Global Payments Inc. (GPN) Key Metrics
GPN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $22.14B
- Enterprise value
- $40.58B
- P/E (TTM)
- 39.3 10-yr median 38.7
- Forward P/E
- 5.3
- PEG ratio
- 0.21
- Price / sales
- 2.2 10-yr median 3.7
- Price / book
- 1.0 10-yr median 1.5
- EV / EBITDA
- 10.5 10-yr median 16.4
- Dividend yield
- 1.20% $1.00 a year
- Beta
- 0.81
GPN key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsGPN valuation Price multiples at each fiscal year-end price.
GPN returns How much profit the business earns on the capital it uses.
GPN per-share figures Results divided by the shares outstanding at year-end.
GPN financial health Debt, liquidity and how easily interest is covered.
GPN efficiency & capital use Working capital cycle and where the cash goes.
GPN valuation history
GPN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
GPN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
GPN cash returned to shareholders
GPN price vs earnings per share
GPN key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $18.59B | $28.56B | $33.24B | $27.37B | $39.70B | $64.74B | $36.35B | $16.43B | $15.59B | $10.20B |
| Enterprise value | $32.12B | $42.83B | $48.52B | $39.66B | $49.80B | $72.55B | $44.35B | $21.05B | $19.55B | $13.87B |
| P/E ratio | 13.3 | 18.2 | 33.7 | 245.5 | 41.1 | 110.8 | 84.4 | 36.3 | 33.3 | 50.6 |
| Price / sales | 2.4 | 2.8 | 3.4 | 3.0 | 4.7 | 8.7 | 7.4 | 4.9 | 3.9 | 3.0 |
| Price / book | 0.8 | 1.3 | 1.4 | 1.2 | 1.5 | 2.4 | 1.3 | 4.1 | 4.1 | 3.9 |
| Price / free cash flow | 9.1 | 10.0 | 20.9 | 16.8 | 17.4 | 34.5 | 33.6 | 18.4 | 47.2 | 19.6 |
| Price / operating cash flow | 7.0 | 8.1 | 14.8 | 12.2 | 14.3 | 28.0 | 26.1 | 14.9 | 30.4 | 15.5 |
| EV / sales | 4.2 | 4.2 | 5.0 | 4.4 | 5.8 | 9.8 | 9.0 | 6.3 | 4.9 | 4.1 |
| EV / EBITDA | 9.3 | 9.5 | 13.0 | 16.3 | 15.4 | 26.9 | 25.1 | 16.4 | 19.3 | 18.5 |
| EV / free cash flow | 15.8 | 15.0 | 30.5 | 24.4 | 21.8 | 38.6 | 40.9 | 23.6 | 59.2 | 26.7 |
| Earnings yield | 7.5% | 5.5% | 3.0% | 0.4% | 2.4% | 0.9% | 1.2% | 2.8% | 3.0% | 2.0% |
| Free cash flow yield | 11.0% | 10.0% | 4.8% | 5.9% | 5.8% | 2.9% | 3.0% | 5.4% | 2.1% | 5.1% |
| Dividend yield | 1.3% | 0.9% | 0.8% | 1.0% | 0.7% | 0.4% | 0.2% | 0.0% | 0.0% | 0.1% |
| Shareholder yield (dividends + buybacks) | 7.9% | 6.5% | 2.2% | 11.7% | 7.0% | 1.3% | 1.1% | 1.3% | 0.3% | 2.5% |
| Share price at fiscal year-end | $77.40 | $112.06 | $127.00 | $99.32 | $135.18 | $215.42 | $182.56 | $103.13 | $100.24 | $69.41 |
| Per share | ||||||||||
| Revenue per share | $32.08 | $39.66 | $36.89 | $32.57 | $29.03 | $24.70 | $24.67 | $21.14 | $25.56 | $22.94 |
| Earnings per share | $5.83 | $6.16 | $3.77 | $0.40 | $3.29 | $1.95 | $2.16 | $2.84 | $3.01 | $1.37 |
| Operating cash flow per share | $11.06 | $13.86 | $8.59 | $8.14 | $9.47 | $7.70 | $6.99 | $6.94 | $3.29 | $4.48 |
| Free cash flow per share | $8.49 | $11.21 | $6.08 | $5.91 | $7.79 | $6.25 | $5.44 | $5.61 | $2.12 | $3.54 |
| Cash per share | $34.71 | $9.96 | $7.98 | $7.25 | $6.74 | $6.48 | $8.43 | $7.60 | $8.59 | $7.91 |
| Book value per share | $95.30 | $87.43 | $87.88 | $80.93 | $87.27 | $90.95 | $139.88 | $25.06 | $24.40 | $17.90 |
| Tangible book value per share | $6.58 | −$50.77 | −$53.16 | −$38.74 | −$36.84 | −$28.47 | −$45.49 | −$30.38 | −$26.31 | −$29.01 |
| Dividends per share | $0.99 | $0.99 | $1.00 | $0.99 | $0.88 | $0.78 | $0.44 | $0.04 | $0.04 | $0.04 |
| Capex per share | $2.57 | $2.65 | $2.51 | $2.23 | $1.68 | $1.45 | $1.55 | $1.34 | $1.17 | $0.95 |
| Debt per share | $91.04 | $65.98 | $66.40 | $51.84 | $41.14 | $32.46 | $48.60 | $36.61 | $34.04 | $32.88 |
| Shares outstanding | 240.2M | 254.8M | 261.7M | 275.6M | 293.7M | 300.5M | 199.1M | 159.3M | 155.5M | 146.9M |
| Change in shares outstanding | −5.8% | −2.6% | −5.0% | −6.2% | −2.3% | +50.9% | +25.0% | +2.4% | +5.8% | +8.9% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 6.2% | 6.9% | 4.4% | 0.5% | 3.6% | 2.1% | 2.7% | 11.6% | 14.6% | 11.5% |
| Return on invested capital (ROIC) | 3.3% | 5.2% | 5.0% | 2.8% | 4.2% | 3.0% | 4.2% | 8.4% | 8.1% | 5.3% |
| Return on assets (ROA) | 2.8% | 3.2% | 2.1% | 0.2% | 2.2% | 1.3% | 1.5% | 3.4% | 4.0% | 2.5% |
| Return on tangible assets | 4.4% | 13.5% | 7.2% | 0.9% | 10.9% | 7.0% | 5.7% | 10.3% | 9.2% | 5.3% |
| Free cash flow margin | 26.5% | 28.3% | 16.5% | 18.1% | 26.8% | 25.3% | 22.1% | 26.5% | 8.3% | 15.4% |
| Income quality (OCF / net income) | 1.90 | 2.25 | 2.28 | 20.13 | 2.88 | 3.96 | 3.23 | 2.45 | 1.09 | 3.26 |
| Financial health | ||||||||||
| Total debt | $21.87B | $16.82B | $17.38B | $14.29B | $12.08B | $9.76B | $9.68B | $5.83B | $5.29B | $4.83B |
| Cash & short-term investments | $8.34B | $2.54B | $2.09B | $2.00B | $1.98B | $1.95B | $1.68B | $1.21B | $1.34B | $1.16B |
| Net debt | $13.53B | $14.28B | $15.29B | $12.29B | $10.10B | $7.81B | $8.00B | $4.62B | $3.96B | $3.67B |
| Debt / equity | 0.96 | 0.75 | 0.76 | 0.64 | 0.47 | 0.36 | 0.35 | 1.46 | 1.40 | 1.84 |
| Debt / assets | 0.41 | 0.36 | 0.34 | 0.32 | 0.27 | 0.22 | 0.22 | 0.44 | 0.41 | 0.45 |
| Net debt / EBITDA | 3.93 | 3.16 | 4.09 | 5.06 | 3.12 | 2.90 | 4.53 | 3.59 | 3.91 | 4.90 |
| Current ratio | 1.69 | 0.97 | 0.99 | 0.92 | 1.06 | 1.01 | 1.22 | 1.03 | 1.13 | 1.09 |
| Quick ratio | 1.69 | 0.97 | 0.99 | 0.90 | 1.05 | 1.01 | 1.22 | 1.03 | 1.13 | 1.09 |
| Interest coverage | 2.3 | 3.6 | 3.4 | 4.4 | 5.3 | 3.5 | 3.4 | 4.1 | 3.3 | 5.1 |
| Working capital | $5.15B | −$216.0M | −$52.0M | −$584.5M | $248.0M | $43.3M | $787.1M | $107.6M | $488.0M | $264.1M |
| Invested capital | $36.42B | $36.56B | $38.29B | $34.59B | $35.73B | $35.14B | $35.86B | $8.61B | $7.75B | $6.30B |
| Tangible asset value | $2.47B | −$12.20B | −$13.12B | −$10.44B | −$10.58B | −$8.40B | −$8.86B | −$4.64B | −$3.92B | −$4.11B |
| Net current asset value | −$16.96B | −$17.84B | −$18.71B | −$15.95B | −$14.70B | −$12.12B | −$12.06B | −$5.67B | −$4.73B | −$4.77B |
| Graham number | $111.80 | $110.10 | $86.33 | $27.14 | $80.35 | $63.09 | $82.50 | $40.00 | $40.66 | $23.52 |
| Graham net-net per share | −$85.91 | −$80.54 | −$91.14 | −$70.59 | −$56.93 | −$47.16 | −$70.68 | −$47.55 | −$48.03 | −$36.45 |
| Capital allocation | ||||||||||
| Dividends paid | $238.5M | $252.8M | $260.4M | $274.0M | $259.7M | $233.2M | $86.7M | $6.3M | $6.7M | $5.9M |
| Share buybacks (net) | $1.23B | $1.61B | $459.5M | $2.92B | $2.53B | $631.1M | $311.4M | $208.2M | $34.8M | $253.6M |
| Dividend payout ratio | 17.0% | 16.1% | 26.4% | 245.7% | 26.9% | 39.9% | 20.1% | 1.4% | 1.4% | 2.9% |
| Dividends + buybacks / free cash flow | 72.1% | 65.1% | 45.3% | 196.2% | 122.1% | 46.0% | 36.7% | 24.0% | 12.6% | 49.9% |
| Capex / revenue | 8.0% | 6.7% | 6.8% | 6.9% | 5.8% | 5.9% | 6.3% | 6.3% | 4.6% | 4.1% |
| Capex / operating cash flow | 23.3% | 19.1% | 29.3% | 27.4% | 17.7% | 18.9% | 22.1% | 19.3% | 35.5% | 21.1% |
| Capex / depreciation | 0.44 | 0.36 | 0.37 | 0.37 | 0.29 | 0.27 | 0.35 | 0.41 | 0.40 | 0.40 |
| Stock-based compensation / revenue | 2.0% | 1.6% | 2.2% | 1.8% | 2.1% | 2.0% | 1.8% | 1.7% | 1.0% | 1.0% |
| R&D / revenue | — | 0.6% | — | — | — | — | 0.6% | — | — | — |
| SG&A / revenue | 43.3% | 42.4% | 42.2% | 39.3% | 39.8% | 38.8% | 41.7% | 45.6% | 37.4% | 39.3% |
| Efficiency | ||||||||||
| Days sales outstanding | 44.2 | 39.8 | 40.0 | 39.5 | 37.3 | 41.5 | 46.2 | 35.3 | 97.5 | 109.6 |
| Days of inventory on hand | — | — | 7.1 | 6.9 | 0.2 | -0.0 | -0.3 | -0.5 | 0.0 | — |
| Days payables outstanding | 51.7 | 29.6 | 25.5 | 23.7 | 18.9 | 13.8 | 19.7 | 20.6 | 7.2 | 5.8 |
| Cash conversion cycle (days) | -7.5 | 10.1 | 21.7 | 22.7 | 18.6 | 27.7 | 26.1 | 14.1 | 90.3 | 103.8 |
| Receivables turnover | 8.26 | 9.18 | 9.11 | 9.23 | 9.80 | 8.79 | 7.90 | 10.35 | 3.74 | 3.33 |
| Payables turnover | 7.07 | 12.32 | 14.34 | 15.38 | 19.32 | 26.38 | 18.49 | 17.72 | 51.03 | 62.87 |
| Inventory turnover | — | — | 51.32 | 52.63 | 1,579.29 | — | — | — | 1,928,037,000.00 | — |
| Asset turnover | 0.15 | 0.21 | 0.20 | 0.20 | 0.19 | 0.17 | 0.17 | 0.26 | 0.34 | 0.41 |
| Average receivables | $933.0M | $1.10B | $1.06B | $972.3M | $870.2M | $844.7M | $621.8M | $325.1M | $1.06B | $1.01B |
| Average payables | $299.1M | $305.3M | $259.9M | $245.7M | $195.4M | $138.4M | $112.2M | $61.8M | $37.8M | $25.5M |
| Average inventory | — | — | $72.6M | $71.8M | $2.4M | −$236,000 | −$1.8M | −$1.6M | $1 | — |
| Intangibles / total assets | 39.9% | 75.1% | 73.0% | 73.6% | 80.5% | 81.2% | 83.0% | 66.7% | 60.7% | 64.6% |
Computed from GPN's annual financial statements (latest annual report filed February 20, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
GPN valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Global Payments traded at 13.3 times earnings, against a 10-year median of 38.7. Based on the latest twelve months, the trailing P/E is 39.3 and the forward P/E is 5.3. Global Payments earned a return on equity of 6.2% and a return on invested capital of 3.3% in fiscal 2025. It ended the year with $21.9 billion of debt and $8.3 billion in cash and short-term investments, net debt of $13.5 billion. It returned $1.5 billion to shareholders: $238.5 million in dividends and $1.2 billion in share buybacks, 72% of free cash flow. The share count rose 63.5% from 146.9M to 240.2M over 9 years.
See the GPN income statement, the GPN chart for price history, or the GPN stock overview for the latest quote and news.
GPN key metrics FAQ
What is Global Payments's P/E ratio?
Global Payments's trailing P/E ratio is 39.3 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 5.3. At the end of fiscal 2025 it was 13.3, compared with a 10-year median of 38.7.
What is Global Payments's EV/EBITDA?
Global Payments's enterprise value was 9.3 times EBITDA at the end of fiscal 2025 (enterprise value $32.1 billion, EBITDA $3.4 billion); the current EV/EBITDA is 10.5.
What is Global Payments's return on equity?
Global Payments's return on equity (ROE) was 6.2% in fiscal 2025: net income of $1.4 billion on average shareholders' equity of $22.6 billion.
What is Global Payments's ROIC?
Global Payments's return on invested capital was 3.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Global Payments have?
Global Payments had total debt of $21.9 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.96 and $13.5 billion of net debt (3.93 times EBITDA).
What is Global Payments's dividend yield?
Global Payments's forward dividend yield is 1.20%. Global Payments paid $238.5 million in dividends in fiscal 2025 ($0.99 per share), a payout ratio of 17.0%.
Does Global Payments buy back its shares?
Yes. Global Payments spent $1.2 billion on net share repurchases in fiscal 2025 Shares outstanding changed −5.8% over the year, to 240.2M..
What is Global Payments's free cash flow yield?
Global Payments generated $2.0 billion of free cash flow in fiscal 2025, a free cash flow yield of 11.0% on its market value at year-end ($18.6 billion).
What is Global Payments's current ratio?
Global Payments's current ratio was 1.69 at the end of fiscal 2025: current assets were 1.69 times current liabilities.