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Payments technology company providing merchant payment processing and software to businesses worldwide.
Payments technology company providing merchant payment processing and software to businesses worldwide.
Charges merchants a small fee on each card payment it processes and adds recurring software fees from restaurants, salons and other small businesses. It grew by buying: Heartland in 2016 and the 2019 merger with TSYS. In 2025 it agreed to buy Worldpay and to sell its issuer-processing business to FIS.
Moat: narrow (switching costs, scale, distribution). Integrated software plus payments creates switching costs versus pure processors.
Headquarters: Atlanta, Georgia, US · Founded: 1967 · Employees: 26,000
Size Global Payments (GPN) is a United States Financials company (Finance/Rental/Leasing) with a market value of $25.8B, the 414th largest of 3,117 United States companies the cockpit tracks. Shares closed at $97.40 on 6 Nov 2026.
Performance Over six months the shares gained 41.3%, against -1.6% for the median peer and -1.1% for the United States market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +17.5%); the operating margin is 20.6% (peer median 29.4%).
Valuation It trades at 1.12× book value against a peer median of 1.81× (6th cheapest of 21).
Price implies The share price implies a return on equity of about 9.8%; Global Payments delivers 2.2%, so the price asks more than the business earns today.
Backlog Backlog (remaining performance obligations) was $860M at 30 Sep 2026, up 17% on a year earlier — 0.1 years of trailing revenue. Backlog detail →
Credit Global Payments has 17 bonds outstanding ($17.1B), rated BBB- by the agencies and trading like BBB- at a weighted spread of 127 bp.
Short interest Short interest is 5.5% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $10.2B | $7.71B | $7.74B | $9.65B | $8.98B |
| Revenue growth | — | 0% | -20% | +8% | — |
| Gross profit | $6.51B | $5.59B | $5.70B | $5.93B | $5.20B |
| EBITDA | $4.60B | $3.76B | $4.02B | $4.12B | $3.75B |
| Net income | $754M | $1.40B | $1.57B | $986M | $111M |
| Free cash flow | $823M | $2.04B | $2.38B | $1.59B | $1.63B |
| Capital expenditure | $835M | $618M | $675M | $658M | $616M |
| Total debt | $23.6B | $22.2B | $17.0B | $17.8B | $14.7B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| Global Payments GPN | $25.8B | +41% | +7% | 2% | 1.12× | 9.8% |
| Fiserv FISV | $33.4B | +13% | -2% | -17% | 1.59× | 12.7% |
| Fidelity National Information Services FIS | $14.8B | -33% | +24% | 23% | 1.06× | 9.5% |
| Block XYZ | $51.7B | +14% | +7% | 2% | 2.26× | 36.3% |
| Adyen ADYEN.AS | $32.0B | 0% | +17% | 21% | 4.81× | 59.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GPN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +17.7% | +2.5% | 3rd highest of 21 |
| 6-month return | +41.3% | -1.6% | 2nd highest of 21 |
| Return on equity | 2.2% | 15.9% | lowest of 21 |
| Price / book | 1.12× | 1.81× | 6th cheapest of 21 |
| Trailing P/E | 30.6× | 13.0× | 4th most expensive of 21 |
| ROE the price implies | 9.8% | 23.1% | 3rd least demanding of 21 |
| ROE delivered | 2.2% | 14.7% | lowest of 20 |
| Bond spread | 127 bp | 108 bp | 5th widest of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| Global Payments GPN | United States | $25.8B | +41% | +7% | 2% | 1.12× | 9.8% | 2.2% |
| AerCap AER | United States | $26.2B | +13% | 0% | 17% | 1.38× | 12.4% | 17.0% |
| Shriram Finance SHRIRAMFIN.NS | India | $23.9B | -5% | +10% | 15% | 2.03× | 27.6% | 14.7% |
| Affirm AFRM | United States | $23.1B | +6% | +32% | 45% | 4.19× | 73.6% | 45.1% |
| Synchrony Financial SYF | United States | $23.0B | +1% | -2% | 20% | 1.55× | 16.7% | 19.8% |
| SOFI SOFI | United States | $21.0B | +3% | +38% | 7% | 1.86× | 27.5% | 7.4% |
| Orix 8591.T | Japan | $35.7B | +2% | +17% | 14% | 1.26× | 12.4% | 13.9% |
| Kaspi.kz Joint Stock Company Sponsored ADR RegS KSPI | United States | $17.7B | +7% | +39% | 45% | 3.15× | 13.6% | 45.4% |
| Cholamandalam Investment and Finance CHOLAFIN.NS | India | $16.2B | +6% | +21% | 21% | 4.43× | 67.7% | 20.6% |
| Tata Capital TATACAP.NS | India | $16.0B | +10% | +18% | 14% | 3.08× | 41.2% | 14.0% |
| Rocket Companies RKT | United States | $42.7B | -4% | +88% | 8% | 1.76× | 26.3% | 7.9% |
| One 97 Communications PAYTM.NS | India | $12.2B | +50% | +24% | 5% | 6.92× | 47.0% | 5.4% |
| Muthoot Finance MUTHOOTFIN.NS | India | $12.2B | -20% | +47% | 32% | 2.62× | 32.0% | 31.8% |
| Mitsubishi HC Capital 8593.T | Japan | $11.9B | -9% | +1% | 7% | 0.93× | 5.9% | 7.2% |
| Power Finance PFC.NS | India | $11.5B | -28% | +4% | 21% | 0.76× | 14.4% | n/a |
| Ally Financial ALLY | United States | $11.5B | -14% | +5% | 10% | 0.88× | 9.8% | 9.9% |
| Indian Railway Finance IRFC.NS | India | $11.1B | -25% | +13% | 13% | 1.74× | 28.2% | 12.6% |
| Bajaj Finance BAJFINANCE.NS | India | $71.6B | +12% | +19% | 19% | 5.50× | 77.1% | 19.2% |
| Ayvens AYV.PA | France | $8.45B | -16% | 0% | 9% | 0.68× | 8.0% | 9.2% |
| REC RECLTD.NS | India | $8.27B | -18% | -3% | 17% | 0.83× | 15.1% | 17.0% |
| FirstCash FCFS | United States | $7.96B | -18% | +23% | 18% | 3.50× | 19.9% | 18.2% |
Global Payments has 17 bonds outstanding with $17.1B face value. The agencies rate it BBB-; its bonds trade like BBB-. Weighted yield 5.84%, a spread of 127 bp over government bonds.
Global Payments reported $860M of remaining performance obligations at 30 Sep 2026, up 17% from a year earlier and down 5% from the previous quarter. That is 0.1 years of trailing revenue already under contract. Book-to-bill last quarter: 0.99.