GLOBAL PAYMENTS INC.
In the published model solve dated 2026-Q2, anchored at $91.82, GLOBAL PAYMENTS INC. (GPN) is priced for +14.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- The story is the Worldpay acquisition and the Issuer Solutions divestiture, which transformed the company into a focused merchant-solutions business. Adjusted EPS of $2.96 beat the $2.86 estimate, but GAAP swung to a $1.8 billion net loss, mostly from a $1.59 billion loss on the discontinued Issuer Solutions sale. - The risk is balance-sheet and competitive. The company carries about $22.7 billion of gross debt at roughly 3x net leverage, and it competes in merchant acquiring against Adyen, St
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772 institutional managers reported holding GPN in 13F filings for the quarter ended 2026-03-31. 87 opened new positions that quarter. Held by Vanguard Group, BlackRock, Harris Associates (Oakmark), among others. On the short side, 18.7M shares were sold short as of the 2026-06-15 count, about 7% of shares outstanding (3.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
GPN has cut its share count 7.4% over the past five years, spending $8.09B on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $1.00 a share annually. Cash returned over the past three years: $689.37M in dividends and $3.29B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at GPN over the trailing three years: 2023: 1 buy totaling $420k; 2024: 1 buy totaling $673k; 2025: 3 buys totaling $1.19M; 2026: 1 buy totaling $99k. 23 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
GPN's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-02 | +10.6% | -7.4% |
| 2023-11-01 | +5.0% | +15.1% |
| 2024-02-15 | +1.3% | -11.3% |
| 2024-05-02 | -10.0% | -12.6% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
GPN's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-05-07 (items 8.01); 2026-05-06 (items 2.02, 9.01); 2026-05-04 (items 5.07); 2026-03-12 (items 1.01, 2.03, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.