GPNNYSEServices-Business Services, NECFiscal year ends December 31
GLOBAL PAYMENTS INC
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$84.59+0.92 (+1.10%)
Close on Oct 19, 2026
- Market cap
- $22.85B
- P/E (TTM)
- –
- Dividend yield
- 1.18%
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
72.6%+21.8 pts over 5 years
Operating margin
22.8%+10.7 pts over 5 years
Net margin
18.2%+10.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | -0.4% | -5.0% | +0.7% | +10.8% | |
| Gross profit | -1.9% | +2.5% | +8.2% | +12.3% | |
| Operating income | -11.1% | +39.9% | +14.4% | +14.4% | |
| Net income | -10.8% | +132.4% | +19.1% | +17.5% | |
| EPS, diluted | -6.2% | +143.6% | +24.3% | +10.9% | |
| Free cash flow | -14.4% | +7.8% | +1.7% | +19.7% | |
| Dividend per share | 0.0% | 0.0% | +5.1% | +38.0% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2015 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 31.7% | 2.1% | 6.2% | |
| Return on assets | 5.7% | 1.3% | 2.8% | |
| Current ratio | 1.09 | 1.01 | 1.69 | |
| Debt to equity | 2.30 | 0.34 | 0.94 | |
| Net debt to EBITDA | 1.83× | 2.87× | 4.40× | |
| Interest coverage | 11.4× | 2.7× | 2.8× | |
| Capex to revenue | 3.3% | 5.9% | 8.0% | |
| Diluted shares | 135M | 301M | 242M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Global Payments generated $13.29B from operations and spent $12.96B on capital expenditure, dividends and share buybacks. 24% of that went back into the business.
Generated
$13.29B
Used
$12.96B
Capital expenditure$3.06B24%Dividends$1.29B10%Share buybacks$8.62B66%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin18.2%
×Asset turnover0.15×
×Equity multiplier2.22×
=Return on equity, FY20256.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 18.2% | 0.15× | 2.22× | 6.2% |
| FY2024 | 20.3% | 0.16× | 2.15× | 6.9% |
| FY2023 | 13.4% | 0.15× | 2.11× | 4.4% |
| FY2022 | 1.2% | 0.20× | 1.88× | 0.5% |
| FY2021 | 11.3% | 0.19× | 1.69× | 3.6% |
| FY2020 | 7.9% | 0.17× | 1.61× | 2.1% |
| FY2019 | 8.8% | 0.17× | 1.81× | 2.7% |
| FY2016 | 9.4% | 0.36× | 4.65× | 15.5% |
| FY2015 | 10.0% | 0.57× | 5.58× | 31.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.40B
- Cash generatingOperating cash flow above zero$2.66B
- Return on assets improvedROA up on the prior year3.1% → 3.0%
- Earnings backed by cashOperating cash flow above net income$2.66B vs $1.40B
- Less leverageLong-term debt to assets fell32.2% → 36.6%
- Better liquidityCurrent ratio rose0.96 → 1.69
- No dilutionShare count did not rise255M → 242M
- Gross margin improvedGross margin up on the prior year73.71% → 72.57%
- More efficientAsset turnover rose0.15 → 0.16