Global Payments (GPN) Financials

$73.27 +0.68 (+0.94%)

Closing price 05/22/2026 03:59 PM Eastern

Extended Trading

$73.25 -0.02 (-0.03%)

As of 05/22/2026 07:12 PM Eastern

Annual Income Statements for Global Payments

This table shows Global Payments' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2016	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	272	202	468	452	431	585	965	111	986	1,570	1,400
Consolidated Net Income / (Loss)	290	221	494	485	469	605	988	143	1,029	1,644	1,456
Net Income / (Loss) Continuing Operations	290	221	494	485	469	605	988	143	663	1,359	1,129
Total Pre-Tax Income	361	257	393	562	518	594	1,045	224	782	1,530	1,260
Total Operating Income	425	356	559	737	791	894	1,359	640	1,316	1,975	1,755
Total Gross Profit	1,751	1,767	2,047	2,271	2,838	3,773	4,750	5,197	5,311	5,702	5,592
Total Revenue	2,898	3,371	3,975	3,366	4,912	7,424	8,524	8,976	7,380	7,736	7,706
Operating Revenue	2,898	3,371	3,975	3,366	4,912	7,424	8,524	8,976	7,380	7,736	7,706
Total Cost of Revenue	1,148	1,604	1,928	1,095	2,074	3,651	3,774	3,779	2,068	2,033	2,113
Operating Cost of Revenue	1,148	1,604	1,928	1,095	2,074	3,651	3,774	3,779	2,068	2,033	2,113
Total Operating Expenses	1,326	1,411	1,488	1,534	2,047	2,879	3,391	4,557	3,996	3,728	3,838
Selling, General & Admin Expense	1,326	1,411	1,488	1,534	2,047	2,879	3,391	3,525	3,859	4,001	4,121
Other Operating Expenses / (Income)	-	-	-	-	-	-	0.00	199	137	-273	-316
Impairment Charge	-	-	-	-	-	-	0.00	833	0.00	0.00	33
Total Other Income / (Expense), net	-64	-99	-166	-175	-273	-300	-314	-416	-534	-444	-495
Interest Expense	69	146	175	196	305	344	334	449	645	603	650
Interest & Investment Income	5.28	47	8.66	21	31	44	19	34	111	159	155
Income Tax Expense	71	36	-101	77	62	77	169	167	187	242	252
Other Gains / (Losses), net	-	-	0.00	0.00	14	88	112	86	67	70	120
Net Income / (Loss) Discontinued Operations	-	-	-	-	-	-	-	-	366	285	327
Net Income / (Loss) Attributable to Noncontrolling Interest	19	19	26	33	39	21	22	32	43	74	56
Basic Earnings per Share	$2.05	$1.38	$3.03	$2.85	$2.17	$1.95	$3.30	$0.41	$3.78	$6.18	$5.79
Weighted Average Basic Shares Outstanding	134.07M	132.28M	154.65M	158.67M	299.63M	295.24M	281.97M	263.15M	257.98M	247.62M	279.90M
Diluted Earnings per Share	$2.04	$1.37	$3.01	$2.84	$2.16	$1.95	$3.29	$0.40	$3.77	$6.16	$5.78
Weighted Average Diluted Shares Outstanding	134.07M	132.28M	154.65M	158.67M	299.63M	295.24M	281.97M	263.15M	257.98M	247.62M	279.90M
Weighted Average Basic & Diluted Shares Outstanding	134.07M	132.28M	154.65M	158.67M	299.63M	295.24M	281.97M	263.15M	257.98M	247.62M	279.90M
Cash Dividends to Common per Share	$0.04	$0.04	$0.04	$0.04	$0.23	$0.78	$0.89	$1.00	$1.00	$1.00	$1.00

This table shows Global Payments' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	362	361	313	375	315	567	306	242	635	218	-1,800
Consolidated Net Income / (Loss)	377	372	323	389	334	598	313	246	661	237	-1,779
Net Income / (Loss) Continuing Operations	377	372	323	315	304	598	236	212	473	131	-193
Total Pre-Tax Income	418	368	326	361	348	719	261	310	656	-59	-224
Total Operating Income	558	499	452	475	443	833	372	427	778	79	-16
Total Gross Profit	1,560	1,512	1,498	1,467	1,493	1,563	1,325	1,458	1,451	1,193	1,696
Total Revenue	2,476	2,434	2,420	1,971	1,998	2,515	1,820	1,957	2,008	1,329	2,970
Operating Revenue	2,476	2,434	2,420	1,971	1,998	2,515	1,820	1,957	2,008	1,329	2,970
Total Cost of Revenue	916	922	922	504	505	952	495	499	557	137	1,274
Operating Cost of Revenue	916	922	922	504	505	952	495	499	557	137	1,274
Total Operating Expenses	1,002	1,013	1,046	991	1,050	730	953	1,031	673	1,114	1,712
Selling, General & Admin Expense	1,002	1,015	1,046	991	1,050	1,003	957	1,031	1,017	1,049	1,712
Other Operating Expenses / (Income)	0.00	-2.35	0.00	0.00	0.00	-273	-3.99	-0.27	-344	32	0.00
Total Other Income / (Expense), net	-140	-131	-126	-114	-95	-114	-111	-117	-122	-138	-209
Interest Expense	176	170	162	148	149	157	149	152	144	197	242
Interest & Investment Income	36	39	36	34	54	43	38	36	21	59	34
Income Tax Expense	59	9.27	19	65	60	141	44	118	199	-125	-12
Other Gains / (Losses), net	18	14	16	18	16	20	18	20	17	65	20
Net Income / (Loss) Discontinued Operations	-	-	-	74	30	-	77	34	187	-	-1,586
Net Income / (Loss) Attributable to Noncontrolling Interest	15	11	9.76	15	18	31	7.04	4.46	25	19	21
Basic Earnings per Share	$1.39	$1.38	$1.22	$1.47	$1.24	$2.25	$1.24	$0.99	$2.65	$0.91	($6.59)
Weighted Average Basic Shares Outstanding	260.39M	257.98M	255.25M	254.44M	254.49M	247.62M	243.88M	242.61M	236.74M	279.90M	273.54M
Diluted Earnings per Share	$1.39	$1.37	$1.22	$1.47	$1.24	$2.23	$1.24	$0.99	$2.64	$0.91	($6.59)
Weighted Average Diluted Shares Outstanding	260.39M	257.98M	255.25M	254.44M	254.49M	247.62M	243.88M	242.61M	236.74M	279.90M	273.54M
Weighted Average Basic & Diluted Shares Outstanding	260.39M	257.98M	255.25M	254.44M	254.49M	247.62M	243.88M	242.61M	236.74M	279.90M	273.54M
Cash Dividends to Common per Share	$0.25	-	$0.25	$0.25	$0.25	-	$0.25	$0.25	$0.25	-	$0.25

This table details how cash moves in and out of Global Payments' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2016	5/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	394	394	129	-83	467	411	33	93	41	479	6,380
Net Cash From Operating Activities	593	593	512	1,106	1,391	2,314	2,781	2,244	2,550	3,058	2,657
Net Cash From Continuing Operating Activities	593	593	512	1,106	1,391	2,314	2,781	2,244	2,550	3,058	2,657
Net Income / (Loss) Continuing Operations	290	290	494	485	469	605	988	143	1,029	1,644	1,456
Consolidated Net Income / (Loss)	290	290	494	485	469	605	988	143	1,029	1,644	1,456
Depreciation Expense	74	74	113	145	211	358	396	399	458	493	419
Amortization Expense	115	115	383	429	733	1,335	1,388	1,373	1,442	1,507	1,124
Non-Cash Adjustments To Reconcile Net Income	73	61	132	93	242	272	365	1,383	483	21	86
Changes in Operating Assets and Liabilities, net	40	52	-610	-46	-264	-256	-357	-1,054	-862	-608	-429
Net Cash From Investing Activities	-2,127	-2,127	-736	-1,476	-917	-438	-2,294	-676	-4,361	-174	-230
Net Cash From Continuing Investing Activities	-2,111	-2,111	-736	-1,476	-917	-438	-2,294	-676	-4,361	-174	-230
Purchase of Property, Plant & Equipment	-92	-92	-182	-213	-308	-436	-493	-616	-658	-675	-618
Acquisitions	-2,034	-2,034	-563	-1,260	-645	-161	-1,811	-66	-4,226	-487	-352
Divestitures	16	16	-	-	-	0.00	0.00	-30	479	962	713
Sale and/or Maturity of Investments	0.00	0.00	-	-	-	0.00	0.00	33	92	19	26
Other Investing Activities, net	-1.25	-1.25	-29	-3.31	35	159	11	2.50	-49	6.64	0.00
Net Cash From Financing Activities	1,958	1,958	352	287	-29	-1,546	-405	-1,377	1,840	-2,292	3,733
Net Cash From Continuing Financing Activities	1,941	1,941	352	287	-29	-1,546	-405	-1,377	1,840	-2,292	3,733
Repayment of Debt	-3,961	-3,961	-1,791	-2,321	-6,765	-2,483	-4,699	-7,658	-7,524	-10,178	-7,498
Repurchase of Common Equity	-148	-148	-67	-240	-374	-692	-2,624	-2,960	-459	-1,717	-1,231
Payment of Dividends	-29	-29	-16	-12	-118	-259	-260	-297	-293	-291	-297
Issuance of Debt	6,078	6,078	2,216	2,845	7,204	2,401	7,058	9,812	10,337	9,635	12,301
Issuance of Common Equity	8.48	8.48	10	14	25	66	120	44	87	47	76
Other Financing Activities, net	-7.55	-7.55	-	0.00	0.00	-578	0.00	-318	-306	212	381
Effect of Exchange Rate Changes	-29	-29	-	-	-	82	-48	-99	13	-113	222

This table details how cash moves in and out of Global Payments' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-4.49	147	71	-41	852	-404	412	192	-303	6,080	-2,992
Net Cash From Operating Activities	427	657	530	737	1,726	653	555	818	769	515	-289
Net Cash From Continuing Operating Activities	427	657	530	737	1,726	653	555	818	769	515	-289
Net Income / (Loss) Continuing Operations	377	372	323	389	334	598	313	246	661	237	-1,779
Consolidated Net Income / (Loss)	377	372	323	389	334	598	313	246	661	237	-1,779
Depreciation Expense	118	116	118	124	127	124	123	102	95	99	118
Amortization Expense	372	365	376	381	383	368	364	254	242	265	772
Non-Cash Adjustments To Reconcile Net Income	65	83	53	54	106	-192	59	67	-295	256	58
Changes in Operating Assets and Liabilities, net	-505	-280	-340	-211	777	-245	-303	148	67	-341	543
Net Cash From Investing Activities	-118	-241	-148	-549	-149	673	-173	-304	556	-310	5,716
Net Cash From Continuing Investing Activities	-118	-241	-148	-549	-149	673	-173	-304	556	-310	5,716
Purchase of Property, Plant & Equipment	-170	-157	-145	-179	-166	-184	-128	-152	-170	-168	-261
Acquisitions	1.65	-126	-2.56	-370	-1.13	-113	-50	-156	3.97	-150	-1,389
Divestitures	-	0.37	-	-	-	962	0.00	-	-	3.48	7,362
Sale and/or Maturity of Investments	-	42	0.00	-	-	0.93	4.38	4.38	13	5.04	4.38
Net Cash From Financing Activities	-243	-317	-277	-209	-779	-1,616	-32	-491	-1,604	5,859	-8,411
Net Cash From Continuing Financing Activities	-243	-317	-277	-209	-779	-1,616	-32	-491	-1,604	5,859	-8,411
Repayment of Debt	-3,598	151	-3,618	-1,727	-676	-4,158	-2,323	-1,469	-2,650	-1,923	-12,951
Repurchase of Common Equity	-3.56	-3.99	-841	-102	-11	-763	-482	-246	-501	-0.90	-581
Payment of Dividends	-72	-74	-68	-70	-82	-71	-71	-80	-77	-68	-74
Issuance of Debt	3,398	-421	4,609	1,680	-19	3,365	2,419	1,204	2,144	7,402	5,745
Issuance of Common Equity	32	35	11	16	8.39	11	6.34	9.90	8.62	51	4.73
Other Financing Activities, net	-	-5.22	-370	-6.39	-	-	421	91	-528	398	-553
Effect of Exchange Rate Changes	-70	48	-34	-20	55	-114	62	169	-25	16	-8.73

This table presents Global Payments' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	5,779	10,664	12,998	13,231	44,480	44,202	45,280	44,809	50,570	46,890	53,338
Total Current Assets	3,290	3,116	4,304	3,376	4,366	4,592	4,711	6,314	8,074	6,031	12,603
Cash & Equivalents	651	1,163	1,336	1,211	1,678	1,946	1,979	1,998	2,089	2,356	8,336
Accounts Receivable	203	275	302	348	895	794	946	998	1,120	788	784
Prepaid Expenses	41	131	207	217	439	621	637	660	767	550	802
Other Current Assets	2,395	1,547	2,459	1,600	1,354	1,231	1,144	2,519	4,097	1,599	1,477
Other Current Nonoperating Assets	-	-	-	-	-	-	4.78	139	-	738	1,204
Plant, Property, & Equipment, net	374	526	588	654	1,383	0.00	1,688	1,839	2,190	1,421	1,502
Total Noncurrent Assets	2,115	7,022	8,106	9,201	38,731	39,609	38,881	36,656	40,306	39,438	39,234
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	-	0.00	713	772	817
Goodwill	1,492	4,808	5,704	6,341	23,760	23,871	24,813	23,321	26,744	17,028	17,077
Intangible Assets	560	2,085	2,182	2,489	13,155	12,016	11,634	9,658	10,168	4,614	4,231
Noncurrent Deferred & Refundable Income Taxes	30	16	13	8.13	6.29	7.63	12	38	112	98	171
Other Noncurrent Operating Assets	33	113	207	363	1,810	3,714	2,422	2,343	2,570	1,852	1,869
Other Noncurrent Nonoperating Assets	-	-	-	-	-	-	0.00	1,296	-	15,074	15,069
Total Liabilities & Shareholders' Equity	5,779	10,664	12,998	13,231	44,480	44,202	45,280	44,809	50,570	46,890	53,338
Total Liabilities	4,916	7,885	9,033	9,044	16,425	16,715	19,410	22,269	26,783	23,874	29,559
Total Current Liabilities	3,015	2,852	3,816	3,269	3,579	4,549	4,463	6,899	8,126	6,253	7,457
Short-Term Debt	654	570	735	816	498	1,186	563	1,916	1,602	1,522	2,266
Accounts Payable	327	805	1,040	1,177	1,822	2,061	2,542	2,443	2,825	2,836	2,543
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	118
Other Current Liabilities	2,034	1,477	2,041	1,276	1,259	1,302	1,358	2,414	3,699	1,519	1,721
Other Current Nonoperating Liabilities	-	-	-	-	-	-	0.00	126	-	376	810
Total Noncurrent Liabilities	1,901	5,033	5,217	5,776	12,846	12,165	14,947	15,370	18,657	17,621	22,102
Long-Term Debt	1,678	4,261	4,559	5,015	9,090	8,466	11,415	12,289	15,692	15,079	19,542
Noncurrent Deferred & Payable Income Tax Liabilities	203	676	437	585	3,146	2,948	2,793	2,428	2,242	1,584	1,606
Other Noncurrent Operating Liabilities	19	96	221	176	610	751	739	648	723	550	522
Other Noncurrent Nonoperating Liabilities	-	-	-	-	-	-	0.00	4.48	-	407	433
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	-	-	-	-	-	-	-	0.00	508	161	201
Total Equity & Noncontrolling Interests	864	2,779	3,965	4,186	28,055	27,487	25,869	22,540	23,280	22,856	23,578
Total Preferred & Common Equity	758	2,631	3,795	3,991	27,856	27,332	25,628	22,304	22,999	22,281	22,889
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	758	2,631	3,795	3,991	27,856	27,332	25,628	22,304	22,999	22,281	22,889
Common Stock	149	1,816	2,380	2,235	25,833	24,964	22,880	19,978	19,801	18,119	17,079
Retained Earnings	795	1,137	1,598	2,066	2,333	2,571	2,982	2,731	3,457	4,775	5,936
Accumulated Other Comprehensive Income / (Loss)	-186	-323	-183	-310	-311	-202	-234	-406	-259	-613	-126
Noncontrolling Interest	106	149	171	195	199	155	241	237	280	575	690

This table presents Global Payments' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	48,151	48,925	50,570	51,775	50,752	49,986	46,890	47,616	48,519	47,962	64,255
Total Current Assets	5,519	6,780	8,074	9,670	8,550	7,901	6,037	6,739	7,753	7,207	11,674
Cash & Equivalents	1,920	1,942	2,089	2,168	2,097	2,942	2,538	2,896	2,612	2,603	5,861
Accounts Receivable	1,159	1,078	1,120	1,054	1,134	1,151	1,082	1,112	864	878	1,416
Prepaid Expenses	832	788	767	831	822	787	796	893	405	412	1,044
Other Current Assets	1,601	2,966	4,097	5,618	4,497	3,021	1,621	1,837	2,983	2,129	3,353
Other Current Nonoperating Assets	7.22	6.90	-	-	-	-	-	-	889	1,185	0.00
Plant, Property, & Equipment, net	0.00	2,118	2,190	2,200	2,309	2,335	2,278	2,353	1,414	1,440	2,012
Total Noncurrent Assets	42,632	40,026	40,306	39,904	39,892	39,750	38,576	38,525	39,351	39,315	50,568
Noncurrent Note & Lease Receivables	725	692	713	731	741	757	772	788	804	804	829
Goodwill	26,491	26,518	26,744	26,728	26,861	26,960	26,286	26,417	16,742	16,725	27,083
Intangible Assets	10,742	10,259	10,168	9,797	9,607	9,319	8,932	8,668	4,380	4,286	20,176
Noncurrent Deferred & Refundable Income Taxes	112	76	112	80	80	81	106	106	97	96	341
Other Noncurrent Operating Assets	4,562	2,481	2,570	2,568	2,603	2,635	2,479	2,546	1,863	1,895	2,140
Other Noncurrent Nonoperating Assets	0.03	0.03	-	-	-	-	-	-	15,464	15,509	0.00
Total Liabilities & Shareholders' Equity	48,151	48,925	50,570	51,775	50,752	49,986	46,890	47,616	48,519	47,962	64,255
Total Liabilities	25,235	25,767	26,783	28,789	27,591	26,366	23,874	24,592	25,097	24,465	39,580
Total Current Liabilities	5,118	6,223	8,126	10,516	9,329	8,529	6,253	7,141	8,183	8,433	14,747
Short-Term Debt	605	790	1,602	2,675	2,575	2,341	1,579	1,908	2,496	2,877	2,593
Accounts Payable	2,710	2,570	2,825	2,631	2,681	2,730	3,080	2,925	2,185	2,453	3,729
Current Deferred & Payable Income Tax Liabilities	-	-	-	-	-	-	-	-	-	-	2,632
Other Current Liabilities	1,802	2,860	3,699	5,210	4,074	3,458	1,594	2,307	2,984	2,267	5,793
Other Current Nonoperating Liabilities	0.94	1.35	-	-	-	-	-	-	519	837	0.00
Total Noncurrent Liabilities	20,117	19,544	18,657	18,273	18,262	17,837	17,621	17,451	16,914	16,032	24,833
Long-Term Debt	16,975	16,571	15,692	15,566	15,612	15,216	15,165	15,014	14,151	13,323	20,984
Noncurrent Deferred & Payable Income Tax Liabilities	2,448	2,300	2,242	2,063	2,011	1,949	1,833	1,770	1,702	1,690	2,734
Other Noncurrent Operating Liabilities	694	673	723	644	639	673	623	666	577	556	1,115
Other Noncurrent Nonoperating Liabilities	0.16	0.15	-	-	-	-	-	-	483	462	0.00
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	499	473	508	143	147	157	161	167	172	181	211
Total Equity & Noncontrolling Interests	22,416	22,685	23,280	22,843	23,014	23,463	22,856	22,858	23,250	23,317	24,464
Total Preferred & Common Equity	22,171	22,442	22,999	22,216	22,387	22,811	22,281	22,248	22,593	22,668	23,792
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	22,171	22,442	22,999	22,216	22,387	22,811	22,281	22,248	22,593	22,668	23,792
Common Stock	19,686	19,752	19,801	18,806	18,761	18,811	18,119	17,679	17,496	17,033	19,919
Retained Earnings	2,864	3,161	3,457	3,707	4,018	4,270	4,775	5,019	5,201	5,778	4,068
Accumulated Other Comprehensive Income / (Loss)	-378	-471	-259	-297	-392	-269	-613	-450	-104	-143	-195
Noncontrolling Interest	244	243	280	627	626	652	575	609	657	649	671

This table displays calculated financial ratios and metrics derived from Global Payments' official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	5/31/2016	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.46%	16.31%	17.92%	-15.32%	45.91%	51.13%	14.82%	5.30%	7.56%	4.68%	-0.39%
EBITDA Growth	16.50%	-11.16%	93.24%	24.29%	32.36%	49.01%	21.54%	-23.26%	49.92%	19.84%	-17.04%
EBIT Growth	4.80%	-16.14%	56.83%	31.88%	7.38%	12.96%	52.01%	-52.89%	168.12%	35.96%	-11.14%
NOPAT Growth	17.79%	-10.43%	129.75%	-9.63%	9.59%	11.70%	46.43%	-85.56%	757.23%	39.39%	-15.55%
Net Income Growth	7.51%	-23.95%	123.86%	-1.90%	-3.18%	28.94%	63.26%	-85.49%	617.89%	59.81%	-11.44%
EPS Growth	20.71%	-32.84%	119.71%	-5.65%	-23.94%	-9.72%	68.72%	-87.84%	842.50%	63.40%	-6.17%
Operating Cash Flow Growth	205.46%	0.00%	-13.58%	115.87%	25.78%	66.33%	20.17%	-19.30%	0.21%	57.10%	-13.11%
Free Cash Flow Firm Growth	153.60%	-2,087.33%	78.48%	68.15%	-10,636.43%	105.86%	-69.69%	449.89%	-260.22%	190.26%	-92.31%
Invested Capital Growth	6.74%	153.28%	22.91%	11.13%	308.41%	-2.15%	1.90%	-6.74%	16.59%	-4.54%	-0.05%
Revenue Q/Q Growth	5.73%	3.67%	2.69%	-4.91%	29.10%	-0.77%	3.19%	0.66%	1.91%	0.81%	-23.66%
EBITDA Q/Q Growth	6.04%	-19.77%	32.49%	4.10%	19.29%	2.54%	3.02%	2.79%	4.13%	8.64%	-23.49%
EBIT Q/Q Growth	-3.84%	2.38%	14.17%	2.42%	3.83%	6.66%	5.35%	15.66%	5.60%	16.73%	-33.52%
NOPAT Q/Q Growth	4.93%	-4.43%	66.81%	-24.69%	6.12%	9.25%	4.15%	406.55%	11.98%	10.19%	-29.52%
Net Income Q/Q Growth	-2.37%	-9.55%	81.87%	-25.62%	7.07%	13.19%	3.39%	40.60%	12.45%	15.92%	-19.90%
EPS Q/Q Growth	-48.74%	-25.14%	91.72%	-27.37%	-13.60%	31.76%	3.79%	73.91%	14.24%	16.23%	-18.59%
Operating Cash Flow Q/Q Growth	161.44%	-3.32%	-12.50%	36.00%	-22.47%	45.85%	-0.58%	-1.91%	-2.26%	-0.11%	-24.10%
Free Cash Flow Firm Q/Q Growth	161.43%	-797.15%	84.99%	-313.74%	-1.51%	135.55%	-60.87%	55.48%	-15.02%	76.14%	-92.36%
Invested Capital Q/Q Growth	6.65%	194.23%	2.02%	1.56%	1.61%	-0.73%	1.47%	-0.80%	1.09%	-2.65%	2.40%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	60.40%	52.43%	51.50%	67.47%	57.78%	50.82%	55.73%	57.90%	61.39%	62.79%	72.57%
EBITDA Margin	21.21%	16.20%	26.54%	38.96%	35.34%	34.84%	36.88%	26.88%	37.46%	42.89%	42.80%
Operating Margin	14.66%	10.57%	14.06%	21.89%	16.11%	12.04%	15.94%	7.13%	17.78%	23.09%	22.77%
EBIT Margin	14.66%	10.57%	14.06%	21.89%	16.11%	12.04%	15.94%	7.13%	17.78%	23.09%	22.77%
Profit (Net Income) Margin	10.01%	6.55%	12.43%	14.40%	9.55%	8.15%	11.59%	1.60%	10.66%	16.27%	18.90%
Tax Burden Percent	80.41%	85.89%	125.82%	86.22%	90.61%	101.88%	94.57%	63.89%	87.94%	87.98%	115.55%
Interest Burden Percent	84.93%	72.11%	70.26%	76.27%	65.44%	66.44%	76.87%	35.04%	68.16%	80.08%	71.82%
Effective Tax Rate	19.59%	14.11%	-25.82%	13.78%	12.01%	12.99%	16.18%	74.31%	17.87%	15.79%	19.96%
Return on Invested Capital (ROIC)	13.86%	6.81%	9.79%	7.60%	3.11%	2.19%	3.21%	0.47%	3.89%	5.16%	6.32%
ROIC Less NNEP Spread (ROIC-NNEP)	10.35%	3.62%	4.30%	4.08%	-0.51%	-0.03%	1.50%	0.27%	0.97%	2.97%	1.90%
Return on Net Nonoperating Assets (RNNOA)	15.21%	5.31%	4.87%	4.29%	-0.20%	-0.01%	0.50%	0.12%	0.55%	1.87%	-0.10%
Return on Equity (ROE)	29.07%	12.12%	14.65%	11.89%	2.91%	2.18%	3.70%	0.59%	4.44%	7.03%	6.22%
Cash Return on Invested Capital (CROIC)	7.34%	-79.97%	-10.77%	-2.95%	-118.21%	4.36%	1.32%	7.45%	-11.43%	9.80%	6.37%
Operating Return on Assets (OROA)	8.67%	4.33%	4.72%	5.62%	2.74%	2.02%	3.04%	1.42%	3.60%	4.79%	3.50%
Return on Assets (ROA)	5.92%	2.68%	4.18%	3.70%	1.63%	1.36%	2.21%	0.32%	2.16%	3.37%	2.91%
Return on Common Equity (ROCE)	25.56%	11.27%	13.96%	11.36%	2.88%	2.17%	3.68%	0.59%	4.34%	6.80%	6.01%
Return on Equity Simple (ROE_SIMPLE)	38.29%	8.39%	13.02%	12.14%	1.68%	2.21%	3.85%	0.64%	4.47%	7.38%	0.00%
Net Operating Profit after Tax (NOPAT)	342	306	703	635	696	778	1,139	164	1,410	1,965	1,404
NOPAT Margin	11.79%	9.08%	17.69%	18.88%	14.18%	10.48%	13.36%	1.83%	14.60%	19.44%	18.22%
Net Nonoperating Expense Percent (NNEP)	3.51%	3.19%	5.48%	3.52%	3.63%	2.21%	1.71%	0.20%	2.92%	2.18%	4.41%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	0.45%	3.47%	4.96%	3.09%
Cost of Revenue to Revenue	39.60%	47.57%	48.50%	32.53%	42.22%	49.18%	44.27%	42.10%	38.61%	37.21%	27.43%
SG&A Expenses to Revenue	45.74%	41.86%	37.44%	45.58%	41.67%	38.78%	39.78%	39.27%	42.20%	42.40%	53.47%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	45.74%	41.86%	37.44%	45.58%	41.67%	38.78%	39.78%	50.77%	43.61%	39.70%	49.80%
Earnings before Interest and Taxes (EBIT)	425	356	559	737	791	894	1,359	640	1,716	2,334	1,755
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	615	546	1,055	1,311	1,736	2,587	3,144	2,412	3,616	4,334	3,298
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.81	3.92	4.07	3.96	1.91	2.30	1.50	1.18	1.43	1.28	0.80
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	11.59
Price to Revenue (P/Rev)	3.35	3.06	3.88	4.69	10.82	8.45	4.50	2.94	3.39	2.82	2.38
Price to Earnings (P/E)	35.73	51.13	32.94	34.93	123.46	107.36	39.75	236.60	33.23	18.16	13.09
Dividend Yield	0.05%	0.06%	0.04%	0.04%	0.13%	0.37%	0.67%	1.03%	0.79%	0.89%	1.29%
Earnings Yield	2.80%	1.96%	3.04%	2.86%	0.81%	0.93%	2.52%	0.42%	3.01%	5.51%	7.64%
Enterprise Value to Invested Capital (EV/IC)	4.52	2.19	2.47	2.34	1.70	2.01	1.36	1.16	1.25	1.17	1.47
Enterprise Value to Revenue (EV/Rev)	3.97	4.19	4.92	6.12	12.47	9.51	5.70	4.33	5.05	4.30	4.24
Enterprise Value to EBITDA (EV/EBITDA)	18.70	25.88	18.54	15.71	35.30	27.30	15.46	16.09	13.48	10.03	9.91
Enterprise Value to EBIT (EV/EBIT)	27.05	39.66	35.00	27.95	77.42	78.99	35.78	60.65	28.41	18.62	18.63
Enterprise Value to NOPAT (EV/NOPAT)	33.64	46.17	27.82	32.42	87.99	90.78	42.68	236.08	34.59	22.12	23.27
Enterprise Value to Operating Cash Flow (EV/OCF)	19.39	23.83	38.18	18.63	44.04	30.51	17.48	17.30	21.69	12.30	12.30
Enterprise Value to Free Cash Flow (EV/FCFF)	63.53	0.00	0.00	0.00	0.00	45.57	103.49	15.03	0.00	11.63	23.08
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.70	1.74	1.34	1.39	0.34	0.35	0.46	0.63	0.73	0.73	0.92
Long-Term Debt to Equity	1.94	1.53	1.15	1.20	0.32	0.31	0.44	0.55	0.66	0.66	0.82
Financial Leverage	1.47	1.47	1.13	1.05	0.39	0.28	0.33	0.43	0.56	0.63	-0.05
Leverage Ratio	4.91	4.51	3.51	3.22	1.79	1.60	1.68	1.86	2.06	2.08	2.14
Compound Leverage Factor	4.17	3.26	2.47	2.45	1.17	1.06	1.29	0.65	1.40	1.67	1.54
Debt to Total Capital	72.98%	63.48%	57.18%	58.21%	25.47%	25.99%	31.65%	38.66%	42.10%	42.11%	47.84%
Short-Term Debt to Total Capital	20.47%	7.49%	7.94%	8.14%	1.32%	3.19%	1.49%	5.22%	3.90%	3.97%	4.97%
Long-Term Debt to Total Capital	52.51%	55.99%	49.24%	50.07%	24.15%	22.80%	30.16%	33.44%	38.20%	38.14%	42.87%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.30%	1.95%	1.84%	1.95%	0.53%	0.42%	0.64%	0.64%	1.92%	1.85%	1.95%
Common Equity to Total Capital	23.71%	34.57%	40.98%	39.85%	74.00%	73.59%	67.72%	60.70%	55.98%	56.04%	50.21%
Debt to EBITDA	3.80	8.85	5.02	4.45	5.52	3.73	3.81	5.89	4.78	3.86	6.61
Net Debt to EBITDA	2.74	6.72	3.75	3.52	4.56	2.98	3.18	5.06	4.20	3.28	4.08
Long-Term Debt to EBITDA	2.73	7.80	4.32	3.82	5.24	3.27	3.63	5.09	4.34	3.50	5.93
Debt to NOPAT	6.83	15.78	7.53	9.18	13.77	12.41	10.52	86.38	12.27	8.52	15.53
Net Debt to NOPAT	4.92	11.98	5.63	7.27	11.36	9.91	8.78	74.23	10.79	7.23	9.59
Long-Term Debt to NOPAT	4.91	13.92	6.48	7.89	13.05	10.88	10.02	74.73	11.13	7.72	13.92
Altman Z-Score	2.18	1.39	1.69	1.71	2.21	2.57	1.57	1.03	1.13	1.23	0.90
Noncontrolling Interest Sharing Ratio	12.08%	6.98%	4.73%	4.49%	1.22%	0.64%	0.74%	0.99%	2.21%	3.26%	3.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	1.09	1.13	1.03	1.22	1.01	1.06	0.92	0.99	0.97	1.69
Quick Ratio	0.28	0.50	0.43	0.48	0.72	0.60	0.66	0.43	0.39	0.58	1.22
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	181	-3,596	-774	-246	-26,463	1,550	470	2,583	-4,139	3,736	1,416
Operating Cash Flow to CapEx	647.32%	647.32%	354.99%	518.58%	451.91%	530.48%	563.81%	364.50%	341.68%	523.42%	430.03%
Free Cash Flow to Firm to Interest Expense	2.61	-24.60	-4.43	-1.26	-86.79	4.51	1.41	5.75	-6.27	5.89	2.18
Operating Cash Flow to Interest Expense	8.55	4.06	2.93	5.65	4.56	6.74	8.33	4.99	3.41	5.57	4.09
Operating Cash Flow Less CapEx to Interest Expense	7.23	3.43	2.11	4.56	3.55	5.47	6.86	3.62	2.41	4.51	3.14
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.59	0.41	0.34	0.26	0.17	0.17	0.19	0.20	0.20	0.21	0.15
Accounts Receivable Turnover	13.86	14.11	13.78	10.35	7.90	8.79	9.80	9.23	9.11	9.18	9.80
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	7.79	7.49	7.13	5.42	4.82	0.00	0.00	5.09	4.79	4.52	5.27
Accounts Payable Turnover	3.72	2.83	2.09	0.99	1.38	1.88	1.64	1.52	1.42	1.27	0.77
Days Sales Outstanding (DSO)	26.34	25.88	26.49	35.25	46.21	41.53	37.26	39.54	40.04	39.76	37.23
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	98.11	128.81	174.59	369.38	263.91	194.14	222.64	240.76	257.90	286.60	474.64
Cash Conversion Cycle (CCC)	-71.77	-102.93	-148.11	-334.13	-217.70	-152.61	-185.37	-201.22	-217.85	-246.84	-437.42
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,546	6,447	7,924	8,806	35,965	35,194	35,863	33,444	38,993	37,222	22,221
Invested Capital Turnover	1.18	0.75	0.55	0.40	0.22	0.21	0.24	0.26	0.27	0.27	0.35
Increase / (Decrease) in Invested Capital	161	3,902	1,477	882	27,159	-772	669	-2,419	5,549	-1,771	-12
Enterprise Value (EV)	11,494	14,131	19,561	20,604	61,274	70,614	48,615	38,824	48,767	43,460	32,686
Market Capitalization	9,707	10,315	15,431	15,789	53,164	62,753	38,376	26,379	32,773	28,519	18,324
Book Value per Share	$5.86	$17.12	$23.84	$25.23	$92.68	$91.31	$88.33	$82.48	$88.33	$87.55	$96.68
Tangible Book Value per Share	($10.01)	($27.73)	($25.71)	($30.58)	($30.14)	($28.58)	($37.29)	($39.48)	($53.43)	($50.84)	$6.68
Total Capital	3,196	7,610	9,260	10,017	37,644	37,140	37,847	36,746	41,082	39,760	45,587
Total Debt	2,333	4,831	5,295	5,831	9,589	9,652	11,978	14,206	17,294	16,744	21,807
Total Long-Term Debt	1,678	4,261	4,559	5,015	9,090	8,466	11,415	12,289	15,692	15,165	19,542
Net Debt	1,682	3,668	3,959	4,620	7,910	7,707	9,998	12,208	15,205	14,205	13,471
Capital Expenditures (CapEx)	92	92	144	213	308	436	493	616	658	675	618
Debt-free, Cash-free Net Working Capital (DFCFNWC)	278	-329	-112	-288	-393	-717	-1,169	-666	-539	-1,175	-925
Debt-free Net Working Capital (DFNWC)	929	834	1,223	923	1,285	1,229	811	1,332	1,550	1,363	7,412
Net Working Capital (NWC)	275	264	488	108	787	43	248	-585	-52	-216	5,146
Net Nonoperating Expense (NNE)	51	85	209	151	227	173	151	21	381	321	-52
Net Nonoperating Obligations (NNO)	1,682	3,668	3,959	4,620	7,910	7,707	9,993	10,904	15,205	14,205	-1,558
Total Depreciation and Amortization (D&A)	190	190	496	574	944	1,693	1,785	1,772	1,900	2,000	1,543
Debt-free, Cash-free Net Working Capital to Revenue	9.61%	-9.76%	-2.83%	-8.55%	-8.00%	-9.65%	-13.71%	-7.42%	-5.58%	-11.63%	-12.00%
Debt-free Net Working Capital to Revenue	32.06%	24.74%	30.78%	27.42%	26.17%	16.56%	9.51%	14.84%	16.05%	13.49%	96.18%
Net Working Capital to Revenue	9.48%	7.83%	12.28%	3.20%	16.02%	0.58%	2.91%	-6.51%	-0.54%	-2.14%	66.78%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.08	$0.00	$3.03	$2.85	$2.17	$1.95	$3.30	$0.41	$3.78	$6.18	$5.79
Adjusted Weighted Average Basic Shares Outstanding	130.24M	0.00	159.21M	157.60M	299.63M	295.24M	281.97M	263.15M	257.98M	247.62M	279.90M
Adjusted Diluted Earnings per Share	$2.06	$0.00	$3.01	$2.84	$2.16	$1.95	$3.29	$0.40	$3.77	$6.16	$5.78
Adjusted Weighted Average Diluted Shares Outstanding	130.24M	0.00	159.21M	157.60M	299.63M	295.24M	281.97M	263.15M	257.98M	247.62M	279.90M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	130.24M	0.00	159.21M	157.60M	299.63M	295.24M	281.97M	263.15M	257.98M	247.62M	279.90M
Normalized Net Operating Profit after Tax (NOPAT)	342	306	391	635	696	778	1,139	1,031	1,410	1,965	1,431
Normalized NOPAT Margin	11.79%	9.08%	9.84%	18.88%	14.18%	10.48%	13.36%	11.49%	14.60%	19.44%	18.57%
Pre Tax Income Margin	12.45%	7.62%	9.88%	16.70%	10.54%	8.00%	12.25%	2.50%	12.12%	18.49%	16.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	6.13	2.44	3.20	3.77	2.60	2.60	4.07	1.42	2.60	3.68	2.70
NOPAT to Interest Expense	4.93	2.09	4.02	3.25	2.28	2.26	3.41	0.37	2.14	3.10	2.16
EBIT Less CapEx to Interest Expense	4.81	1.81	2.37	2.68	1.59	1.33	2.59	0.05	1.60	2.62	1.75
NOPAT Less CapEx to Interest Expense	3.61	1.47	3.20	2.16	1.27	0.99	1.94	-1.00	1.14	2.04	1.21
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	9.91%	13.03%	3.25%	2.48%	25.22%	42.87%	26.29%	207.23%	28.52%	17.69%	20.40%
Augmented Payout Ratio	60.97%	80.17%	16.72%	51.94%	104.91%	157.30%	291.94%	2,272.57%	73.18%	122.12%	104.92%

This table displays calculated financial ratios and metrics derived from Global Payments' official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	279,901,327.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	279,901,327.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-6.43
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	8.33%	8.03%	5.57%	4.74%	5.08%	3.35%	-0.33%	-0.72%	0.50%	-1.31%	63.14%
EBITDA Growth	27.85%	17.12%	91.82%	-1.55%	-6.03%	35.16%	1.18%	-20.06%	17.01%	-59.64%	1.80%
EBIT Growth	44.45%	22.34%	697.13%	-5.00%	-14.80%	67.06%	4.12%	-10.14%	75.72%	-87.00%	-104.21%
NOPAT Growth	30.95%	42.17%	971.06%	29.16%	-15.99%	37.88%	-7.69%	-32.26%	47.73%	-88.67%	-103.54%
Net Income Growth	25.47%	44.04%	7,409.10%	36.97%	-11.44%	60.64%	-3.19%	-36.78%	98.06%	-60.46%	-668.80%
EPS Growth	32.38%	52.22%	3,150.00%	40.00%	-10.79%	62.77%	1.64%	-32.65%	112.90%	-59.19%	-631.45%
Operating Cash Flow Growth	26.88%	-7.34%	-30.56%	30.43%	304.41%	-0.61%	4.82%	1.07%	-8.02%	-41.68%	-152.03%
Free Cash Flow Firm Growth	-319.42%	-283.38%	70.16%	95.46%	116.91%	148.22%	459.75%	6,085.41%	2,324.73%	-99.61%	-330.82%
Invested Capital Growth	14.41%	16.59%	2.88%	1.77%	-0.88%	-4.54%	-5.14%	-43.68%	-43.24%	-0.05%	14.41%
Revenue Q/Q Growth	0.95%	-1.69%	-0.56%	6.14%	1.28%	-3.31%	-4.11%	-18.88%	2.60%	-33.78%	123.39%
EBITDA Q/Q Growth	-4.24%	-6.48%	-3.47%	13.89%	-8.60%	34.50%	-27.74%	-18.13%	42.15%	-60.31%	97.61%
EBIT Q/Q Growth	-7.39%	-10.66%	-9.32%	26.62%	-16.95%	75.19%	-43.48%	-9.28%	82.12%	-89.91%	-119.93%
NOPAT Q/Q Growth	30.84%	1.39%	-12.50%	11.27%	-14.89%	66.40%	-41.42%	-32.67%	104.84%	-89.85%	-119.93%
Net Income Q/Q Growth	32.51%	-1.11%	-13.26%	20.50%	-14.32%	79.38%	-47.72%	-21.32%	168.43%	-64.19%	-851.98%
EPS Q/Q Growth	32.38%	-1.44%	-10.95%	20.49%	-15.65%	79.84%	-44.39%	-20.16%	166.67%	-65.53%	-824.18%
Operating Cash Flow Q/Q Growth	-24.45%	54.04%	-36.68%	77.00%	134.24%	-62.14%	-15.04%	47.27%	-5.97%	-32.98%	-156.06%
Free Cash Flow Firm Q/Q Growth	4.45%	-15.64%	86.82%	68.86%	456.28%	229.67%	-1.65%	625.13%	-1.91%	-99.61%	-8,097.89%
Invested Capital Q/Q Growth	0.01%	1.09%	0.17%	0.49%	-2.59%	-2.65%	-0.46%	-40.34%	-1.84%	2.40%	90.77%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.02%	62.11%	61.89%	63.47%	63.60%	62.14%	61.81%	74.51%	72.27%	89.72%	57.11%
EBITDA Margin	42.34%	40.28%	39.10%	41.95%	37.86%	52.67%	39.69%	40.06%	55.50%	33.27%	29.43%
Operating Margin	22.55%	20.49%	18.69%	22.29%	18.28%	33.12%	19.52%	21.83%	38.75%	5.91%	-0.53%
EBIT Margin	22.55%	20.49%	18.69%	22.29%	18.28%	33.12%	19.52%	21.83%	38.75%	5.91%	-0.53%
Profit (Net Income) Margin	15.21%	15.30%	13.35%	15.15%	12.82%	23.78%	12.97%	12.58%	32.90%	17.80%	-59.91%
Tax Burden Percent	90.13%	101.23%	99.09%	86.74%	88.94%	83.21%	88.56%	79.26%	100.75%	-399.40%	792.47%
Interest Burden Percent	74.85%	73.77%	72.09%	78.37%	78.85%	86.30%	75.00%	72.68%	84.28%	-75.44%	1,434.84%
Effective Tax Rate	14.11%	2.52%	5.94%	17.34%	15.30%	19.55%	16.61%	38.12%	30.40%	0.00%	0.00%
Return on Invested Capital (ROIC)	5.08%	5.32%	4.46%	4.69%	4.04%	7.07%	4.32%	4.44%	9.09%	1.43%	-0.08%
ROIC Less NNEP Spread (ROIC-NNEP)	4.29%	4.45%	3.81%	4.16%	3.58%	6.58%	3.79%	4.19%	10.94%	-14.08%	-11.22%
Return on Net Nonoperating Assets (RNNOA)	2.45%	2.51%	2.59%	2.86%	2.30%	4.13%	2.48%	1.33%	2.98%	0.70%	-7.47%
Return on Equity (ROE)	7.52%	7.83%	7.05%	7.55%	6.34%	11.20%	6.80%	5.77%	12.06%	2.14%	-7.55%
Cash Return on Invested Capital (CROIC)	-9.96%	-11.43%	1.73%	3.03%	5.52%	9.80%	10.37%	61.81%	61.82%	6.37%	-10.87%
Operating Return on Assets (OROA)	4.60%	4.15%	3.64%	4.46%	3.71%	6.87%	3.97%	4.44%	7.99%	0.91%	-0.08%
Return on Assets (ROA)	3.10%	3.10%	2.60%	3.03%	2.60%	4.93%	2.63%	2.56%	6.78%	2.74%	-9.48%
Return on Common Equity (ROCE)	7.37%	7.66%	6.81%	7.30%	6.13%	10.84%	6.57%	5.57%	11.64%	2.06%	-7.29%
Return on Equity Simple (ROE_SIMPLE)	4.08%	0.00%	6.11%	6.53%	6.22%	0.00%	7.34%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	479	486	425	473	403	670	393	264	542	55	-11
NOPAT Margin	19.37%	19.97%	17.58%	18.43%	15.48%	26.65%	16.28%	13.51%	26.97%	4.13%	-0.37%
Net Nonoperating Expense Percent (NNEP)	0.78%	0.87%	0.66%	0.53%	0.46%	0.49%	0.53%	0.25%	-1.86%	15.51%	11.14%
Return On Investment Capital (ROIC_SIMPLE)	-	1.20%	-	-	-	1.69%	0.99%	0.66%	1.37%	0.12%	-0.02%
Cost of Revenue to Revenue	36.98%	37.89%	38.11%	36.53%	36.40%	37.86%	38.19%	25.49%	27.73%	10.28%	42.89%
SG&A Expenses to Revenue	40.47%	41.71%	43.20%	41.17%	45.32%	39.88%	42.45%	52.69%	50.65%	78.89%	57.64%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	40.47%	41.61%	43.20%	41.17%	45.32%	29.02%	42.29%	52.68%	33.52%	83.81%	57.64%
Earnings before Interest and Taxes (EBIT)	558	499	452	573	476	833	471	427	778	79	-16
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,048	980	946	1,078	985	1,325	957	784	1,114	442	874
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.33	1.43	1.56	1.10	1.14	1.28	1.09	0.86	0.89	0.80	0.79
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.28	12.16	11.59	0.00
Price to Revenue (P/Rev)	3.14	3.39	3.55	2.49	2.60	2.82	2.40	1.94	2.00	2.38	2.13
Price to Earnings (P/E)	34.02	33.23	26.48	17.49	19.10	18.16	15.51	13.65	11.52	13.09	0.00
Dividend Yield	0.87%	0.79%	0.75%	1.03%	0.98%	0.89%	1.02%	1.25%	1.20%	1.29%	1.49%
Earnings Yield	2.94%	3.01%	3.78%	5.72%	5.24%	5.51%	6.45%	7.32%	8.68%	7.64%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.19	1.25	1.32	1.06	1.09	1.17	1.05	1.56	1.59	1.47	0.88
Enterprise Value to Revenue (EV/Rev)	4.84	5.05	5.27	4.20	4.14	4.30	3.87	3.41	3.43	4.24	4.23
Enterprise Value to EBITDA (EV/EBITDA)	13.21	13.48	12.67	10.25	10.40	10.03	8.99	8.29	8.02	9.91	11.30
Enterprise Value to EBIT (EV/EBIT)	28.23	28.41	24.41	19.96	20.75	18.62	16.60	14.92	13.10	18.63	27.38
Enterprise Value to NOPAT (EV/NOPAT)	36.44	34.59	29.32	22.32	23.26	22.12	20.16	18.90	17.36	23.27	36.66
Enterprise Value to Operating Cash Flow (EV/OCF)	19.94	21.69	24.96	18.57	11.73	12.30	10.97	9.64	9.88	12.30	20.65
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	77.47	35.21	19.56	11.63	9.90	1.81	1.87	23.08	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.75	0.73	0.79	0.79	0.74	0.73	0.74	0.71	0.69	0.92	0.96
Long-Term Debt to Equity	0.72	0.66	0.68	0.67	0.64	0.66	0.65	0.60	0.57	0.82	0.85
Financial Leverage	0.57	0.56	0.68	0.69	0.64	0.63	0.65	0.32	0.27	-0.05	0.67
Leverage Ratio	2.02	2.06	2.19	2.15	2.11	2.08	2.16	2.13	2.08	2.14	2.35
Compound Leverage Factor	1.51	1.52	1.58	1.68	1.67	1.80	1.62	1.55	1.75	-1.62	33.65
Debt to Total Capital	42.85%	42.10%	44.25%	43.99%	42.64%	42.11%	42.36%	41.55%	40.81%	47.84%	48.86%
Short-Term Debt to Total Capital	1.95%	3.90%	6.49%	6.23%	5.69%	3.97%	4.78%	6.23%	7.25%	4.97%	5.37%
Long-Term Debt to Total Capital	40.90%	38.20%	37.76%	37.76%	36.95%	38.14%	37.59%	35.32%	33.56%	42.87%	43.49%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	1.77%	1.92%	1.87%	1.87%	1.96%	1.85%	1.94%	2.07%	2.09%	1.95%	1.83%
Common Equity to Total Capital	55.38%	55.98%	53.89%	54.14%	55.40%	56.04%	55.69%	56.39%	57.10%	50.21%	49.31%
Debt to EBITDA	5.00	4.78	4.48	4.49	4.40	3.86	3.89	4.01	3.76	6.61	7.12
Net Debt to EBITDA	4.44	4.20	3.95	3.97	3.66	3.28	3.23	3.38	3.15	4.08	5.35
Long-Term Debt to EBITDA	4.77	4.34	3.83	3.85	3.81	3.50	3.46	3.41	3.09	5.93	6.33
Debt to NOPAT	13.79	12.27	10.38	9.77	9.85	8.52	8.74	9.15	8.13	15.53	23.09
Net Debt to NOPAT	12.25	10.79	9.14	8.65	8.20	7.23	7.24	7.71	6.82	9.59	17.35
Long-Term Debt to NOPAT	13.16	11.13	8.85	8.39	8.53	7.72	7.75	7.78	6.69	13.92	20.55
Altman Z-Score	1.03	1.05	1.02	0.86	0.93	1.13	0.97	0.84	0.90	0.79	0.45
Noncontrolling Interest Sharing Ratio	2.02%	2.21%	3.42%	3.29%	3.26%	3.26%	3.36%	3.44%	3.48%	3.48%	3.48%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.09	0.99	0.92	0.92	0.93	0.97	0.94	0.95	0.85	1.69	0.79
Quick Ratio	0.49	0.39	0.31	0.35	0.48	0.58	0.56	0.42	0.41	1.22	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-4,378	-5,063	-667	-208	740	2,441	2,401	17,409	17,076	67	-5,350
Operating Cash Flow to CapEx	251.37%	417.83%	286.24%	411.17%	1,038.19%	355.12%	435.13%	537.24%	452.70%	306.29%	-110.52%
Free Cash Flow to Firm to Interest Expense	-24.86	-29.83	-4.12	-1.31	4.75	15.57	15.28	114.35	118.77	0.34	-22.07
Operating Cash Flow to Interest Expense	2.42	3.87	2.57	4.63	11.07	4.17	3.53	5.37	5.35	2.62	-1.19
Operating Cash Flow Less CapEx to Interest Expense	1.46	2.95	1.67	3.50	10.00	2.99	2.72	4.37	4.17	1.77	-2.27
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.20	0.20	0.19	0.20	0.20	0.21	0.20	0.20	0.21	0.15	0.16
Accounts Receivable Turnover	9.13	9.11	9.22	8.63	9.00	9.18	9.32	10.09	9.95	9.80	7.01
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.89	4.79	4.63	0.00	4.50	4.52	4.44	5.42	5.35	5.27	4.06
Accounts Payable Turnover	1.56	1.42	1.44	1.37	1.41	1.27	1.35	1.54	1.47	0.77	0.87
Days Sales Outstanding (DSO)	40.00	40.04	39.58	42.29	40.58	39.76	39.16	36.17	36.69	37.23	52.10
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	233.58	257.90	253.65	266.01	259.34	286.60	269.74	236.58	248.56	474.64	419.95
Cash Conversion Cycle (CCC)	-193.59	-217.85	-214.07	-223.72	-218.77	-246.84	-230.59	-200.41	-211.87	-437.42	-367.85
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	38,572	38,993	39,059	39,251	38,234	37,222	37,051	22,106	21,700	22,221	42,390
Invested Capital Turnover	0.26	0.27	0.25	0.25	0.26	0.27	0.27	0.33	0.34	0.35	0.22
Increase / (Decrease) in Invested Capital	4,857	5,549	1,093	681	-338	-1,771	-2,008	-17,144	-16,534	-12	5,339
Enterprise Value (EV)	45,875	48,767	51,554	41,546	41,482	43,460	39,050	34,384	34,582	32,686	37,435
Market Capitalization	29,739	32,773	34,711	24,683	26,059	28,519	24,247	19,520	20,156	18,324	18,837
Book Value per Share	$86.32	$88.33	$87.04	$87.71	$89.65	$87.55	$89.85	$92.64	$93.44	$96.68	$85.00
Tangible Book Value per Share	($55.14)	($53.43)	($56.06)	($55.16)	($52.93)	($50.84)	($51.84)	$6.03	$6.83	$6.68	($83.84)
Total Capital	40,519	41,082	41,227	41,348	41,176	39,760	39,947	40,069	39,697	45,587	48,252
Total Debt	17,361	17,294	18,241	18,187	17,557	16,744	16,923	16,647	16,199	21,807	23,577
Total Long-Term Debt	16,571	15,692	15,566	15,612	15,216	15,165	15,014	14,151	13,323	19,542	20,984
Net Debt	15,420	15,205	16,073	16,090	14,615	14,205	14,027	14,036	13,596	13,471	17,716
Capital Expenditures (CapEx)	170	157	145	179	166	184	128	152	170	168	261
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-594	-539	-338	-301	-1,229	-1,175	-1,390	-546	-952	-925	-6,341
Debt-free Net Working Capital (DFNWC)	1,348	1,550	1,829	1,796	1,713	1,363	1,506	2,066	1,651	7,412	-480
Net Working Capital (NWC)	558	-52	-846	-779	-628	-216	-402	-430	-1,226	5,146	-3,073
Net Nonoperating Expense (NNE)	103	114	102	84	69	72	80	18	-119	-182	1,768
Net Nonoperating Obligations (NNO)	15,414	15,205	16,073	16,090	14,615	14,205	14,027	-1,315	-1,798	-1,558	17,716
Total Depreciation and Amortization (D&A)	490	482	494	505	509	492	487	357	336	364	890
Debt-free, Cash-free Net Working Capital to Revenue	-6.27%	-5.58%	-3.46%	-3.04%	-12.26%	-11.63%	-13.76%	-5.41%	-9.44%	-12.00%	-71.61%
Debt-free Net Working Capital to Revenue	14.23%	16.05%	18.70%	18.14%	17.09%	13.49%	14.92%	20.49%	16.35%	96.18%	-5.42%
Net Working Capital to Revenue	5.89%	-0.54%	-8.65%	-7.87%	-6.26%	-2.14%	-3.98%	-4.27%	-12.15%	66.78%	-34.70%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.39	$1.38	$1.22	$1.47	$1.24	$2.25	$1.24	$0.99	$2.65	$0.91	($6.59)
Adjusted Weighted Average Basic Shares Outstanding	260.39M	257.98M	255.25M	254.44M	254.49M	247.62M	243.88M	242.61M	236.74M	279.90M	273.54M
Adjusted Diluted Earnings per Share	$1.39	$1.37	$1.22	$1.47	$1.24	$2.23	$1.24	$0.99	$2.64	$0.91	($6.59)
Adjusted Weighted Average Diluted Shares Outstanding	260.39M	257.98M	255.25M	254.44M	254.49M	247.62M	243.88M	242.61M	236.74M	279.90M	273.54M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	260.39M	257.98M	255.25M	254.44M	254.49M	247.62M	243.88M	242.61M	236.74M	279.90M	273.54M
Normalized Net Operating Profit after Tax (NOPAT)	479	486	425	473	403	670	393	264	542	55	-11
Normalized NOPAT Margin	19.37%	19.97%	17.58%	18.43%	15.48%	26.65%	16.28%	13.51%	26.97%	4.13%	-0.37%
Pre Tax Income Margin	16.88%	15.12%	13.47%	17.47%	14.42%	28.58%	14.64%	15.87%	32.66%	-4.46%	-7.56%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	3.17	2.94	2.79	3.60	3.05	5.31	3.00	2.81	5.41	0.40	-0.06
NOPAT to Interest Expense	2.72	2.86	2.62	2.97	2.58	4.28	2.50	1.74	3.77	0.28	-0.05
EBIT Less CapEx to Interest Expense	2.21	2.01	1.89	2.47	1.98	4.14	2.19	1.81	4.23	-0.46	-1.14
NOPAT Less CapEx to Interest Expense	1.76	1.94	1.73	1.85	1.52	3.10	1.69	0.74	2.59	-0.58	-1.12
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	31.82%	28.52%	21.37%	19.40%	20.68%	17.69%	17.99%	20.43%	16.49%	20.40%	-47.15%
Augmented Payout Ratio	167.05%	73.18%	100.23%	84.46%	88.21%	122.12%	101.11%	121.20%	126.12%	104.92%	-256.31%

Financials Breakdown Chart

Key Financial Trends

Here is a concise, investor-focused read on Global Payments (NYSE: GPN) using the latest four years of quarterly data provided. The bullets highlight notable trends and potential implications for shareholders, with items grouped by potential impact.

Very strong gross margin discipline: Gross margin in several quarters runs in the high 80s to around 90%, e.g., Q4 2025 Total Gross Profit of 1,192,680,000 on Operating Revenue of 1,329,396,000 (~89.7% gross margin). This suggests a durable core profitability despite quarterly revenue swings.
Robust cash flow from operations across many periods: Net Cash From Continuing Operating Activities is regularly sizable (e.g., Q2 2025: ~817.5M; Q3 2025: ~768.7M; Q4 2025: ~515.2M; Q1 2025: ~555.1M), indicating the business consistently converts revenue into cash, even with seasonality.
Healthy liquidity position in mid-2025: Cash & Equivalents around 7.21B in Q3 2025, providing a strong liquidity cushion to fund operations, capital needs, and potential opportunistic moves.
Solid earnings per share in several quarters: Notably, Q3 2025 delivered Basic EPS of 2.65 and Diluted EPS of 2.64, supported by 236.7M weighted shares. This highlights meaningful quarterly profitability at peak periods.
Large, durable equity base: Total Common Equity typically around 22B+ across 2025, with Total Common Equity near 22.7B in several periods, signaling a strong capital base to support growth and resilience.
Access to financing (debt) demonstrated in late 2025: Q4 2025 shows Issuance of Debt of about 7.4B, helping to bolster liquidity and funding flexibility during the period; Net Financing Activities were positive in that quarter, reflecting a proactive balance-sheet stance.
Seasonality and revenue volatility: Operating Revenue in Q4 2025 (1.33B) materially lagged Q3 2025 (2.01B) and is generally lower than the comparable Q4 2024 period, indicating typical seasonality and quarterly fluctuations rather than a uniform year-over-year rise.
Investing cash outflows are substantial: Net Cash From Investing Activities is consistently negative (e.g., Q4 2025 around -309.9M; Q3 2025 around -556.4M; Q1 2025 around -1.49B in some periods), reflecting ongoing capital investments that pressure near-term cash, even as operating cash remains strong.
Debt load and interest exposure: Long-term debt remains sizable (around the mid-to-high tens of billions across periods) and interest expense fluctuates quarterly; this creates sensitivity to interest-rate movements and refinancing risk, although debt issuances help manage liquidity.
Working capital and balance-sheet dynamics show swings: Changes in operating assets and liabilities, net, and other working-capital components move cash flow directionally from period to period, contributing to quarterly cash-flow variability despite solid overall profitability.
Near-term quarterly EPS can dip from peak periods: While Q3 2025 showed strong EPS, Q4 2025 EPS to common dropped to 0.91 (basic) and 0.91 (diluted) in that period, highlighting quarterly volatility in reported earnings.
Significant near-term financing activity can imply higher leverage risk: The sizable debt issuance in late 2025, while liquidity-supportive, indicates increased leverage that investors should monitor against rising borrowing costs or slower organic growth.
Seasonal revenue concentration risk: A notable portion of annual revenue appears concentrated in certain quarters, which can pose quarterly earnings risk if macro conditions or late-year demand deteriorate.

05/23/26 02:33 PM ETAI Generated. May Contain Errors.

Global Payments Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Global Payments' financial year ends in December. Their financial year 2025 ended on December 31, 2025.

Global Payments' net income appears to be on an upward trend, with a most recent value of $1.46 billion in 2025, rising from $290.22 million in 2015. The previous period was $1.64 billion in 2024. See Global Payments' forecast for analyst expectations on what's next for the company.

Global Payments' total operating income in 2025 was $1.75 billion, based on the following breakdown:

Total Gross Profit: $5.59 billion
Total Operating Expenses: $3.84 billion

Over the last 10 years, Global Payments' total revenue changed from $2.90 billion in 2015 to $7.71 billion in 2025, a change of 165.9%.

Global Payments' total liabilities were at $29.56 billion at the end of 2025, a 23.8% increase from 2024, and a 501.3% increase since 2015.

In the past 10 years, Global Payments' cash and equivalents has ranged from $650.74 million in 2015 to $8.34 billion in 2025, and is currently $8.34 billion as of their latest financial filing in 2025.

Over the last 10 years, Global Payments' book value per share changed from 5.86 in 2015 to 96.68 in 2025, a change of 1,548.7%.

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Financial statements for NYSE:GPN last updated on 5/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Global Payments (GPN) Financials

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Global Payments (GPN) Financials

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