Financials · Transaction & Payment Processing Services · US stock · price as of 16 Oct 2026
Key indicators
Price
$83.67
52-week range
$60.75 – $95.61
Market cap
$22.6B
P/E (trailing)
–
EV / EBITDA
10.8×
Free-cash-flow yield
3.6%
Dividend yield
1.2%
Revenue (last 12 months)
$10.2B
Revenue growth (3y a year)
4.1%
Operating margin
12.4%
Return on invested capital
2.8%
Net debt / EBITDA
4.6×
Fair value
Blended fair value$48.92 range $49 – $49
Versus priceOvervalued−42% to fair value
Peer multiples
$47.86
Fundamentals-adjusted multiple
$49.99
10-year DCF (market-scaled)
n/m
Earnings power value (floor, not blended)
$7.12
Model uncertainty
Medium
X-Ray Score
22/ 100 · High confidence · ahead of 0% of sector peers
Valuation15
Growth34
Profitability28
Financial health14
Dividends17
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Merchants and financial institutions are the customers of Global Payments, which provides payment technology and software. Its services include card acceptance, payment processing, point-of-sale systems and business management software, and it also supports banks with processing services. Customers range from small local businesses to large retailers, restaurants and online merchants. It serves them across many countries through a mix of direct sales and partnerships.
Fees on the payments it processes, together with software subscriptions and related services, generated revenue of $10.2 billion over the last twelve months. Revenue has grown at 4.1% a year across the last three years. The operating margin is 12.4%, the business earns 3% on the capital invested in it, and net debt is 4.6 times EBITDA. The dividend yield is 1.2%.
StocksXray gives Global Payments Inc an X-Ray Score of 22 out of 100 (high confidence), ahead of 0% of the S&P 500 stocks in its sector. Its strongest lens is growth (34) and its weakest is financial health (14).
Our fair value blend is $48.92 (range $48.92 to $48.92). At $83.67 the stock trades 71% above that blend, so the label is "Overvalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Global Payments Inc (GPN)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$128.83
$95.45
$123.15
$109.64
$76.64
$83.67
Market cap
$37.8B
$26.3B
$32.2B
$27.9B
$18.5B
$22.6B
P/E
39.2×
238.6×
32.7×
17.8×
13.3×
–
EV / revenue
5.6×
5.6×
6.3×
5.5×
4.2×
3.9×
EV / EBITDA
15.6×
28.2×
19.0×
13.2×
10.8×
11.0×
Price / free cash flow
16.5×
13.7×
17.0×
11.7×
9.1×
27.5×
Free-cash-flow yield
6.0%
7.3%
5.9%
8.5%
11.0%
3.6%
Price / book
1.5×
1.2×
1.4×
1.3×
0.8×
1.0×
Dividend yield
0.69%
1.05%
0.81%
0.91%
1.30%
1.20%
Fundamentals checklist ● 2 Good · ● 0 Average · ● 14 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−4.1%Good
Free-cash-flow yield3.6%Bad
Risk models
Altman Z score0.7×Bad
Piotroski F-Score5 of 9Bad
Growth
EPS growth (3y)143.6%Good
Free-cash-flow growth (3y)1.9%Bad
Revenue growth (3y)4.1%Bad
Growth consistency40%Bad
Balance sheet
Current ratio0.8×Bad
Net debt / EBITDA4.6×Bad
Interest cover1.5×Bad
Valuation
Fair value vs price0.6×Bad
EBIT / EV yield3.2%Bad
Profitability
Return on invested capital2.8%Bad
Operating margin12.4%Bad
Gross profitability10.3%Bad
XStocksXray
Global Payments Inc (GPN)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
8,524
6,829
7,380
7,736
7,706
10,231
Gross profit
4,750
4,606
5,311
5,702
5,592
6,538
Operating income
1,359
310
1,316
1,975
1,755
1,269
Net income
965
111
986
1,570
1,400
-934
Diluted EPS ($)
3.29
0.40
3.77
6.16
5.78
-3.64
Free cash flow
2,288
1,925
1,892
2,383
2,039
823
Gross margin
55.7%
67.4%
72.0%
73.7%
72.6%
63.9%
Operating margin
15.9%
4.5%
17.8%
25.5%
22.8%
12.4%
Net margin
11.3%
1.6%
13.4%
20.3%
18.2%
−9.1%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
45,280
44,809
50,570
46,890
53,338
63,574
Cash
1,979
1,998
1,907
2,356
8,336
5,409
Total debt
11,493
13,459
16,087
16,098
21,462
22,418
Equity
25,628
22,304
22,999
22,281
22,889
23,111
Dividend per share ($)
0.89
1.00
1.00
1.00
1.00
1.00
Revenue and net income US$ billions: navy revenue, teal net income
Margins blue gross, teal operating, brown net
Latest quarters
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Revenue ($M)
1,820
1,969
2,008
1,933
2,970
3,321
Growth vs a year earlier
−0.8%
−0.1%
+0.5%
−0.0%
+63.1%
+68.6%
Net income ($M)
306
242
635
218
-1,800
13
Diluted EPS ($)
1.24
0.99
2.64
–
-6.59
0.05
XStocksXray
Global Payments Inc (GPN)
Peers in Transaction & Payment Processing Services
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.