# Global Payments, Inc. (GPN) — Stock CV

Global Payments, Inc. is a $21.8B financial services company. Revenue grew 15.2% over the last year, and it currently loses money.

> Global Payments is a leading provider of payment processing and software solutions and historically focused on serving small and midsize merchants. The Worldpay acquisition pushes the company into the large merchant space and expands the company's international operations.

## Identity

- **Ticker**: GPN
- **Sector**: Financial Services
- **Industry**: Credit Services
- **Headquarters**: ATLANTA, GA
- **Employees**: 26 000
- **Website**: https://www.globalpayments.com
- **Market cap**: $21.8B
- **Last price**: $82.20
- **Financial profile**: Strained

## Vitals (TTM)

- **Revenue**: $10.2B
- **Net income**: -$934M
- **Free cash flow**: $823M
- **Net debt**: $13.1B
- **P/E**: 15.5
- **Revenue growth (YoY)**: 15.2%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 69 |
| Growth | 62 |
| Profitability | 17 |
| Health | 31 |
| Quality | 46 |
| Moat | 62 |

## Qualifications (beginner checklist) — 8 of 11 passed

- [x] Revenue growing — +15.2% YoY
- [ ] Profitable — -$934M TTM
- [x] Profit growing — +142.7% YoY
- [x] Generates cash — $823M TTM
- [ ] Debt under control — ~16.0y of cash flow to repay
- [x] Established company — $21.8B market cap
- [x] Not printing shares — -19.2% shares over ~5y
- [x] Proven track record — 10/10 profitable years
- [ ] Financially stable — Altman Z 0.5 — distress
- [x] Pays a dividend — yield 1.16%
- [x] Valuation not extreme — P/E 15.5

## Experience (career milestones)

- **2026** — Following regulatory approvals in multiple jurisdictions, it was announced the acquisition had been…
- **2025** — Global Payments agreed to acquire Worldpay, a payments technology provider, for $22 billion from GTCR…
- **FY2024** — Revenue crossed $10B: $10.1B for the year
- **FY2024** — Best year on record: $1.57B net income
- **2022** — Global Payments entered a definitive agreement to acquire EVO Payments Inc
- **May 28, 2019** — Global Payments announced a $21.5 billion merger with TSYS
- **2018** — Global Payments completed the acquisition of AdvancedMD
- **FY2016** — Profitable every year on record: 10 consecutive profitable years in our data
- **FY2016** — Revenue already above $1B: $2.90B in first reported year
- **FY2016** — Positive free cash flow every year since: 10-year streak
- **Apr 25, 2016** — Global Payments completed the acquisition of Heartland Payment Systems for $4.3 billion
- **2015** — Global Payments bought Realex Payments, an Irish-based payments gateway services company, for €115…
- **2012** — It acquired the smaller Accelerated Payment Technologies for $413 million
- **2011** — Global Payments's United Card Service bought Alfa-Bank's credit card processing unit
- **1996** — Global Payments was founded in 1996 and spun off from National Data Corporation, its former parent company, in 2001

## Strengths

- High gross margin (64.1%)
- Revenue growing 15.2% year over year

## Watch-outs

- Not profitable — 9.1% net margin
- Altman Z-Score 0.53 — elevated financial-distress risk
- Net debt would take ~22.1 years of free cash flow to repay
- Net debt equals ~16.0 years of free cash flow

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $8.52B | $965M | $2.29B |
| FY2022 | $8.98B | $111M | $1.63B |
| FY2023 | $9.65B | $986M | $1.59B |
| FY2024 | $10.1B | $1.57B | $2.86B |
| FY2025 | $7.71B | $1.40B | $2.04B |

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Source: https://stockcv.com/GPN — derived from company filings; may be delayed or incomplete. Information, not investment advice.