GPN
GLOBAL PAYMENTS INC
Technology • CIK: 0001123360
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Market Cap
$20.38B
P/E (TTM)
11.7x
Rev Growth (TTM)
+21.0%
Net Margin (TTM)
16.4%
FCF Yield (TTM)
14.1%
FCF Margin (TTM)
26.8%
Cash Flow Health
Free Cash Flow8/8 positive
TTM$2.9B
Q3 '25
$599M-10%
Q2 '25
$665M+56%
FCF Margin
TTM26.8%
Q3 '2529.8%-12%
Sector: 14.5%Top 25%
OCF Margin32.8%
OCF/NI2.00x
CapEx Coverage5.5x
FCF Yield14.1%
FCF Growth (2Y)+19%
Cash Conversion Cycle
35 days
DSO: 35+DIO: 0−DPO: 0
Capital Allocation & Returns
Shareholder Friendly
Total Shareholder YieldTTM
TTM10.2%
Div Yield1.2%
+Buyback (TTM)9.0%
Strong capital returns to shareholders
Dividend & Payout Metrics
Dividend Yield (TTM)1.2%
FCF Payout Ratio8.6%
Free Cash Flow (TTM)$2.9B
Stock Repurchases (TTM)$1.8B
Capital Return / FCF72.7%
Est. Dividends Paid (TTM)$245.3M
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
5.6%
Stable
+0.3% YoY+0.4%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
19.4%
8Q: 19.1%
Asset Turnover
0.22x
8Q: 0.18x
Leverage (1+D/E)
1.59x
D/E: 0.59x
DuPont: 6.9% ≈ 5.6% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
5.39x
8Q:4.29x
+104.3%
Invested Cap Turn
0.34x
8Q:0.25x
+11.1%
CapEx Intensity
2.0%
8Q:1.8%
CapEx/Depreciation
0.32x
Asset-based ROIC formula
QUARTERLY TRENDS
Last 8 quarters + TTM
| Metric | TTM | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 |
|---|---|---|---|---|---|---|---|---|---|
Revenue | $10.7B | $2.0B↑2.6% | $2.0B↓18.9% | $2.4B↓43.9% | $4.3B↑115.4% | $2.0B↑1.4% | $2.0B↓18.6% | $2.4B↓0.6% | $2.4B |
Operating Income | $2.7B | $778.0M↑82.1% | $427.2M↓9.3% | $470.9M↓55.4% | $1.1B↑138.5% | $442.7M↓6.9% | $475.4M↑5.1% | $452.3M↓9.3% | $498.7M |
Net Income | $1.7B | $635.2M↑162.9% | $241.6M↓21.0% | $305.7M↓46.1% | $567.2M↑80.0% | $315.1M↓15.9% | $374.8M↑19.6% | $313.3M↓13.3% | $361.3M |
Operating Cash Flow | $3.5B | $768.7M↓6.0% | $817.5M↑47.3% | $555.1M↓59.1% | $1.4B↑62.6% | $835.7M↑3.3% | $808.8M↑52.7% | $529.6M↓19.4% | $657.5M |
Free Cash Flow | $2.9B | $598.9M↓10.0% | $665.4M↑55.6% | $427.5M↓63.6% | $1.2B↑75.4% | $669.5M↑6.3% | $629.6M↑63.9% | $384.1M↓23.2% | $500.1M |
Total Equity | N/A |
Valuation Analysis
Fair Value
Price-to-EarningsTTM
11.7x
Volatile
8Q: 79.9x-4679%
Valuation Lenses
Earnings
11.7x
vs – sector
Cash Flow
12.3x
EV/FCF vs –
Growth-Adj
0.3xPEG
Undervalued for growth
Quality-Adj
2.1P/E per %ROIC
ROIC: 5.6%
Shareholder Returns
Dividend
1.2%
Buyback
9.0%
Total Yield
10.2%
Market Cap$20.38B
EV–
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
70/100
High Quality
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Below Avg
7.8%
8Q:–
Return on Invested Capital (ROIC)Top 25%
5.6%
8Q:–
Flat
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 19.4%
Asset Turnover: 0.22x
Earnings Quality
Cash Conversion
2.00x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin60.4%
Capital Efficiency
Invested Capital Turnover0.34x
Working Capital
Cash Conversion Cycle35 days
Growth Quality & Momentum
Quality Growth
Growth Quality Score
80/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
21.0%
OpInc Growth YoY
75.7%
EPS Growth YoY
33.9%
FCF 3Y CAGR
19.4%
Growth Quality Analysis
✓Sustainability Index: 7.5/10 - Highly sustainable growth
Margin Quality & Sustainability
Low Quality
Profitability Cascade
Gross
60.4%
Operating
25.6%
Top 25% in sector
Net
16.4%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
+10.5 pts
FCF: 26.8% | Net: 16.4%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Adequate
Net Debt / EBITDA
–Net Debt: $10.29B
Interest Coverage
–
Leverage Metrics
Debt-to-Equity
0.59x
Balance sheet risk & solvency analysis