Global Payments Inc (GPN)
Financials · Transaction & Payment Processing Services · US stock · S&P 500 component
$85.88
▲ +2.35 (2.81%)
Fair valueUndervalued
$104 +21.2% to fair value
$52fair band $89–$126$156
Day's range
$83.07 – $85.98
52-week range
$61.16 – $95.88
About Global Payments Inc
Merchants and financial institutions are the customers of Global Payments, which provides payment technology and software. Its services include card acceptance, payment processing, point-of-sale systems and business management software, and it also supports banks with processing services. Customers range from small local businesses to large retailers, restaurants and online merchants. It serves them across many countries through a mix of direct sales and partnerships.
Fees on the payments it processes, together with software subscriptions and related services, generated revenue of $10.2 billion over the last twelve months. Revenue has grown at 4.1% a year across the last three years. The operating margin is 12.4%, the business earns 3% on the capital invested in it, and net debt is 4.6 times EBITDA. The dividend yield is 1.2%. On the site's X-Ray Score it receives 29 out of 100.
Price chart
52-wk range $61.16 – $95.88Volume 2,587,602Daily, split-adjusted
Vitals
Market cap$23.2B
52-week range$61.16 – $95.88
Volume (last day)2,587,602
P/E (TTM)–
EBIT / EV yield3.1%
Free-cash-flow yield3.5%
Dividend yield1.2%
Revenue (TTM)$10.2B
Net income (TTM)−$934M
Operating margin12.4%
Return on capital2.8%
Debt incl. leases$22.4B
Cash & securities$5.4B
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$104middle half of models $100 – $113
Undervalued
+21.2% to fair value
Average of the 9 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $86
Undervalued < $89Fair $89 – $126Overvalued > $126
P/B multiple
$102
P/S multiple
$106
EV/EBITDA multiple
$113
EV/EBIT multiple
$73
EV/revenue multiple
$101
10-year DCF, EBITDA exit · not used
$232
5-year DCF, EBITDA exit · not used
$189
10-year DCF, revenue exit · not used
$226
5-year DCF, revenue exit · not used
$182
10-year DCF, growth exit
$146
5-year DCF, growth exit
$100
Dividend discount, multi-stage
$129
Earnings power value
$68
Growth the price implies
19.6%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Weak business, but the price is low
Our models put fair value above today's price, but models can be wrong, so check the business first. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Financials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
43/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield3.1%
Free-cash-flow yield3.5%
Fair value vs price1.2×
Growth
Weak
34/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)4.1%
EPS growth (3y)143.6%
Growth consistency40%
Profitability
Weak
28/100
Earns lower returns on its capital than most peers.
See the numbers →
Return on invested capital2.8%
Operating margin12.4%
Gross profitability10.3%
Financial health
Weak
14/100
Balance sheet is more stretched than most peers.
See the numbers →
Piotroski F-Score5 / 9
Net debt / EBITDA4.6×
Interest cover1.5×
Dividends
Weak
18/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.2%
Dividends vs free cash flow33%
Dividend growth-4.5%
Quarterly results: last 6 quarters
-0.8%
Mar '25
-0.1%
Jun '25
+0.5%
Sep '25
0.0%
Dec '25
+63.1%
Mar '26
+68.6%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $3.3B, diluted EPS $0.05.
Compare with peers
PYPL PayPal Holdings, Inc.65 JKHY Jack Henry & Associate...63 MA Mastercard Inc57 CPAY Corpay, Inc.55Other Transaction & Payment Processing Services companies by X-Ray Score.
SWOT analysis: Global Payments Inc
Strengthsinside the company
- Earnings per share have compounded at 143.6% a year over three years.
Weaknessesinside the company
- Return on invested capital is only 2.8% (median 9.9% for industry peers), so the business earns little above its cost of capital.
- Operating margin of 12.4% is thin against 22.3% for industry peers.
- Net debt is 4.6x EBITDA, above the 3x level that lenders usually watch.
- Operating profit covers interest only 1.5x.
Opportunitiesvaluation and setting
- The price is 21% below our fair value estimate, with the gap larger than the margin we allow for error.
- Our Market Compass rates the backdrop for Financials as favourable.
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Heavy debt makes profits sensitive to interest rates and refinancing conditions.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare GPN with peers and sector
Medians of 7 Transaction & Payment Processing Services peers and of 70 Financials stocks in our universe.
Largest peers (X-Ray Score): MA 57, PYPL 65, XYZ 45, CPAY 55, FISV 49, FIS 36.
| Metric | GPN | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 29 | 55 | 50 |
| Valuation | 43 | 63 | 52 |
| Growth | 34 | 54 | 54 |
| Profitability | 28 | 63 | 49 |
| Financial health | 14 | 61 | 51 |
| Dividends | 18 | 44 | 54 |
Sector leaders: highest X-Ray Score in Financials
GPN ranks #70 of 71 in Financials and #8 of 8 in Transaction & Payment Processing Services by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for GPN
Each factor is rated by where GPN stands among the 71 Financials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 4 Good · 3 Average · 13 Bad of 20
Growth: 1 · 0 · 2
Profitability: 1 · 0 · 4
Financial strength: 0 · 0 · 4
Valuation: 1 · 2 · 1
Cash flow: 1 · 0 · 2
Efficiency: 0 · 1 · 0
| Factor | GPN | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +4.1% | Bad beats 24% | +8.3% | – | – |
| Revenue growth, last year | −0.4% | Bad beats 13% | +6.9% | +4.8% | ▼ Worse |
| EPS growth, 3 years a year | +143.6% | Good beats 98% | +12.7% | – | – |
| Profitability | |||||
| Gross margin | 63.9% | Good beats 72% | 47.1% | 72.0% | ▼ Worse |
| Operating margin | 12.4% | Bad beats 12% | 29.1% | 17.8% | ▼ Worse |
| Net margin | -9.1% | Bad beats 2% | 21.8% | 13.4% | ▼ Worse |
| Return on invested capital | 2.8% | Bad beats 2% | 13.5% | – | – |
| Return on equity | -4.0% | Bad beats 2% | 15.7% | 4.3% | ▼ Worse |
| Financial strength | |||||
| Net debt / EBITDA | 4.6x | Bad beats 13% | 1.1x | 4.4x | ≈ In line |
| Interest cover | 1.5x | Bad beats 2% | 50.0x | 2.8x | ▼ Worse |
| Current ratio | 0.82 | Bad beats 15% | 1.05 | 0.99 | ▼ Worse |
| Piotroski F-score | 5 / 9 | Bad beats 23% | 7 / 9 | – | – |
| Valuation | |||||
| Price / book | 1.0x | Good beats 95% | 2.2x | 1.3x | ≈ In line |
| Price / sales | 2.3x | Average beats 62% | 3.1x | 4.0x | ▲ Better |
| EV / EBITDA | 11.2x | Average beats 45% | 10.8x | 16.1x | ▲ Better |
| Free cash flow yield | 3.5% | Bad beats 22% | 5.8% | 7.0% | ▼ Worse |
| Cash flow | |||||
| Free cash flow margin | 8.0% | Bad beats 9% | 23.2% | 26.8% | ▼ Worse |
| Free cash flow growth, 3 years a year | +1.9% | Bad beats 30% | +12.7% | – | – |
| Accruals (lower is better) | −4.1% | Good beats 85% | −1.0% | – | – |
| Efficiency | |||||
| Days sales outstanding | 56 days | Average beats 45% | 53 days | 39 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 3 Good · ● 0 Average · ● 13 BadCash quality
Earnings backed by cashGood
Free-cash-flow yieldBad
Risk models
Altman Z''Bad
Piotroski F-ScoreBad
Growth
EPS growth (3y)Good
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Bad
Growth consistencyBad
Balance sheet
Current ratioBad
Net debt / EBITDABad
Interest coverBad
Valuation
Fair value vs priceGood
EBIT / EV yieldBad
Profitability
Return on invested capitalBad
Operating marginBad
Gross profitabilityBad
Each check is graded against the company's sector, not a fixed number. Checklist score 30/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $8.5B | $6.8B | $7.4B | $7.7B | $7.7B |
| Operating income | $1.4B | $310M | $1.3B | $2.0B | $1.8B |
| Net income | $965M | $111M | $986M | $1.6B | $1.4B |
| Operating cash flow | $2.8B | $2.5B | $2.5B | $3.1B | $2.7B |
| Operating margin | 15.9% | 4.5% | 17.8% | 25.5% | 22.8% |
| Free cash flow | $2.3B | $1.9B | $1.9B | $2.4B | $2.0B |
| Diluted EPS | $3.29 | $0.40 | $3.77 | $6.16 | $5.78 |
Fiscal years, from SEC filings.
Technical summary
Daily
Bullish
10 bullish · 2 neutral · 4 bearish
Weekly
Strongly bullish
9 bullish · 1 neutral · 2 bearish
Monthly
Bullish
5 bullish · 1 neutral · 2 bearish
Moving averages (daily)
| SMA 10 | 83.37 | Bullish |
| EMA 10 | 83.81 | Bullish |
| SMA 20 | 82.82 | Bullish |
| EMA 20 | 83.81 | Bullish |
| SMA 50 | 87.00 | Bearish |
| EMA 50 | 84.22 | Bullish |
| SMA 100 | 81.33 | Bullish |
| EMA 100 | 82.16 | Bullish |
| SMA 200 | 76.33 | Bullish |
| EMA 200 | 80.12 | Bullish |
Oscillators (daily)
| RSI (14) | 55.42 | Neutral |
| MACD (12, 26) | -0.35 | Bearish |
| Momentum (12) | 5.00 | Bullish |
| Stochastic %K (14) | 94.70 | Bearish |
| Williams %R (14) | -5.30 | Bearish |
| CCI (20) | 97.30 | Neutral |
Pivot points (classic, last session)
S3 81.06 | S2 82.07 | S1 83.97 | Pivot 84.98 | R1 86.88 | R2 87.89 | R3 89.79 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
1.00 USD
Yield on today's price
1.16%
Frequency
Quarterly
Next ex-dividend date
Not announced
| Ex-dividend date | Amount per share |
|---|---|
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 | |
| 0.2500 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold GPN
| ETF | Share of the fund |
|---|---|
| RPV Invesco S&P 500 Pure Value | 1.10% |
| SPHB Invesco S&P 500 High Beta | 0.79% |
| WTV WisdomTree U.S. Quality Shareholder Yi... | 0.74% |
| VOE Vanguard Mid-Cap Value | 0.27% |
| RSP Invesco S&P 500 Equal Weight | 0.26% |
| IYJ iShares U.S. Industrials | 0.23% |
| XLF Financial Select Sector SPDR | 0.22% |
| VLUE iShares MSCI USA Value Factor | 0.21% |
The eight funds with the largest weight in GPN among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
GPN stock splits
GPN has split its stock 2 times since 2005. The latest was a 2-for-1 split on 3 Nov 2015.
Full GPN stock split history →GPN SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Other events
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Shareholder vote results
DEF 14ASEC EDGAR
Proxy statement
8-KSEC EDGAR
Entered a material agreement; Other events
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.