Financials Global Payments Inc.

Equities

GPN

US37940X1028

Business Support Services

Real-time Estimate Cboe BZX Other stock markets 12:30:39 2025-12-10 pm EST			5-day change	1st Jan Change
78.98 ^USD	+1.91%		-1.31%	-29.58%

Dec. 03	Rothschild & Co Redburn Adjusts Price Target on Global Payments to $70 From $65, Maintains Sell Rating	MT
Dec. 02	Global Payments Inc. Presents at UBS Global Technology and AI Conference 2025, Dec-02-2025 11:35 AM

Projected Income Statement: Global Payments Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	6,748	7,738	8,092	8,671	9,154	9,320	9,721	10,303
Change	-	14.67%	4.57%	7.16%	5.57%	1.82%	4.3%	5.98%
EBITDA ¹	3,039	3,631	3,933	4,326	4,614	4,555	4,800	5,116
Change	-	19.48%	8.33%	9.98%	6.66%	-1.26%	5.37%	6.57%
EBIT ¹	2,681	3,234	3,534	3,868	4,121	4,122	4,363	4,676
Change	-	20.63%	9.25%	9.45%	6.54%	0.04%	5.85%	7.17%
Interest Paid ¹	-343.5	-333.7	-449.4	-660.2	-634	-587.5	-549.7	-556.5
Earnings before Tax (EBT) ¹	594	1,045	224.3	1,170	1,869	1,742	2,145	2,473
Change	-	75.86%	-78.52%	421.55%	59.73%	-6.81%	23.17%	15.3%
Net income ¹	584.5	965.5	111.5	986.2	1,570	1,613	1,725	2,022
Change	-	65.17%	-88.45%	784.57%	59.23%	2.75%	6.9%	17.22%
Announcement Date	2/8/21	2/10/22	2/10/23	2/14/24	2/13/25	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3
Net sales ¹	1,752	1,812	1,941	2,000	1,985	1,953	2,058	2,058	2,022	2,049	2,203	2,232	2,186	2,184	2,324	2,357	2,289	2,205	2,361	2,429	2,323	2,289	2,450	2,515	2,452	2,411	2,580	2,656
Change	-	3.42%	7.08%	3.08%	-0.77%	-1.62%	5.42%	-0.01%	-1.75%	1.34%	7.48%	1.34%	-2.07%	-0.11%	6.42%	1.41%	-2.88%	-3.68%	7.09%	2.86%	-4.35%	-1.48%	7.03%	2.67%	-2.51%	-1.66%	7.01%	2.94%
EBITDA ¹	818.5	831.5	907.4	954.2	937.6	902.1	1,003	1,030	998.3	988.5	1,105	1,138	1,095	1,068	1,174	1,214	1,158	1,057	1,155	1,187	1,142	1,100	1,225	1,260	1,227	1,158	1,292	1,343
Change	-	1.59%	9.13%	5.16%	-1.74%	-3.78%	11.13%	2.75%	-3.08%	-0.99%	11.76%	2.99%	-3.79%	-2.48%	10.01%	3.34%	-4.56%	-8.76%	9.3%	2.81%	-3.8%	-3.72%	11.37%	2.84%	-2.62%	-5.63%	11.62%	3.91%
EBIT ¹	726.7	735.1	810.2	855.6	833.5	802.5	902.4	930.6	898.2	882.5	987	1,020	978.5	949.6	1,050	1,087	1,034	933.9	1,053	1,093	1,038	994.5	1,113	1,148	1,110	1,064	1,192	1,237
Change	-	1.16%	10.21%	5.6%	-2.58%	-3.72%	12.45%	3.13%	-3.48%	-1.75%	11.84%	3.3%	-4.02%	-2.95%	10.6%	3.45%	-4.83%	-9.69%	12.73%	3.81%	-5.04%	-4.17%	11.94%	3.13%	-3.29%	-4.17%	12.05%	3.74%
Charge d'intérêts ¹	-85.07	-83.14	-80.56	-82.19	-87.77	-93.28	-99.19	-135.2	-121.8	-122.9	-191.4	-176.1	-169.7	-162.1	-159.2	-155.9	-156.8	-157.1	-152.2	-143.8	-140.2	-140.4	-137.8	-136.2	-135	-144.4	-144.2	-143.5
Earnings before Tax (EBT) ¹	175.2	196.4	287.5	324.2	236.5	284.4	-626.1	271.6	294.4	-55.06	439.3	417.8	367.9	326	448.8	375	719	353.2	310.5	655.7	467.6	410.2	575.8	578.8	540.2	564.1	758	787.2
Change	-	12.08%	46.4%	12.79%	-27.05%	20.23%	-320.16%	143.39%	8.38%	-118.7%	897.83%	-4.88%	-11.95%	-11.38%	37.65%	-16.44%	91.72%	-50.88%	-12.09%	111.19%	-28.69%	-12.26%	40.36%	0.51%	-6.66%	4.41%	34.38%	3.85%
Net income ¹	182.6	196.7	263.6	296.7	208.5	244.7	-673	290.5	249.3	-11.04	274.1	361.8	361.3	313.3	374.8	315.1	567.2	305.7	241.6	635.2	392.6	330.2	454	459.2	430	445.5	596.5	618.5
Change	-	7.69%	34.02%	12.57%	-29.75%	17.4%	-374.99%	143.16%	-14.17%	-104.43%	2,583%	31.98%	-0.15%	-13.28%	19.61%	-15.91%	79.98%	-46.1%	-20.96%	162.87%	-38.2%	-15.89%	37.51%	1.13%	-6.35%	3.6%	33.89%	3.69%
Announcement Date	2/8/21	5/4/21	8/2/21	11/2/21	2/10/22	5/2/22	8/1/22	10/31/22	2/10/23	5/1/23	8/1/23	10/31/23	2/14/24	5/1/24	8/7/24	10/30/24	2/13/25	5/6/25	8/6/25	11/4/25	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Global Payments Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	7,707	9,998	12,208	15,205	13,702	13,330	13,438	12,756
Change	-	29.73%	22.1%	24.55%	-9.88%	-2.71%	0.81%	-5.08%
Announcement Date	2/8/21	2/10/22	2/10/23	2/14/24	2/13/25	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Global Payments Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	436.2	493.2	615.7	658.1	674.9	681	686.4	712.6
Change	-	13.06%	24.82%	6.9%	2.55%	0.9%	0.79%	3.82%
Free Cash Flow (FCF) ¹	1,752	2,288	1,628	1,591	2,858	2,737	2,817	2,975
Change	-	30.57%	-28.82%	-2.32%	79.67%	-4.21%	2.9%	5.6%
Announcement Date	2/8/21	2/10/22	2/10/23	2/14/24	2/13/25	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Global Payments Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	45.03%	46.92%	48.61%	49.89%	50.4%	48.88%	49.38%	49.66%
EBIT Margin (%)	39.73%	41.8%	43.67%	44.6%	45.01%	44.23%	44.88%	45.39%
EBT Margin (%)	8.8%	13.5%	2.77%	13.49%	20.41%	18.69%	22.07%	24.01%
Net margin (%)	8.66%	12.48%	1.38%	11.37%	17.15%	17.31%	17.74%	19.62%
FCF margin (%)	25.96%	29.56%	20.12%	18.34%	31.22%	29.37%	28.98%	28.87%
FCF / Net Income (%)	299.74%	236.94%	1,460.53%	161.28%	181.98%	169.66%	163.32%	147.13%
Profitability
ROA	4.34%	5.36%	5.7%	5.72%	6.04%	5.75%	6.7%	7.12%
ROE	6.97%	9.05%	10.72%	12.04%	13%	12.6%	13.89%	14.89%
Financial Health
Leverage (Debt/EBITDA)	2.54x	2.75x	3.1x	3.52x	2.97x	2.93x	2.8x	2.49x
Debt / Free cash flow	4.4x	4.37x	7.5x	9.56x	4.79x	4.87x	4.77x	4.29x
Capital Intensity
CAPEX / Current Assets (%)	6.46%	6.37%	7.61%	7.59%	7.37%	7.31%	7.06%	6.92%
CAPEX / EBITDA (%)	14.36%	13.58%	15.65%	15.21%	14.63%	14.95%	14.3%	13.93%
CAPEX / FCF (%)	24.9%	21.56%	37.81%	41.38%	23.62%	24.88%	24.37%	23.95%
Items per share
Cash flow per share ¹	7.701	9.469	8.143	8.593	13.86	14.42	15.63	19.26
Change	-	22.97%	-14%	5.52%	61.32%	4.02%	8.39%	23.22%
Dividend per Share ¹	0.78	0.89	1	1	1	1.052	1.057	1.122
Change	-	14.1%	12.36%	0%	0%	5.24%	0.48%	6.13%
Book Value Per Share ¹	91.62	90	84.78	88.33	89.59	90.15	94.82	100.5
Change	-	-1.77%	-5.8%	4.19%	1.42%	0.63%	5.19%	6.02%
EPS ¹	1.95	3.29	0.4	3.77	6.16	6.643	7.646	9.121
Change	-	68.72%	-87.84%	842.5%	63.4%	7.84%	15.1%	19.29%
Nbr of stocks (in thousands)	299,337	290,151	270,401	260,389	254,495	236,744	236,744	236,744
Announcement Date	2/8/21	2/10/22	2/10/23	2/14/24	2/13/25	-	-	-