Global Payments Inc.GPN
NYSE•Industrials•Specialty Business Services
Global Payments Inc. provides payment technology and software solutions for card, check, and digital-based payments in the Americas, Europe, and the Asia-Pacific. It offers authorization, settlement and funding, customer support, chargeback resolution, reconciliation and dispute management, terminal rental, sales and deployment, payment security, and consolidated billing and reporting services. The company also provides an array of enterprise software solutions that streamline business operations of its customers in various vertical markets; and value-added solutions and services, such as point-of-sale software, analytics and customer engagement, payroll and reporting, and human capital management. It markets its products and services through direct sales force, trade associations, agent and enterprise software providers, referral arrangements with value-added resellers, independent sales organizations, payment facilitators, and financial institutions. The company was founded in 1967 and is headquartered in Atlanta, Georgia.
Global Payments Inc. (GPN) reported trailing twelve months revenue of $8.26B as of March 2026, a 18.2% decline year-over-year. Quarterly revenue reached $2.97B, reflecting a contraction in sales.
Global Payments Inc. reported a TTM net loss of $705.50M, with quarterly EBITDA of $849.11M. The operating margin contracted from 19.5% to -0.5%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (-0.5%) and net margin (-60.6%) indicates significant non-operating expenses or interest burden. Net margin has narrowed from 12.7% a year ago, reflecting increased costs or interest expense.
GPN trades at a P/S of 2.2x. The price-to-book ratio of 0.8x suggests the stock trades below its book value.
The company reported negative free cash flow of $-550.16M, indicating cash consumption over the period. The balance sheet shows $64.25B in total assets with $22.70B in long-term debt against $23.79B in stockholders equity for a debt-to-equity ratio of 1.0. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 19.9%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
7 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 29.2% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 1.8x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 30.4% recently — increasing financial risk even if the current ratio is manageable.
TTM revenue has contracted 14.4% — significant decline indicating deteriorating demand.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 7.3% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation