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Global Payments (GPN) stock

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NYSE: GPN NYSE Transaction & Payment Processing Services Next results ~November 5, 2026

Global Payments is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

Under review: data-quality checks not passed.

Price vs value

Under review: data-quality checks not passed. We'll show the comparison once resolved.

Global Payments valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Global Payments files

Where Global Payments stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $10.2bn, up 32.5% on a year earlier, faster than 15.0% a quarter earlier. Free-cash-flow margin fell to 8.0% from 31.9% a year earlier. Operating margin narrowed to 12.4% from 24.7%. The diluted share count is up 2.3% on a year earlier, which dilutes existing holders. It passes 0 of our 7 financial-health checks.

Our model value for Global Payments is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 5, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 5, 2026 (estimated)

Global Payments's trailing-twelve-month revenue grew 32.5% year on year, with a free-cash-flow margin of 8.0%.

Our discounted-cash-flow model values the business at ~$210 per share in the base case (~$140–$290 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Revenue growth accelerating: TTM revenue growth rose to 32.5% (+17.5pp vs the prior quarter).

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 32.5% over the last 12 months.
  • Growth speeding up. The growth rate is 17.5 points higher than a quarter earlier.
  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Margins narrowing. Operating margin is down 12.3 points on a year ago.
  • Share dilution. Diluted shares rose 2.3% in a year.
  • High debt. Long-term debt exceeds cash by $17.1bn, more than 1.5 times annual revenue.
  • Gross margin slipping. Gross margin is down 9.8 points on a year ago.

Latest results: FY2026 Q2

Filed August 5, 2026
Earnings per share
$3.46 against an average estimate of $3.44: beat by 0.6%
Revenue
$3.32bn, up 68.6% on a year earlier
Share reaction
-0.6% in the first session after the results on August 5, 2026, against -0.4% for the S&P 500
Guidance given
constant currency adjusted net revenue growth growth 4% to 5% (the full year); adjusted earnings per share $13.6 to $13.8 (the full year)
Next report
November 5, 2026; average EPS estimate $3.58

Global Payments' figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.9%
  • 1 week+21.7%
  • 1 month+27.1%
  • This year+30.0%
  • 1 year+29.8%
  • 5 years-22.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$10.2B
Operating margin
12.4%
Net margin
-9.1%
EPS (TTM, diluted)
$-3.66

Growth

Revenue growth
+32.5%
Change in growth rate
+17.5 pts
Share count change
+2.3%

Cash

Free cash flow (TTM)
$823M
FCF margin
8.0%
Stock pay % of revenue
1.4%

Earnings

Last results
August 5, 2026
Next results (est.)
November 3, 2026

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Announcement
  4. Announcement
  5. Results
  6. Guidance
  7. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Global Payments valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: data-quality checks not passed.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Global Payments as an operating company, with every model that fits that kind of business. Cost of equity 9.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.99 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. — Does not apply: This model is withheld pending its input or assumption review.
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. — Does not apply: This model is withheld pending its input or assumption review.
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$140 ~$110–$310 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$34 ~$22–$51 Left out: far from the other models (more than 3x away from their median)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$13 ~$11–$14 Left out: out of range vs price (0.13x)
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Global Payments with Transaction & Payment Processing Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 2016201720182019202020212022202320242025Now
Share price$73.15$94.45$97.21$172.31$204.21$128.83$95.45$123.15$109.64$76.64$99.63
Market value$9.7bn$14.7bn$15.5bn$34.3bn$61.4bn$37.8bn$26.3bn$32.2bn$27.9bn$18.5bn$25.4bn
+ Net debt (− = net cash)$0$4.0bn$4.6bn$7.9bn$7.7bn$10.0bn$12.2bn$15.3bn$14.5bn$13.6bn$18.2bn
Enterprise value$9.7bn$18.6bn$20.1bn$42.2bn$69.1bn$47.8bn$38.6bn$47.5bn$42.4bn$32.1bn$43.7bn
Multiples
Price / sales 3.4x3.7x4.6x7.0x8.3x4.4x2.9x4.4x3.6x2.4x2.5x
Price / earnings 35.9x31.4x34.3x79.7x105.0x39.2xn/m32.7x17.8x13.2x—
Price / free cash flow 19.4x44.5x17.3x31.7x32.7x16.5x16.2x17.0x11.7x9.1x30.9x
EV / EBITDA 15.9x18.5x16.0x25.3x27.5x15.7x16.7x19.3x13.3x10.8x11.9x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

61 /100

Moderate moat

How hard Global Payments's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 2 / 20

    Cash operating profit has been a median 3.6% of total assets over 9 years.

  • Pricing power 14 / 20

    Gross margin has been a median 59.6%, moving by 8.4 percentage points (standard deviation) across 9 years.

  • Durability 10 / 20

    Operating margin has been a median 15.2%; its worst year was 6.4%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 21.2% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 14.6% over five years; stock-based pay has been a median 2.0% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (66 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 5, 2026, before the open. Analysts expect revenue of $3.2bn and EPS of $3.58 (range $3.54 to $3.63) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $13.64 +12% $12.4bn +33%
Next $16.10 +18% $13.0bn +5%

Next year's EPS estimate has moved −0.1% in 90 days, across 37 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.2% on 90 days ago. In the last 30 days, 1 analyst raised Global Payments's forecast and 3 cut it.

Consensus EPS forecast Global Payments, last 90 days
$13.00 $14.00 $15.00 $16.00 $17.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $13.80 Current fiscal year, 60 days ago: $13.68 Current fiscal year, 30 days ago: $13.65 Current fiscal year, 7 days ago: $13.64 Current fiscal year, Now: $13.64 $13.64 Next fiscal year, 90 days ago: $16.12 Next fiscal year, 60 days ago: $16.02 Next fiscal year, 30 days ago: $16.01 Next fiscal year, 7 days ago: $16.10 Next fiscal year, Now: $16.10 $16.10

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $13.80$16.12
60 days ago $13.68$16.02
30 days ago $13.65$16.01
7 days ago $13.64$16.10
Now $13.64$16.10

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $3.44 $3.46 +0.6%
Mar 2026 $2.81 $2.96 +5.4%
Dec 2025 $3.16 $3.18 +0.6%
Sept 2025 $3.23 $3.26 +0.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 5, 2026
  • constant currency adjusted net revenue growth the full year 4% growth to 5% growth Non-GAAP
    “Given the ongoing conflict in the Middle East and its impact on our travel portfolio, we now expect normalized 1 , constant currency adjusted net revenue growth of approximately 4% - 5% and adjusted earnings per share of $13.60 - $13.80 for the full year.” source
  • GAAP revenues 2026 70% growth to 71% growth GAAP
    “GAAP revenues 70% to 71%” source
  • adjusted earnings per share the full year $13.60 to $13.80 Non-GAAP
    “Given the ongoing conflict in the Middle East and its impact on our travel portfolio, we now expect normalized 1 , constant currency adjusted net revenue growth of approximately 4% - 5% and adjusted earnings per share of $13.60 - $13.80 for the full year.” source
  • GAAP diluted EPS 2026 -187% growth to -185% growth GAAP
    “GAAP diluted EPS (185)% to (187)%” source
  • CC adjusted EPS 2026 11% growth to 13% growth Non-GAAP
    “CC adjusted EPS 11% to 13%” source
  • adjusted operating margin expansion the full year about 150 Non-GAAP
    “We continue to expect normalized 1 adjusted operating margin expansion of approximately 150 basis points for the full year and to return more than $2 billion of capital to shareholders in 2026.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

37 analysts, Oct 2026
Buy1746%
Hold1849%
Sell25%

Monthly trend

  1. Oct 2026151837
  2. Sep 2026122036
  3. Aug 2026121834
  4. Jul 2026111934

Counts of recommendations published by analysts covering Global Payments, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.6%
of tradable shares
Days to cover
6.49
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.9%
of shares
Employees
26,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +29.8%

$76.76 on October 31, 2025 to $99.63

ThenNowEffect
Revenue (last 12 months) $7.7bn $10.2bn +32.5%
P/S multiple 2.5x 2.5x +0.2%
Share count 249m 255m −2.3%

Biggest factor: revenue. Loss-making at one end, so the split uses price/sales.

Last 3 years −9.5%

$110.10 on November 3, 2023 to $99.63

ThenNowEffect
Revenue (last 12 months) $9.3bn $10.2bn +10.2%
P/S multiple 3.2x 2.5x −21.4%
Share count 266m 255m +4.4%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
GPN−37%−26%+29%−11%−30%+30%
Industry peers (median)−18%−35%+6%+13%−23%+5%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
GPN42%50%58%50%33%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
GPN−46%−38%−20%−33%−40%−24%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 70% from April 29, 2021 to June 10, 2026. Getting back needed a 235% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$62.06 – $99.63
From 52-week high
0.0%
vs 50-day average
+15.4%
vs 200-day average
+29.9%
Volatility (1 year)
42%
Beta vs S&P 500
0.84

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±6.2%
After a week
7 up, 5 down
typical move ±7.6%
After a month
5 up, 7 down
typical move ±8.6%
Results releasedNext dayS&P 500 next day5 days21 days
August 5, 2026 −0.6% −0.4% +0.3% +4.0%
May 6, 2026 +1.0% +1.1% −3.5% −4.5%
February 18, 2026 +15.0% +0.2% +11.7% −2.0%
November 4, 2025 +2.7% −0.8% +0.2% +3.4%
August 6, 2025 +4.6% +0.7% +10.3% +11.9%
May 6, 2025 −0.5% −0.4% +4.4% −4.1%
April 17, 2025 −19.8% −2.2% −13.8% −3.9%
February 13, 2025 −2.9% +1.1% −5.2% −11.8%
October 30, 2024 +4.7% −2.3% +16.1% +20.1%
August 7, 2024 +11.9% +1.6% +13.0% +16.1%
May 1, 2024 −10.0% +0.6% −9.5% −17.0%
February 14, 2024 +1.3% +1.6% −2.7% −4.4%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Global Payments
$6B $7B $8B $9B $10B $11B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $9.5B Revenue (TTM), FY23 Q4: $7.4B Revenue (TTM), FY24 Q1: $7.5B Revenue (TTM), FY24 Q2: $7B Revenue (TTM), FY24 Q3: $6.5B Revenue (TTM), FY24 Q4: $8.3B Revenue (TTM), FY25 Q1: $7.7B Revenue (TTM), FY25 Q2: $7.7B Revenue (TTM), FY25 Q3: $7.7B Revenue (TTM), FY25 Q4: $7.7B Revenue (TTM), FY26 Q1: $8.9B Revenue (TTM), FY26 Q2: $10.2B $10.2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $9.5B
FY23 Q4 $7.4B
FY24 Q1 $7.5B
FY24 Q2 $7B
FY24 Q3 $6.5B
FY24 Q4 $8.3B
FY25 Q1 $7.7B
FY25 Q2 $7.7B
FY25 Q3 $7.7B
FY25 Q4 $7.7B
FY26 Q1 $8.9B
FY26 Q2 $10.2B
Revenue growth, TTM YoY Global Payments
-40% -20% 0% 20% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 6.2% Revenue growth, TTM YoY, FY23 Q4: -17.8% Revenue growth, TTM YoY, FY24 Q1: -17.6% Revenue growth, TTM YoY, FY24 Q2: -24.3% Revenue growth, TTM YoY, FY24 Q3: -30.9% Revenue growth, TTM YoY, FY24 Q4: 12.8% Revenue growth, TTM YoY, FY25 Q1: 2.9% Revenue growth, TTM YoY, FY25 Q2: 9.9% Revenue growth, TTM YoY, FY25 Q3: 18.1% Revenue growth, TTM YoY, FY25 Q4: -7.1% Revenue growth, TTM YoY, FY26 Q1: 15.0% Revenue growth, TTM YoY, FY26 Q2: 32.5% 32.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 6.2%
FY23 Q4 -17.8%
FY24 Q1 -17.6%
FY24 Q2 -24.3%
FY24 Q3 -30.9%
FY24 Q4 12.8%
FY25 Q1 2.9%
FY25 Q2 9.9%
FY25 Q3 18.1%
FY25 Q4 -7.1%
FY26 Q1 15.0%
FY26 Q2 32.5%
Operating margin (TTM) Global Payments
10% 15% 20% 25% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 17.2% Operating margin (TTM), FY23 Q4: 17.8% Operating margin (TTM), FY24 Q1: 22.8% Operating margin (TTM), FY24 Q2: 22.5% Operating margin (TTM), FY24 Q3: 22.4% Operating margin (TTM), FY24 Q4: 24.8% Operating margin (TTM), FY25 Q1: 25.7% Operating margin (TTM), FY25 Q2: 24.7% Operating margin (TTM), FY25 Q3: 29.0% Operating margin (TTM), FY25 Q4: 22.2% Operating margin (TTM), FY26 Q1: 14.9% Operating margin (TTM), FY26 Q2: 12.4% 12.4%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 17.2%
FY23 Q4 17.8%
FY24 Q1 22.8%
FY24 Q2 22.5%
FY24 Q3 22.4%
FY24 Q4 24.8%
FY25 Q1 25.7%
FY25 Q2 24.7%
FY25 Q3 29.0%
FY25 Q4 22.2%
FY26 Q1 14.9%
FY26 Q2 12.4%
FCF margin (TTM) Global Payments
0% 10% 20% 30% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 17.4% FCF margin (TTM), FY23 Q4: 25.6% FCF margin (TTM), FY24 Q1: 24.5% FCF margin (TTM), FY24 Q2: 29.5% FCF margin (TTM), FY24 Q3: 37.9% FCF margin (TTM), FY24 Q4: 28.6% FCF margin (TTM), FY25 Q1: 31.4% FCF margin (TTM), FY25 Q2: 31.9% FCF margin (TTM), FY25 Q3: 30.9% FCF margin (TTM), FY25 Q4: 26.4% FCF margin (TTM), FY26 Q1: 12.0% FCF margin (TTM), FY26 Q2: 8.0% 8.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 17.4%
FY23 Q4 25.6%
FY24 Q1 24.5%
FY24 Q2 29.5%
FY24 Q3 37.9%
FY24 Q4 28.6%
FY25 Q1 31.4%
FY25 Q2 31.9%
FY25 Q3 30.9%
FY25 Q4 26.4%
FY26 Q1 12.0%
FY26 Q2 8.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-KT, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 May 2009 2010 May 2010 2011 May 2011 2012 May 2012 2013 May 2013 2014 May 2014 2015 May 2015 2016 May 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 1.5 1.6 1.9 2.2 2.4 2.6 2.8 2.9 4.0 3.4 4.9 7.4 8.5 9.0 7.4 7.7 7.7 10.2
Gross profit — — — — — — — 1.8 2.0 2.3 2.8 3.8 4.8 5.2 5.3 5.7 5.6 6.5
EBITDA — 0.4 0.4 0.4 0.5 0.5 0.6 0.6 1.0 1.3 1.7 2.5 3.1 2.3 2.5 3.2 3.0 3.7
Operating income 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.4 0.6 0.7 0.8 0.9 1.4 0.6 1.3 2.0 1.8 1.3
Net income 0.0 0.2 0.2 0.2 0.2 0.2 0.3 0.3 0.5 0.5 0.4 0.6 1.0 0.1 1.0 1.6 1.4 −0.9
Diluted EPS $0.46 $1.24 $1.30 $1.19 $1.38 $1.69 $2.06 $2.04 $3.01 $2.84 $2.16 $1.95 $3.29 $0.40 $3.77 $6.16 $5.78 −$3.66
Growth (year on year)
Revenue — +12.3% +13.2% +18.5% +7.8% +7.5% +8.6% +4.5% +37.2% −15.3% +45.9% +51.1% +14.8% +5.3% −17.8% +4.8% −0.4% +32.5%
EBITDA — — +5.6% −1.8% +15.4% +12.5% +12.6% +3.2% +64.8% +24.7% +32.5% +50.2% +21.6% −24.5% +6.7% +29.9% −6.5% +17.8%
Operating income — +10.5% +2.6% −7.3% +16.2% +13.5% +12.6% −6.9% +31.5% +31.9% +7.4% +13.0% +52.0% −52.9% +105.5% +50.1% −11.1% −33.4%
Net income — +446.3% +2.9% −10.1% +14.9% +13.5% +13.4% −2.3% +72.4% −3.5% −4.7% +35.7% +65.2% −88.5% — +59.2% −10.8% −165.3%
Diluted EPS — +169.6% +4.8% −8.8% +16.5% +22.5% +21.9% −1.0% +47.5% −5.6% −23.9% −9.7% +68.7% −87.8% — +63.4% −6.2% −163.9%
Margins
Gross margin — — — — — — — 60.4% 51.5% 67.5% 57.8% 50.8% 55.7% 57.9% 72.0% 73.7% 72.6% 63.9%
EBITDA margin — 23.9% 22.3% 18.4% 19.7% 20.7% 21.4% 21.1% 25.4% 37.4% 34.0% 33.8% 35.8% 25.7% 33.3% 41.3% 38.7% 35.8%
Operating margin 20.0% 19.7% 17.8% 13.9% 15.0% 15.9% 16.5% 14.7% 14.1% 21.9% 16.1% 12.0% 15.9% 7.1% 17.8% 25.5% 22.8% 12.4%
Net margin 2.5% 12.4% 11.3% 8.5% 9.1% 9.6% 10.0% 9.4% 11.8% 13.4% 8.8% 7.9% 11.3% 1.2% 13.4% 20.3% 18.2% −9.1%
Free-cash-flow margin 23.4% 24.9% 32.9% −12.9% 6.0% 4.4% 12.2% 17.3% 8.3% 26.5% 22.1% 25.3% 26.8% 18.1% 25.6% 30.8% 26.5% 8.0%
Cash flow
Cash from operations 0.4 0.5 0.7 −0.2 0.2 0.2 0.4 0.6 0.5 1.1 1.4 2.3 2.8 2.2 2.5 3.1 2.7 1.7
Capital spending 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.2 0.3 0.4 0.5 0.6 0.7 0.7 0.6 0.8
Free cash flow 0.3 0.4 0.6 −0.3 0.1 0.1 0.3 0.5 0.3 0.9 1.1 1.9 2.3 1.6 1.9 2.4 2.0 0.8
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.2 0.2 0.2 0.2 0.2 0.1
Free cash flow after stock pay 0.3 0.4 0.6 −0.3 0.1 0.1 0.3 0.5 0.3 0.8 1.0 1.7 2.1 1.5 1.7 2.2 1.9 0.7
Balance sheet
Cash — — — — — — — — 1.3 1.2 1.7 1.9 2.0 2.0 2.1 2.4 8.3 5.4
Total debt 0.0 0.6 0.9 0.7 1.2 1.8 2.3 — 5.3 5.8 9.6 9.7 12.0 14.2 17.3 16.8 21.9 23.7
Net debt (negative = net cash) — — — — — — — — 4.0 4.6 7.9 7.7 10.0 12.2 15.3 14.5 13.6 18.2
Diluted shares — 164m 161m 159m 156m 145m 135m 133m 156m 159m 199m 301m 294m 276m 262m 255m 242m 255m
Returned to shareholders
Dividends 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 0.3 0.3 0.3 0.2 0.3
Buybacks — 0.1 0.0 — — — — — 0.0 0.2 0.3 0.6 2.5 2.9 0.4 1.6 1.2 1.6
Total returned 0.0 0.1 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.2 0.3 0.9 2.8 3.2 0.7 1.8 1.4 1.9

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 7 checks passed · June 30, 2026
What it owns · $63.6bn
Short-term assets $11.7bnLonger-term assets $51.9bn
What it owes, and who funded it · $62.7bn
Short-term liabilities $14.2bnLonger-term liabilities $25.5bnShareholders' equity $23.1bn
  • Short-term assets cover short-term liabilities $11.7bn of assets due within a year against $14.2bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $11.7bn short-term assets against $25.5bn of longer-dated liabilities.
  • More cash than debt $5.4bn of cash against $22.5bn of debt.
  • Debt below 40% of shareholders' equity Debt is 97% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 45% to 97% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.7bn of operating cash flow against $22.5bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.3bn against $838m of interest.

From Global Payments's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$1.6B
Dividends (TTM)
$252M
Returned to shareholders
225%
of free cash flow
Buybacks, last 3 fiscal years
$3.2B
Diluted share count
+2.3%
year over year
Total shareholder yield
7.0%
dividends 0.9% + buybacks 6.0% of market value
Sales & admin spending
54.2%
of revenue
Days sales outstanding
56 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in transaction & payment processing services
Last 12 months unless stated GPN CPAY FISV FOUR EEFT AFRM Median
Revenue, last 12 months $10.2bn $5.0bn $20.9bn $4.8bn $4.4bn $4.3bn $1.7bn
Revenue growth, last 12 months 32.5% 20.4% −1.2% 32.4% 5.8% 32.2% 9.7%
Revenue growth, 3-year average 3.3% 11.5% 4.2% 28.2% 7.5% 39.0% 7.5%
Revenue growth, latest quarter 68.6% 21.5% −4.1% 34.1% 3.2% 33.0% 14.2%
Gross margin 63.9% — — 20.1% 41.4% — 46.4%
Operating margin 12.4% 43.7% 22.3% 8.1% 11.5% 9.8% 10.1%
Operating margin, 3-year average 19.9% 44.3% 26.9% 7.0% 12.2% −6.5% 11.3%
Net margin −9.1% 22.7% 13.4% 2.2% 6.6% 45.3% 5.6%
Cash from operations / revenue 16.2% 36.8% 27.9% 12.4% 9.2% 28.9% 16.2%
Free-cash-flow margin 8.0% 32.6% 18.8% 12.0% 6.1% 23.3% 15.5%
Free-cash-flow margin, 3-year average 23.1% 41.4% 20.9% 13.1% 11.4% 18.2% 16.8%
Stock pay / revenue 1.4% 2.3% 1.8% 1.8% 1.4% 7.2% 2.1%
Change in share count 2.3% −3.3% −5.2% — 1.8% 2.3% −2.2%

Median of all 31 companies we cover in transaction & payment processing services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue Share YoY
Merchant Solutions $7.7B 100.0% ▼ 0.4%
Consumer Solutions $0 0.0% —

From Global Payments's 10-K filed February 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$20.5B
Institutions reporting
787
Shares held vs prior quarter
▲ 7.4%
Positions opened / closed
84 / 95

Top buyers and sellers, Q2 2026: 357 institutions bought and 402 sold ; the biggest buyer was Ameriprise Financial Inc (+4.4M shares) and the biggest seller Citadel Advisors LLC (−2.9M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Gtcr LLC $3.1B 43.3M 15.3% 0.0%
Blackrock, Inc. $1.4B 19.0M 6.7% ▲ 0.4%
Vanguard Capital Management LLC $1.1B 14.7M 5.2% ▼ 0.5%
Harris Associates L P $937M 12.9M 4.6% ▲ 8.9%
Ameriprise Financial Inc $884M 12.2M 4.3% ▲ 55.6%
Pzena Investment Management LLC $848M 11.7M 4.1% ▲ 0.7%
State Street Corp $763M 10.5M 3.7% 0.0%
Vanguard Portfolio Management LLC $718M 9.9M 3.5% ▼ 0.7%
Glenview Capital Management, LLC $646M 8.9M 3.2% ▲ 40.0%
Bank Of America Corp $544M 7.5M 2.7% ▲ 55.9%
FMR LLC $506M 7.0M 2.5% ▲ 37.6%
Pinnacle Financial Partners, Inc. $503M 6.9M 2.5% ▼ 2.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Global Payments's complete shareholder register. Values are as reported by the filers ; 6 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $1.3M 4 trades by 3 insiders, last 12 months Insider sales History → $1.4M 3 trades by 3 insiders · 0% under pre-set plans
Net ▼ $153,234 net selling
Insider Date Trade Shares Price Value
Johnson Joia M Director February 20, 2026 Buy 1,213 $81.90 $99,345
Baldwin Robert H B Jr Director December 11, 2025 Buy 10,392 $81.42 $846,117
Sheffield David M EVP, Chief Accounting Officer December 11, 2025 Sell 2,016 $81.41 $164,123
Baldwin Robert H B Jr Director December 10, 2025 Buy 3,000 $80.25 $240,750
Green David Lawrence Chief Administrative Officer December 3, 2025 Sell 11,600 $79.99 $927,884
Mcdaniel Connie D Director November 12, 2025 Sell 4,464 $77.81 $347,344
Watson Patricia A Director November 7, 2025 Buy 1,331 $75.06 $99,905

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 28 trades and filings

In the last 12 months, 1 member of Congress disclosed 2 purchases and 3 sales of Global Payments shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded May 15, 2026, filed June 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded April 14, 2026, filed May 8, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (full), $1,001 - $15,000, traded December 19, 2025, filed January 12, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 5, 2026
  • May 6, 2026
  • February 18, 2026
  • November 4, 2025
  • August 6, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Global Payments was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Global Payments in brief

What does Global Payments do?
Global Payments is a US-listed company in the transaction & payment processing services industry. Its financial year ends in December.
What is Global Payments's stock ticker?
Global Payments trades under the ticker GPN on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Global Payments's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Global Payments reported revenue of $10.2B, 32.5% higher than a year earlier, according to its SEC filings.
What is Global Payments's free cash flow?
Global Payments's free-cash-flow margin is 8.0% of revenue over the trailing twelve months.
Who are Global Payments's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Gtcr LLC, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Global Payments buying back stock, and does it pay a dividend?
Global Payments spent $1.6B on share repurchases over the trailing twelve months, and its diluted share count still rose 2.3% over the year.
What is Global Payments's market cap?
On November 2, 2026, Global Payments's market capitalisation was about $25.4B and net debt of $18.2B. Market figures come from third-party market data and may be delayed.
Does Global Payments pay a dividend?
Yes: Global Payments paid $252M in dividends over the trailing twelve months, a dividend yield of 0.95%.
How much debt does Global Payments have?
Global Payments's debt-to-equity ratio is 97.4%, from its latest balance sheet (44.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Global Payments's competitors?
In our Transaction & Payment Processing Services peer group, the companies closest to Global Payments are Corpay, Fiserv, Shift4 Payments, Inc., Euronet Worldwide, Inc. and Affirm Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Global Payments's.
Are insiders buying or selling Global Payments stock?
Over the last 12 months, Global Payments's directors and officers reported 4 open-market purchases and 3 sales on Form 4. The insider trading page charts every trade.
When is Global Payments's next earnings date?
Around November 5, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Global Payments announces its own schedule.