Explain this page
Arphra AIPlain-English read on Global Payments Inc.’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
B+Solid
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin72.6%
Operating margin19.1%
Net margin18.2%
ROE5.9%
ROA2.6%
ROIC3.2%
Liquidity & leverage
Current ratio1.69×
Quick ratio1.69×
Debt / equity0.92×
Net debt / EBITDA3.91×
Interest coverage2×
Efficiency & per-share
Asset turnover0.14×
Inventory days0
Days sales out.37
FCF / share$8.49
Book value / share$99.01
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $28.5B | $18.56B | — | — | — | — |
| Enterprise value | — | — | — | $42.77B | $32.03B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 4.23 | 4.16 | — | — | — | — |
| EV / FCF | — | — | — | 14.97 | 15.71 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +5.51% | +7.54% | — | — | — | — |
| Free cash flow yield | — | — | — | +10.03% | +10.99% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +55.73% | +57.90% | +61.39% | +62.79% | +72.57% | +64.50% | +66.48% | +65.32% | +65.49% |
| Operating margin | +20.60% | +22.03% | +22.92% | +22.62% | +19.10% | +22.13% | +21.46% | +22.13% | +21.17% |
| EBITDA margin | +37.94% | +27.05% | +38.72% | +44.72% | +44.71% | +41.80% | +43.97% | +41.52% | +43.83% |
| EBIT margin | +15.70% | +7.27% | +19.00% | +24.85% | +26.34% | +23.10% | +23.63% | +23.35% | +22.87% |
| Pre-tax margin | +13.57% | +3.45% | +12.82% | +19.19% | +17.91% | +16.42% | +16.38% | +16.41% | +16.37% |
| Net margin | +11.33% | +1.24% | +10.22% | +15.54% | +18.17% | +14.41% | +14.76% | +14.86% | +14.54% |
| Cost structure | |||||||||
| Cost of revenue / sales | +44.27% | +42.10% | +38.61% | +37.21% | +27.43% | +34.81% | +34.96% | +34.72% | +34.41% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +35.13% | +35.87% | +38.47% | +40.18% | +53.47% | +43.41% | +44.46% | +44.04% | +42.81% |
| Effective tax rate | +14.61% | +53.77% | +16.89% | +15.22% | +18.23% | +16.99% | +17.22% | +16.72% | +17.17% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +3.73% | +0.49% | +4.15% | +6.82% | +5.89% | +5.43% | +5.55% | +5.73% | +5.42% |
| Return on assets (ROA) | +2.13% | +0.25% | +1.95% | +3.35% | +2.62% | +2.64% | +2.71% | +2.62% | +2.64% |
| Return on capital (ROC) | +4.63% | +5.37% | +5.38% | +5.74% | +3.23% | +4.61% | +4.54% | +4.68% | +4.40% |
| Return on invested capital (ROIC) | +2.54% | +0.30% | +2.40% | +3.94% | +3.07% | +3.00% | +3.12% | +3.14% | +3.02% |
| Asset turnover | +18.82% | +20.03% | +19.09% | +21.55% | +14.45% | +18.33% | +18.34% | +17.66% | +18.15% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +11.33% | +1.24% | +10.22% | +15.54% | +18.17% | +14.41% | +14.76% | +14.86% | +14.54% |
| Asset turnover (× revenue / assets) | +18.82% | +20.03% | +19.09% | +21.55% | +14.45% | +18.33% | +18.34% | +17.66% | +18.15% |
| Equity multiplier (× assets / equity) | +175.03% | +198.80% | +212.59% | +203.72% | +224.30% | +205.53% | +204.83% | +218.50% | +205.27% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 0.19 | 0.20 | 0.19 | 0.22 | 0.14 | 0.18 | 0.18 | 0.18 | 0.18 |
| Fixed-asset turnover | 5.05 | 4.88 | 4.41 | 4.44 | 5.13 | — | — | — | — |
| Inventory turnover | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 9.01 | 8.99 | 8.62 | 9.34 | 9.83 | — | — | — | — |
| Payables turnover | 14.40 | 16.47 | 12.83 | 11.75 | 0.79 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 40.52 | 40.60 | 42.35 | 39.07 | 37.14 | — | — | — | — |
| Days inventory outstanding (DIO) | — | — | — | — | — | — | — | — | — |
| Days payables outstanding (DPO) | 25.34 | 22.16 | 28.44 | 31.07 | 459.43 | — | — | — | — |
| Cash conversion cycle | 15.18 | 18.44 | 13.91 | 8.00 | -422.29 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 2.88 | 20.13 | 2.28 | 2.25 | 1.90 | 2.16 | 2.08 | 2.09 | 2.11 |
| FCF / Net income | 2.37 | 14.61 | 1.61 | 1.82 | 1.46 | 1.63 | 1.62 | 1.64 | 1.61 |
| FCF margin | +26.84% | +18.14% | +16.48% | +28.28% | +26.46% | +23.45% | +23.95% | +24.34% | +23.46% |
| OCF margin | +32.62% | +25.00% | +23.29% | +34.96% | +34.47% | +31.13% | +30.72% | +31.11% | +30.62% |
| CapEx / Revenue | +5.79% | +6.86% | +6.82% | +6.68% | +8.02% | +7.22% | +7.08% | +7.21% | +7.07% |
| CapEx / D&A | 0.29 | 0.37 | 0.37 | 0.36 | 0.44 | — | — | — | — |
| Stock-based comp / Revenue | +2.12% | +1.82% | +2.16% | +1.63% | +1.99% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 3.29 | 0.40 | 3.77 | 6.16 | 5.83 | 13.87 | 16.07 | 19.07 | 21.80 |
| EPS · basic | 3.30 | 0.41 | 3.78 | 6.18 | 5.84 | 13.87 | 16.13 | 19.30 | 21.71 |
| Book value / share | 88.09 | 81.79 | 90.90 | 90.32 | 99.01 | 136.49 | 145.41 | 147.61 | 160.24 |
| Tangible BV / share | -36.02 | -37.88 | -50.15 | -47.88 | 10.29 | 136.49 | 145.41 | 147.61 | 160.24 |
| Sales / share | 29.03 | 32.57 | 36.89 | 39.66 | 32.08 | 51.42 | 54.64 | 56.96 | 59.71 |
| Operating CF / share | 9.47 | 8.14 | 8.59 | 13.86 | 11.06 | 16.01 | 16.79 | 17.72 | 18.28 |
| Free cash flow / share | 7.79 | 5.91 | 6.08 | 11.21 | 8.49 | 12.06 | 13.09 | 13.86 | 14.01 |
| Dividends / share | 0.88 | 0.99 | 1.00 | 0.99 | 0.99 | 1.45 | 1.54 | 1.55 | 1.69 |
| Payout ratio | +26.90% | +245.71% | +26.41% | +16.10% | +17.04% | +19.63% | +19.10% | +18.31% | +19.50% |
| Retention ratio | +73.10% | -145.71% | +73.59% | +83.90% | +82.96% | +80.37% | +80.90% | +81.69% | +80.50% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +5.30% | +7.56% | +4.68% | -23.75% | +61.30% | +5.76% | +4.79% | +4.93% | +6.82% |
| Gross profit · YoY | — | +9.41% | +14.05% | +7.07% | -11.87% | +43.35% | +9.01% | +2.96% | +5.21% | +9.00% |
| Profit | ||||||||||
| Operating income · YoY | — | +12.62% | +11.92% | +3.27% | -35.60% | +86.90% | +2.54% | +8.07% | +0.35% | +7.19% |
| EBITDA · YoY | — | -24.92% | +54.00% | +20.89% | -23.77% | +50.82% | +11.24% | -1.05% | +10.78% | +8.77% |
| Net income · YoY | — | -88.45% | +784.57% | +59.23% | -10.84% | +27.89% | +8.34% | +5.50% | +2.67% | +10.21% |
| Operating | ||||||||||
| EBIT · YoY | — | -51.24% | +181.21% | +36.89% | -19.18% | +41.47% | +8.18% | +3.55% | +2.76% | +11.97% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | -87.84% | +842.50% | +63.40% | -5.36% | +137.86% | +15.87% | +18.69% | +14.29% | +26.66% |
| EPS · basic · YoY | — | -87.58% | +821.95% | +63.49% | -5.50% | +137.52% | +16.30% | +19.61% | +12.51% | +26.55% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | 2026E | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $12.08B | $14.29B | $17.38B | $16.82B | $21.81B | $26.72B | $27.2B | $29.49B | $30.76B |
| Net debt | $10.1B | $12.29B | $15.29B | $14.28B | $13.47B | $20.11B | $20.54B | $22.39B | $23.45B |
| Net debt / EBITDA | 3.12 | 5.06 | 4.09 | 3.16 | 3.91 | 3.87 | 3.55 | 3.91 | 3.70 |
| Debt / equity | 0.47 | 0.63 | 0.73 | 0.73 | 0.92 | 0.81 | 0.78 | 0.83 | 0.79 |
| Debt / assets | +26.68% | +31.88% | +34.36% | +35.86% | +40.88% | +39.40% | +37.95% | +37.81% | +38.63% |
| Equity / assets | +57.13% | +50.30% | +47.04% | +49.09% | +44.58% | +48.66% | +48.82% | +45.77% | +48.72% |
| Coverage | |||||||||
| EBITDA / interest expense | 9.69 | 5.40 | 5.66 | 7.13 | 5.30 | 5.71 | 6.03 | 5.96 | 6.11 |
| Operating income / interest | 5.26 | 4.40 | 3.35 | 3.60 | 2.27 | 3.02 | 2.94 | 3.18 | 2.95 |
| Interest expense | $333.65M | $449.43M | $660.15M | $633.99M | $649.64M | $910.2M | $958.42M | $959.84M | $1.04B |
| Liquidity | |||||||||
| Current ratio | 1.06 | 0.92 | 0.99 | 0.97 | 1.69 | — | — | — | — |
| Quick ratio | 0.66 | 0.43 | 0.39 | 0.58 | 1.22 | — | — | — | — |
| Cash ratio | 0.44 | 0.29 | 0.26 | 0.41 | 1.12 | — | — | — | — |
| Working capital | $247.97M | -$584.54M | -$51.97M | -$216.04M | $5.15B | — | — | — | — |
| Working capital / revenue | +2.91% | -6.51% | -0.54% | -2.14% | +66.78% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 4.16x | 4.23x |
| Earnings yield | 7.5% | 5.5% |
| FCF yield | 11.0% | 10.0% |
Returns
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 6.1% | 7.0% |
| ROA | 2.6% | 3.3% |
| ROIC | 2.5% | 4.6% |
Leverage & liquidity
| Metric | FY 2025 | FY 2024 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 3.91 | 3.16 |
| Interest coverage | — | — |
| Current ratio | 1.69x | 0.97x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).