Short answer
Global Payments (GPN) filed its fiscal 2025 10-K annual report with the SEC on Feb 20, 2026. It reported revenue of $7.7B (−23.7% year over year) and net income of $1.4B.
- Top risk flagged: Goodwill impairment $33.2M charge in Q2 2025 due to Issuer Solutions disposal group held for sale
FY2025 key financial metrics · XBRL
- Revenue
- $7.7B
- −23.7% YoY
- Net income
- $1.4B
- −10.8% YoY
- Operating margin
- 22.8%
- −0.3 pp YoY
- EPS (diluted)
- $5.78
- −6.2% YoY
- ROE
- 6.1%
- −0.9 pp YoY
- Operating cash flow
- $2.7B
- −24.8% YoY
Source: XBRL data from the Global Payments (GPN) FY2025 10-K on SEC EDGAR. USD.
Global Payments FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: global payments technology provider focused on digital payment solutions and transaction processing
- Emphasis on emerging digital payment technologies including ecommerce, omnichannel, contactless, and AI integration
- Strategic focus on expanding into new markets via acquisitions, joint ventures, and cloud-based technology partnerships
- Growing investment in technology modernization and innovation to support expanding digital transaction volumes
- Noteworthy trend: increased migration of paper-based transactions in education, government, healthcare, and B2B sectors
Management Discussion & Analysis
- Revenue $7,705.9M, flat YoY vs $7,736.0M despite business dispositions
- Merchant Solutions segment operating income and margin increased due to cost reduction programs (no specific % given)
- Consolidated operating income impacted by higher transformation costs related to Issuer Solutions divestiture and Worldpay integration
- Transformation initiatives to generate >$650M annual operating income benefit by H1 2027, with incremental expenses through mid-2027
- Ongoing capital allocation includes technology investments, platform migrations, and operational streamlining; no buyback/dividend/capex figures detailed
Risk Factors
- Goodwill impairment $33.2M charge in Q2 2025 due to Issuer Solutions disposal group held for sale
- Exposure to macroeconomic risks impacting goodwill estimates amid global uncertainty with potential for material future impairment
- Capitalized internal-use software costs $918.8M at Dec 31, 2025 vulnerable to impairment from unforeseen changes in software development
- Issuer Solutions disposal group classified as held for sale with $160.4M write-down to fair value less costs to sell in 2025
- Redeemable noncontrolling interests in subsidiaries Greece, Chile, Germany valued on projected performance, subject to redemption price risks
Generated from the filing text; verify against the original. How to read a 10-K
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