This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Update: Feb. 25, 2026: Bloomberg News reported Tuesday that the fintech Stripe may be interested in buying PayPal, or some of its assets. A spokesperson for Stripe declined to comment. -------------------------------------------------------------------------- There aren’t many companies in the payments sphere that could digest a $40-billion market-cap company lik ...

Financial Performance - Revenues for the year ended December 31, 2025 were essentially flat at $7,705.9 million, compared to $7,736.0 million for the prior year[241]. - Revenues for the year ended December 31, 2025 decreased by $30.1 million, or 0.4%, to $7,705.9 million from $7,736.0 million in the prior year[268]. - Revenues in the integrated and embedded solutions service line increased by $211.6 million, or 6.6%, while revenues in the point of sale and software solutions service line decreased by $190.9 million, or 12.6%[269]. - Consolidated operating income for the year ended December 31, 2025 was $1,754.6 million, down from $1,974.5 million, with an operating margin of 22.8% compared to 25.5% in the prior year[275]. - Income from continuing operations was $1,128.7 million, compared to $1,359.0 million for the prior year[283]. - Diluted earnings per share for continuing operations decreased to $4.43 from $5.04 in the prior year[284]. Cost Management - Merchant Solutions segment operating income and operating margin for the year ended December 31, 2025 increased due to cost reduction activities associated with the transformation program[241]. - Cost of service increased by $79.9 million, or 3.9%, to $2,113.4 million, with cost of service as a percentage of segment revenues rising to 27.4% from 26.3%[270]. - Selling, general and administrative expenses decreased by $262.9 million, or 8.4%, to $2,857.3 million, with expenses as a percentage of segment revenues at 37.1% compared to 40.3% in the prior year[272][273]. - Corporate expenses increased by $382.4 million, or 43.4%, to $1,263.3 million, primarily due to higher acquisition and transformation costs[274]. Transformation Initiatives - The company expects transformation initiatives to generate more than $650 million of annual run-rate operating income benefit by the first half of 2027[245]. - The company continues to assess its business portfolio for potential asset dispositions to streamline operations and create shareholder value[244]. Acquisitions and Divestitures - The company acquired 100% of Worldpay for approximately $6.2 billion in cash and 43.3 million shares of common stock, while divesting its Issuer Solutions business for approximately $7.7 billion in cash[236]. - The Issuer Solutions business has been classified as a discontinued operation, with historical operations presented accordingly[237]. Cash Flow and Financing Activities - Operating activities generated net cash of $2,656.6 million for the year ended December 31, 2025, a decrease from $3,057.6 million in 2024, primarily due to increased cash use in net working capital[296]. - The company used net cash in investing activities of $230.3 million in 2025, including $352.1 million for acquisitions and $617.8 million for capital expenditures[297]. - Financing activities provided net cash of $3,732.5 million in 2025, compared to a net cash usage of $2,291.8 million in 2024[298]. - Proceeds from long-term debt were $12,300.9 million in 2025, an increase from $9,635.0 million in 2024, while repayments were $7,207.6 million in 2025[299]. - The company repurchased 13.2 million shares of common stock for $1,191.0 million in 2025, with an average price of $84.61 per share[302]. - Dividends paid to common shareholders amounted to $238.5 million in 2025, down from $252.8 million in 2024[303]. Debt and Credit Facilities - The company has $16.4 billion in aggregate principal amount of senior unsecured notes outstanding as of December 31, 2025[304]. - The company entered into a $7.25 billion revolving credit facility, with $5.75 billion available immediately and an additional $1.5 billion upon closing the acquisition of Worldpay[322]. - As of December 31, 2025, there were $1.5 billion in borrowings outstanding under the revolving credit facility at an interest rate of 5.11%[325]. - The company established a $2.0 billion commercial paper program, backstopped by the revolving credit facility, with no net borrowings as of December 31, 2025[326][328]. - The company obtained $7.7 billion in committed bridge financing for the acquisition of Worldpay, reduced to $6.2 billion upon entering the revolving credit facility[332]. Impairment and Asset Valuation - The company recognized a goodwill impairment charge of $33.2 million in discontinued operations during Q2 2025 due to the Issuer Solutions disposal group being classified as held for sale[344]. - The company recognized a charge of $160.4 million to reduce the carrying amount of the Issuer Solutions disposal group to estimated fair value less costs to sell during the year ended December 31, 2025[348]. - The company regularly evaluates whether events indicate that the carrying amount of long-lived assets may not be recoverable, assessing potential impairment at the asset group level[347]. Foreign Currency and Interest Rate Risk - The company is exposed to foreign currency exchange rate fluctuations, but the effect on consolidated revenues and operating income for the year ended December 31, 2025, was insignificant[358]. - The company has designated €800 million Euro-denominated senior notes due March 2031 as a hedge of its net investment in Euro-denominated operations to offset volatility due to foreign currency exchange rate changes[361]. - The company has interest rate swaps with a total notional amount of $1.5 billion to hedge interest rate risk on a portion of its variable-rate debt[364]. - A hypothetical increase of 50 basis points in applicable interest rates would increase annual interest expense by approximately $1.7 million and annual interest income by approximately $34.4 million[366]. - The exposure of net income to interest rate changes is partially mitigated as increases in rates would raise both interest income and interest expense[365].

Global Payments (GPN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, GPN broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than lon ...

Global Payments (GPN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, GPN broke through the 200-day moving average, which suggests a long-term bullish trend.The 200-day simple moving average is widely-used by traders and analysts, and helps establish market trends for stocks, commodities, indexes, and other financial instruments over the long term. The indicator moves higher or lower together with longer-term price moves, serving as a suppo ...

Group 1 - Global Payments (GPN) has surpassed resistance at the 50-day moving average, indicating a potential short-term bullish trend [1] - GPN has increased by 10.8% over the last four weeks, suggesting it may be on the verge of another rally [2] - The company is currently rated as a Zacks Rank 2 (Buy), supported by positive earnings estimate revisions with 2 higher estimates compared to none lower for the current fiscal year [2] Group 2 - The positive movement in earnings estimate revisions strengthens the bullish case for GPN, as the consensus estimate has also moved up [2] - Investors are encouraged to consider adding GPN to their watchlist due to the important technical indicators and favorable earnings revisions [3]

分组1 - The author identifies as an independent investor rather than a professional analyst, preferring the terms "contributor" or "author" to describe their role [1][3] - The author has over 30 years of personal investment experience in the stock market and has a background in economics and finance [1] - The author has worked in various capacities within the financial industry, including as a buy-side analyst, fund co-manager, and analyst at a multi-strategy hedge fund, gaining insights into capital structures and M&A situations [1] - The author transitioned to a role at a financial regulatory authority, focusing on international regulation and company supervision, which provided valuable insights into corporate operations and regulatory politics [1] - The author emphasizes the importance of reading between the lines in corporate communications, understanding that messages are tailored for specific audiences [1] 分组2 - The author intends to share personal investment views and engage in discussions with the public, while adhering to compliance regulations by limiting contributions to publicly available information [1] - The author holds long positions in specific stocks, indicating a personal investment interest in GPN and ADYEY [2] - The author clarifies that their writings are not intended as investment advice and that readers should conduct their own research before making investment decisions [3][4]

Revenue Performance - Global Payments Inc. (GPN) reported adjusted revenue of $2.32 billion for Q4 2025, meeting analyst estimates, with GAAP revenue at $1.90 billion, indicating stable execution amid market expectations [4] Valuation Metrics - The trailing price-to-earnings (P/E) ratio of 10.39 suggests that the market values GPN's earnings positively, supported by a strong outlook for fiscal 2026 with adjusted EPS guidance of $13.80–$14.00, above consensus [4] - The price-to-sales (ttm) ratio of 1.67 and enterprise value to revenue (ttm) ratio of 3.25 provide insights into GPN's market value relative to its revenue and debt [5] - The enterprise value to operating cash flow (ttm) ratio of approximately 9.38 highlights how the company's cash flow is valued in relation to its enterprise value [5] Liquidity and Debt - GPN's earnings yield of approximately 9.62% offers an attractive perspective on return on investment for income-seeking investors [6] - The debt-to-equity ratio of 0.69 indicates a moderate level of debt used to finance the company's assets relative to equity, essential for maintaining financial stability [6] - The current ratio of 0.86 may suggest potential liquidity considerations in meeting short-term obligations, important for understanding the company's ability to cover short-term liabilities with short-term assets [6] Company Overview - GPN is a leading provider of payment technology and software solutions, operating globally and facilitating electronic payments for merchants, businesses, and financial institutions [3] - The company competes with major players in the payment processing industry, such as PayPal and Block, striving to maintain its position through innovation and strategic partnerships [3]

Core Insights - The focus is on in-depth research of various companies across different sectors, particularly in commodities and technology, with a strong emphasis on metals and mining stocks [1] Group 1: Company Research - The company has over a decade of experience in researching a wide range of industries, including oil, natural gas, gold, copper, and technology firms like Google and Nokia [1] - The company has transitioned from writing a blog to creating a value investing-focused YouTube channel, where extensive research on hundreds of companies has been conducted [1] - The company expresses a particular interest in covering metals and mining stocks, while also being comfortable with sectors such as consumer discretionary/staples, REITs, and utilities [1]

Group 1 - The payments software provider reported fourth-quarter earnings that slightly exceeded estimates [1] - The company provided strong full-year guidance, indicating positive future performance [1]

Global Payments (GPN) came out with quarterly earnings of $3.18 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $2.95 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -0.03%. A quarter ago, it was expected that this electronics payment processing company would post earnings of $3.23 per share when it actually produced earnings of $3.26, delivering a surprise of +0.93%.Over the last four quart ...