GLOBAL PAYMENTS INC

Listed Company

GPNCIK 0001123360NYSELarge AcceleratedServices-Business Services, NecGeorgiaFY ends Dec 31

Period

FY 2025

Revenue

$7.71B

Net Income

$1.40B

Total Assets

$53.34B

Equity

$22.89B

Shares Out

279.90M

Op. Cash Flow

$2.66B

Business

Global Payments Inc. is a payments technology company that delivers software, processing and services to financial institutions, merchants and consumers globally. It provides payment processing and merchant acceptance services, point-of-sale and business management software, integrated and embedded payment solutions, commerce enablement services, and issuer-focused offerings such as core processing, tokenization, card production, fraud and managed services. The company reports through two segments—Merchant Solutions and Issuer Solutions. It operates across North America, Europe, Asia‑Pacific and Latin America and sells direct and via partners, banks, ISOs and resellers.

Summary from filing dated 2025-02-14

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenues	7,706	7,736	7,380	8,976	8,524
Cost of service	2,113	2,033	2,068	3,779	3,774
Selling, general and administrative	4,121	4,001	3,859	3,525	3,391
Impairment of goodwill	33	0	0	833	0
Net (gain) loss on business dispositions	−316	−273	137	199	0
Total costs and expenses	5,951	5,761	6,064	8,335	7,165
Operating income	1,755	1,975	1,316	640	1,359
Interest and other income	155	159	111	34	19
Interest and other expense	−650	−603	−645	−449	—
Total nonoperating income (expense)	−495	−444	−534	−416	−314
Income from continuing operations before income taxes and equity in income of equity method investments	1,260	1,530	782	224	1,045
Income tax expense	252	242	187	167	169
Income from continuing operations before equity in income of equity method investments	1,009	1,289	595	58	—
Equity in income of equity method investments, net of tax	120	70	67	—	—
Income from continuing operations	1,129	1,359	663	—	—
Income from discontinued operations, net of tax	327	285	366	—	—
Net income	1,456	1,644	1,029	143	988
Net income attributable to noncontrolling interests	−56	−74	−43	−32	−22
Net income attributable to Global Payments	1,400	1,570	986	111	965
Continuing operations (in USD per share)	4.44	5.06	2.38	—	—
Discontinued operations (in USD per share)	1.35	1.12	1.4	—	—
Discontinued operations (in USD per share)	5.79	6.18	3.78	0.41	3.3
Continuing operations (in USD per share)	4.43	5.04	2.37	—	—
Discontinued operations (in USD per share)	1.35	1.12	1.4	—	—
Total diluted earnings per share attributable to Global Payments (in USD per share)	5.78	6.16	3.77	0.4	3.29

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	8,336	2,356	2,089	1,998	1,979
Accounts receivable, net	784	788	1,120	998	946
Settlement processing assets	1,477	1,599	4,097	2,519	1,144
Prepaid expenses and other current assets	802	550	767	660	637
Current assets of discontinued operations	1,204	738	6	139	5
Total current assets	12,603	6,031	8,074	6,314	4,711
Goodwill	17,077	17,028	26,744	23,321	24,813
Other intangible assets, net	4,231	4,614	10,168	9,658	11,634
Property and equipment, net	1,502	1,421	2,190	1,839	1,688
Deferred income taxes	171	98	112	38	12
Notes receivable	817	772	713	0	—
Other noncurrent assets	1,869	1,852	2,570	2,343	2,422
Noncurrent assets of discontinued operations	15,069	15,074	327,000	1,296	0
Total assets	53,338	46,890	50,570	44,809	45,280
Settlement lines of credit	345	503	981	747	484
Current portion of long-term debt	1,921	1,018	621	1,169	79
Accounts payable and accrued liabilities	2,660	2,836	2,825	2,443	2,542
Settlement processing obligations	1,721	1,519	3,699	2,414	1,358
Current liabilities of discontinued operations	810	376	1	126	0
Total current liabilities	7,457	6,253	8,126	6,899	4,463
Long-term debt	19,542	15,079	15,692	12,289	11,415
Deferred income taxes	1,606	1,584	2,242	2,428	2,793
Other noncurrent liabilities	522	550	723	648	739
Noncurrent liabilities of discontinued operations	433	407	0	4	0
Total liabilities	29,559	23,874	26,783	22,269	19,410
Commitments and contingencies	—	—	—	—	—
Redeemable noncontrolling interests	201	161	508	0	—
Preferred stock, no par value; 5,000,000 shares authorized and none issued	0	0	0	0	0
Common stock, no par value; 400,000,000 shares authorized at December 31, 2025 and 2024; 236,692,592 shares issued and outstanding at December 31, 2025, and 248,708,899 shares issued and outstanding at December 31, 2024	0	0	0	0	0
Paid-in capital	17,079	18,119	19,801	19,978	22,880
Retained earnings	5,936	4,775	3,457	2,731	2,982
Accumulated other comprehensive loss	−126	−613	−259	−406	−234
Total Global Payments shareholders equity	22,889	22,281	22,999	22,304	25,628
Nonredeemable noncontrolling interests	690	575	280	237	241
Total equity	23,578	22,856	23,280	22,540	25,869
Total liabilities, redeemable noncontrolling interests and equity	53,338	46,890	50,570	44,809	45,280

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization of property and equipment	419	493	458	399	396
Amortization of acquired intangibles	997	1,369	1,319	1,263	1,295
Amortization of capitalized contract costs	128	138	123	110	93
Share-based compensation expense	154	164	209	163	181
Provision for operating losses and credit losses	79	81	97	117	90
Noncash lease expense	45	59	65	79	108
Deferred income taxes	−82	−346	−500	−315	−189
Paid-in-kind interest capitalized to principal of notes receivable	−59	−74	−47	0	—
Equity in income of equity method investments, net of tax	−120	−70	−68	—	—
Distributions received on investments	36	33	18	46	37
Technology asset charge	0	56	0	0	—
Net (gain) loss on business dispositions	−156	−273	137	—	—
Other, net	74	46	71	31	11
Accounts receivable	−33	−10	−79	−112	−166
Prepaid expenses and other assets	−173	−221	−290	−296	−264
Accounts payable and other liabilities	−140	−29	6	−17	133
Net cash provided by operating activities	2,657	3,058	2,550	2,244	2,781
Business combinations and other acquisitions, net of cash and restricted cash acquired	−352	−487	−4,226	−66	−1,811
Capital expenditures	−618	−675	−658	−616	−493
Issuance of notes receivable	0	0	−50	0	0
Payments received on notes receivable	18	0	50	0	0
Net cash from sales of businesses	713	962	479	−30	0
Proceeds from sales of investments	9	19	42	33	0
Other, net	0	7	1	2	11
Net cash used in investing activities	−230	−174	−4,361	−676	−2,294
Changes in funds held for customers	−51	137	45	—	—
Changes in settlement processing assets and obligations, net	432	338	−346	—	—
Net (repayments) borrowings from settlement lines of credit	−202	−443	221	286	150
Net (repayments) borrowings from commercial paper notes	0	−1,368	1,368	0	0
Proceeds from long-term debt	12,301	9,635	10,337	9,812	7,058
Repayments of long-term debt	−7,208	−8,335	−9,100	−7,895	−4,827
Payments of debt issuance costs	−88	−33	−13	−49	−21
Repurchases of common stock	−1,191	−1,552	−418	−2,921	−2,534
Proceeds from stock issued under share-based compensation plans	31	43	60	44	50
Common stock repurchased - share-based compensation plans	−40	−56	−41	−39	−91
Purchase of subsidiary shares from noncontrolling interest	0	−109	0	0	—
Distributions to noncontrolling interests	−58	−38	−33	−23	0
Contributions from noncontrolling interests	45	4	26	0	70
Payment of deferred and contingent consideration in business combination	0	−6	−5	−16	0
Purchase of capped calls related to issuance of convertible notes	0	−256	0	−302	0
Dividends paid	−239	−253	−260	−274	−260
Net cash provided by (used in) financing activities	3,733	−2,292	1,840	−1,377	−405
Effect of exchange rate changes on cash, cash equivalents and restricted cash	222	−113	13	−99	−48
Increase in cash, cash equivalents and restricted cash	6,380	479	41	93	33

Filings

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