Global Payments Inc. (GPN)财务
NYSE · Financial Services · Financial - Credit Services · 员工26,000人 · CEO Cameron Bready
- 股价
- $96.84 +12.97%
- 市值
- $256亿
- 企业价值
- $426亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-05
营收(TTM)$102亿+14.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)11.9%-13.0 百分点 对比去年同期营业利润 $12.1亿
净利润(TTM)-$9.56亿-166.9% 对比去年同期税后,含营业外收益
自由现金流(TTM)$8.23亿-72.0% 对比去年同期资本支出 $8.35亿
稀释EPS(TTM)-$3.89-168.0% 对比去年同期最近4个季度之和
净现金-$170亿-21.2% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $256亿 EV $426亿
- 营收
- $102亿 过去12个月
- 营收增速
- – 下一财年
- 净利润率
- -9.4% 净利润 / 营收,TTM
- P/E
- -24.8×
- P/S
- 2.5× 股价 / 营收,TTM
- EV / EBITDA
- 10.9× TTM
- 自由现金流
- $8.23亿 过去12个月
- 净利润
- -$9.56亿 过去12个月
- 营收预期
- – 下一财年
- 盈利
- 2026-11-05
- 股息
- $1.00 每股,过去12个月
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 营收增长加速:同比69.7%Q2 '26营收$33.2亿,此前四个季度的平均值为-0.4%。
- 营业利润率11.9%(TTM),较去年同期-13.0 百分点营收增长14.8%,营业利润增长-45.3%。
- 税前利润的70.6%被营业外亏损吞噬税前利润$7.08亿,营业利润$12.1亿(TTM)。股权投资亏损等一次性项目压低了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的8.2%(去年为7.1%)最近4个季度投入$8.35亿(同比+32.5%)。自由现金流$8.23亿。
- 股东回报$13.9亿 = 自由现金流的169.1%回购$11.4亿(去年为$13.9亿),股息$2.52亿,股权激励$9250万(TTM)。 超过自由现金流:由现金储备或举债支付。
- 稀释股数一年内增加6.3%Q2 '26稀释股数2.59亿,一年前为2.44亿。
- 净债务 $170亿现金 + 短期投资 $54.1亿,含租赁债务 $224亿;一年前净债务 $140亿。
- Enterprise Segment:营收+462.5%,利润率29.5%(此前为56.6%)Q2 '26增长最快的披露分部:营收$8.38亿,营业利润$2.48亿(来自财报的分部附注)。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $33.2亿 | $19.6亿 | +69.7% |
| 毛利率 | 61.0% | 74.5% | -13.5 百分点 |
| 营业利润 | $3.37亿 | $5.61亿 | -39.9% |
| 营业利润率 | 10.2% | 28.7% | -18.5 百分点 |
| 净利润 | -$871万 | $2.42亿 | -103.6% |
| 稀释EPS | $0.05 | $0.99 | -94.9% |
| 经营现金流 | $6.63亿 | $8.18亿 | -18.9% |
| 资本支出 | $2.36亿 | $1.52亿 | +54.9% |
| 自由现金流 | $4.27亿 | $6.65亿 | -35.8% |
| R&D | $0 | $0 | – |
| 股权激励费用 | $5720万 | $3980万 | +43.7% |
营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q1 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Merchant Solutions Segment | $29.7亿 | +64.2% | 100.0% | – | – | |
| Issuer Solutions Segment | – | – | – | – | – |
按地区划分的营收
占总额比例| 分部 | Q1 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Merchant Solutions Segment | – | – | – | – | – | |
| North America Segment | – | – | – | – | – | |
| Small and Medium-Sized Businesses Segment | $11.7亿 | – | 100.0% | – | – | |
| Europe | – | – | – | – | – | |
| Asia Pacific | – | – | – | – | – |
分部利润
取自每份10-Q / 10-K分部附注的各披露分部营业利润(多数数据源缺少的利润拆分)。
Q2 '26分部
| 分部 | 营收 | 同比 | 营业利润 | 同比 | 利润率 | 去年同期利润率 | TTM营业利润 |
|---|---|---|---|---|---|---|---|
| Merchant Solutions Segment | – | – | – | – | – | – | – |
| Small And Medium Sized Businesses Segment | $16.5亿 | +23.7% | $6.28亿 | -6.1% | 38.1% | 50.2% | – |
| Enterprise Segment | $8.38亿 | +462.5% | $2.48亿 | +193.7% | 29.5% | 56.6% | – |
| Platforms Segment | $6.53亿 | +126.8% | $1.93亿 | +60.3% | 29.5% | 41.8% | – |
| Issuer Solutions Segment | – | – | – | – | – | – | – |
| Consumer Solutions Segment | – | – | – | – | – | – | – |
| Corporate (unallocated) | – | – | – | – | – | – | – |
各分部营业利润
季度各分部营业利润率
季度第四季度为推算值:10-K披露全年数据,减去10-Q的前三个季度。
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $16.6亿
- 资本支出
- -$8.35亿
- 股票回购
- -$11.4亿
- 股息
- -$2.52亿
- 收购
- -$15.2亿
- 债务净发行
- -$28.6亿
- 股权激励费用
- $9250万
- 自由现金流
- $8.23亿
- 股东回报 / FCF
- 169.1%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | -24.8× | 69.6× | 13.3× – 242.2× |
| EV / EBITDA | 10.9× | 13.2× | 9.3× – 17.1× |
| EV / 营收 | 4.2× | 4.7× | 4.2× – 5.8× |
| 股价 / FCF | 31.1× | 14.8× | 9.1× – 20.8× |
| 股价 / 净资产 | 1.1× | 1.3× | 0.8× – 1.5× |
| FCF收益率 | 3.2% | 7.5% | 4.8% – 11.0% |
| 投入资本回报率 | 1.9% | 3.4% | 2.3% – 4.6% |
| 净资产收益率 | -4.1% | 4.3% | 0.5% – 7.0% |
分析师
一致目标价 $102.88 (+6.2%)
区间 $80.00 – $137.00 · 评级 Buy
强烈买入0
买入38
持有21
卖出4
强烈卖出0
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Global Payments Inc.在近期10-Q / 10-K文件中标记的全部310项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accelerated Share Repurchases, Final Price Paid Per Share | $0.002025-09-30 | $0.00 | – | $200.712021-12-31 | – | – |
| Accounts Payable and Accrued Liabilities, Current | $37.1亿 | $21.8亿 | +69.7% | $26.6亿 | $28.4亿 | -6.2% |
| Accounts Payable, Trade, Current | $2.78亿2025-12-31 | $2.54亿 | +9.4% | $2.78亿 | $2.54亿 | +9.4% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $15.8亿 | $8.64亿 | +82.4% | $7.84亿 | $7.88亿 | -0.4% |
| Accounts Receivable, Allowance for Credit Loss | $5020万2025-12-31 | $2400万 | +109.2% | $5020万 | $2400万 | +109.2% |
| Accounts Receivable, Credit Loss Expense (Reversal) | – | – | – | $2720万 | $2580万 | +5.4% |
| Accrual for Taxes Other than Income Taxes, Current | $7300万2025-12-31 | $5860万 | +24.5% | $7300万 | $5860万 | +24.5% |
| Accrued Income Taxes, Current | $24.5亿 | – | – | $1.18亿 | $2.08亿 | -43.4% |
| Accrued Professional Fees, Current | $2910万2025-12-31 | $1560万 | +86.6% | $2910万 | $1560万 | +86.6% |
| Accrued Sales Commission, Current | $8910万2025-12-31 | $8690万 | +2.5% | $8910万 | $8690万 | +2.5% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$3.09亿 | -$1.04亿 | -197.3% | -$1.26亿 | -$6.13亿 | +79.4% |
| Additional Paid in Capital | $194亿 | $175亿 | +10.9% | $171亿 | $181亿 | -5.7% |
| Amortization of Debt Issuance Costs and Discounts | – | – | – | $3050万 | $3150万 | -3.2% |
| Amortization of Intangible Assets | $7.58亿 | $2.22亿 | +241.6% | $9.97亿 | $13.7亿 | -27.2% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 70万 | 90万 | -22.2% | 80.7万 | 29.3万 | +175.0% |
| Assets | $636亿 | $485亿 | +31.0% | $533亿 | $469亿 | +13.8% |
| Assets, Current | $117亿 | $77.5亿 | +50.5% | $126亿 | $60.3亿 | +109.0% |
| Bridge Loan | – | – | – | $62亿2025-05-15 | – | – |
| Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability | $370万 | – | – | – | – | – |
| Business Combination, Contingent Consideration, Liability | $1.32亿2025-12-31 | – | – | $1.32亿 | – | – |
| Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Contingent Liability | -$3.59亿 | – | – | – | – | – |
| Capitalized Contract Cost, Amortization | $2700万 | $3250万 | -17.1% | $1.28亿 | $1.38亿 | -7.5% |
| Cash | $9.81亿2025-12-31 | $10.7亿 | -8.1% | $9.81亿 | $10.7亿 | -8.1% |
| Cash and Cash Equivalents, at Carrying Value | $54.1亿 | $26.1亿 | +107.1% | $83.4亿 | $23.6亿 | +253.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $56.9亿 | $33.4亿 | +70.5% | $91.2亿 | $27.4亿 | +233.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Disposal Group, Including Discontinued Operations | $0 | $4.66亿 | -100.0% | $4.04亿 | $1.82亿 | +121.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | $56.9亿 | $33.4亿 | +70.5% | – | – | – |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$4.32亿 | $1.92亿 | -325.2% | $63.8亿 | $4.79亿 | +1,231.8% |
| Common Stock, Dividends, Per Share, Declared | $0.25 | $0.25 | 0.0% | $1.00 | $1.00 | 0.0% |
| Common Stock, Shares Authorized | 4亿 | 4亿 | 0.0% | 4亿 | 4亿 | 0.0% |
| Common Stock, Shares, Issued | 2.66亿 | 2.42亿 | +9.6% | 2.37亿 | 2.49亿 | -4.8% |
| Common Stock, Shares, Outstanding | 2.66亿 | 2.42亿 | +9.6% | 2.37亿 | 2.49亿 | -4.8% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest | $848万 | $7210万 | -88.2% | $1.68亿 | $1930万 | +771.9% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | -$1.01亿 | $5.87亿 | -117.2% | $18.9亿 | $12.2亿 | +55.2% |
| Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest | -$9240万 | $6.59亿 | -114.0% | $20.6亿 | $12.3亿 | +66.4% |
| Contract with Customer, Liability, Current | $1.93亿 | $1.76亿 | +9.6% | $1.77亿 | $2.02亿 | -12.3% |
| Contract with Customer, Liability, Noncurrent | $2130万 | $2240万 | -4.8% | $1960万 | $2130万 | -8.0% |
| Contract with Customer, Liability, Revenue Recognized | $8000万 | $7470万 | +7.1% | $1.83亿 | $1.65亿 | +11.2% |
| Cost of Goods and Services Sold | $12.9亿 | $5.02亿 | +157.9% | $21.1亿 | $20.3亿 | +3.9% |
| Costs and Expenses | $29.8亿 | $15.8亿 | +89.3% | $59.5亿 | $57.6亿 | +3.3% |
| Current Federal Tax Expense (Benefit) | – | – | – | $2.82亿 | $2.9亿 | -2.7% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.8亿 | $1.92亿 | -6.4% |
| Current Income Tax Expense (Benefit) | – | – | – | $5.35亿 | $5.42亿 | -1.2% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $7380万 | $6040万 | +22.3% |
| Debt Issuance Costs, Gross | $770万2026-03-05 | – | – | – | – | – |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | -$1.75亿 | -$1.93亿 | +9.3% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$9890万 | -$7130万 | -38.6% |
| Deferred Income Tax Assets, Net | $3.45亿 | $9750万 | +253.8% | $1.71亿 | $9840万 | +74.2% |
| Deferred Income Tax Expense (Benefit) | – | – | – | -$2.84亿 | -$3.01亿 | +5.5% |
| Deferred Income Tax Liabilities, Net | $28.9亿 | $17亿 | +69.6% | $16.1亿 | $15.8亿 | +1.3% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | -$1040万 | -$3660万 | +71.6% |
| Deferred Tax Assets, Gross | $13.1亿2025-12-31 | $11亿 | +19.3% | $13.1亿 | $11亿 | +19.3% |
| Deferred Tax Assets, in Process Research and Development | $2.75亿2025-12-31 | $2.87亿 | -4.1% | $2.75亿 | $2.87亿 | -4.1% |
| Deferred Tax Assets, Investments | $1.32亿2025-12-31 | $1.11亿 | +19.6% | $1.32亿 | $1.11亿 | +19.6% |
| Deferred Tax Assets, Net of Valuation Allowance | $1.71亿2025-12-31 | $9840万 | +74.2% | $1.71亿 | $9840万 | +74.2% |
| Deferred Tax Assets, Operating Loss Carryforwards, Domestic | $2310万2025-12-31 | $2860万 | -19.4% | $2310万 | $2860万 | -19.4% |
| Deferred Tax Assets, Operating Loss Carryforwards, Foreign | $2.88亿2025-12-31 | $2.22亿 | +29.5% | $2.88亿 | $2.22亿 | +29.5% |
| Deferred Tax Assets, Other | $1.61亿2025-12-31 | $9950万 | +61.4% | $1.61亿 | $9950万 | +61.4% |
| Deferred Tax Assets, Tax Credit Carryforwards | $2.82亿2025-12-31 | $2亿 | +40.6% | $2.82亿 | $2亿 | +40.6% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02