# Global Payments Inc. (GPN)

> Source: Nexqual · https://nexqual.com/GPN · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Global Payments Inc. (GPN), nexqual.com/GPN" · informational, not investment advice.

**Price:** USD 85.88 (+2.81% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 83.53 · day 83.49–85.98 · 52w 61.16–95.88 · market cap $22.7B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $10.2B, net income -$934M (-9.1% margin), free cash flow $823M (SEC filings).
- 4 of 80 tracked superinvestors hold GPN (13F, Q2 2026): 1 new, 3 added, 0 reduced, 0 unchanged.
- Total return with dividends: 1Y -0.6% vs S&P 500 +14.9%; 5Y -42.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD 3.58, revenue estimate $3.18B.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $8.52B | $8.98B | $7.38B | $7.74B | $7.71B | $10.2B |
| Gross profit | $4.75B | $5.20B | $5.31B | $5.70B | $5.59B | — |
| Operating income | $1.36B | $640M | $1.32B | $1.97B | $1.75B | $1.27B |
| Net income | $965M | $111M | $986M | $1.57B | $1.40B | -$934M |
| EPS (diluted) | $3.29 | $0.40 | $3.77 | $6.16 | $5.78 | — |
| Free cash flow | $2.29B | $1.63B | $1.89B | $2.38B | $2.04B | $823M |
| Gross margin | 55.7% | 57.9% | 72.0% | 73.7% | 72.6% | — |
| Operating margin | 15.9% | 7.1% | 17.8% | 25.5% | 22.8% | 12.4% |
| Net margin | 11.3% | 1.2% | 13.4% | 20.3% | 18.2% | -9.1% |
| Revenue growth | +14.8% | +5.3% | -17.8% | +4.8% | -0.4% | — |
| Cash + short-term investments | $1.98B | $2.00B | $2.09B | $2.36B | $8.34B | — |
| Total debt | $11.4B | $13.5B | $16.4B | $16.3B | $21.6B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 2.2x · EV/EBITDA 10.9x · EV/Sales 3.9x · P/FCF 27.6x · P/B 1.0x · FCF yield 3.62% · Earnings yield -4.11% · Dividend yield (paid, TTM) 1.11% · Buyback yield (TTM) 7.04% · Net debt $17.1B · EV $39.8B
P/E at fiscal year-ends: Dec 2025 13.4x, Dec 2024 18.2x, Dec 2023 33.7x.

## Superinvestors (SEC 13F-HR, Q2 2026)
4 of 80 tracked investors hold GPN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | 2.49% | $848M | Added +0.7% |
| Samantha McLemore | Patient Capital Management | 2.27% | $68.4M | New position |
| Wallace Weitz | Weitz Investment Management | 1.76% | $25.4M | Added +4.5% |
| Bill Nygren | Oakmark Funds | 1.25% | $937M | Added +8.9% |

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Keybanc | Upgrade | Sector Weight → Overweight | $105 |
| 2026-10-08 | Oppenheimer | Upgrade | Perform → Outperform | $115 |
| 2026-09-25 | Loop Capital | Initiated | Buy | $137 |
| 2026-09-11 | Piper Sandler | Initiated | Neutral | $101 |
| 2026-08-31 | RBC Capital | Target raised | Sector Perform | $102 → $106 |
| 2026-08-26 | TD Cowen | Target raised | Hold | $90 → $95 |
| 2026-08-25 | Wolfe Research | Target raised | Outperform | $110 → $125 |
| 2026-08-25 | Truist Securities | Target raised | Hold | $79 → $95 |
| 2026-08-19 | RBC Capital | Target raised | Sector Perform | $96 → $102 |
| 2026-08-06 | TD Cowen | Target raised | Hold | $74 → $90 |
| 2026-08-06 | UBS | Target raised | Neutral | $80 → $91 |
| 2026-08-06 | RBC Capital | Target raised | Sector Perform | $82 → $96 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -0.6% | -42.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -0.6% | -10.6% |
| Volatility (annualized) | 40.0% | 37.4% |
| Max drawdown | -28.1% (Oct 2025→Jun 2026) | -57.7% (Oct 2021→Mar 2026) |

## Peers (Specialty Business Services)
CPRT (Copart, Inc.) USD 29.09 +5.44% · RBA (RB Global, Inc.) USD 84.39 +2.91% · ULS (UL Solutions Inc.) USD 73.63 -0.88% · ARMK (Aramark) USD 52.52 -5.73% · RTO (Rentokil Initial plc) USD 22.88 +8.75% · TRI (Thomson Reuters Corp) USD 123.26 +6.94%

## More
Full page: https://nexqual.com/GPN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)


Other companies that name GPN in their own reports (relationship from GPN's side):

| Relationship | Company | Their filing | Sentence |
|---|---|---|---|
| customer | Repay Holdings Corp (RPAY) | 10-K 2026-03-09 | "When we facilitate a transaction as a merchant acquirer, we utilize third party processors primarily for authorization such as Global Payments, Inc. Under such processing arrangements, the third-party…" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $3.58 | $3.66 | -2.2% | $3.18B | 32 |
| Next quarter (ends 2026-12-31) | $3.66 | $3.75 | -2.3% | $3.16B | 29 |
| Current fiscal year (ends 2026-12-31) | $13.64 | $13.81 | -1.2% | $12.36B | 37 |
| Next fiscal year (ends 2027-12-31) | $16.10 | $16.15 | -0.3% | $13.00B | 37 |