Latest Ratios: P/E Ratio 13.3x · EV/EBITDA 11.0x · ROE 6.0%. (1999–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $18.4B | $18.6B | $28.6B | $33.2B | $27.4B | $39.7B | $64.7B | $36.4B | $16.4B | $15.6B | $10.2B |
| Enterprise Value | $31.8B | $32.1B | $42.8B | $48.5B | $39.7B | $49.8B | $72.5B | $44.4B | $21.0B | $19.5B | $13.9B |
| P/E Ratio → | 13.31 | 13.28 | 18.19 | 33.69 | 248.30 | 41.09 | 110.47 | 84.52 | 36.31 | 33.30 | 50.66 |
| P/S Ratio | 2.38 | 2.41 | 2.83 | 3.44 | 3.05 | 4.66 | 8.72 | 7.40 | 4.88 | 3.92 | 3.03 |
| P/B Ratio | 0.78 | 0.78 | 1.24 | 1.40 | 1.21 | 1.53 | 2.36 | 1.30 | 3.92 | 3.93 | 3.67 |
| P/FCF | 9.01 | 9.12 | 9.99 | 20.90 | 16.81 | 17.35 | 34.47 | 33.56 | 18.40 | 47.17 | 19.62 |
| P/OCF | 6.91 | 7.00 | 8.08 | 14.78 | 12.20 | 14.28 | 27.97 | 26.13 | 14.85 | 30.43 | 15.48 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 4.16 | 4.24 | 5.03 | 4.42 | 5.84 | 9.77 | 9.03 | 6.25 | 4.92 | 4.11 |
| EV / EBITDA | 11.03 | 11.10 | 9.98 | 11.79 | 10.57 | 13.64 | 24.14 | 22.27 | 15.99 | 19.11 | 19.77 |
| EV / EBIT | 21.63 | 15.79 | 17.06 | 26.45 | 60.79 | 37.22 | 80.52 | 54.05 | 27.60 | 34.79 | 34.40 |
| EV / FCF | — | 15.72 | 14.99 | 30.51 | 24.35 | 21.77 | 38.63 | 40.94 | 23.57 | 59.15 | 26.68 |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.6% | 72.6% | 62.8% | 61.4% | 57.9% | 55.7% | 50.8% | 57.8% | 67.5% | 51.5% | 52.4% |
| Operating Margin | 19.1% | 19.1% | 22.6% | 22.9% | 22.0% | 20.6% | 16.4% | 21.3% | 23.6% | 14.4% | 10.6% |
| Net Profit Margin | 18.2% | 18.2% | 15.5% | 10.2% | 1.2% | 11.3% | 7.9% | 8.8% | 13.4% | 11.8% | 6.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 6.0% | 6.0% | 6.7% | 4.3% | 0.5% | 3.6% | 2.1% | 2.7% | 11.1% | 13.9% | 7.1% |
| ROA | 2.8% | 2.8% | 3.2% | 2.1% | 0.2% | 2.2% | 1.3% | 1.5% | 3.4% | 4.0% | 1.9% |
| ROIC | 3.0% | 3.0% | 4.5% | 4.5% | 4.2% | 3.7% | 2.6% | 3.5% | 7.1% | 6.0% | 4.1% |
| ROCE | 3.4% | 3.4% | 5.5% | 5.5% | 5.0% | 4.4% | 3.0% | 4.1% | 8.3% | 6.7% | 4.5% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.92 | 0.92 | 0.73 | 0.73 | 0.63 | 0.47 | 0.35 | 0.34 | 1.39 | 1.34 | 1.74 |
| Debt / EBITDA | 7.55 | 7.55 | 3.92 | 4.22 | 3.81 | 3.31 | 3.25 | 4.86 | 4.43 | 5.18 | 6.89 |
| Net Debt / Equity | — | 0.57 | 0.62 | 0.64 | 0.55 | 0.39 | 0.28 | 0.29 | 1.10 | 1.00 | 1.32 |
| Net Debt / EBITDA | 4.67 | 4.67 | 3.33 | 3.71 | 3.27 | 2.77 | 2.60 | 4.02 | 3.51 | 3.87 | 5.23 |
| Debt / FCF | — | 6.61 | 5.00 | 9.61 | 7.55 | 4.42 | 4.16 | 7.38 | 5.17 | 11.98 | 7.06 |
| Interest Coverage | 3.12 | 3.12 | 3.96 | 2.78 | 1.45 | 4.01 | 2.62 | 2.69 | 3.90 | 3.21 | — |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.69 | 1.69 | 0.97 | 0.99 | 0.92 | 1.06 | 1.01 | 1.22 | 1.03 | 1.13 | 1.09 |
| Quick Ratio | 1.69 | 1.69 | 0.97 | 0.99 | 0.92 | 1.06 | 1.01 | 1.22 | 1.03 | 1.13 | 1.09 |
| Cash Ratio | 1.12 | 1.12 | 0.41 | 0.26 | 0.29 | 0.44 | 0.43 | 0.47 | 0.37 | 0.35 | 0.41 |
| Asset Turnover | — | 0.14 | 0.22 | 0.19 | 0.20 | 0.19 | 0.17 | 0.11 | 0.25 | 0.31 | 0.32 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 37.14 | 39.07 | 42.35 | 40.60 | 40.52 | 39.05 | 66.52 | 37.78 | 27.72 | 197.27 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.3% | 1.3% | 0.9% | 0.8% | 1.0% | 0.7% | 0.4% | 0.2% | 0.0% | 0.0% | 0.1% |
| Payout Ratio | 17.0% | 17.0% | 16.1% | 26.4% | 245.7% | 26.9% | 39.9% | 20.1% | 1.4% | 1.4% | 2.9% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 7.5% | 7.5% | 5.5% | 3.0% | 0.4% | 2.4% | 0.9% | 1.2% | 2.8% | 3.0% | 2.0% |
| FCF Yield | 11.1% | 11.0% | 10.0% | 4.8% | 5.9% | 5.8% | 2.9% | 3.0% | 5.4% | 2.1% | 5.1% |
| Buyback Yield | 6.7% | 6.6% | 5.6% | 1.4% | 10.8% | 6.6% | 1.0% | 0.9% | 1.3% | 0.2% | 2.5% |
| Total Shareholder Yield | 8.0% | 7.9% | 6.5% | 2.2% | 11.8% | 7.3% | 1.3% | 1.1% | 1.3% | 0.3% | 2.5% |
| Shares Outstanding | — | $240M | $255M | $262M | $276M | $294M | $301M | $199M | $159M | $156M | $147M |
Integration and Goodwill Impairment
According to recent market data, GPN trades at a forward P/E of 5.04, which, as reported in financial statements, suggests the market is heavily discounting the firm's earnings potential compared to historical averages and broader industry peers like Fiserv or Fidelity National Information Services.
The compressed valuation multiples, including a P/FCF of 8.10, indicate that investors are pricing in significant execution risk regarding the integration of recent acquisitions. This valuation gap relative to peers suggests the market may be skeptical of the company's ability to transition from an acquisition-led growth model to sustainable organic expansion.
Based on GPN's reported figures, ROIC has collapsed to -0.0% in 2026Q1, a stark reversal from the 1.3% levels observed in 2025Q3, indicating that the company is currently failing to generate positive returns on its substantial invested capital base.
The erosion of ROIC highlights the difficulty of integrating large-scale acquisitions while managing a complex debt structure. Investors should monitor whether this decay is a temporary byproduct of recent integration costs or a structural decline in the company's ability to allocate capital effectively.
As evidenced by the erratic CCC trends and a DSO of 84 days in 2026Q1, the company's working capital efficiency appears to be under significant strain, according to data derived from recent quarterly filings compared to historical norms.
The sharp increase in DSO suggests potential challenges in collecting receivables, which may be exacerbated by the integration of new business units. This volatility in working capital management warrants further investigation into the underlying health of the merchant processing cycle.
According to recent SEC filings, the current ratio has declined to 0.79 in 2026Q1, signaling that the company's short-term liquidity position is increasingly vulnerable to operational shocks compared to the more stable levels maintained in previous fiscal periods.
The reliance on settlement assets to manage liquidity creates a mismatch that could become problematic during periods of market stress. The current ratio suggests that the company has limited margin for error in managing its immediate cash obligations.
As reported in financial statements, the market's reliance on 'Adjusted Net Revenue' and non-GAAP earnings often obscures the true economic reality of GPN's cash-burning operations, which is a common analytical pitfall when evaluating complex, acquisition-heavy payment processors.
Investors should prioritize Free Cash Flow and GAAP-based ROIC over adjusted metrics to better understand the company's actual ability to generate value. Focusing on adjusted figures may lead to an overestimation of the company's profitability and a failure to account for the persistent costs of integration.
Includes 30+ ratios · 27 years · Updated daily
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Quick answers to the most common questions about buying GPN stock.
Global Payments Inc.'s current P/E ratio is 13.3x. The historical average is 38.3x. This places it at the 4th percentile of its historical range.
Global Payments Inc.'s current EV/EBITDA is 11.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 13.2x.
Global Payments Inc.'s return on equity (ROE) is 6.0%. The historical average is 12.5%.
Based on historical data, Global Payments Inc. is trading at a P/E of 13.3x. This is at the 4th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
Global Payments Inc.'s current dividend yield is 1.28% with a payout ratio of 17.0%.
Global Payments Inc. has 72.6% gross margin and 19.1% operating margin. Operating margin between 10-20% is typical for established companies.
Global Payments Inc.'s Debt/EBITDA ratio is 7.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.