NYSE : GPN
Global Payments Inc. — Financial statements
Industrials · Specialty Business Services · United States
Last price 85.72 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 22.68B
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Financial statements
Global Payments Inc. (GPN) reported revenue of 10.21B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 10.21B | 7.71B | 7.74B | 7.38B | 8.98B | 8.52B |
| Cost of Revenue | 3.68B | 2.11B | 2.03B | 2.06B | 3.75B | 3.74B |
| Gross Profit | 6.53B | 5.60B | 5.71B | 5.32B | 5.23B | 4.79B |
| Selling, General & Admin | 4.43B | 3.39B | 3.54B | 3.53B | 3.25B | 3.43B |
| Operating Expenses | 4.43B | 3.39B | 3.54B | 3.53B | 3.25B | 3.43B |
| Operating Income | 2.09B | 2.21B | 2.17B | 1.79B | 1.98B | 1.36B |
| Interest Expense | -837.60M | -633.50M | -608.40M | -627.60M | -437.00M | -328.00M |
| Interest & Investment Income | 101.30M | 97.80M | 89.90M | 20.40M | 19.32M | |
| Earnings From Equity Investments | 123.41M | 120.11M | 70.18M | 67.45M | 85.69M | 112.35M |
| Other Non Operating Income (Expenses) | 18.71M | 32.30M | 55.52M | 93.65M | -12.43M | -5.65M |
| EBT Excluding Unusual Items | 1.50B | 1.83B | 1.77B | 1.32B | 1.64B | 1.16B |
| Merger & Restructuring Charges | -1.09B | -737.50M | -408.10M | -333.80M | -306.30M | |
| Impairment of Goodwill | -33.22M | -833.08M | ||||
| Gain (Loss) on Sale of Investments | 8.90M | 8.90M | 18.80M | 13.20M | ||
| Gain (Loss) on Sale of Assets | 311.72M | 315.98M | 273.13M | -136.74M | -199.09M | |
| Asset Writedown | -55.81M | |||||
| Pretax Income | 725.56M | 1.38B | 1.60B | 849.11M | 310.01M | 1.16B |
| Income Tax Expense | 150.14M | 251.56M | 241.51M | 186.52M | 166.69M | 169.03M |
| Earnings From Continuing Operations | 575.41M | 1.13B | 1.36B | 662.60M | 143.31M | 987.86M |
| Earnings From Discontinued Operations | -1.43B | 327.37M | 285.17M | 366.23M | ||
| Net Income to Company | -852.95M | 1.46B | 1.64B | 1.03B | 143.31M | 987.86M |
| Minority Interest in Earnings | -81.22M | -55.94M | -73.79M | -42.59M | -31.82M | -22.40M |
| Net Income | -934.17M | 1.40B | 1.57B | 986.23M | 111.49M | 965.46M |
| Net Income to Common | -934.17M | 1.40B | 1.57B | 986.23M | 111.49M | 965.46M |
| Shares Outstanding (Basic) | 254.87M | 241.63M | 254.29M | 261.13M | 275.19M | 292.65M |
| Shares Outstanding (Diluted) | 254.87M | 242.01M | 254.84M | 261.70M | 275.58M | 293.67M |
| EPS (Basic) | -3.67 | 5.79 | 6.18 | 3.78 | 0.41 | 3.30 |
| EPS (Diluted) | -3.67 | 5.78 | 6.16 | 3.77 | 0.40 | 3.29 |
| Free Cash Flow | 822.72M | 2.04B | 2.38B | 1.89B | 1.63B | 2.29B |
| Free Cash Flow Per Share | 3.23 | 8.43 | 9.35 | 7.23 | 5.91 | 7.79 |
| Dividend Per Share | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.94 |
| Gross Margin | 63.96% | 72.64% | 73.79% | 72.06% | 58.26% | 56.17% |
| Operating Margin | 20.51% | 28.67% | 27.99% | 24.20% | 22.05% | 15.94% |
| Profit Margin | -9.15% | 18.17% | 20.30% | 13.36% | 1.24% | 11.33% |
| Free Cash Flow Margin | 8.06% | 26.46% | 30.80% | 25.63% | 18.14% | 26.84% |
| EBITDA | 4.48B | 3.44B | 3.38B | 2.93B | 3.64B | 3.05B |
| EBITDA Margin | 43.91% | 44.63% | 43.73% | 39.68% | 40.57% | 35.78% |
| D&A For EBITDA | 2.39B | 1.23B | 1.22B | 1.14B | 1.66B | 1.69B |
| EBIT | 2.09B | 2.21B | 2.17B | 1.79B | 1.98B | 1.36B |
| EBIT Margin | 20.51% | 28.67% | 27.99% | 24.20% | 22.05% | 15.94% |
| Effective Tax Rate | 20.69% | 18.23% | 15.09% | 21.97% | 53.77% | 14.61% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 5.41B | 8.34B | 2.36B | 2.09B | 2.00B | 1.98B |
| Cash & Short-Term Investments | 5.41B | 8.34B | 2.36B | 2.09B | 2.00B | 1.98B |
| Receivables | 1.58B | 784.17M | 787.69M | 1.12B | 998.33M | 946.25M |
| Prepaid Expenses | 780.70M | 425.69M | 352.52M | 600.19M | 512.90M | 493.40M |
| Restricted Cash | 283.93M | 376.32M | 197.56M | 167.19M | 147.42M | 143.72M |
| Other Current Assets | 3.62B | 2.68B | 2.34B | 4.10B | 2.66B | 1.15B |
| Total Current Assets | 11.67B | 12.60B | 6.03B | 8.07B | 6.31B | 4.71B |
| Property, Plant & Equipment | 2.13B | 1.75B | 1.67B | 2.54B | 2.20B | 2.18B |
| Long-Term Investments | 1.02B | 987.20M | 989.60M | 957.20M | ||
| Goodwill | 26.98B | 17.08B | 17.03B | 26.74B | 23.32B | 24.81B |
| Other Intangible Assets | 19.41B | 4.23B | 4.61B | 10.17B | 9.66B | 11.63B |
| Long-Term Deferred Tax Assets | 344.84M | 171.43M | 98.39M | 111.71M | 37.91M | 12.12M |
| Long-Term Deferred Charges | 359.25M | 376.73M | 439.56M | 783.04M | 648.71M | 487.58M |
| Other Long-Term Assets | 1.83B | 15.29B | 15.25B | 451.66M | 1.67B | 1.44B |
| Total Assets | 63.57B | 53.34B | 46.89B | 50.57B | 44.81B | 45.28B |
| Accounts Payable | 3.51B | 278.09M | 254.29M | 290.44M | 229.44M | 262.01M |
| Accrued Expenses | 918.18M | 833.05M | 907.63M | 755.85M | 724.92M | |
| Short-Term Debt | 1.14B | 345.01M | 503.41M | 981.24M | 747.11M | 484.20M |
| Current Portion of Long-Term Debt | 925.03M | 1.91B | 1.01B | 608.53M | 1.16B | 87.38M |
| Current Portion of Leases | 66.66M | 65.77M | 93.75M | 93.09M | 123.46M | |
| Current Income Taxes Payable | 2.45B | 117.51M | 207.55M | 139.82M | 61.95M | 51.82M |
| Current Unearned Revenue | 192.62M | 177.45M | 202.37M | 229.69M | 226.25M | 227.78M |
| Other Current Liabilities | 5.93B | 3.64B | 3.17B | 4.87B | 3.63B | 2.50B |
| Total Current Liabilities | 14.15B | 7.46B | 6.25B | 8.13B | 6.90B | 4.46B |
| Long-Term Debt | 21.46B | 19.55B | 15.08B | 15.71B | 12.27B | 11.37B |
| Long-Term Leases | 34.98M | 318.47M | 335.17M | 423.70M | 459.13M | 595.24M |
| Long-Term Unearned Revenue | 21.32M | 19.62M | 21.32M | 54.25M | 45.61M | 44.50M |
| Long-Term Deferred Tax Liabilities | 2.89B | 1.61B | 1.58B | 2.24B | 2.43B | 2.79B |
| Other Long-Term Liabilities | 1.05B | 610.85M | 597.80M | 228.88M | 167.26M | 143.82M |
| Total Liabilities | 39.60B | 29.56B | 23.87B | 26.78B | 22.27B | 19.41B |
| Additional Paid-In Capital | 19.41B | 17.08B | 18.12B | 19.80B | 19.98B | 22.88B |
| Retained Earnings | 4.01B | 5.94B | 4.77B | 3.46B | 2.73B | 2.98B |
| Comprehensive Income & Other | -309.16M | -126.21M | -612.99M | -258.93M | -405.97M | -234.18M |
| Total Common Equity | 23.11B | 22.89B | 22.28B | 23.00B | 22.30B | 25.63B |
| Minority Interest | 858.94M | 890.71M | 735.88M | 788.30M | 236.70M | 241.22M |
| Shareholders' Equity | 23.97B | 23.78B | 23.02B | 23.79B | 22.54B | 25.87B |
| Total Liabilities & Equity | 63.57B | 53.34B | 46.89B | 50.57B | 44.81B | 45.28B |
| Total Debt | 23.56B | 22.19B | 17.00B | 17.82B | 14.73B | 12.66B |
| Net Cash (Debt) | -18.15B | -13.85B | -14.64B | -15.73B | -12.73B | -10.68B |
| Net Cash Per Share | -71.20 | -57.24 | -57.46 | -60.09 | -46.19 | -36.37 |
| Filing Date Shares Outstanding | 264.62M | 279.90M | 247.62M | 257.98M | 263.15M | 281.97M |
| Total Common Shares Outstanding | 265.81M | 236.69M | 248.71M | 260.38M | 263.08M | 284.75M |
| Working Capital | -2.48B | 5.15B | -221.48M | -51.97M | -584.54M | 247.97M |
| Book Value Per Share | 86.94 | 96.70 | 89.59 | 88.33 | 84.78 | 90.00 |
| Tangible Book Value | -23.28B | 1.58B | 638.94M | -13.91B | -10.68B | -10.82B |
| Tangible Book Value Per Share | -87.60 | 6.68 | 2.57 | -53.43 | -40.58 | -37.99 |
| Land | 3.12M | 1.21M | 11.82M | 9.83M | 12.13M | |
| Buildings | 24.79M | 21.30M | 191.72M | 189.59M | 195.09M | |
| Machinery | 1.06B | 880.65M | 1.07B | 864.75M | 856.90M | |
| Construction In Progress | 381.57M | 398.18M | 654.81M | 502.00M | 378.41M | |
| Leasehold Improvements | 88.94M | 92.71M | 120.96M | 117.28M | 132.53M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -934.17M | 1.40B | 1.57B | 986.23M | 111.49M | 965.46M |
| Depreciation & Amortization | 2.39B | 1.23B | 1.22B | 1.14B | 1.66B | 1.69B |
| Other Amortization | 112.56M | 127.73M | 138.05M | 123.41M | 109.70M | 93.33M |
| Loss (Gain) From Sale of Assets | -173.44M | -155.53M | -273.13M | 136.74M | 199.09M | |
| Asset Writedown & Restructuring Costs | 833.08M | 51.35M | ||||
| Loss (Gain) on Equity Investments | -123.25M | -120.01M | -70.50M | -67.90M | -85.69M | -112.35M |
| Stock-Based Compensation | 131.29M | 153.65M | 164.24M | 208.99M | 163.26M | 180.78M |
| Provision & Write-off of Bad Debts | 109.68M | 78.77M | 81.02M | 97.10M | 116.88M | 90.21M |
| Other Operating Activities | -842.79M | 69.94M | -153.41M | -349.27M | -127.79M | -11.15M |
| Change in Accounts Receivable | -72.24M | -33.27M | -10.44M | -78.65M | -111.97M | -165.54M |
| Change in Accounts Payable | -948.89M | -140.01M | -29.50M | 6.27M | -17.16M | 132.78M |
| Change in Other Net Operating Assets | -338.30M | -173.37M | -221.45M | -289.83M | -609.31M | -135.43M |
| Operating Cash Flow | 1.66B | 2.66B | 3.06B | 2.55B | 2.24B | 2.78B |
| Capital Expenditures | -835.02M | -617.77M | -674.92M | -658.14M | -615.65M | -493.22M |
| Cash Acquisitions | -1.57B | -352.09M | -487.06M | -4.23B | -65.67M | -1.81B |
| Divestitures | 8.08B | 713.14M | 962.43M | 479.07M | -29.75M | |
| Investment in Securities | 8.93M | 8.93M | 19.01M | 42.13M | 33.05M | |
| Other Investing Activities | 17.50M | 17.50M | 6.64M | 1.44M | 2.50M | 10.82M |
| Investing Cash Flow | 5.70B | -230.30M | -173.89M | -4.36B | -675.54M | -2.29B |
| Short-Term Debt Issued | 1.59B | 285.64M | 149.53M | |||
| Long-Term Debt Issued | 12.30B | 9.64B | 10.34B | 9.81B | 7.06B | |
| Total Debt Issued | 19.49B | 12.30B | 9.64B | 11.93B | 10.10B | 7.21B |
| Short-Term Debt Repaid | -201.87M | -1.81B | ||||
| Long-Term Debt Repaid | -7.21B | -8.59B | -9.10B | -8.20B | -4.83B | |
| Total Debt Repaid | -21.70B | -7.41B | -10.40B | -9.10B | -8.20B | -4.83B |
| Net Debt Issued (Repaid) | -2.20B | 4.89B | -766.62M | 2.83B | 1.90B | 2.38B |
| Issuance of Common Stock | 26.86M | 30.77M | 43.01M | 60.34M | 44.13M | 49.55M |
| Repurchase of Common Stock | -1.64B | -1.23B | -1.61B | -459.50M | -2.96B | -2.62B |
| Common Dividends Paid | -251.74M | -238.52M | -252.81M | -260.43M | -273.95M | -259.73M |
| Other Financing Activities | -927.09M | 279.41M | 292.84M | -325.81M | -87.39M | 48.67M |
| Financing Cash Flow | -4.99B | 3.73B | -2.29B | 1.84B | -1.38B | -405.37M |
| Foreign Exchange Rate Adjustments | -14.31M | 221.63M | -112.83M | 12.52M | -99.22M | -48.38M |
| Net Cash Flow | 2.35B | 6.38B | 479.10M | 41.27M | 92.58M | 33.25M |
| Free Cash Flow | 822.72M | 2.04B | 2.38B | 1.89B | 1.63B | 2.29B |
| Free Cash Flow Margin | 8.06% | 26.46% | 30.80% | 25.63% | 18.14% | 26.84% |
| Free Cash Flow Per Share | 3.23 | 8.43 | 9.35 | 7.23 | 5.91 | 7.79 |
| Levered Free Cash Flow | 7.87B | 1.75B | 2.36B | 1.41B | 1.83B | 2.54B |
| Unlevered Free Cash Flow | 8.39B | 2.14B | 2.74B | 1.80B | 2.11B | 2.75B |
| Cash Interest Paid | 575.18M | 575.18M | 618.87M | 603.49M | 350.07M | 335.48M |
| Cash Income Tax Paid | 786.27M | 786.27M | 523.26M | 640.78M | 431.15M | 295.53M |
| Change in Working Capital | 989.86M | -346.66M | -261.39M | -362.20M | -738.44M | -168.18M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 26.45B | 18.32B | 28.52B | 33.07B | 26.86B | 39.22B |
| Enterprise Value | 44.60B | 32.81B | 43.98B | 49.21B | 38.96B | 48.46B |
| Last Close Price | 96.84 | 76.64 | 109.64 | 123.15 | 95.45 | 128.83 |
| PE Ratio | 13.09 | 18.16 | 33.53 | 240.88 | 40.63 | |
| Forward PE | 6.79 | 5.83 | 9.01 | 11.15 | 9.82 | 14.60 |
| PS Ratio | 2.51 | 2.38 | 3.69 | 4.48 | 2.99 | 4.60 |
| PB Ratio | 1.11 | 0.77 | 1.24 | 1.39 | 1.19 | 1.52 |
| P/TBV Ratio | 11.59 | 44.63 | ||||
| P/FCF Ratio | 31.15 | 8.99 | 11.97 | 17.48 | 16.49 | 17.15 |
| P/OCF Ratio | 15.46 | 6.90 | 9.33 | 12.97 | 11.97 | 14.11 |
| PEG Ratio | 0.34 | 0.43 | 0.92 | 0.84 | 0.79 | 0.74 |
| EV/Sales Ratio | 4.29 | 4.26 | 5.68 | 6.67 | 4.34 | 5.68 |
| EV/EBITDA Ratio | 9.77 | 9.54 | 13.00 | 16.80 | 10.70 | 15.89 |
| EV/EBIT Ratio | 20.91 | 14.85 | 20.31 | 27.55 | 19.69 | 35.66 |
| EV/FCF Ratio | 53.20 | 16.09 | 18.46 | 26.01 | 23.93 | 21.18 |
| Debt / Equity Ratio | 0.98 | 0.93 | 0.74 | 0.75 | 0.65 | 0.49 |
| Debt / EBITDA Ratio | 5.18 | 6.34 | 4.90 | 5.94 | 3.90 | 3.90 |
| Debt / FCF Ratio | 28.63 | 10.88 | 7.13 | 9.42 | 9.04 | 5.53 |
| Net Debt / Equity Ratio | 0.76 | 0.58 | 0.64 | 0.66 | 0.56 | 0.41 |
| Net Debt / EBITDA Ratio | 4.05 | 4.03 | 4.33 | 5.37 | 3.50 | 3.50 |
| Net Debt / FCF Ratio | 22.06 | 6.79 | 6.14 | 8.31 | 7.82 | 4.67 |
| Asset Turnover | 0.18 | 0.15 | 0.16 | 0.15 | 0.20 | 0.19 |
| Quick Ratio | 0.49 | 1.22 | 0.50 | 0.40 | 0.43 | 0.66 |
| Current Ratio | 0.82 | 1.69 | 0.96 | 0.99 | 0.92 | 1.06 |
| Return on Equity (ROE) | 2.43% | 4.82% | 5.81% | 2.86% | 0.59% | 3.70% |
| Return on Assets (ROA) | 2.33% | 2.76% | 2.78% | 2.34% | 2.74% | 1.90% |
| Return on Invested Capital (ROIC) | 3.93% | 4.80% | 4.76% | 3.73% | 2.55% | 3.21% |
| Return on Capital Employed (ROCE) | 4.20% | 4.80% | 5.30% | 4.20% | 5.20% | 3.30% |
| Earnings Yield | -3.67% | 7.64% | 5.51% | 2.98% | 0.41% | 2.46% |
| FCF Yield | 3.21% | 11.13% | 8.36% | 5.72% | 6.06% | 5.83% |
| Dividend Yield | 1.00% | 1.29% | 0.87% | 0.79% | 0.98% | 0.69% |
| Payout Ratio | 17.04% | 16.10% | 26.41% | 245.72% | 26.90% | |
| Buyback Yield / Dilution | -2.22% | 5.04% | 2.62% | 5.04% | 6.16% | 2.28% |
| Total Shareholder Return | -1.19% | 6.33% | 3.49% | 5.82% | 7.14% | 2.96% |