Global Payments Inc. (GPN) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$3.44	$3.46	+0.6%	—	—	—
Q4 26	$2.81	$2.96	+5.3%	—	—	—
Q3 26	$3.16	$3.18	+0.6%	—	—	—
Q2 26	$3.23	$3.26	+0.9%	—	—	—
Q1 26	$3.06	$3.1	+1.3%	—	—	—
Q4 25	$2.72	$2.69	-1.1%	—	—	—
Q3 25	$2.96	$2.95	-0.3%	—	—	—
Q2 25	$3.1	$3.08	-0.6%	—	—	—
Q1 25	$2.91	$2.93	+0.7%	—	—	—
Q4 24	$2.57	$2.59	+0.8%	—	—	—
Q3 24	$2.64	$2.65	+0.4%	—	—	—
Q2 24	$2.71	$2.75	+1.5%	—	—	—
Q1 24	$2.58	$2.62	+1.6%	—	—	—
Q4 23	$2.31	$2.4	+3.9%	—	—	—
Q3 23	$2.41	$2.42	+0.4%	—	—	—
Q2 23	$2.48	$2.48	0.0%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$5.79	—	—	$7.7B	—
FY24	—	$6.18	—	—	$10.1B	—
FY23	—	$3.78	—	—	$9.7B	—
FY22	—	$0.41	—	—	$9B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$2.9B	$4B	$3.4B	$4.9B	$7.4B	$8.5B	$9B	$9.7B	$10.1B	$7.7B
YoY change	+4.49%	+37.2%	-15.3%	+45.9%	+51.1%	+14.8%	+5.3%	+7.56%	+4.68%	-23.7%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	2.9B	4B	3.4B	4.9B	7.4B	8.5B	9B	9.7B	10.1B	7.7B
Cost of revenue	1.1B	1.9B	1.1B	2.1B	3.7B	3.8B	3.8B	3.7B	3.8B	2.1B
Gross profit	1.8B	2B	2.3B	2.8B	3.8B	4.8B	5.2B	5.9B	6.3B	5.6B
Gross margin	60.4%	51.5%	67.5%	57.8%	50.8%	55.7%	57.9%	61.4%	62.8%	72.6%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.3B	1.5B	1.5B	2B	2.9B	3.4B	3.5B	4.1B	4.3B	4.1B
Operating expenses	1.3B	1.5B	1.5B	2B	2.9B	3.4B	3.5B	4.1B	4.3B	4.1B
Operating income	424.9M	558.9M	737.1M	791.4M	894M	1.4B	1.7B	1.9B	2.1B	1.5B
Operating margin	14.7%	14.1%	21.9%	16.1%	12%	15.9%	18.6%	19.2%	20.4%	19.1%
Non-operating income, net	—	—	—	—	—	—	-1B	-136.7M	273.1M	282.8M
Pretax income	360.9M	392.7M	562.2M	517.9M	594M	1B	224.3M	1.2B	1.9B	1.3B
Income tax	70.7M	-101.4M	77.5M	62.2M	77.2M	169M	166.7M	209M	295.1M	251.6M
Net income	290.2M	494.1M	484.7M	469.3M	605.1M	987.9M	143.3M	1B	1.6B	1.5B
Net margin	10%	12.4%	14.4%	9.55%	8.15%	11.6%	1.6%	10.7%	16.3%	18.9%
EBITDA	618.1M	1B	1.3B	1.7B	2.6B	3.1B	3.4B	3.7B	4.1B	3B
EPS	2.05	3.03	2.85	2.17	1.95	3.3	0.41	3.78	6.18	5.79
Diluted EPS	2.04	3.01	2.84	2.16	1.95	3.29	0.4	3.77	6.16	5.78

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	7.2B	2.4B	2.4B	2.6B	2.6B	2.5B	2.4B	2B	2B	1.9B	3B	3.3B
Cost of revenue	2.8B	922.3M	922.4M	938.5M	946.9M	952.3M	921.2M	498.8M	556.7M	569M	1.3B	1.3B
Gross profit	4.4B	1.5B	1.5B	1.6B	1.7B	1.6B	1.5B	1.5B	1.5B	1.4B	1.7B	2B
Gross margin	61.1%	62.1%	61.9%	63.5%	63.6%	62.1%	61.8%	74.5%	72.3%	70.6%	57.1%	61%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	3.1B	1B	1B	1.1B	1.2B	1B	1B	1B	1B	1.1B	1.7B	1.7B
Operating expenses	3.1B	1B	1B	1.1B	1.2B	1B	1B	1B	1B	1.1B	1.7B	1.7B
Operating income	1.4B	496.4M	452.3M	572.6M	475.6M	560M	466.9M	426.9M	434.1M	234.7M	-15.6M	337.1M
Operating margin	18.8%	20.4%	18.7%	22.3%	18.3%	22.3%	19.4%	21.8%	21.6%	12.1%	-0.53%	10.2%
Non-operating income, net	-139.1M	2.4M	—	—	—	—	4M	267K	343.9M	-65.4M	—	—
Pretax income	802M	367.9M	326M	448.8M	375M	719M	353.2M	310.5M	655.7M	23.9M	-224.5M	104.3M
Income tax	199.7M	9.3M	19.4M	77.8M	57.4M	140.5M	58.7M	118.3M	199.3M	-111M	-11.8M	-4.9M
Net income	656.4M	372.4M	323.1M	389.3M	333.5M	598.3M	312.8M	246.1M	660.6M	236.6M	-1.8B	28.9M
Net margin	9.09%	15.3%	13.3%	15.2%	12.8%	23.8%	13%	12.6%	32.9%	12.2%	-59.9%	0.87%
EBITDA	1.9B	983.9M	949.3M	1.1B	1B	1.1B	958.4M	786.5M	758.8M	630.8M	882.6M	1.3B
EPS	2.4	1.39	1.22	1.47	1.24	2.26	1.24	0.99	2.65	0.92	-6.59	0.05
Diluted EPS	2.39	1.38	1.22	1.47	1.24	2.25	1.24	0.99	2.64	0.92	-6.59	0.05

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	10.3B	—	16.4B	—	—	39.6B	27.3B	33.2B	28.5B	18.7B	22.4B
Enterprise value	14.1B	—	21B	—	—	49.7B	39.6B	48.4B	42.8B	32.2B	41.9B
Shares outstanding	132.3M	154.7M	158.7M	198.3M	299.2M	292.7M	275.2M	261.1M	254.3M	241.8M	241.8M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	35.4	—	33.8	—	—	40	190.7	32.2	17.3	12.9	41
P/S	3.55	—	4.86	—	—	4.64	3.05	3.44	2.82	2.43	2.24
P/B	3.57	—	3.91	—	—	1.53	1.21	1.39	1.24	0.79	0.99
EV/EBITDA	22.9	—	16.4	—	—	16.2	11.8	12.9	10.5	10.6	9.35
EV/Sales	4.87	—	6.23	—	—	5.83	4.41	5.02	4.23	4.18	4.1
Earnings yield	2.82%	—	2.96%	—	—	2.5%	0.52%	3.1%	5.77%	7.78%	2.44%
FCF yield	4.88%	—	5.46%	—	—	5.78%	5.96%	4.8%	10%	10.9%	35.1%
PEG	—	—	—	—	—	—	—	—	—	—	-0.43

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	60.4%	51.5%	67.5%	57.8%	50.8%	55.7%	57.9%	61.4%	62.8%	72.6%	61%
Operating margin	14.7%	14.1%	21.9%	16.1%	12%	15.9%	18.6%	19.2%	20.4%	19.1%	16.1%
Net margin	10%	12.4%	14.4%	9.55%	8.15%	11.6%	1.6%	10.7%	16.3%	18.9%	-9.15%
ROE	10.1%	12.5%	11.6%	1.67%	2.2%	3.82%	0.64%	4.33%	7.14%	6.12%	2.43%
ROA	2.76%	3.8%	3.66%	1.06%	1.37%	2.18%	0.32%	2.03%	3.51%	2.73%	2.33%
ROIC	5.08%	7.05%	7.22%	1.93%	2.2%	3.17%	1.23%	3.9%	4.65%	3.16%	2.05%
Return on tangible assets	-7.89%	-17.8%	-10.9%	-1.6%	-2.19%	-3.58%	-0.68%	-4.42%	-6.98%	13.6%	2.92%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.17	1.13	1.03	1.22	1.01	1.06	0.92	0.99	0.97	1.69	0.82
Quick ratio	1.17	1.13	1.03	1.22	1.01	1.06	0.92	0.99	0.97	1.69	0.82
Debt / equity	1.7	1.34	1.39	0.34	0.35	0.47	0.63	0.73	0.73	0.92	0.98
Debt / assets	0.47	0.41	0.44	0.22	0.22	0.27	0.32	0.34	0.36	0.41	0.37
Net debt / EBITDA	6.23	3.89	3.61	4.7	3.06	3.29	3.65	4.08	3.49	4.45	5.13
Interest coverage	6.21	3.25	3.87	2.7	2.73	4.13	1.5	2.77	3.95	2.94	2.94
Effective tax rate	19.6%	0%	13.8%	12%	13%	16.2%	74.3%	17.9%	15.8%	20%	12.8%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	21.9	25.7	21.2	24.8	24.8	29.1	32.6	37	39.7	31.9	40
EPS (basic)	2.05	3.03	2.85	2.17	1.95	3.3	0.41	3.78	6.18	5.79	5.79
EPS (diluted)	2.04	3.01	2.84	2.16	1.95	3.29	0.4	3.77	6.16	5.78	2.11
Book value per share	21.8	25.6	26.4	141.5	91.9	88.4	81.9	91.1	90.5	98.3	86.9
FCF per share	3.79	2.14	5.63	5.46	6.28	7.82	5.92	6.09	11.2	8.43	3.05
Cash per share	7.9	8.64	7.63	8.46	6.5	6.76	7.26	8	9.98	34.5	20.4
Capex per share	0	0.24	0	0	—	—	—	—	—	2.55	3.09

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	0%	0.94%	0%	0%	—	—	—	—	—	8.02%	8.16%
Capex / operating cash flow	0%	1.6K%	0%	0%	—	—	—	—	—	23.3%	50.4%
Payout ratio	1.87%	1.36%	1.31%	18.5%	38.5%	26.3%	191.2%	25.3%	15.4%	16.4%	47.4%
Dividend yield	0.05%	—	0.04%	—	—	0.66%	1%	0.79%	0.89%	1.27%	1.18%

Yield

1.18%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.25

ex-dividend Sep 11, 2026

Payout ratio

47%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Sep 11, 2026	$0.25
Jun 12, 2026	$0.25
Mar 9, 2026	$0.25

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$7.2B	$2.4B	$2.4B	$2.6B	$2.6B	$2.5B	$2.4B	$2B	$2B	$1.9B	$3B	$3.3B
YoY change	+215.9%	+8.03%	+5.57%	+4.74%	-64%	+3.35%	-0.33%	-23.8%	-22.8%	-23.2%	+23.1%	+69.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	1B	1.3B	1.2B	1.7B	1.9B	2B	2B	2.1B	2.5B	8.3B
Receivables	281.6M	301.9M	348.4M	895.2M	794.2M	946.2M	998.3M	1.1B	1.1B	784.2M
Inventory	—	—	—	—	—	—	—	—	—	—
Total current assets	2.9B	4.3B	3.4B	4.4B	4.6B	4.7B	6.3B	8.1B	6B	12.6B
Property, plant & equipment	430.8M	559M	626.4M	1.2B	1.4B	1.5B	1.6B	2B	2.1B	1.5B
Goodwill & intangibles	14.2B	15.8B	17.7B	73.8B	71.8B	72.9B	66B	73.8B	70.4B	42.6B
Total assets	10.5B	13B	13.2B	44.5B	44.2B	45.3B	44.8B	50.6B	46.9B	53.3B
Accounts payable	25.2M	47.4M	76.2M	148.1M	128.7M	262M	229.4M	290.4M	320.1M	278.1M
Short-term debt	514M	735.5M	815.6M	587.2M	1.3B	666.3M	2B	1.7B	1.7B	2.3B
Total current liabilities	2.4B	3.8B	3.3B	3.6B	4.5B	4.5B	6.9B	8.1B	6.3B	7.5B
Long-term debt	4.4B	4.6B	5B	9.1B	8.5B	11.4B	12.3B	15.7B	15.2B	19.5B
Total liabilities	7.6B	9B	9B	16.4B	16.7B	19.4B	22.3B	26.8B	23.9B	29.6B
Shareholders' equity	2.9B	4B	4.2B	28.1B	27.5B	25.9B	22.5B	23.8B	23B	23.8B
Total debt	4.9B	5.3B	5.8B	9.7B	9.8B	12.1B	14.3B	17.4B	16.8B	21.9B
Net debt	3.8B	4B	4.6B	8B	7.8B	10.1B	12.3B	15.3B	14.3B	13.5B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	1.9B	2.1B	2.2B	2.1B	2.9B	2.5B	2.9B	2.6B	2.6B	8.3B	5.9B	5.4B
Receivables	1.1B	1.1B	1.1B	1.1B	1.2B	1.1B	1.1B	864.4M	878.2M	784.2M	1.4B	1.6B
Inventory	—	—	—	—	—	—	—	—	—	—	—	—
Total current assets	6.8B	8.1B	9.7B	8.6B	7.9B	6B	6.7B	7.8B	7.2B	12.6B	11.7B	11.7B
Property, plant & equipment	—	2B	—	—	—	2.1B	—	—	—	1.5B	—	—
Goodwill & intangibles	73.6B	73.8B	73.1B	72.9B	72.6B	70.4B	70.2B	42.2B	42B	42.6B	94.5B	92.8B
Total assets	48.9B	50.6B	51.8B	50.8B	50B	46.9B	47.6B	48.5B	48B	53.3B	64.3B	63.6B
Accounts payable	—	290.4M	—	2.7B	2.7B	320.1M	2.9B	2.2B	—	278.1M	3.7B	3.7B
Short-term debt	790.5M	1.7B	2.7B	2.6B	2.3B	1.7B	1.9B	2.5B	2.9B	2.3B	2.6B	2.1B
Total current liabilities	6.2B	8.1B	10.5B	9.3B	8.5B	6.3B	7.1B	8.2B	8.4B	7.5B	14.7B	14.2B
Long-term debt	16.6B	15.7B	15.6B	15.6B	15.2B	15.2B	15B	14.2B	13.3B	19.5B	21B	21.5B
Total liabilities	25.8B	26.8B	28.8B	27.6B	26.4B	23.9B	24.6B	25.1B	24.5B	29.6B	39.6B	39.6B
Shareholders' equity	23.2B	23.8B	23B	23.2B	23.6B	23B	23B	23.4B	23.5B	23.8B	24.7B	24B
Total debt	17.4B	17.4B	18.2B	18.2B	17.6B	16.8B	16.9B	16.6B	16.2B	21.9B	23.6B	23.6B
Net debt	15.4B	15.3B	16.1B	16.1B	14.6B	14.3B	14B	14B	13.6B	13.5B	17.7B	18.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	290.2M	494.1M	484.7M	469.3M	605.1M	987.9M	143.3M	1B	1.6B	1.5B
Depreciation & amortization	187.9M	451.2M	522.8M	878.3M	1.6B	1.7B	1.7B	1.8B	1.9B	1.4B
Stock-based compensation	30.8M	39.1M	57.8M	89.6M	148.8M	180.8M	163.3M	209M	164.2M	153.6M
Change in working capital	397.7M	-820.4M	133.6M	311.9M	307.7M	95.8M	-442.5M	-373.4M	435.2M	-173.3M
Operating cash flow	905.5M	2.4M	1.2B	1.8B	2.7B	3B	1.4B	2.3B	4B	2.7B
Capital expenditure	0	37.6M	0	0	—	—	—	—	—	-617.8M
Investing cash flow	-2B	-554.1M	-1.3B	-609.2M	-2.1M	-1.8B	-59.9M	-3.7B	501M	-230.3M
Dividends paid	-5.4M	-6.7M	-6.3M	-86.7M	-233.2M	-259.7M	-274M	-260.4M	-252.8M	-238.5M
Share repurchases	-136M	-34.8M	-208.2M	-311.4M	-631.1M	-2.6B	-3B	-459.5M	-1.6B	-1.2B
Financing cash flow	2B	374M	304.1M	9.4M	-1.6B	-454.9M	-1.4B	2.1B	-2.8B	3.7B
Net change in cash	831.2M	-177.8M	282.1M	1.2B	1.1B	723.2M	-80M	726.2M	1.7B	6.1B
Free cash flow	501.3M	330.5M	892.8M	1.1B	1.9B	2.3B	1.6B	1.6B	2.9B	2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	376.6M	372.4M	323.1M	389.3M	333.5M	598.3M	312.8M	246.1M	660.6M	236.6M	-1.8B	28.9M
Depreciation & amortization	458.6M	448.6M	461.1M	470M	474.6M	456.7M	452.1M	324.1M	303.2M	336M	864.8M	884.1M
Stock-based compensation	36.6M	35.7M	40.1M	43.2M	51M	29.9M	39.7M	39.8M	35.3M	38.8M	21.5M	35.7M
Change in working capital	-339.7M	-164.6M	-221M	-187.3M	723.7M	-96.3M	-138.8M	91.8M	97.7M	-160.1M	-702.1M	-256.6M
Operating cash flow	497.1M	659.3M	534.1M	684.3M	1.6B	947.2M	643.5M	817.5M	768.7M	515.2M	-288.8M	662.6M
Capital expenditure	—	—	—	—	—	—	—	-152.2M	-169.8M	-168.2M	-261.3M	-235.7M
Investing cash flow	51.6M	-84.1M	-2.6M	-370.1M	-1.1M	856.7M	-45.5M	-308.1M	548.2M	-309.9M	5.7B	-267.9M
Dividends paid	-65M	-64.8M	-63.6M	-63.4M	-63.4M	-62.3M	-61.1M	-60.4M	-58M	-59.1M	-68.2M	-66.5M
Share repurchases	33.7M	-41.2M	-800M	-143.3M	43.3M	-708.1M	-446.3M	-282.2M	-462.6M	-39.6M	-549.9M	-583.8M
Financing cash flow	-270.8M	-330.4M	-133.3M	-150.5M	-2.1B	-126.7M	-1.9M	-536.7M	-1.6B	5.8B	-8.4B	-872.9M
Net change in cash	278M	244.8M	398.2M	163.7M	-499.7M	1.7B	596.1M	-27.2M	-255.6M	6B	-3B	-478.2M
Free cash flow	257M	500.1M	270.9M	444.4M	1.4B	469.4M	427.5M	665.4M	598.9M	347M	-550.2M	427M

Date	Ratio
Nov 3, 2015	2:1
Oct 31, 2005	2:1

Global Payments Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history