Global Payments Inc. (GPN)
NYSE:GPN
Want to see GPN full AI Analyst Report?
Top Page
Global Payments
(NYSE:GPN)
Select Model
Select Model
Rating:65Neutral
Price Target:
$74.00
▲(2.25% Upside)
Action:ReiteratedDate:05/09/26
The score is supported primarily by a positive earnings outlook with reaffirmed 2026 guidance, margin expansion targets, strong Q1 profitability, and significant capital returns. This is tempered by pressured recent financial statement quality (TTM net loss and sharply lower free cash flow) and a neutral-to-weak technical trend with shares sitting below longer-term moving averages; valuation signals are mixed due to the negative P/E despite a modest dividend yield.
Positive Factors
Scale & market position
Global Payments' scale as a focused merchant‑centric payments and commerce platform underpins durable competitive advantage: broad merchant acquiring footprint, diversified channel partnerships and large revenue base support cross‑sell, pricing power and investment in product differentiation over the medium term.
Negative Factors
Elevated leverage
Leverage near parity with equity and elevated net debt metrics reduce financial flexibility and raise refinancing and interest vulnerabilities if cash flow weakens. Meeting targets to reduce leverage will take multi‑year execution and constrains opportunistic investment or acquisition firepower in the interim.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & market position
Global Payments' scale as a focused merchant‑centric payments and commerce platform underpins durable competitive advantage: broad merchant acquiring footprint, diversified channel partnerships and large revenue base support cross‑sell, pricing power and investment in product differentiation over the medium term.
Read all positive factors
Global Payments (GPN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$19.04B
Dividend Yield1.25%
Average Volume (3M)3.17M
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth-12.55%
EPS Growth-39.16%
CountryUS
Employees27,000
SectorIndustrials
Sector Strength72
IndustrySpecialty Business Services
Share Statistics
EPS (TTM)-2.96
Shares Outstanding275,243,000
10 Day Avg. Volume2,671,291
30 Day Avg. Volume3,172,024
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 Cap1.79
Enterprise Value/Revenue3.86
Enterprise Value/Gross Profit5.74
Enterprise Value/Ebitda10.88
Forecast
1Y Price Target
$98.06Price Target Upside35.50% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering20
EPS Forecast (FY)13.72
Revenue Forecast (FY)$12.41B
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:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Positive
The call conveyed a broadly positive operational and financial picture: revenue and profitability exceeded expectations, free cash flow and capital returns were strong, and early integration of Worldpay plus rapid momentum for the Genius platform and AI initiatives were highlighted as durable growth drivers. Key near‑term headwinds include travel volatility tied to the Middle East conflict, softer IRS tax payment volumes from U.S. tax changes, modest currency effects and the usual integration/technology execution tasks. Management reaffirmed full‑year guidance and emphasized confidence in achieving synergy and capital‑return targets, while noting that the most material revenue synergies are expected in 2027–2028.Positive Updates
Revenue and Growth Beat
Adjusted net revenue of $2.86 billion in Q1; normalized adjusted net revenue growth of ~5.5% (approximately 4.5% on a constant currency basis). Full‑year guidance reaffirmed for ~5% normalized constant currency adjusted net revenue growth.
Negative Updates
Middle East Conflict and Travel Volume Headwind
Conflict in the Middle East depressed airline/travel volumes in Q1 and is expected to create up to a 100 basis point headwind to adjusted net revenue growth in Q2 if impacts persist.
Read all updates
Q1-2026 Updates
Positive
Negative
Revenue and Growth Beat
Adjusted net revenue of $2.86 billion in Q1; normalized adjusted net revenue growth of ~5.5% (approximately 4.5% on a constant currency basis). Full‑year guidance reaffirmed for ~5% normalized constant currency adjusted net revenue growth.
Read all positive updates
Company Guidance
Global Payments reaffirmed full-year 2026 guidance while providing Q1 detail: adjusted net revenue in Q1 was $2.86B with normalized adjusted net revenue growth of ~5.5% (≈4.5% constant currency) and a currency tailwind of ~100 bps in the quarter; the company expects normalized constant‑currency adjusted net revenue growth of ~5% for 2026 (full year), with Q2 potentially facing up to a 100‑bp headwind from the Middle East conflict and softer tax‑payment volumes and roughly neutral currency in Q2, and full‑year currency now expected to be less than a 50‑bp tailwind. Profitability guidance: Q1 adjusted operating margin was 39.9% (≈110 bps normalized expansion) and management continues to target ~150 bps of normalized adjusted operating margin expansion for the year; Q1 adjusted EPS was $2.96 (up 10% reported and constant currency) and full‑year adjusted EPS is reaffirmed at $13.80–$14.00. Cash flow and capital allocation: Q1 adjusted free cash flow was $544M (≈70% conversion; CapEx $261M), the company targets >90% conversion of adjusted net income to adjusted free cash flow for 2026, CapEx of ~ $1.0B (≈8% of adjusted net revenue), net leverage was 3.5x at quarter end with a target of 3.0x by end of 2027, weighted average cost of debt ~4% with ~95% fixed, and the firm reiterated return plans of >$2B to shareholders in 2026 and $7.5B for 2025–2027 (Q1 returned ~ $620M YTD, completed a ~$515M ASR repurchasing ~7.3M shares and announced an additional $500M ASR).Global Payments Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
63
Positive
Cash Flow
54
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 8.83B | 7.71B | 10.11B | 9.65B | 8.98B | 8.52B |
| Gross Profit | 5.94B | 5.59B | 6.35B | 5.93B | 5.20B | 4.75B |
| EBITDA | 3.13B | 3.45B | 4.52B | 3.74B | 2.43B | 3.23B |
| Net Income | -705.50M | 1.40B | 1.57B | 986.23M | 111.49M | 965.46M |
Balance Sheet | ||||||
| Total Assets | 64.25B | 53.34B | 46.89B | 50.57B | 44.81B | 45.28B |
| Cash, Cash Equivalents and Short-Term Investments | 5.86B | 8.34B | 2.54B | 2.09B | 2.00B | 1.98B |
| Total Debt | 23.58B | 21.81B | 16.82B | 17.38B | 14.29B | 12.08B |
| Total Liabilities | 39.58B | 29.56B | 23.87B | 26.78B | 22.27B | 19.41B |
| Stockholders Equity | 23.79B | 22.89B | 22.28B | 23.00B | 22.30B | 25.63B |
Cash Flow | ||||||
| Free Cash Flow | 1.06B | 2.04B | 2.86B | 1.59B | 1.63B | 2.29B |
| Operating Cash Flow | 1.81B | 2.66B | 3.53B | 2.25B | 2.24B | 2.78B |
| Investing Cash Flow | 5.70B | -185.46M | -173.89M | -4.36B | -675.54M | -2.29B |
| Financing Cash Flow | -4.69B | 3.69B | -2.77B | 2.14B | -1.38B | -405.37M |
Global Payments Technical Analysis
Neutral
72.37
Price Trends
71.56
Positive
74.14
Negative
78.37
Negative
Market Momentum
-0.47
Negative
58.75
Neutral
94.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GPN, the sentiment is Neutral. The current price of 72.37 is above the 20-day moving average (MA) of 67.72, above the 50-day MA of 71.56, and below the 200-day MA of 78.37, indicating a neutral trend. The MACD of -0.47 indicates Negative momentum. The RSI at 58.75 is Neutral, neither overbought nor oversold. The STOCH value of 94.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | $613.37M | 15.95 | 14.44% | 2.98% | -3.39% | 71.37% | |
72 Outperform | $3.38B | 8.91 | 21.75% | 1.38% | -1.44% | 33.09% | |
68 Neutral | $1.05B | 224.52 | 6.38% | ― | 12.87% | -63.11% | |
65 Neutral | $19.04B | -2.24 | -3.07% | 1.25% | -12.55% | -39.16% | |
65 Neutral | $2.35B | 17.89 | 8.80% | 2.20% | 5.59% | 100.00% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | $450.11M | -7.37 | -3.42% | ― | -3.31% | -73.22% |
* Industrials Sector Average
GPN
Global Payments
69.19
-12.92
-15.74%
ABM
ABM Industries
40.20
-9.89
-19.74%
ACTG
Acacia Research
4.66
0.77
19.79%
CASS
Cass Information Systems
47.66
6.02
14.47%
MMS
Maximus
64.27
-11.33
-14.98%
LZ
LegalZoom
6.13
-3.29
-34.93%
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...
Executive/Board ChangesShareholder Meetings
Global Payments Shareholders Back Board, Pay and Auditor
Positive
May 4, 2026
At its 2026 Annual Meeting of Shareholders held on April 30, 2026, Global Payments Inc. shareholders elected all 12 director nominees to the board, signaling continued support for the company’s current leadership and governance structure. In...
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...
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.