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Global Payments, Inc. logo

Global Payments, Inc.

Credit Services

$82.20
-0.69%
Market cap $21.8B

Global Payments is a leading provider of payment processing and software solutions and historically focused on serving small and midsize merchants. The Worldpay acquisition pushes the company into the large merchant space and expands the company's international operations.

It is a $21.8B financial services company. Revenue grew 15.2% over the last year, and it currently loses money.

Location
Atlanta, GA
Employees
26 000
Sector
Financial Services
Founded
1996

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Valuation69Growth62Profitability17Health31Quality46Moat62

Profitability, Health and Quality lag behind.

Valuation69
  • P/E vs own history0th pct · 25/25
  • FCF yield3.8% · 12/25
  • P/S2.1x · 20/25
  • EV/EBITDA23.4x · 12/25
Growth62
  • Revenue CAGR-2.5% · 0/25
  • Net income CAGR9.7% · 12/25
  • EPS CAGR ~5Y24.3% · 25/25
  • Fwd implied growth181.4% · 25/25
Profitability17
  • ROIC3.9% · 5/25
  • ROE-4.0% · 0/25
  • Net margin-9.1% · 0/25
  • Operating margin12.4% · 12/25
Health31
  • Altman Z0.53 · 3/25
  • Current ratio0.82 · 6/25
  • Interest coverage3.6x · 10/25
  • Net cash / debtD/A 25% · 12/25
Quality46
  • Piotroski F6/9 · 15/25
  • Beneish M-1.42 · 6/25
  • FCF conversionn/a · 0/25
  • Margin stabilityσ 4.3% · 25/25
Moat62
  • ROIC >12% years0/10 yrs · 0/25
  • Median gross margin59.2% · 25/25
  • FCF-positive years10/10 yrs · 25/25
  • Worst-year net marginworst 1.2% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

  1. 2026Acquisition
    Following regulatory approvals in multiple jurisdictions, it was announced the acquisition had been…
  2. 2025Acquisition
    Global Payments agreed to acquire Worldpay, a payments technology provider, for $22 billion from GTCR…
  3. FY2024Financial
    Revenue crossed $10B
    $10.1B for the year
  4. FY2024Financial
    Best year on record
    $1.57B net income
  5. 2022Acquisition
    Global Payments entered a definitive agreement to acquire EVO Payments Inc
  6. May 28, 2019Acquisition
    Global Payments announced a $21.5 billion merger with TSYS
  7. 2018Acquisition
    Global Payments completed the acquisition of AdvancedMD
  8. FY2016Financial
    Profitable every year on record
    10 consecutive profitable years in our data
  9. FY2016Financial
    Revenue already above $1B
    $2.90B in first reported year
  10. FY2016Financial
    Positive free cash flow every year since
    10-year streak
  11. Apr 25, 2016Acquisition
    Global Payments completed the acquisition of Heartland Payment Systems for $4.3 billion
  12. 2015Acquisition
    Global Payments bought Realex Payments, an Irish-based payments gateway services company, for €115…
  13. 2012Acquisition
    It acquired the smaller Accelerated Payment Technologies for $413 million
  14. 2011Acquisition
    Global Payments's United Card Service bought Alfa-Bank's credit card processing unit
  15. 1996Founded
    Global Payments was founded in 1996 and spun off from National Data Corporation, its former parent company, in 2001

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$5 071 today — price return only
$7.7B revenue in FY2025
Revenue up 15.2% year over year
Profitable 10 years in a row
Positive free cash flow 10 years in a row
26 000 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

  • High gross margin (64.1%)
  • Revenue growing 15.2% year over year

Watch-outs

  • Not profitable — 9.1% net margin
  • Altman Z-Score 0.53 — elevated financial-distress risk
  • Net debt would take ~22.1 years of free cash flow to repay
  • Net debt equals ~16.0 years of free cash flow

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

8 of 11 checks passed
  • Revenue growing+15.2% YoY
  • Profitable-$934M TTM
  • Profit growing+142.7% YoY
  • Generates cash$823M TTM
  • Debt under control~16.0y of cash flow to repay
  • Established company$21.8B market cap
  • Not printing shares-19.2% shares over ~5y
  • Proven track record10/10 profitable years
  • Financially stableAltman Z 0.5 — distress
  • Pays a dividendyield 1.16%
  • Valuation not extremeP/E 15.5
Peer comparisonGlobal Payments, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾
CompanyMarket capP/ERevenue growthNet marginProfile
GPN this company$21.8B15.5+15.2%-9.1%Strained
BRK.A Berkshire Hathaway Inc.$1.1T11.6+3.9%22.3%Mixed
BRK.B Berkshire Hathaway$1.1T11.6+0.0%18.0%Strong
JPM JPMorgan Chase & Co.$886.2B13.6+13.5%32.6%Strained
V VISA Inc.$723.9B31.9+14.4%50.8%Solid
MA Mastercard Incorporated$516.4B31.7+16.0%46.3%Mixed
BAC Bank of America Corporation$380.4B11.3+15.9%27.8%Mixed

Head-to-head: GPN vs BRK.A · GPN vs BRK.B · GPN vs JPM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 8Buy 10Hold 19Sell 2

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of GPN on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $82.20 · market cap $21.8B.