olivLaw · US equity research
Global Payments, Inc. GPN
Services-Business Services, NEC · SIC 7389 · Vertical: Services-Business Services, NEC (SIC 7389)
Global Payments (GPN) is a payments technology company that, after acquiring Worldpay in January 2026 and divesting Issuer Solutions, now operates as a commerce solutions provider organized in three segments. In the second quarter of 2026 GAAP revenue was 3.32 billion USD, while normalized adjusted net revenue grew 4%. The company reaffirmed its capital return plan, though integrating Worldpay could weigh on margins in the near term.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Global Payments, Inc. (GPN) stock was 96.09 USD (−1.95% on the day), with market capitalisation 25.4 bn USD, dividend yield 1.04%, beta 1.15, 52-week range 62.47–99.63 USD. Latest reported quarter (Q2 2026): revenue of 3.3 bn USD (+68.6% YoY), net income of 13.0 m USD (−94.6% YoY), diluted EPS 0.05 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 66.0
- strong (55–70)
- Bollinger (20, 2)
- 74.25 – 97.99
- in the upper half of the band · %B 0.92 · band width 27.6%
- SMA 50 / 200
- 86.54 / 77.28
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 2.89 / 1.04
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +16.9% | −1.1% | +18.0 pp | — |
| 3 months | +9.8% | −0.5% | +10.3 pp | — |
| 6 months | +38.0% | +4.4% | +33.6 pp | — |
| Year to date | +24.1% | +12.3% | +11.8 pp | — |
| 1 year | +20.2% | +13.5% | +6.6 pp | −3.2% |
| 3 years | −15.5% | +76.4% | −91.9 pp | +7.4% |
| 5 years | −29.7% | +63.7% | −93.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2.0 bn | 1.9 bn | 1.8 bn | 2.0 bn | 2.0 bn | 1.9 bn | 3.0 bn | 3.3 bn |
| Cost of revenue | 504.6 m | 525.4 m | 495.2 m | 501.8 m | 556.7 m | 569.0 m | 1.3 bn | 1.3 bn |
| SG&A | 1.1 bn | 984.2 m | 957.2 m | 1.0 bn | 1.0 bn | 1.1 bn | 1.7 bn | 1.7 bn |
| Operating income | 442.7 m | 696.8 m | 372.0 m | 393.3 m | 778.0 m | 169.3 m | -15.6 m | 337.1 m |
| Depreciation & amortisation | 310.4 m | 304.9 m | 292.6 m | 296.5 m | 303.2 m | 341.1 m | 864.8 m | 884.1 m |
| Interest expense | 146.8 m | 152.9 m | 144.8 m | 151.4 m | 141.7 m | 196.2 m | 239.2 m | 261.1 m |
| Pre-tax income | 348.0 m | 580.7 m | 261.5 m | 276.3 m | 655.7 m | 24.0 m | -224.5 m | 104.3 m |
| Income tax | 59.9 m | 110.3 m | 43.8 m | 40.9 m | 199.3 m | -111.0 m | -11.8 m | -4.9 m |
| Net income | 315.1 m | 567.2 m | 305.7 m | 241.6 m | 635.2 m | 217.5 m | -1.8 bn | 13.0 m |
| Diluted EPS | 1.24 | 2.25 ≈ | 1.24 | 0.99 | 2.64 | 0.92 ≈ | -6.59 | 0.05 |
| Operating cash flow | 835.7 m ≈ | 883.4 m | 555.1 m | 817.5 m ≈ | 768.7 m ≈ | 515.2 m | -288.8 m | 662.6 m ≈ |
| Capex | 166.3 m ≈ | 184.0 m | 127.6 m | 152.2 m ≈ | 169.8 m ≈ | 168.2 m | 261.3 m | 235.7 m ≈ |
| Dividends paid | 63.4 m ≈ | 62.3 m | 61.1 m | 60.4 m ≈ | 58.0 m ≈ | 59.1 m | 68.2 m | 66.5 m ≈ |
| Share repurchases | 0 ≈ | 651.9 m | 446.3 m | 244.8 m ≈ | 500.0 m ≈ | -69.0 k | 549.9 m | 550.0 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.4 bn | 4.9 bn | 7.4 bn | 8.5 bn | 9.0 bn | 7.4 bn | 7.7 bn | 7.7 bn |
| Revenue YoY | −15.3% | +45.9% | +51.1% | +14.8% | +5.3% | −17.8% | +4.8% | −0.4% |
| Net income | 452.1 m | 430.6 m | 584.5 m | 965.5 m | 111.5 m | 986.2 m | 1.6 bn | 1.4 bn |
| Net income YoY | −3.5% | −4.7% | +35.7% | +65.2% | −88.5% | +784.6% | +59.2% | −10.8% |
| Diluted EPS | 2.84 | 2.16 | 1.95 | 3.29 | 0.40 | 3.77 | 6.16 | 5.78 |
| Diluted EPS YoY | −5.6% | −23.9% | −9.7% | +68.7% | −87.8% | +842.5% | +63.4% | −6.2% |
| net % | 13.4% | 8.8% | 7.9% | 11.3% | 1.2% | 13.4% | 20.3% | 18.2% |
| Free cash flow | 892.8 m | 1.1 bn | 1.9 bn | 2.3 bn | 1.6 bn | 1.9 bn | 2.4 bn | 2.0 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 8.3 bn USD
- Financial debt
- 23.5 bn USD
- Net debt
- 15.1 bn USD
- Equity
- 23.6 bn USD
- Total assets
- 53.3 bn USD
- Debt / equity
- 1.00x
- Current ratio
- 1.69x
- ROE
- 6.0%
- ROA
- 2.8%
- FCF margin
- 26.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 7.4 bn | 8.5 bn | 9.0 bn | 7.4 bn | 7.7 bn | 7.7 bn | SEC (XBRL)· 20 Feb 2026verified |
| Cost of revenue | 3.7 bn | 3.8 bn | 3.8 bn | 2.1 bn | 2.0 bn | 2.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Gross profit | 3.8 bn ≈ | 4.8 bn ≈ | 5.2 bn ≈ | 5.3 bn ≈ | 5.7 bn ≈ | 5.6 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| SG&A | 2.9 bn | 3.4 bn | 3.5 bn | 3.9 bn | 4.0 bn | 4.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Operating income | 894.0 m | 1.4 bn | 640.2 m | 1.3 bn | 2.0 bn | 1.8 bn | SEC (XBRL)· 20 Feb 2026verified |
| Depreciation & amortisation | 1.6 bn | 1.7 bn | 1.7 bn | 1.1 bn | 1.2 bn | 1.2 bn | SEC (XBRL)· 20 Feb 2026verified |
| EBITDA | 2.5 bn ≈ | 3.1 bn ≈ | 2.3 bn ≈ | 2.5 bn ≈ | 3.2 bn ≈ | 3.0 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Interest expense | 326.8 m | 328.0 m | 437.0 m | 627.6 m | 608.4 m | 633.5 m | SEC (XBRL)· 20 Feb 2026verified |
| Pre-tax income | 594.0 m | 1.0 bn | 224.3 m | 781.7 m | 1.5 bn | 1.3 bn | SEC (XBRL)· 20 Feb 2026verified |
| Income tax | 77.2 m | 169.0 m | 166.7 m | 186.5 m | 241.5 m | 251.6 m | SEC (XBRL)· 20 Feb 2026verified |
| Net income | 584.5 m | 965.5 m | 111.5 m | 986.2 m | 1.6 bn | 1.4 bn | SEC (XBRL)· 20 Feb 2026verified |
| Diluted EPS | 1.95 | 3.29 | 0.40 | 3.77 | 6.16 | 5.78 | SEC (XBRL)· 20 Feb 2026verified |
| Weighted average diluted shares | 300.5 m | 293.7 m | 275.6 m | 261.7 m | 254.8 m | 242.0 m | SEC (XBRL)· 20 Feb 2026verified |
| Dividend per share | 0.78 | 0.89 | 1.00 | 1.00 | 1.00 | 1.00 | SEC (XBRL)· 20 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 1.9 bn | 2.0 bn | 2.0 bn | 2.1 bn | 2.4 bn | 8.3 bn | SEC (XBRL)· 20 Feb 2026verified |
| Receivables | 794.2 m | 946.2 m | 998.3 m | 1.1 bn | 787.7 m | 784.2 m | SEC (XBRL)· 20 Feb 2026verified |
| Current assets | 4.6 bn | 4.7 bn | 6.3 bn | 8.1 bn | 6.0 bn | 12.6 bn | SEC (XBRL)· 20 Feb 2026verified |
| Property, plant & equipment, net | 1.6 bn | — | — | — | — | — | SEC (XBRL)· 19 Feb 2021verified |
| Goodwill | 23.9 bn | 24.8 bn | 23.3 bn | 26.7 bn | 17.0 bn | 17.1 bn | SEC (XBRL)· 20 Feb 2026verified |
| Intangibles (excl. goodwill) | 12.0 bn | 11.6 bn | 9.7 bn | 10.2 bn | 4.6 bn | 4.2 bn | SEC (XBRL)· 20 Feb 2026verified |
| Total assets | 44.2 bn | 45.3 bn | 44.8 bn | 50.6 bn | 46.9 bn | 53.3 bn | SEC (XBRL)· 20 Feb 2026verified |
| Accounts payable | 2.1 bn | 2.5 bn | 2.4 bn | 2.8 bn | 2.8 bn | 2.5 bn | SEC (XBRL)· 08 May 2026verified |
| Short-term debt | 827.4 m | 78.5 m | 1.2 bn | 620.6 m | 1.0 bn | 1.9 bn | SEC (XBRL)· 20 Feb 2026verified |
| Long-term debt | — | 11.4 bn | 13.5 bn | 16.4 bn | 16.3 bn | 21.6 bn | SEC (XBRL)· 20 Feb 2026verified |
| Current liabilities | 4.5 bn | 4.5 bn | 6.9 bn | 8.1 bn | 6.3 bn | 7.5 bn | SEC (XBRL)· 20 Feb 2026verified |
| Total liabilities | 16.7 bn | 19.4 bn | 22.3 bn | 26.8 bn | 23.9 bn | 29.6 bn | SEC (XBRL)· 20 Feb 2026verified |
| Equity | 27.5 bn | 25.9 bn | 22.5 bn | 23.3 bn | 22.9 bn | 23.6 bn | SEC (XBRL)· 20 Feb 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 2.3 bn | 2.8 bn | 2.2 bn | 2.5 bn | 3.1 bn | 2.7 bn | SEC (XBRL)· 20 Feb 2026verified |
| Capex | 436.2 m | 493.2 m | 615.7 m | 658.1 m | 674.9 m | 617.8 m | SEC (XBRL)· 20 Feb 2026verified |
| Free cash flow | 1.9 bn ≈ | 2.3 bn ≈ | 1.6 bn ≈ | 1.9 bn ≈ | 2.4 bn ≈ | 2.0 bn ≈ | SEC (XBRL)· 20 Feb 2026derived |
| Investing cash flow | -438.3 m | -2.3 bn | -675.5 m | -4.4 bn | -173.9 m | -230.3 m | SEC (XBRL)· 20 Feb 2026verified |
| Financing cash flow | -1.5 bn | -405.4 m | -1.4 bn | 1.8 bn | -2.3 bn | 3.7 bn | SEC (XBRL)· 20 Feb 2026verified |
| Dividends paid | 233.2 m | 259.7 m | 274.0 m | 260.4 m | 252.8 m | 238.5 m | SEC (XBRL)· 20 Feb 2026verified |
| Share repurchases | 631.1 m | 2.5 bn | 2.9 bn | 418.3 m | 1.6 bn | 1.2 bn | SEC (XBRL)· 20 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
1 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 38 / 100
A scoring methodology on indicators and valuation, not investment advice.
score < 40
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 25.4 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet0
- Growth50
- Quality9
- Returns100
- Valuation62
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 12.69 – 180.12 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- DCF (discounted cash flow)12.69 – 79.14 (Mid 35.68)WACC 7.3% · starting FCFF 1.6 bn USD · terminal value share of EV 79%The WACC × g sensitivity gives the method's bounds; these are not probabilities.Reverse DCF: starting growth implied by the price (fading linearly to terminal growth, everything else fixed): 15.0%
- Peers: EV/EBITDA149.22 – 180.12 (Mid 163.65)6 companies used · median multiple 16.7x · quartiles 15.7x – 17.9xBR, CPAY, EBAY, FICO, RBA, UBER
- Peers: P/Eunavailable · the base of the ratio is not positive
- Dividend discount (DDM)13.14 – 17.67 (Mid 15.07)
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Unattractive profile · Score 38/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROIC · Quality | 2.8% | 9 (vs peers) | 13% |
| Net margin · Quality | -9.1% | 8 (vs peers) | 8% |
| FCF conversion · Quality | unavailable | unavailable | — |
| Revenue CAGR 3Y · Growth | -5.0% | 0 (on a fixed band) | 10% |
| EPS CAGR 3Y · Growth | 143.6% | 100 (on a fixed band) | 10% |
| Net debt / EBITDA · Balance sheet | 4.9x | 0 (vs peers) | 13% |
| Interest coverage · Balance sheet | 1.5x | 0 (on a fixed band) | 8% |
| Current ratio · Balance sheet | 0.8x | 2 (on a fixed band) | 5% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| EV/EBITDA · Valuation | 11.9x | 80 (vs peers) | 13% |
| FCF yield · Valuation | 3.2% | 40 (on a fixed band) | 10% |
| Shareholder yield (distributions) · Returns | 7.3% | 100 (on a fixed band) | 8% |
| Payout ratio (FCF) · Returns | 30.6% | 100 (on a fixed band) | 5% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet0/100 · 3/3 factors with a value
- Growth50/100 · 2/2 factors with a value
- Quality9/100 · 2/3 factors with a value
- Returns100/100 · 2/2 factors with a value
- Valuation62/100 · 2/3 factors with a value
Memo
GLOBAL PAYMENTS INC. (GPN). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: revenue 7.7 bn USD in 2025; YoY growth -0.4%; net margin -9.1%; ROE -4.1%; net debt/EBITDA 4.9x.
The estimated value range is 13.14–79.14 USD per share (median of 3 methods, agreement: low); assumptions are illustrative. Against the central value of 35.68 USD, the price of 96.09 USD leaves a potential of -62.9% (value / price − 1) and a margin of safety of -169.3% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 38/100, methodological classification: unattractive profile (score, margin of safety and method agreement together; not a judgement of the right price). Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- EPS CAGR 3Y: 143.6%
- EV/EBITDA: 11.9x
- Shareholder yield (distributions): 7.3%
- Payout ratio (FCF): 30.6%
What contradicts it
- ROIC: 2.8%
- Net margin: -9.1%
- Revenue CAGR 3Y: -5.0%
- Net debt / EBITDA: 4.9x
- Interest coverage: 1.5x
- Current ratio: 0.8x
- The price is above the estimated value range
- The valuation methods diverge
Not assessed (insufficient data or a ratio without meaning): FCF conversion, P/E (TTM).
Versus the vertical median
Services-Business Services, NEC (SIC 7389) · same industry (4-digit SIC) · compared with 13 companies
Only companies with a capitalisation between 2.8 bn and 181.8 bn (within 8× of the company's); 86 of the vertical were left out.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| UBERUber Technologies, Inc. | 142.7 bn | 41.3 | 12.4% | 6.1% | +18.3% | −20% / +24% |
| MELIMercadoLibre, Inc. | 88.2 bn | 47.3 | 27.5% | 5.3% | +39.1% | −16% / +7% |
| EBAYeBay Inc. | 54.9 bn | 27.2 | 46.6% | 16.9% | +7.9% | +51% / +205% |
| PYPLPayPal Holdings, Inc. | 50.0 bn | 11.5 | 23.8% | 13.8% | +4.3% | −4% / +4% |
| MSCIMsci Inc. | 48.2 bn | 35.7 | — | 40.3% | +9.7% | +20% / +29% |
| FISVFiserv, Inc. | 33.0 bn | — | -17.0% | -18.9% | +3.6% | +1% / −52% |
| CPAYCorpay, Inc | 27.5 bn | 25.4 | 30.5% | 22.7% | +13.9% | +42% / +74% |
| GPNGlobal Payments Inc. | 25.4 bn | — | -4.1% | -9.1% | −0.4% | +20% / −16% |
| BRBroadridge Financial Solutions, Inc. | 21.4 bn | 20.9 | 40.2% | 13.9% | +8.5% | −17% / −2% |
| RBARB Global, Inc | 17.6 bn | 39.9 | 8.8% | 10.0% | +7.2% | −3% / +49% |
| FISFidelity National Information Services, Inc. | 15.3 bn | 4.4 | 23.0% | 26.8% | +5.4% | −55% / −49% |
| FICOFair Isaac Corp | 15.1 bn | 20.3 | — | 34.1% | +15.9% | −61% / −36% |
| ACNAccenture plc | — | 19.5 | 26.7% | 11.3% | +6.5% | +6% / −21% |
| MAMastercard Incorporated | — | 35.2 | 231.4% | 46.7% | +16.4% | +22% / +63% |
1- and 3-year price returns: for GPN from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (05 Nov 2026 · results).
In brief
Global Payments (GPN) is a payments technology company that, after acquiring Worldpay in January 2026 and divesting Issuer Solutions, now operates as a commerce solutions provider organized in three segments 12. In the second quarter of 2026 GAAP revenue was 3.32 billion USD, while normalized adjusted net revenue grew 4% 23. The company reaffirmed its capital return plan, though integrating Worldpay could weigh on margins in the near term 3.
SWOT
Strengths
- The company has extensive global scale and a direct distribution network considered among the best in the industry 1.
- Its software and point-of-sale portfolio, including the Genius platform, strengthens client relationships 3.
- Revenue is largely recurring, tied to transactions and software subscriptions 1.
Weaknesses
Opportunities
Risks
- Worldpay integrationhigh
Integrating an acquisition of this scale could delay expected synergies or disrupt service to clients 12.
- Cybersecurity threatshigh
Attacks on systems that process sensitive data could lead to financial losses and reputational damage 1.
- Dependence on card networksmedium
The relationship with Visa and Mastercard is essential; changes to registration conditions could affect operations 1.
- Indebtednessmedium
High debt, including notes issued to fund the Worldpay acquisition, could raise interest costs if credit ratings weaken 12.
- Currency and macroeconomic riskslow
Currency fluctuations and inflation could affect financial results, particularly outside the United States 2.
Investment thesis
What would need to be true (bull case)
- If the Worldpay integration proceeds as planned, cost synergies could support margin expansion and earnings growth in the coming years 23.
- Global scale and an extensive distribution network could let the company benefit from digital payment growth in new sectors 1.
- The shareholder capital return program could continue if cash flows remain solid 3.
What would break the thesis
- If the Worldpay integration runs into difficulties, expected synergies could be delayed and costs could stay elevated 2.
- Higher debt and heavy amortization could limit flexibility and reduce reported margins 12.
- Competitive pressure and macroeconomic uncertainty could reduce transaction volumes and revenue 13.
What to watch
- Progress on Worldpay synergies and updates on integration costsQ3 2026
- Evolution of the adjusted EPS and normalized growth outlook2026
- Delivery of the more than 650 million USD transformation benefit targetfirst half 2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 05 Aug 2026; since then the company filed 8-K (05 Nov 2026 · results).
The business
Global Payments operates in card transaction processing, merchant acceptance solutions and business management software, with presence in North America, Europe, Asia-Pacific and Latin America 1. Revenue in fiscal 2025 was essentially flat at 7,705.9 million USD, despite the dispositions of AdvancedMD and Payroll Solutions 1. The Worldpay acquisition closed in January 2026, and quarterly revenue rose sharply mainly because of it 2.
The company says it is focusing resources on areas with the best growth opportunities, and its transformation program could deliver more than 650 million USD of annual run-rate operating income benefit by the first half of 2027 12. For Worldpay integration, management targets 600 million USD of expense synergies by year-end 2028 2. Integration costs and amortization of acquired intangibles reduced consolidated operating margin in the first half of 2026 2.
Strategically, the company is pursuing cloud-based POS and software, embedded payments and leveraging its global distribution channels 1. Revenue comes mainly from services priced as a percentage of transaction value or a fixed fee per transaction, plus software subscriptions 1.
Segments
Enterprise
The Enterprise segment, realigned in the second quarter of 2026, serves large and multinational clients with card-present and card-not-present acceptance and AI-driven commerce platforms 2. Its revenue growth came mainly from the Worldpay acquisition 2.
Market context
The payments industry keeps growing on wider card acceptance, migration to ecommerce and contactless payments 1. The company operates in more than 175 countries, giving it considerable global scale 3.
The market is becoming more competitive and specialized as sectors such as education, government and healthcare shift to digital payments 1. Competition is intense, and some rivals have greater financial resources 1.
Trends
- Digital payment adoptiontailwind
Migration of payments to digital solutions in education, government, healthcare and B2B could support processed volume growth 1.
- Artificial intelligence in paymentsmixed
Use of AI in payment platforms could improve operating efficiency, but it could also create new attack surfaces and regulatory risks 13.
- Geopolitical and trade tensionsheadwind
The conflict in the Middle East has affected the company's travel portfolio, and tariffs and trade tensions could reduce consumer spending 23.
- Consolidation in paymentsmixed
Acquisitions and alliances could increase the scale of large players, though complex integrations could bring temporary costs 1.
Competitive position
The company operates in a highly competitive industry where some rivals have larger financial and operational resources, which could give them advantages in pricing and developing new technologies 1. Competitive pressure also shows up in merchant and referral partner attrition 1.
The Worldpay integration broadens the company's competitive position, but combining distribution channels and products takes time 23. Long-term success could depend on retaining clients during integration 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Deal or no deal: Handicapping an LBO at Global PaymentsCNBC — Top News · 04 Nov 2026 · EN
- How Is Global Payments' Stock Performance Compared to Other Industrial Stocks?Yahoo Finance — News · 15 Sept 2026 · EN
- Visa, Mastercard process first global payments in SyriaYahoo Finance — News · 31 Aug 2026 · EN
The latest news item in our archive is from 04 Nov 2026; the newest SEC filing is from 05 Nov 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Current report05 Nov 2026Results of operations · Financial statements and exhibits
- Current report03 Nov 2026Amendments to articles or bylaws · Financial statements and exhibits
- Quarterly report05 Aug 2026
- Current report05 Aug 2026Results of operations · Financial statements and exhibits
- Quarterly report08 May 2026
- Current report07 May 2026Other events
- Current report06 May 2026Results of operations · Financial statements and exhibits
- Current report04 May 2026Shareholder vote
- Proxy statement17 Mar 2026
- Current report12 Mar 2026Material agreement · Creation of a direct financial obligation · Other events · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / Global Payments, Inc. · 20 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / Global Payments, Inc. · 05 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / Global Payments, Inc. · 05 Aug 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.