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Global Payments
(NYSE:GPN)
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Rating:65Neutral
Price Target:
$95.00
▲(17.40% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by financial performance concerns—especially the sharp swing to a TTM net loss, weaker free cash flow, and rising leverage—despite solid top-line growth. Technicals are a clear positive with strong trend and momentum, while the earnings call adds support through margin expansion/EPS growth and improved cash conversion guidance, tempered by travel headwinds and front-loaded integration costs. Valuation is mixed due to the negative P/E and only modest dividend yield.
Positive Factors
Sustained Revenue Growth
TTM revenue growth of +15.4% reflects durable expansion in merchant volumes and product uptake across segments. Persistent top-line expansion supports scale economics, funds continued product investment and integration, and underpins longer-term margin and cashflow resilience.
Negative Factors
Recent Net Loss / Profitability Volatility
The TTM net loss and ~-8% net margin signal meaningful earnings disruption. Even if driven partly by one-offs, sustained or recurring profitability weakness erodes ROE, limits reinvestment or buybacks, and raises the bar for management to restore consistent, high-quality earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
TTM revenue growth of +15.4% reflects durable expansion in merchant volumes and product uptake across segments. Persistent top-line expansion supports scale economics, funds continued product investment and integration, and underpins longer-term margin and cashflow resilience.
Read all positive factors
Global Payments Key Performance Indicators (KPIs)
Any
Revenue by Geography
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Breaks down revenue across different regions, revealing where the company is strongest and where it may face risk or growth potential due to local economic conditions or market share shifts.
Data provided by:
The Fly
The FlyGlobal Payments (GPN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.00B
Dividend Yield1.19%
Average Volume (3M)3.47M
Price to Earnings (P/E)―
Beta (1Y)1.29
Revenue Growth-12.55%
EPS Growth-39.16%
CountryUS
Employees26,000
SectorIndustrials
Sector Strength72
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-3.90
Shares Outstanding273,543,520
10 Day Avg. Volume3,226,981
30 Day Avg. Volume3,472,928
Financial Highlights & Ratios
PEG Ratio-2.41
Price to Book (P/B)0.81
Price to Sales (P/S)2.41
P/FCF Ratio9.10
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$97.75Price Target Upside20.80% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering23
EPS Forecast (FY)13.7
Revenue Forecast (FY)$12.39B
Global Payments Business Overview & Revenue Model
Company Description
Global Payments Inc. is a prominent provider of payment technology and software solutions, facilitating transactions across various forms including card, electronic, check, and digital payments. Its operations span the Americas, Europe, and the As...
How the Company Makes Money
Global Payments primarily makes money by charging fees tied to payment transactions and by selling (or subscribing) merchants and financial institutions to payment-related software and processing services. Its key revenue streams include: (1) Merc...
Global Payments Earnings Call Summary
Earnings Call Date:Aug 05, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
Overall the call was constructive: the company reported modest top-line growth (adjusted net revenue +4% normalized), margin expansion (+70 bps), strong EPS growth (+12%), meaningful product and integration progress (Genius adoption, Platforms BaaS +25%, completion of integration design), and disciplined capital returns (>$550M repurchased this quarter). Key negatives were a persistent ~100 bps travel revenue headwind from the Middle East conflict (pushing down full-year revenue guidance to 4%–5%), continued noncore revenue drag from dispositions, front-loaded integration/separation costs, and regional softness (U.K.). On balance, the positive operating execution, cash generation trajectory and clear roadmap for synergies and product-led growth outweigh the transitory headwinds.Positive Updates
Revenue and EPS Growth
Adjusted net revenue of $3.16B in Q2, representing normalized growth of 4% (ex dispositions). Adjusted EPS was $3.46, an increase of 12% year-over-year.
Negative Updates
Travel Portfolio Headwind from Middle East Conflict
Approximately 100 basis point headwind to adjusted net revenue in Q2 related to reduced travel volumes from the Middle East conflict (Enterprise faced ~400 basis points of the impact). Management now assumes this impact will persist through 2026, reducing prior expectations for normalization by end of Q2.
Read all updates
Q2-2026 Updates
Positive
Negative
Revenue and EPS Growth
Adjusted net revenue of $3.16B in Q2, representing normalized growth of 4% (ex dispositions). Adjusted EPS was $3.46, an increase of 12% year-over-year.
Read all positive updates
Company Guidance
Global Payments updated 2026 guidance assuming the Middle East travel headwind persists through year‑end: normalized constant‑currency adjusted net revenue growth of approximately 4%–5%; normalized adjusted operating margin expansion of ~150 basis points for the full year (with ~200 bps of margin expansion and H2 margins around ~43% expected in the second half); adjusted EPS of $13.60–$13.80 (11%–13% growth); and second‑half revenue growth of ~4.5%. They expect adjusted free cash‑flow conversion (adjusted net income to adjusted FCF) to exceed 90% for 2026, plan to return more than $2.0 billion to shareholders this year (having repurchased ~8M shares and $550M via ASR in Q2), invest ~ $1.0 billion (~8% of adjusted net revenue) in the business, and target ~3.0x net leverage by end of 2027 (ended Q2 just below 3.5x; >90% of debt fixed at ~4%); FX is now expected to have roughly no impact on reported growth for the year.Global Payments Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
62
Positive
Cash Flow
64
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.19B | 7.71B | 10.11B | 9.65B | 8.98B | 8.52B |
| Gross Profit | 6.51B | 5.59B | 6.35B | 5.93B | 5.20B | 4.75B |
| EBITDA | 3.06B | 3.45B | 4.52B | 3.74B | 2.43B | 3.23B |
| Net Income | -955.85M | 1.40B | 1.57B | 986.23M | 111.49M | 965.46M |
Balance Sheet | ||||||
| Total Assets | 63.57B | 53.34B | 46.89B | 50.57B | 44.81B | 45.28B |
| Cash, Cash Equivalents and Short-Term Investments | 5.41B | 8.34B | 2.54B | 2.09B | 2.00B | 1.98B |
| Total Debt | 22.42B | 21.87B | 16.82B | 17.38B | 14.29B | 12.08B |
| Total Liabilities | 39.60B | 29.56B | 23.87B | 26.78B | 22.27B | 19.41B |
| Stockholders Equity | 23.11B | 22.89B | 22.28B | 23.00B | 22.30B | 25.63B |
Cash Flow | ||||||
| Free Cash Flow | 272.56M | 2.04B | 2.86B | 1.59B | 1.63B | 2.29B |
| Operating Cash Flow | 1.37B | 2.66B | 3.53B | 2.25B | 2.24B | 2.78B |
| Investing Cash Flow | 11.46B | -185.46M | -173.89M | -4.36B | -675.54M | -2.29B |
| Financing Cash Flow | -13.44B | 3.69B | -2.77B | 2.14B | -1.38B | -405.37M |
Global Payments Technical Analysis
Positive
80.92
Price Trends
74.89
Positive
71.83
Positive
74.11
Positive
Market Momentum
3.80
Negative
64.03
Neutral
76.86
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GPN, the sentiment is Positive. The current price of 80.92 is below the 20-day moving average (MA) of 82.29, above the 50-day MA of 74.89, and above the 200-day MA of 74.11, indicating a bullish trend. The MACD of 3.80 indicates Negative momentum. The RSI at 64.03 is Neutral, neither overbought nor oversold. The STOCH value of 76.86 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GPN.
Global Payments Risk Analysis
Global Payments disclosed 34 risk factors in its most recent earnings report. Global Payments reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Global Payments Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $719.75M | 19.69 | 15.09% | 2.34% | 0.13% | 49.40% | |
71 Outperform | $3.17B | 8.95 | 21.75% | 2.11% | -1.44% | 33.09% | |
71 Outperform | $1.35B | 123.16 | 10.41% | ― | 12.87% | -63.11% | |
67 Neutral | $2.81B | 18.36 | 8.94% | 2.38% | 6.53% | 107.41% | |
65 Neutral | $23.00B | -28.41 | -4.14% | 1.24% | -12.55% | -39.16% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
59 Neutral | $427.89M | -23.68 | -4.87% | ― | -3.31% | -73.22% |
* Industrials Sector Average
GPN
Global Payments
87.69
6.73
8.32%
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ACTG
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CASS
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58.09
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MMS
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58.33
-18.63
-24.20%
LZ
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-2.70
-32.32%
Global Payments Corporate Events
Business Operations and StrategyStock Buyback
Global Payments Launches $500 Million Accelerated Share Buyback
Positive
May 7, 2026
Global Payments Inc. entered into a $500 million accelerated share repurchase program on May 6, 2026, under its existing board-approved buyback plan, signaling a commitment to returning capital to shareholders and potentially boosting earnings per...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.