Skip to content
stoqly

Global Payments

GPN NYSE Transaction & Payment Processing Services Financials FY2016–FY2025

Global Payments' revenue fell 0.4% to $7.7 billion in fiscal 2025. Its operating margin was 22.8%, down from 25.5% a year earlier. Free cash flow was $2.0 billion, down 14.4%. It paid out $1.4 billion in dividends and buybacks, 70% of free cash flow. The diluted share count fell 5.0%.

Last close · Oct 23, 2026

$82.82

3.6%
Value it Compare
Revenue Total sales reported in the income statement.
$7.7B
0.4% vs prior year
Operating margin Operating income as a share of revenue.
22.8%
2.8 pts
Net income Profit after all expenses, interest and tax.
$1.4B
10.8%
Free cash flow Cash from operations minus capital spending.
$2.0B
14.4%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
3.8%
0.7 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$22.4B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
—

What Global Payments does

No business description yet.

Legal name
GLOBAL PAYMENTS INC.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001123360-26-000008
0001123360

Revenue and margins

Global Payments had $7.7B of revenue in fiscal 2025, down 0.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 12.3% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $2.0B in fiscal 2025, 26.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Global Payments returned $1.4B to shareholders in fiscal 2025, 70% of free cash flow. The diluted share count fell 5.0%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Global Payments yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$13.2B and divides by 242.0M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Balance sheet

Cash, debt and the ratios that show how comfortably Global Payments can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $2.0B$2.0B$2.1B$2.4B$8.3B
Debt incl. finance leases $11.5B$13.5B$16.4B$16.3B$21.6B
Net debt / EBITDA 3.1x5.0x5.8x4.4x4.4x
Debt / equity 0.5x0.6x0.7x0.7x0.9x
Interest coverage 4.1x1.5x2.1x3.3x2.8x
Current ratio 1.1x0.9x1.0x1.0x1.7x
Quick ratio 1.1x0.9x1.0x1.0x1.7x
Total assets $45.3B$44.8B$50.6B$46.9B$53.3B
Total liabilities $19.4B$22.3B$26.8B$23.9B$29.6B
Shareholders' equity $25.6B$22.3B$23.0B$22.3B$22.9B
Net debt (− = net cash) $9.5B$11.5B$14.3B$14.0B$13.2B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$1.3M

3 insiders

Sold, 12 months

$1.4M

3 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Feb 20, 2026 Joia M JohnsonDirector Bought 1,213 $81.90 $0.1M Form 4
Dec 11, 2025 David M SheffieldEVP, Chief Accounting Officer Sold 2,016 $81.41 $0.2M Form 4
Dec 11, 2025 Robert H B Baldwin JrDirector Bought 10,392 $81.42 $0.8M Form 4
Dec 10, 2025 Robert H B Baldwin JrDirector Bought 3,000 $80.25 $0.2M Form 4
Dec 3, 2025 David Lawrence GreenChief Administrative Officer Sold 11,600 $79.99 $0.9M Form 4
Nov 12, 2025 Connie D McDanielDirector Sold 4,464 $77.81 $0.3M Form 4
Nov 7, 2025 Patricia A WatsonDirector Bought 1,331 $75.06 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✕
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✓ ✕
Current ratio rose ✓ ✕ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✕
Revenue rose relative to assets ✕ ✕ ✓
F-score 7 / 97 / 96 / 9
Accruals ratio −3.3%−3.1%−2.5%
Altman Z'' 1.301.592.05

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Global Payments GPN $22.4B −0.4% 22.8% 26.5% 3.8% — 6
Toast TOST $19.3B 24.1% 4.8% 9.9% — 41.4x 7 Compare →
Fidelity National Information Services FIS $19.4B 5.4% 16.3% 23.0% 5.1% 5.8x 5 Compare →
Corpay CPAY $27.1B 13.9% 44.0% 28.7% 11.5% 24.9x 5 Compare →
Affirm AFRM $24.4B 32.2% 9.8% 23.3% — 12.7x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $2.9B $4.0B $3.4B $4.9B $7.4B $8.5B $9.0B $7.4B $7.7B $7.7B
Gross profit $1.8B $2.0B $2.3B $2.8B $3.8B $4.8B $5.2B $5.3B $5.7B $5.6B
Operating income $425M $559M $737M $791M $894M $1.4B $640M $1.3B $2.0B $1.8B
Interest expense $67.9M $174M $196M $301M $327M $328M $437M $628M $608M $634M
Pretax income $361M $393M $562M $518M $594M $1.0B $224M $782M $1.5B $1.3B
Income tax $70.7M −$101M $77.5M $62.2M $77.2M $169M $167M $187M $242M $252M
Net income $272M $468M $452M $431M $585M $966M $112M $986M $1.6B $1.4B
Diluted EPS $2.04 $3.01 $2.84 $2.16 $1.95 $3.29 $0.40 $3.77 $6.16 $5.78
Diluted shares 0.13B 0.16B 0.16B 0.20B 0.30B 0.29B 0.28B 0.26B 0.25B 0.24B
Cash flow
Cash from operations $593M $512M $1.1B $1.4B $2.3B $2.8B $2.2B $2.5B $3.1B $2.7B
Capital expenditure $91.6M $182M $213M $308M $436M $493M $616M $658M $675M $618M
Free cash flow $501M $330M $893M $1.1B $1.9B $2.3B $1.6B $1.9B $2.4B $2.0B
Depreciation and amortization $188M $451M $523M $878M $1.6B $1.7B $1.7B $1.1B $1.2B $1.2B
Stock-based compensation $30.8M $39.1M $57.8M $89.6M $149M $181M $163M $209M $164M $154M
Acquisitions $0.0M $563M $1.3B $645M $161M $1.8B $65.7M $4.2B $487M $352M
Share buybacks $0.0M $34.8M $208M $311M $631M $2.5B $2.9B $418M $1.6B $1.2B
Dividends paid $5.4M $6.7M $6.3M $63.5M $233M $260M $274M $260M $253M $239M
Dividends and buybacks $5.4M $41.5M $215M $375M $864M $2.8B $3.2B $679M $1.8B $1.4B
Balance sheet
Cash and short-term investments $1.0B $1.3B $1.2B $1.7B $1.9B $2.0B $2.0B $2.1B $2.4B $8.3B
Total debt $4.5B $4.7B $5.1B $9.1B $9.3B $11.4B $13.5B $16.4B $16.3B $21.6B
Finance lease liabilities $0.0M $0.0M $0.0M $33.0M $76.0M $64.4M $32.4M $24.5M $10.9M $21.3M
Current assets $2.9B $4.3B $3.4B $4.4B $4.6B $4.7B $6.3B $8.1B $6.0B $12.6B
Current liabilities $2.4B $3.8B $3.3B $3.6B $4.5B $4.5B $6.9B $8.1B $6.3B $7.5B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $494M $588M $654M $1.4B $1.6B $1.7B $1.8B $2.2B $1.4B $1.5B
Total assets $10.5B $13.0B $13.2B $44.5B $44.2B $45.3B $44.8B $50.6B $46.9B $53.3B
Total liabilities $7.6B $9.0B $9.0B $16.4B $16.7B $19.4B $22.3B $26.8B $23.9B $29.6B
Shareholders' equity $2.7B $3.8B $4.0B $27.9B $27.3B $25.6B $22.3B $23.0B $22.3B $22.9B
Margins
Gross margin 60.4% 51.5% 67.5% 57.8% 50.8% 55.7% 57.9% 72.0% 73.7% 72.6%
Operating margin 14.7% 14.1% 21.9% 16.1% 12.0% 15.9% 7.1% 17.8% 25.5% 22.8%
EBITDA margin 21.2% 25.4% 37.4% 34.0% 33.8% 35.8% 25.7% 33.3% 41.3% 38.7%
Net margin 9.4% 11.8% 13.4% 8.8% 7.9% 11.3% 1.2% 13.4% 20.3% 18.2%
FCF margin 17.3% 8.3% 26.5% 22.1% 25.3% 26.8% 18.1% 25.6% 30.8% 26.5%
Returns
Return on capital 8.2% 8.2% 8.3% 3.2% 2.2% 3.3% 0.9% 2.8% 4.5% 3.8%
Return on capital employed 7.8% 6.5% 7.7% 3.1% 2.2% 3.4% 1.6% 3.3% 4.8% 4.1%
Return on equity 15.5% 14.3% 11.6% 2.7% 2.1% 3.7% 0.5% 4.4% 6.9% 6.2%
Return on assets 3.3% 4.0% 3.5% 1.5% 1.3% 2.2% 0.3% 2.1% 3.2% 2.8%
Growth
Revenue growth 4.5% 37.2% −15.3% 45.9% 51.1% 14.8% 5.3% −17.8% 4.8% −0.4%
Net income growth −2.3% 72.4% −3.5% −4.7% 35.7% 65.2% −88.5% 784.6% 59.2% −10.8%
EPS growth −1.0% 47.6% −5.7% −23.9% −9.7% 68.7% −87.8% 842.5% 63.4% −6.2%
FCF growth 48.6% −34.1% 170.2% 21.4% 73.3% 21.8% −28.8% 16.2% 26.0% −14.4%
Share count change −1.3% 16.8% 2.4% 25.0% 50.9% −2.3% −6.2% −5.0% −2.6% −5.0%
Financial health
Net debt / EBITDA 5.7x 3.3x 3.1x 4.5x 2.9x 3.1x 5.0x 5.8x 4.4x 4.4x
Debt / equity 1.6x 1.2x 1.3x 0.3x 0.3x 0.5x 0.6x 0.7x 0.7x 0.9x
Interest coverage 6.3x 3.2x 3.8x 2.6x 2.7x 4.1x 1.5x 2.1x 3.3x 2.8x
Current ratio 1.2x 1.1x 1.0x 1.2x 1.0x 1.1x 0.9x 1.0x 1.0x 1.7x
Quick ratio 1.2x 1.1x 1.0x 1.2x 1.0x 1.1x 0.9x 1.0x 1.0x 1.7x
Capital allocation
Capex / revenue 3.2% 4.6% 6.3% 6.3% 5.9% 5.8% 6.9% 8.9% 8.7% 8.0%
Stock comp / revenue 1.1% 1.0% 1.7% 1.8% 2.0% 2.1% 1.8% 2.8% 2.1% 2.0%
Payouts / FCF 1.1% 12.6% 24.0% 34.6% 46.0% 122.1% 196.2% 35.9% 75.8% 70.1%
Quality scores
Piotroski F-score 5.0 4.0 5.0 6.0 4.0 8.0 6.0 7.0 7.0 6.0
Altman Z'' 1.3 1.4 1.4 2.2 2.1 1.9 1.3 1.3 1.6 2.1
Accruals ratio −3.9% −0.4% −5.0% −3.3% −3.9% −4.1% −4.7% −3.3% −3.1% −2.5%

Source: SEC EDGAR XBRL filings (CIK 0001123360). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open