Global Payments (GPN)
NYSE:GPN
Top Page
Global Payments
(NYSE:GPN)
Select Model
Select Model
Rating:62Neutral
Price Target:
$75.00
▲(7.19% Upside)
Action:ReiteratedDate:03/13/26
The score reflects solid profitability and cash generation plus positive 2026 guidance (growth, margin expansion, and strong free-cash-flow conversion). These are partly offset by weak technicals (trading below major moving averages), recent revenue decline in 2025, and a higher leverage profile that raises execution and financial risk during Worldpay integration.
Positive Factors
Strong free cash flow conversion
Consistently strong free cash flow conversion is a durable strength: converting earnings to cash (>100% in 2025, guided >90%) supports sustained deleveraging, the $7.5B capital return plan, large share buybacks and ongoing technology investment without depending on volatile equity markets.
Negative Factors
Elevated leverage and interest burden
Materially higher leverage reduces financial flexibility and raises refinancing and covenant risk. Elevated net interest expense and a large debt stock constrain the pace of organic investment or bolt-on M&A and make successful cash generation and deleveraging essential to preserve the investment-grade profile over the next 18–24 months.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow conversion
Consistently strong free cash flow conversion is a durable strength: converting earnings to cash (>100% in 2025, guided >90%) supports sustained deleveraging, the $7.5B capital return plan, large share buybacks and ongoing technology investment without depending on volatile equity markets.
Read all positive factors
Global Payments (GPN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.58B
Dividend Yield1.25%
Average Volume (3M)4.24M
Price to Earnings (P/E)13.3
Beta (1Y)1.17
Revenue Growth-11.30%
EPS Growth34.28%
CountryUS
Employees27,000
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)3.18
Shares Outstanding279,901,340
10 Day Avg. Volume3,833,473
30 Day Avg. Volume4,236,505
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 Cap1.53
Enterprise Value/Revenue3.63
Enterprise Value/Gross Profit5.23
Enterprise Value/Ebitda9.15
Forecast
1Y Price Target
$99.89Price Target Upside42.76% Upside
Rating ConsensusHold
Number of Analyst Covering23
EPS Forecast (FY)13.88
Revenue Forecast (FY)$12.52B
Global Payments Business Overview & Revenue Model
Company Description
Global Payments Inc. provides payment technology and software solutions for card, electronic, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It operates through three segments: Merchant Solutions, Issuer Solutions...
How the Company Makes Money
Global Payments makes money primarily by facilitating electronic payment transactions and providing software and value-added services that support commerce. Its core revenue stream comes from merchant acquiring and payment processing: when a merch...
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 Earnings Call Summary
Earnings Call Date:Feb 18, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 04, 2026
Earnings Call Sentiment Positive
The call presented a broadly positive operational and financial performance with strong revenue growth, margin expansion, significant free cash flow generation, and substantive strategic progress (Worldpay acquisition, Genius rollout, AI initiatives). Management acknowledged near-term integration, leverage and execution risks tied to the Worldpay combination and elevated post-close debt, but provided concrete synergy targets, a conservative but constructive 2026 combined outlook (~5% constant currency revenue growth and ~150 bps margin expansion), and a clear capital return and deleveraging plan. On balance, highlights materially outweigh the lowlights, with confidence placed on integration execution and cash flow to drive shareholder returns.Positive Updates
Successful Strategic Transactions
Completed acquisition of Worldpay and simultaneous divestiture of Issuer Solutions in January, creating a combined pure-play commerce solutions company and enabling immediate integration planning and organizational alignment.
Negative Updates
Increased Leverage After Transactions
Post-close debt rose to approximately $22.3 billion (includes $6.2 billion senior notes and short-term borrowings), which increased leverage and necessitates a deleveraging plan to reach ~3.0x net leverage by end of 2027; net interest expense expected ~ $850 million in 2026.
Read all updates
Q4-2025 Updates
Positive
Negative
Successful Strategic Transactions
Completed acquisition of Worldpay and simultaneous divestiture of Issuer Solutions in January, creating a combined pure-play commerce solutions company and enabling immediate integration planning and organizational alignment.
Read all positive updates
Company Guidance
Global Payments guided 2026 on a combined basis to approximately 5% constant‑currency adjusted net revenue growth excluding dispositions (H1 modestly below 5%, exiting the year above 5%), with a foreign‑exchange benefit of just under 50 basis points (primarily in Q1); management expects ~150 basis points of adjusted operating margin expansion in 2026 (including $70–$80M of cost synergies in 2026 toward $600M of expense synergies and $200M of revenue synergies over three years), net interest expense of about $850M, an adjusted effective tax rate of ~15.5%, and capital expenditures of ~$1.0B (~8% of adjusted net revenue). They forecast adjusted EPS of $13.80–$14.00 (roughly 13%–15% growth versus 2025’s $12.22), adjusted net income to adjusted free cash flow conversion of >90%, plan to return >$2B to shareholders in 2026 (including a $550M accelerated share repurchase) as part of a $7.5B 2025–2027 capital‑return target, and aim to delever to about 3.0x net leverage by the end of 2027.Global Payments Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
58
Neutral
Cash Flow
64
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 7.71B | 10.11B | 9.65B | 8.98B | 8.52B |
| Gross Profit | 5.59B | 6.35B | 5.93B | 5.20B | 4.75B |
| EBITDA | 3.45B | 4.52B | 3.74B | 2.43B | 3.23B |
| Net Income | 1.40B | 1.57B | 986.23M | 111.49M | 965.46M |
Balance Sheet | |||||
| Total Assets | 53.34B | 46.89B | 50.57B | 44.81B | 45.28B |
| Cash, Cash Equivalents and Short-Term Investments | 8.34B | 2.54B | 2.09B | 2.00B | 1.98B |
| Total Debt | 21.81B | 16.82B | 17.38B | 14.29B | 12.08B |
| Total Liabilities | 29.56B | 23.87B | 26.78B | 22.27B | 19.41B |
| Stockholders Equity | 22.89B | 22.28B | 23.00B | 22.30B | 25.63B |
Cash Flow | |||||
| Free Cash Flow | 2.04B | 2.86B | 1.59B | 1.63B | 2.29B |
| Operating Cash Flow | 2.66B | 3.53B | 2.25B | 2.24B | 2.78B |
| Investing Cash Flow | -185.46M | -173.89M | -4.36B | -675.54M | -2.29B |
| Financing Cash Flow | 3.69B | -2.77B | 2.14B | -1.38B | -405.37M |
Global Payments Technical Analysis
Negative
69.97
Price Trends
73.36
Negative
75.38
Negative
79.16
Negative
Market Momentum
-1.41
Positive
43.41
Neutral
55.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GPN, the sentiment is Negative. The current price of 69.97 is below the 20-day moving average (MA) of 72.63, below the 50-day MA of 73.36, and below the 200-day MA of 79.16, indicating a bearish trend. The MACD of -1.41 indicates Positive momentum. The RSI at 43.41 is Neutral, neither overbought nor oversold. The STOCH value of 55.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
80 Outperform | $566.80M | 15.59 | 14.61% | 2.98% | -4.96% | 39.42% | |
67 Neutral | $484.31M | 16.61 | 4.02% | ― | 71.28% | -89.20% | |
67 Neutral | $3.60B | 12.60 | 21.76% | 1.38% | 2.36% | 11.30% | |
66 Neutral | $1.00B | 115.09 | 8.17% | ― | 7.17% | -5.86% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
62 Neutral | $19.58B | 13.26 | 6.20% | 1.25% | -11.30% | 34.28% | |
60 Neutral | $2.24B | 17.89 | 8.80% | 2.20% | 4.62% | 102.72% |
* Industrials Sector Average
GPN
Global Payments
69.97
-28.27
-28.78%
ABM
ABM Industries
38.22
-8.86
-18.81%
ACTG
Acacia Research
5.02
1.66
49.40%
CASS
Cass Information Systems
43.91
1.59
3.75%
MMS
Maximus
66.03
-1.00
-1.50%
LZ
LegalZoom
5.79
-3.40
-37.00%
Global Payments Corporate Events
Business Operations and StrategyPrivate Placements and Financing
Global Payments Completes $1 Billion Senior Notes Offering
Positive
Mar 12, 2026
On March 12, 2026, Global Payments completed a $1 billion public debt offering split between $500 million of 4.550% senior notes due 2028 and $500 million of 5.400% senior notes due 2033, issued as unsecured and unsubordinated obligations under an...
Business Operations and StrategyPrivate Placements and Financing
Global Payments Announces $1 Billion Senior Notes Offering
Positive
Mar 12, 2026
On March 5, 2026, Global Payments Inc. entered into an underwriting agreement with Barclays Capital Inc., BofA Securities, Inc. and J.P. Morgan Securities LLC to issue $500 million of 4.550% senior notes due 2028 and $500 million of 5.400% senior ...
Business Operations and StrategyFinancial DisclosuresM&A TransactionsRegulatory Filings and Compliance
Global Payments Highlights New Worldpay Financial Disclosures Filing
Positive
Mar 5, 2026
In January 2026, Global Payments Inc. completed the simultaneous acquisition of 100% of merchant acquirer Worldpay Holdco, LLC from Fidelity National Information Services and GTCR, while divesting its Issuer Solutions business to FIS, marking a si...
Business Operations and StrategyStock Buyback
Global Payments Launches $550 Million Accelerated Share Buyback
Positive
Feb 19, 2026
On February 18, 2026, Global Payments Inc. entered into an accelerated share repurchase program to buy back $550 million of its common stock under its existing, board-approved repurchase authorization. The company expects to receive approximately ...
Business Operations and StrategyExecutive/Board ChangesStock BuybackDividendsFinancial DisclosuresM&A Transactions
Global Payments Posts Strong Q4 Results, Raises 2026 Outlook
Positive
Feb 18, 2026
On February 18, 2026, Global Payments reported fourth-quarter 2025 GAAP revenue of $1.90 billion and adjusted net revenue of $2.32 billion, with adjusted EPS up 11% in constant currency, while full-year 2025 adjusted net revenue rose to $9.32 bill...
Executive/Board Changes
Global Payments announces senior executive leadership transitions
Neutral
Jan 14, 2026
On January 9, 2026, Global Payments Inc. announced that Executive Vice President and Chief Accounting Officer David Sheffield plans to retire effective March 1, 2026, and will remain in his current role until then while the company appoints a succ...
Business Operations and StrategyM&A Transactions
Global Payments Completes Transformative Worldpay Acquisition and Divestiture
Positive
Jan 12, 2026
On January 12, 2026, Global Payments completed its acquisition of Worldpay from FIS and GTCR and the divestiture of its Issuer Solutions business to FIS, reshaping the company into a pure-play commerce solutions provider focused on merchants rangi...
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.