.3%	7.7%	9.9%	36.7%	24.6%	18.9%	16.1%	17.7%	23.6%	5.6%	16.2%	14.9%	16.3%	17.7%	15.2%	14.5%	8.0%	8.7%	27.6%
Return on invested capital	3.8%	4.5%	2.6%	0.9%	3.2%	2.2%	1.9%	7.2%	7.1%	4.7%	5.1%	13.3%	12.2%	14.5%	21.5%	38.5%	38.6%	45.2%	27.6%	22.5%	24.1%	15.8%	17.0%	15.5%	15.4%	8.6%	27.2%
Dividend yield	1.3%	0.9%	0.8%	1.0%	0.7%	0.4%	0.1%	0.0%	0.0%	0.0%	0.0%	0.1%	0.1%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.2%	0.3%	0.5%	0.4%	0.2%	1.1%
Financial health
Current ratio	1.69×	0.96×	0.99×	0.92×	1.06×	1.01×	1.22×	1.03×	1.13×	1.09×	1.17×	1.09×	1.35×	1.72×	1.49×	1.28×	1.44×	1.77×	2.70×	3.11×	2.33×	0.87×	0.63×	1.68×	0.82×	1.03×	0.58×
Debt / equity	0.94×	0.72×	0.70×	0.60×	0.45×	0.34×	0.33×	1.29×	1.23×	1.69×	1.64×	2.30×	1.39×	0.84×	0.27×	0.53×	0.49×	0.31×	0.00×	–	0.00×	0.31×	0.28×	0.10×	0.08×	0.28×	–
Effective tax rate	20.0%	15.8%	23.9%	(116.4%)	16.2%	13.0%	12.0%	13.8%	(25.8%)	14.1%	19.6%	25.9%	28.5%	28.6%	27.6%	29.3%	28.2%	29.2%	34.7%	32.4%	33.5%	34.7%	34.7%	35.3%	38.2%	38.5%	38.5%
Share count
Diluted shares outstanding	242	255	262	276	294	301	199	159	156	147	133	135	145	156	159	161	164	162	162	163	164	159	156	151	151	115	107

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999
Revenue and gross profit
Revenue	$10,231	$7,706	$7,736	$7,380	$6,829	$8,524	$7,424	$4,912	$3,366	$3,975	$3,371	$2,898	$2,774	$2,554	$2,376	$2,204	$1,860	$1,642	$1,462	$1,274	$1,062	$908	$784	$629	$516	$463	$353	$340
Cost of revenue	($3,693)	($2,113)	($2,033)	($2,068)	($2,223)	($3,774)	($3,651)	($2,074)	($1,095)	($1,928)	($1,604)	($1,148)	($1,022)	($952)	($862)	($785)	($665)	($585)	($505)	($476)	($415)	($356)	($337)	($289)	($260)	($252)	($192)	($181)
Gross profit	$6,538	$5,592	$5,702	$5,311	$4,606	$4,750	$3,773	$2,838	$2,271	$2,047	$1,767	$1,751	$1,752	$1,602	$1,514	$1,419	$1,195	$1,058	$957	$799	$647	$552	$447	$340	$256	$211	$161	$159
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($5,547)	($4,121)	($4,001)	($3,859)	($3,264)	($3,391)	($2,879)	($2,047)	($1,534)	($1,488)	($1,411)	($1,326)	($1,295)	($1,197)	($1,120)	($1,027)	($863)	($735)	($665)	($546)	($426)	($347)	($283)	($217)	($161)	($128)	($103)	($95)
Total operating expenses	($5,269)	($3,838)	($3,728)	($3,996)	($4,296)	($3,391)	($2,879)	($2,047)	($1,534)	($1,488)	($1,411)	($1,326)	($1,295)	($1,197)	($1,157)	($1,112)	($863)	($735)	($665)	($546)	($426)	($347)	($283)	($217)	($163)	($128)	($108)	($95)
Total costs and expenses	($8,962)	($5,951)	($5,761)	($6,064)	($6,519)	($7,165)	($6,530)	($4,120)	($2,629)	($3,416)	($3,015)	($2,473)	($2,317)	($2,149)	($2,019)	($1,896)	($1,528)	($1,319)	($1,170)	($1,022)	($840)	($703)	($621)	($507)	($423)	($380)	($300)	($277)
Operating income	$1,269	$1,755	$1,974	$1,316	$310	$1,359	$894	$791	$737	$559	$356	$425	$457	$405	$357	$307	$332	$323	$293	$253	$221	$205	$164	$123	$93	$82	$53	$63
Earnings
EBITDA	$1,707	$2,173	$2,468	$1,774	$709	$1,755	$1,251	$1,003	$882	$672	$701	$499	$522	$466	$412	$406	$414	$392	$359	$297	$262	$246	$209	$158	$125	$112	$75	$83
Interest income	$160	$155	$159	$111	$33	$19	$44	$31	$21	$9	$47	$5	$5	$14	$10	$10	$11	$5	$7	$18	–	–	–	–	–	–	–	–
Interest expense	($838)	($634)	($608)	($628)	($435)	($328)	($327)	($301)	($196)	($174)	($146)	($68)	($40)	($38)	($32)	($17)	($18)	($18)	($7)	($8)	–	–	–	–	–	–	–	–
Pre-tax income	$559	$1,260	$1,530	$782	($108)	$1,045	$594	$518	$562	$393	$257	$361	$417	$377	$334	$300	$324	$310	$292	$261	$226	$202	$154	$109	$90	$64	$38	$54
Income tax expense	($72)	($252)	($242)	($187)	($126)	($169)	($77)	($62)	($77)	$101	($36)	($71)	($108)	($107)	($96)	($83)	($95)	($87)	($85)	($91)	($73)	($68)	($53)	($38)	($32)	($25)	($15)	($21)
Net income	($934)	$1,400	$1,570	$986	$111	$965	$585	$431	$452	$468	$202	$272	$278	$245	$216	$188	$209	$203	$37	$163	$143	$126	$93	$62	$53	$24	$24	$33
Per share
Diluted EPS (GAAP)	($2.99)	$5.78	$6.16	$3.77	$0.40	$3.29	$1.95	$2.16	$2.84	$3.01	$1.37	$2.04	$2.06	$1.69	$1.38	$1.19	$1.30	$1.24	$0.23	$1.00	$0.88	$0.77	$0.29	$0.40	$0.18	$0.16	$0.21	$0.31
Basic EPS (GAAP)	($2.98)	$5.79	$6.18	$3.78	$0.41	$3.30	$1.95	$2.17	$2.85	$3.03	$1.38	$2.05	$2.07	$1.70	$1.39	$1.20	$1.31	$1.25	$0.23	$1.02	$0.89	$0.80	$0.30	$0.42	$0.18	$0.16	$0.21	$0.31
Basic shares outstanding	256	242	254	261	275	293	299	198	159	155	146	132	134	144	156	158	160	162	160	159	161	158	153	150	148	147	114	107
Margins
Gross margin	63.9%	72.6%	73.7%	72.0%	67.4%	55.7%	50.8%	57.8%	67.5%	51.5%	52.4%	60.4%	63.2%	62.7%	63.7%	64.4%	64.2%	64.4%	65.5%	62.7%	60.9%	60.8%	57.0%	54.0%	49.6%	45.5%	45.5%	46.6%
Operating margin	12.4%	22.8%	25.5%	17.8%	4.5%	15.9%	12.0%	16.1%	21.9%	14.1%	10.6%	14.7%	16.5%	15.9%	15.0%	13.9%	17.8%	19.7%	20.0%	19.8%	20.8%	22.6%	20.9%	19.5%	18.1%	17.8%	15.0%	18.6%
Net margin	(9.1%)	18.2%	20.3%	13.4%	1.6%	11.3%	7.9%	8.8%	13.4%	11.8%	6.0%	9.4%	10.0%	9.6%	9.1%	8.5%	11.3%	12.4%	2.5%	12.8%	13.5%	13.8%	11.8%	9.9%	10.3%	5.2%	6.7%	9.7%

Analyst consensus

Buy63 analysts

Bearish · 4 · Hold · 21 · Bullish · 38

Earnings history

	EPS	Estimate
Q3 2024	$3.08	$3.09	Miss
Q4 2024	$2.95	$2.98	Miss
Q1 2025	$2.82	$2.68	Beat
Q2 2025	$3.10	$3.05	Beat
Q3 2025	$3.26	$3.23	Beat
Q4 2025	$3.18	$3.16	Beat
Q1 2026	$2.96	$2.78	Beat
Q2 2026	$3.46	$3.44	Beat

Peers

Company overview

IPO dateJan 16, 2001

CEOCameron Bready

Employees26,000

SectorFinancial Services

IndustryFinancial - Credit Services

CountryUS

ExchangeNew York Stock Exchange

Websitewww.globalpayments.com/en-ap

Global Payments Inc. is a prominent provider of payment technology and software solutions, facilitating transactions across various forms including card, electronic, check, and digital payments. Its operations span the Americas, Europe, and the Asia-Pacific regions. The company's business is structured into three primary divisions: Merchant Solutions, Issuer Solutions, and Business and Consumer Solutions. The Merchant Solutions segment offers a comprehensive array of services designed to support businesses in managing their payment processing. These services include transaction authorization, settlement, funding, customer support, chargeback resolution, terminal rental and deployment, robust payment security, consolidated billing, and online reporting. Furthermore, this segment delivers specialized enterprise software solutions that help customers in diverse vertical markets streamline their business operations. It also provides various value-added services, such as point-of-sale (POS) systems, analytics and engagement tools, and even payroll and human capital management services. The Issuer Solutions segment empowers financial institutions and retailers by providing them with platforms to efficiently manage their card portfolios. Additionally, it supplies commercial payment and ePayables solutions specifically for businesses and government entities. Through its Business and Consumer Solutions segment, operating notably under the Netspend brand, the company addresses the financial needs of the underbanked, other consumers, and various businesses. This segment's offerings comprise general-purpose reloadable prepaid debit cards, payroll cards, demand deposit accounts, and other related financial services. Global Payments distributes its products and services through a multifaceted sales and marketing approach, leveraging its direct sales force, trade association partnerships, agent and enterprise software provider networks, referral arrangements with value-added resellers, and independent sales organizations. Founded in 1967, Global Payments Inc. is headquartered in Atlanta, Georgia.

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