PerpEquities

Equity

Global Payments Inc. (GPN) perpetual futures

GPN perpetual futures on 1 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade GPNUSDT.

Global Payments Inc. tracked across crypto venues with normalized contract specifications.

$83.95-0.5%NYSE closed
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venue perp mark · MEXC (GPN/USDT)
Auto: highest-volume live perp venueOpen in TradingView

Trading data

Perpetual market activity

1/1 live markets
Venues
1
Live markets
1/1
24h volume
$81.7K
Open interest
$86.8K
Best liquidity
$5.7K
MEXC
Tightest spread
+135.6 bps
MEXC
Highest volume
$81.7K
MEXC
Settlement mix
USDT · 1/1
Perp/spot vol.
0.00x
Spot volume $144.5M
OI / float
0.00%
Float $19.1B
Spot performance
1D-0.92%
5D-1.16%
1M-10.15%
6M+18.21%
YTD+8.53%
1Y-2.45%

Venue matrix

1 markets

Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.

Trade
MEXCTradeGPN/USDTTrading$83.95+21.9% APR
+0.020% every 8h
+135.6 bps$5.7K$81.7K$86.8KUSDT20x

Tradability

Execution quality

Entry cost and depth per venue at $1k–$100k

No sufficient depth · 0 of 1 venues absorb $10k

No fresh book data: MEXC

Taker execution estimate incl. approx. fees - maker fills are not guaranteed.

Best venues for this underlying

Best liquidity

GPN

Tightest spread

GPN

Highest volume

GPN

Funding history

Stored venue snapshots by market

Company data

Company fundamentals

Updated 2h ago
Market cap
$20.9B
Updated 2h ago
Revenue
$10.2B
Trailing 12 months
Revenue growth
+60%
Next fiscal year
Profit margin
-9.4%
P/E
-21.6
Peer P/E 24.1
Free cash flow
$822.7M
Trailing 12 months
More metrics
Net income
-$955.9M
Trailing 12 months
P/S
2.1
Peer P/E
24.1
Similar listed perps
Revenue estimate
$12.4B
Next fiscal year
Earnings
2026-11-03
Revenue est. $3.2B · Updated 2h ago
Dividend
$0.25
2026-09-11

Fundamental detail

Annual + quarterly
Latest revenue$7.7B
Net margin+18.2%
Free cash flow$2B
Net debt$13.5B
2020$7.4B
2021$8.5B
2022$9B
2023$9.7B
2024$10.1B
2025$7.7B
PeriodRevenueGrowthNet incomeFCF
2020$7.4B+51%$584.5M$1.9B
2021$8.5B+15%$965.5M$2.3B
2022$9B+5%$111.5M$1.6B
2023$9.7B+8%$986.2M$1.6B
2024$10.1B+5%$1.6B$2.9B
2025$7.7B-24%$1.4B$2B
PeriodGross marginOperating marginNet marginROEROA
2020+50.8%+16.4%+7.9%+2.1%+1.3%
2021+55.7%+20.6%+11.3%+3.8%+2.1%
2022+57.9%+22.0%+1.2%+0.5%+0.2%
2023+61.4%+22.9%+10.2%+4.3%+2.0%
2024+62.8%+22.6%+15.5%+7.0%+3.3%
2025+72.6%+19.1%+18.2%+6.1%+2.6%
PeriodCashDebtNet debtCurrent ratio
2020$1.9B$9.8B$7.8B1.01
2021$2B$12.1B$10.1B1.06
2022$2B$14.3B$12.3B0.92
2023$2.1B$17.4B$15.3B0.99
2024$2.5B$16.8B$14.3B0.97
2025$8.3B$21.9B$13.5B1.69
PeriodMarket capEnterprise valueP/SP/E
2020$64.5B$72.3B8.7110.5
2021$39.6B$49.7B4.641.0
2022$27.3B$39.6B3.0242.2
2023$33.2B$48.4B3.433.6
2024$28.5B$42.8B2.818.1
2025$18.6B$32.1B2.413.3
Q3 2024$2B
Q4 2024$2.5B
Q1 2025$2.4B
Q2 2025$2B
Q3 2025$2B
Q4 2025$1.9B
Q1 2026$3B
Q2 2026$3.3B
PeriodRevenueGrowthNet incomeFCF
Q3 2024$2B-19%$315.1M$1.4B
Q4 2024$2.5B+3%$567.2M$469.4M
Q1 2025$2.4B0%$305.7M$427.5M
Q2 2025$2B-1%$241.6M$665.4M
Q3 2025$2B0%$635.2M$598.9M
Q4 2025$1.9B-25%$217.5M$347M
Q1 2026$3B+23%-$1.8B-$550.2M
Q2 2026$3.3B+70%-$8.7M$427M
PeriodGross marginOperating marginNet marginROEROA
Q3 2024+74.7%+27.4%+15.8%+1.4%+0.6%
Q4 2024+62.1%+24.0%+22.5%+2.5%+1.2%
Q1 2025+61.8%+20.5%+12.7%+1.4%+0.6%
Q2 2025+74.5%+28.7%+12.3%+1.1%+0.5%
Q3 2025+72.3%+31.8%+31.6%+2.8%+1.3%
Q4 2025+70.6%+13.0%+11.5%+1.0%+0.4%
Q1 2026+57.1%-0.5%-60.6%-7.6%-2.8%
Q2 2026+61.0%+10.2%-0.3%0.0%0.0%
PeriodCashDebtNet debtCurrent ratio
Q3 2024$2.9B$17.6B$14.6B0.93
Q4 2024$2.5B$16.8B$14.3B0.97
Q1 2025$2.9B$16.9B$14B0.94
Q2 2025$2.6B$16.6B$14B0.95
Q3 2025$2.6B$15.2B$12.6B0.85
Q4 2025$8.3B$21.9B$13.5B1.69
Q1 2026$5.9B$23.6B$17.7B0.79
Q2 2026$5.4B$22.4B$17B0.82
PeriodMarket capEnterprise valueP/SP/E
Q3 2024$26.1B$40.7B13.020.6
Q4 2024$28.1B$42.4B11.212.4
Q1 2025$24.2B$38.2B10.019.7
Q2 2025$19.5B$33.6B10.020.2
Q3 2025$19.9B$32.5B9.97.8
Q4 2025$18.6B$32.1B9.821.3
Q1 2026$16.1B$33.9B5.4-2.2
Q2 2026$18.8B$35.8B5.7362.8

Refreshed 2h ago

Charts: revenue, profit, cash flow & valuation
Revenue$3.3BQ2 2026
$830.2M$1.7B$2.5B$3.3BQ3 2023: $2.5BQ4 2023: $2.4BQ1 2024: $2.4BQ2 2024: $2BQ3 2024: $2BQ4 2024: $2.5BQ1 2025: $2.4BQ2 2025: $2BQ3 2025: $2BQ4 2025: $1.9BQ1 2026: $3BQ2 2026: $3.3BQ3 2023Q2 2026
Net income-$8.7MQ2 2026
-$1.2B-$582.3M$26.4M$635.2MQ3 2023: $361.8MQ4 2023: $361.3MQ1 2024: $313.3MQ2 2024: $374.8MQ3 2024: $315.1MQ4 2024: $567.2MQ1 2025: $305.7MQ2 2025: $241.6MQ3 2025: $635.2MQ4 2025: $217.5MQ1 2026: -$1.8BQ2 2026: -$8.7MQ3 2023Q2 2026
EBITDA$337.1MQ2 2026
$343.9M$687.9M$1B$1.4BQ3 2023: $1.1BQ4 2023: $1BQ1 2024: $984.9MQ2 2024: $979.6MQ3 2024: $844.9MQ4 2024: $1.4BQ1 2025: $996MQ2 2025: $818.5MQ3 2025: $1.1BQ4 2025: $710.7MQ1 2026: $882.6MQ2 2026: $337.1MQ3 2023Q2 2026
Free cash flow$427MQ2 2026
-$69M$412.2M$893.4M$1.4BQ3 2023: $257MQ4 2023: $500.1MQ1 2024: $384.1MQ2 2024: $629.6MQ3 2024: $1.4BQ4 2024: $469.4MQ1 2025: $427.5MQ2 2025: $665.4MQ3 2025: $598.9MQ4 2025: $347MQ1 2026: -$550.2MQ2 2026: $427MQ3 2023Q2 2026
EPS$0.05Q2 2026
-$4.96-$2.43$0.11$2.64Q3 2023: $1.39Q4 2023: $1.38Q1 2024: $1.22Q2 2024: $1.47Q3 2024: $1.24Q4 2024: $2.25Q1 2025: $1.24Q2 2025: $0.99Q3 2025: $2.64Q4 2025: $0.91Q1 2026: -$7.49Q2 2026: $0.05Q3 2023Q2 2026
Cash / Debt$5.4BQ2 2026
$5.9B$11.8B$17.7B$23.6BQ3 2023 · Cash: $1.9BQ3 2023 · Debt: $17.4BQ4 2023 · Cash: $2.1BQ4 2023 · Debt: $17.4BQ1 2024 · Cash: $2.2BQ1 2024 · Debt: $18.2BQ2 2024 · Cash: $2.1BQ2 2024 · Debt: $18.2BQ3 2024 · Cash: $2.9BQ3 2024 · Debt: $17.6BQ4 2024 · Cash: $2.5BQ4 2024 · Debt: $16.8BQ1 2025 · Cash: $2.9BQ1 2025 · Debt: $16.9BQ2 2025 · Cash: $2.6BQ2 2025 · Debt: $16.6BQ3 2025 · Cash: $2.6BQ3 2025 · Debt: $15.2BQ4 2025 · Cash: $8.3BQ4 2025 · Debt: $21.9BQ1 2026 · Cash: $5.9BQ1 2026 · Debt: $23.6BQ2 2026 · Cash: $5.4BQ2 2026 · Debt: $22.4BQ3 2023Q2 2026
CashDebt
Profitability+61.0%Q2 2026
-26.8%+7.1%+40.9%+74.7%Q3 2023 · Gross margin: +63.0%Q4 2023 · Gross margin: +62.1%Q1 2024 · Gross margin: +61.9%Q2 2024 · Gross margin: +74.4%Q3 2024 · Gross margin: +74.7%Q4 2024 · Gross margin: +62.1%Q1 2025 · Gross margin: +61.8%Q2 2025 · Gross margin: +74.5%Q3 2025 · Gross margin: +72.3%Q4 2025 · Gross margin: +70.6%Q1 2026 · Gross margin: +57.1%Q2 2026 · Gross margin: +61.0%Q3 2023 · Operating margin: +25.7%Q4 2023 · Operating margin: +25.4%Q1 2024 · Operating margin: +21.9%Q2 2024 · Operating margin: +24.1%Q3 2024 · Operating margin: +27.4%Q4 2024 · Operating margin: +24.0%Q1 2025 · Operating margin: +20.5%Q2 2025 · Operating margin: +28.7%Q3 2025 · Operating margin: +31.8%Q4 2025 · Operating margin: +13.0%Q1 2026 · Operating margin: -0.5%Q2 2026 · Operating margin: +10.2%Q3 2023 · Net margin: +14.6%Q4 2023 · Net margin: +14.8%Q1 2024 · Net margin: +12.9%Q2 2024 · Net margin: +19.0%Q3 2024 · Net margin: +15.8%Q4 2024 · Net margin: +22.5%Q1 2025 · Net margin: +12.7%Q2 2025 · Net margin: +12.3%Q3 2025 · Net margin: +31.6%Q4 2025 · Net margin: +11.5%Q1 2026 · Net margin: -60.6%Q2 2026 · Net margin: -0.3%Q3 2023Q2 2026
Gross marginOperating marginNet margin
Revenue growth+69.7%Q2 2026
-1.0%+22.6%+46.1%+69.7%Q3 2024: -19.3%Q4 2024: +3.4%Q1 2025: -0.3%Q2 2025: -0.7%Q3 2025: +0.5%Q4 2025: -24.6%Q1 2026: +23.1%Q2 2026: +69.7%Q3 2023Q2 2026
Shares outstanding259.4MQ2 2026
65.3M130.6M195.8M261.1MQ3 2023: 260.9MQ4 2023: 261.1MQ1 2024: 257.6MQ2 2024: 255.2MQ3 2024: 254.9MQ4 2024: 251.8MQ1 2025: 247.2MQ2 2025: 244.1MQ3 2025: 240.2MQ4 2025: 240.2MQ1 2026: 240.2MQ2 2026: 259.4MQ3 2023Q2 2026
Valuation362.8Q2 2026
89.0180.3271.5362.8Q3 2023 · P/E: 20.8Q4 2023 · P/E: 22.8Q1 2024 · P/E: 26.7Q2 2024 · P/E: 16.3Q3 2024 · P/E: 20.6Q4 2024 · P/E: 12.4Q1 2025 · P/E: 19.7Q2 2025 · P/E: 20.2Q3 2025 · P/E: 7.8Q4 2025 · P/E: 21.3Q1 2026 · P/E: -2.2Q2 2026 · P/E: 362.8Q3 2023 · P/S: 12.1Q4 2023 · P/S: 13.6Q1 2024 · P/S: 13.8Q2 2024 · P/S: 12.4Q3 2024 · P/S: 13.0Q4 2024 · P/S: 11.2Q1 2025 · P/S: 10.0Q2 2025 · P/S: 10.0Q3 2025 · P/S: 9.9Q4 2025 · P/S: 9.8Q1 2026 · P/S: 5.4Q2 2026 · P/S: 5.7Q3 2023Q2 2026
P/EP/S
Revenue$7.7B2025
$2.5B$5.1B$7.6B$10.1B2018: $3.4B2019: $4.9B2020: $7.4B2021: $8.5B2022: $9B2023: $9.7B2024: $10.1B2025: $7.7B20182025
Net income$1.4B2025
$392.6M$785.2M$1.2B$1.6B2018: $452.1M2019: $430.6M2020: $584.5M2021: $965.5M2022: $111.5M2023: $986.2M2024: $1.6B2025: $1.4B20182025
EBITDA$3.4B2025
$1.1B$2.3B$3.4B$4.5B2018: $1.3B2019: $1.8B2020: $2.7B2021: $3.2B2022: $2.4B2023: $3.7B2024: $4.5B2025: $3.4B20182025
Free cash flow$2B2025
$714.4M$1.4B$2.1B$2.9B2018: $892.8M2019: $1.1B2020: $1.9B2021: $2.3B2022: $1.6B2023: $1.6B2024: $2.9B2025: $2B20182025
EPS$5.832025
$1.54$3.08$4.62$6.162018: $2.842019: $2.162020: $1.952021: $3.292022: $0.42023: $3.772024: $6.162025: $5.8320182025
Cash / Debt$8.3B2025
$5.5B$10.9B$16.4B$21.9B2018 · Cash: $1.2B2018 · Debt: $5.8B2019 · Cash: $1.7B2019 · Debt: $9.7B2020 · Cash: $1.9B2020 · Debt: $9.8B2021 · Cash: $2B2021 · Debt: $12.1B2022 · Cash: $2B2022 · Debt: $14.3B2023 · Cash: $2.1B2023 · Debt: $17.4B2024 · Cash: $2.5B2024 · Debt: $16.8B2025 · Cash: $8.3B2025 · Debt: $21.9B20182025
CashDebt
Profitability+72.6%2025
+18.1%+36.3%+54.4%+72.6%2018 · Gross margin: +67.5%2019 · Gross margin: +57.8%2020 · Gross margin: +50.8%2021 · Gross margin: +55.7%2022 · Gross margin: +57.9%2023 · Gross margin: +61.4%2024 · Gross margin: +62.8%2025 · Gross margin: +72.6%2018 · Operating margin: +23.6%2019 · Operating margin: +21.3%2020 · Operating margin: +16.4%2021 · Operating margin: +20.6%2022 · Operating margin: +22.0%2023 · Operating margin: +22.9%2024 · Operating margin: +22.6%2025 · Operating margin: +19.1%2018 · Net margin: +13.4%2019 · Net margin: +8.8%2020 · Net margin: +7.9%2021 · Net margin: +11.3%2022 · Net margin: +1.2%2023 · Net margin: +10.2%2024 · Net margin: +15.5%2025 · Net margin: +18.2%20182025
Gross marginOperating marginNet margin
Revenue growth-23.7%2025
-5.0%+13.7%+32.4%+51.1%2019: +45.9%2020: +51.1%2021: +14.8%2022: +5.3%2023: +7.6%2024: +4.7%2025: -23.7%20182025
Shares outstanding240.2M2025
75.1M150.3M225.4M300.5M2018: 159.3M2019: 199.1M2020: 300.5M2021: 293.7M2022: 275.6M2023: 261.7M2024: 254.8M2025: 240.2M20182025
Valuation13.32025
60.6121.1181.7242.22018 · P/E: 36.22019 · P/E: 84.12020 · P/E: 110.52021 · P/E: 41.02022 · P/E: 242.22023 · P/E: 33.62024 · P/E: 18.12025 · P/E: 13.32018 · P/S: 4.92019 · P/S: 7.42020 · P/S: 8.72021 · P/S: 4.62022 · P/S: 3.02023 · P/S: 3.42024 · P/S: 2.82025 · P/S: 2.420182025
P/EP/S

Next catalyst

Catalysts

Earnings
2026-11-03
Revenue est. $3.2B · Updated 2h ago
Dividend
$0.25
2026-09-11

No unusual perp activity right now.

Research data

Analysts, filings and peer context

Estimates

6
DateEPS estimateRevenue estimateGrowthAnalysts
FY 202613.65$12.4B+60%21
FY 202716.04$13B+69%22
FY 202818.68$13.6B+77%12
FY 202921.53$14.3B+86%9
FY 203023.24$15.4B+99%5
Q1 20283.93$3.2B+8%10

Company events

6
2026-11-03EarningsActual - / Estimate 3.56-
2026-09-11Dividend$0.25-
2026-08-05EarningsActual 3.46 / Estimate 3.44Beat
2026-06-12Dividend$0.25-
2026-05-06EarningsActual 2.96 / Estimate 2.78Beat
2026-03-09Dividend$0.25-

Peer comparison

Similar listed perps

Analyst track record

How the analysts covering GPN have done: ratings, price-target accuracy and the measured reaction after their calls.

12 months3 years
Ratings122423
Analysts4050
Buy / hold / sell43 / 78 / 1245 / 176 / 2
Upgrades / downgrades / initiations3 / 2 / 106 / 15 / 17
Price targets hit / missed26 / 78 (25%)42 / 335 (11%)
Avg. return after a rating (TipRanks)-10.4%-26.6%
Best / worst call+40.6% / -56.5%+40.6% / -58.7%

After buy calls on this stock: not enough measured cases yet

Latest ratings

DateAnalystCallTarget
Sep 10, 2026James FriedmanSusquehannaBuyMaintained$111
Sep 11, 2026Bill CarcachePiper SandlerHoldInitiated$101
Sep 3, 2026Dan DolevMizuho SecuritiesBuyReiterated$110
Aug 28, 2026Daniel PerlinRBC CapitalHoldMaintained$106
Aug 26, 2026Bryan BerginTD CowenHoldMaintained$95.00

TipRanks data via FMP · computed Sep 23, 2026 · 122 ratings

Frequently asked questions

Where can I trade GPN perpetual futures?

Global Payments Inc. (GPN) perpetual futures trade on 1 crypto venues, including MEXC. PerpEquities compares them by live price, funding rate, open interest and liquidity.

Can I trade GPN around the clock?

Yes. Unlike the underlying stock, GPN perpetuals trade 24/7 — including weekends and outside regular market hours.

What is the funding rate on GPN perpetuals?

Right now the GPN perp funding rate is +21.9% annualized (venue median), ranging from +21.9% to +21.9% across 1 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.

How does the GPN perp price compare to the Global Payments Inc. stock?

The venue-median GPN perp mark is $84 versus a reference stock price of $84, a basis of 0.0%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.

What is a GPN perpetual future?

A GPN perpetual is a derivative that tracks the price of Global Payments Inc. with no expiry date. It lets you take long or short exposure to Global Payments Inc. on crypto venues, around the clock.

What is GPNUSDT perpetual?

GPNUSDT is the symbol most crypto exchanges use for the Global Payments Inc. perpetual settled in USDT (Tether). It tracks the GPN share price through an index, trades 24/7 with leverage and never expires.

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